Comparison · verified 5 August 2026
MixFunded vs Topstep
These two firms are not direct substitutes: Topstep funds futures traders, MixFunded funds CFD traders. The comparison is still worth making, because the fee model, the drawdown mechanics and the payout proof are structurally different.
Side by side
| Spec | MixFunded | Topstep |
|---|---|---|
| Model | CFD (FX, metals, indices, crypto, oil) | Futures (different asset class to MixFunded) |
| Cheapest entry | $5 | Monthly Trading Combine subscription |
| How the entry works | Pay After Passing — $5 entry on a $50,000 account, $150 activation paid only after you pass | $50,000 Combine — recurring monthly fee rather than a one-off |
| Profit target | 10% (1-Step & PAPP) · 8% then 5% (2-Step) · 0% (Instant Funded) | $3,000 / $6,000 / $9,000 (6%) by account size |
| Daily drawdown | 5% evaluation · 3% Pay After Passing · 3% Instant Funded | Optional Daily Loss Limit (objective, not a hard rule) |
| Max drawdown | 10% evaluation · 8% Pay After Passing · 6% static Instant Funded | Trailing Maximum Loss Limit — $2,000 / $3,000 / $4,500 by account size |
| Profit split | 80 / 20 (Instant Funded starts 60 / 40, scales to 80 / 20 after 3 payouts) | 90 / 10 for new traders |
| Payout cadence | Every Monday | Per the Topstep payout policy (winning-day requirements apply) |
| Payout rail | USDT (TRC-20) | Bank transfer / payment providers |
| On-chain payout proof | Yes — every payout published with its TRC-20 TXID on the public ledger | No public per-payout transaction ledger |
| Consistency rule | None on standard programs | Yes — best day capped at 50% of the profit target |
| Time limit | None | No time limit on the Combine |
| News trading | Allowed on every program | Permitted, position limits apply |
| Platforms | MetaTrader 4 & MetaTrader 5 (EAs permitted) | TopstepX and supported futures platforms |
Which one fits you
Pick Topstep if you trade futures — ES, NQ, CL, GC — and want a well-established route into a funded futures account with a 90/10 split for new traders. You accept a recurring monthly fee and a trailing loss limit.
Pick MixFunded if you trade FX, metals, indices, crypto or oil on MetaTrader. A one-off $5 gets you onto a $50,000 Pay After Passing evaluation with no monthly subscription, no consistency rule, no time limit and no news-trading blackout.
If you want to audit a firm before paying it, MixFunded publishes every payout's TRC-20 transaction ID on a public ledger. Topstep does not publish a per-payout transaction ledger.
Subscription vs one-off fee
Topstep's Trading Combine is a monthly subscription. If your evaluation takes four months, you pay four times. That is manageable when you pass quickly and expensive when you do not.
MixFunded charges once. Standard evaluations run $45 for $10,000 to $299 for $100,000. Pay After Passing is $5 to start a $50,000 evaluation, with the $150 activation fee due only after you pass — there is no recurring charge at any point.
Trailing vs fixed drawdown
Topstep's Maximum Loss Limit trails: it starts at $2,000 on a $50,000 account, $3,000 on $100,000 and $4,500 on $150,000, and rises as your account balance grows. A trailing limit protects the firm and squeezes traders who give back open profit.
MixFunded's limits are fixed percentages set per program — 10% maximum on evaluations, 8% on Pay After Passing, 6% static on Instant Funded — measured on equity. The floor you start with is the floor you keep.
Consistency and payout conditions
Topstep caps the best day at 50% of the profit target and its payout policy includes winning-day requirements. If your edge is concentrated in a handful of sessions, that shapes how you must trade to qualify.
MixFunded runs no consistency rule on standard programs and pays every Monday in USDT on the TRC-20 network. Each payout is published with its transaction ID on the public ledger, and a machine-readable JSON feed of the same data is open to anyone. £36,857 has been paid to MixFunded traders since December 2024.