Head-to-head
Topstep vs Wolverine Trading
A direct, side-by-side comparison of Topstep and Wolverine Trading — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.
Quick verdict
Topstep is best for
traders prioritizing profit share (90% vs 50%).
Full Topstep profile →Quick verdict
Wolverine Trading is best for
traders avoiding evaluation hurdles; swing traders holding overnight.
Full Wolverine Trading profile →Cost & compensation
Cost and compensation path
Published fees and payout timing apply to trader-paid funding programs. Firm-capital and institutional paths are shown separately because their economics usually depend on hiring, allocation, salary, bonus, or profit-sharing terms.
Topstep
estimateApprox. total
$98
to reach first payout eligibility
Approx. time
15days
from sign-up to first eligible request
- Start cost
- $49
- Monthly fee
- $49/mo
How we estimated this
- Evaluation path: lowest published one-time evaluation fee.
- Adds ~10 calendar days for evaluation completion (most firms require ≥5 minimum trading days).
- Monthly fee ($49) × 1 month added to startup cost.
- Source — eval fee: $49–$149/month (Trading Combine); monthly: Combine $49–$149; Funded $135/mo flat after first payout; first payout: 5 winning days, $0 trailing drawdown breach.
Wolverine Trading
Firm CapitalNot applicable for this model
This is a firm-capital or hiring-based trading path, not a trader-paid funding program. Compensation is typically handled through salary, bonus, draw, allocation, or profit-sharing arrangements rather than a published evaluation fee and payout schedule.
Trade-offs
Where each firm is weaker
No firm wins on every axis. These are the most meaningful drawbacks of each option — derived from the same structured fields shown in the table, never invented.
Topstep trade-offs
No overnight holds
Closes positions intraday. Wolverine Trading allows overnight holds.
Wolverine Trading trade-offs
Lower profit split
Pays 50% versus 90% — 40 points less of every funded dollar.
Decision guide
Best for your trader type
- Highest profit share
90% vs 50%
- Fastest to funded
No mandatory evaluation.
- Biggest scaling ceiling
Up to $150,000.
- Swing & overnight
Permits holding positions overnight.
- Fastest payouts
Weekly (after 5 profitable days) payouts.
| Attribute | Topstep Evaluation Based · est. 2012 | Wolverine Trading Firm Capital · est. 1994 |
|---|---|---|
| Cost | ||
| Evaluation fee | $49–$149/month (Trading Combine) | — |
| Monthly fee | Combine $49–$149; Funded $135/mo flat after first payout | — |
| Evaluation required | Yes | No |
| Instant funding | No | No |
| Capital | ||
| Profit split | 90% | 50% |
| Max allocation | $150,000 | Institutional only |
| Account sizes | $50K, $100K, $150K | Institutional only |
| Scaling | Scale via larger Combine accounts; no automatic in-account scaling. Up to 5 funded accounts. | — |
| Payouts | ||
| Frequency | Weekly (after 5 profitable days) | Annual bonus |
| First payout | 5 winning days, $0 trailing drawdown breach | — |
| Assets | ||
| Futures | Yes | Yes |
| Stocks | No | Yes |
| Options | No | Yes |
| Forex | No | No |
| Crypto | No | No |
| Trading rules | ||
| News trading | Yes | Yes |
| Overnight holding | No | Yes |
| Weekend holding | No | Yes |
| Copy trading | No | No |
| Technology | ||
| Platforms | TSTrader, NinjaTrader, TradingView, Quantower, Tradovate | Proprietary |
| Data feed | CME Group (real-time included) | — |
| Company | ||
| Headquarters | Chicago, USA | Chicago, USA |
About Wolverine Trading
Proprietary trading firm and designated market maker on multiple US exchanges, focused on options and equity derivatives.
Full Wolverine Trading profile →Trust & stability
Reputation and rule-change activity
Two added decision signals: a weighted reputation score from independent review sources, and a 90-day view of structural rule-change activity where monitored sources are available.
Reputation
canonical- Sources used
- 1
- Confidence
- medium
Weighted blend of independent trader-review sources. See methodology.
Rule Stability
last 90d- Last change
- —
- Type
- —
- Sources monitored
- —
- Status
- No changes detected in monitored sources
Weekly diff of the firm's published rule pages (terms, rules, FAQ, legal). "No changes detected" only means none of the monitored monitored sources changed — other surfaces (Discord, email, dashboards) are not covered. "Limited" or "unavailable" means our monitor cannot reach enough sources to make an honest call.
Reputation
Not enough independent rating sources to compute a canonical score yet.
Rule Stability
last 90dWe do not currently have enough monitored public rule sources for this firm to report rule-change activity honestly.
Frequently asked
Common questions
- Which has a higher profit split — Topstep or Wolverine Trading?
- Topstep pays 90%; Wolverine Trading pays 50% of trader profits once funded. Topstep pays a higher share to the trader.
- Is Topstep cheaper to start than Wolverine Trading?
- Topstep: evaluation from $49–$149/month (Trading Combine). Wolverine Trading: evaluation pricing varies.
- Which pays out faster — Topstep or Wolverine Trading?
- Topstep payouts: Weekly (after 5 profitable days). Wolverine Trading payouts: Annual bonus. First-payout eligibility: Topstep — 5 winning days, $0 trailing drawdown breach; Wolverine Trading — n/a.
- What's the maximum allocation at Topstep vs Wolverine Trading?
- Topstep scales up to $150,000. Wolverine Trading scales up to Institutional only.
- Can I trade news at Topstep or Wolverine Trading?
- Topstep: permits news trading. Wolverine Trading: permits news trading.
- Can I hold positions overnight at Topstep or Wolverine Trading?
- Topstep: does not allow overnight holds. Wolverine Trading: allows overnight holds.
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