Commissions and fees to trade
Futures trading has transactional costs: exchange fees, regulatory fees, and commissions. These vary by product and contract type and apply to every trade. Orders are routed through our Futures Commission Merchant (FCM) partner, Plus500.
Low commissions cost
Commissions, standard Exchange and NFA fees are charged per contract, and apply to all filled orders (entry and exit). Other fees may be incurred; all fees are subject to change.
- Per side = cost to buy or sell
- Round turn = full cost to buy and sell
*Exchange fees are available on their website.
NFA fees and exchange fees
The National Futures Association (NFA) and exchanges set their respective fees. Exchange-set fees may vary by product. These fees are paid directly to the NFA and exchanges by the FCM as part of your transaction costs, and they will appear in your account statements.
Cost breakdown by asset class and product
Exchange fees are based on the most recent CME non-member rates as of July 23, 2025. Fees may vary over time. For the latest pricing, refer to CME Group fee schedules.
Frequently asked questions
No. Topstep Brokerage does not charge additional platform or routing fees. The only transaction costs are the commissions, exchange fees, and regulatory fees as outlined above.
If your account falls below the Firm required minimum or your position breaches established margin or risk thresholds, it may be automatically liquidated. In that case, a $10 liquidation fee per contract will apply.
However, trader-defined risk management settings in TopstepX can be set to trigger a market order to flatten a position. The risk management liquidations do not incur a fee. You are still subject to a $10 liquidation fee per contract if your risk management settings are set to a higher risk threshold than the Firm’s or established requirements.
Yes, and exchange fees vary by product and contract type. This includes whether the contract is standard, mini, or micro. You can view a full fee breakdown by product and exchange here.