Commissions at Topstep Brokerage are charged per side, per contract, on filled orders. You pay a commission when an order fills to open a position, and again when an order fills to close it.
Because commissions are charged per contract, you can calculate the commission on a trade before you place an order.
What You'll Learn
How commissions are charged when you enter and exit a trade
The current introductory commission rates for each contract type
What "round-turn" means and how to estimate the commission on a trade
Please note that the commission rates below are introductory and are subject to change.
Introductory Commission Rates
Contract Type | Commission per Side per Contract | Round-Turn Commission per Contract (Entry and Exit) |
Standard / Mini | $0.50 | $1.00 |
Micro | $0.25 | $0.50 |
E-nano | $0.25 | $0.50 |
Note: A round-turn is one opening fill and one closing fill for the same contract, such as a buy followed by a sell. Commissions are charged only on filled contracts. Orders that are canceled or never fill don't incur a commission.
Frequently Asked Questions
Am I charged a commission when I open and close a position?
Yes. Each filled order counts as one side. You're charged once when your opening order fills and once when your closing order fills, per contract.
What does "round-turn" mean?
A round-turn is a completed open and close of a position, such as a buy and then a sell. The round-turn commission is the per-side commission times two.
Am I charged for orders that are canceled or don't fill?
No. Commissions apply only to contracts that actually fill.
How do I estimate the commission on a trade with more than one contract?
Multiply the per-side commission for that contract type by the number of contracts, then by the number of sides (two for a full entry and exit).
If you have any questions about commission rates, please contact our Support Team.