What You'll Learn
Which Futures Commission Merchant (FCM) clears Topstep Brokerage accounts
Plus500US's regulatory status with the CFTC and NFA
Why your bank or card statement may show "Plus500US" instead of Topstep Brokerage
What to do if you see an unrecognized Plus500US charge
Topstep Brokerage clears all accounts through Plus500US Financial Services LLC, a Futures Commission Merchant (FCM) and clearing firm. Plus500US is registered with the U.S. Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association.
You can learn more about Plus500US by visiting their website.
What Will Appear on Your Bank Statement
When you fund your Topstep Brokerage account, your bank or card statement will typically show the debit under Plus500US rather than Topstep Brokerage. This reflects Plus500US's role as the FCM providing clearing, order routing, and risk-management for these accounts.
If you notice an unrecognized charge from Plus500US and believe it may be associated with Topstep Brokerage, please contact our Support Team for assistance.
FAQ
What is an FCM, and why does Topstep Brokerage use one?
A Futures Commission Merchant (FCM) is a CFTC-registered firm that handles clearing, order routing, and risk management for futures accounts. Topstep Brokerage works with Plus500US Financial Services LLC for these functions.
Is Plus500US regulated?
Yes. Plus500US is registered with the CFTC and is a member of the NFA. You can learn more about Plus500 by visiting their website.
Why does my statement show "Plus500US" instead of Topstep Brokerage?
Because Plus500US is the FCM that processes your account funding, your bank or card statement will typically reflect that name.
Questions about your account or a Plus500US charge? Contact the Support Team — we're happy to help.