Direct Specification Matrix
BingX vs Topstep
Comprehensive side-by-side comparison of rules, prize structures, and trader experiences. Ratings calculated independently using identical public criteria.
Platform Type
crypto exchange
prop firm
Founded Year
2018
2012
HQ Country
SG
US
Tradable Markets
crypto, indices, commodities
commodities, indices, crypto
Competition Formats
volume based, deposit required, free, demo
paid entry, simulated live_data
Entry Barrier / Cost
Free / Demo available
$49 deposit required
Typical Prize Pools
$20,000 – $800,000 USDT
$50,000 – $1,000,000 USD
Max Leverage
Up to 1:150
Up to 1:20
Regulation Status
AUSTRAC & MSB Licensed
Pioneer Futures Prop Evaluation Firm (Chicago US)
Payout Track Record
VERIFIED
VERIFIED
Decision Summary: Which Should You Choose?
Choose BingX if:
- • You prioritize crypto, indices, commodities markets.
- • You prefer volume based, deposit required, free, demo formats.
- • You want access to free demo competitions.
Choose Topstep if:
- • You trade primarily on commodities, indices, crypto.
- • You value paid entry, simulated live_data structures.
- • You want access to high volume reward tiers.