Topstep publishes four percentages from its own funnel for January through December 2025 — and they run on four different denominators, which is why almost everyone quotes them wrongly. What the disclosure says, what the rulebook underneath it says, and what recovery costs when the loss limit hits.
A limited-time 50K futures plan that keeps end-of-day drawdown after the evaluation — the one concession futures challenge buyers actually ask for. It is paid for in contract size, two extra minimum days and a consistency rule tightened from the standard Rapid's 50 percent to 30.
Angelo Ciaramello closed his futures prop firm and named the reason himself: no top platform option. A challenge seller owns its rulebook and rents the screen, and this is what that dependency looks like when it bites.