If you’re looking for a comprehensive Take Profit Trader review, you’ve come to the right place. Based on our in-depth analysis, here’s everything you need to know about Take Profit Trader, a notable prop trading firm based in Orlando, Florida, USA.
Take Profit Trader Overview
Take Profit Trader is a proprietary (prop) trading firm based in Orlando, Florida, providing individuals with a unique opportunity to engage in futures trading without risking their personal capital. This firm offers a comprehensive set of features and benefits that set it apart from many of the other best prop trading firms.
The firm provides its traders with various free platforms to execute their trades, such as TradingView, Tradovate, NinjaTrader, Quantower, and R | Trader Pro. These platforms are popular for their diverse range of functionalities, including technical analysis, charting, backtesting, automated trading and more.
As part of its unique value proposition, Take Profit Trader offers an opportunity for traders to define the capital size they’ll manage, proving their trading skills to reach a profit target, and follow a set of risk rules. Upon verification of their skills, traders become funded and can start trading real money immediately.
These offerings place Take Profit Trader in competition with other prop trading firms, as it designs its platform and services to benefit the trader and provide them with the best possible experience. Unique features may include the number of trading days to “Pro Account,” no minimum days until the first withdrawal, the withdrawal process, contract limits, scaling plans, pro account resets, fees, and live support.
Instruments You Can Trade
Among the instruments you can trade with Take Profit Trader, you’ll find:
- Agricultural Futures
- Equity Futures
- Interest Rate Futures
- Foreign Exchange Futures
- Metals Futures
- Energy Futures
It is evident that Take Profit Trader offers a robust and attractive platform for traders, underpinned by a user-friendly system and beneficial conditions for profit-making. With its flexibility in account sizes, fair profit sharing model, and supportive infrastructure for traders, Take Profit Trader stands as a competitive choice for both beginner and seasoned traders alike.
Account Sizes and Leverage
The firm provides five different account sizes that traders can select, ranging from $25,000 to $150,000. This account size selection is designed to fit the skills and trading requirements of the traders. A subscription-based model is implemented with the cost varying depending on the account size. For the smallest account size of $25,000, the subscription cost starts at $150 per month and can go up to $360 per month for the largest account sizes.
The trading process at Take Profit Trader is divided into distinct stages. Once the traders have proven their skills and ability to follow risk rules, they are provided with funded accounts and can start trading immediately. Upon earning, traders can withdraw their profits and keep 80% of the profits. The firm further offers an option to upgrade to a PRO+ membership, offering a more advantageous profit split of 90/10.
In addition to these offerings, Take Profit Trader provides a pathway for traders to start earning money once their skills are verified. This process involves reaching a profit target while proving adherence to a simple set of risk rules. Traders can begin trading with real money immediately upon approval, without any downtime, reflecting the fast-paced nature of the financial trading industry.
Importantly, Take Profit Trader places emphasis on the withdrawal process, recognizing its importance to the trader. They promise to send profits where directed by the traders, which is a crucial factor for traders when considering how your business can leverage prop trading for financial growth.
Is Take Profit Trader Legit?
An essential aspect of any trading firm review is the firm’s legitimacy. Remember, many of the commercial banks you have heard of, such as JP Morgan Chase or Bank of America, are prohibited from engaging in prop trading under the Volcker Rule. Because of this, smaller, more specialized firms like Take Profit Trader, have emerged to fill the gap left by these larger institutions. From the information we’ve gathered, Take Profit Trader is a legitimate and reputable trading firm. The firm’s practices and policies are transparent, allowing traders to have full confidence when trading.
Moreover, reviews on Trustpilot attest to the firm’s excellent customer service, daily withdrawal feature, and engaging, informative daily emails. The firm is rated “Excellent” with 4.4 out of 5 stars on Trustpilot. However, like any other company, there were also a few negative reviews, some of which claim changing goal posts for passing the evaluation and poor communication with customers.
Take Profit Trader Review: The Verdict
Take Profit Trader represents a significant opportunity for traders to take advantage of the Futures market. The ability to trade across a wide range of instruments, along with different account sizes to suit various trading capacities, positions Take Profit Trader as an excellent option for traders.
However, it’s crucial to conduct thorough research and consider various factors before committing to any trading firm. While this Take Profit Trader review provides an overview of the firm’s offerings, traders should evaluate their individual needs, financial situation, and risk tolerance to make an informed decision.
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