REVIEW SUMMARY
Take Profit Trader is a Futures prop firm, located in Orlando, Florida, USA. It was founded in 2022.
FEATURES
Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.
Max balance: $150,000
Profit split: up to 90%
Cost: from $150/month
Platforms: TradingView, NinjaTrader, Tradovate, Rithmic, Volfix, ATAS, Quantower, TradeNavigator, MultiCharts, MotiveWave, RInvestor, Bookmap X-Ray, Jigsaw Daytradr, Finamark.
PROS & CONS
What I like:
What could be improved:
Take Profit Trader is a prop trading firm located in the USA.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from Take Profit Trader.
Here’s what you’re going to learn:
Take Profit Trader is a prop firm located in Orlando, Florida, USA.
Take Profit Trader is a prop firm that funds traders to trade Futures. You can trade all CME (CME, CBOT, NYMEX, COMEX) Futures assets, including the Micros.
Here’s a list of all of the instruments that you can trade with Take Profit Trader:
Take Profit Trader has five different account sizes that you can choose from. The balances available are $25,000, $50,000, $75,000, $100,000, and $150,000.
The costs start at $150 per month for the smallest account and go up to $360 per month for the bigger account size.
There’s no leverage, the trading account balance is the buying power, meaning that the leverage is 1:1.
Your limits are defined by the maximum number of contracts that you can trade, which depends on your account size and profit.
| Account Balance | Maximum number of contracts |
|---|---|
| $25,000 | 3 (30 micros) |
| $50,000 | 6 (60 micros) |
| $75,000 | 9 (90 micros) |
| $100,000 | 12 (120 micros) |
| $150,000 | 15 (150 micros) |
Take Profit Trader has an initial profit split of 80/20. This means that the trader gets 80% of the profits and the prop firm keeps 20% of the profits to them. However, when you reach the Pro+ level, the profit split increases to 90/10, meaning that you get 90% of the profits for yourself.
According to Trustpilot, Take Profit Trader is classified as excellent. It’s scoring 4.3/5.0 after 317 reviews.
Depending on the account size that you are trading, you have different profit target goals and maximum drawdowns to avoid.
These rules are the same regardless of the account size that you’re applying to:
Besides those rules, you also have a maximum daily loss and end-of-day trailing drawdown limits that are different depending on the account size. Here they are:
| Starting Capital | Max Daily Loss | Max EOD Drawdown |
|---|---|---|
| $25,000 | $500 (2%) | $1,500 (6%) |
| $50,000 | $1,100 (2.2%) | $2,000 (4%) |
| $75,000 | $1,600 (2.1%) | $2,500 (3.3%) |
| $100,000 | $2,200 (2.2%) | $3,000 (3%) |
| $150,000 | $3,300 (2.2%) | $4,500 (3%) |
Important to mention that this prop firm’s evaluation has one single step, unlike other firms that typically have two steps.
Unfortunately, automated trading bots are not allowed by Take Profit Trader. They state they are looking for discretionary traders.
There’s no free trial, but you can get a 40% discount if you use the link and code below in the button.
There are no free repeats or free reset options at this moment for funded accounts. After you pass the test and get funded, you can reset your funded account up to 3 times, but it’s not free.
Take Profit Trader gave me a special code just for my readers, and this includes you. When you use it, you get a 40% off on your purchase. Use the link below to get it, and if necessary, use the coupon code LFT50 during the checkout.
The activation fee is also temporarily waived, get the promo while it lasts.
Take Profit Trader supports the popular NinjaTrader to trade.
Besides that, Take Profit Trader also supports the most popular futures trading platforms:
Holding trades after the close of the day is not permitted. All positions must be closed before 5:00 PM ET, or earlier if the market close of that product is before that time. Trading can be resumed by 6:00 PM ET time.
Leaving positions open for the weekend is also not allowed.
Take Profit Trader is aligned with day traders and day trading strategies. If you have a different trading style, you may want to check an alternative (more below in this article).
Trading during news is not allowed. All positions must be closed 1 minute before important news releases, more specifically: FOMC, Non-Farm Payroll, and CPI. Besides that, Oil cannot be traded during Crude Oil inventories news and Bonds cannot be traded during bond auctions. Trading can be resumed 1 minute after the news.
If you like to trade news, then this may be a good prop firm for you if you can wait 1 minute after the news releases. You just need to be careful and have good risk management. Learn how to calculate your maximum lot size wisely.
Here are all the payment types accepted by Take Profit Trader:
Yes, Take Profit Trader is a legit company.
Here are their contacts:
There’s also live chat support on their website.
Here is a list of the best Take Profit Trader alternatives:
For more alternatives check our alternative prop firm tool:
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