REVIEW SUMMARY
Trade The Pool is a Stocks prop firm, located in Israel. It was founded in 2016.
FEATURES
Instruments: .
Max balance: $160,000
Profit split: up to 70%
Cost: from $97
Platforms: Proprietary, Web, EdgeProX.
PROS & CONS
What I like:
What could be improved:
Trade The Pool is a prop trading firm located in Israel.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from Trade The Pool.
Here’s what you’re going to learn:
Trade The Pool is a prop firm located in Israel. It was founded in 2016 so it already has some experience with funding traders.
It was created to fund traders who love to trade the stock market. With basically no competition and an impressive selection of 12,000+ Stocks and ETFs, this can be a good company to fund your stocks trading account. You can even trade Penny Stocks if you are a fan of high volatility on emerging companies.
Trade The Pool is a prop firm that funds traders to trade Stocks.
Here’s a list of all of the instruments:
All these stocks and ETFs are from the US Stock Market, the most popular market to trade, and that covers the necessities of the vast majority of stock traders.
It would be good though to have the possibility of trading in other markets. I’m pretty sure that traders from all over the world like Europe, India, Brazil, and several other countries and zones, would like to be able to trade their local stock market.
Trade The Pool funds traders with three different account balances. Besides that, you also have the option to choose between a Day Trading account or a Swing Trading account.
Let’s start with the Day Trading accounts.
Their balances, or let’s say more correctly, buying power, go from $20,000 up to $160,000.
To gain access to a funded account you need to pass a 1-phase evaluation process. The price of the evaluation is different according to the account size that you are applying to.
The prices of the smaller funded account start at $97 and go up to $475 for the bigger account.
Now, let’s look at the Swing Trading accounts.
The buying power reduces significantly on these ones. The smaller one has $3,000 while the bigger one has $24,000.
The process to gain access to a funded trading account is the same as in the day trading accounts. You need to pass a one-step challenge. More on this later in this article.
The prop firm account sizes are already the final buying power, so no leverage needs to be applied there.
The profit split is 50% for the smaller account and grows up to 70% for the bigger account. There are other prop firms with higher payouts, but we can say that this is pretty much the industry standard.
According to Trustpilot, Trade The Pool is classified as great. It’s scoring 4.1/5.0. It just doesn’t have many reviews, only 16 at the time I took this screenshot.
To pass the Day Trading Evaluation you have a profit target to achieve within 45 days of trading. You also need to avoid exceeding a maximum drawdown and daily loss.
Here are all the details:
If you are more into Swing Trading, the rules are a bit different here. Instead of 45 days, you now have 100 days to pass the evaluation process. That kind of makes sense since you probably take less trades when you are swing trading, than if you were day trading.
You also have a maximum daily loss and maximum drawdown to avoid in order to pass the challenge.
Here are the details for the swing trading evaluation phase:
If you like to use EAs to trade, Trade The Pool is a great prop firm for you. They allow EAs although some types of strategies are banned.
These include arbitrage trading or copy trading.
Trade The Pool offers a 14-day free trial right now. Use the button below to access it.
Trade The Pool doesn’t provide free repeats. You can reset your account though, by paying a reset fee.
Trade The Pool gives you access to the Trader Evolution trading platform and a brand-new web platform that can also be used on your Mac.
Holding trades overnight is now allowed! You can hold your position open either during the week or during the weekend.
But there’s a catch. During the night, your exposure to the market must be smaller than during the day. You’re only allowed to use 10% of your buying power at night. If you don’t follow this rule, the system will automatically close positions that exceed the maximum allowed exposure.
There are no restrictions on news trading. You just need to be careful with the volatility, but if you’re like me, those are the best times of the day to trade. Just don’t exceed your maximum safe lot size and manage your trades properly.
Here are all the payment types accepted by Trade The Pool:
Yes, Trade The Pool is a legit company.
Here are the contacts to reach them:
You can also contact them through the live chat on their website.
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