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:
- What Is Take Profit Trader
- What Can You Trade With Take Profit Trader?
- What Are The Take Profit Trader Account Sizes?
- What Is The Take Profit Trader Leverage?
- How Much Is The Take Profit Trader Payout?
- Take Profit Trader Reviews
- Take Profit Trader Programs Goals And Rules
- Take Profit Trader EAs/Algos/Bots
- Take Profit Trader Free Trial
- Take Profit Trader Free Repeat
- Take Profit Trader Coupon / Promo Code / Discount
- Take Profit Trader Platforms
- Take Profit Trader Trading Hours
- Take Profit Trader News Trading
- Is Take Profit Trader Legit?
- Take Profit Trader Alternatives
- Recap
- Learn More
What Is Take Profit Trader
Take Profit Trader is a prop firm located in Orlando, Florida, USA.
What Can You Trade With Take Profit Trader?
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:
- Equity Futures
- Foreign Exchange Futures
- Agricultural Futures
- Energy Futures
- Interest Rate Futures
- Metals Futures
What Are The Take Profit Trader Account Sizes?
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.
What Is The Take Profit Trader Leverage?
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) |
How Much Is The Take Profit Trader Payout?
Take Profit Trader has a 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.
Take Profit Trader Reviews
According to Trustpilot, Take Profit Trader is classified as excellent. It’s scoring 4.3/5.0 after 317 reviews.
Take Profit Trader Programs Goals And Rules
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:
- Minimum days to trade: 10 trading days
- Challenge duration: There’s no maximum time to trade, you can take the time that you want.
- Profit target: 6%
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.
Take Profit Trader EAs/Algos/Bots
Unfortunately, automated trading bots are not allowed by Take Profit Trader. They state they are looking for discretionary traders.
Take Profit Trader Free Trial
There’s no free trial, but you can get a 50% off discount if you use the link and code below.
Take Profit Trader Free Repeat
There are no free repeats, but there’s a free reset option for funded accounts. After you pass the test and get funded, you can reset your funded account up to 3 times.
Take Profit Trader Coupon / Promo Code / Discount
Take Profit Trader gave me a special code just for my readers, and this includes you. When you use it, you get a 50% off on your purchase. Use the link below to get it, and if necessary, use the coupon code LFT50 during the checkout.
Take Profit Trader Platforms
Take Profit Trader supports the popular NinjaTrader to trade.
Besides that, Take Profit Trader also supports the most popular futures trading platforms:
- Ninjatrader – free license
- Tradovate – free license
- Rithmic R|Trader – free license
- TradingView – free license
- Quantower – free license
- Agena Trader
- Bookmap
- Order Flow Trading
- ESignal
- Investor RT
- MotiveWave
- Jigsaw Trader
- MultiCharts
- Photon Trader
- Trade Navigator
- Q Scalp
- Volfix
Take Profit Trader Trading Hours
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).
Take Profit Trader News Trading
Trading during news is not allowed. All positions must be closed 1 min 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 min after the news.
If you like to trade news, then this may be a good prop firm for you if you can wait 1 min after the news releases. You just need to be careful and have good risk management. Learn how to calculate your maximum lot size wisely.
Is Take Profit Trader Legit?
Yes, Take Profit Trader is a legit company.
Here are their contacts:
- Address: 1317 Edgewater Drive #3797 Orlando, FL 32804
- Email: support@takeprofittrader.com
There’s also live chat support on their website.
Take Profit Trader Alternatives
Here is a list of the best Take Profit Trader alternatives:
For more alternatives check our alternative prop firm tool:
Get Alternatives To Any Prop Firm
Recap
- Take Profit Trader is a prop trading firm based in the USA.
- You can get a funded account with up to $150,000 in balance and an 80% profit split payout.
- To get access to a funded account you need to pass an evaluation, with different rules depending on the account size you want to apply to.
- You can trade Futures.
- The most popular Futures platforms are available to trade including NinjaTrader.
Learn More
- What is prop trading
- List of the best prop trading firms
- Compare any prop firm
- The best Futures prop firms
