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Take Profit Trader: Reviews And In-Depth Analysis

Take Profit Trader

Rating: 4.8

REVIEW SUMMARY

Take Profit Trader is a Futures prop firm, located in Orlando, Florida, USA. It was founded in 2022. Read the full Take Profit Trader review

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: Ninjatrader, Tradovate, Rithmic R|Trader, TradingView, Quantower, Bookmap, Investor R/T, MotiveWave, Jigsaw Trader, MultiCharts, Trade Navigator, Volfix, Finamark, and ATAS

PROS & CONS

What I like:

  • The fastest payment processing in the prop firm world.
  • Only 5 days to get a funded Pro account.
  • Pro+ accounts are real accounts with real funds sent to the exchange, unlike other firms that fund you in a simulated environment.
  • You can get up to 90% profit split.
  • Up to 3 funded trading accounts.

What could be improved:

  • The drawdown from funded accounts trails with your open in real time.
  • Only day trading is allowed.

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

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 BalanceMaximum number of contracts
$25,0003 (30 micros)
$50,0006 (60 micros)
$75,0009 (90 micros)
$100,00012 (120 micros)
$150,00015 (150 micros)

How Much Is The Take Profit Trader Payout?

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.

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: 5 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 CapitalMax Daily LossMax 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% 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.

ninjatrader logo

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
  • Bookmap
  • Investor R/T
  • MotiveWave
  • Jigsaw Trader
  • MultiCharts
  • Trade Navigator
  • VolFix
  • Finamark
  • ATAS

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 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.

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 up to a 90% 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

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