Take Profit Trader is a proprietary trading firm that has been gaining significant attention in the futures trading industry. This comprehensive review aims to provide traders of all levels with a detailed understanding of what Take Profit Trader offers and how it compares to its competitors.
Founded in 2022 and headquartered in Orlando, Florida, Take Profit Trader has quickly become a notable player in the prop trading space. Despite its recent inception, the firm has received significant attention and positive feedback from the trading community due to its focus on futures trading and trader-centric policies.
Account Types and Funding
Take Profit Trader offers five account sizes to suit various trader needs:
25k Account Best Value
Max Position Size: 3 Contracts / 30 Micros
Daily Loss Limit: $500
EOD Trailing Drawdown: $1500
50k Account Best Seller
Max Position Size: 6 Contracts / 60 Micros
Daily Loss Limit: $1100
EOD Trailing Drawdown: $2000
75k Account
Max Position Size: 9 Contracts / 90 Micros
Daily Loss Limit: $1600
EOD Trailing Drawdown: $2500
100k Account
Max Position Size: 12 Contracts / 120 Micros
Daily Loss Limit: $2200
EOD Trailing Drawdown: $3000
150k Account
Max Position Size: 15 Contracts / 150 Micros
Daily Loss Limit: $3300
EOD Trailing Drawdown: $4500
The funding process involves a single-step evaluation where traders must achieve a 6% profit target within a minimum of 5 trading days, with no maximum time limit. Monthly subscription fees range from $150 to $360, depending on the account size.
Support and Customer Service
Profit Sharing and Withdrawals
Take Profit Trader offers an attractive profit-sharing model:
- Initial profit split: 80/20 (trader keeps 80%)
- Pro+ level profit split: 90/10 (trader keeps 90%)
The firm is known for its rapid payout process, allowing traders to request payouts from the first day of trading in PRO accounts. The withdrawal process is immediate, providing quick access to profits.
Trading Conditions
The firm operates on a 1:1 leverage model, encouraging responsible risk management. Traders can trade a variety of CME (CME, CBOT, NYMEX, COMEX) futures products, including equity, foreign exchange, agricultural, energy, interest rate, and metals futures
What Else You Need to Know
Additional Features
- Multiple accounts: Traders can use multiple Test accounts simultaneously, and copy trading is permitted on both Test and PRO accounts. However, only one PRO account can be active at a time.
- PRO account resets: Funded accounts can be reset up to three times, providing additional opportunities for traders.
Trading Platform and Tools
The firm generally recommends using the CQG Data Feed over the Rithmic Data Feed for optimal performance.
| Platform | License Type |
|---|---|
| NinjaTrader | Free |
| Tradovate | Free |
| TradingView | Free |
| Quantower | Free |
| R | Trader Pro | Paid |
| Bookmap | Paid |
| MotiveWave | Paid |
| MultiCharts | Paid |
| Jigsaw Trading | Paid |
| Sierra Chart | Paid |
Educational Resources and Training
Take Profit Trader offers a private Discord channel where traders can connect, share insights, and access educational content curated by experienced trading professionals. This initiative fosters a sense of community and supports trader development and growth.
Conclusion
Take Profit Trader is a strong contender in the futures prop trading space, especially for day traders. The firm’s rapid payout system, variety of supported platforms, and attractive profit-sharing model set it apart from many competitors. The single-step evaluation process and flexibility in achieving profit targets are trader-friendly features.
While there are some restrictions, such as no overnight or weekend trading and the lack of automated trading options, Take Profit Trader’s overall offering is compelling. The firm’s commitment to fast payouts and trader success is evident in its policies and practices.
