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Take Profit Trader Review 2024

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Take Profit Trader Review 2024
AffiliateFutures TradingCGQ Data FeedNo Time LimitRithmic Data FeedNo Payout Frequency
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Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Take Profit Trader
Founded:2021
Headquarter:Orlando, Florida
Min Price:$150
Max Fund:$150,000
Challenges:1
About
Take Profit Trader is a US-based prop firm providing $25K - $150K funded accounts for retail traders. The firm offers 40+ Futures instruments on NinjaTrader, Tradovate, and 15 more platforms. The commission is $5 per round trip, and the evaluation has one step. The PRO and PRO+ accounts come with 80% and 90% profit splits.
Contact
TakeProfitTrader LLC 1317 Edgewater Drive #3797 Orlando, FL 32804
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
24/7 support
Rapid funding
Immediate withdrawals upon receiving a PRO account
Flexible platform options
Cons
Limited instruments
Trading bots are not allowed
No demo account
Limited account sizes

Take Profit Trader specializes in Futures trading and offers funded accounts, ranging from $25K to $150K, to retail traders. You can start withdrawing profits in an 80:10 ratio upon passing the 1-step evaluation test. But what are other Take Profit Trader prop firm rules?

We’ll explore challenge accounts, prices, trading conditions, platforms, markets, company history, withdrawal methods, customer support, and many more in this Take Profit Trader review.

Take Profit Trader (Prop Firm Information)

Take Profit Trader
A prop firm with Live funded accounts and an annual trader success rate of 20.37%

TakeProfitTrader LLC is a US-based proprietary trading firm specializing in futures contracts. The company was founded in 2021 by CEO James Sixsmith, founder of “Trade Context”. Key features of Take Profit Trader:

  • Funding in just 5 days;
  • Up to 90% profit split;
  • 15+ trading platforms;
  • Futures trading;
  • Tiered reward system.

Take Profit Trader Specifications

TPT offers a range of account specifications to suit different trading styles and risk appetites. Here's a breakdown of the prop firm’s key offerings.

Account currency

USD

Minimum price

$150

Maximum leverage

1:1

Maximum profit split

90%

Instruments

Futures

Assets

40+

Evaluation steps

1-Step

Withdrawal methods

ACH, Bank Wire, PayPal

Maximum fund size

$150K

First profit target

6%

Max. daily loss

2.2%

Challenge time limit

Unlimited

News trading

Yes (with certain conditions)

Maximum total drawdown

6%

Trading platforms

15+ (CGQ Data Feed and Rithmic Data Feed)

Commission

Variable based on the account phase, instrument, and platform

TrustPilot score

4.5

Payout frequency

No limit

Established country

USA

Take Profit Trader Prop Firm Advantages and Disadvantages

Focusing exclusively on futures markets and providing a wide range of trading platforms position TPT as a suitable firm for retail traders. However, Take Profit Trader has weaknesses, too.

Pros

Cons

Rapid funding

Limited account sizes

Immediate withdrawals upon receiving a PRO account

Limited instruments

Flexible platform options

No demo account

24/7 support

Trading bots are not allowed

Take Profit Trader Challenge Pricing

Take Profit Trader Challenge Cost
Account charges are recurring, and you should pay the fee again after 30 days

TPT has a single funding plan with 5 different account balances, catering to traders with all budget levels. The funding plan consists of 3-steps: Test, PRO, and PRO+. You start getting paid upon reaching the PRO phase. However, you must pay a $130 activation fee for the PRO account.

Account Size

Price (Monthly)

$25K

$150

$50K

$170

$75K

$245

$100K

$330

$150K

$360

Take Profit Trader Registration and Verification

Registering and getting verified with Take Profit Trader is a straightforward process designed to get you trading as quickly as possible.

  1. Visit the TPT’s website at “https://takeprofittrader.com/”;
  2. Click “Get Started Now”;
  3. Choose a plan and click “Start Now”;
  4. Provide your email address and set a password for your account;
  5. Click the confirmation link sent to your email;
  6. Login to the client portal and click “Verify My Identity”;
  7. Select your country, provide a phone number and your full name;
  8. Verify your phone number by providing the OTC sent by SMS;
  9. Provide proof of identity (passport or driving license) and proof of address (utility bill or bank statement).

Take Profit Trader Prop Firm Rules

You’ll find a dedicated topic for trading rules in all of the Take Profit Trader reviews. This showcases the importance of this matter since it’s the cornerstone of your trading journey.

Features

Profit Target

Max Position Size

Daily DD

EOD Trailing DD

$25K

$1500 (6%)

3 Contracts / 30 Micros

$500 (2%)

$1500 (6%)

$50K

$3000 (6%)

6 Contracts / 60 Micros

$1100 (2.2%)

$2000 (4%)

$75K

$4500 (6%)

9 Contracts / 90 Micros

$1600 (2.1%)

$2500 (3.3%)

$100K

$6000 (6%)

3 Contracts / 30 Micros

$2200 (2.2%)

$3000 (3%)

$150K

$9000 (6%)

3 Contracts / 30 Micros

$3300 (2.2%)

$4500 (3%)

Take Profit Trader Promo Codes and Bonuses

TPT offers a comprehensive reward system and occasional promotional codes to help traders get started with their platform at a discount.

  • NOFEE40”: Use the code to get a 40% lifetime discount on all accounts and skip the PRO account activation fee;
  • 50AND100”: Enjoy 50% off on the account’s monthly fee and a refund on the initial fee upon making your first withdrawal;
  • Reward System: Earn TPT points by completing various tasks and use your credits to get free test resets, test accounts, and an exclusive $50K PRO account.
Take Profit Trader Reward System
Passing the test gets you 250 points, and each $1 spent will result in 1 additional point

Take Profit Trader Prop Firm Trading Instruments

YPT focuses on futures contracts and provides 40+ trading instruments across esteemed exchanges, including NYMEX, COMEX, CME, and CBOT. Some of the available Futures instruments on Take Profit Trader:

Symbol

Description

Exchange

6A

Australian Dollar Futures

CME

6B

British Pound Futures

CME

6E

Euro FX Futures

CME

CL

Crude Oil Futures

NYMEX

GC

Gold Futures

COMEX

HG

Copper Futures

COMEX

M6E

Micro EUR/USD Futures

CME

YM

E-mini Dow ($5) Futures

CBOT

ZF

5-Year T-Note Futures

CBOT

Take Profit Trader Payment Methods

TPT offers a variety of deposit/withdrawal methods to accommodate traders from different regions and with different preferences.

  • Deposit: Debit/Credit Cards and PayPal;
  • Withdrawal: ACH, Bank Wire, and PayPal.

Deposits are typically processed instantly, while withdrawals are handled within 1-2 business days. While there are no minimum withdrawal limits, your account must be in the buffer zone in order to make a request. TPT buffer zone:

  • Account balance + Total drawdown.

Take Profit Trader Trading Costs

The prop firm charges a $5 commission per round trip per contract for all contracts on test and PRO accounts. The fee for micros is $0.50 for these two phases. However, the PRO+ account commissions differ based on the platform.

  • NinjaTrader: $1.29 per round trip;
  • Tradovate: $1.29 for standard contracts and $0.35 for micros.

TPT uses market spreads and adds no additional markups. Note that platforms may have additional activation fees.

Take Profit Trader Reviews

Take Profit Trader TrustPilot
10% of TrustPilot reviews has rated TPT as a 1-star prop firm

User satisfaction is one of the most important topics in all of the Take Profit Trader reviews. The firm has garnered significant attention in the prop trading community, with reviews painting a largely positive picture.

2,204 TrustPilot users have rated the firm, with 81% of them giving 5-star ratings (the highest score). TPT has scored an excellent rating of 4.5 out of 5

Take Profit Trader Customer Support

One area where TPT truly shines is its customer support. The firm offers 24/7 support through email, live chat, and a dedicated ticket system.

Email

support@takeprofittrader.com

Live Chat

Available on the official website

Ticket

Through the “Contact Us” form

Take Profit Trader Prop Firm Social Media Handles

While specific social media handles aren’t provided on the TPT website, we found a related YouTube channel and a Facebook profile.

  • YouTube: https://www.youtube.com/@takeprofittraderllc/
  • Facebook: https://www.facebook.com/takeprofitrader/
  • Instagram: https://www.instagram.com/takeprofittrader/

Expert suggestions

Take Profit Trader provides proprietary trading services on 40+ Futures instruments listed on reputable exchanges like COMEX, NYMEX, and CBOT.

Take Profit Trader prop firm supports 15+ platforms, including TradingView, NinjaTrader, and Tradovate. Share your thoughts about the Take Profit Trader review in the comments.

FAQs

How long does it take to get funded?

Traders can reach a funded PRO account in as little as 5 days.

What is the profit split?

TPT offers an 80/20 profit split on the PRO and a 90% share on the PRO+.

Can I trade on multiple platforms with Take Profit Trader?

Yes, TPT supports over 15 compatible trading platforms, offering flexibility for various trading styles.

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