TakeProfitTrader is a proprietary trading firm based in Orlando, United States, that provides funding to traders upon completion of their evaluation program. Specializing in futures trading, they aim to tap into the trader’s potential to generate a steady income. By earning a funded account, traders can demonstrate their market acumen while maintaining strict risk management and achieving consistent returns. TakeProfitTrader strives to support traders’ growth by providing a clear path to success, allowing them to refine their skills in a real-world trading environment without unnecessary obstacles.
The company offers traders outstanding educational resources and support materials, all accessible without charge. Their objective is clear: arm traders with the knowledge and tools necessary for astute trading decisions. Notably, their trading regulations stand out for their simplicity and effectiveness. By promoting the adoption of sound trading strategies, they foster a culture of safe and consistent trading, ensuring traders can reliably yield positive returns.
Traders can trade all CME, such as CBOT, CME, COMEX, and NYMEX Future assets, including the Micros. The range of instruments available with the TakeProfitTrader prop firm include:
- Equity Futures
- Foreign Exchange Futures
- Interest Rate Futures
- Metals Futures
- Agricultural Futures
- Energy Futures
Rules And Objectives
TakeProfitTrader establishes clear benchmarks for traders, setting specific profit targets while imposing maximum drawdown limits. These thresholds are tailored to the size of each trading account, ensuring a structured approach that balances growth potential with risk management.
TakeProfitTrader has a one-step evaluation program that requires 5 minimum trading days with a 6% profit target. Traders must reach these profit targets and maximum drawdowns.
These vary depending on the account size.
Some of their most important rules are listed below:
- 5 minimum trading days
- Traders must not exceed Daily Loss-limit
- Trailing drawdown calculated at the end of day
- No scaling during the evaluation process
- Traders are not permitted to exceed more than 50% of profits in 1 day
For an extensive list of rules and regulations, visit their website.
Account sizes before offered discounts are as follows:
TakeProfitTrader offers a clear and structured approach to prop trading. Traders select their desired account size based on their individual skill level and experience, as outlined in the detailed pricing tables provided.
To earn a funded account, traders must meet specific profit targets and follow a stringent set of rules during the evaluation process. Successful completion of this evaluation grants traders immediate access to a funded account, allowing them to start trading in the open market. These funded traders can retain 80% of their profits, providing a significant incentive for high performance.
For seasoned traders looking to increase their profit share, TakeProfitTrader offers an upgrade to the Pro+ account. This premium account allows traders to keep 90% of their profits, with the additional benefit of no daily loss limit. This tiered approach provides flexibility and rewards for traders at various stages of their trading journey.
Tools And Supports
Futures and prop trading carry significant risks, but TakeProfitTrader stands out for its robust risk management system. This system is designed to function as a reliable safety net, maintaining stability and structure throughout trading operations. It plays a crucial role in mitigating the inherent risks of trading in open markets, providing traders with an added layer of confidence and security.
The Private Discord Channel acts as an invaluable resource for traders looking to work in a community setting. It provides a platform for users to enhance their skills, exchange insights, and foster growth in the trading world. Through this community, traders can interact and share knowledge, while benefiting from the educational resources and expert guidance from the company’s seasoned professionals. With Pro+ accounts, the integrated risk management system offers robust protection, ensuring that traders can navigate the markets with added security.
There are certain limits on trading accounts, and these are dependent on the account sizes. The accounts and maximum number of contracts or micros are listed below:
- $25,000 – Max 3 contracts/30 micros
- $50,000 – Max 6 contracts/60 micros
- $75,000 – Max 9 contracts/90 micros
- $100,000 – Max 12 contracts/120 micros
- $150,000 – Max 15 contracts/150 micros
TakeProfitTrader’s profit-sharing system is designed to foster long-term success for its traders, providing a compelling incentive to consistently meet and exceed profit targets. The platform allows traders to retain 80% of their profits, with an even more lucrative 90% on Pro+ accounts, creating a substantial reward for those who excel. At its core, TakeProfitTrader’s mission is to empower traders while maintaining a stable of top-performing professionals, demonstrating a strong commitment to building a sustainable trading community.
TakeProfitTrader offers a robust selection of over 30 trading platforms, ensuring that users have a diverse range of interfaces to meet their unique trading needs.
For CQG Data Feed:
- NinjaTrader
- TradingView
- Tradovate
For Rithmic Data Feed:
- R-Trader
- Investor RT
- OScalp
- Quantower
- Photon Trader
- Atas
- Order Flow Trading
- Sierra Chart Trading and Charting
- Multi Charts
- Jigsaw
- Trade Navigator
- Net
- eSignal
- Motivewave
- Bookmap
- Agena
- Multi Charts
This wide range of platforms gives the trader the flexibility they need based on their trading styles.
- There are no minimum days of trading required to make the initial withdrawal.
- Withdrawal process is quick.
- Excellent range of futures instruments.
- Excellent range of tools/support/educational materials available.
- Pro+ accounts have three resets available.
- Excellent range of trading platforms.
- Offers and regular trading competitions with great offers.
- Realistic profit goals.
- No free trial available
- Futures trading only.
- Automated trading is not permitted.
- Holding positions overnight or during news is not permitted.
TakeProfitTrader stands out in the prop trading industry with a robust selection of instruments and a variety of funded account sizes. The firm offers straightforward terms, a wealth of educational resources, and ongoing support that cater to both novice and experienced traders. Although they currently focus on futures trading and do not permit overnight positions or automated trading, their dedication to continuous improvement and free educational content is commendable.
The firm’s flexible trading approach is one of its strongest features. With no minimum trading days, larger daily loss limits, and the allowance of news trading, traders have greater latitude to implement their strategies. This flexibility allows seasoned traders to capitalize on dynamic market conditions. TakeProfitTrader is deeply invested in nurturing and empowering successful traders, emphasizing a custom-tailored trading experience that meets individual needs.
Their risk management framework is designed to minimize risk while fostering disciplined trading practices. The tiered account structure, combined with a competitive profit split, makes TakeProfitTrader financially appealing in the futures prop trading landscape. Overall, the firm’s policies and support mechanisms reflect a clear focus on retaining skilled traders and encouraging their success.
For more insights into other futures prop firms, check out our comprehensive review of direct competitor TickTickTrader and other related industry comparisons.
