Take Profit Trader Review for 2024
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Last Updated: March 7, 2023
Take Profit Trader Review
Cost:
$150-$360
Free Trial: No
Trading Instruments:
Futures
Free Platforms: TradingView, Tradovate, NinjaTrader, Quantower, R | Trader
Pro Account Resets: Yes (up to 3)
Minimum Trading Days: 10
Minimum Days Until First Withdrawal: 0
Highlights:
- No minimum days until first withdrawal
- Immediate withdrawal process
- Pro account resets (up to 3)
- One-time pro account fee / no monthly fee
- Live support 11 hours per day
Take Profit Trader is a one-step, no-nonsense funding company. Our system and process will allow you to achieve your potential as a trader. Our platform is free of any frills or gimmicks and simplifies the process of making sustainable profits with Take Profit Trader capital.
Take Profit Trader Overview
Take Profit Trader, not to be confused with "take profit order," was started by a guy named James Sixsmith. James is a retired ice hockey player who started trading during his career to have more control over his financial future. As with any new trader, James initially lost nearly $150K; however, being an athlete helped him not quit and continue powering through the learning pains.
By learning how to trade and manage the emotions that go into trading, Mr. Sixsmith realized that he was not the only one who struggled with this at first while trading. Because of this realization, James started a Trade Context where he taught new and experienced traders by simplifying trading chaos.
Take Profit Trader was started as a platform with everything any trader would need to get funded and learn the ins and outs of trading. James is a strong believer in free quality education and now is including courses that used to be paid courses under Trade Context into Take Profit Trader free of charge.
Take Profit Trader rules are easy to follow as they are straightforward. However, the programs are not set up to have the traders hit reset marks and bank on that. This is one of the biggest separators of Take Profit Trader from its competitors.
How Take Profit Trader Works
The Take Profit Trader funding program model is straightforward and consists of 4 parts:
- Choose the asset class that you would like your evaluation to be in. This could be either Futures or Stocks. Once chosen, you must determine the capital size you would like to manage and register for the program. Ideally, this would be chosen based on the skills and experience that are under your belt.
- The next step is proof of your ability to trade. You will need to show Take Profit Trader that you are a solid trader, and that's where the rules come in. It would help if you reached the profit target while staying within the daily loss limit and drawdown. Once you prove your skills by following the rules set by Take Profit Trader, you become a qualified funded trader.
- Funded Trader account going live. Once you become a funded trader, your account becomes active, and you can start trading for real money immediately. Take Profit Trader signals that you should be fine with passing your evaluation and becoming a funded trader.
- You are making withdrawals from your funded trader account with Take Profit Trader. Many prop firms love to take your money quickly, but when it comes to withdrawals, they tend to drag their feet. Take Profit Trader seems to understand the urgency of traders to withdraw money and promises to process withdrawals faster than the competitors. You get to keep 80% of all of the profits that you make.
Take Profit Trader Programs
Asset Class Choices
Currently, Take Profit Trader asset classes only consists of Futures. The prop firm has Stocks, Forex, and Crypto marked as "coming soon..." Following Take Profit Trader programs will be exciting to see how the company grows into other asset classes and what additional features it will provide for its traders.
Account Sizes and Pricing
This section will be updated once Take Profit Trader gets into more asset classes. But for right now, the company is offering the following account sizes, which I found to be fairly common with other funded futures trader programs:
- $25K account
- $50K account
- $75K account
- $100K account
- $150K account
Once you become a Pro Trader, your monthly fees go away. Yup, you only have to pay a one-time set up fee of $130 and you are all set.
The table below breaks down the high-level rules and pricing for each account.
| Account Size | $25K | $50K | $75K | $100K | $150K |
|---|---|---|---|---|---|
| Profit Target | $1500 | $3000 | $4500 | $6000 | $9000 |
| Max Position Size | 3 Contracts / 30 Micros | 6 Contracts / 60 Micros | 9 Contracts / 90 Micros | 12 Contracts / 120 Micros | 15 Contracts / 150 Micros |
| Daily Loss Limit | $500 | $1100 | $1600 | $2200 | $3300 |
| EOD Trailing Drawdown | $1500 | $2000 | $2500 | $3000 | $4500 |
| Price | $150 / month | $170 / month | $245 / month | $330 / month | $360 / month |
Take Profit Trader Connectivity Options
There are over 30 trading platforms that are available for you to connect to. Regarding data feeds, Take Profit Trader recommends using CQG Data Feed over Rithmic Data Feed. Below let me go over the platforms that are available with each of the data feeds.
CQG Data Feed:
- NinjaTrader
- TradingView
- Tradovate
Rithmic Data Feed:
- R-Trader
- Quantower
- Motivewave
- Bookmap
- Agena
- Sierra Chart Trading and Charting
- Multi Charts
- Jigsaw Trading
- Order Flow Trading
- eSignal
- Investor RT
- Trade Navigator
- VolFix.net
- Photon Trader
- OScalp
- Atas
CQG Data Feed Set Up
It is worth mentioning about working with CQG Data Feed is that you must first log in to Tradovate to sign the market data agreements. The login information for your Tradovate account will be located inside the Take Profit Trader platform upon signing up for a test account.
Remember that once you open Tradovate for the first time to sign the agreement, you will have the option to select if you are signing up for a Professional or Non-professional account. Please sign up for the Non-professional account to avoid any issues.
Once you sign up, you can use charting software such as NinjaTrader, TradingView, or Tradovate. Your live market data feed should become available to you within 5 minutes.
Important Information for Using Rithmic Data Feed With Take Profit Trader
Before your trading test begins, you must download R Trader Pro from Rithmic. This will allow you to sign the market data agreements. If R Trader Pro is not installed on your computer, you must download it from the Rithmic website.
After you download R Trader Pro and install it, you will be asked to sign two mandatory agreements:
- Rithmic, LLC Market Data Subscription Agreement
- Rithmic, LLC Market Data Self-Certification
After signing both, you must select the "Non-Professional" option and hit Submit. Again, it would help if you took the time to read the agreements you are signing before agreeing to them.
Take Profit Trader Reviews and Social Media
Take Profit Trader on Trustpilot
Take Profit Trader Trustpilot's profile has 189 reviews, rating the company at 4.3/5.0 stars. The 5-star reviews comprised 75% of the total reviews received, while the 1-star reviews made up 11%. Take Profit Trader prop firm responds to negative reviews in less than two days on average. It has responded to 95% of negative reviews in total. Their Trustpilot profile was claimed in May of 2022 and is also verified.
Take Profit Trader Facebook
Take Profit Trader could be more active on their Facebook account and has been seen to post in batches. Either way, the company has a good 371 likes and 423 followers. A rating is also attached to their Facebook account, which displays a 4.6/5.0-star rating with 13 reviews.
Take Profit Trader Instagram
The Instagram account is more active than Facebook. For example, take Profit Trader has 211 Instagram posts that get shown to their 1,910 followers. The account has posts ranging from funded trader motivation to storytelling and announcements of deals.
Take Profit Twitter Account
The take Profit Twitter account is not the most active. The company has tweeted 43 times, has 89 followers, and its tweet frequency could be better (once or twice per month). Account seem to have been started in December of 2021.
Take Profit Trader Address and Contact Information
I did my best to get the most accurate information for you on Take Profit Trader. This info can be found below:
- Address 1: 1317 Edgewater Dr., Suite 3797, Orlando, FL, United States, 34804
- Support Email: support@takeprofittrader.com
- Founder: James Sixsmith
See more of The Best Funded Trader Programs for 2023
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