Take Profit Trader makes becoming a funded futures trader easy. You choose an account size that suits you. After purchasing a subscription you need to show your trading skills by meeting profit targets while following risk rules. Once you do that you will get “PRO” trader status and access to a funded account. Then you can trade with real money and keep 90% of your profits. For even more benefits you can upgrade to PRO+ which removes daily loss limits and gives you 90% profit share.
Funding Options
Take Profit Trader has different evaluation programs to suit your trading style. When you join you get a certain amount of capital for both Test and PRO Accounts. The company has robust risk management in place to encourage disciplined trading. Importantly any losses on PRO Accounts are covered by Take Profit Trader not you the trader.
Test Account Details
Test accounts are a trial period for PRO accounts, so Take Profit Trader can evaluate your trading. These are the default accounts that show up when you join the company. You can access your Test accounts and view performance through the Control Centre. If you reset an account it will show up below the first listed account.
PRO Account Details
Once you pass the trading test you can get a PRO account and start earning real money. Switching between Test and PRO accounts is easy via the tab at the top of the Take Profit Trader website. Your PRO account uses the same login and license key as your Test account. Each PRO account can be reset 3 times so you don’t have to test again.
- Agricultural futures
- Equity futures
- Interest rate futures
- Foreign exchange futures
- Metals futures
- Energy futures
You can focus on the markets you are most comfortable with and have a strategy for.
Account Sizes and Pricing
Account sizes from $25,000 to $150,000. Monthly subscription from $150 to $360. PRO Accounts one time fee and 3 resets. No recurring payments.
Profit Targets
Each account size has its own profit target:
- $25,000 account: 3 contracts, $1,500 target
- $50,000 account: 6 contracts, $3,000 target
- $75,000 account: 9 contracts, $4,500 target
- $100,000 account: 12 contracts, $6,000 target
- $150,000 account: 15 contracts, $9,000 target
These targets are achievable and industry standard.
Risk Management Rules
Take Profit Trader has daily loss limits to encourage responsible trading. These limits vary per account size and protects both you and the company from big losses. Daily loss limits per account size is not disclosed.
Maximum Drawdown Restrictions
To maintain account stability Take Profit Trader has maximum trailing drawdown limits. These limits are to prevent big losses and to promote sustainable trading. Drawdown percentages per account size is not disclosed.
Profit Sharing Structure
Take Profit Trader has a good profit sharing model. As a funded trader you get to keep 90% of the profits you make. This is competitive in the industry and a big motivation to trade well.
Supported Trading Platforms
You get access to several popular trading platforms for free:
- NinjaTrader
- TradingView
- R | Trader Pro
- Quantower
- Tradovate
These platforms have technical analysis, charting, backtesting and automated trading capabilities.
Managing Multiple Accounts
Take Profit Trader allows you to manage multiple accounts. This feature allows you to diversify your strategies or scale up as you get better. The number of accounts you can manage is not disclosed.
Legitimacy
Take Profit Trader seems to be a legit proprietary trading firm. They are based in Orlando, Florida and have a transparent trading process. They offer funded accounts, multiple instruments and multiple platforms which makes it a real opportunity for traders. User reviews on Trustpilot are generally positive about the firm and their services and support.
Conclusion
Take Profit Trader is a good option for futures traders looking for funding. They have multiple account sizes, good profit sharing and good infrastructure for trading. Whether you are new to futures trading or a professional, Take Profit Trader is worth considering. They focus on trader success and have instant withdrawals and live support which makes them stand out in the prop firm industry.