Take Profit Trader Review

Take Profit Trader

Take Profit Trader

Trading Offers

Going Live
2021

HQ
United States

CEO
James Sixsmith

Website
takeprofittrader.com

Trustpilot
4.4

Take Profit Trader’s probably biggest differentiator is their product offering simplicity. Clear pricing tables, rule transparency, and pricing that can be understood quickly. Instead of complicated tables, comparisons, and rule combinations, traders can simply choose their favorite account size and begin trading their favorite challenge. Take Profit Trader uses the reliable CQG data feed and connects the popular platforms NinjaTrader, Tradovate and TradingView, and alternatively it’s possible to use the Rithmic data feed to connect R|Trader, Quantower or MotiveWave.

The probably biggest disadvantage, and this might be a big red flag for some traders, is the drawdown type inconsistency. During the evaluation, the drawdown type is EOD, so the level is calculated once per day, but then in the funded PRO account, the drawdown type moves to intraday, which is a huge disadvantage and might wipe out lots of traders. If the drawdown method simply stayed at EOD, Take Profit Trader would easily be in the top 3 of the best prop firms for futures trading. Tradeday currently has the better rules with consistent drawdown rules from challenge to funded accounts.

Prop Firm Details

Trading Instruments:

Futures

Exchanges:

CME, CBOT, COMEX, NYMEX

Challenge Types:

1-Step

Activation Fee:

$130

Consistency Rule:

50% During Evaluation

Scaling Plan:

No

Account Sizes:

$25, 50K, $75, 100K, 150K

Futures Platforms:

NinjaTrader, Tradovate, TradingView, R|Trader, Quantower, motivewave

Data Provider:

CQG, Rithmic

Payments Methods:

Credit Card, Debit Card, PayPal

Withdrawal Methods:

Plaid, PayPal, Wise

Take Profit Trader Standard Evaluation

Prop Firm Account Size Instrument Steps Profit Target Drawdown Type Max Loss Daily Loss Consistency
Rule Eval | Funded
Max. Contracts
Mini | Micro
Profit Split Activation Fee
if Funded
Price
Take Profit Trader 25K Futures 1‑Step $1,500 EOD* $1,500 None 50% | None 3 | 30 80% $130 $150
Take Profit Trader 50K Futures 1‑Step $3,000 EOD* $2,000 None 50% | None 6 | 60 80% $130 $170
Take Profit Trader 75K Futures 1‑Step $4,500 EOD* $2,500 None 50% | None 9 | 90 80% $130 $245
Take Profit Trader 100K Futures 1‑Step $6,000 EOD* $3,000 None 50% | None 12 | 120 80% $130 $330
Take Profit Trader 150K Futures 1‑Step $9,000 EOD* $4,500 None 50% | None 15 | 150 80% $130 $360

*Be aware: the drawdown type changes from EOD during evaluation to Intraday in the PRO (simulated funded) account. The trailing drawdown locks permanently once it reaches the original starting balance in both stages. The consistency rule requires that no single trading day accounts for 50% or more of total net profits, and a minimum of 5 trading days must be completed to pass the evaluation; there is no consistency rule on the funded PRO account. The daily loss limit was previously $500 / $1,100 / $1,600 / $2,200 / $3,300 respectively but has been removed across all account sizes. The $130 activation fee is charged upfront when transitioning to a PRO funded account. Prices shown are the standard monthly subscription rates.

Read Customer Reviews takeprofittrader.com

Take Profit Trader currently has a Trustpilot rating of 4.4 out of 5, based on 9,250 reviews, which is categorized as Excellent. Thereof, 3,031 reviews are from people invited by the prop firm using Trustpilot’s supported invitation methods. The most recent reviews are predominantly positive.