Dive into the world of Take Profit Trader, where innovative trading meets unparalleled support. Learn how their unique approach is revolutionizing the futures market and beyond.

Take Profit Trader: Revolutionizing Prop Trading

In the expanding universe of prop trading firms, Take Profit Trader stands out as a beacon for traders looking to navigate the complexities of the financial market. This firm is not just about managing significant funds; it’s about doing so with minimized personal risk. Founded by James Sixsmith, a former ice hockey player with a passion for trading, Take Profit Trader is a testament to his commitment to empowering traders. Sixsmith’s journey from the ice rink to the trading floor has imbued the firm with a unique perspective, particularly in educating and supporting novice traders. His experiences have shaped a platform designed to demystify the trading process and provide comprehensive support at every stage. This is more than a prop firm; it’s a catalyst for a trading revolution. Take Profit Trader focuses on funding futures traders and absorbing the impact of potential losses. For those ready to embark on this journey, there’s an enticing offer: join now through this link and receive a 40% discount on your initial investment.

Understanding the Take Profit Trader System

The operational framework at Take Profit Trader is designed to be user-friendly and efficient, catering to traders of various skill levels. Initially, individuals select their asset class and the amount of capital they wish to manage. This decision is primarily influenced by their skill set and experience. As of now, futures markets are the main focus, but there are plans to include stocks, forex, and cryptocurrencies soon. Subsequently, traders demonstrate their trading proficiency by achieving a specified profit target while adhering to a series of risk management rules. Successful traders are then promoted to the status of funded traders, enabling them to earn actual profits without any delay in market engagement. Additionally, the profit withdrawal process is streamlined for convenience. Traders keep a substantial 80% share of their profits, with the company facilitating direct transfers to the traders’ chosen accounts. For those aiming higher, the PRO+ upgrade is an enticing option. It offers perks like the removal of the daily loss limit and an improved profit split of 90/10, further enhancing the trading experience.

Tools and Support at Take Profit Trader

The Take Profit Trader experience is enhanced by a suite of tools and support systems designed to simplify the trading process. One of the key aspects of their service is handling technology and account setup, which spares traders from the often time-consuming administrative work. This approach allows traders to focus solely on their trading strategies. Understanding the challenges of discipline in trading, the company has implemented a robust risk management system. This system plays a crucial role in maintaining order and discipline during trading activities, a critical aspect for long-term success in the markets. For those who value community engagement and ongoing learning, Take Profit Trader offers an exclusive private Discord channel. This platform is not just a hub for connecting with fellow traders; it also provides access to free educational content from the company’s experienced head traders. Additionally, the firm’s risk of ruin system is particularly noteworthy, as it covers losses on Pro Accounts, thereby protecting the personal funds of the traders. This feature underscores the firm’s commitment to its traders’ financial security.

Account Sizes and Pricing at Take Profit Trader

As Take Profit Trader continues to grow and diversify into different asset classes, they currently offer various account sizes that are in line with industry norms for futures trading funds. The subscription costs vary based on the account size, which ranges from $25K to $150K. The pricing structure is as follows:

• $25,000 accounts are available for $150
• $50,000 accounts are offered for $170
• $75,000 accounts can be procured for $245
• $100,000 accounts are obtainable at a price of $330
• $150,000 accounts are offered for $360

The Pro account, which allows for up to three resets, is particularly appealing. It requires a one-time fee, eliminating the need for monthly payments. This one-time setup fee is $130, and upon becoming a Pro Trader, the recurring monthly charges are waived.

Earnings Objectives and Profit Targets

Each account size at Take Profit Trader is associated with a specific profit target. These targets are realistic and in line with what is generally expected in the prop trading industry. The following is a breakdown of the profit targets for each account size:

• $25,000 account: 3 Contracts, Profit Target of $1,500
• $50,000 account: 6 Contracts, Profit Target of $3,000
• $75,000 account: 9 Contracts, Profit Target of $4,500
• $100,000 account: 12 Contracts, Profit Target of $6,000
• $150,000 account: 15 Contracts, Profit Target of $9,000

Profit Sharing Model at Take Profit Trader

At Take Profit Trader, the profit-sharing structure is heavily skewed in favor of the trader, underlining the firm’s dedication to its clients’ success. This model adheres to an 80/20 split, where an impressive 80% of the profits are retained by the traders themselves. This arrangement ensures that the majority of the financial rewards earned from trading activities go directly to the traders, acknowledging their efforts and expertise. Conversely, Take Profit Trader claims a modest 20% share of the profits. This relatively small percentage reflects the company’s philosophy of prioritizing the empowerment and financial well-being of its traders. This approach not only incentivizes traders but also demonstrates the firm’s commitment to creating a mutually beneficial relationship where the traders’ successes are paramount.

Trading Platforms Supported by Take Profit Trader

The array of trading platforms offered by Take Profit Trader is both diverse and extensive, featuring over 30 different platforms. This variety caters to a wide range of trading preferences and strategies. Primarily, the firm recommends using the CQG Data Feed, though the Rithmic Data Feed is also an option. Below is a breakdown of the platforms compatible with each of these data feeds:

Platforms for CQG Data Feed:

• NinjaTrader
• TradingView
• Tradovate

Platforms for 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
• net
• Photon Trader
• OScalp
• Atas

These platforms provide the necessary versatility to accommodate different trading styles and strategies, facilitating the success of traders.

Setting Up the CQG Data Feed

To get started with the CQG Data Feed at Take Profit Trader, there are a few initial steps to follow. After signing up for a trial account, traders need to log into Tradovate to agree to the market data agreements. The necessary login details are available within the Take Profit Trader platform. When accessing Tradovate for the first time, traders are presented with an option to select either a Professional or Non-professional account. It’s crucial to opt for a Non-professional account to avoid any complications. Once the sign-up is complete, traders can begin using charting software like NinjaTrader, TradingView, or Tradovate. The live market data feed is typically operational within five minutes, ensuring a smooth start to trading activities.

Exceptional Customer Support at Take Profit Trader

The level of customer support provided by Take Profit Trader is a standout feature that significantly enhances the trading experience. This company excels in delivering exceptional customer service, always ready to assist traders, regardless of the time or issue at hand. Whether it’s a technical snag or a need for clarification on a trading aspect, the support team at Take Profit Trader is consistently prepared to offer timely and effective assistance. This unwavering dedication to customer support is a clear indicator of the company’s commitment to creating a seamless and positive trading environment for all its clients. The availability and responsiveness of their support team not only solve immediate issues but also contribute to a sense of security and confidence among traders, knowing that help is always within reach.

User Feedback on Take Profit Trader

Take Profit Trader has garnered widespread praise from its users, evident in the glowing reviews on its Trustpilot profile. With an impressive collection of 362 reviews, the company boasts a high rating of 4.4 out of 5 stars. This rating is a testament to their exceptional services, ranging from customer support to an efficient payout system. A significant portion of these reviews rate the company at the highest possible level, reflecting the trust and satisfaction of their user base. While there are some lower-rated reviews, Take Profit Trader demonstrates a proactive approach by addressing these concerns promptly. Their commitment to resolving customer issues is evident, with most adverse feedback being dealt with effectively, showcasing their dedication to client satisfaction.

Exploring Alternatives to Take Profit Trader

For those who are still considering their options, Apex Trader Funding is a viable alternative. Known for their one-step evaluation process and straightforward rules, Apex Trader Funding has established itself as a prominent player in the prop trading sector. You can read more about them in my comprehensive review of Apex Trader Funding. Another noteworthy option is City Traders Imperium, which is renowned for its excellent customer service and vibrant trading community. They offer extensive educational resources, aiding their traders in achieving success. For an in-depth comparison, take a look at my review of City Traders Imperium to see how it measures up against Take Profit Trader.

The Verdict on Take Profit Trader

Take Profit Trader stands out as a formidable choice in the realm of prop trading, particularly for those prioritizing trader empowerment. Its transparent approach, along with the strong emphasis on education and support, are notable strengths. Although its current focus is limited to futures trading and it lacks features like automated trading and overnight position holding, the firm’s ongoing development and dedication to providing free, quality education are promising indicators of its potential. There are, however, some drawbacks. The absence of forex, stocks, and crypto trading options, the non-inclusion of MetaTrader platforms, and the application of a monthly evaluation fee may not appeal to all traders. Despite these limitations, the overall package offered by Take Profit Trader is comprehensive and geared towards sustainable trading practices. Ultimately, Take Profit Trader emerges as a valuable ally for traders aiming to maximize their profits while minimizing risks. Its commitment to education, community engagement, and risk management positions it as a notable contender in the prop trading firm landscape. If you’re looking to elevate your trading experience, explore what Take Profit Trader has to offer and see how it aligns with your trading goals!