Dive into our in-depth review of Trade The Pool, a trailblazing stock trading firm reshaping the trading landscape. Learn about their unique approach to trading, diverse account options, and how they prioritize both financial success and community building among traders.
Dive into our in-depth review of Trade The Pool, a trailblazing stock trading firm reshaping the trading landscape. Learn about their unique approach to trading, diverse account options, and how they prioritize both financial success and community building among traders.
- Innovative Trading Strategies.
- Flexible Account Options.
- Profit Sharing up to 80/20 Ratio.
- Access to Over 12,000 Stocks and ETFs.
- User-Friendly Trader Evolution Platform.
Exploring Trade The Pool: A Comprehensive Overview
Trade The Pool (TTP) is not just a stock trading firm, but a frontrunner in introducing innovative trading methodologies, allowing a broader audience to succeed in the financial markets. What distinguishes TTP is their dual focus: achieving financial success and cultivating a community of traders who share a passion for mastering the art of trading. This dedication to fostering a supportive and beneficial environment sets them apart in the trading industry.
Wide Range of Trading Opportunities
Offering easy access to global stock markets, TTP appeals to those looking at trading as a serious profession. The firm provides four distinct account types, from Mini to Ultimate Buying Power, ensuring they cater to diverse trading requirements. TTP’s unique features, such as “Pump and Dump,” further enhance the trading experience. Additionally, newcomers are welcomed with a free 14-day trial, and TTP maintains transparency in payouts through a partnership with Deel.
Robust Trading Platform and Stellar Customer Support
Trade The Pool utilizes the Trader Evolution platform, granting access to an extensive range of over 12,000 stocks and ETFs. Customer support is a strong suit for TTP, as evidenced by their impressive 4.4-star rating on Trustpilot. This feedback highlights their effective support system and customer satisfaction. TTP stands out for its account flexibility and innovative trading features, making it a rewarding choice for traders of all experience levels. For those interested in exploring what Trade The Pool has to offer, this link provides an opportunity to secure a 5% discount on their services.
Understanding How Trade The Pool Functions
Trade The Pool operates on a streamlined evaluation process designed to fund prospective traders. This process involves a one-step evaluation requiring completion of at least 30 trades over a 45-day period. A crucial element in this phase is adherence to the daily loss limit, a significant factor that influences both the profit target and the maximum drawdown permissible. The maximum daily drawdown varies for each account type and is directly proportional to the account’s size.
Illustration of the Funding Process
To illustrate this procedure, consider the Mini Buying Power account as an example. In this scenario, your daily loss is limited to $300. To reach the stipulated profit target, you must attain a profit amounting to six times your daily loss, which, in this case, is $300 multiplied by 6, totaling $1800. Simultaneously, your maximum allowable drawdown is calculated as three times your maximum daily loss. Hence, for the Mini Buying Power account, your maximum loss limit would be $900.
Trade The Pool Account Options: A Detailed Guide
Trade The Pool presents a range of four distinct account sizes, tailored to meet the diverse needs of traders at different stages of their careers. The options vary from Mini Buying Power to Ultimate Buying Power, each with unique requirements and benefits. A key highlight of these accounts is the flexible profit sharing, which ranges from a 50/50 split to a more lucrative 80/20 ratio for the larger accounts.
Account Options and Their Pricing
- Mini Buying Power: This account, priced at $97, offers $20,000 in buying power. It’s designed for beginners, providing a balanced profit split that encourages steady growth.
- Super Buying Power: Targeting intermediate traders, this account offers $80,000 in buying power for a fee of $300. It’s an excellent choice for those aiming to broaden their trading horizons.
- Extra Buying Power: Priced at $475, this account increases buying power to $160,000. It’s tailored for experienced traders seeking to make more substantial investments and employ advanced trading strategies.
- Ultimate Buying Power: For the highly experienced and ambitious trader, this account provides an impressive $260,000 in buying power at $1240. This option allows access to a higher profit-share ratio, mirroring the level of investment and potential for returns.
Through these varied account sizes, Trade The Pool ensures that traders, from novices to veterans, have options that resonate with their objectives and financial capabilities.
Introduction to Trade The Pool with a Free Trial
Trade The Pool also extends a 14-day free trial for new traders, offering a risk-free opportunity to explore their trading platform. This two-week period is invaluable for those looking to familiarize themselves with Trade The Pool’s offerings and trading environment.
Understanding Trade The Pool’s Payout Structure and Trading Resources
Trade The Pool has collaborated with Deel for an efficient and reliable payout system. Traders can initiate withdrawals every 14 days, following a straightforward and quick process. Eligibility for withdrawal is based on achieving a profit equivalent to one daily loss. Below is a summary of the daily loss figures for each account type:
- Mini Buying Power (BP): $300
- Super Buying Power (BP): $700
- Extra Buying Power (BP): $1300
- Ultimate Buying Power (BP): $2000
These values provide a clear understanding of the thresholds set for each account, underlining TTP’s commitment to transparency and convenience in handling payouts.
Diverse Trading Options on TTP’s Platform
Trade The Pool offers an extensive selection of over 12,000 stocks and ETFs (Exchange-Traded Funds) on its trading platform. This broad range allows traders to diversify their portfolios and delve into a variety of investment opportunities, showcasing TTP’s dedication to a comprehensive and adaptable trading environment.
The Trader Evolution Platform
Trade The Pool employs the Trader Evolution platform, a system designed with the professional trader in mind. This proprietary platform is packed with essential features like a scalper window, market depth, super DOM (Depth of Market), and scanners. Trader Evolution stands out for its combination of advanced functionality and user-friendliness, making it an excellent choice for traders at all levels of expertise.
Special Features of Trade The Pool
Trade The Pool (TTP) enhances the trading experience with specialized features, specifically crafted to support traders in maximizing their success. These features provide an edge in the fast-paced trading environment.
1. The Reset/Bypass Button
Recognizing the critical nature of timing in trading, TTP introduces the Reset/Bypass button. This tool allows traders to override the daily trading pause if they hit the daily loss limit but spot an imminent trading opportunity. This feature, conveniently located at the right corner of the trading program dashboard, offers swift re-entry into the market, albeit at varying costs for different account sizes:
- Mini Buying Power (BP): Reset costs $25
- Super Buying Power (BP): Reset costs $50
- Extra Buying Power (BP): Reset costs $100
- Ultimate Buying Power (BP): Reset costs $250
This Reset/Bypass button embodies TTP’s commitment to providing traders with the flexibility to adapt quickly to market dynamics.
2. The “Pump and Dump” Features
TTP also offers innovative features named “Pump” and “Dump.” These are designed to adjust a trader’s daily loss allowance dynamically. The “Pump” feature is designed to reward consistent performance by increasing the daily loss limit, while the “Dump” feature helps in mitigating prolonged risk by reducing the daily loss limit. This dual approach caters to different trading scenarios, ensuring that traders at TTP can manage their risks more effectively.
Understanding Trade The Pool’s “Pump” and “Dump” Features
The “Pump” feature at Trade The Pool (TTP) is designed to enhance a trader’s risk capacity and profit potential. This feature is activated when a trader demonstrates consistent success over a set period. Here’s how it works:
- A “Pump” occurs when a trader achieves five consecutive days of profit, totaling at least three times their initial daily loss.
- For instance, with an initial daily loss of $700 and a total profit of $2100 over five days, the daily loss allowance increases automatically. The increase is proportional to the specific program chosen.
- An example would be an increase from an initial daily loss of $700 to $735, offering greater flexibility and potential for higher profits.
“Dump” Feature Explained
Conversely, the “Dump” feature at TTP is a risk management tool that reduces a trader’s daily loss allowance under specific conditions:
- A “Dump” is triggered if a trader experiences five consecutive losing days, with total losses reaching at least twice their initial daily loss.
- Following a “Pump” increase, if a trader then encounters a losing streak (e.g., a total loss of $1400 on an initial daily loss of $700), the daily loss allowance is reduced back by one step.
- This mechanism ensures a balanced approach, aligning trader incentives with consistent performance while providing a safeguard against extended periods of risk.
These dynamic features of “Pump” and “Dump” reflect the real-world conditions of trading, incentivizing consistent performance and offering a protective measure against prolonged risk.
Comprehensive Support and Customer Feedback for Trade The Pool
Trade The Pool offers extensive support to its users through various channels. A detailed FAQ section on their website addresses common queries, while their contact information, including a phone number and email, is readily available for personalized assistance. The office hours are:
- Sunday – Thursday: 07:00 – 17:00 GMT
- Fridays: 07:00 – 12:00 GMT
Additionally, TTP maintains an active presence on social media, engaging with users and addressing their needs promptly.
Customer Reviews and Feedback
Trade The Pool has garnered positive feedback on Trustpilot, achieving a 4.4-star rating from over 50 users. The firm is praised for its high-quality trading platform and exceptional customer service, with reviewers expressing satisfaction with the clear rules and supportive environment provided by TTP.
Highlights of User Reviews
- James: Highly recommends TTP for its great software and numerous advantages. He praises the ease of use, efficient order execution, and exceptional customer support.
- NATHAPONG ORAKOO: Participated in TTP’s “Rule The Pool” trading competition, finding it challenging and rewarding. He commends the user-friendly platform and the firm’s support for retail traders.
- dd: Shares a positive experience with TTP’s mini buying power programme, highlighting the effective risk management and responsive trading platform.
For those who might find TTP unsuitable, a 14-day free trial is available to test the platform. Additionally, user feedback can be further explored on platforms like Reddit, although they may offer limited additional insights.
Trade The Pool Alternatives
For those considering other options, Apex Trader Funding and City Traders Imperium are notable alternatives in the prop trading industry. Apex Trader Funding is known for its One-Step Evaluation process and diverse trading strategies, while City Traders Imperium is renowned for instant funding and an active trading community. More information on these firms can be found in their respective reviews.
Trade The Pool Review: Concluding Insights
As a burgeoning entity in the stock trading sector, Trade The Pool (TTP) distinguishes itself with a legacy of credibility and innovation. TTP’s well-structured approach is designed to accommodate traders of varying expertise, equipping them with the necessary tools and features for growth and success in trading. The leadership at Trade The Pool, enriched with years of experience, has fostered an environment that emphasizes valuable partnerships and encourages growth. The adaptability of its trading accounts and unique features like “Pump and Dump” contribute to TTP’s distinct appeal. This is further substantiated by the firm’s robust reputation, as evidenced by the positive reviews on Trustpilot.
While TTP poses some challenging evaluation criteria, its comprehensive package — bolstered by the partnership with Deel, responsive customer support, and a thriving trading community — renders it an attractive choice for anyone serious about trading. If you are considering a venture into the realm of stock trading with a prop firm, Trade The Pool could be your ideal starting point. Reflect on the possibilities that a supportive platform like TTP could unlock for you.
Embrace the opportunity to test the platform with a 14-day free trial, or select an account size that aligns with your trading aspirations. Embark on your trading journey with Trade The Pool today and enjoy a 5% discount through our exclusive link. Don’t delay in taking this pivotal step towards shaping your financial future. It’s a decision that holds the potential to redefine your trading trajectory.