Risk Disclosure
- Trading is high-risk and not for everyone. Use only risk capital and understand the potential for losses.
Key Features of TakeProfit Trader:
- No Micro Cost Premium
Trading micros costs the same as minis, providing cost-efficiency and flexibility. - Favorable Payout Policies
Quick and seamless payout process with options to withdraw via PayPal or bank.
Clear Rules and Support
- Straightforward rules with no hidden clauses or uncertainties.
- Live chat support for quick resolutions during trading hours.
Rewards Program
- Earn points through trading activity to reset accounts or purchase evaluations.
Evaluation and Account Management
- Easier evaluation without trailing drawdowns.
- Up to 10 funded accounts are allowed, balancing flexibility and firm protection.
Profit Splits and Consistency Rules
- Start with an 80/20 split, moving to 90/10 after $5,000 profit.
- No profit consistency rule on funded accounts, allowing high earnings on strong trading days.
Trading Restrictions
- No trading during tier-1 news events (e.g., FOMC, CPI) for a 3-minute window.
Cost and Promotions
- Evaluations cost $180 with $100 resets.
- Use promo code “PTDEALS” for the best current discount available for Take Profit Trader
Comparison with Competitors
- TakeProfit Trader offers better flexibility, cost-efficiency, and payout processes compared to Apex and TopStep, despite minor limitations.
Here’s a summary of the content in 5-10 bullet points:
- Account Options & Costs
- Accounts range from $25k to $150k, with prices between $150 and $360, including the activation fee.
- Payment methods include credit card and PayPal.
- Discounts are up to 50%, but typically range from 30–40%.
- Trading Platforms & Rules
- Uses Tradeovate and Rhythmic as data providers.
- Includes a trailing drawdown and daily loss limit; exceeding the limit results in losing the account.
- Maximum of five accounts per trader.
- Payout Features
- No minimum days required to request a payout after achieving a buffer.
- Payout is instant and sent directly to your bank account.
- Profit split is 80/20.
- Evaluation & Pro Account
- Evaluation phase has a 50% consistency rule, but no such rule applies in the Pro account.
- Traders must exit all positions one minute before, during, and after major news events.
- Pro Plus Account Transition
- Traders who earn $5,000 in profit on a Pro account can move to a Pro Plus account.
- Additional Notes
- Scalping and DCA (Dollar Cost Averaging) are allowed.
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