When choosing a prop trading firm for futures trading evaluations, it’s essential to compare key features to determine which aligns best with your trading goals. Below is a comprehensive comparison between Apex Trader Funding and Take Profit Trader to assist you in making an informed decision.
| Feature | Apex Trader Funding | Take Profit Trader |
|---|---|---|
| Evaluation Process | – One-Step Evaluation: Traders must reach a profit target without breaching the trailing threshold over a minimum of 7 trading days. – Profit Targets & Trailing Thresholds: Vary based on the selected account size. For example, a $50,000 account has a $3,000 profit target and a $2,500 trailing threshold. – No Daily Drawdown: Focuses on overall performance without daily loss limits. | – One-Step Evaluation: Traders aim to achieve a profit target while adhering to specific risk rules over a minimum of 5 trading days. – Profit Targets & Risk Parameters: Specific details vary by account size but generally involve reaching set profit targets without violating daily loss limits. – Daily Loss Limits: Enforced to ensure disciplined trading. |
| Account Sizes & Pricing | – Multiple Account Options: Offers various account sizes, such as $25,000, $50,000, and up to $300,000. – Pricing: Monthly fees vary by account size; for instance, a $50,000 account is priced at $167 per month. | – Diverse Account Selections: Provides account sizes like $50,000, $100,000, and $150,000. – Pricing: Subscription fees depend on the chosen account size; for example, a $50,000 account is available for $150 per month. |
| Profit Sharing & Withdrawals | – Profit Split: Traders receive 100% of the first $25,000 per account and 90% beyond that. – Withdrawal Frequency: Allows two payouts per month. | – Profit Split: Traders keep 80% of profits, with an option to upgrade to PRO+ for a 90/10 split. – Withdrawal Process: Enables immediate withdrawals from day one of the PRO account. |
| Trading Rules & Flexibility | – Trading Flexibility: Permits trading during news events and on holidays. – No Scaling Plan: Traders can trade full-sized contracts without scaling restrictions. | – Trading Flexibility: Allows trading during news events. – No Scaling Plan: Traders can trade the same number of contracts in both evaluation and PRO accounts. |
| Fees & Resets | – Evaluation Resets: Offers the option to reset evaluations for a fee. – Funded Account Fees: Details about funded account fees are not specified. | – Evaluation Resets: Provides up to 3 resets during the evaluation phase. – Funded Account Fee: Charges a one-time $130 fee upon funding, with no recurring monthly fees. |
| Support & Resources | – Customer Support: Offers prompt support and continuously improves services. – Educational Resources: Provides tools and resources to assist traders. | – Customer Support: Available 24/7 to assist traders. – Educational Resources: Offers a free playbook and knowledge base for trader development. |
Conclusion
Both Apex Trader Funding and Take Profit Trader offer unique advantages. If you prefer a firm with flexible trading rules, no daily drawdowns, and a higher initial profit retention, Apex Trader Funding may be suitable. Conversely, if immediate withdrawals, a straightforward fee structure, and comprehensive support are priorities, Take Profit Trader could be the better choice. Consider your trading style and objectives to select the firm that best aligns with your needs.
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Note: The information provided is based on available data as of February 14, 2025. For the most current details, please visit the respective websites: Apex Trader Funding and Take Profit Trader.
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