{"id":1384,"date":"2024-11-23T02:54:16","date_gmt":"2024-11-23T02:54:16","guid":{"rendered":"https:\/\/proptradingdeals.com\/?p=1384"},"modified":"2024-11-23T04:34:24","modified_gmt":"2024-11-23T04:34:24","slug":"take-profit-trader-reviews-a-beginners-guide-2024","status":"publish","type":"post","link":"https:\/\/proptradingdeals.com\/index.php\/2024\/11\/23\/take-profit-trader-reviews-a-beginners-guide-2024\/","title":{"rendered":"Take Profit Trader Reviews &#8211; A Beginners Guide 2024"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/takeprofittrader.com\/?referralCode=PTDEALS\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"494\" src=\"https:\/\/proptradingdeals.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-22-192631-1024x494.png\" alt=\"\" class=\"wp-image-1385\" srcset=\"https:\/\/proptradingdeals.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-22-192631-1024x494.png 1024w, https:\/\/proptradingdeals.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-22-192631-300x145.png 300w, https:\/\/proptradingdeals.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-22-192631-768x371.png 768w, https:\/\/proptradingdeals.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-22-192631-1536x742.png 1536w, https:\/\/proptradingdeals.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-22-192631-2048x989.png 2048w, https:\/\/proptradingdeals.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-22-192631-750x362.png 750w, https:\/\/proptradingdeals.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-22-192631-150x72.png 150w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p><strong>Key Features and Pros<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Flexible payouts with no minimum days for the first payout and fast processing (same day or next day).<\/li>\n\n\n\n<li>No &#8220;consistency rule&#8221; on funded accounts, unlike competitors like TopStep.<\/li>\n\n\n\n<li>Offers live customer support through chat for 12 hours daily.<\/li>\n\n\n\n<li>Unique &#8220;account reset&#8221; option: Funded accounts can be reset up to three times (at $1,000 per reset) without starting a new challenge.<\/li>\n<\/ul>\n\n\n\n<p><strong>Account Types and Pricing<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Five account sizes: $25k to $150k.<\/li>\n\n\n\n<li>Monthly fees (e.g., $330\/month for a $100k account) with a one-time activation fee ($130 across all sizes).<\/li>\n\n\n\n<li>Discounts are frequently available, such as current 40% off codes.<\/li>\n<\/ul>\n\n\n\n<p><strong>Profit Sharing and Upgrades<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Standard 80% profit split, which can increase to 90% upon upgrading to a Pro Plus account.<\/li>\n\n\n\n<li>Upgrading requires earning $5,000 profit on a funded account, which is held as a deposit.<\/li>\n<\/ul>\n\n\n\n<p><strong>Trading Rules<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Daily loss limit of 2.2% and end-of-day trailing drawdown of 3%.<\/li>\n\n\n\n<li>Intraday unrealized profit trailing drawdown applies on funded accounts, which is challenging for some traders.<\/li>\n\n\n\n<li>Minimum of five trading days for challenges and no holding trades overnight.<\/li>\n<\/ul>\n\n\n\n<p><strong>Platforms and Instruments<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Supports over 15 trading platforms, including TradingView, NinjaTrader, and Tradovate.<\/li>\n\n\n\n<li>CME instruments are available, with competitive commissions ($5 per round trip for standard contracts, $0.50 for micros).<\/li>\n<\/ul>\n\n\n\n<p><strong>Challenges and Funded Accounts<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Trailing drawdown changes from end-of-day during the challenge to intraday on funded accounts.<\/li>\n\n\n\n<li>Consistency rules apply only during challenges, making funded accounts more flexible.<\/li>\n<\/ul>\n\n\n\n<p><strong>Payout System<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Withdrawals are processed via Plaid (US), Wise, or PayPal (international) with no waiting period after approval.<\/li>\n\n\n\n<li>A profit buffer (equal to the maximum drawdown) is required for withdrawals.<\/li>\n<\/ul>\n\n\n\n<p><strong>Limitations and Concerns<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Intraday trailing drawdown for funded accounts is seen as a major drawback.<\/li>\n\n\n\n<li>A weekly trading activity rule requires at least one trade per week, which can be inconvenient.<\/li>\n\n\n\n<li>Only three active Pro or Pro Plus accounts are allowed simultaneously.<\/li>\n<\/ul>\n\n\n\n<p><strong>Company Background<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Based in Florida, with three years of operation (since 2021) and a 4.3 Trustpilot rating from over 1,000 reviews.<\/li>\n\n\n\n<li>Lack of a robust online community presence or social media activity.<\/li>\n<\/ul>\n\n\n\n<p><strong>Competitor Comparison<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Slightly higher prices compared to Apex and TopStep but offers unique features like reset options and flexible payouts.<\/li>\n\n\n\n<li>Lacks Apex\u2019s static drawdown option but provides more account size variety.<\/li>\n<\/ul>\n\n\n\n<p>&gt;&gt;&gt; Use promo code &#8220;PTDEALS&#8221; or click <a href=\"https:\/\/takeprofittrader.com\/?referralCode=PTDEALS\" title=\"\">here<\/a> to get the discount for Take Profit Trader &lt;&lt;&lt;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"video-container\"><iframe title=\"Take Profit Trader - REVIEW - TakeProfitTrader Prop Firm Rules? - Daily payouts + no scaling plan.\" width=\"1778\" height=\"1000\" src=\"https:\/\/www.youtube.com\/embed\/m_1C-baWsM4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Features and Pros: Account Types and Pricing: Profit Sharing and Upgrades: Trading Rules: Platforms and Instruments: Challenges and Funded Accounts: Payout System: Limitations and Concerns: Company Background: Competitor Comparison: &gt;&gt;&gt; Use promo code &#8220;PTDEALS&#8221; or click here to get the discount for Take Profit Trader &lt;&lt;&lt;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[55,54,1,52],"tags":[56,53,49,51,57,58],"class_list":["post-1384","post","type-post","status-publish","format-standard","hentry","category-apex-trader-funding-promo-deals","category-everything-about-day-trading","category-uncategorized","category-what-is-prop-trading","tag-apex-trader-funding","tag-day-trading","tag-evaluation-accounts","tag-futures-trading","tag-prop-accounts","tag-prop-evaluation-discounts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/proptradingdeals.com\/index.php\/wp-json\/wp\/v2\/posts\/1384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/proptradingdeals.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/proptradingdeals.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/proptradingdeals.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/proptradingdeals.com\/index.php\/wp-json\/wp\/v2\/comments?post=1384"}],"version-history":[{"count":2,"href":"https:\/\/proptradingdeals.com\/index.php\/wp-json\/wp\/v2\/posts\/1384\/revisions"}],"predecessor-version":[{"id":1393,"href":"https:\/\/proptradingdeals.com\/index.php\/wp-json\/wp\/v2\/posts\/1384\/revisions\/1393"}],"wp:attachment":[{"href":"https:\/\/proptradingdeals.com\/index.php\/wp-json\/wp\/v2\/media?parent=1384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/proptradingdeals.com\/index.php\/wp-json\/wp\/v2\/categories?post=1384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/proptradingdeals.com\/index.php\/wp-json\/wp\/v2\/tags?post=1384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}