Discount announcement!Take Profit Trader Promo Code
Take Profit Trader runs promotions every month! After reading the Take Profit Trader review below, please visit my trades and promotions page for current promotions. Remember that when you visit Take Profit Trader, you will always see the best prices, plus the latest promotions at the top of the page.
The Take Profit Trader review was a popular request from people who wanted to know my opinion about the Take Profit Trader Funded Trader Evaluation Program. Take Profit Trader has several advantages, which are explained below, but mainly it passes when it passes. There is no minimum number of days for your first withdrawal!
They trade frequently and I keep a list of current trades and sales on the Funded Trader Ratings trades page. If there are any Take Profit Trader coupons or Take Profit Trader promotions running, they will be displayed there.
Summary of my Take Profit Trader Review
Take Profit Trader is a popular choice and one of the companies I recommend most. It’s requested quite often. It is best known for offering traders the ability to pass evaluations with no minimum trading days. Also, there is no scaling during the evaluation or after passing, and the most notable feature is the ability to manage your own withdrawals. Make a request whenever you want and receive your funds within a day.
You can read more about what I like and dislike about Take Profit Trader below.
Available evaluation versions and pricing
Take Profit Trader valuation as of August 2023. Please note that the prices below are before discounts and are subject to change at any time. The current list is below.
account size | Price/month* | contract | goal | drawdown |
$25,000 | $150 | 3 | $1,500 | $1,500 |
$50,000 | $170 | 6 | $3,000 | $2,000 |
$75,000 | $245 | 9 | $4,500 | $2,500 |
$100,000 | $330 | 12 | $6,000 | $3,000 |
$150,000 | $360 | 15 | $9,000 | $4,500 |
Available software
When you sign up for Take Profit Trader, you will connect via Rithmic or CQG, like most trader rating companies. You can trade in Rithmic Pro (software), but it’s not that great. However, free licenses for Tradovate with NinjaTrader and Take Profit Trader are available and recommended.
Clarification of multiple accounts
You can take multiple evaluations and even use a commercial copier. However, only three Pro and Pro+ accounts are allowed (three total, not three each).
Evaluation rules
Below are the general rules. Please be sure to read the specific rules on the site.
- 1 step
- Minimum trading day is 5 days
- Consistency rule: Must not exceed 50% of the profit allowed in a day
- Trailing drawdown is calculated at the end of the day
- Daily loss limits must be observed – Pro+ accounts have no daily loss limits
- There are no scaling plans during evaluation (even for Pro accounts).
Obviously, for those new to trading, this may be confusing. We recommend that you read the FAQ carefully to know what you are getting into.
Funded account rules
The general rules for take profit traders are the same as for valuation. Same product, no scaling. Please read below for withdrawal rules. One of the big changes to the rules is that EOD drawdowns have been changed to trailing drawdowns. This is definitely an important thing to note.
Reserve account fee
There is a one-time fee of $130 for all accounts, regardless of size. Several companies do this (depending on single activation amount and account size). This is preferred because some companies charge higher fees for larger accounts, usually well over $130. This is a huge benefit for take profit traders.
Frequency and method of withdrawal from deposit account
TakeProfit Trader offers withdrawals that can be requested at any time. Initiate your own withdrawal from your wallet on your dashboard. It’s very convenient, and payments often arrive in your bank account the same day, if not the next day.
You can withdraw money from the first day after depositing! The profit split is 80/20 (you keep 80% of the profits). To receive the 80% payout rate, your balance must be above the buffer zone equal to your maximum drawdown amount. For example, for a $50,000 account, the maximum drawdown is $2,000. Therefore, all funds over $52,000 are subject to 80% payout from day one. If your balance is $60,000 and you withdraw $8,000, you will receive $8,000 x 80% = $6,400, leaving your balance back at $52,000.
Advantages of Take Profit Trader
- 1 stage evaluation
- Flat activation fee of $130 (may be $0 during promotional periods)
- Both Tradovate and NinjaTrader available
- Request payment at any time during the month
- You can reset your pro account up to 3 times (if you break the rules after funding once, you don’t have to go back to review)
Disadvantages of Take Profit Trader
- consistency rules
- Trading bots/algorithms are not allowed
Unique Distinguishing Features of Take Profit Trader
- They have frequent promotions and are large in size. For example, I’ve seen 50% off. You will always get the best pricing when you use my link: Take Profit Trader
- The one-time activation fee is relatively small at $130
- Full control over your withdrawals
I hope my Take Profit Trader review was helpful. If you have any questions, please feel free to email us via our contact page. I will do my best to answer your questions.
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Additional articles for Take Profit Trader
Please note that some of these articles may be old and the information may have changed. Please visit Take Profit Trader and its FAQ section for the latest information.
Risk disclosure:
Futures and foreign exchange trading involve significant risk and are not suitable for all investors. Investors may lose all or more of their initial investment. Risk capital is money that you can lose without risking your financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance disclosure:
Hypothetical performance results are subject to a number of inherent limitations, some of which are discussed below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, significant differences often exist between hypothetical performance results and the actual results subsequently achieved by a particular trading program. One of the limitations of hypothetical performance results is that they are typically created with the benefit of hindsight. Moreover, virtual trading does not involve any financial risk. Additionally, virtual trading records cannot fully account for the financial risk implications of real trading. For example, the ability to withstand losses or adhere to a particular trading program despite trading losses are important points that may adversely affect actual trading results. There are many other factors related to the market in general or to the implementation of a particular trading program that cannot be fully accounted for in the preparation of hypothetical performance results and may adversely affect trading results.
More information can be found here: Risk Disclosure
Affiliate disclosure:
External links to trader evaluation and software companies on my site and in video descriptions are primarily affiliate links. I receive commissions from these companies from sales made by people who visit these links. That said, I only recommend companies and software that I personally use and actually recommend. Believe me, I turn down many companies that approach me. You can read my full affiliate disclosure here.
Additional disclosures:
The content provided is for informational purposes only. We do our best to keep our content current and accurate by updating it frequently. Actual data, rules, requirements, etc. may differ from those stated on our website. CanadianFuturesTrader.ca is an independent website. Please be sure to refer to the rules, FAQs, knowledge bases, and support of any website or company that we link to or that our site describes. The information on their site will always be the final decision on their programs, software and other current rules. Although we are independent, we may receive compensation from advertising, sponsored products, or when you click on links on our website. Contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.