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Take Profit Trader

  • United States
  • Since 2021

Take Profit Trader sells 1 funded-account plan in 1 programme. Its profit split is not on the record. Trading runs on NinjaTrader, TradingView, and MultiCharts.

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The firm
Updated

Take Profit Trader at a glance

Take Profit Trader is a proprietary trading firm based in United States, in business since 2021.

programmes, across 1 plan
1
Cheapest plan
$330

On the record

Based in
United States
Founded
2021
Chief executive
James Sixsmith
Trades through
Tradovate Holdings, LLC
Platforms
NinjaTrader, TradingView, and MultiCharts
Instrument types
Futures

Pay for a plan with

  • Built-in wallet
  • Credit/Debit Card
  • PayPal

Get paid by

  • PayPal
  • Plaid
  • Wise
Recorded by Wikilix from Take Profit Trader’s published terms and re-checked periodically.
Programme ledger

What Take Profit Trader sells

1 plan in 1 programme: 1 one-step evaluation.

1 programme
  • 1-stepTakeProfitTrader - 1-Step Test - 100K1-step

    The rules

    Payout schedule
    After clearing the buffer zone

    On this programme

    • News tradingNot allowed
    • Copy tradingNot allowed
    • Expert advisors (EAs)Allowed
    • Weekend holdingAllowed
    • Overnight holdingAllowed
    • Stop lossNot required
Rules as recorded by Wikilix from Take Profit Trader’s published terms. A rule that differs between sizes prints as a range; per-size prices are on the firm’s site.
Payouts

How Take Profit Trader pays

Payouts are made by PayPal, Plaid, and Wise.

Payout methods
3
Payout schedules stated
1

Paid out by

  • PayPal
  • Plaid
  • Wise

Payout schedules, in the firm’s words

  • After clearing the buffer zone

    TakeProfitTrader - 1-Step Test - 100K

Payout policy

PRO account

  • The profit split is 80%.
  • Payouts: On-Demand when you reach your PRO account. You have the ability to withdraw funds on day one.
  • Traders can withdraw profits at 80% once they reach the level of maximum drawdown, which we refer to as the buffer zone.
  • A trader may withdraw profits inside of the buffer zone; however, this action can only be performed once the account has been terminated.
  • To be promoted to PRO+, you must either consistently withdraw meaningful profits from your PRO account over time or achieve $10,000 profit in a single trading day on your PRO account. Key features - 90/10 profit split

PRO+ account

  • The profit split is 90%.
  • Trader directly routed to the exchange, not SIM or copy traded.
  • No buffer zone requirement
Markets

What you can trade

1 asset class, traded as Futures.

1 asset class

Asset classes

  • Futures

Instrument types

  • Futures
Commissions

Trading costs

Commissions for all products amount to $5 per round trip per contract, while Micros incur a commission of $0.50 per round trip per contract.

Trading rules

What Take Profit Trader lets you do

Across all 1 plan, as recorded programme by programme.

  • News tradingNot allowed on any plan
  • Copy tradingNot allowed on any plan
  • Expert advisors (EAs)Allowed on every plan
  • Weekend holdingAllowed on every plan
  • Overnight holdingAllowed on every plan
  • Stop lossNot required on any plan
Consistency

Consistency rules

  • Minimum of 5 trading days.
  • 50% consistency rule: no trading day must exceed more than 50% of your total profits during the Test phase.
  • No consistency rule on Pro and Pro+.
Firm rules

Firm rules

News Trading

  • During the Test phase: Allowed with no restrictions.
  • On Pro and Pro+: Restricted to 1 minute before and after the event.
  • FOMC meeting minutes/announcements. These occur on Wednesdays at 2pm eastern time. (You are allowed to trade through FED speakers.)
  • NON-Farm payroll (NFP). (These events occur on Friday’s at 8:30am eastern, once per month.)
  • Consumer Price Index – CPI
  • In addition to these news events, the following news events are prohibited for specific instruments:
    • News event: crude oil inventories. Prohibited product - crude oil
    • News event: bond auctions. Prohibited products - 10 year note, 30 year bond
  • You can check all upcoming news events at forexfactory.com

Expert Advisor

Not allowed.

Copy Trading

Allowed.

No Counter Positions

You cannot hold open positions in opposite directions within the same product or closely related products.

Inactivity Rule

In order to keep the PRO Account, you will be required to trade at least one day per calendar week (Sunday-Friday). A “traded day” is defined as a day where at least one round-trip has been executed on any permitted instrument.

CME Price Limit

It is the trader's responsibility to be out of all trades before these limits are hit. If a price limit is hit, and you have not exited your position, this will cost you to lose your pro account. The CME has a list of the price limits for each particular day. They are listed here: CME PRICE LIMITS

Drawdown

Drawdown is the total amount you can lose on your account. The drawdown is End of Day on test accounts, meaning it updates at the end of the trading day (5PM EST).

On the PRO accounts, the drawdown is intraday, meaning it trails your unrealized profit in real time.

In PRO+, the drawdown is End of Day, the same as in the test. The drawdown across all three account types will STOP trailing once it has reached the initial account balance.

Once traders pass the Test, they have the option to reset the Pro account up to 3 times.

Max Loss Type

  • Test & Pro+ Stage: EOD Trailing
  • Pro Stage: Intraday Trailing

Pro Account Reset Option: Once traders pass the Test, they have the option to reset the Pro account up to 3 times.

Live accounts (PRO+ accounts) overview

  • Copy trading: Allowed for up to 5 accounts.
  • Drawdown type: End-of-day drawdown.
  • No payout restrictions, No consistency rule.
  • No daily loss limit.
  • No buffer zone.
  • 90% profit split.
Restricted countries

Where Take Profit Trader does not take traders

Residents of 113 countries cannot open an account with Take Profit Trader.

113 countries
  • Afghanistan
  • Albania
  • Algeria
  • Angola
  • Barbados
  • Belarus
  • Belize
  • Benin
  • Bosnia and Herzegovina
  • Botswana
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cameroon
  • Cape Verde
  • Chad
  • Christmas Island
  • Cocos Islands
Show 95 more
  • Comoros
  • Cook Islands
  • Croatia
  • Cuba
  • Democratic Republic of the Congo
  • Djibouti
  • Dominica
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Ethiopia
  • Falkland Islands
  • Fiji
  • Gabon
  • Gambia
  • Ghana
  • Gibraltar
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Iran
  • Iraq
  • Ivory Coast
  • Jamaica
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Kosovo
  • Laos
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Malawi
  • Mali
  • Malta
  • Mauritania
  • Mauritius
  • Micronesia
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nauru
  • Nepal
  • Nicaragua
  • Niger
  • Nigeria
  • North Korea
  • North Macedonia
  • Northern Mariana Islands
  • Pakistan
  • Palestine
  • Panama
  • Papua New Guinea
  • Qatar
  • Romania
  • Russia
  • Rwanda
  • Saint Vincent and the Grenadines
  • São Tomé and Príncipe
  • Senegal
  • Serbia
  • Seychelles
  • Sierra Leone
  • Slovenia
  • Somalia
  • South Africa
  • Sri Lanka
  • Sudan
  • Suriname
  • Syria
  • Tajikistan
  • Tanzania
  • Timor-Leste
  • Togo
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Tuvalu
  • Uganda
  • Ukraine
  • Venezuela
  • Vietnam
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe
As published by Take Profit Trader. A country not listed here is not thereby accepted — check the firm’s own terms.
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