Is Trade The Pool A Scam? A Look At Its Reputation

Jeremy BiberdorfBy: Jeremy Biberdorf

March 12, 2024March 12, 2024

Trade The Pool logo

In today’s trading world, many aspire to turn stock trading into a successful career, yet they face obstacles like lack of funding, personal financial risks, and inadequate safety nets. These are the problems that Trade The Pool aims to address. Trade The Pool was founded in 2022 by the minds behind the well-respected The5ers.

Rooted in the same principles that guided The5ers to success, Trade The Pool and its leadership, including visionaries like Gil Ben Hur and Michael Katz, have crafted a funding solution that emphasizes mutual success between the firm and its traders. It’s not just about providing capital; it’s about creating a partnership that values trader growth and industry collaboration.

With this backdrop, the question arises: is Trade the Pool a scam? I intend to dive deep into this question, examining how Trade The Pool’s approach compares to industry standards and whether it aligns with your trading goals. Let’s jump in.

Read our in-depth Trade The Pool review to get the full scoop.

Learn More About Trade The Pool

Is Trade The Pool A Scam?

There’s understandable skepticism around Trade The Pool, given its recent emergence in 2022. When I first came across it, I too wondered, “Is Trade The Pool a scam?” This doubt isn’t uncommon with new platforms.

However, digging deeper, I discovered that Trade The Pool wasn’t just a random newcomer; it was launched by the same experienced individuals behind The5ers, which has been reputable since 2016. This heritage lends credibility and sets a foundational trust.

Moreover, my investigation extended beyond the creators to the users themselves. The feedback from the trading community has been notably positive, with Trade The Pool securing a 4.4 rating on TrustPilot.

It’s not just its affiliation with the reputable The5ers that convinces me, but the real-world features and trader feedback that align to convince me that Trade The Pool is not a scam.

Trade The Pool Rules

Now that I have addressed whether Trade The Pool is a scam, I can get into the important rules you should be aware of. Trade The Pool implements a structured set of rules designed to align with a trader’s journey towards profitability, focusing heavily on risk management and performance evaluation.

Here’s my breakdown of these regulations and offerings to provide a clearer picture:

Evaluation and Profit Targets:

  • One-step Evaluation: Traders must successfully complete a single evaluation step.
  • Trade Requirement: A minimum of 50 trades over at least 30 days.
  • Daily Loss Limit Impact: Your daily loss limit determines your profit target (six times the daily loss) and maximum drawdown (three times the daily loss).
    Example: With a Super Buying Power account, a $700 daily loss limit sets a $4,200 profit target and a $2,100 maximum drawdown.

Trading Constraints:

  • Trading Hours: Limited to the operational hours of the US stock exchange, from 9:30 AM to 3:55 PM ET.

Max Exposure Per Trade: Set at 30% of your daily loss limit.

  • Example: A $700 daily loss limit means a maximum exposure of $210 per trade.
  • Max Exposure in Floating: This varies by account type:
    • Super Buying Power: $80,000
    • Extra Buying Power: $160,000
    • Ultimate Buying Power: $260,000
  • Day Trading Rule: All positions must be closed by the end of the trading day.

Trading Instruments:

  • Access to over 12,000 US stocks and ETFs.

Pump and Dump System:

Pump: Enhances your daily loss and max exposure limits after five consecutive winning days, with earnings totaling at least three times your daily loss.

  • Example: In the Extra Buying Power package, a daily loss (DL) of $1,300 can be pumped to $1,404 (8% increase) after consistent success.

Dump: Reduces your limits following five consecutive losing days, with losses totaling at least twice your initial daily loss.

  • Example: Following losses, your DL can decrease from $1,404 back to $1,300.

Educational Resources:

  • TTP offers a variety of learning materials, including blogs, podcasts, eBooks, and PDFs focused on trading strategies, risk management, and psychological aspects of trading.

Service Ratings:

  • TTP’s comprehensive service offerings have earned a 5 out of 5 rating from Benzinga, highlighting its commitment to supporting traders’ growth and success.

By structuring their program with clear rules and educational support, Trade The Pool aims to create a balanced and educational trading environment conducive to long-term success.

Final Thoughts

In conclusion, the world of stock trading presents numerous challenges, but Trade The Pool offers a comprehensive solution aimed at overcoming these obstacles. Founded by the experienced team behind The5ers, Trade The Pool embodies the principles of partnership, trader growth, and industry collaboration.

Based on what I have covered in this article, including the firm’s reputable background, positive trader feedback, and transparent trading rules, I am convinced that Trade The Pool is not a scam and indeed a legitimate platform dedicated to fostering trader success.

The rules and structures in place, such as the one-step evaluation, profit targets based on daily loss limits, and unique ‘Pump and Dump’ system, underscore the firm’s commitment to risk management and trader development. Moreover, the vast array of educational resources and impressive service ratings further validate Trade The Pool’s dedication to its users’ growth and achievement.

For a deeper dive into what Trade The Pool has to offer and to start your trading journey, Click Here.

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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