Take Profit Trader is a prop trading firm focused on futures markets that provides funding for professional traders so they can leverage significant capital without risking their own money. In addition to facilitating trading, the company emphasizes trader education by offering comprehensive resources and courses at no cost.
Built on a transparent model without hidden fees, Take Profit Trader aims to foster consistent profitability for users. Their distinct emphasis on adhering to straightforward trading rules rather than just metrics uniquely positions them in the prop trading space.
The firm was founded by James Sixsmith, who sought to transform the trading landscape by reducing risks and improving trader competence. Successful traders get access to a funded trading account, trading platforms, and education. Still on the fence about Take Profit Trader? Here is a detailed Take Profit Trader review weighing its pros and cons.
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The Pros of Using Take Profit Trader
When you sign up with Take Profit Trader, there are some major benefits you’ll enjoy right off the bat.
No minimum withdrawal requirements
Unlike other programs that make you wait days or even months before accessing your profits, Take Profit Trader lets you withdraw your funds instantly. As soon as you’ve made a profit, you can withdraw it. Talk about flexibility!
80% profit share
Compared to the industry average of 70%, Take Profit Trader gives you a generous 80% of the profits. That means more money in your pocket and a higher return on your investment.
Pro account resets
If you opt for a Pro account, you get three free resets each month. That allows you to start over with a clean slate if you have an unprofitable month. It’s pretty handy if you have a streak of bad luck!
Choice of trading platforms
Whether you prefer MetaTrader 4, MetaTrader 5, cTrader, or ZuluTrade, Take Profit Trader supports them all. You have the freedom to choose a platform that suits your trading style and experience level.
Good variety of instruments
You have access to a wide range of markets like forex, stocks, indices, and commodities. Whether you want to trade currency pairs, tech stocks, or gold, Take Profit Trader has you covered.
Unlike some brokers that charge high commissions and monthly account fees, Take Profit Trader only requires a one-time payment to access their pro features. Once you pay the pro subscription, all accounts are commission-free. This can save you a lot of money, especially if you’re an active trader.
Realistic profit targets
Take Profit Trader focuses on stable, long-term growth rather than unrealistic promises of getting rich quickly. Their training teaches you risk management techniques and how to find high-probability trades so you can build your account over time through steady gains. This sustainable approach is more likely to lead to success.
Competitions and prizes
Take Profit Trader regularly holds trading competitions amongst fellow traders where you can win cash prizes, gift cards, and other perks. This helps keep things interesting and gives you an incentive to apply your skills. The competitions are free to enter for all members.
If you ever have questions about the platform or need trading guidance, Take Profit Trader provides responsive support. You can contact them 24/5 via live chat, email, or phone. Their support team is knowledgeable about the markets and can help you troubleshoot any issues.
The Cons of Using Take Profit Trader
While Take Profit Trader does have some useful features, there are a few downsides to be aware of before signing up.
Trading Options Are Limited
Currently, you can only trade forex, stocks, and crypto – no options or futures are offered. MetaTrader platforms are not provided, so you’re limited to the web-based interface. Automated trading is not permitted, which means you have to enter and exit each trade manually.
Strict Trading Rules
You’re not allowed to hold positions overnight or during major news events. All trades must be closed before the end of each trading day. This prevents you from taking advantage of gaps in the market or news-driven price spikes, which other brokers allow.
No Free Trials
One of the biggest downsides to using Take Profit Trader is that they do not offer free trials. Many trading services provide free or low-cost trials so you can test the platform before committing to a paid subscription. With Take Profit Trader, you have to sign up for at least the basic paid plan to access the platform.
Our Final Take: Should You Use Take Profit Trader?
With its focus on trader empowerment, Take Profit Trader provides an impressive platform for new and experienced futures traders. Its transparent model, coupled with robust education and support systems, are key highlights.
If you’re interested in futures trading and want an easy-to-use platform with solid education and support, Take Profit Trader is worth considering. Its cost-effective and transparent pricing, coupled with an intuitive interface and helpful resources, make it an attractive option for beginner traders and advanced traders alike.
Ready to take your trading game to the next level? Click here to sign up and start your trading journey on Take Profit Trader today and discover how it can be the trading partner you’ve been looking for! Save 50% with our promo code MODESTMONEY.
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