Jeremy Biberdorf
By: Jeremy Biberdorf
12 Apr. 2024

Take Profit Trader Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
12 Apr. 2024

Disclosure

Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Take Profit Trader Logo

4.8/5

4.8 rating based on 5 ratings

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In a Nutshell: Take Profit Trader is a prop company that helps fund traders in their futures trading journey. Their model is simple: they provide funding, and you use your trading skills to generate consistent profits. Their platform is user-friendly, without any hidden tricks or gimmicks, making your trading journey as smooth as possible.

Take Profit Trader’s primary goal is to help traders reach their highest potential. Their focus is not on confusing features but on helping traders make steady income using their funds.

This funding company goes beyond just providing a platform for trading. It includes comprehensive learning resources that were once paid courses but are now available free of cost. They believe in empowering traders with quality education to make informed decisions.

One unique aspect I like about Take Profit Trader is its emphasis on following simple trading rules rather than merely resetting markers. This differentiating approach helps traders develop effective strategies, making Take Profit Trader stand out among its competitors. In this Take Profit Trader Review, I will cover everything that makes this company a great funding source for futures traders.

Service TypeFees Promotion
Prop Trading FirmVariable feeSave 50% with Coupon Code MODESTMONEY
Pros & Cons
Pros
  • There are no minimum days required before the first withdrawal
  • The withdrawal process is instant
  • 80-90% profit share
  • Pro accounts get three resets
  • There's a wide choice of trading platforms
  • Good variety of future instruments
  • Only a one-time fee is required for pro accounts
  • Realistic profit targets
  • Trading competitions with prizes are held regularly
  • The customer support is of high quality
Cons
  • Trading in forex, stocks, or crypto is not available yet
  • MetaTrader platforms are not provided
  • Automated trading is not permitted
  • Holding positions overnight or during news isn't allowed
  • There's a monthly fee for evaluations
  • Free trials aren't provided
Initial Capital$25,000 – $150,000
Price Range$150 – $360
Profit Split80-90%
Max DrawdownSpecific to account size
Profit TargetSpecific to account size
Tradable ProductsFutures only (Stocks, Forex, and Crypto expected to be added)

What is Take Profit Trader?

takeprofittrader.com website

Take Profit Trader is a proprietary trading firm specializing in the futures market. Its core offering is to provide funding for traders, enabling them to leverage significant capital without risking their own money. In addition to facilitating trading, the company emphasizes trader education, offering comprehensive resources and courses free of charge.

Built on a transparent model without hidden complexities, Take Profit Trader aims to foster consistent profitability among its users. Their distinct emphasis on adherence to straightforward trading rules rather than mere metrics reset positions them uniquely in the prop trading space.

The firm’s foundation is rooted in the vision of its founder, James Sixsmith, who sought to revolutionize the trading landscape by mitigating risks and enhancing trader competence.

Take Profit Trader Overview

As the financial market grows, so does the demand for prop trading firms, and Take Profit Trader has made its mark in this rapidly evolving industry. Offering a streamlined journey to sustainable profits, this company allows traders to manage significant capital while minimizing their personal financial risk.

The founder, James Sixsmith, a retired ice hockey player, and trading enthusiast, built the prop firm upon the vision of empowering traders through comprehensive education and risk mitigation. Having experienced firsthand the challenges that novice traders encounter, Sixsmith developed a platform that simplifies the trading process and offers robust support at every step of the journey.

It’s a platform that truly promotes a trading revolution by funding futures traders and bearing the brunt of any losses. You can become one of the traders benefiting from this great company if you make the move today; join through this link to get a 50% off the price today with coupon code MODESTMONEY.

External Take Profit Trader Reviews & Ratings

SiteRating
Online Prop Trading4.7
Facebook4.8 from 64 reviews
Trustpilottake profit trader trustpilot review

Take Profit Trader Customer Review Analysis

Delving into the vast array of user testimonials and external ratings, Take Profit Trader emerges as a highly commended platform in the proprietary trading firm landscape. Garnering an impressive overall rating of 4.4 out of 5 on TrustPilot, the platform stands out for its rapid withdrawal processes and user-friendly experience, as echoed by numerous satisfied traders.

The platform’s commitment to exceptional customer service and its robust support system is frequently highlighted in user reviews. Traders celebrate the swift and friendly customer interactions, straightforward evaluation systems, and the platform’s efficiency in facilitating quick access to funds. Such positive feedback underscores Take Profit Trader’s dedication to providing a seamless and supportive trading environment.

However, like any dynamic service, Take Profit Trader has faced its share of critiques, notably regarding the daily transaction limit on funded accounts. In response, the platform’s customer support team actively engages with both positive and negative reviews, demonstrating a proactive approach to addressing user concerns and reinforcing the platform’s commitment to transparency and rule clarity.

For those seeking deeper insights, Take Profit Trader’s presence on Reddit offers an additional layer of user-generated content. While these discussions provide a broader spectrum of experiences, it’s important to note that not all Reddit reviews come from verified users, making it essential to discern the context and authenticity of such feedback.

Firsthand User Experience with Take Profit Trader

“Take Profit Trader is a great funding company. Fast and friendly customer service, many easy evaluation systems to choose from and quick payouts on funded accounts. Highly recommend!”
“Used alot of funding programs and this one by far the best in customer service, requirements to hit numbers and most of all the time to get the money in the bank. If you are looking for an amazing company that make the experience for the traders for the traders and not give you a disadvantage these guys are ahead of other companies by far. Only thing is a slight higher account fee but that only matters if you fail alot of accounts. But if you are an experience trader and have a system you don’t have to worry about loosing your own money and get your money by the end of the first pro trading day.”

“Excellent customer service and response! Take profit trader doesn’t lag on questions with response time, their challenges so far have been straightforward and the knowledge database makes it very easy to understand the rules! Other prop firms I’ve used in the past have these EXTREMELY long rule books with hidden rules and it’s a pain.So far nothing but a great experience with TPT!”

“It is the best Prop trading firm Ever for futures Traders like myself. I recently took my first payout. They are insanely fast. It took less than 24 hours to get the money in my bank. They have excellent payout policies and rules for long-term partnerships. I highly recommend it for traders who want to play it big, especially since the Pro Plus accounts are worth it. I see myself with this firm for years to come. They have the best customer support team that I have ever worked with. They are responsive and very fast.”

Take Profit Trader has an overall rating of 4.4 out of 5 on TrustPilot. Many of the positive ratings mentioned how fast the withdrawals were and the ease of use. As for negative reviews, every prop trading firm has some, including Take Profit Trader.

Many of the negative reviewers mentioned they were not happy with the 50 transaction per day limit on funded accounts. Take Profit Trader customer support always replies to negative as well as positive reviews with tact. They were clear to point out that all information about trading rules is included in their website’s knowledge base.

If you want to dig deeper, you can check out the Take Profit Trader Reddit reviews. I dug through them myself, and they somewhat mirror what reviewers from TrustPilot say. I have to mention, the Take Profit Trader Reddit reviews are not from certified users, so not all of them will be genuine.

Take Profit Trader Review Videos

How It Works: The Rundown of Take Profit Trader

how take profit trader works

Take Profit Trader simplifies the path to trading success, making it accessible and straightforward for traders at every skill level. The platform begins this journey by allowing traders to select from a range of asset classes, primarily focusing on futures markets for now.

Traders are then tasked with demonstrating their market savvy by achieving specific profit targets while adhering to a set of clearly defined risk management rules. Success in this phase transitions the trader to a funded status, where the opportunity to generate real profits becomes immediate, ensuring active engagement with the markets from the get-go.

The process of withdrawing earnings is equally streamlined, with traders retaining a substantial 80% of their profits. These earnings are promptly dispatched to the trader’s account, reinforcing the platform’s commitment to efficiency.

Additionally, Take Profit Trader enhances the trading experience with the option to upgrade to PRO+, offering benefits such as the removal of daily loss limits and an increased profit share to 90/10, further incentivizing trader success.

Tools of the Trade: Risk Management, Trading Community, & More

Take Profit Trader focuses on enhancing the trading experience by providing a comprehensive suite of tools and support systems designed to streamline the trading journey. By handling the technical intricacies and account setup, the platform eliminates the often tedious administrative tasks, allowing traders to concentrate on strategy and market engagement.

Central to its support system, Take Profit Trader has developed an advanced risk management framework aimed at instilling discipline and order in trading activities. This proactive approach to risk management is indicative of the platform’s dedication to fostering a secure trading environment where traders can operate with confidence.

Community and continuous learning are pivotal to the Take Profit Trader ethos. Through its private Discord channel, the platform offers a dynamic space for traders to connect, share insights, and access a wealth of educational content curated by seasoned trading professionals. This initiative not only promotes a sense of camaraderie among users but also underscores Take Profit Trader’s commitment to trader development and growth.

Furthermore, the platform’s ‘risk of ruin’ policy exemplifies its trader-centric approach by absorbing losses on Pro Accounts, thus safeguarding traders’ capital against unforeseen market volatilities. This policy is a testament to Take Profit Trader’s commitment to provide a supportive and growth-conducive environment for its users.

Account Size and Pricing: Tailoring Your Trading Journey

As Take Profit Trader continues to broaden its offerings into new asset classes, it maintains a diverse range of account sizes to cater to individual trader needs and preferences. These account options are designed to mirror the best practices found across the futures trading landscape, providing both flexibility and scalability for your trading endeavors.

Currently, subscription fees are structured to accommodate various levels of investment, ranging from $150 to $360 monthly, depending on the chosen account size. Whether you’re starting with a $25K account or aiming higher with a $150K account, Take Profit Trader offers competitive pricing to get you started:

  • $25,000 accounts for just $150
  • $50,000 accounts at $170
  • $75,000 accounts available for $245
  • $100,000 accounts priced at $330
  • $150,000 accounts for $360

Pro accounts come with an added advantage — after an initial one-time setup fee of $130, monthly charges are a thing of the past. This unique feature not only elevates your trading experience but also aligns with your long-term trading goals by eliminating recurring costs.

Use the code MODESTMONEY to get 50% off on Take Profit Trader.

Check Take Profit Trader’s website to confirm current pricing and full terms.

Earnings Objective: Your Take Profit Trader’s Profit Targets

Each account size at Take Profit Trader comes with a distinct profit target. These targets are pragmatic and align with the standard set by most prop firms.

Below is a breakdown of the profit target for each account size:

Account Size in Futures Max Contracts and Profit Target:

$25,000 3 Contracts, Profit Target $1,500

$50,000 6 Contracts, Profit Target $3,000

$75,000 9 Contracts, Profit Target $4,500

$100,000 12 Contracts, Profit Target $6,000

$150,000 15 Contracts, Profit Target $9,000

Profit Sharing

The profit-sharing structure at Take Profit Trader is designed to primarily benefit the trader. It follows an 80/20 split, where a whopping 80% of all profits made by the trader are kept by them, ensuring they reap the lion’s share of their hard-earned results. On the other side of this partnership, the company retains only a minor fraction, a mere 20%, serving as a testament to their commitment to empowering their traders and placing their interests at the forefront.

Diverse Trading Platforms at Take Profit Trader

Take Profit Trader offers the versatility of more than 30 different platforms, opening a world of trading options for you. As for data feeds, Take Profit Trader typically suggests the use of CQG Data Feed rather than Rithmic Data Feed. Let’s explore the unique platforms compatible with these individual data feeds.

For CQG Data Feed:

  • NinjaTrader
  • TradingView
  • Tradovate

For Rithmic Data Feed:

  • R-Trader
  • Quantower
  • Motivewave
  • Bookmap
  • Agena
  • Sierra Chart Trading and Charting
  • Multi Charts
  • Jigsaw Trading
  • Order Flow Trading
  • eSignal
  • Investor RT
  • Trade Navigator
  • net
  • Photon Trader
  • OScalp
  • Atas

PRO+ Live Market Accounts

In addition to the standard PRO accounts, Take Profit Trader offers the PRO+ account option for traders seeking real-market exposure. The PRO+ accounts operate in live market conditions, enhancing the trading experience with a more favorable profit split of 90/10. This upgrade symbolizes Take Profit Trader’s dedication to providing traders with advanced opportunities for growth and success in the dynamic trading environment​​.

These platforms provide the versatility needed to align with diverse styles and trading strategies to help produce successful traders.

Setting Up CQG Data Feed

Before you begin working with the CQG Data Feed, there are a few steps you need to follow. Firstly, you’ll need to log into Tradovate to sign off on the market data agreements. You’ll find your Tradovate login details inside the Take Profit Trader platform once you’ve signed up for a trial account.

It’s important to note that when you log into Tradovate for the first time to sign the agreement, you’ll be given a choice to select either a Professional or a Non-professional account. To avoid any complications, make sure you choose a Non-professional account.

Once you’ve completed your sign-up, you can start using charting software like NinjaTrader, TradingView, or Tradovate. Your live market data feed should be up and running in no more than five minutes.

Outstanding Customer Support

I love a company that dedicates the resources to ensure a good customer experience and Take Profit Trader shines brightly when it comes to amazing customer service. They work tirelessly, day and night, to ensure traders receive the assistance they require without delay. Whether you’ve hit a snag or simply need clarification on something, the Take Profit Trader support team is always ready to jump in and help. This dedication to customer service shows their commitment to ensuring a smooth and enjoyable trading experience for all their users.

User Reviews of Take Profit Trader

Many users have lauded Take Profit Trader for its remarkable services, ranging from excellent customer service to an efficient payout system. The company’s Trustpilot profile speaks volumes, boasting a notable collection of 362 reviews. The overall feedback paints a positive picture, with a remarkable rating of 4.4 out of 5 stars, indicating the company’s impressive services.

A vast majority of these testimonials reflect the highest rating possible, underscoring the satisfaction and trust among their user base. While a small fraction of these reviews bear the lowest rating, Take Profit Trader showcases a strong commitment to client concerns. The firm routinely addresses these less-than-favorable reviews within a few days, indicating their earnest desire for continuous service enhancement and customer satisfaction. This effort has led to the resolution of nearly all adverse feedback received, displaying their consistent dedication to client contentment.

Take Profit Trader Alternatives

take profit trader competitors

If after reading this far in my Take Profit Trader review you still aren’t convinced, it’s okay, there are other options out there. One popular prop trading firm is Apex Trader Funding. Apex Trader Funding is best known for their one-step evaluation process and simple, easy to follow rules. You can read my Apex Trader Funding review to see if it is right for you.

Check out our full Take Profit Trader vs Apex Trader Funding comparison

Another option for those seeking a reliable partner is City Traders Imperium.  They are well regarded for having excellent customer service and an active and supportive trading community. They also offer a plethora of educational materials to help put their traders in the best position to succeed. I wrote a City Traders Imperium review you can consider checking out if you want to see how it stacks up to Take Profit Trader.

From the Ice Rink to the Trading Floor: The Journey of James Sixsmith

James Sixsmith with his family

James Sixsmith, the founder and CEO of Take Profit Trader, brings a unique blend of sportsmanship and trading acumen to the financial world. Transitioning from a professional hockey career, James faced early setbacks in trading, losing nearly $150,000, which fueled his determination to master the markets.

His journey from novice to profitability, coupled with a desire to rectify common trading pitfalls, inspired him to create a platform emphasizing free, quality education, and straightforward access to trading funding. James’s vision for Take Profit Trader is shaped by his commitment to transparency, exceptional customer service, and a trader-centric approach, distinguishing the platform in the competitive trading industry.

Navigating Trading Styles with Take Profit Trader

Take Profit Trader caters to a variety of trading styles, ensuring that every trader, regardless of their preferred method, finds the platform accommodating and conducive to success.

Adaptable to Diverse Strategies

Whether you’re a scalper thriving on the minute-by-minute fluctuations or a swing trader looking for those significant weekly trends, Take Profit Trader provides the tools and flexibility needed to execute your strategies effectively.

Support for Manual Trading Strategies

Given that Take Profit Trader does not permit the use of trading bots, this platform is particularly well-suited for traders who excel in manual trading. This focus ensures that all trades are executed with a human touch, combining analytical skills with personal intuition to navigate the markets.

Tailored Risk Management

Understanding the varied risk appetites associated with different trading styles, Take Profit Trader incorporates customizable risk rules and maximum drawdown limits. This feature allows traders to define their risk parameters, aligning the platform’s functionality with individual risk tolerance and trading capacity.

Start Trading today and Save 50% on your sign-up costs – click here.

Enhancing Trading Capacity with Take Profit Trader

Take Profit Trader is not just about facilitating trades – it’s about expanding your trading capacity, enabling you to reach new heights in your trading career.

Funding for Growth

One of the standout features of Take Profit Trader is the provision of funding to traders who demonstrate skill and consistency. This financial backing allows traders to scale their operations without the immediate pressure of providing all the capital upfront.

Swift and Direct Payouts

Emphasizing the platform’s efficiency, Take Profit Trader ensures that traders can access their profits swiftly. This feature stands out by providing immediate financial rewards, reinforcing the platform’s commitment to trader satisfaction.

Comprehensive Learning Resources

The platform goes the extra step by offering an extensive range of educational resources. These materials are designed to refine your trading skills further and support your journey from a proficient trader to a seasoned, profitable one, regardless of the starting point.

Expanding Opportunities with Take Profit Trader

Take Profit Trader is dedicated to broadening the horizons for its traders, not just through funding, but by providing avenues for growth and expansion in the trading world.

Community and Networking

Take Profit Trader fosters a strong community of traders, encouraging networking and the exchange of ideas. This environment is ideal for traders looking to expand their knowledge and connect with like-minded individuals, facilitating a collaborative atmosphere that can lead to innovative trading strategies and shared successes.

Partnerships and Collaborations

The platform actively seeks partnerships with industry leaders and educational institutions to provide traders with exclusive insights, tools, and opportunities. These collaborations are aimed at enhancing the trading experience, offering access to cutting-edge technology, and providing educational webinars and workshops that keep traders at the forefront of market trends and trading techniques.

Take Profit Trader Review Verdict: Is TPT Right for You?

With its focus on trader empowerment, Take Profit Trader provides an impressive platform for new and experienced traders. Its transparent model, coupled with robust education and support systems, are key highlights. While it currently only supports futures trading and lacks automated trading or the ability to hold positions overnight, the company’s continuous development and commitment to free quality education show promise.

On the downside, the absence of forex, stocks, or crypto, the non-availability of MetaTrader platforms, and the imposition of a monthly evaluation fee may deter some traders. However, the overall offering is robust and tailored towards sustainable trading.

So it’s right that Take Profit Trader can be a valuable partner for traders seeking to maximize profits while mitigating risks. While it could be a better fit for everyone, I believe its focus on education, community, and risk management makes it a strong contender in the prop trading firm arena.

Ready to take your trading game to the next level? Take advantage of the opportunities; explore Take Profit Trader today and discover how it can be the trading partner you’ve been looking for!

Save 50% with Coupon Code MODESTMONEY

Frequently Asked Questions

To start your journey with Take Profit Trader, click the link provided in this article which will direct you to their official website. Here’s a step-by-step guide on how to proceed:

  • Begin by registering on their homepage. Simply fill in your details to complete the registration process.
  • Check your inbox for a confirmation email which includes a link to verify your account.
  • After confirming your email, you can log in to your user dashboard.
  • Inside your dashboard, you’ll find a ‘Create New’ button. Click this to start setting up your evaluation account.
  • You’ll then be given the option to select your preferred account size.
  • Next, choose the data feed that suits your trading preferences.
  • You will then be prompted to enter a promo code if you have one, and select your preferred payment method.
  • Finally, enter your payment details to finalize the purchase of your account.

And just like that, you’re all set to begin trading with Take Profit Trader!

The live chat option on their website is operational from Monday to Friday, between 6 AM and 4:30 PM Eastern Standard Time (EST). If you wish to communicate with them outside of these hours, you’re welcome to leave a message in the chat box. You can expect an email response from them within a few hours.

Take Profit Trader prioritizes transparency and customer satisfaction, offering a 72-hour refund window for account purchases, provided the account hasn’t been used for trading. A $75 fee is deducted to cover non-recoverable costs, such as technology and market data fees. Accepted payment methods aim to accommodate a wide range of preferences, ensuring convenience and security for all transactions.

Take Profit Trader employs advanced security protocols to protect user data, incorporating measures like robust encryption and stringent data protection practices. The platform is committed to upholding the highest privacy standards, ensuring that personal and financial information is safeguarded against unauthorized access, and adhering to strict privacy policies.

Take Profit Trader is designed to be versatile, supporting a wide range of trading strategies from day trading to swing trading. The platform offers customizable tools and features that can be tailored to match the specific needs of each trading style, ensuring optimal trade executions.

No, Take Profit Trader emphasizes the importance of manual trading strategies, ensuring that all decisions are made with a personal touch. This approach aligns with the platform’s commitment to fostering a high level of engagement and strategy development among its traders.

The platform provides advanced risk management tools, including adjustable risk rules and maximum drawdown settings. These features empower traders to set limits that align with their risk tolerance, safeguarding their capital while pursuing trading opportunities.

Take Profit Trader employs advanced encryption and security protocols to safeguard your personal information and funds. The platform is dedicated to ensuring that all data is securely stored and that transactions are conducted safely, giving you peace of mind while you trade.

Yes, Take Profit Trader offers funding to traders who meet certain criteria, demonstrating consistent success in their trading activities. This funding can significantly enhance a trader’s capacity to execute larger trades and pursue more ambitious trading goals.

Take Profit Trader offers instant payouts, ensuring that traders can access their earned profits without unnecessary delays. This swift payout system is particularly beneficial for traders who rely on quick liquidity.

Take Profit Trader offers a comprehensive suite of educational materials, focusing on enhancing traders’ knowledge and skills. These resources are continuously updated to reflect the latest market trends and trading strategies, supporting traders at all levels in refining their approach to the markets.

Take Profit Trader has clear guidelines regarding minimum trading days, ensuring traders have ample time to demonstrate their trading proficiency without undue pressure. This approach allows traders to focus on strategy and execution, rather than rushing to meet time constraints.

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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