What Traders Are Saying About Take Profit Trader

Jeremy BiberdorfBy: Jeremy Biberdorf

March 7, 2024March 7, 2024

Take Profit Trader logo

In the world of trading, particularly for those dealing with futures, having a solid financial foundation can make all the difference. That’s where the concept of trader funding becomes a game-changer, helping ambitious traders to step up their game.

Take Profit Trader has established itself as a key player in this field, offering a prop trading solution that’s all about simplicity and support. They’re not just handing out funds; they’re equipping traders with the capital to apply their skills effectively and reap consistent profits. The platform is known for being user-friendly, steering clear of complicated terms or hidden fees.

There’s a lot of buzz about the added value they provide. One standout feature is their educational resources. What was once behind a paywall is now freely available, demonstrating a genuine interest in their traders’ success. This approach not only helps traders refine their strategies but also fosters a supportive trading community.

Take Profit Trader is not just seen as a funding source but as a partner in the trading journey, offering tools and resources to help traders thrive in the futures market. Keep reading as I cover what traders are saying about Take Profit Trader so you can decide if they are the right prop trading partner for you.

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What is Take Profit Trader?

Before I get into what traders are saying about Take Profit Trader, I would like to cover a little bit of background information. Nestled in Orlando, Florida, Take Profit Trader has made its mark primarily in the futures market.

This proprietary trading firm is all about giving traders the upper hand by providing them with the funds they need to trade big without dipping into their own wallets. But it’s not just about the money; education is at the heart of their operation. They offer a slew of resources and trading courses free for anyone under their wing, all laid out in a straightforward, no-nonsense manner.

The driving force behind Take Profit Trader is James Sixsmith, a former ice hockey player who swapped the rink for the trading floor. Armed with personal trading experience and a passion for teaching, Sixsmith set out to create a platform that cuts through the usual trading complexities.

He wanted to build a space where new traders could feel supported every step of the way, reducing the intimidation factor and ramping up the support. That’s the ethos behind Take Profit Trader – simplifying the journey while backing up traders with solid education and risk management strategies.

What Traders Are Saying About Take Profit Trader

One of the best ways to find out if a platform is right for you, is to see what others are saying about them. Take Profit Trader has an “excellent” rating on Trustpilot with an average review score of 4.3 out of 5, from over 775 users, at the time of writing this. Here are some of the most telling positive and negative reviews I came across while combing through countless reviews.

What Good Things Are Traders Saying About Take Profit Trader?

Here are the most telling positive reviews about Take Profit Trader I came across:

Cody N
2 reviews
Jan 12, 2024

A prop firm that creates better traders

They are one of the top prop firms that have rules that create great traders. The consistency rule makes you walk away while you’re ahead and the daily drawdown makes you quit before you lose even more money. No issues so far and received my PRO account about 12 hours after passing the evaluation. Will start trading the PRO account smaller to build that withdraw buffer and I should be golden!

Date of experience: January 12, 2024

Isaiah Adam
1 review
Jan 24, 2024

Customer service

Customer service in general is prompt and informed. Rhayan in particular was informative and kind. I would definitely recommend TPT. These are guys are pros and are registered in the US. I’ve been around the block and I am impressed.

Date of experience: January 24, 2024

Thomas Burnham
7 reviews
Feb 2, 2024

Customer Service is at the top of the…

Customer Service is at the top of the Scale. Also, their programs are pretty seamless and easy to understand.
Fast Set up is appreciated.
Pay out speed is above the rest!
I would have given Five Stars in a heartbeat if they would change the Pro and Pro plus account rules to EOD like the practice account, then they would be the best program I have seen out there!!

Date of experience: February 02, 2024

What Bad Things Are Traders Saying About Take Profit Trader?

With so many reviews online, there are a few traders have some negative things to say about Take Profit Trader, let’s get into them:

1 review
Feb 19, 2024

I liked everything about takeprofit…

I liked everything about takeprofit trader except their pro reset fees. High amount and no where did it tell you how much to reset pro account right until u fail the pro and the email comes in.

Date of experience: February 12, 2024

This is a complaint I noticed in other negative user reviews about Take Profit Trader. Be aware of all reset fees before signing up and take the into account when determining if Take Profit Trader is the best prop trading firm your your needs.

9 reviews
Updated Jan 22, 2024

Takeprofittrader would be the best prop…

edit: [I just changed it to three stars because of their response-this is a company that listens, unlike some other prop firms…ahem APEX] Takeprofittrader would be the best prop firm out there hands down because of it Instant payouts and it’s good customer service; but the reason why I give it three stars is because of the intraday-trailing drawdown. It’s not in the evaluation, so why is it in the pro accounts? Same with the news rule. If traders profit from it, so does TPT… If traders blow their accounts from it, then TPT profits, because the customers will buy a new account right away! Kudos to them for getting rid of the 50 executions rule though. People would feel less ripped off and, economically the company would profit more if they didn’t have these rules in the pro accounts.
These cheap rules like the intra-day trailing draw down, feels like a petty cash grab from the company.

Date of experience: January 17, 2024

What this trader is saying about Take Profit Trader is a common complaint against many prop trading firms. Often the rules for the evaluation are different than once you have a funded account. Part of your assessment about Take Profit Trader should be rules for both the evaluation AND the funded accounts.

Final Thoughts

In wrapping up, it’s essential to consider what traders are saying about Take Profit Trader before making a commitment. This platform stands out in the prop trading world, particularly for those specializing in the futures market, by not only providing financial backing but also focusing on education and support to help traders succeed. The simplicity and transparency of their system have received positive feedback from many in the trading community.

By considering both the positive and negative aspects shared by current users, you can gain a balanced view of the platform. This feedback is crucial for understanding whether Take Profit Trader aligns with your trading needs and goals.

If you’re curious about how Take Profit Trader could fit into your trading strategy, Click Here to learn more and perhaps take the next step in your trading journey.

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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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