Cost

$150-$360

Instruments

Futures

Free Platforms

TradingView, Tradovate, NinjaTrader, Quantower, R | Trader

Minimum Trading Days

10

Minimum Days Until First Withdrawal

0

Highlights

No minimum days until first withdrawal, Immediate withdrawal process, Pro account resets (up to 3), One-time pro account fee / no monthly fee, Live support 11 hours per day

Take Profit Trade is a one-step, no-nonsense funding company. Our system and process will allow you to achieve your potential as a trader. Our platform is free of any frills or gimmicks and simplifies the process of making sustainable profits with Take Profit Trader capital.

Take Profit Trader Overview

Take Profit Trader, not to be confused with “take profit order,” was started by a guy named James Sixsmith. James is a retired ice hockey player who started trading during his career to have more control over his financial future. As with any new trader, James initially lost nearly $150K; however, being an athlete helped him not quit and continue powering through the learning pains.
By learning how to trade and manage the emotions that go into trading, Mr. Sixsmith realized that he was not the only one who struggled with this at first while trading. Because of this realization, James started a Trade Context where he taught new and experienced traders by simplifying trading chaos.
Take Profit Trader was started as a platform with everything any trader would need to get funded and learn the ins and outs of trading. James is a strong believer in free quality education and now is including courses that used to be paid courses under Trade Context into Take Profit Trader free of charge.
Take Profit Trader rules are easy to follow as they are straightforward. However, the programs are not set up to have the traders hit reset marks and bank on that. This is one of the biggest separators of Take Profit Trader from its competitors.

How Take Profit Trader Works

The Take Profit Trader funding program model is straightforward and consists of 4 parts:

The Take Profit Trader funding program model is straightforward and consists of 4 parts:

  • Choose the asset class that you would like your evaluation to be in. This could be either Futures or Stocks. Once chosen, you must determine the capital size you would like to manage and register for the program. Ideally, this would be chosen based on the skills and experience that are under your belt.
  • The next step is proof of your ability to trade. You will need to show Take Profit Trader that you are a solid trader, and that’s where the rules come in. It would help if you reached the profit target while staying within the daily loss limit and drawdown. Once you prove your skills by following the rules set by Take Profit Trader, you become a qualified funded trader.
  • Funded Trader account going live. Once you become a funded trader, your account becomes active, and you can start trading for real money immediately. Take Profit Trader signals that you should be fine with passing your evaluation and becoming a funded trader.
  • You are making withdrawals from your funded trader account with Take Profit Trader. Many prop firms love to take your money quickly, but when it comes to withdrawals, they tend to drag their feet. Take Profit Trader seems to understand the urgency of traders to withdraw money and promises to process withdrawals faster than the competitors. You get to keep 80% of all of the profits that you make.

Take Profit Trader Programs

Asset Class Choices
Currently, Take Profit Trader asset classes only consists of Futures. The prop firm has Stocks, Forex, and Crypto marked as “coming soon…” Following Take Profit Trader programs will be exciting to see how the company grows into other asset classes and what additional features it will provide for its traders.
Account Sizes and Pricing

This section will be updated once Take Profit Trader gets into more asset classes. But for right now, the company is offering the following account sizes, which I found to be fairly common with other funded futures trader programs:

  • $25K account
  • $50K account
  • $75K account
  • $100K account
  • $150K account
Once you become a Pro Trader, your monthly fees go away. Yup, you only have to pay a one-time set up fee of $130 and you are all set.
The table below breaks down the high-level rules and pricing for each account.

Account Size: $25K

Price

$150 / month

Profit Target

$1500

Max Position Size

3 Contracts / 30 Micros

Daily Loss Limit

$500

EOD Trailing Drawdown

$1500

Account Size: $50K

Price

$170 / month

Profit Target

$3,000

Max Position Size

6 Contracts / 60 Micros

Daily Loss Limit

$1100

EOD Trailing Drawdown

$2000

Account Size: $75K

Price

$245 / month

Profit Target

$4500

Max Position Size

9 Contracts / 90 Micros

Daily Loss Limit

$1600

EOD Trailing Drawdown

$2500

Account Size: $100K

Price

$330 / month

Profit Target

$6000

Max Position Size

12 Contracts / 120 Micros

Daily Loss Limit

$2200

EOD Trailing Drawdown

$3000

Account Size: $150K

Price

$360 / month

Profit Target

$9000

Max Position Size

15 Contracts / 150 Micros

Daily Loss Limit

$3300

EOD Trailing Drawdown

$4500

Take Profit Trader Connectivity Options

There are over 30 trading platforms that are available for you to connect to. Regarding data feeds, Take Profit Trader recommends using CQG Data Feed over Rithmic Data Feed. Below let me go over the platforms that are available with each of the data feeds.
CQG Data Feed:
  • NinjaTrader
  • TradingView
  • Tradovate
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
  • VolFix.net
  • Photon Trader
  • OScalp
  • Atas

CQG Data Feed Set Up

It is worth mentioning about working with CQG Data Feed is that you must first log in to Tradovate to sign the market data agreements. The login information for your Tradovate account will be located inside the Take Profit Trader platform upon signing up for a test account.
Remember that once you open Tradovate for the first time to sign the agreement, you will have the option to select if you are signing up for a Professional or Non-professional account. Please sign up for the Non-professional account to avoid any issues.
Once you sign up, you can use charting software such as NinjaTrader, TradingView, or Tradovate. Your live market data feed should become available to you within 5 minutes.

Important Information for Using Rithmic Data Feed With Take Profit Trader

Before your trading test begins, you must download R Trader Pro from Rithmic. This will allow you to sign the market data agreements. If R Trader Pro is not installed on your computer, you must download it from the Rithmic website.
After you download R Trader Pro and install it, you will be asked to sign two mandatory agreements:
  • Rithmic, LLC Market Data Subscription Agreement
  • Rithmic, LLC Market Data Self-Certification
After signing both, you must select the “Non-Professional” option and hit Submit. Again, it would help if you took the time to read the agreements you are signing before agreeing to them.

Review & Ratings

Trustpilot

Online Prop Trading: 4.7

Facebook: 4.7