Discount Alert! Take Profit Trader Promo Code
Take Profit Trader runs promos every month! After reading my Take Profit Trader Review below, visit my Deals and Promos page for the current promo! Note that you ALWAYS get the best price plus by visiting Take Profit Trader – the current promo will be at the top of the page!
Take Profit Trader review has been a popular request from people who wanted to know what I thought of the Take Profit Trader funded trader evaluation program. Take Profit Trader has a few benefits which you’ll learn out below, but mainly when you pass, you pass! No minimum days before your first withdrawal!
They often run deals, and I keep a current list of deals and sales on my Funded Trader Evaluation Deals Page. You will find Take Profit Trader coupons and Take Profit Trader promos there if they are running any.
Summary of My Take Profit Trader Review
Take Profit Trader is a popular choice and one of my most recommended companies. They are requested quite often. Most known for offering traders the ability to pass your evaluation with no minimum number of trading days. As well there is no scaling either in the evaluation or once you pass, and most notably the ability to manage your own withdrawals. Put in a request any time you like and receive your funds within a day.
You can read more below about what I like and dislike about Take Profit Trader.
Evaluations Available and Pricing
Take Profit Trader evaluations as of August 2023. Note the prices below are before discounts, and may change at any time. Below is the current list:
When you sign up with Take Profit Trader you will connect via Rithmic or CQG, like most trader evaluation companies. You can trade in Rithmic Pro (their software), but its not that great. You do get a free license to NinjaTrader and Tradovate with Take Profit Trader though which I recommend.
Multiple Accounts Clarified
You are allowed to take multiple evaluations and you can use a trade copier. They do allow though only 3 Pro and Pro+ accounts (not 3 of each, 3 in total).
Below are the general rules. Be sure to read the specific rules on their site.
- 1 step
- 5 minimum trading days
- Consistency rule: No more than 50% of profits allowed in 1 day
- Trailing draw down is calculated at End of Day
- Daily Loss Limits must be followed – No Daily Loss Limits on Pro+ Account
- There is no scaling plan during the evaluation (nor when in Pro account)
Obviously if you are new to trading a lot of this might seem confusing. I recommend reading extensively over their Faqs and knowing what you are getting yourself into.
Funded Account Rules
The general rules for Take Profit Trader will be the same as the evaluation. Same products, no scaling. Read below for withdrawal rules. The one big rule change is the EOD drawdown changes to a trailing drawdown. This is definitely important to note.
Funded Account Fees
There is a flat one time fee of $130 for all accounts regardless of size. A few companies do this (one activation amount vs. varies by account size) which is preferred, as some companies charge more the larger the account, and usually far more than $130. This is a great benefit to Take Profit Trader.
Funded Account Withdraw Frequency & Methods
Take Profit Trader offers withdrawals which you can request any time. You initiate your own withdrawals from your Wallet in your dashboard. It’s very convenient, and payments often hit my bank account the exact same day, if not the next.
You can withdraw from Day 1 of being funded! The profit split is 80/20 (you keep 80% of your profits). To receive the 80% payout rate, your balance needs to be above the buffer zone, which is equal to the amount of your maximum drawdown. For example, in the $50,000 account the max draw down is $2,000. So all the funds up and above $52,000 are eligible for the 80% payout, right from day 1. If you had a $60,000 balance and withdrew $8,000 you would receive $8,000 x 80% = $6,400, and your balance back to $52,000.
Pros of Take Profit Trader
- 1 step evaluation
- $130 flat activation fee (sometimes $0 when on promo)
- Tradovate and NinjaTrader both available
- Request payouts at any point in the month
- Reset your Pro account up to 3 times (not having to go back to evaluation if you break a rule once funded)
Cons of Take Profit Trader
- Consistency rules
- No trading bots/algos allowed
Unique Standout Features of Take Profit Trader
- They run promotions often and they are bigger sized. I’ve seen 50% off for example. If you use my link, you’ll always get the best available pricing: Take Profit Trader
- The relatively small one-time activation fee of $130
- Total control over your withdrawals
We hope you found my Take Profit Trader review helpful. Feel free to email me from my Contact Page with any questions and I’ll do my best to answer.
Be Notified Of New Trader Evaluation Promotions
Submit your email if you want to be notified of new trader evaluation promotions. I never spam nor sell anything. Usually 2-3 emails a month are sent with the latest deals.
My Top Rated Funded Futures Programs
- Apex Trader Funding Review and Discount
- Topstep Review and Discount
- Take Profit Trader Review and Discount
Take Profit Trader Additional Articles
Note several of these articles are older and the information may have changed. Please Visit Take Profit Trader and their faqs section for the very latest.
- Take Profit Trader Pro+ Account Information
- Interview with James Sixsmith the Founder of Take Profit Trader
- Top 10 Take Profit Trader Questions Answered
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
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