Overview
Take Profit Trader is a proprietary trading firm specializing in futures, offering a 1-step evaluation process and an attractive 80% profit split. Founded in 2020 in the US, the firm has established a reputation with a strong Trustpilot score of 4.4/5 from over 8,500 reviews. Take Profit Trader stands out with its wide platform support and features like day-one payouts.
Challenge Structure & Pricing
The firm's 1-step challenge is priced at $150, with a one-time activation fee of $130. While the entry cost is higher compared to some competitors, the potential for day-one payouts and a scaling plan may justify the investment for serious traders. The monthly subscription model may be a drawback for some, but it provides access to live market trading and other features.
Profit Split & Payouts
Take Profit Trader offers an 80% profit split, which is competitive in the industry. Payouts are made every 2 business days, providing traders with relatively quick access to their earnings. The firm's payout track record is not explicitly stated, but the high Trustpilot score suggests a reliable payout process.
Trading Conditions
The firm supports multiple platforms, including NinjaTrader, Tradovate, Rithmic, and TradingView, giving traders flexibility in their trading setup. The max drawdown is trailing, which may require traders to adapt their risk management strategies. Take Profit Trader focuses on futures assets, which may limit traders who prefer other asset classes.
Trust & Reputation
With a Trustpilot score of 4.4/5 from 8,519 reviews, Take Profit Trader has demonstrated a strong reputation in the industry. The high review count and positive score suggest that the firm has consistently met or exceeded trader expectations. While there may be some negative reviews, the overall sentiment is positive.
Who Is It Best For?
Take Profit Trader is best suited for experienced futures traders who can capitalize on the firm's features, such as day-one payouts and live market trading. The higher entry cost and monthly subscription model may deter casual or beginner traders. However, serious traders who can manage the trailing max drawdown and adapt to the firm's rules may find Take Profit Trader to be a lucrative opportunity.
The Bottom Line
Take Profit Trader offers a competitive profit split and payout structure, along with a range of features that cater to experienced futures traders. While the higher entry cost and monthly subscription model may be drawbacks, the firm's strong reputation and wide platform support make it a viable option for serious traders. Overall, Take Profit Trader is a solid choice for traders who can navigate the firm's rules and capitalize on its features.
This review was generated by AI based on publicly available data and may not reflect the most recent changes.
