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The Take Profit Trader review was a popular request from people who wanted to know my opinion on the Take Profit Trader sponsored trader review program. Take Profit Trader has a few advantages that you will learn about below, but mostly when you pass, you pass! There are no minimum days before your first withdrawal!
They often run deals and I keep a current list of deals and sales on my Sponsored Merchant Deals Review page. You will find there Take Profit Trader coupons and Take Profit Trader promotions if they are running.
My Take Profit Trader Review Summary
Take Profit Trader is a popular choice and one of my most recommended companies. They are requested quite often. Best known for offering traders the ability to pass your assessment without a minimum number of trading days. Also, there is no escalation either in the assessment or after you pass, and most importantly the ability to manage your own withdrawals. Submit a request whenever you want and receive your money within a day.
You can read more below about what I like and dislike about Take Profit Trader.
Ratings and pricing available
Get Profit Trader reviews from August 2023. Please note that the prices below are before discounts and may change at any time. Below is the current list:
| Account size | Price/month* | Contracts | Target | Withdrawal |
| $25,000 | $150 | 3 | $1,500 | $1,500 |
| $50,000 | $170 | 6 | $3,000 | $2,000 |
| $75,000 | $245 | 9 | $4,500 | $2,500 |
| $100,000 | $330 | 12 | $6,000 | $3,000 |
| $150,000 | $360 | 15 | $9,000 | $4,500 |
Software available
When you sign up for Take Profit Trader, you will be logged in through Rithmic or CQG, like most trader rating companies. You can trade with Rithmic Pro (their software) but it’s not that great. You get a free license to NinjaTrader and Tradovate with Take Profit Trader, which I recommend.
Clarification of multiple accounts
You are allowed to do multiple evaluations and you can use a commercial copy. They only allow 3 Pro and Pro+ accounts though (not 3 of each, 3 total).
Evaluation rules
Below are the general rules. Be sure to read the specific rules on their website.
- 1 step
- 5 minimum trading days
- Consistency rule: May not exceed 50% of profits in 1 day
- The retreat is calculated at the end of the day
- Daily loss limits must be met – No daily loss limits in Pro+ account
- There is no escalation plan during the trial (not even when you are on the Pro account)
Obviously, if you’re new to trading, a lot of this can be confusing. I recommend that you thoroughly read their FAQ and know what you are getting into.
Funded Account Rules
The general rules for Take Profit Trader will be the same as the assessment. Same products, no exfoliation. Read below for withdrawal rules. The one big rule change is the EOD withdrawal changes to final withdrawal. This is definitely important to note.
Funded Account Fees
There is a flat one-time fee of $130 for all accounts regardless of size. Some companies do this (an activation amount vs. varies by account size) which is preferred, as some companies charge more the larger the account is and usually well over $130. This is a great benefit for Take Profit Trader.
Funded Account Withdrawal Frequency and Methods
Take Profit Trader offers withdrawals that you can request at any time. You initiate your own withdrawals from your Wallet in your dashboard. It’s very convenient, and payments are often in my bank account the same day, if not the next.
You can withdraw from Day 1 of funding! Profit sharing is 80/20 (you keep 80% of your winnings). To receive the 80% payout rate, your balance must be above the temporary band, which is equal to the maximum withdrawal amount. For example, in the $50,000 account the maximum withdrawal is $2,000. Therefore, all funds over $52,000 are eligible for the 80% payout, from day 1. If you had a balance of $60,000 and withdrew $8,000, you would get $8,000 x 80% = $6,400 and your balance would come back to $52,000.
Advantages of Take Profit Trader
- 1 step evaluation
- $130 flat activation fee (sometimes $0 on offer)
- Tradovate and NinjaTrader are both available
- Request payments at any point of the month
- Reset your Pro account up to 3 times (no need to go back to rating if you break a rule after funding)
Disadvantages of Take Profit Trader
- Rules of consistency
- No trading bots/algos allowed
Unique features that make Take Profit Trader stand out
- They run promotions often and are larger in size. I’ve seen 50% off for example. If you use my link you will always get the best pricing available: Take Profit Trader
- The relatively small one-time activation fee of $130
- Complete control over your withdrawals
Hope you found my Take Profit Trader review useful. Feel free to email me from my Contact Page with any questions and I’ll do my best to answer.
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Additional Take Profit Trader articles
Note that many of these articles are older and information may have changed. Visit Take Profit Trader and its FAQ section for the latest.
Risk Disclosure:
Futures and currency trading involve significant risk and are not for every investor. An investor could potentially lose all or more of the original investment. Venture capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only venture capital should be used for trading and only those with sufficient venture capital should consider trading. Past performance is not necessarily indicative of future results.
Disclosure of Hypothetical Performance:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are often stark differences between the 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 trades do not involve financial risk and no hypothetical trade record can fully explain the financial risk impact of actual trades. for example, the ability to withstand losses or stick to a certain trading schedule despite trading losses are important points that can also negatively affect actual trading results. There are many other factors related to the markets in general or the implementation of any particular trading program, which cannot be fully taken into account in the preparation of hypothetical performance results, and all of which can adversely affect trading results.
You can read more here: Risk Disclosure
Affiliate disclosure:
External links on my website and in my video descriptions to merchant rating companies and software companies are primarily affiliate links. I earn a commission from these companies for any sale made by people who visit these links. That being said, I only recommend companies and software that I personally use and actually recommend. Believe me, I turn down many companies that approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and more may differ from what is stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, FAQs, knowledge base and support of any of the sites and companies we link to or discuss on our site. The information on their website will always be what ultimately dictates the current rules of their program, software or otherwise. While we are independent, we may receive compensation for advertising, sponsored products, or when you click on a link on our site. Contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.
