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This comprehensive Take Profit Trader review delves into the nuances of this renowned company, providing you with the essential details you need before making any commitments.
Take Profit Trader Overview
Founded with a vision to revolutionize the trading landscape, Take Profit Trader has its roots in the innovative mindset of James Sixsmith, a former ice hockey player turned trading enthusiast. His firsthand experience of the challenges faced by novice traders laid the foundation for a platform that makes trading simpler but also shoulders the risk, ushering in a new era of trading empowerment.
Take Profit Trader specializes in the futures market, providing a unique proposition for traders. At its core, the company offers funding to traders, allowing them to leverage substantial capital without putting their own money at risk. This distinctive approach, coupled with a commitment to transparent and straightforward trading rules, sets Take Profit Trader apart in prop trading.
Take Profit Trader Core Features
Take Profit Trader is a proprietary trading firm with distinctive features that benefit traders. This Take Profit Trader reviewgives an overview of its key features:
Funding for Traders: The core offering of Take Profit Trader is providing financing for traders, allowing them to leverage significant capital without risking their own money. This empowers traders to manage substantial funds.
No Minimum Holding Period: Traders can make their first withdrawal without any minimum days required. This flexibility allows traders to access their earnings when they need them.
Transparent Model: Take Profit Trader operates on a transparent model without hidden complexities, ensuring that traders have a clear understanding of their positions and risks.
Immediate Engagement with Markets: Becoming a funded trader is streamlined, with no downtime. This allows traders to begin making money immediately after proving their competence.
Profit Sharing: The profit-sharing structure heavily favors the trader, with 80% of profits going directly to them. This ensures that traders retain the majority of their hard-earned results.
Diverse Platform Selection: Take Profit Trader offers access to more than 30 different trading platforms, providing traders with a wide range of options for their trading activities.
Supportive Community: The private Discord channel allows traders to meet other traders, explore education offerings from head traders, and foster a supportive learning environment.
Founder’s Vision: Founded by James Sixsmith, a retired ice hockey player and trading enthusiast, the firm is built on empowering traders through education and risk mitigation.
Excellent Customer Support: Take Profit Trader is known for its outstanding customer service, with fast and responsive support available day and night.
These features collectively make Take Profit Trader a compelling choice for traders looking to thrive in the competitive world of proprietary trading.
Take Profit Trader Business Model
Take Profit Trader sets practical profit targets for each account size, aligning with industry standards for proprietary trading firms. The profit objectives based on account size in futures contracts are as follows:
For a $25,000 account, the target is set at $1,500 with 3 contracts.
With a $50,000 account, traders aim for a $3,000 profit, managing 6 contracts.
A $75,000 account comes with a target of $4,500, spread across 9 contracts.
Those with a $100,000 account strive for a $6,000 profit, trading 12 contracts.
For accounts totaling $150,000, the target is $9,000, managed through 15 contracts.
Best Futures Prop Trading Firms
Regarding the best futures prop trading firms, elite names like Elite Trader Funding, Maverick Trading Firm, and Take Profit Trader stand out prominently. These firms have distinguished themselves in the industry by offering a combination of trader empowerment, comprehensive education, and risk mitigation strategies. Elite Trader Funding, known for its rigorous evaluation process, ensures traders have the skills and discipline to thrive. Maverick Trading Firm, emphasizing professional development, provides a platform for traders to excel. Take Profit Trader, on the other hand, revolutionizes the trading landscape by enabling traders to leverage substantial capital without risking their own money. Each of these firms brings its unique approach, catering to a diverse range of traders seeking opportunities in the futures market.
Third-Party Ratings And Reviews
According to Take Profit Trader review, Take Profit Trader is praised by its user base for its exceptional services. Fast and friendly customer service, a range of evaluation systems, and swift payouts on funded accounts are some aspects that traders have commended. The company’s Trustpilot profile boasts a remarkable rating of 4.3, further affirming its commitment to customer satisfaction.
“I have always been a good Forex trader. This was my first attempt at any funded trader program. I chose futures, it just seem more appealing. I will admit it took me about 7 times to pass the test. My advice – Slow down use micros. Same thing on the pro account. Took me a little bit to understand it being new to futures. Set you a TP and a SL and let the trade play out. Good luck to you all.”
“I’ve never traded for a such a fast, most reliable, and fantastic customer service! Overall the best experience I’ve ever had with any firm through forex or futures. Really love what they’re doing here!”
Final Thoughts: Take Profit Trader Review
In conclusion, Take Profit Trader, a top-notch trading gem, emerges as a noteworthy player in prop trading firms. Its unique approach, founder’s vision, commitment to education, and stellar user reviews all contribute to its standing in the industry. While it primarily focuses on futures trading and may not cater to all trading styles, Take Profit Trader remains a strong contender for traders seeking a partner in their journey toward profitable trading.
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