Take Profit Trader Review
- Exclusive backtesting system for profits
- Powerful algorithms find optimal entries
- Customizable solutions for diverse markets
- Automated signals increase trading precision
- Comprehensive support ensures trading success
Company Overview
Take Profit Trader is a modern proprietary trading firm designed to help traders access substantial capital without requiring large personal investments. Founded with the mission to empower traders of all experience levels, the company offers funded account challenges that, upon successful completion, allow traders to manage significant capital and keep up to 90% of the profits they generate.
What sets Take Profit Trader apart is their transparent two-phase evaluation process, consisting of a Challenge Phase and a Verification Phase. Their programs feature competitive profit targets, reasonable drawdown limits, and flexible trading conditions. The firm supports various financial markets including forex, indices, commodities, and cryptocurrencies, accessible through popular platforms like MetaTrader 4 and MetaTrader 5.
With account sizes ranging from $10,000 to $200,000, Take Profit Trader offers options suitable for both beginners taking their first steps in funded trading and experienced professionals seeking substantial capital backing.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee starting from $99 for $10K account, scaling based on account size
- Professional Challenge – One-time fee starting from $159 for $10K account with more lenient trading conditions
- Refundable Fee Option – All challenge fees are refunded upon successful funding
- Discount Promotions – Periodic promotional discounts available for new clients
Account Types
- Standard Challenge: 8% profit target in each phase, 5% daily drawdown limit, 10% max drawdown limit
- Professional Challenge: 6% profit target in each phase, 6% daily drawdown limit, 12% max drawdown limit
- Funded Account: Live trading account with profit splits after successful completion of both challenge phases
- Scaling Account: Opportunity to grow account size based on consistent performance
Profit Split Options
- Standard Split: 80% trader/20% company – Default profit split for most funded traders
- Advanced Split: 90% trader/10% company – Available to consistently profitable traders after proven track record
- Scaling Bonuses: Additional percentage points added to trader’s split based on performance milestones
- Monthly Payouts: Regular profit disbursements with no minimum withdrawal amount
Account Sizes
- $10,000: Entry-level account ideal for beginners, lowest challenge fee
- $25,000: Mid-tier account for traders with some experience
- $50,000: Advanced account for experienced traders seeking larger capital
- $100,000: Professional account for high-volume traders
- $200,000: Expert account offering maximum trading capital for established traders
Trading Platforms
- MetaTrader 4 (MT4): Classic platform with intuitive interface, extensive technical analysis tools, and customizable features
- MetaTrader 5 (MT5): Advanced platform with enhanced features including depth of market, economic calendar, and more technical indicators
- Mobile Trading: Full-featured mobile applications for both MT4 and MT5 platforms
- Web Trading: Browser-based access for convenient trading without software installation
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including US30, S&P 500, NASDAQ, DAX, and more
- Commodities: Energy products (oil, natural gas), precious metals (gold, silver), and agricultural products
- Cryptocurrencies: Major digital currencies including Bitcoin, Ethereum, and other popular altcoins
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 8% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 6% | 6% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Up to $200,000 in initial account funding after successful challenge completion
- Scaling: Account size can increase by 25% for each consistent month of profitability (minimum 5% profit with proper risk management)
- Trading Competitions: Monthly contests with additional cash prizes and increased account sizes for top performers
- Free Trial: 7-day demo challenge available for new traders to test the platform
- Profit Targets: 8% for Standard Challenge, 6% for Professional Challenge with no time limits
- Drawdown Structure:
- Daily: 5% for Standard, 6% for Professional, calculated from account balance at the start of each trading day
- Maximum: 10% for Standard, 12% for Professional, calculated from initial account balance
- Trailing: No trailing drawdown – fixed maximum drawdown calculated from initial balance
Trading Rules and Requirements
- Weekend holding is allowed – positions can remain open through weekends
- News trading is permitted – no restrictions on trading during high-impact economic events
- Stop-loss orders are recommended but not mandatory
- Minimum 5 trading days required during each challenge phase
- Minimum trading period of 2 days with open positions (cannot complete in single day)
- Maximum allowed lot size is relative to account size (0.1 lots per $10,000)
- Prohibited strategies include expert advisors, algorithmic trading, grid/martingale systems, and arbitrage
- Trading hours restriction: market must be open, no off-market hour trading
Company Information
- Founded in 2020 with a focus on providing accessible funded trading opportunities
- Global service available to traders in most countries (certain restrictions may apply)
- 24/5 customer support via email, live chat, and dedicated Discord community
- Educational resources including free webinars, strategy guides, and trading tutorials
- Regular system updates and feature improvements based on trader feedback
Payout Methods
- PayPal (1-3 business days)
- Bank Wire Transfer (3-5 business days)
- Bitcoin and other cryptocurrencies (24-48 hours)
- Skrill (1-2 business days)
- Minimum withdrawal amount: $50
- Monthly payout cycle with additional options for frequent withdrawals for high-volume traders
Trading Commissions
- Forex pairs: $5 per lot round turn commission + market spread
- Indices: $5 per lot round turn commission + market spread
- Commodities: $5 per lot round turn commission + market spread
- Cryptocurrencies: $10 per lot round turn commission + market spread
- No hidden fees or additional charges beyond standard commissions
IP Rules
- Login from one primary location recommended
- Limited to 2 different IP addresses (home and office/mobile)
- Multiple device access allowed from approved IP addresses
- VPN usage permitted with prior notification to support
- Travel accommodation available with advance notice
Video Review
Take Profit Trader Review
Comprehensive review of Take Profit Trader trading services
Unique Features
Trading Flexibility
- No time limits to complete challenges – trade at your own pace
- Weekend position holding allowed without restrictions
- News trading permitted – capitalize on market-moving events
- No minimum trade day requirements after funding
Trader Benefits
- Refundable challenge fees – 100% of challenge fee returned upon successful funding
- Aggressive scaling program – increase account size by 25% per month with consistent performance
- Higher profit splits (up to 90%) for consistent performers
- Trading dashboard with detailed analytics and performance tracking
Educational Resources
- Free weekly webinars with professional traders
- Comprehensive trading guides and strategy documents
- Active Discord community with dedicated support channels
- One-on-one coaching sessions available for funded traders
Why Choose Take Profit Trader?
Take Profit Trader stands out in the crowded prop firm landscape by offering a balanced combination of trader-friendly conditions and robust capital backing. Their approach prioritizes creating sustainable trading opportunities rather than simply collecting challenge fees.
Key advantages include:
- Refundable challenge fees – get 100% of your fee back upon successful funding
- Reasonable profit targets (6-8%) that are achievable without excessive risk
- No time limits on challenges – trade according to your strategy without rushing
- Generous drawdown parameters that accommodate various trading styles
- Aggressive scaling opportunities to grow your account size by 25% monthly
- High profit splits (up to 90%) that reward consistent performance
- Diverse platform and market options to match your trading preferences
- Exceptional customer support with rapid response times
Frequently Asked Questions
How long does it take to get funded?
The funding timeline depends on your trading performance. Since there are no time limits for challenges, you can progress at your own pace. Once you complete both the Challenge Phase and Verification Phase by reaching the profit targets while respecting the trading rules, your funded account is typically set up within 24-48 hours after verification phase completion.
Can I hold positions over the weekend?
Yes, Take Profit Trader allows weekend position holding without restrictions. This gives you the flexibility to maintain your trades through weekends if your strategy requires it. However, be aware of potential weekend gaps and increased volatility when markets reopen, as these movements still count toward your drawdown limits.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor infractions may result in warnings, while serious violations (such as using prohibited trading strategies or manipulating the platform) will likely result in account termination without refund. If you’re unsure about a specific activity, it’s best to contact support beforehand to avoid potential issues.
Can I trade news events?
Yes, Take Profit Trader allows news trading without restrictions. You can freely trade during high-impact economic events, central bank announcements, and other market-moving news. This flexibility enables you to capitalize on volatility and implement event-driven trading strategies that many other prop firms prohibit.
How often can I withdraw profits?
Funded traders can request profit withdrawals once per month on a regular schedule. The minimum withdrawal amount is $50. High-volume traders with consistent performance may qualify for bi-weekly withdrawal options. Withdrawal requests are processed within 1-5 business days depending on your chosen payment method, with cryptocurrency generally being the fastest option.
