Take Profit Trader is a proprietary trading firm (prop firm) established in Orlando, Florida, that offers individuals the opportunity to trade futures[1]. Take Profit Trader allows traders to define their capital size, prove their trading skills to reach a profit target, and follow risk rules[1]. Once verified, traders can begin trading with real money immediately[1]. Take Profit Trader’s platform and services are designed to benefit traders, setting it in competition with other prop trading firms[1]. They emphasize a fast-paced environment and promise to send profits where traders direct[1]. However, before committing to any trading firm, including Take Profit Trader, thorough research is crucial, and traders should evaluate their individual needs, financial situation, and risk tolerance to make an informed decision[1].
Hidden Drawdown Rules – The fine print that stops you from profiting
Take Profit Trader allows you to select your futures account, register, and define the maximum contract size you’ll manage to fit your skills[5]. You can then buy a subscription[5]. Once you reach a profit target while following a set of risk rules, your skills are verified, and you become a PRO trader[5].
Slow or No Payouts? – What traders are saying
Take Profit Trader has over 800 Trustpilot reviews, with an average rating of 4.3 out of 5 stars[3]. Feedback on the firm’s services is overwhelmingly positive, with praise for everything from customer service to prompt and reliable payouts[3]. The firm also promptly responds to a small percentage of negative reviews, resolving almost all issues[3]. One Reddit user claimed that they passed the test and were funded to their Pro account, were profitable, but couldn’t withdraw the money[7].
Transparency Issues – What they don’t want you to know
When evaluating trading firms, assessing their legitimacy is paramount[3]. Many well-known commercial banks like JP Morgan Chase and Bank of America are restricted from prop trading due to the Volcker Rule[3]. As a result, smaller firms dedicated to prop trading have emerged to fill the void left by larger institutions[3]. Take Profit Trader appears to be a credible and reputable prop trading firm with clearly set practices and rules that should instill traders with confidence[3].
Final Verdict – More “Take” than “Profit?”
Take Profit Trader provides an appealing opportunity for traders looking to profit from the futures market[3]. The firm stands out as a good choice with its wide array of trading instruments and account size options catering to diverse trading capacities[3]. Take Profit Trader offers a comprehensive service and technology at a reasonable cost, making it a worthwhile consideration for traders with a solid strategy and prudent money management practices[3]. Take Profit Trader could be the ideal partner for traders looking to maximize profits while reducing risks[3].
