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Take Profit Trader (TPT) is a trading firm that stands out with its clear rules designed to ensure fair and transparent trading. These guidelines not only promote fairness but also help traders enhance their skills and earn profits based on their performance. At Trading Funder, we specialize in helping traders navigate such firms, providing expert guidance to choose the best options tailored to their needs.
TPT offers various account types, including Test, PRO, and PRO+, each with specific rules, evaluation criteria, and funding options. The firm emphasizes crucial trading practices such as sound risk management, achieving profit targets, and responsible trading to maximize earnings. Our Trading Funder team can help you understand these rules and consult on how to leverage them for success.
Key trading rules with TPT include avoiding the end-of-day maximum trailing drawdown, respecting the maximum position size, adhering to daily loss limits, maintaining trading consistency, and trading only approved products during designated hours. Traders are also expected to meet objectives such as Profit Targets and Minimum Trading Days. Our team at Trading Funder is here to assist you in mastering these requirements, ensuring you’re well-prepared to meet TPT’s standards.
A unique feature of TPT is the ability to withdraw profits from the PRO account from the first day, without waiting periods or daily drawdown limits. This is a significant advantage, and with our consulting services, we can guide you on how to make the most of this benefit.
TPT’s payout policy allows traders to withdraw their profits at an 80/20 split, with traders retaining 80% of their earnings. However, withdrawals are contingent upon reaching the buffer zone level—an important detail that we at Trading Funder can help you strategize around to optimize your profit withdrawals.
In this article, our Trading Funder team will provide an in-depth review of Take Profit Trader’s rules and regulations, including evaluations, funded accounts, payouts, and withdrawal policies, to help you make an informed decision.
What are the rules for Take Profit Trader’s Evaluation?
Take Profit Trader Evaluation Rules, also known as test rules, ensure traders demonstrate effective risk management, achieve profit targets, and follow responsible trading practices.
The rules for Take Profit Trader’s test include: not hitting the end-of-day maximum trailing drawdown, not exceeding the maximum position size, adhering to daily loss limits, demonstrating trading consistency, and only trading approved products during designated hours.
The following table provides the specific rules applicable to Take Profit Trader test Accounts:
| Rules | Test Account |
|---|---|
| EOD Drawdown | Avoid hitting the EOD drawdown |
| Maximum Position Size | 3-15 Contracts depending on the account size |
| Daily Loss Limit | $500 – $3,300 depending on the account size |
| Consistency Rule | Trade on at least 5 different days and no single day’s profit exceeds 50% of total profits |
| Trading Times | Futures: 6 PM Eastern – 5 PM Eastern |
| Allowed Instruments | Most products on CME, CBOT, NYMEX, and COMEX |
1- The EOD Drawdown
The End-of-Day (EOD) Drawdown at Take Profit Trader is a rule to limit losses by setting a maximum drawdown level, calculated at the end of each trading day. This level trails the account’s highest end-of-day balance and adjusts upward as the balance increases. If the account balance falls to or below this level, the account is liquidated. For example, a $25,000 account with a $1,500 EOD Drawdown starts with a minimum balance of $23,500. As the balance increases, the drawdown level adjusts but never falls below the starting balance.
The table below shows the Drawdown value for each account size:
| Account Size | Drawdown |
|---|---|
| $25K | $1,500 |
| $50K | $2,000 |
| $75K | $2,500 |
| $100K | $3,000 |
| $150K | $4,500 |
2- Maximum Position Size
The maximum position size at Take Profit Trader is the highest number of contracts a trader can hold, varying by account size. Traders must not exceed the specified contracts for their account size during the evaluation. Exceeding this limit results in an immediate violation and account liquidation. For micro contracts, traders can hold up to 10 times the number of standard contracts (e.g., 60 micro contracts for a $50,000 account).
The table below shows the maximum position size value for each account size:
| Account Size | Maximum Position Size |
|---|---|
| $25K | 3 Contracts / 30 Micros |
| $50K | 6 Contracts / 60 Micros |
| $75K | 9 Contracts / 90 Micros |
| $100K | 12 Contracts / 120 Micros |
| $150K | 15 Contracts / 150 Micros |
3- Daily Loss Limit
The Daily Loss Limit at Take Profit Trader is a risk management rule that sets the maximum allowable loss a trader can incur in a single day, varying by account size. Traders must not exceed this limit at any point during the trading day. The limit applies to unrealized losses, meaning positions will often be closed automatically if the loss limit is reached. Breaching the daily loss limit results in immediate account liquidation, stopping further trading to prevent additional losses.
The table below shows the Daily Loss Limit value for each account size:
| Account Size | Daily Loss Limit |
|---|---|
| $25K | $500 |
| $50K | $1,100 |
| $75K | $1,600 |
| $100K | $2,200 |
| $150K | $3,300 |
4- Consistency Rule
The Consistency Rule at Take Profit Trader ensures traders demonstrate steady performance rather than relying on a few large trades. Traders must trade on at least five different days, showing they can manage risk and generate consistent profits. Additionally, no single day’s profit should exceed 50% of the total profits made during the evaluation period, ensuring profits are not concentrated in just one or two trades.
5- Trading Hours
The approved trading hours at Take Profit Trader define the times during which traders can hold positions, ensuring positions are not held overnight or during low liquidity periods. Traders can open and close futures positions from 6 PM Eastern Time to 5 PM Eastern Time the next day. Any position held past 5 PM Eastern results in an automatic failure of the test and loss of the account. Positions can be reopened after 6 PM, but these count as trades for the next trading day.
6- Allowed Instruments
The instruments allowed at Take Profit Trader include most futures products listed on the CME, CBOT, NYMEX, and COMEX exchanges. Traders are restricted to these approved instruments to ensure they operate within regulated and liquid markets. If a trader wants to trade a product that is not on the approved list, they must contact Take Profit Trader for approval.
What are the objectives for Take Profit Trader’s Evaluation?
The primary objectives for Take Profit Trader’s Evaluation (test) are to reach a specified profit goal, which varies by account size, and to trade on at least five different days.
1- profit target
The profit target at Take Profit Trader is the financial goal (objective) traders must achieve to qualify for a PRO account. It varies by account size. Traders must reach this target without breaking the rules like daily loss limit, maximum position size, and EOD drawdown. The target must be met over at least five trading days.
The table below shows the profit target value for each account size:
| Account Size | Profit Target |
|---|---|
| $25K | $1,500 |
| $50K | $3,000 |
| $75K | $4,500 |
| $100K | $6,000 |
| $150K | $9,000 |
2- Minimum Trading Days
The minimum trading days requirement at Take Profit Trader’s Evaluation is five days. Traders must trade on at least five different days to demonstrate consistency and effective risk management.
what are Take Profit Trader’s Pro and Pro+ Account rules?
Take Profit Trader funded accounts (Pro and Pro+ accounts) outlines five trading rules: Respect the Intraday Trailing Drawdown, avoid hitting Daily Loss Limit, avoid News Trading, and trade specific trading instruments during specific trading times.
The following table provides the specific rules applicable to the Pro Account and Pro+ Account:
| Rules | Pro Account | Pro+ Account |
|---|---|---|
| Intraday Trailing Drawdown | Calculated based on peak balance including unrealized gains | Calculated based on peak balance including unrealized gains |
| Daily Loss Limit | $500 – $3,300 depending on the account size | None |
| Trading News | Must exit positions one minute before and after specific news events | Must exit positions one minute before and after specific news events |
| Trading Times | From 06:00 PM to 04:10 PM EST | From 06:00 PM to 04:10 PM EST |
| Allowed Instruments | All CME Group futures assets. | All CME Group futures assets. |
Additional rules
Additional Rules for Take Profit Trader Pro and Pro+ Accounts:
- Trading Bots/Algos: Usage of trading bots or algorithms is prohibited. This restriction stems from observed significant losses when retail traders employ high-frequency trading strategies on very short timeframes.
- Limit Up/Down: Traders must be aware of circuit breaker limits in futures markets. All positions must be closed before these limits are hit to avoid account loss. The CME price limits are available on the CME website, and it is the trader’s responsibility to monitor these limits.
- Weekly Trading Requirement: Traders must trade at least one day per calendar week (Sunday-Friday) to maintain their Pro Account. A “traded-day” is defined as holding an open position on the most traded instruments for at least one minute. Exceptions may be granted for life circumstances preventing trading; traders should communicate any such issues to the company.
- Multiple Accounts: Traders are allowed to maintain up to three active Pro/Pro+ accounts simultaneously. This limit includes all account types and does not allow for three accounts in each category.
These additional rules ensure comprehensive risk management, maintain trading discipline, and uphold the integrity of the trading process within the Pro and Pro+ accounts.
What are Take Profit Trader’s Pro and Pro+ Account objectives?
For the Pro Account, the main objective is to establish and maintain a buffer zone. This is achieved by reaching a balance above the initial starting balance by an amount equal to the maximum drawdown. For example, if the maximum drawdown is $2,000, a trader with a $50,000 account must reach $52,000 before being able to withdraw profits.
Additionally, traders are required to trade at least one day per calendar week to demonstrate active participation and effective use of the provided capital.
For the Pro+ Account, the focus is on maximizing profitability. There is no buffer zone requirement, allowing traders to withdraw profits immediately without waiting to reach a specific balance. Similar to the Pro Account, traders must trade at least one day per calendar week to show active participation and effective use of the capital.
The table below summarizes the objectives for both account types (Pro and Pro+):
| Objective | Pro Account | Pro+ Account |
|---|---|---|
| Buffer Zone | Required | Not required |
| Profit Withdrawals | After reaching buffer zone | Immediate |
| Consistent Trading Activity | Trade at least one day per week | Trade at least one day per week |
Does Take Profit Trader have a consistency rule?
Take Profit Trader has a consistency rule for its test accounts but not for Pro and Pro+ accounts.
For test accounts, traders must prove consistency in two ways:
- Number of Trading Days: Traders must show trading activity over at least five days. A trading day is defined as any day where at least one trade is executed.
- Percentage of Profits: No single trading day should account for more than 50% of the total profits made during the evaluation period. This ensures that profits are consistently achieved rather than relying on a few high-profit days.
For Pro and Pro+ accounts, there is no consistency rule.
Does Take Profit Trader have a scaling plan rule?
Take Profit Trader does not have a scaling plan rule. This means traders are not required to follow a predefined scaling strategy based on their account growth or performance.
what are Take Profit Trader’s withdrawal/payout rules?
Take Profit Trader offers different withdrawal rules for Pro and Pro+ accounts, focusing on profit splits, buffer zone requirements, and withdrawal processes:
- Profit Split: For both Pro and Pro+ accounts, the profit split varies. Pro accounts have an 80/20 profit split, where traders keep 80% of the profits, while Pro+ accounts offer a 90/10 split, allowing traders to retain 90% of the profits.
- Buffer Zone Requirement: In Pro accounts, traders must establish a buffer zone before withdrawing profits. This buffer zone is equal to the maximum drawdown amount. For example, in a $50,000 account with a $2,000 drawdown, the trader must reach a balance of $52,000 to start withdrawing profits. It is recommended to keep the buffer until the account is closed, at which point the buffer will be paid out to the trader.
- Withdrawal Inside Buffer Zone: Withdrawals within the buffer zone are allowed only upon account termination. If profits are withdrawn inside the buffer zone, the payout is 50% if the account is less than 60 days old and 80% if it is older than 60 days. In contrast, Pro+ accounts do not require a buffer zone, allowing traders to withdraw profits immediately without waiting to reach a specific balance.
- Withdrawal Process: The withdrawal process for both account types involves using the Control Center, where available cash for withdrawal is calculated automatically. Traders can request withdrawals, typically processed within 24 hours for Pro accounts and within a few business hours for Pro+ accounts. Once processed, the funds are moved to the wallet for further withdrawal to a bank or PayPal account.
- Withdrawal Fees: Regarding fees, no charges apply for withdrawals over $250. A $50 fee is applied to withdrawals of $250 or less. Additional fees may apply if PayPal is used for the payout.
- Additional Notes:
- Withdrawals can be requested any time and are processed promptly to ensure funds are available quickly to the trader.
- The system supports instant payouts through Plaid for US bank accounts and provides options for international payouts via PayPal and Wise.
This table shows a summary of the withdrawal and payout rules for Pro and Pro+ accounts:
| Feature | Pro Account | Pro+ Account |
|---|---|---|
| Profit Split | 80/20 | 90/10 |
| Buffer Zone Requirement | Required before withdrawing profits | Not required |
| Immediate Withdrawals | After reaching buffer zone | Day one, no buffer needed |
| Withdrawal Inside Buffer Zone | Allowed only upon account termination | N/A |
| Withdrawal Process | Processed within 24 hours | Processed within a few hours |
| Withdrawal Fees | No fees over $250, $50 for $250 or less | Same as Pro Account |
Is Take Profit Trader a Regulated Company?
Take Profit Trader LLC is a registered entity based in Florida, USA. However, it is not regulated like traditional financial institutions or brokers. While it operates as a private entity facilitating traders in a simulated trading environment, it does not directly offer financial services and is not subject to traditional financial regulations. Take Profit Trader ensures compliance by using regulated brokers and CME-approved data providers such as Tradovate, NinjaTrader, and Rithmic to handle all trades. This means that although Take Profit Trader itself is not overseen by financial regulators like the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), it operates within a regulated ecosystem by leveraging partnerships with these regulated entities .
Is Take Profit Trader a legit Company?
Take Profit Trader (TPT), a proprietary trading firm based in the United States and operational since 2021, is considered legitimate. Led by CEO James Sixsmith, the firm has a 4.3-star rating on Trustpilot from over 1,100 reviews, reflecting general customer satisfaction. TPT offers various account sizes for trading on platforms like NinjaTrader and Tradovate and imposes six core trading rules during evaluations. Despite facing some criticism for limited trading options and higher costs, the majority of feedback is positive, citing quick evaluations, fair rules, and fast payouts. TPT’s structured evaluation process, transparent operations, and responsive customer support further affirm its credibility of Take Profit Trader in the proprietary trading sector.
Conclusion on Take Profit Trader’s rules
Take Profit Trader (TPT) provides a clear, rule-based structure for traders to develop their skills and earn profits through its test, PRO, and PRO+ accounts. Key rules include avoiding daily loss limits, maintaining trading consistency, and only trading approved products during designated hours. One of the standout features is TPT’s ability to withdraw profits from day one with the PRO+ account, an advantage that our Trading Funder team can guide you to maximize.
With an 80/20 or 90/10 profit split depending on the account type, and buffer zone requirements for the PRO account, TPT offers a transparent and straightforward approach to withdrawals. The firm also offers fast payouts, usually processed within hours. Through our consulting services at Trading Funder, we help traders navigate these rules to ensure they choose the best option for their trading style and optimize their profits efficiently.
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