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Take Profit Trader (TPT) is a trading firm with clear rules to ensure fair and transparent trading. Following these rules helps traders improve their skills and earn money based on their performance.

TPT has different types of accounts: Test, PRO, and PRO+. Each type has its own rules, evaluation criteria, and funding options. The main goals are good risk management, hitting profit targets, and responsible trading to increase earnings‚Äč‚Äč.

Key rules for trading with Take-Profit Trader (TPT) 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. Traders also need to reach trading objectives that include Profit Targets and Minimum Trading Days‚Äč‚Äč.

A unique feature of TPT is that traders can withdraw profits from their PRO account from the first day without waiting periods or daily drawdown limits‚Äč‚Äč.

Take Profit Trader’s payout policy (rules) allows traders to withdraw their profits at an 80/20 split, meaning traders keep 80% of their earnings. However, traders need to reach the buffer zone level before making withdrawals. For instance, with a $50,000 account and a $2,000 buffer, traders need to reach a $52,000 balance to withdraw profits.

This article will review Take Profit Trader’s rules and regulations, including the evaluations, funded accounts, payouts, and withdrawal rules.

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:

RulesTest Account
EOD DrawdownAvoid hitting the EOD drawdown
Maximum Position Size3-15 Contracts depending on the account size
Daily Loss Limit$500 – $3,300 depending on the account size
Consistency RuleTrade on at least 5 different days and no single day’s profit exceeds 50% of total profits
Trading TimesFutures: 6 PM Eastern – 5 PM Eastern
Allowed InstrumentsMost 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 SizeDrawdown
$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 SizeMaximum Position Size
$25K3 Contracts / 30 Micros
$50K6 Contracts / 60 Micros
$75K9 Contracts / 90 Micros
$100K12 Contracts / 120 Micros
$150K15 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 SizeDaily 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‚Äč‚Äč‚Äč‚Äč.

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 SizeProfit 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:

RulesPro AccountPro+ Account
Intraday Trailing DrawdownCalculated based on peak balance including unrealized gainsCalculated based on peak balance including unrealized gains
Daily Loss Limit$500 – $3,300 depending on the account sizeNone
Trading NewsMust exit positions one minute before and after specific news eventsMust exit positions one minute before and after specific news events
Trading TimesFrom 06:00 PM to 04:10 PM ESTFrom 06:00 PM to 04:10 PM EST
Allowed InstrumentsAll 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+):

ObjectivePro AccountPro+ Account
Buffer ZoneRequiredNot required
Profit WithdrawalsAfter reaching buffer zoneImmediate
Consistent Trading ActivityTrade at least one day per weekTrade 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:

  1. 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.
  2. 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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‚Äč‚Äč‚Äč‚Äč.

This table shows a summary of the withdrawal and payout rules for Pro and Pro+ accounts:

FeaturePro AccountPro+ Account
Profit Split80/2090/10
Buffer Zone RequirementRequired before withdrawing profitsNot required
Immediate WithdrawalsAfter reaching buffer zoneDay one, no buffer needed
Withdrawal Inside Buffer ZoneAllowed only upon account terminationN/A
Withdrawal ProcessProcessed within 24 hoursProcessed within a few hours
Withdrawal FeesNo fees over $250, $50 for $250 or lessSame 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‚Äč‚Äč‚Äč‚Äč .

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.

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