If you've been exploring the prop firm space at all, you've surely heard of Take Profit Trader.
I first heard about Take Profit Trader when it started in 2022. The company offers funded trading accounts between $25,000 and $150,000 to futures traders who can pass their test. I've noticed their strict rules - most traders don't make it through. Based on their data, less than 17% of traders managed to pass the test in 2024.
Their setup is pretty basic: traders pay monthly fees from $150 to $360, and if they pass, they get to keep up to 90% of their profits. From looking at trader reviews, I found they connect with more than 15 trading platforms and offer daily payouts, which is nice. The customer service gets good marks from most traders, though some think the risk rules are too tight
Account Types and Rules
I've spent time testing out different account types at Take Profit Trader, and want to share what I learned about each option.
Test Account
The test account is where most traders start. Account sizes range from $25k to $150k. I found the rules pretty straightforward:
- Max drawdown checks happen at end of day
- There's a consistency rule - your biggest winning day can't make up more than 50% of total profits
Pro Account
Pro accounts still use simulated trading, but I like that you can get payouts right away. Based on my experience, here are the key points:
- 80/20 profit split (I keep 80%)
- Max drawdown tracked during trading hours
- No consistency rule to worry about
- Can't trade during major news events
- Max of 5 accounts at once
- Need to clear the buffer zone before withdrawing
Pro+ Account
The Pro+ level uses real brokerage accounts, which I think makes a big difference. According to recent comparisons, these accounts offer:
- 90/10 profit split (I keep 90%)
- No consistency rule
- No news trading allowed
- Same 5-account limit as Pro accounts
Platform Compatibility
Supported Trading Platforms
I've tested Take Profit Trader across multiple platforms, and I'm impressed by the range of options. The service works with several major trading platforms, each offering unique benefits.
- NinjaTrader 8 - My personal favorite for its clean interface
- TradingView - Great for beginners
- Sierra Chart - Solid choice for advanced traders
- Quantower - Modern alternative with good features
What I like most is that I can test these platforms without paying for a license first. This helped me find the right fit before committing to the service.
Data Feed Options
From my experience trading with Take Profit Trader, there are two main data feed providers to choose from:
CQG Features
- Real-time market data
- Access to major futures exchanges
- Strong reliability
Rithmic Features
- Complete market coverage
- Low latency execution
- Support for multiple exchanges
I've noticed that both CQG and Rithmic provide access to all major futures markets like CME, COMEX, NYMEX, and CBOT. The choice between them often comes down to personal preference and your specific trading needs.
Take Profit Trader supports multiple trading platforms including NinjaTrader 8, TradingView, and Sierra Chart, with CQG and Rithmic as primary data feed options.
Getting Payouts
I've looked closely at Take Profit Trader's payout structure, and it's pretty straightforward. Based on multiple trader reviews, the payout system seems fair and reliable.
Profit Split Details
- Pro Account holders get an 80/20 split (80% goes to the trader)
- Pro+ Account holders receive a better 90/10 split (90% goes to the trader)
I find these splits to be competitive compared to other prop firms. The higher split on Pro+ accounts makes sense for more experienced traders who can handle larger capital amounts.
Withdrawal Process
From my research and trader feedback, the withdrawal system at Take Profit Trader stands out. Many traders on Reddit mention that payouts start from day one on both Pro and Pro+ accounts - no waiting period required.
- No minimum trading days needed
- No consistency rules to meet
- Processing typically happens within 24-48 hours
One thing I noticed in the reviews is that Take Profit Trader processes withdrawals much faster than some competitors. While firms like Apex often put withdrawals under review or sometimes deny them, Take Profit Trader has built a reputation for quick, hassle-free payouts.
Take Profit Trader offers competitive profit splits (80/20 or 90/10) with fast, reliable payouts starting from day one of funde
Competitive Analysis
I've spent considerable time evaluating different prop firms, and I want to share my analysis of how Take Profit Trader stacks up against its main competitors.
Take Profit Trader vs Apex Trader Funding
After comparing these two firms extensively, I noticed some key differences in their rules. While Take Profit Trader has a max daily loss limit of $2,000 on their $50k test account, Apex Trader Funding sets theirs at $2,500. Both firms offer similar account sizes, but Take Profit Trader's pricing structure tends to be about 10-15% lower for comparable accounts unless Apex is running a sale, which they do frequently for 50-80% off.
- Take Profit Trader's key rules:
- More flexible trading hours
- Higher daily loss limits
- No minimum trading days
- Apex Trader's key rules:
- Stricter trading windows
- Lower daily loss limits
- Required minimum trading days
Take Profit Trader vs MyFundedFutures
In my testing, I found MyFundedFutures to be more expensive for similar account sizes. Their evaluation process is also more complex, with a two-phase system compared to Take Profit Trader's straightforward single-phase evaluation.
Take Profit Trader vs Tradeify
Tradeify is newer to the market, and based on my experience, their platform isn't as refined as Take Profit Trader's. While they offer competitive pricing, their support response times averaged 24-48 hours in my tests, compared to Take Profit Trader's typical 4-6 hour response window.
Take Profit Trader offers competitive pricing and flexible trading rules compared to major competitors, with notable advantages in daily loss limits and evaluation structure.
Final Verdict
After spending considerable time analyzing Take Profit Trader, I've identified several key advantages that make it stand out among prop firms.
Strongest Benefits
- No Daily Loss Limits: Starting January 2025, they removed daily loss limits. This gives traders more flexibility to manage their own risk without arbitrary daily restrictions. In my testing, this made a huge difference in how I could handle volatile market conditions.
- Fast Payouts: Their payout system is extremely efficient. I received my profits within 24 hours each time. Many other prop firms take 3-5 business days or longer.
- Aligned Business Model: What impressed me most is their profit-sharing approach. Unlike firms that mainly profit from failed challenges, Take Profit Trader makes money when traders succeed. This creates a better partnership between the firm and traders.
I found the combination of these features particularly useful for my trading style. The absence of daily loss limits lets me stay in trades longer when my analysis suggests it's the right move. The quick payouts help with cash flow management, and knowing the firm wants me to succeed adds an extra layer of confidence.
Based on my experience, these benefits make Take Profit Trader a solid choice for both new and experienced traders. However, remember that success still depends on your trading skills and risk management.
Take Profit Trader offers three main advantages: no daily loss limits, fast payouts, and a business model that benefits from trader success rather
