Take Profit Trader, from Orlando, US, is a futures prop trading firm identifying skilled traders with the potential to generates consistent returns. They operate using a mutually beneficial arrangement that gives traders access to capital – risk-free – and allows both the firm and traders to share in the profits. They offer five different starting balances for increasing prices, ranging from $25,000 (which costs $150 per month) to $150,000 (which costs $360).
Take Profit Trader also provide a particularly good set of complimentary educational resources to make sure you have all the tools and knowledge to make well-informed decisions, and in turn trade more profitably. Also appealing are the firm’s trading rules: they’re straightforward and clearly set out, helping you to trade both safely and successfully. Υοu’ll have access to all CME futures assets (including CBOT, CME, COMEX, and NYMEX assets – even Micros).
While TickTickTrader was set up just two years ago, its founders have more than 20 years of experience in the prop trading sphere. Having encountered countless difficulties working with existing prop firms, their mission was to design a transparent platform with simple, trustable rules that’s wholly committed to the financial independence of its traders.
It’s safe to say they succeeded: TickTickTrader operates with the success of its traders as its one key mission. An in-depth grasp of markets enables the firm to provide a new generation of futures traders with sophisticated tools, effective customer support and a highly supportive trading atmosphere.
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Take Profit Trader is best for:
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TickTickTrader is best for:
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Futures traders with some pre-existing experience. |
Experienced traders who’ve already had some success trading futures. |
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Those valuing a range of learning materials. |
Those seeking a generous profit share. |
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Traders who want instant withdrawals. |
Traders who would like a range of challenge options and funding levels to choose from. |
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Traders looking to trade a variety of different futures instruments. |
Those who’d like to be part of an encouraging trading community. |
As both Take Profit Trader and TickTickTrader are well-regarded firms providing access to capital with which to trade, deciding which one to go for can be hard. The table below lays out their similarities and differences.
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Feature
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Take Profit Trader
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TickTickTrader
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Instruments |
Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures. |
Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures. |
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Challenge Types |
One-Step, Funded Account Split |
One Step Evaluation Process |
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Challenge Account Sizes |
$25,000 up to $150,000 |
Different challenges between $25,000, $50,000 & $100,000 |
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Challenge Cost |
$150 up to $360/month |
$145 up to $285/month |
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Minimum Trading Days |
10 days |
none |
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Max Position Size |
3 to 15 contracts |
4 to 14 contracts |
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Profit Target |
$1,500 up to $9,000 |
$1,500 up to $6,000 |
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Payout Split |
PRO 80/20 (trader/firm) PRO+ 90/10 |
100% payout the first 3 months of withdrawals. After that, TickTickTrader has a profit split of 90/10. |
Additional Points:
TickTickTrader: TickTickTrader’s Direct Accounts give traders a greater degree of flexibility, the potential to make bigger profits, immediate withdrawals, and the chance to skip the evaluation phase altogether with a TTTPerformance Account.
Take Profit Trader: There’s no scaling plan, and with a PRO account you’ll be able to trade with the same amount of capital as in your test account.
The following table is a more in-depth comparison of the rules of Take Profit Trader and TickTickTrader.
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Rule Category
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Take Profit Trader
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TickTick Trader
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Scalping |
Allowed |
Allowed |
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Day Trading |
Allowed |
Allowed |
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Swing Trading |
Allowed |
Allowed |
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Holding Positions Overnight |
Not Allowed |
Allowed |
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Holding Positions Over Weekends |
Not Allowed |
Not Allowed |
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Copy Trading |
Allowed |
Allowed |
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News Trading |
Allowed |
Not Allowed |
Maximum Daily Loss:
Maximum Drawdown:
Withdrawal:
Leverage:
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Leverage Futures
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TickTickTrader
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TakeProfitTrader
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Futures |
1:1 |
1:1 |
The following section gives us a chance to explore in more detail the advantages and disadvantages to working with Take Profit Trader and TickTickTrader.
Both TickTickTrader and Take Profit Trader provide compelling options for futures prop traders, but they cater to slightly different requirements and preferences.
Take Profit Trader’s large range of account sizes and trading instruments help the firm to distinguish itself, as do their clear rules and efficient, supportive customer service. The firm focuses solely on futures trading at present, and restricts overnight positions and automated trading, but they compensate with their strong commitment to the growth of their traders. The options for customising the platform give traders lots of flexibility, and the absence of a
minimum trading day requirement, as well as high daily limits and the freedom to trade during news events, give traders plenty of space to make the most of market opportunities.
TickTickTrader adopt a more relaxed approach, making it ideal for moderately experienced traders seeking the freedom to trade with larger daily limits and no minimum trading day requirement. Their competitively priced accounts are tiered, and the firm’s risk management setup finds the right balance of mitigating risk while still allowing you to work with successful strategies that suit you. As with Take Profit Trader, TickTickTrader only caters to futures traders, and trading during news is ruled out. Nonetheless, TickTickTrader remains an excellent option offering a raft of benefits.
It’s also really important to take into account your own individual needs and preferences alongside the features we’ve explored in this piece – your experience, aspirations, budget and risk tolerance are all crucial. For further details on both firms, take a look at our website so you can be sure you’ve done all the research before making this pivotal decision.
