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Pros

No minimum days required before the first withdrawal

Swift withdrawal process with instant payouts

Generous profit sharing of 80-90%

Cons

Trading in forex, stocks, or crypto is not available yet

Automated trading is not permitted

Monthly fees for evaluations and no free trials offered

TakeProfitTrader broker Accounts

Take Profit Trader Account Type

Take Profit Trader offers three types of accounts for traders, each designed to cater to different trading needs and levels of experience:

Test Account:

Environment: Simulated (Sim)
Withdrawals: None
Profit Split: None
Purpose: Evaluation phase to prove trading consistency and risk management.
Commission: $5 per round turn for standard contracts; $0.50 for micros.
Daily Loss Rule: In place.
End of Day Drawdown: Applicable.

Pro Account:

Environment: Simulated (Sim)
Withdrawals: Available from day one.
Profit Split: 80% to the trader, 20% to the firm.
Maximum Accounts: Up to 3 funded accounts.
Commission: $5 per round turn for standard contracts; $0.50 for micros.
Daily Loss Rule: In place.
End of Day Drawdown: Applicable.

Pro+ Account:

Environment: Live
Withdrawals: Available from day one.
Profit Split: 90% to the trader, 10% to the firm.
Maximum Accounts: Up to 3 funded accounts.
Commission: Varies based on the broker rates.
Daily Loss Rule: No daily loss rule.
End of Day Drawdown: Applicable.

The account sizes available for funding are $25,000, $50,000, $75,000, $100,000, and $150,000, with monthly fees ranging from $150 to $360 depending on the account size.

Take Profit Trader Broker Account Opening Process

Opening an account with Take Profit Trader involves a streamlined process:

Choose Your Account Size: Select from the available account sizes that fit your trading strategy and risk appetite.
Select a Trading Platform: Choose from over 15 supported trading platforms, including NinjaTrader and TradingView.
Confirm Subscription: Proceed to confirm your subscription for the selected account.
Payment: Choose a suitable payment method and enter your payment details.
Registration Form: Complete a brief registration form with your personal information.
Agree to Terms: Read and agree to the terms and conditions of Take Profit Trader.
Submit Application: Finalize the process by submitting your application to officially open your account.