TakeProfit Trader
Active
Reviewed by PropFirm201 Research Team·At a Glance
TakeProfit Trader Homepage
Pricing & Challenge Types
1-Step Evaluation
1 phase · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $25,000 | $150 | 6% | N/A | 6% |
| $50,000 | $170 | 6% | N/A | 6% |
| $75,000 | $245 | 6% | N/A | 6% |
| $100,000 | $330 | 6% | N/A | 6% |
| $150,000 | $360 | 6% | N/A | 6% |
Pros & Cons
Pros
- Daily payout processing, unique in the futures prop firm space
- Withdraw from day one of funded account with no waiting periods
- 20% pass rate, significantly higher than most competitors
- Multiple premium platforms including NinjaTrader, TradingView, and Tradovate
- US-based and US-friendly with NFA-regulated broker (Tradovate)
Cons
- Monthly subscription pricing ($150-$360/month) rather than one-time fee
- PRO accounts are simulated, not live capital
- Intraday drawdown applies on funded accounts (more restrictive than EOD evaluation)
- Customer service response times can reach 5+ days
- No overnight positions allowed
Trading Rules
About TakeProfit Trader
TakeProfit Trader (TPT) is a futures proprietary trading firm founded in 2021 by CEO James Sixsmith, headquartered in Orlando, Florida. The firm has built its brand around one killer feature: the ability to withdraw profits from day one of a funded account with daily payout processing. Outside of a few competitors, no other major futures prop firm processes withdrawals this quickly.
TPT offers a single-phase evaluation with a 6% profit target and no daily loss limit (removed in January 2025). The firm supports premium trading platforms including NinjaTrader, Tradovate, TradingView, Quantower, and MotiveWave with both CQG and Rithmic data feeds.
With a 4.4/5 Trustpilot rating from over 8,700 reviews and a reported 20% pass rate, TakeProfit Trader has established itself as one of the more accessible futures prop firms. However, traders should understand that PRO accounts trade simulated capital, with an upgrade to PRO+ (live-like accounts) requiring $5,000 in cumulative profits.
How It Works
TakeProfit Trader uses a single-phase evaluation model:
Evaluation Phase: Achieve a 6% profit target on your chosen account size. No daily loss limit applies. End-of-day trailing drawdown is used during evaluation. Minimum 5 trading days required with no time limit. 50% consistency rule applies (no single day can exceed 50% of total profits).
PRO Account: Upon passing, you receive a simulated funded account with an 80% profit split. Withdrawals are available from day one with daily processing. The drawdown type shifts to intraday trailing on funded accounts. Weekly activity requirement of at least 1 trade.
PRO+ Account: After earning $5,000 in cumulative profits on a PRO account, you are invited to PRO+ with a 90% profit split and enhanced conditions.
An important note: the drawdown type changes from end-of-day during evaluation to intraday on funded PRO accounts, which is more restrictive.
Pricing & Plans
| Account Size | Monthly Fee | Activation Fee | Profit Target | Max Drawdown |
|---|---|---|---|---|
| $25,000 | $150 | $130 | $1,500 (6%) | $1,500 |
| $50,000 | $170 | $130 | $3,000 (6%) | $2,000 |
| $75,000 | $245 | $130 | $4,500 (6%) | $2,500 |
| $100,000 | $330 | $130 | $6,000 (6%) | $3,000 |
| $150,000 | $360 | $130 | $9,000 (6%) | $4,500 |
Note: Pricing is monthly subscription-based, not a one-time fee. A $130 activation fee applies when converting to a funded PRO account.
Rules & Restrictions
- Maximum Drawdown: 6-10% depending on account size (trailing).
- Daily Loss Limit: None (removed January 2025).
- Minimum Trading Days: 5 days.
- Consistency Rule: 50% (no single day can exceed 50% of total profits).
- Trading Hours: 6 PM - 5 PM ET (23 hours daily).
- Overnight Positions: Not allowed. All positions must be closed before market close.
- News Trading: Cannot trade 1 minute before/after Tier 1 news events.
- Weekly Activity: Minimum 1 trade per week required.
- Multiple Accounts: Up to 5 PRO accounts simultaneously.
Payouts
- Frequency: Daily (unlimited withdrawals with no waiting periods).
- Profit Split: 80% on PRO accounts, 90% on PRO+ accounts.
- Methods: Plaid (US banks), PayPal, Wise.
- Processing Time: 24 hours to wallet, 12 hours for payout approval.
- Minimum Withdrawal: $250 for free processing; $50 fee applies under $250.
- Buffer Requirement: Must clear the maximum drawdown amount before withdrawals are eligible.
Is TakeProfit Trader Legit?
TakeProfit Trader is a legitimate US-based company with a strong reputation. Key trust indicators include:
- 4.4/5 Trustpilot rating from over 8,700 reviews.
- US-based with operations in Orlando, Florida.
- NFA-regulated broker (Tradovate) handling trade execution.
- 20% reported pass rate, higher than most competitors.
- Daily payouts demonstrate commitment to trader access to funds.
The main criticisms involve customer service response times (5+ days during busy periods) and the shift from EOD to intraday drawdown on funded accounts, which catches some traders off guard.
FAQ
What is TakeProfit Trader?
TakeProfit Trader is a US-based futures prop firm founded in 2021 that offers funded accounts from $25,000 to $150,000 with daily payout processing and a single-phase evaluation.
How much does TakeProfit Trader cost?
Monthly fees range from $150 to $360 per month, with a one-time $130 activation fee when moving to a funded account. This is subscription-based rather than a one-time challenge fee.
What is the difference between PRO and PRO+?
PRO accounts are simulated with an 80% profit split. After earning $5,000 in cumulative profits, traders are invited to PRO+ with a 90% split and enhanced conditions.
Can I trade overnight?
No. All positions must be closed before market close. Overnight and weekend holding is not permitted.
Is TakeProfit Trader available in the US?
Yes. TakeProfit Trader is a US-based company that accepts US traders and uses NFA-regulated Tradovate for trade execution.