My TakeProfit review comes after spending some time trading with the prop firm known for every day payouts. This review should help you get a better idea of what to expect - from signup and onboarding, to support, to payouts and more.
TakeProfit Review: Fast Facts
Rating | Cost | Max Funding | Days to Qualify | Profit Share | Best Value |
|---|---|---|---|---|---|
$150 - $360 | $750,000 in PRO | 5 | 80% in PRO | $25K (1:1 risk ratio) |
- Request profit payouts whenever you want, starting from day 1.
- Quick withdrawals with automatic processing
- Reach funding in as few as 5 days with TakeProfit.
- Trade up to 5 PRO or PRO+ accounts simultaneously using multiple strategies or one with a trade copier.
- Trade with up to $22,500 in risk using multiple accounts, where you risk only your subscription fees.
- Drawdown in evaluation is adjusted EOD
- 24hr Support during trading days
- Resets available on PRO accounts, if you'd rather pay to keep the account than pass another eval.
- Save money with this Takeprofit discount code.
- Location: TakeProfit is an online prop firm based in the US but serves international traders as well.
- Address: TakeProfitTrader LLC, 1317 Edgewater Drive #3797, Orlando, FL 32804
- email: [email protected]
TakeProfit User Reviews Online
With a 4.5 TrustPilot rating and shining reviews, TakeProfit trader on trustpilot looks good. These are always subject to change, but right now, they have:
- 81% 5-star reviews. 5% 4-star reviews.
- They respond to 93% of negative reviews.
- I've read the reviews, and the lower ones almost exclusively seem to be from people who ignored the rules or never read them.
Rating: 9/10
TakeProfit: Who's it for?
TakeProfit might be your prop firm if:
- You want any-day, every-day withdrawals.
- You want a quick path to a funded Live brokerage account
- You don't care about trading news
- You want to spread risk across a few accounts and/or copy-trade, but not 20 accounts
- You want 24/7 customer support chat
TakeProfit Review: Onboarding
TakeProfit makes checkout and onboarding easy. Pick a program, pick a platform, enter your information, and checkout.
You'll receive your login and setup information automatically, along with basic setup instructions.
Your account can be ready to trade in just a few minutes by following the instructions provided.
Rating: 10/10
TakeProfit Review: Evaluation Pricing
TakeProfit evaluations are priced reasonably. Your trading priorities come first, but good pricing helps!
Plan | $25K | $50K | $75K | $100K | $150K |
|---|---|---|---|---|---|
Contracts | 3 (30 micros) | 6 (60 micros) | 9 (90 micros) | 12 (120 micros) | 15 (150 micros) |
Profit Goal | $1,500 | $3,000 | $4,500 | $6,000 | $9,000 |
EOD Trailing Drawdown | $1,500 | $2,000 | $2,500 | $3,000 | $4,500 |
Daily Loss Limit | $500 | $1,100 | $1,600 | $2,200 | $3,300 |
Monthly Price | $150 | $170 | $245 | $330 | $360 |
You should always go for a discount! Use my links here or this TakeProfit discount code for a better deal (the best deal at any given time).
Rating: 10/10
The best value is the $25K Evaluation.
What makes it the best value? Profit-target / Drawdown ratio. In other words, the amount you must make, per dollar of risk, in order to pass and earn funding
The $25K account has a ratio of 1:1, which is the best ratio available here (and/or at other firms). This even ratio makes it easier to pass than higher ratios.
The $50K is second best, with a 1.5:1 ratio. But you only get an additional $500 of risk, and have to earn an additional $1500, so you have to determine if you really need that extra room (or more room in one of the bigger accounts).
TakeProfit Reset Cost - Evaluations
If you break a rule and fail your eval with TakeProfit, you can wait until your subscription renewal date, and your renewal will reset your blown account(s) automatically.
OR, you can reset the account to try again, for a fee.
TPT charges $100 for a reset, regardless of account size.
What I like here: Most firms include a free reset with renewal, so I like that they do also. The $100 fee is fair compared to others.
What I don't like here: They aren't the cheapest, but I really recommend against manual resets anyway. When you fail, it's usually best to just wait for the free reset - since resetting doesn't change your billing date anyway.
Rating: 10/10
TakeProfit Reset Cost - PRO (funded) Accounts
TakeProfit Trader stands out as a firm that offers resets of funded accounts. If you fail a PRO account and want to keep it instead of having to pass another eval, you can, for a fee.
You can do this up to three times per Pro account. The fees are:
Plan | $25K | $50K | $75K | $100K | $150K |
|---|---|---|---|---|---|
PRO Reset | $449 | $649 | $799 | $999 | $1,499 |
What I like here: Having the option to reset a PRO account is nice, although it's not something a trader should take lightly. You're saving yourself some time, and you're getting more risk than your fee (i.e., $2K of risk for $649 on the $50K account). If you're confident in your ability to regroup, this could be a good benefit for you.
What I don't like here: Nothing, but be careful. If you pay this reset fee, then burn the account again, it's going to hurt even more.
Rating: 10/10
TakeProfit Review: Payout Split
They have two payout stages.
In PRO accounts, which are funded sim accounts, they'll pay you 80% of your trading profits. 80% payout is pretty normal for a sim funded futures account, but some do pay out more.
In PRO+, which are live brokerage accounts, they'll pay you 90% of your trading profits, which is on the higher end.
What I like here: Competitive payouts in both sim funded and live brokerage.
What I don't like here: It's not the highest funded sim split in the industry, but they provide a clear path to PRO+ where you can earn a higher split
Rating: 8/10
TakeProfit Review: Trading Platforms
TakeProit trader offers CQG data or Rithmic Data, which is great. Choose your feed, and chose from over 15 trading platforms, including TradingView, Tradovate, Ninja, Quantower, Motivewave, and more.
Personally I use CQG and Ninja.
You can also use anything that supports RTrader (Rithmic) data. There are many more of those not listed here. In total Rithmic works with over 50 platforms.
With TPT, you can use these platforms and more.
What I like here: CQG is great and not many firms offer it. I'm not a mobile trader, but traders on mobile will love these options. Rithmic lovers, every Rithmic-integrated platform you want to use should work with Rithmic.
What I don't like here: Nothing, this is one of the top setups when it comes to platforms & data feeds.
Rating: 10/10
TakeProfit Review: Commissions - Test & PRO Accounts
TakeProfit commissions for evaluation accounts and PRO accounts are set by TPT. They're a little above average for minis, and much better than average for micros.
- Full-size (e-mini) contract commissions: Above average cost
- e-mini: $5 per roundtrip
- Micro-contract comms: The lowest I've seen on a futures funding program.
- micro e-mini: $0.50 per roundtrip
Micro contract traders can save big here, up to 50% the cost of other firms, while e-mini traders might pay a little more (10-5% more). The more you trade, the more these differences add up for you.
What I like here: The micro e-mini commissions are fantastic, the lowest I've seen on any futures funding platform, by 30%. If you like to scale in/out with micros, this can save you a lot of money.
What I don't like here: The e-mini commissions are about a buck higher than the lowest among futures funding firms.
Rating: 9/10
TakeProfit Review: Commissions - PRO+ Accounts
Commissions for PRO+ accounts are set by NinjaTrader brokerage & Tradovate. The two firms are now merged, but still have different commissions from each other. You can see the Ninjatrader ones here and click here for tradovate comms.
What I like here: These are the same commissions you'd pay if you went and opened your own brokerage account.
What I don't like here: Nothing. Fair pricing. Commissions are just part of the game.
Rating: 10/10
TakeProfit Review: Withdrawals / Payouts
This prop firm processes payouts whenever you request them - every day.
You can withdraw anything over the buffer amount, from day 1. You can withdraw profits each day if you want.
Withdrawals over $250 are free. Withdrawals $250 or under will have a $50 withdrawal fee subtracted.
What I like here: They boast about having the easiest payout policy in the industry, and it's true.
What I don't like here: Nothing. Although you should force yourself to build up a profit cushion before you start withdrawing every day.
Rating: 10/10
TakeProfit Review: Withdrawal Methods
You can withdraw your TakeProfit Trader profits through:
- Bank (ACH) transfer via Plaid (US banks only)
- Wise (International or US)
- Paypal (International or US)
What I like here: Plenty of options, ACH is free, Wise has lower fees than PayPal for most transfers.
What I don't like here: I like to minimize the number of companies that have any connection to my bank, and personally I'm not a fan of PayPal.
Rating: 9/10
TakeProfit Review: Max Account Size
TakeProfit offers a $150K account at the top of their lineup. That comes with a $4,500 EOD drawdown limit, which is the most important number. Why?
Because that's how much you have to lose to fail the account.
What I like here: This is below average, but still reasonable.
What I don't like here: Would like it if they had another, larger account, with more risk, but that's not necessary.
Rating: 8/10
TakeProfit Trader Review: Multiple Accounts
TakeProfit Trader allows you as many eval accounts as you want. You can have up to five funded (PRO/PRO+) accounts total.
You can make/lose money a lot faster with multiple accounts, but there's more to consider. Read more about trading multiple accounts.
Header | UProfit | |||
|---|---|---|---|---|
Initial Balance | $25k - $200k | $9k - $150k | $50k - $150k | $25k - $300k |
Profit Split | 80% | 80% | 90% | 90% |
Tradable Assets | Futures (indices, metals, oil, etc.) | Futures (indices, metals, oil, etc.) | Futures (indices, metals, oil, etc.) | Futures (indices, metals, oil, etc.) |
Link |
What I like here: If you can earn more, while sizing smaller relative to account loss limits, you can stay in the game longer, and that's important.
What I don't like here: Five accounts is fewer than some firms offer, but it's more than enough for a solid trader to make a great living.
Rating: 9/10
TakeProfit Trader Review: Funded Account Costs
TakeProfit Trader charges a one-time activation fee of $130 for PRO accounts of any size.
What I like: I like one-time fees over monthly fees. $130 is very reasonable for $50K - $150K accounts.
What I don't like: Some companies allow the trader to choose between a one-time fee and a monthly fee, giving traders more control. But, if you keep the account more than a month with those, you often end up paying more than the one-time fee. And you really should be keeping the accounts much longer.
Rating: 10/10
TakeProfit Trader Review: Evaluation Profit Target
Their profit targets are similar to other top futures funding firms out there, but a little higher.
Plan | $25K | $50K | $75K | $100K | $150K |
|---|---|---|---|---|---|
Profit Target | $1,500 | $3,000 | $4,500 | $6,000 | $9,000 |
Profit Target % of Starting Capital | 6% | 6% | 6% | 6% | 6% |
What I like here: Good and simple, the same percentage goal at each account size.
What I don't like here: Nothing
Rating: 10/10
TakeProfit Review: Evaluation Drawdown Limits
TrakeProfit test drawdown limits specify the amount you can lose below your "high water mark" before you hit your threshold and fail the account. Theirs are EOD drawdowns, so intraday fluctuations won't raise your threshold.
Plan | $25K | $50K | $75K | $100K | $150K |
|---|---|---|---|---|---|
Drawdown Limit | $1,500 | $2,000 | $2,500 | $3,000 | $4,500 |
Drawdown Limit % of Starting Capital | 6% | 4% | 3.3% | 3% | 3% |
Drawdowns range from 3% to 6%, with most being 3.3% or lower. The $25K is the best value here with the 6% drawdown limit.
What I like: End of Day (EOD) drawdown limits, 6% drawdown on $25K accounts.
What I don't like: Could be better, but they're about average. No complaints.
Rating: 9/10
TakeProfit Review: Profit Target / Drawdown Ratio
The profit-target-to-drawdown ratio is crucial to consider.
How much must you make to pass, vs how much you can lose before failing?
The ease/difficulty of passing hinges largely on this metric, for most traders.
The more room you have, per dollar you need to earn, the better your odds of passing.
Plan | $25K | $50K | $75K | $100K | $150K |
|---|---|---|---|---|---|
Profit Target | $1,500 | $3,000 | $4,500 | $6,000 | $9,000 |
Drawdown Limit | $1,500 | $2,000 | $2,500 | $3,000 | $4,500 |
Ratio of Profit Target to Drawdown | 1:1 | 1.5:1 | 1.8:1 | 2:1 | 2:1 |
The smaller the first number of the ratio, the better.
What I like here: I like the 1:1 ratio on the $25K accounts
What I don't like here: TakeProfit could do better here, although most of the firms that have better ratios don't offer them on EOD accounts, so there's a tradeoff there.
Rating: 9/10
TakeProfit Review: Funded Account Drawdown Limits
TakeProfit funded (PRO/PRO+) accounts carry the same drawdown limit amounts as evaluation accounts.
They do, however, have intraday trailing drawdowns - different from the end-of-day drawdowns you had in their evaluation. Like most, those do become static once the threshold reaches the starting balance. i.e., Once you have $3,000 profit in the $50K, your threshold reaches $50K and stops trailing.
Plan | $25K | $50K | $75K | $100K | $150K |
|---|---|---|---|---|---|
Drawdown Limit | $1,500 | $2,000 | $2,500 | $3,000 | $4,500 |
Drawdown Limit % of Starting Capital | 6% | 4% | 3.3% | 3% | 3% |
What I like: Fair amounts
What I don't like: I don't like rules that change from evaluation to funded. Moving from EOD drawdown to intraday drawdown may force some traders to trade differently in the funded account, until they've cleared enough profits to stop the trailing drawdown.
Rating: 7/10
TakeProfit Review: Evaluation Rules
TakeProfit has a handful of rules you have to follow to keep your account:
- Don't hit your drawdown limit
- Don't hit daily loss limit
- Don't go over max contracts
- Trade within the allowed trading times (6pm ET Sun - 5pm ET Fri)
- To pass, no single day can be more than 50% of your total profit.
That's it!
What I like: Simple, reasonable rules.
What I don't like: I'd prefer the daily loss limit to be a soft rule (just done for the day after you reach it). There is also no automation to prevent you going over max contracts, so don't go ham on the buttons.
Rating: 8/10
TakeProfit Review: Funded Rules
TakeProfit PRO and PRO+ funded accounts have some rules on top of what you see in their evaluation accounts:
- No bots/algos
- You must exit before markets hit CME price limits (most firms require this)
- You must trade at least one day per calendar week (Sun-Fri) with an open position for at least 1 minute.
- News: Must be flat with no open orders one minute before, during, and after FOMC, NFP, CPI. With oil, same goes for Crude Oil Inventories
- 10yr note, 30yr bond futures not allowed.
- Drawdown limit is now intraday trailing instead of EOD.
These are in addition to the rules you see on the evaluations (minus the consistency rule, which goes away in funded):
- Don't hit your drawdown limit
- Don't hit daily loss limit
- Don't go over max contracts
- Trade within the allowed trading times (6pm ET Sun - 5pm ET Fri). If your chosen contract closes earlier, you still have to be flat before it closes.
What I like: I like the removal of the consistency rule in funded. The rest of the rules are important for risk management, to make sure the firm can stay in business and pay its traders.
What I don't like: I prefer rules be the same in funded as they are in evaluations.
Rating: 9/10
TakeProfit Review: Trading News
Their evaluations allow news trading.
Funded accounts have special restrictions on what you can trade when (see details directly above).
What I like: It's good to limit boneheaded news trading on big events like FOMC.
What I don't like: I'd prefer if they made it consistent from eval to funded.
Rating: 9/10
TakeProfit Trader Review: Holding Overnight, on Weekends, & Over Holidays
Nope. If the market is closed, you have to be flat. If the instrument you're trading is closing, you need to be flat before it closes.
What I like: I'm indifferent because I don't want to hold through weekends, etc. anyway.
What I don't like: Traders who want to take on swing trades will have to do it somewhere else.
Rating: 9/10
TakeProfit Review: Markets Traded
TakeProfit Trader offers futures (CME, NYMEX, COMEX, & CBOT).
What I like: They offer all the futures products I need.
What I don't like: I wish some online prop firms would branch out into stock trading, but I understand why they don't (less leverage, more costly).
Rating: 8/10
TakeProfit Review: Support
TakeProfit's support team has always been responsive and helpful to me. They offer 24hr chat support during the trading week.
What I like: Good support
What I don't like: Nothing.
Rating: 10/10
TakeProfit Review: Final Verdict
I like TakeProfit, and I feel good about recommending them.
Overall, there are a handful of things that make them a great option:
- Every Day Withdrawals
- Automated Withdrawals
- CQG Data Feed
- Reasonable pricing
- Lowest commissions on micros
Overall Rating: 9.16/10
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