Take Profit Trader Reviews & Ratings: Unveiling the New Age Prop Firm (2024)

Take Profit Trader Reviews & Ratings: Unveiling the New Age Prop Firm (1)

Take Profit Trader is a rising star with the intention of redefining traditional trading education and funding. Designed to equip traders with the tools they need to succeed, Take Profit Trader is far from your average prop firm. The company offers funding opportunities but also delivers high-quality trading education—for free.

Moreover, it’s hard to ignore the accolades this firm has garnered. With a high overall rating of 4.3 out of 5 based on 431 reviews, Take Profit Trader is undoubtedly making waves in the industry. An impressive 77% of these reviews are five-star ratings. Customers are particularly praising the firm’s unmatched customer service and transparent policies.

The purpose of this article is to provide a comprehensive review of Take Profit Trader. We’ll delve into the various facets of the company, from its founding team and mission to its distinct features, services, and pricing details.

Learn More About Take Profit Trader

The Visionary Behind Take Profit Trader

James Sixsmith, the man steering the ship at Take Profit Trader, has an intriguing backstory that diverges from the typical routes into the trading world.

Originally a professional hockey player, Sixsmith faced a career transition that led him to question his future endeavors. What he found was a new passion: trading. However, the journey could have been smoother. The initial phase saw him lose nearly $150,000, serving as a bitter yet valuable lesson in the intricacies of trading.

What stands out is Sixsmith’s vision for a trading “utopia” that aims to eliminate the pitfalls he faced. His aspirations for Take Profit Trader are grand yet grounded, constructed on Education, Customer Service, Funding, Asset Classes, and Instant Withdrawals.

Sixsmith’s experience and vision are the backbone for Take Profit Trader’s unique approach, setting the firm apart in a crowded market.

Key Features that Set Take Profit Trader Apart

Take Profit Trader has features that make trading as transparent and accessible as possible. Here’s a breakdown of some of their standout offerings:

  • Free Quality Education: Education is the cornerstone of any successful trading career, and Take Profit Trader takes this seriously. The firm provides many educational resources at zero cost—everything in the markets, from basic guides and eBooks to webinars and advanced trading strategies.
  • Unmatched Customer Service: In an era where automated bots often replace human interaction, Take Profit Trader emphasizes the importance of genuine customer service. Their nearly 24/7 live chat support ensures that traders can get immediate assistance whenever needed. This reinforces the company’s commitment to an excellent user experience.
  • Access to Funding Without Carnival Rules: One of the biggest hurdles in trading is obtaining capital. Take Profit Trader streamlines this process with straightforward aptitude tests that assess, not hinder, your trading skills. Gone are the convoluted and confusing rules that plague the industry.
  • All Asset Classes: Take Profit Trader doesn’t limit you to just one trading avenue. They plan to offer a comprehensive range of asset classes, from equities and forex to commodities and cryptocurrencies, allowing traders to diversify their portfolios.
  • Instant Withdrawals: We’ve all heard horror stories about withdrawal delays. Take Profit Trader aims to end this with a built-in wallet system. This feature allows traders to withdraw their profits instantly, giving them complete control over their finances.

Each feature culminates in a platform that supports and actively encourages trader growth and profitability.

What Are Users Saying?

When assessing the credibility and effectiveness of any service, customer reviews are often the most telling. Take Profit Trader boasts impressive ratings with an overall score of 4.3 out of 5 stars. An overwhelming 77% of these are 5-star ratings, showcasing high customer satisfaction.

Testimonials frequently highlight the exceptional customer service offered by the firm. For instance, one user was particularly impressed with the quick response after passing the aptitude test to transition to a pro account. The reviewer also suggested that Take Profit Trader could improve by extending their live chat support to 24 hours, indicating the firm’s attentiveness to feedback for continuous improvement.

Another consistent praise is the ease of funding and the straightforward nature of their rules. Users appreciate the clearly stated guidelines and hassle-free procedures to start trading professionally.

Regarding reliability, many reviews confirm that Take Profit Trader is “the real deal”. These testimonials endorse their 1-day withdrawal policy and user-focused setup. Even in cases where criticisms are present, the company is noted for its proactive approach to addressing issues, exemplifying its commitment to customer satisfaction.

The high ratings and positive reviews solidify Take Profit Trader’s reputation as a reliable and customer-focused prop trading firm.

Conclusion

In this comprehensive review, we’ve delved deep into the workings of Take Profit Trader. From its humble beginnings with former hockey player James Sixsmith to its current standing as a prop firm striving to disrupt the traditional trading landscape, the company has shown ambition and innovation. With free quality education, nearly 24/7 live chat support, straightforward aptitude tests, a wide range of asset classes, and instant withdrawals, Take Profit Trader covers all bases to ensure a user-friendly experience.

The customer reviews and ratings also attest to the company’s quality. It has an impressive 4.3 out of 5 stars, with 77% of users giving a 5-star rating. These high marks indicate that Take Profit Trader has not just talked the talk but has walked the walk, providing services that genuinely cater to traders’ needs and concerns.

In the area of affordability, the company sticks to its promise of free education. This aligns with its goal to make trading accessible for everyone. However, potential users should consider any nominal fees for tests or other services.

Does Take Profit Trader live up to its hype? Based on its features, high ratings, and customer testimonials, it certainly seems to. If you want to take your trading journey to the next level, it may be time to explore what Take Profit Trader offers.

Ready to start your trading journey with a company that puts you first? Click here to get started with Take Profit Trader today!

Save 50% with Take Profit Trader promo code ‘MODESTMONEY’

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Take Profit Trader Reviews & Ratings: Unveiling the New Age Prop Firm (2024)

FAQs

Is TakeProfitTrader legit? ›

Summary of My Take Profit Trader Review

Take Profit Trader is a popular choice and one of my most recommended companies. They are requested quite often. Most known for offering traders the ability to pass your evaluation with no minimum number of trading days.

Do prop firms give real money to trade with? ›

Sure, the firm may replicate successful trades of the funded traders on the firm's real account. But, again, those are trades made by the firm itself with its own capital. And in general, prop firms insist that they are not financial institutions and do not provide financial services.

Should I use take profit? ›

Take-profit orders are best used by short-term traders interested in managing their risk. This is because they can get out of a trade as soon as their planned profit target is reached and not risk a possible future downturn in the market.

Does take profit trader payout? ›

As you know we pride ourselves on having the fastest payouts in the industry. To utilize that, we provide you with three payout options - ACH, Bank Wire or PayPal.

Which trading strategy has the highest success rate? ›

Indicator-Based Directional Trading

This strategy uses an indicator to determine the direction of the trade. The indicator provides a clear signal when it's time to enter or exit a trade, making it easy to work with. Traders who use this strategy can expect to see consistent results and high success rates.

What is the simplest most profitable trading strategy? ›

One of the simplest and most widely known fundamental strategies is value investing. This strategy involves identifying undervalued assets based on their intrinsic value and holding onto them until the market recognizes their true worth.

Why is prop trading illegal? ›

The Volcker Rule is intended to restrict high-risk, speculative trading activity by banks, such as proprietary trading or investing in or sponsoring hedge funds or private equity funds.

Which prop firms are legit? ›

Overview: Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders.

How do prop firms not lose money? ›

Strict risk management rules – prop firms impose strict risk management guidelines to protect their capital. While these rules help financial companies preserve their assets, they can sometimes limit a trader's flexibility in executing trades.

What is the 20 profit-taking rule? ›

Here's a specific rule to help boost your prospects for long-term stock investing success: Once your stock has broken out, take most of your profits when they reach 20% to 25%. If market conditions are choppy and decent gains are hard to come by, then you could exit the entire position.

What is the take profit limit? ›

In a take profit limit order a limit order (buy or sell) will trigger when the profit price is reached. Take profit orders are often used to set targets for and protect your profits on positions.

What is the best take profit percentage? ›

To grow your portfolio substantially, take most gains in the 20%-25% range. Though contrary to human nature, the best way to sell a stock is while it's on the way up, still advancing and looking strong to everyone.

Who is the owner of Takeprofittrader? ›

James Sixsmith - Take Profit Trader | LinkedIn.

What is the minimum trading days for Takeprofittrader? ›

Our goal at Take Profit, before we fund traders, is to make sure they're consistent. We have two rules in place for consistency, and although they are somewhat arbitrary, we take them very seriously. In order to prove that you can make money and manage risk, we ask that you show us trades over a MINIMUM 5 trading days.

What is the one time fee for take profit trader? ›

Take Profit Trader Funding charges a one time fee of $130 per account, regardless of size of account.

How much is a takeprofittrader reset? ›

Account resets are allowed but come with a minimum cost of $1,500 to reset a funded account, which could be a significant downside for some traders.

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