Take Profit Trader is a proprietary trading firm that specialises in futures trading. With its base in Orlando, US, the firm uses an evaluation process to identify traders with the potential for generating a consistent income stream, from which both the firm and the trader will benefit. There are five different starting balances to select from, beginning at $25,000 (for a $150 monthly fee) and reaching $150,000 (for a $360 monthly fee).
Take Profit Trader’s range of outstanding – and free – educational materials empower traders with the tools and knowledge necessary for making informed trading decisions. Another attractive feature is the firm’s clear and concise trading rules, which foster trading practices that are simultaneously safe and profitable. Traders can trade all CME assets, including CBOT, CME, COMEX, and NYMEX Future assets, also including the Micros.
TickTickTrader was established recently, in 2022, but its founders have been involved in the trading industry for over two decades. Their experience working with other prop firms was frustrating, so they set out to design a platform without the limitations and complications they had encountered far too often. The result is a highly transparent offering that is committed to helping its traders achieve financial independence, with straightforward, trustworthy rules.
TickTickTrader’s business model puts the success of its traders at its core, diverging from the profit-centric model prevalent elsewhere in the trading sphere. With a thorough understanding of today’s markets, the firm looks to provide an innovative service to the modern futures trader. Customer service is notably efficient, available 24/7, and the firm has created an unusually nurturing and supportive trading environment.
| TakeProfitTrader is best for: | TickTickTrader is best for: |
| Futures traders with a moderate level of skill. | Seasoned traders with a proven record of success trading futures. |
| Those seeking extensive educational materials. | Those prioritising a substantial profit split. |
| Traders who prioritise instant withdrawals. | Traders seeking diverse challenges options and funding levels. |
| Traders interested in a range of futures instruments. | Those looking to join a supportive community. |
Comparative Table of TickTickTrader and Take Profit Trader:
Take Profit Trader and TickTickTrader are among the most frequently discussed prop trading firms, with both offering traders a pathway to funding. Nonetheless, they operate in different ways, and each has its own distinct rules, features and benefits which traders should be aware of when choosing between the two. The following table looks at the main elements of both firms.
| Feature | TakeProfitTrader | TickTickTrader |
| 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. |
| Challenge Types | One-Step, Funded Account Split | One Step Evaluation Process |
| Challenge Account Sizes | $25,000 up to $150,000 | Different challenges between $25,000, $50,000 & $100,000 |
| Challenge Cost | $150 up to $360/month | $145 up to $285/month |
| Minimum Trading Days | 5 days | none |
| Max Position Size | 3 to 15 contracts | 4 to 14 contracts |
| Profit Target | $1,500 up to $9,000 | $1,500 up to $6,000 |
| Payout Split | 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 offer four key advantages: more trading flexibility, higher profit potential, instant withdrawals, and the option of trading immediately with a TTTPerformance Account, skipping the evaluation process.
Take Profit Trader: Take Profit Trader doesn’t have a scaling plan, and PRO accounts enable you to trade the same capital as you were trading in your test account.
Deeper Dive into Take Profit Trader vs. TickTick Trader
The table below is an in-depth comparison of Take Profit Trader and TickTickTrader’s rules.
| Rule Category | Take Profit Trader | TickTick Trader |
| Scalping | Allowed | Allowed |
| Day Trading | Allowed | Allowed |
| Swing Trading | Allowed | Allowed |
| Holding Positions Overnight | Not Allowed | Allowed |
| Holding Positions Over Weekends | Not Allowed | Not Allowed |
| Copy Trading | Allowed | Allowed |
| News Trading | Allowed | Not Allowed |
- Max Daily Loss (MDL):
- TickTickTrader: Daily loss limits at TickTickTrader vary according to account size, ensuring plausible risk management parameters for each individual trader. Accounts are monitored throughout the trading day to check that you haven’t exceeded your daily loss limit.
- Take Profit Trader: Effective risk management is integral to profitable trading, and part of this with Take Profit Trader is the daily loss cap, which incentivises traders to trade responsibly.
- Max Drawdown (MDD):
- TickTickTrader: Drawdown is calculated at the close of each trading day throughout TickTickTrader’s evaluation phase. The calculation takes into account only the realised profits up to that point, and not any unrealised profits targeted throughout the day.
- Take Profit Trader: The end-of-day trailing drawdown is too often overlooked; Take Profit Trader ensure this isn’t the case by simplifying the rule for Test accounts. It is calculated at the close of each trading day, rather than during individual trades.
- Withdrawal:
- TickTickTrader: If you adhere to TickTickTrader’s Maintain Consistency Rule on your TTTPerformance account and your balance surpasses the minimum and safety thresholds, you can access your profits straight away. In other words, you’re compensated for your achievements immediately. The firm’s payout policy operates within the following guidelines:
- The minimum withdrawal limit is $250.
- There is also a safety threshold, which is the minimum profit balance required in your account for you to continue withdrawing funds.TickTickTrader will process all withdrawals within five business days.
- Up to 20% of total profits from deactivated accounts can be withdrawn, provided they exceed safety thresholds and comply with Maintain Consistency rules. There’s no minimum amount required for this withdrawal.
- Direct Accounts offer the potential for increased profits and immediate withdrawals, without the 40-trading-day waiting period. As soon as you surpass the safety threshold, you’re eligible to request a withdrawal.
- Take Profit Trader: With a PRO account, you can withdraw profits immediately, from the first day. There aren’t any minimum days of profit required, there’s no maximum withdrawal amount, and there are also no withdrawal restrictions on profits above the buffer.
- Leverage:
| Leverage Futures | TickTickTrader | TakeProfitTrader |
| Futures | 1:1 | 1.1 |
Take Profit Trader vs. TickTickTrader: Pros and Cons
In this section we look at the benefits and drawbacks of both futures prop firms:
Take Profit Trader:
- PRO accounts allow payouts immediately.
- Withdrawal process is instant.
- PRO accounts offer three resets.
- Wide variety of trading platforms available.
- Profit targets are realistically achievable.
- Trading competitions happen often, with prizes for those who perform well.
- Limited educational resources available.
- Holding positions overnight and during news events are subject to constraints.
- Possibility for customisation is limited.
- 80% profit share is lower than TickTickTrader’s.
TickTickTrader:
- Funding is available instantly, without having to go through an evaluation process.
- Variety of account types catering to a range of traders.
- No minimum trading days required, which expedites the process.
- Trading plans offer a range of maximum position sizes, so you can choose the best strategy according to which plan you choose.
- TickTick Drawdown evaluates your trading progress on a daily basis, offering a helpful assessment of how you’re performing.
- Simple, transparent rules and swift evaluation process streamline the process.
- Trading requires the use of third-party tools.
- Concentrated exclusively on futures trading.
- Requirement for positions to be closed by the end of the trading day.
- Limited educational resources.
Conclusion
All in all, TickTickTrader and Take Profit Trader both offer attractive futures funded accounts for prop traders, but each firm is tailored to the needs of different traders.
Take Profit Trader stands out in particular for its large variety of account sizes and instruments available for trading, as well as clearcut rules, useful educational resources, and excellent customer support. Its focus is currently limited to futures trading, and holding positions overnight and automated trading is not allowed, but the firm more than makes up for these minor shortcomings with its dedication to the development of its traders, with a customisable trading experience enabling a large degree of autonomy. There is no minimum trading day requirement, and this together with high daily limits and the chance to trade during news events empower experienced traders to capitalise on market opportunities. A generous profit share and a tiered account structure are the icing on the cake!
TickTickTrader’s approach is a laid-back one and is therefore best suited for traders with at least a moderate level of experience who will flourish with opportunity to trade freely, with larger daily limits and no minimum trading day requirement. The firm’s pricing is competitive, with account sizes rising incrementally in price, and the risk management framework ensures a balance between minimising risk while enabling traders to adopt successful strategies. Like Take Profit Trader, TickTickTrader caters exclusively to futures traders, and neither holding positions overnight, nor automated trading, is permitted. Nevertheless, we would still rank TickTickTrader as a leading firm with numerous advantages.
When thinking about which prop trading firm to partner with, it’s important to reflect on your own personal preferences and requirements, as well as all the features and rules of the firms we’ve examined in this review. Your financial position, level of experience, goals and risk appetite are all vital considerations. If you need some more information, it’s well worth reading through our detailed pieces, TickTickTrader Review 2024 and TakeProfitTrader Review 2024 for further insights that might help with what will inevitably be a tricky decision.
