Take Profit Trader

Take Profit Trader

CEOJames Sixsmith
CountryUS
Trust Pilot3.5
Date CreatedMar 2021
Years in Operation4

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Take Profit Trader

Take Profit Trader

3.5
4

Firm Overview

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CQG
Payment Methods
Credit/Debit CardCredit/Debit Card
PayPalPayPal
Payout Methods
PayPalPayPal
Plaid
WiseWise

Instruments and Assets

Type of Instruments:Features
Assets :n/a

Leverage

Leverage: Maximum Contracts Allowed per Account Size

  • $25K: 3 Contracts / 30 Micros
  • $50K: 6 Contracts / 60 Micros
  • $75K: 9 Contracts / 90 Micros
  • $100K: 12 Contracts / 120 Micros
  • $150K: 15 Contracts / 150 Micros

Commissions

  • Commissions for all products amount to $5 per round trip per contract, while Micros incur a commission of $0.50 per round trip per contract.

Consistency Rules

  • Minimum of 5 trading days.

  • 50% consistency rule, no trading day must exceed more than 50% of your total profits during the Test phase.

  • No consistency rule on Pro and Pro+.

Firm Rules

News Trading

During the Test phase:

  • Allowed with no restrictions.

On Pro and Pro+

  • Restricted to 1 minute before and after the event.

  • FOMC meeting minutes/announcements. These occur on Wednesdays at 2pm eastern time. (You are allowed to trade through FED speakers.)

  • NON-Farm payroll (NFP). (These events occur on Friday’s at 8:30am eastern, once per month.)

  • Consumer Price Index – CPI

In addition to these news events, the following news events are prohibited for specific instruments:

  • News event: crude oil inventories. Prohibited product - crude oil
  • News event: bond auctions. Prohibited products - 10 year note, 30 year bond

You can check all upcoming news events at forexfactory.com

Expert Advisor

  • Not allowed.

Copy Trading

  • Allowed.

Drawdown

  • Drawdown is the total amount you can lose on your account. The drawdown is End of Day on test accounts, meaning it updates at the end of the trading day (5PM EST).
  • On the PRO accounts, the drawdown is intraday, meaning it trails your unrealized profit in real time.
  • In PRO+, the drawdown is End of Day, the same as in the test. The drawdown across all three account types will STOP trailing once it has reached the initial account balance.

Once traders pass the Test, they have the option to reset the Pro account up to 3 times.

Max Loss Type

  • Test & Pro+ Stage: EOD Trailing

  • Pro Stage: Intraday Trailing

  • Pro Account Reset Option: Once traders pass the Test, they have the option to reset the Pro account up to 3 times.

Live accounts (PRO+ accounts) overview

  • Copy trading: Allowed for up to 5 accounts.
  • Drawdown type: End-of-day drawdown.
  • No payout restrictions, No consistency rule.
  • No daily loss limit.
  • No buffer zone.
  • 90% profit split.

Payout Policy

PRO account, the profit split is 80%

  • Payouts: On-Demand: When you reach your PRO account, you have the ability to withdraw funds on day one.

  • Traders can withdraw profits at 80% once they reach the level of maximum drawdown, which we refer to as the ""buffer zone."".

  • A trader may withdraw profits inside of the buffer zone; however, this action can only be performed once the account has been terminated."\t

  • Traders have to reach 10K profit in a single day on the PRO account to be upgraded to PRO+ or if they demonstrate consistent profitability.

PRO+ account, the profit split is 90%

  • Trader directly routed to the exchange, not SIM or ''copy traded''.

  • No buffer zone requirement

Restricted Countries

AfghanistanAfghanistan
AlbaniaAlbania
AlgeriaAlgeria
AngolaAngola
BarbadosBarbados
BelarusBelarus
BelizeBelize
BeninBenin
Bosnia and HerzegovinaBosnia and Herzegovina
BotswanaBotswana
BulgariaBulgaria
Burkina FasoBurkina Faso
BurundiBurundi
CameroonCameroon
Cape VerdeCape Verde
ChadChad
Christmas IslandChristmas Island
Cocos IslandsCocos Islands
ComorosComoros
Cook IslandsCook Islands
Cote d'Ivoire (Ivory Coast)Cote d'Ivoire (Ivory Coast)
CroatiaCroatia
CubaCuba
Democratic Republic of the Congo (Congo Free State)Democratic Republic of the Congo (Congo Free State)
DjiboutiDjibouti
DominicaDominica
Equatorial GuineaEquatorial Guinea
EritreaEritrea
EthiopiaEthiopia
Falkland IslandsFalkland Islands
FijiFiji
GabonGabon
GambiaGambia
GhanaGhana
GibraltarGibraltar
GuineaGuinea
Guinea-BissauGuinea-Bissau
GuyanaGuyana
HaitiHaiti
Heard IslandsHeard Islands
IranIran
IraqIraq
JamaicaJamaica
JordanJordan
KazakhstanKazakhstan
KenyaKenya
KiribatiKiribati
KosovoKosovo
LaosLaos
LebanonLebanon
LesothoLesotho
LiberiaLiberia
LibyaLibya
MalawiMalawi
MaliMali
MaltaMalta
MauritaniaMauritania
MauritiusMauritius
MayotteMayotte
MicronesiaMicronesia
MonacoMonaco
MongoliaMongolia
MontenegroMontenegro
MontserratMontserrat
MoroccoMorocco
MozambiqueMozambique
Myanmar (Burma)Myanmar (Burma)
NamibiaNamibia
NauruNauru
NepalNepal
NicaraguaNicaragua
NigerNiger
NigeriaNigeria
Northern Mariana IslandsNorthern Mariana Islands
North KoreaNorth Korea
North MacedoniaNorth Macedonia
PakistanPakistan
PanamaPanama
Papua New GuineaPapua New Guinea
PhilippinesPhilippines
QatarQatar
RomaniaRomania
RussiaRussia
RwandaRwanda
Saint Vincent and the GrenadinesSaint Vincent and the Grenadines
Sao Tome and PrincipeSao Tome and Principe
SenegalSenegal
SerbiaSerbia
SeychellesSeychelles
Sierra LeoneSierra Leone
SloveniaSlovenia
SomaliaSomalia
South AfricaSouth Africa
South Georgia IslandsSouth Georgia Islands
Sri LankaSri Lanka
SudanSudan
SurinameSuriname
SvalbardSvalbard
SyriaSyria
TajikistanTajikistan
TanzaniaTanzania
Timor-LesteTimor-Leste
TogoTogo
Trinidad and TobagoTrinidad and Tobago
TunisiaTunisia
TurkeyTurkey
TurkmenistanTurkmenistan
TuvaluTuvalu
UgandaUganda
UkraineUkraine
VenezuelaVenezuela
VietnamVietnam
Western SaharaWestern Sahara
YemenYemen
ZambiaZambia
ZimbabweZimbabwe