Take Profit Trader Review

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 on the Test and PRO accounts are $4.50 per round trip per contract, and $1.50 per round trip for Micros.

• Minimum of 3 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+.

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.

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