TakeProfitTrader: The Daily Payout Prop Firm — Full Guide and Review
TakeProfitTrader has been one of the most reliable firms of the last few years. This site has affiliate links, which means I may earn a commission at NO extra cost to you.
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Get 40% off + NO activation fee by using code IMAN — it’s the best discount guaranteed.
ALL Relevant Rules for TakeProfitTrader’s Accounts
This table puts ALL relevant information for each account size in 1 spot, which simplifies everything and saves you time. It’s best viewed on a computer rather than mobile.
| 25k Account | 50k Account | 75k Account | 100k Account | 150k Account | |
|---|---|---|---|---|---|
| Price at 40% off | $90 | $102 | $147 | $198 | $216 |
| Discount code | IMAN | IMAN | IMAN | IMAN | IMAN |
| Profit target | $1,500 | $3,000 | $4,500 | $6,000 | $9,000 |
| Max drawdown | $1,500 | $2,000 | $2,500 | $3,000 | $4,500 |
| Drawdown type | EOD | EOD | EOD | EOD | EOD |
| Daily loss limit | NONE | NONE | NONE | NONE | NONE |
| Consistency rule (eval) | 50% | 50% | 50% | 50% | 50% |
| Max position size | 3 Contracts / 30 Micros | 6 Contracts / 60 Micros | 9 Contracts / 90 Micros | 12 Contracts / 120 Micros | 15 Contracts / 150 Micros |
| Activation fee | NONE with code IMAN | NONE with code IMAN | NONE with code IMAN | NONE with code IMAN | NONE with code IMAN |
| Minimum days to pass | 5 | 5 | 5 | 5 | 5 |
| FUNDED ACCOUNT | |||||
| Profit split | 80% (90% once live) | 80% (90% once live) | 80% (90% once live) | 80% (90% once live) | 80% (90% once live) |
| Drawdown type | INTRADAY | INTRADAY | INTRADAY | INTRADAY | INTRADAY |
| Payout rules | Request anything made beyond the buffer⬇️ | Request anything made beyond the buffer⬇️ | Request anything made beyond the buffer⬇️ | Request anything made beyond the buffer⬇️ | Request anything made beyond the buffer⬇️ |
| Buffer before payouts | $1,500 | $2,000 | $2,500 | $3,000 | $4,500 |
| Consistency rule | NONE | NONE | NONE | NONE | NONE |
| Daily loss limit | NONE | NONE | NONE | NONE | NONE |
| Scaling rule | NONE | NONE | NONE | NONE | NONE |
IMPORTANT RULES
Activity rule
TPT requires at least 1 trade per week. That can be as simple as opening and closing a micro.
News trading
All open positions must be closed 1 minute before prohibited news events. Resume trading 1 minute after the news.
Minimum payouts
Payout requests less than $250 have a $50 fee. Payouts over $250 have NO fee.
Summary of TakeProfitTrader’s Funding + Payout Rules
Unlike many prop firms that have multiple different funding models, TPT uses just 1 model for each of the 5 account sizes.
Evaluation
Has a 50% consistency rule, which means you could reach the profit target in as little as 2 days. However, you’d need to open and close a trade for 3 more days in order to meet the 5 minimum days of trading rule. That rule can be satisfied by just opening and closing 1 trade on each day.
Funded account (“PRO”) + payout rules
The drawdown mode switches from EOD to intraday once funded, which is the only downside of using TakeProfitTrader. If needed, go here for a guide on the difference between EOD and intraday drawdown.
You can request payouts (every day) on any profits you make beyond the buffer. For example, the 50k account has a $2,000 buffer. If your account balance is $52,500, you can request up to a $500 payout.
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There is no specific criteria for being transitioned to a live account. TPT does it at their discretion.
When a trader transitions from PRO (sim funded) to PRO+ (live), the PRO account is placed on hold. Its balance is frozen at $5,000 in profit, and the trader can withdraw the leftover profits beyond that. So, if you had $12,000 in profit, you could withdraw $7,000.
When you start the PRO+ (live) account, it begins with a $0 balance. It has an END-OF-DAY trailing drawdown (amount is equal to the account’s max drawdown in the evaluation). For example, the 50k account would have a max drawdown of $2,000. The trailing drawdown stops at the $0 starting balance. There is no buffer rule required to request payouts, and it’s a 90% rather than 80% profit split.
If you lose the PRO+ account and end with a:
negative balance, the amount lost is deducted from the $5,000 remaining in the PRO account. The maximum amount lost/deducted would be the entire max drawdown ($2,000 for the 50k account, which would leave your total remaining profits in the PRO account at $3,000).
positive balance, any remaining profits within the PRO+ account will become eligible for withdrawal.
Should You Use TakeProfitTrader?
The intraday drawdown once funded is a deal-breaker for some, which is a completely valid opinion. However, if you’re alright with it, then TakeProfitTrader is one of the best futures prop firms in the industry. Their main appeal is offering daily payouts. Plus, it seems like they are one of the only remaining firms that doesn’t require being net positive between every payout request. Code IMAN updates to the highest possible discount and waves the activation fee.
Free TPT accounts!
There have been over 400 free accounts given away by TakeProfitTrader and the other top firms on the Prop Firm Center Discord server. I’d love to have you join.