TakeProfitTrader (TPT) is a prop‑firm / funding provider focused on futures trading, offering a path for traders to prove their skills in a “Test / Evaluation” phase, and — if successful — get funded (PRO or PRO+ accounts) with firm capital.
TPT aims to cater both to more conservative traders and aggressive scalpers / day‑traders, but with strict rules regarding drawdowns, trading style, contract limits, and account management.
📄 Account Types & How It Works
📝 Evaluation / Test / Initial Phase
- The evaluation for TPT consists of a single‑step test (no multi-phase) to get to PRO account.
- Minimum trading requirement: 5 trading days needed.
- During evaluation, you must respect End‑Of‑Day (EOD) drawdown limits.
- There is also a daily loss / maximum loss limit, varying by account size.
- There’s a “consistency rule” on evaluation: profits must be achieved on at least 5 different days, and no single day’s profit may exceed 50% of total profit during evaluation.
- Allowed instruments: futures contracts, usually CME/CBOT/NYMEX/COMEX products.
- There is a contract/position-size limit depending on account size. E.g. for a 25 K account maybe 3 minis / 30 micros, for larger accounts more.
If you accomplish these and stay within drawdown/loss/contract limits — you pass evaluation and become funded (PRO account).
💼 PRO & PRO+ (Funded) Accounts — What Changes When Funded
PRO Account
- Profit split: 80% to trader / 20% to firm.
- Withdrawal eligibility starts from day one after funding — but with buffer zone requirement first. That means you must reach a certain account balance threshold before withdrawing profits.
- Buffer zone corresponds to maximum drawdown amount. For example: to withdraw on a 50 K account, you must rebuild the account up to 52 000 $ (i.e. starting balance + drawdown allowance) before profit withdrawals at 80% are allowed.
- PRO accounts must remain active: there is a rule that you need to trade at least one day per calendar week (Sunday–Friday). A “traded day” means at least one open position that day.
- No “consistency rule” applies to PRO (unlike evaluation phase).
- Rule on no counter‑positions: you cannot hold opposite positions in the same product or closely related products. This applies also after funding.
- You must respect a trailing drawdown rule: the drawdown is calculated intraday using your peak equity (realised + unrealised). If the balance ever drops to the trailing‑drawdown floor, account is liquidated.
- Also there are rules about no open positions during certain high‑impact news events (for funded accounts): you must exit all positions before such events.
PRO+ Account (Live / Upgraded Funded Account)
- PRO+ is offered by invitation only, after certain performance criteria (for example, after hitting profit milestones).
- Profit split increases to 90% trader / 10% firm.
- In PRO+ typically trading is with real capital (live), not simulated.
- The same rules apply: drawdown / contract size limits / no counter‑positions / no violated rules.
✅ What’s Good (for Traders Like You) – and What to Watch Out For
Pros:
- The evaluation is a single‑step, relatively simple test — only 5 trading days needed.
- After funding, profit split (80% → 90%) is attractive.
- Possibility to withdraw profits from day one (once buffer zone target is met).
- Allowed instruments are mainstream futures from CME/CBOT/NYMEX/COMEX — likely similar to your focus (e.g. indices, gold, etc.).
- After funding, no “consistency rule” — gives flexibility if you prefer irregular profit patterns rather than strict day‑by‑day.
Watch‑outs / Potential Downsides:
- Trailing drawdown after funding means intraday volatility or unrealised profit swings can blow you out — especially risky for aggressive scalpers or high‑leverage trades.
- There are contract size limits depending on account size — might limit very large trades if you want to scale.
- No computer bots / automated trading / algos allowed (at least for PRO accounts) — you must trade manually.
- On funded PRO accounts, there are restrictions around news events — you must flatten all positions around major events (like FOMC, CPI, NFP, etc.).
- The firm focuses only on futures — no forex, crypto, equities diversification.
🎯 Is TakeProfitTrader a Good Fit for My Trading Style?
Given your background — fast, intraday scalping on futures (like NQ, Russell, S&P, gold, etc.) — TakeProfitTrader could be an option, but you need to be very disciplined:
- Because of the trailing drawdown rule after funding, you must manage risk strictly — scalping with high volatility may be risky unless you’re good at cutting losses quickly and locking profits.
- The contract size limits could restrict large scaling — but if you trade mostly micros / minis (or moderate volume), it may work.
- You must manually trade (no bots), and pay attention to news events — so avoid holding positions over big announcements (which might intersect with your trading times).
- Profit split (80–90%) is attractive and withdrawals are flexible — good if you aim to monetize consistently.
