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TakeProfitTrader

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Established Period:
2-5 years
Registered Region:
United States
Email Address:
N/A
Trusted
1.31
/10
★ ★ ★ ★

Basic Information

Company Name
TakeProfitTrader
Registered Region
United States
Established Period
2-5 years
Company Service Email Address
N/A
Contact Number
N/A
Company Website
https://takeprofittrader.com

Pros and Cons

Pros

  • Immediate access to funds
  • High profit splits starting at 80%
  • Positive reputation with 4.3 rating on Trustpilot
  • Transparent risk management model
  • Up to three account resets available

Cons

  • No regulated licenses held
  • Strict drawdown rules for non-pro accounts
  • Concerns over clarity of withdrawal policies
  • Limited reset options for non-pro accounts
  • Monthly fees based on account size

Is TakeProfitTrader Safe and Legit?

TakeProfitTrader is a proprietary trading firm registered in Orlando, Florida, since 2021. With two years of operational experience, it offers futures trading accounts ranging from $25,000 to $150,000, with profit splits starting at 80% and a monthly fee structure based on account size. Traders can expect immediate access to funds, allowing for same-day withdrawals after meeting profit targets without daily loss limits.

The firm operates under a transparent model, emphasizing real-time risk management and access to regulated brokers. While it is generally considered safe and legal, prospective traders are advised to be cautious due to strict drawdown rules and limited reset options, particularly for non-pro accounts.

TakeProfitTrader has garnered a positive reputation within the trading community, achieving a rating of 4.3 out of 5 on Trustpilot with over 4,400 reviews. Users appreciate the prompt customer service and fast withdrawal process, although some have raised concerns over the clarity of withdrawal policies and the frequency of account resets, suggesting mixed experiences regarding its stringent trading rules.

Is TakeProfitTrader a Regulated Broker?

What Are the Regulatory Licenses Held by TakeProfitTrader?

TakeProfitTrader does not hold any regulated licenses. It operates as a proprietary trading firm and utilizes regulated brokers for its trading activities. Prospective traders should be aware that the firm does not require registration with mainstream regulatory bodies, and thus, it has no formal oversight from organizations such as the NFA or CFTC.

Client Fund Segregation: Your Ultimate Safeguard

Capital Protection Measures

TakeProfitTrader prioritizes the security of traders’ funds by utilizing regulated brokers for trade execution. However, client funds are not held in independently regulated bank accounts, as the firm itself does not hold client trading funds. Profit payouts are derived from collected fees and shared pro+ profits, minimizing counterparty risk.

TakeProfitTrader Leverage

TakeProfitTrader does not specify leverage multiples within the available information. As a proprietary trading firm, it operates differently from traditional brokers and does not require regulatory licenses from organizations like the NFA or CFTC, which may affect leverage availability for different client classifications.

TakeProfitTrader Withdrawal Review

How to Contact TakeProfitTrader?

Does TakeProfitTrader Have Withdrawal Issues?

TakeProfitTrader generally has a positive reputation regarding withdrawals, with traders able to access their profits immediately after reaching targets. Common complaints often focus on the clarity of withdrawal policies and the frequency of account resets, but there are no significant public complaints or large-scale issues reported. Complaints are sourced from user reviews and feedback, with a rating of 4.3 out of 5 on Trustpilot indicating overall satisfaction. The broker’s handling methods are reportedly efficient, with withdrawal requests typically processed within a short time frame, enhancing its legitimacy in the trading community.

Frequently Asked Questions

A1: No, TakeProfitTrader is not a regulated broker; it operates as a proprietary trading firm and does not hold any regulated licenses. It relies on regulated brokers for trade execution, ensuring a degree of operational integrity despite the lack of formal oversight.

A2: TakeProfitTrader prioritizes the security of traders’ funds by using regulated brokers for trade execution. However, client funds are not held in independently regulated bank accounts, as the firm does not hold client trading funds, which reduces counterparty risk.

A3: Yes, traders can access their profits immediately after reaching profit targets. Withdrawals can be processed on the same day without any waiting periods, enhancing the firm’s appeal for quick access to funds.

A4: While TakeProfitTrader generally has a positive reputation for withdrawals, some users have raised concerns about the clarity of withdrawal policies and the frequency of account resets. However, there are no significant public complaints or large-scale issues reported.

A5: Traders can contact TakeProfitTrader through various channels, including email and possibly support chat options, to address inquiries or receive assistance with their accounts.

Risk Disclosure

Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.