TakeProfitTrader

TakeProfitTrader, founded on January 26, 2021, is an unregulated broker based in the United States offering over 40 types of futures contracts. It supports 18 trading platforms and provides 3 withdrawal options like Plaid, PayPal, and Wise. A key advantage is its 24/7 live support and More than 15 available trading platforms, but it is unregulated and does not support MT4/MT5.

Pros and Cons

Is TakeProfitTrader Legit?

TakeProfitTrader has no regulatory license. This broker has not been found to be regulated by well - known financial regulatory authorities such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). It operates without a license. Its domain name is takeprofittrader.com. It was established on January 26, 2021, and will expire on January 26, 2030.

What Can I Trade on TakeProfitTrader?

TakeProfitTrader offers 40+ types of futures contracts, covering currencies, energy, metals, stock indices, and agricultural products. But theres no ETF trading.

Account Type

TakeProfitTrader offers 5 types of live accounts ($25K, $50K, $75K, $100K, $150K). This broker also offers PRO and PRO+ account type. The PRO account charges a one-time fee ($130) instead of a monthly subscription.

TakeProfitTrader Fees

TakeProfitTrader's trading fees are considered mid-range within the industry. The commission for mini contracts is $5 per round turn, and for micro contracts, it is $0.50 per round turn.

Trading Platform

TakeProfitTrader offers 18 trading platforms, allowing users to freely choose connections based on different data feeds (CQG or Rithmic).

Deposit and Withdrawal

About deposit, the monthly fees for different futures accounts range from $150 to $360, as detailed in the table below. Once you become an official PRO Trader, the monthly fee is waived, and you only need to pay a one-time PRO account setup fee of $130.

However, the broker's official website does not list withdrawal fees. It offers three withdrawal methods: direct transfer to a U.S. bank account via Plaid, PayPal, and Wise for international withdrawals. Additionally, there is no maximum withdrawal limit.

Rewards

Take Profit Trader (TPT) has launched a points reward system where users can earn TPT points by purchasing test accounts, trading, and completing achievements (such as passing a test or withdrawing $1,000). Points can be redeemed for rewards like free test accounts or account resets, with 1 point earned for every $1 spent.