TakeProfit Funding- My Review

I get asked all the time to do a review on Take Profit Trader. This is now one of my favorite prop firms! They have only a 5 minimum trading day requirement for the evaluation. They also have NO consistency rule once your funded! They have an immediate withdrawal process, which is also great, but if you're planning on keeping your account for the long-term and respecting your risk, then you may not want to withdraw right away. I do believe it's important to pay yourself right away and get to house money so it's about finding a balance between growing and doing that. Lots of other companies have a wonky long drawn out process, however Take Profit is not one of those companies. They have a consistency rule of 50% for the evaluation, which means that they are checking to see if you can reach your profit target over several days versus just yolo trading in one day. However, since there is no target to reach once you are funded, there is no similar rule on consistency. They have no scaling rule on the funded side as far as contract size goes - you can trade full size on day one if you want - which I don't recommend until you have a nice cushion first. However if you do want to take a quick withdrawal you can and I know many who have done it. There is also a no trading 1 minute before, during, or after the news.  They also have funded account resets (up to 3 resets), so if you blow up your funded account, you can skip the evaluation process and go back to a funded account which is very nice cause it saves you time. It will be at a price to get your funded account back but you'll get it back right away. I prefer to just do the evaluation again.

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