I have spent thousands of dollars on Take Profit Trader evaluation accounts and months of focused, disciplined effort to reach the funded account stage and accumulate money in my funded account — for all of it to be taken away in the most shocking and unexpected manner.
All of this was wiped out and my funded account permanently closed because I inadvertently had an open trade at 1pm on Presidents’ Day, not realizing it was a short trading day.
Every other time there were prohibited trading hours due to events or holidays, Take Profit Trader sent warning emails. This time, no email was sent. The system did not flag the trade as a violation and allowed the trade to remain open, and I was able to close it for a profit and continue placing trades the following trading day. After that, they reviewed the trades, closed my funded account, and took away both the account and all of my accumulated profits over what was clearly an inadvertent mistake.
I appealed, requesting a reasonable compromise — void the violating profitable trade or at least reset the account to zero. To add insult to injury, I received NO RESPONSE. I have sent several emails, and it has now been SEVEN DAYS with absolutely zero response. No consideration for the fact that I was a long-term customer who had spent a ton of money with them (TPT's evaluations are some of the most expensive in the industry). In contrast, Apex responds within minutes and actually tries to help. The sudden unexpected loss of my account compounded by the complete lack of response has left me very distressed and completely disillusioned with this company.
Trading is extremely challenging as it is —I am part of a large trading community and know that the majority of traders lose money. The few who do make money usually make it by mentoring others on how to trade. The fact that prop firms add layers of technical rules that can trap you and result in liquidation of your account makes achieving consistent profitability feel like an elusive goal. Take Profit Trader could’ve implemented safeguards to block trades during prohibited hours or automatically close positions — like some other firms do — but they don’t.
I’ve already had SIX funded accounts with Take Profit Trader and never received a single dollar in payout — which shows how much money I’ve spent with them and how difficult it is to make any money trading under these conditions.
They are about profit — for themselves. Take away your profit, trader.
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