In this TickTick Trader review, I will look into the essential aspects of what to know before subscribing to TickTick Trader, a platform that has become increasingly prominent in the world of proprietary trading firms. Prop trading firms like TickTick Trader have gained popularity for offering traders the opportunity to manage funded accounts in exchange for a share of the profits.
TickTick Trader, specifically, has caught the attention of many in the forex trading community. This platform is known for its diverse offerings, which include advanced software tools and a streamlined evaluation process that traders must pass to qualify for a funded account.
Users have consistently praised TickTick Trader for its prompt payouts and excellent customer service, contributing to its reputation as a reliable option for those looking to venture into prop trading.
This review aims to provide a comprehensive look at TickTick Trader, covering who they are, what they offer, and the pros and cons of their service. Such insights are crucial for traders considering this platform, helping them determine if TickTick Trader aligns with their individual trading needs and preferences. Keep reading for a detailed exploration of TickTick Trader’s features and offerings.
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What To Know Before Subscribing To TickTick Trader
Before deciding to subscribe to TickTick Trader, or any other futures prop trading firm, there are some things you should know. The benefits, drawbacks, trading rules, and pricing are all important considerations. But before we get into those details, let’s be clear on exactly what TickTick Trader is and isn’t.
What is TickTick Trader?
TickTick Trader, established in February 2022 by Gerardo Tolivia Mariscal in Bucharest, Romania, represents a new wave in the world of prop trading firms. The platform, which dates back to 2004 in its conceptual form, was born out of a need for greater transparency and simplicity in trading practices.
The firm stands out for its unique approach to empowering traders. It offers futures traders funded accounts, available either through a comprehensive evaluation or direct funding, providing flexibility and catering to a range of trader needs. This trader-first philosophy, combined with transparent rules and continuous support, has garnered TickTick Trader positive acclaim and a strong reputation within the trading community, as reflected in its high Trustpilot rating of 4.8 out of 5 from almost 6,000 reviewers.
TickTick Trader is more than just a trading platform; it’s a commitment to the success and financial independence of its traders, contributing to the growth of the entire trading ecosystem.
Benefits of TickTick Trader
Now that I have covered what TickTick Trader is and isn’t, the next thing we need to know before subscribing is the benefits. Here is what TickTick Trader brings to the table:
- One-step Evaluation: Allows traders to quickly assess their suitability for trading with a simplified evaluation process.
- No Minimum Trading Days: Provides the freedom to trade without daily restrictions, enabling traders to operate at their own pace.
- Direct Funding Option: Offers an alternative to traditional evaluation with the possibility of receiving funding directly.
- Free NinjaTrader License Key: Grants access to a premium trading platform, enhancing the trading experience.
- Flexible Monthly Payouts: Gives traders the option to request earnings at any point during the month, adding to financial flexibility.
- Complimentary Jigsaw Daytradr & Bookmap: These tools offer enhanced trading insights, aiding in more informed decision-making.
- End-of-Day Drawdown Updates: Allows traders to assess their daily losses at the close of each day, helping manage risk more effectively.
- Larger Loss & Position Limits: Increases trading capacity and risk tolerance, offering more room for strategic maneuvering.
- 100% Profit Retention: Traders keep all their initial earnings, incentivizing successful trading.
- User-Friendly Interface: The modern, intuitive design of the platform improves usability and trader engagement.
- News Trading Permitted: Provides real-time market news, updates, and insights, crucial for informed trading decisions.
- TickTickDrawdown Feature: Provides accurate daily evaluations of trading progress, aiding in strategy adjustment and improvement.
TickTick Trader Drawbacks
Before deciding if you want to subscribe to TickTick Trader or not, you must consider some of the negatives associated with them, to make sure there aren’t any redflags. Here are the main drawbacks I found with TickTick Trader:
- Minimum Withdrawal Amount: Traders need to accumulate at least $1,000 to make a withdrawal, which could be a hurdle for those looking to access smaller earnings.
- Limited Trading Scope: TickTick Trader specializes exclusively in futures trading, limiting options for traders interested in diversifying across different financial instruments.
- No Free Trial: The absence of a free trial means potential users cannot test the platform before committing financially.
- Prohibited Overnight Trades: The platform does not allow traders to hold positions overnight, which may restrict certain trading strategies.
- Lack of Educational Resources: Unlike some other platforms, TickTick Trader does not provide an education center, which could be a drawback for new traders seeking to learn more about trading.
- Dependency on Third-Party Tools: Traders may need to rely on external tools for trading, which could add to the complexity of their trading setup.
TickTick Trader Account Types, Pricing, and Profit Splits
As they say, “the devil is in the details”, especially when it comes to prop trading firms. Like the other best futures prop trading firms, TickTick Trader offers a variety of account types with varying rules and financial considerations. I did my best to break them down in an easily digestible form:
Account Types and Pricing
- Evaluation Accounts: These are categorized into Starter, Advanced, and Professional tiers.
- Starter Evaluation Account: Offers $25K capital, a $1,500 profit target, a maximum of 4 positions, a $500 daily loss limit, and a subscription fee of $145 per month.
- Advanced Evaluation Account: Comes with $50K capital, a $3,000 profit target, up to 10 positions, a $1,250 daily loss limit, and costs $160 per month.
- Professional Evaluation Account: Provides $100K capital, a $6,000 profit target, a maximum of 14 positions, a $2,500 daily loss limit, and is priced at $285 per month.
- Express Plan: Designed for aggressive traders, it offers a $6,000 profit target, up to 14 contracts, a $3,500 drawdown limit, no daily loss limit, and costs $99 for 15 days.
- Direct Accounts: Includes 10k Direct Swing, 25k Direct, and 50k Direct, each with distinct trading rules, pricing, loss limits, and drawdown limits.
Profit Splitting and Payouts
For Direct Accounts:
- Profit retention is 100% for the first three months and 90% thereafter.
- Each account type has a specific safety threshold and minimum withdrawal amount: $1,100 for 10K Direct Swing ($250 minimum withdrawal), $1,600 for 25K Direct ($250 minimum withdrawal), and $2,600 for 50K Direct ($500 minimum withdrawal).
Payout details:
- Traders can request their first payout after 40 trading days and reaching the account’s safety threshold.
- Safety thresholds vary by account: $1,600 for 25K Starter, $2,600 for 50K Advanced, and $3,600 for 100K Pro.
- The minimum withdrawal amount is set at $1,000, with 100% profit retention for the first three months, then 90% from the fourth month.
Check out my exclusive TickTick Trader coupon code to get a variety of discounts on certain account types.
Final Thoughts
Throughout this article, I’ve dived into various aspects of TickTick Trader, providing insights into what to know before subscribing to TickTick Trader. The platform’s array of account options, including Evaluation, Express, and Direct Accounts, caters to a wide range of trader preferences and skill levels. Its unique profit-splitting arrangements and flexible payout policies further enhance its appeal to futures traders.
TickTick Trader presents a robust and adaptable trading environment, offering both new and experienced traders the opportunity to engage in futures trading with a supportive and transparent platform. For those interested in exploring TickTick Trader further and determining if it aligns with your trading objectives, Click Here.
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