Trade The Pool
TTP was founded in 2022 by Five Percent Online Ltd, the operators of The5ers — a time-tested, highly reputed and well-respected prop trading firm established in 2016.
Trade The Pool offers a unique funding solution for all types of stock traders, and a partner of some of the most leading companies in the industry.
TTP was founded in 2022 by Five Percent Online Ltd, the operators of The5ers — a time-tested, highly reputed and well-respected prop trading firm established in 2016.
Trade The Pool offers a unique funding solution for all types of stock traders, and a partner of some of the most leading companies in the industry.
Gil Ben Hur, an independent forex trader, is the founder of Trade The Pool. His visionary concept for a fair, transparent platform was the catalyst for the firm’s inception. Hur’s ultimate mission? To offer a trading space where you don’t have to worry about hidden fees or sneaky practices.
Trade The Pool is a stock trading firm that is pioneering fresh approaches to trading, enabling more people to enter and thrive in the markets. Trade The Pool’s approach to trading is not only focused on achieving financial success but also on fostering a community of like-minded individuals striving for mastery in the trading world. Their dedication to a mutually beneficial relationship sets them apart from many other firms in the industry.
The firm offers easy accessibility to global stock markets, attracting many to trading as a viable profession. With four different account options ranging from Mini to Ultimate Buying Power, TTP caters to various trading needs, supported by special features like “Pump and Dump.” A free 14-day trial is available for newcomers, while the payout structure is made transparent with a partnership with Deel.
TTP also employs the Trader Evolution platform and provides access to over 12,000 stocks and ETFs. Customer support is responsive, with a 4.4-star rating on Trustpilot, reflecting positive feedback. From account flexibility to innovative trading features, Trade The Pool makes trading accessible and rewarding for traders at all levels. You can explore the firm’s exciting offers.
TTP’s Pros & Cons
Pros
- Experienced team with a solid reputation from The5ers.com.
- Four distinct account sizes cater to different trading needs.
- Innovative “Pump and Dump” features for dynamic trading.
- Offers a 14-day free trial for new traders.
- Access to over 12,000 stocks and ETFs for diversification.
- Responsive customer support through various channels.
- Unlimited buying power
- Incredible program features like start over button and redemption fees
- Exquisite and insightful trading dashboard
- Excellent content and educational resources
- Withdraw profits and scale up your funded account at the same time
- Free subscription for Trade Ideas or TrendSpider or Bookmap
- Get a free month with TraderSync
- Great opportunity to grow or hone your trading skills
Cons
- Challenging evaluation requirements for prospective traders.
- Limited promotional offers for certain evaluation programs.
- Unlimited buying power can create over-leveraging
- Primarily stocks and CFDs
Trade the Pool Product Offerings
When Your Talent & Our Capital Join Forces – Like most prop trading firms, TTP provides prop traders with the capital, tools and logistics needed to excel in the stock market. However, unlike most prop firms, the platform operates a single-phase evaluation model, which means you only need to pass one evaluation step to get funded. The program offers almost unlimited purchasing power, which makes sense since you’re trading a single pool. However, you must be mindful of the maximum daily loss (DL), Risk Per Day (RPD) and max drawdown (DD).
The reason is that the DD determines your profit targets and other parameters. For instance, the standard profit target needed to get you funded is set at two times your max DD (2XDL), which means if your DD is dollars, you’ll need to hit a profit equal to 2 X $2,100 (or $4,200) to get funded. The DD is set at three times your daily loss (3XDL). In line with the platform’s rule, you must complete a minimum of 30 trades within 45 days. The 30-trade minimum makes for a comprehensive end-to-end evaluation objective, allowing the company to fully assess your skills and risk management capabilities while ensuring you didn’t hit the profit target because of luck.
TTP provides premium access to pooled resources in three service packages. Each package offers a trade period of 45 days. Besides liquid funds, packages offer free access to Trade Ideas or TrendSpider — two top-of-the-line trading tools useful especially during the evaluation period. The core difference in these packages is seen in the daily loss limit, pricing, maximum exposure and payout ratio. Here’s a review of each account.
The Extra Buying Power
At $475, the extra buying power is a trader’s pick. Its maximum exposure is twice that of the Super Buying Power. The daily loss limit is also significantly higher at $1,300. Its 70:30 payout in your favor is a significant step up from the Super Buying Power package with a max exposure of $160,000.
The Ultimate Buying Power
This top-tier package costs $1,240, with a payout at 80:20 in your favor if you pass the evaluation and start trading. For this package, the DL is $2,000, and max DD is $6,000, which means you must hit a profit target of $12,000 to get funded. The maximum exposure is $260,000. Funds provided by TTP can be used to trade any stock and ETF in the U.S. It’s worth mentioning that the trader cannot upgrade or downgrade the current plan once the program has commenced.
Trade the Pool Pump
A pump is a measure TTP adopts to bolster your trade confidence by helping you take more risks. Suppose you maintain a winning streak for five consecutive days with at least three times your initial DL. In that case, TTP will pump up your daily loss and max exposure. The percentage pump will depend on your specific package. It is 5% for super buying, 8% for extra buying and 15% for ultimate buying packages.
For instance, assuming you joined the extra buying package with a DL of $1,300, you’ll potentially have your DL pumped to $1,404 (8% increase) after five days of consecutive winning amounting to $3,900 (3XDL). The specific amount you made on each day doesn’t matter. The important thing is that you excelled each day, and the sum of the five days amounts to at least three times your daily loss. Traders face no limit to the number of pumps they can get.
Trade the Pool Dump
As you might expect, the TTP dump is the opposite of the pump. You also must have had a pump before you get hit with a dump. In a dump, the platform decreases your DL limit when you lose for five consecutive days with at least two times your initial DL. For instance, in the previous example, using the Extra Buying Power package, you had a risk pump of $1,404. After five consecutive days of losing amounting to at least $2,600 (2XDL), your DL will automatically take one step back to $1,300.
Trade The Pool Accounts Options
Trade The Pool offers four distinct account sizes to cater to various trading needs. These options range from the Mini Buying Power to the Ultimate Buying Power, each with specific requirements and advantages. What makes these accounts stand out is the flexibility in profit sharing, scaling from a 50/50 split to a more favorable 80/20 ratio for larger accounts.
Account Options and Pricing
- Mini Buying Power: Designed for those looking to start small, this account provides a buying power of $20,000 at the cost of $97. The profit split in this tier is balanced, allowing traders to grow steadily.
- Super Buying Power: This account supplies $80,000 in buying power for a $300 fee. This option may be suitable for intermediate traders looking to expand their portfolios.
- Extra Buying Power: As the name suggests, this account boosts buying power to $160,000 for $475. Ideal for more experienced traders, the Extra Buying Power account accommodates more substantial investments and trading strategies.
- Ultimate Buying Power: For the seasoned and ambitious trader, the Ultimate Buying Power account furnishes a commanding $260,000 in buying power at the cost of $1240. With this account, traders can access a higher profit-share ratio, reflecting the level of investment and potential returns.
By offering these varied account sizes, Trade The Pool ensures that traders at different stages of their careers can find an option that aligns with their goals and budget. From those taking their first steps in trading to seasoned professionals seeking significant leverage, these account options cater to a diverse trading community, all under the thoughtful guidance and support of Trade The Pool.
Trade The Pool Free Trial
Trade The Pool offers a 14-day free trial for new traders. It’s an opportunity provided to traders that would want to explore their trading platform without any cost for a two-week period.
Trade The Pool Payout Structure
Trade The Pool has partnered with Deel for its payout system. Traders can withdraw their funds every 14 days, following a straightforward process. The withdrawal becomes eligible once a profit equal to one daily loss has been reached.
Here’s a breakdown of the daily loss figures for each account type:
- Mini Buying Power (BP): $300
- Super Buying Power (BP): $700
- Extra Buying Power (BP): $1300
- Ultimate Buying Power (BP): $2000
These figures reflect the thresholds for each account size, offering clarity and transparency in how TTP handles payouts. It’s part of their commitment to provide a seamless trading experience, ensuring that profit withdrawals are both accessible and timely.
Conclusion
Trade The Pool, emerging from a legacy of credibility and innovation, marks itself as a distinctive presence in the stock trading industry. With its well-designed structure and approach, TTP caters to traders across different skill levels, providing them with tools and features to grow and succeed in their trading endeavors.
TTP provides an innovative platform for expert stock traders and newbies to hone their skills and master their trading strategies using robust trading tools and software to guarantee success. Its highly intuitive features make for hassle-free trading and a great user experience. The single-phase evaluation and the highly efficient customer service are commendable.
Disclaimer: The information provided in this review is based on publicly available data and user feedback. It is essential that you conduct thorough research and exercise caution before making any financial decisions.
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