2024 Trade the Pool Review • Prop Trading Firm for Stock Traders (2024)

Trade The Pool Ratings at a Glance

Trade the Pool Product Offerings
Trade the Pool Customer Service
Trade the Pool Security
Trade the Pool Minimum Investment and Pricing
Trade the Pool User Experience
Trade the Pool Overall

Table of Contents

  • Trade the Pool Product Offerings
  • The Super Buying Power
  • The Extra Buying Power
  • The Ultimate Buying Power
  • Trade the Pool Pump
  • Trade the Pool Dump
  • Other TTP Service Offerings
  • Trade the Pool Customer Service
  • Trade the Pool Security
  • Trade the Pool Minimum Investment and Pricing
  • Trade the Pool User Experience
  • Trade the Pool vs. Competitors
  • Trade the Pool Overall
  • Frequently Asked Questions

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 Super Buying Power

This is TTP's basic service package offering a modest fee of $300 and a maximum daily loss of $700. The payout for this package is 60/40, meaning that on funding, profit is split between you and the company at a ratio of 60 to 40. The maximum exposure on this account is $80,000. The maximum exposure indicates the maximum position size in dollars given by price per share multiplied by the number of shares. However, what you need to be conscious of is the maximum exposure per trade (which is 30% of your DL), as it can tell you the amount you're allowed to trade with a single click. For instance, for a DL of $700, you can trade $210 (30% of $700) per click. You don’t need to worry about exceeding the max amount; TTP’s system will automatically enforce it.

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.

Other TTP Service Offerings

TTP also offers resource-rich content via its blogging and podcast section, eBook and tricks-and-tips PDFs — risk management, improving your skills, indicator tools, the emotion behind trade execution and other highly insightful content on the economy geared towards educating the client. Benzinga rates TTP 5 out of 5 on service offerings.

TTP offers consistent phone support. However, you can also contact the company via email or online chat. The online chat is highly efficient, and you can expect to get a response in less than a minute. You can leverage the company's online ticketing or connect via its Discord channel. It’s also available on major social media platforms, including Facebook, Twitter, Instagram and YouTube. The company has a 4.6 rating on Trustpilot from 12 reviews. Out of the 12 reviews, one user complained about the platform's spread. However, the company's support team clarified the underlying confusion, explaining that the spread parameters at any given time aren't arbitrary but reflect the overall market conditions at the time. While the sample space is unimpressive, the 4.2 rating indicates excellent customer service. Benzinga rates the company 5 out of 5 in customer service.

Trade the Pool Security

TTP uses industry-leading best practices to protect user data. Personal information shared with the company is processed based on legal regulations — California Consumer Privacy Act or European data protection law where applicable. All user data is kept in a secure online environment and encrypted. Except expressly authorized by the user, individual data are not used for marketing or other purposes. You are entitled to all information, corrections, limitations, deletions, data portability, objection and revocation rights. Benzinga rates TTP 4.5 out of 5 on security.

Trade the Pool Minimum Investment and Pricing

TTP offers a free 14-day trial for anyone who would like to test it, with no credit card needed

From a trader's point of view, the ability to get funded with up to $260,000 including a free subscriber for Trade Ideas or TrendSpider should be a no-brainer.

The signup fee is $300 for the Super Buying Power, $475 for the Extra Buying Power and $1240 for the Ultimate Buying Power. In addition, you have the option to reset your daily loss, which will allow you to continue to trade on the same day and risk another full daily loss. However, since TTP wants you to have some accountability for your trading, you will need to pay a fine to reset the daily loss — $50 for the Super Buying Power, $100 for the Extra Buying Power, and $250 for the Ultimate Buying Power.

If you don’t succeed after the first 45 days, you can pay the redemption fee to continue where you stopped initially. The redemption fee is the same as the signup fee for each package. Benzinga rates TTP 5 out of 5 on pricing.

TTP is intuitive and easy to use. It takes only a few minutes to get set up. The whole process is automated. The platform provides a trading-optimized environment powered by cutting-edge tech where traders can synergize with one another, expand their knowledge base and enhance their expertise. The well-designed dashboard adds to its appeal. Traders have access to 12,000+ ETFs and stocks, offering a diverse opportunity to earn profit and grow funds, plus the risk pump, which helps to bolster traders' confidence regarding risk. There are few better platforms than TTP. Benzinga rates the platform 5 out of 5 on user experience.

Trade the Pool vs. Competitors

Trade The Pool’s proprietary platform includes level 2 quotes and top-of-the-line CBOE real-time feed — all the necessary tools a stock trader asks for and more than 12,000 stocks and ETFs to trade. Competitors offer feed for stocks but result in far fewer symbols to trade. An advantage of TTP comes from the fact that its CEO Michael Katz is a veteran stock trader who understands firsthand what it takes to make it as a trader.

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Trade the Pool Overall

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.

Benzinga rates TTP 5 overall out of 5.

Frequently Asked Questions

Q

Is Trade the Pool legit?

A

Trade the Pool is a legit platform backed by The 5%ers, one of the most reputable prop trading platforms.

Q

Is prop trading profitable?

A

Prop trading employs diverse strategies, including index arbitrage, merger arbitrage, volatility arbitrage and global macro-trading to deliver results.

2024 Trade the Pool Review • Prop Trading Firm for Stock Traders (2024)

FAQs

What are the best prop firms for futures in 2024? ›

A list of the Best Prop Firms For Futures for March 2024 are: FTMO – Best for multiple trading strategies. TopStepTrader – Best overall. Lux Trading Firm.

Is there a prop firm for stock trading? ›

Stock trading prop firms provide stock traders with large volumes of trading capital for the trader to use buying and selling stocks - in exchange for a profit split. The firms will usually keep 50%-20% of the profits obtained by the stock trader each month - which is beneficial for both parties.

Which is the most trusted prop firm? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  • Topstep.
  • The 5%ers.
  • Earn2Trade.
  • SurgeTrader.
  • FTMO.
  • E8.
  • City Traders Imperium.
  • Fidelcrest.
Feb 2, 2024

What trading platform does trade the pool use? ›

Our goal is to give you all the help you need to become a funded trader, that's why we have partnered with the top trading tools in the industry, such as: Trade Ideas, TrendSpider, Bookmap, TraderSync, TraderVue and Stock Traders Daily. Sign up and choose which of those do you prefer.

Which prop firm has the fastest payout? ›

Weekly. The fastest prop firm payout cycles are administered on a weekly basis. With Funding Traders, you can get paid out every 7 days – empowering you to access your hard-earned profits faster. Our forex prop firm prioritizes safe and fast payout options for consistently profitable traders.

What is the best prop firm for futures trading? ›

Quick Look: Best Prop Trading Firms
  • Best for Beginner Futures Traders: Apex Trader Funding.
  • Best for Experienced Traders: FXIFY.
  • Best for Stock Traders: Trade the Pool.
  • Best for Experienced and Beginner Forex, Indices and Metal Traders: The 5ers.
  • Best for All Futures Traders: BluSky.

Why is FTMO banned in US? ›

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

How much do prop firms pay traders? ›

In conclusion, the income of prop firm traders can vary greatly depending on several factors such as experience, performance, and the size of the firm. On average, a junior prop trader can expect to earn anywhere between $50,000 to $100,000 per year, while a senior trader can make upwards of $500,000 annually.

How many traders fail prop firms? ›

According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders.

What is the most trusted prop firm in 2024? ›

#1 – Funder Trading

Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

What is the best funding prop firm in 2024? ›

Comparison of the Best Firms for Prop Trading
Company NameProfit splitMaximum capital
FX2 Funding85%$200000
FTMOUp to 90%$400,000
Lux Trading Firm75%$10 million
Audacity Capital50%$500,000
10 more rows

Which prop firm has the lowest fees? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

Is trade the pool legit? ›

Trade the Pool is a legit platform backed by The 5%ers, one of the most reputable prop trading platforms.

Who is the owner of trade the pool? ›

Michael Katz | CEO at Trade The Pool, trader, mentor, Fin-Tech developer | Udemy.

What trading platform do millionaires use? ›

A prime brokerage

Large financial firms, including Goldman Sachs and Morgan Stanley, offer prime brokerages. The minimum amount a client must have to use a prime broker is $500,000, though it's not uncommon for clients to have $50 million in assets.

Which futures is most profitable? ›

What futures are most profitable? Trading in futures markets such as the Micro E-Mini Russell 2000 (M2K), Micro E-Mini S&P 500 (MES), Micro E-Mini Dow (MYM), and Micro E-Micro FX contracts can be highly profitable due to their distinct market characteristics.

Does FTMO allow futures trading? ›

For example, FTMO clients can access CFD contracts on stock indices, crypto or futures with zero commission. However, the truth is that trading Futures is still much more difficult financially because of paying for the data feed and platforms.

What is going long in futures? ›

Going long in a future means the holder of the position is obliged to buy the underlying instrument at the contract price at expiry. The holder of the position will profit if the price of the underlying instrument goes up, as the price he will pay will be less than the market price.

What is the most volatile futures contract? ›

Crude oil (CL) provides decent volume, but it also requires the most margin and is the most volatile.

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