If you’re a stock trader looking for a way to become a funded trader, you may have come across Trade the Pool. This platform is a stock trading proprietary firm created by Five Percent Online Ltd, the operator of The5ers.com. Since its establishment in 2016, The5ers.com has earned a solid reputation as an online prop firm.
Trade the Pool specializes in trading real shares, which includes a broad list of over 12,000 available instruments. The platform offers a growth formula to increase your daily risk allowance. You need to reach five consecutive winning days, with a profit of 3 X daily loss and a 30% success rate, to get a Pump. The trading period is 45 days, and the count will start from the day you join. If you join TTP on a later date, the count will start from the first trading day after your sign-up date.
If you’re considering Trade the Pool, it’s essential to do your research and read reviews from other traders. On Trustpilot, Trade the Pool has a great reputation, with an average rating of 4.4/5 based on 46 reviews (as of October 2023). However, it’s important to note that some traders have reported issues with their accounts and the program. It’s important to weigh the pros and cons and make an informed decision before investing your time and money in Trade the Pool.
Understanding Trade the Pool
Trade the Pool is a prop trading firm that allows traders to trade stocks and other instruments with a funded account. The firm offers a one-phase evaluation program that traders must pass before receiving a funded account. The evaluation program consists of a profit target and drawdown limit, which traders must meet to pass.
Trade the Pool offers a variety of account sizes, ranging from $25,000 to $260,000 in balance. Traders can choose the account size that best fits their trading style and capital requirements.
The firm provides traders with access to a proprietary trading platform called Trader Evolution. The platform offers a range of innovative trading features, including a customizable interface, advanced charting tools, and real-time market data.
Trade the Pool also provides traders with excellent customer support via email. The firm has a great reputation on Trustpilot, with an average rating of 4.4/5 based on 46 reviews (as of October 2023).
Overall, Trade the Pool is a great option for traders looking to trade stocks and other instruments with a funded account. The firm offers flexible account sizes, an innovative trading platform, and excellent customer support.
Key Features of Trade the Pool
Trade the Pool offers a range of features that make it stand out as a trading platform. Here are some of the key features that you should be aware of when considering Trade the Pool:
Buying Power
Trade the Pool offers a range of buying power options, including Super Buying Power, Ultimate Buying Power, Mini Buying Power, and Extra Buying Power. These options allow you to choose the level of buying power that suits your trading style and goals.
Daily Loss
Trade the Pool has a daily loss limit that you can set to manage your risk. This limit ensures that you do not lose more than you can afford to in a single day.
EAs
Trade the Pool offers a range of EAs that can help you automate your trading and improve your results. These EAs can be customized to suit your trading style and goals.
ETFs
Trade the Pool offers access to over 12,000 stocks and ETFs for diversification. This range of assets allows you to build a diversified portfolio that can help you manage your risk.
Super Buying Power
Super Buying Power is a feature that allows you to trade with more buying power than you would normally have access to. This feature can help you boost your profits and achieve your trading goals faster.
Ultimate Buying Power
Ultimate Buying Power is a feature that allows you to trade with even more buying power than Super Buying Power. This feature is ideal for experienced traders who are looking to take their trading to the next level.
Mini Buying Power
Mini Buying Power is a feature that allows you to trade with a smaller amount of buying power than you would normally have access to. This feature is ideal for new traders who are still learning the ropes.
Extra Buying Power
Extra Buying Power is a feature that allows you to trade with more buying power than you would normally have access to. This feature is ideal for traders who are looking to take on more risk and achieve higher profits.
Funds
Trade the Pool offers a range of funds that you can invest in to diversify your portfolio and manage your risk. These funds are managed by experienced professionals and offer a range of different investment strategies.
Risk Management
Trade the Pool has a range of risk management tools that you can use to manage your risk and protect your capital. These tools include stop loss orders, take profit orders, and more.
Trading Layout
Trade the Pool has a user-friendly trading layout that makes it easy to execute trades and manage your portfolio. The platform is intuitive and easy to use, even for beginners.
Max Exposure
Trade the Pool has a maximum exposure limit that you can set to manage your risk. This limit ensures that you do not take on too much risk in a single trade.
Reset/Bypass Button
Trade the Pool has a reset/bypass button that you can use to reset your account or bypass certain restrictions. This feature can be useful if you need to start fresh or make changes to your trading plan.
Pros and Cons
Pros of Trade the Pool include a range of buying power options, access to a wide range of assets, and a user-friendly trading layout. Cons include a daily loss limit and the need to manage your risk carefully.
Evaluation and Funding Process
To become a funded trader with Trade The Pool (TTP), you must first pass their evaluation process. This is a one-phase evaluation process that consists of two parts: a trading test and a verification process. The trading test is designed to assess your trading skills and risk management abilities, while the verification process ensures that you are who you say you are and that you are trading your own account.
Once you pass the evaluation process, you will be eligible to receive a funded account. The amount of funding you receive depends on the program you choose and your performance during the evaluation process. TTP offers several evaluation programs with different buying power options and profit splits.
It’s important to note that TTP does not offer any no-evaluation or instant funding accounts. You must pass their evaluation process to become a funded trader.
TTP also offers a Trader Evolution program for funded traders. This program is designed to help traders improve their trading skills and increase their buying power over time. The program consists of five levels, and each level has specific targets that traders must meet to progress to the next level.
Overall, TTP’s evaluation and funding process is straightforward and transparent. They provide clear guidelines and expectations, and their customer support team is available to answer any questions you may have.
Customer Support and Service
When it comes to choosing a prop trading firm, having reliable customer support and service is crucial. Trade The Pool offers superb customer service, with quick payout times and knowledgeable support staff.
If you encounter any issues or have questions about the evaluation process, becoming a funded trader, or anything else related to Trade The Pool, you can reach out to their support team via email or phone. Their team is available to assist you with any questions or concerns you may have, and they are known for their prompt and helpful responses.
In addition to its responsive support team, Trade The Pool also offers a comprehensive knowledge base on their website. This includes frequently asked questions, trading guides, and other helpful resources to assist you in your trading journey.
Overall, Trade The Pool’s customer support and service are top-notch and can provide you with the confidence and knowledge you need to succeed as a trader.
Trade the Pool Pricing
When it comes to pricing, Trade the Pool offers a flexible and transparent model that caters to traders of all levels. The company offers a 14-day free trial that allows traders to test the platform and its features before committing to a paid plan.
Trade Pool’s pricing model is based on a commission structure. Traders pay a commission on each trade they make, which varies depending on the account type and trading volume. The commission rates are competitive and are designed to ensure that traders keep more of their profits.
The company offers two account types: the Growth account and the Pro account. The Growth account is designed for traders who are just starting and offers a maximum position size of $50,000. The Pro account, on the other hand, is for experienced traders who are looking for higher trading limits and more advanced features.
The pricing for the Growth account is as follows:
- Commission: $0.015 per share
- Max position size: $50,000
- Profit target: $6,000
- Max loss: $3,000
The pricing for the Pro account is as follows:
- Commission: $0.01 per share
- Max position size: $250,000
- Profit target: $12,000
- Max loss: $6,000
Overall, Trade Pool’s pricing model is transparent, competitive, and flexible. The company offers a free trial that allows traders to test the platform and its features before committing to a paid plan. The commission rates are competitive, and the account types are designed to cater to traders of all levels.
Trade the Pool Community
Trade the Pool provides a community for its traders to interact with each other. This community serves as a platform for traders to share their experiences, strategies, and insights. As a member of the Trade the Pool community, you have access to a network of traders who are all working towards the same goal of becoming successful traders.
Trade the Pool also offers a mentorship program for its funded traders. This program is led by Michael Katz, a professional trader with over 20 years of experience in the industry. Katz provides guidance and support to traders to help them improve their trading skills and achieve success.
As a funded trader with Trade the Pool, you will have the opportunity to participate in trading challenges and competitions within the community. These challenges are designed to encourage traders to continue to improve their skills and to provide an opportunity for traders to earn additional rewards.
In addition to the community aspect, Trade the Pool also provides its funded traders with access to a wide range of stocks and ETFs for diversification. As a funded trader, you will have access to over 12,000 stocks and ETFs, which can help you manage your risk and maximize your returns.
Overall, the Trade the Pool community provides a supportive and collaborative environment for traders to learn and grow together. With the guidance of Michael Katz and the resources provided by Trade the Pool, you can develop your trading skills and achieve success as a funded trader.
Trade the Pool Reviews
If you are looking for a way to make more money as a trader, Trade the Pool may be a solution for you. According to customer reviews on Trustpilot, Trade the Pool has a great reputation, with an average rating of 4.4/5 based on 46 reviews (as of October 2023). Many traders appreciate the platform’s innovative trading features and account flexibility.
One customer, Lord Ayon, wrote that Trade the Pool is a great company that provides traders who lack money a way to make more money. He also mentioned that customer support via mail is good and will fix the problems you may be experiencing. Another customer praised the platform’s growing community of traders and the resources available.
Trade the Pool is a proprietary trading platform for stock trading available to traders in 2023. The amount of specialized features and tools here is unlike anything else on the market right now, which, along with a great support system, makes trading accessible and rewarding for traders at all levels.
In summary, Trade the Pool has received positive reviews from customers on Trustpilot, highlighting the platform’s innovative trading features, account flexibility, and great support system.
Comparing Trade the Pool with Other Prop Firms
If you’re considering joining a proprietary trading firm, it’s important to compare different options to find the best fit for you. Here, we’ll compare Trade the Pool with other prop firms to help you make an informed decision.
The5ers.com
Trade the Pool is backed by The5ers.com, a reputable online prop firm since 2016. The5ers.com offers a similar evaluation process to Trade the Pool but with stricter rules and a longer evaluation period. However, The5ers.com offers higher profit shares and a wider range of account sizes.
FTMO
FTMO is another popular prop firm that offers a similar evaluation process to Trade the Pool. However, FTMO’s rules are more stringent, and their evaluation period is longer. On the other hand, FTMO offers higher profit shares and a wider range of account sizes.
Alternatives
If you’re looking for alternatives to prop trading firms, you may consider trading with a broker or using automated trading systems. However, keep in mind that these options may not offer the same level of support and education as prop firms.
Brokers
Brokers offer a wider range of trading instruments and account types than prop firms. However, brokers typically charge higher fees and may not offer the same level of education and support as prop firms.
Overall, Trade the Pool offers a competitive evaluation process and a range of account sizes to suit different trading needs. While other prop firms may offer higher profit shares or more stringent rules, Trade the Pool may be a good fit for traders looking for a more relaxed and transparent trading environment.
Conclusion
In conclusion, Trade The Pool is a stock trading proprietary firm that has earned a solid reputation as an online prop firm. With a team of experienced senior active traders at its core, TTP offers a variety of features and services to help traders achieve financial success in the stock markets.
One of the unique features of TTP is its funding program, which allows traders to become funded and trade with real money. This program has specific rules and requirements, but if followed, it can lead to significant financial gains.
It is important to note that TTP does not condone any illegal activities such as pump and dump schemes. They have strict rules and regulations in place to prevent any illegal or unethical behavior.
Overall, if you are looking to trade stocks and want to take advantage of TTP’s special features and services, it is worth considering becoming a funded trader with them. However, it is important to do your own research and understand the risks involved in trading before making any decisions.