- What is TickTickTrader?
- TickTickTrader Pros Cons
- Is TickTickTrader Legit?
- TickTickTrader Challenge
- Funded Account
- Account Conditions
- Payout
- TickTickTrader Alternative
Our Review Method
55Brokers Financial Experts possess more than 15 years of expertise in trading, meticulously examining and verifying the offerings of proprietary trading firms. They are well-versed in the challenges faced by aspiring funded traders, enabling them to offer expert opinions on platforms like TickTickTrader and its reliability.
What is TickTickTrader?
TickTickTrader, founded in February 2022, positions itself as a platform designed to simplify futures trading for both new and experienced traders. It emerged from the founders’ desire to create a more transparent and trader-focused environment, addressing the limitations and challenges they encountered with other prop firms. With over two decades of experience in trading, the founders of TickTickTrader aimed to provide a straightforward, reliable platform with 24/7 support and fast, safe payouts to help traders achieve financial independence.
TickTickTrader, as a proprietary trading firm, provides a distinctive avenue for individuals to engage in real trading without requiring significant initial funds. Transitioning to become a funded trader entails accessing company funds to trade. This is achieved by successfully passing a test or challenge, granting access to a funded account, enabling traders to operate as professionals using company resources. Learn more about proprietary trading here. However, it’s essential to explore further details regarding potential risks before committing. Learn more about Prop Trading here.
| TickTickTrader Advantages | TickTickTrader Disadvantages |
|---|---|
| 1 Step Evaluation | No Regulation |
| No Minimum Days | hard to become Funded Trader |
| Great Variety of Futures Trading | Limited Instrument Range |
| Request payouts at any point in the month | No MetaTrader Platforms |
| Wide range of Trading Platforms | No Free Trials |
| Refundable Fee once you become Funded Trader |
Is TickTickTrader Legit?
TickTickTrader is considered legitimate due to its numerous positive reviews and its location in the USA, where financial regulations are stringent. The platform’s positive user feedback demonstrates its reliability, while its adherence to strict regulatory standards reinforces trust and confidence among users
TickTickTrader TrustPilot reviews have garnered positive feedback from its users, with an outstanding rating. This high rating reflects the firm’s commitment to quality service, user-centric features, and trader success.
- In contrast to forex brokers, proprietary trading firms typically don’t operate under forex broker licenses. Consequently, they are subject to less regulation and oversight from industry regulators, making them inherently less secure. Given that the company itself manages the entire operation and provides funds for trading activities, it’s crucial to recognize and comprehend all associated risks.
Is TickTickTrader Scam?
Upon carefully reviewing the official website, we discovered no evidence to suggest that TickTickTrader is scam, with numerous users expressing satisfaction in their reviews. Nonetheless, it is important to acknowledge that proprietary trading firms are subject to limited oversight by financial regulators, which complicates the process of conclusively determining the firm’s legitimacy.
Thoroughly educate yourself about proprietary trading, comprehensively understanding associated risks. Opting for a company with a solid reputation and a long operational history ensures a more stable proposition. Additionally, considering that proprietary trading typically involves minimal investment of personal funds, primarily comprising subscription fees, potential losses are generally lower compared totraditional trading with one’s own capital.
TickTickTrader Challenge Evaluation Rules
The crucial aspect we focus on is understanding the structure of the evaluation challenge and the requirements for participating in the trading challenge. This involves clarifying the type of assessment you need to complete to access a Funded Trading Account and embark on a career as a Proprietary Trader, as well as outlining the typical costs involved, primarily centered around the Registration Fee, for traders aiming to join.
- The evaluation process offered by TickTickTrader is a one-step process. Additionally, the firm offers express funding, which allows traders to expedite the process of obtaining funding for their trading activities. This express funding option is particularly beneficial for traders who wish to quickly access capital and begin trading without delays.
- All evaluation accounts operate in a simulated trading environment designed to mimic live market conditions closely. This setup allows traders to demonstrate their skill and strategy without the risk associated with actual funds. Upon successful completion of the evaluation phase, traders can move to a TTTPerformance Account, where they can start earning from their trading activities.
Account Balance and Registration Fee
Before you get started for TickTickTrader login you will need to select the Model and Account Balance for which you would like to qualify for, based on the size you choose the conditions of the challenge are slightly different. Besides it reflects on registration fee, which you have to pay to the company to participate into the challenge, yet FundedNext offers a refund of the fee once you become Funded Trader.See our Registration Fee comparison table below:
- Evaluation accounts come in several tiers: Starter, Advanced, and Professional, with initial capitals ranging from $25,000 to $100,000 and subscription fees between $145 to $285 per month. There’s also an Express Plan for more aggressive traders, offering a fast track to becoming a funded trader with its own set of conditions and costs
- These plans are designed to suit various trading levels and goals, providing a clear path toward earning through trading activities in a simulated market environment.
- TickTickTrader offers a diverse and supportive environment for futures trading with transparent and trader-friendly policies. It stands out for its flexible account options, robust risk management tools, and the provision of free licenses for leading trading platforms, making it an appealing option for both new and experienced traders aiming for success in the futures market.
- The TickTickTrader Express Funding option is designed for traders looking for a rapid path to becoming funded traders. This option stands out for its streamlined evaluation process and distinct trading conditions, catering to those who prefer a more intensive trading experience
| Fees | TickTickTrader | FTMO | The Funded Trader |
|---|---|---|---|
| Minimum Account Size | $25,000 | $10,000 | $50,000 |
| Fee | $145 | €155 | $289 |
| Maximum Account Size | $100,000 | $200,000 | $400,000 |
| Fee | $285 | €1 080 | $1,869 |
| Reset or Test Retake | Yes | Yes | Yes |
| Is Fee Refundable? | Yes | Yes | Yes |
Profit Target
The profit target offered by TickTickTrader is set at 6% for all evaluation accounts, as well as for the Express Funding account. This uniform percentage across different account types ensures that traders have a clear and consistent goal to aim for, regardless of the capital size they start with during the evaluation phase.
Maximum Loss
TickTickTrader sets maximum loss limits as a percentage of the initial capital across its accounts: 6% for the Starter ($25,000), 5% for the Advanced ($50,000), and 3.5% for the Professional ($100,000) Evaluation Accounts, reflecting a structured approach to risk management.
- it’s crucial to adhere to all set rules during the challenge stage. Failure to comply may result in the cancellation of your test. In such cases, you’ll be required to reset the challenge, necessitating an additional reset fee to participate from the beginning.
Minimum Trading Period
TickTickTrader does not impose a minimum trading period for its evaluation accounts or the Express Funding account. This flexibility allows traders to operate at their own pace, giving them the freedom to reach the profit targets without being constrained by a required number of trading days
See the detailed table with TickTickTrader evaluation conditions based on Account Size:
Free Trial
TickTickTrader does not offer a free trial for its evaluation or Express Fund7ing accounts. Potential users are required to choose a subscription plan that fits their needs and skill level without the option to test the platform and its features without a financial commitment.
TickTickTrader Funded Account
Upon successfully passing the test or challenge, the trader will have their funded account established, a process that typically takes a few business days to activate. It’s essential to recognize that the account conditions and balance will mirror those for which the trader qualified in their test. Should the trader wish to upgrade to a higher-grade account, they will need to undergo the test again from the outset to attain the desired account balance.
Profit Split
TickTickTrader offers a profit split arrangement where traders typically retain a significant portion of the profits. For all Accounts, traders keep 100% of profits for the first three months, shifting to a 90% retention rate thereafter. The exact profit split may vary, incentivizing successful trading.
TTTDirect Accounts
TickTickTrader’s Direct Accounts provide a pathway for traders to directly access trading capital without undergoing an evaluation phase. These accounts offer various capital levels and trading conditions, with traders initially retaining 100% of profits for the first three months, after which the profit retention rate adjusts to 90%. This setup is designed to attract and reward skilled traders who are confident in their trading strategies and can manage the capital effectively from the outset.
Payout and Withdrawals
TickTickTrader allows traders to request payouts monthly. After reaching the minimum profit threshold and adhering to any account-specific conditions, traders can initiate a withdrawal request. The processing time for these requests and the actual transfer of funds may vary depending on the chosen withdrawal method and any internal verification processes.
Withdrawal Method
TickTickTrader offers various withdrawal methods to accommodate traders’ preferences, ensuring a seamless process to access their funds. Traders can request withdrawals via ACH/Wire Transfer, PayPal, or several cryptocurrencies, providing flexibility in how they receive their payouts
Account Conditions
Our team meticulously review the broker’s range of account preferences, along with the applicable platforms, instruments, and trading costs. Additionally, we pay close attention to leverage levels and trading conditions offered, as certain brokers may impose restrictions on strategies and disallow specific practices in funded accounts. Breaching these conditions could lead to account loss, necessitating a retest to regain access. For a detailed breakdown, please see below:
Trading Instruments
TickTickTrader allows traders to engage in futures trading across various markets including CBOT, NYMEX, CME, and COMEX. They offer a broad spectrum of trading instruments such as micro futures, equity futures, currency futures, interest rate futures, agricultural futures, energy futures, and metal futures, including popular options like the Micro E-Mini S&P 500, Crude Oil, Gold, and more. Traders have a wide range of choices to diversify their trading strategies
TickTickTrader Commission
TickTickTrader charges a commission of $0.6 per side or $1.20 per round trip for trading micro contracts. For mini contracts, the commission is $5 per round trip. These fees are considered when determining your daily drawdown, highlighting the importance of managing trades to stay within specified loss limits
Leverage
TickTickTrader does not offer leverage for its trading activities. TickTickTrader’s approach focuses on other aspects of trading, such as providing a variety of trading instruments and platforms, without the explicit use of leverage. For detailed trading conditions and features, checking TickTickTrader’s official resources is recommended.
TickTickTrader App Platform
TickTickTrader provides traders with access to several trading platforms, including NinjaTrader, Bookmap, Rithmic, and Jigsaw DayTradr. These platforms are well-regarded in the trading community for their advanced features and capabilities, such as real-time data visualization, market analysis tools, and customizable trading strategies. Traders can choose the platform that best suits their trading style and preferences.
Trading Conditions
TickTick Traders has designed a range of conditions to cater to the diverse requirements of traders participating in their funded account offerings. This structure ensures traders of all experience levels and trading styles can find a suitable match for their strategy and risk tolerance.
- TickTick Trader allows traders to implement a range of strategies within specified trading hours, with the obligation to close positions by the end of the trading day to avoid disqualification. Permitted strategies include trend following, mean reversion, scalping, swing trading, and high-frequency trading (HFT), catering to different trading styles and expertise levels. The platform supports trading in various futures and forex instruments across major exchanges, emphasizing adherence to trading schedules and market-specific rules
TickTickTrader Promotions
TickTickTrader offers a variety of promotions and TickTickTraders coupons, including TTTDirect Account Discounts, a Special Reset for March, 50% Off Standard Plans for March, and a CQG Trading Accounts Promo. These promotions are part of their ongoing effort to provide value to their users, with past promotions covering bundle deals, standard plans discounts, and special offers for account resets.
TickTickTrader Alternative Brokers
TickTickTrader offers a platform for futures traders with diverse account options catering to various trader levels and styles. It supports trading across major markets with a wide range of futures instruments, alongside providing popular trading platforms like NinjaTrader and Jigsaw DayTradr. The firm enforces trading rules to promote responsible trading, including daily loss limits and a consistency rule. Payouts are flexible, with a competitive profit split after the initial months.
While TickTickTrader specializes in futures without offering leverage or MetaTrader platforms and lacks a free trial, it’s advisable to explore alternatives if you seek a broader range of markets, leverage, or specific platform support. This approach ensures you find a prop firm that aligns better with your trading preferences and requirements.
- FTMO — Great Swing Trading Prop Firm
- The 5ers — Good for Forex Prop Trading
- E8 Funding — Best for Experienced Traders
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