Trade The Pool Review
Trade The Pool is a prop trading firm that offers funded trading accounts for both day traders and swing traders. The firm stands out with its range of programs offering substantial buying power, from $3,000 to $260,000. With profit splits ranging from 50/50 to 80/20, a scaling plan for account growth, and no Pattern Day Trader (PDT) rule restrictions, it caters to traders of various experience levels.
Trade The Pool Review
Summary
Trade The Pool offers a unique proposition for both day traders and swing traders. With a range of programs designed to suit different experience levels and trading styles, they’re providing traders with the opportunity to access substantial buying power without the usual constraints of personal capital limitations. Whether you’re just starting out or you’re a seasoned pro, Trade The Pool has something to offer.
One of the most appealing aspects of Trade The Pool is its commitment to trader success. They provide a suite of professional-grade tools, including the Trader Evolution platform, which comes packed with features like scalper windows, market depth, and super DOM. Plus, they throw in free access to popular trading tools like Trade Ideas and TrendSpider for most of their programs. It’s clear they’re not just giving you capital – they’re equipping you with the tools you need to succeed.
The evaluation process at Trade The Pool is designed to be challenging yet achievable. With generous trading periods of 45 days for day trading and 100 days for swing trading, you have ample time to showcase your skills and meet your profit targets. And once you’re funded, the profit splits are some of the most competitive in the industry, going up to an impressive 80/20 in favor of the trader.
What really sets Trade The Pool apart is their approach to growth. They’ve implemented a scaling plan that increases your buying power and daily risk allowance as you achieve profits. This means that as you succeed, your potential for even greater success grows with you. It’s a system that rewards skill and consistency, encouraging traders to continually improve their strategies.
We’ll break down the specific programs offered by Trade The Pool, delve into the trading conditions, and explore the features that make this platform a top choice for many traders.
Trade The Pool Review
Programs
Trade The Pool offers a variety of evaluation programs tailored to both day traders and swing traders, providing them with the opportunity to trade with significant buying power and favorable profit splits. Each program is designed to cater to different levels of experience and trading styles, ensuring that traders can find the right fit for their needs. Let’s explore the details of each program:
Day Trading Programs
Mini Buying Power
The Mini Buying Power program is the entry-level option for day traders. With a one-time fee of $97, traders gain access to $20,000 in buying power. The profit target is set at $1,800, with a maximum allowable loss of $900 and a daily pause limit of $300. This program requires a minimum of 20 trades within a 45-day trading period. The profit split is 50/50, and traders benefit from no restrictions under the Pattern Day Trader (PDT) rule. Real-time market data is provided for free, and there is an optional trading booster available. This program is ideal for beginners or those looking to test their strategies with a smaller capital commitment.
Super Buying Power
The Super Buying Power program offers a substantial increase in buying power to $80,000, with a one-time fee of $300. The profit target is $4,200, and the maximum loss allowed is $2,100, with a daily pause limit of $700. Like the Mini program, it requires a minimum of 20 trades over 45 days. Traders enjoy a 60/40 profit split, favoring the trader. This program includes free real-time market data and a complimentary trading booster. It’s suited for traders with some experience who are ready to manage larger positions and aim for higher profits.
Extra Buying Power
For more seasoned traders, the Extra Buying Power program provides $160,000 in buying power for a one-time fee of $475. The profit target is $7,800, with a maximum loss of $3,900 and a daily pause limit of $1,300. This program also requires at least 20 trades within the 45-day period. The profit split improves to 70/30, offering a more favorable return for the trader. Free real-time market data and a trading booster are included. This program is designed for traders who want to leverage significant buying power and have a proven track record of managing risk effectively.
Swing Trading Programs
Mini Buying Power
The Mini Buying Power program for swing traders starts with a one-time fee of $110, providing $3,000 in buying power. The profit target is $2,700, with a maximum loss of $900 and a daily pause limit of $300. This program requires a minimum of 15 trades over a 100-day trading period. The profit split is 50/50, and traders receive free real-time market data with an optional trading booster. This program is suited for traders who prefer holding positions over a longer period and want to start with a smaller capital base.
Super Buying Power
The Super Buying Power program for swing trading offers $12,000 in buying power for a one-time fee of $330. The profit target is $6,300, with a maximum loss of $2,100 and a daily pause limit of $700. It requires at least 15 trades within the 100-day period. The profit split is 60/40, and traders benefit from free real-time market data and a complimentary trading booster. This program is ideal for swing traders looking to increase their buying power and profit potential while managing risk effectively.
Extra Buying Power
The Extra Buying Power program is the highest tier for swing traders, providing $24,000 in buying power for a one-time fee of $490. The profit target is $11,700, with a maximum loss of $3,900 and a daily pause limit of $1,300. Traders must complete at least 15 trades over the 100-day period. The profit split is 70/30, offering a favorable return for the trader. Free real-time market data and a trading booster are included. This program is designed for experienced swing traders who want to leverage larger positions and maximize their profit potential over an extended period.
Trade The Pool Review
Conditions
Trade The Pool offers a unique set of conditions that make it an attractive choice for traders looking to leverage their strategies with substantial buying power. Here’s what you need to know about the trading conditions:
Drawdowns
Trade The Pool implements a comprehensive drawdown policy as a crucial component of its risk management strategy. Each program has a specified maximum loss limit, which is strategically set at three times the daily pause allowance, providing a clear risk boundary for traders while allowing enough flexibility to navigate market fluctuations. The drawdown limits are tiered based on the program level, ranging from $900 for the Mini Buying Power program to $6,000 for the Ultimate Buying Power program. The daily pause allowance acts as an initial safeguard, automatically pausing trading for the day if reached, while hitting the maximum loss limit at any point results in account termination. Trade The Pool also incorporates a trailing drawdown mechanism, adjusting the maximum drawdown limit as a trader’s account equity increases, and employs real-time monitoring of trader performance for swift intervention if necessary.
Payout Structure and Profit Sharing
The payout structure at Trade The Pool is designed to reward successful traders, with profit splits ranging from 50/50 to 80/20, improving as traders move up to higher-tier programs. Traders can withdraw their profits every 14 days, provided they’ve reached a minimum profit of $300. This regular payout schedule allows traders to benefit from their success while maintaining capital in their trading accounts.
Trading Periods and Market Access
Trading periods are generous, with day trading programs offering a 45-day evaluation period and swing trading programs extending to 100 days. Trading is allowed during regular market hours as well as extended hours, providing ample opportunity for traders to implement their strategies. Trade The Pool supports a wide range of trading strategies, allowing traders to go long or short on over 12,000 symbols, including stocks, ETFs, and penny stocks. Importantly, there are no Pattern Day Trader (PDT) rule restrictions, offering traders more flexibility in their trading frequency.
Scaling Plan and Growth Opportunities
One of the standout features of Trade The Pool is their scaling plan. For every 10% profit gained from the buying power, both the daily risk allowance and buying power are increased. This growth formula applies to all programs, with specific increases detailed for each tier, allowing successful traders to steadily increase their trading capacity.
Trial Period and Refund Policy
While Trade The Pool doesn’t explicitly state a refund policy for paid programs, they do offer a 14-day free trial for any evaluation program. This trial period allows potential traders to test the platform and its features before making a financial commitment.
Additional Rules and Restrictions
Trade The Pool also implements several additional rules and restrictions to ensure fair and responsible trading. These include consistency rules requiring a minimum number of trades, a ’10 cents rule’ for profitable positions, restrictions on trading during significant price movements, a ’60 seconds rule’ between buy and sell orders, minimum volume requirements, and guidelines for overnight holdings. These rules are designed to promote disciplined trading and prevent market manipulation.
Trade The Pool Review
Features
| Maximum capital | $160,000 |
| Profit split | Up to 80% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | No |
| Automated trading | Yes |
| Free trial | Yes |
| Maximum leverage | – |
Trade The Pool is designed to provide traders with the tools and support they need to succeed. Here are some of the standout features:
Trading Platforms
Trade The Pool offers access to a professional trading platform called Trader Evolution. This platform is equipped with all the essential features a trader might need, including a scalper window, market depth, super DOM, and scanners. It supports trading in over 12,000 stocks and ETFs, including penny stocks.
Additionally, traders can benefit from free access to top trading tools like Trade Ideas, TrendSpider, and Bookmap, which are available for all evaluation programs except the Mini Buying Power program.
Customer Support
Customer support at Trade The Pool is designed to be responsive and helpful. They offer guidance, support, and mentorship to traders, ensuring that any questions or issues are addressed promptly. This support is part of their commitment to helping traders succeed and grow their accounts effectively.
Knowledge Base
Trade The Pool provides a comprehensive knowledge base for traders to enhance their skills and strategies. This includes access to educational resources and tools that can help traders understand market trends and make informed decisions. The platform also offers a free 14-day trial for new users, allowing them to explore the features and resources available before committing financially.
Integration with Top-Tier Trading Tools
A standout feature of Trade The Pool is its integration with leading trading tools such as Trade Ideas and Bookmap. Trade Ideas provides AI-driven stock scanning and charting capabilities, offering real-time market scanning, customizable alerts, and advanced charting features. This integration allows traders to leverage powerful analytics and insights to enhance their trading strategies. Bookmap focuses on order book and market liquidity, giving traders a detailed view of market dynamics. Its innovative features help traders understand market depth and liquidity, essential for executing trades effectively.
Trade The Pool Review
Conclusion
Trade The Pool offers a solid platform for traders leveraging substantial buying power with flexible conditions and a range of supportive features. Its strengths lie in the variety of evaluation programs, generous profit splits, and the freedom from PDT rule restrictions, making it a great choice for both day and swing traders. The access to professional trading tools and real-time market data further enhances the trading experience. However, it’s important to be mindful of the fees associated with each program and ensure you meet the trading requirements to avoid any potential pitfalls.
Trade The Pool Review
