Introduction to TickTick Trader
TickTickTrader is a futures proprietary trading firm offering traders the opportunity to trade with funded accounts under clearly defined rules. With flexible account options, cutting-edge technology, and a focus on trader support, TickTickTrader provides a robust platform for both aspiring and professional futures traders. This article explores the key features, trading accounts, rules, and considerations to help you decide if TickTickTrader is the right choice for your trading journey.
Key Features of TickTickTrader
1. Diverse Account Options
TickTickTrader caters to various trader needs through two primary types of accounts:
- Evaluation Accounts: Traders start with a simulated account to meet profit targets while adhering to strict rules before qualifying for a funded account.
- Direct Accounts: Designed for experienced traders, these accounts allow users to bypass the evaluation phase and start trading immediately.
2. Cutting-Edge Technology
TickTickTrader integrates seamlessly with advanced trading platforms such as TradingView, Rithmic, NinjaTrader, and more. These platforms provide tools like real-time market depth, professional-grade charting, and advanced risk management capabilities to enhance the trading experience.
3. Competitive Profit Sharing
TickTickTrader offers a 90/10 profit split, allowing traders to retain 90% of their profits from day one. Withdrawals are processed efficiently, typically within five business days.
4. Flexible Payout Policies
Traders can request payouts as often as needed, provided they meet the payout threshold. The minimum withdrawal amount is $250, ensuring even smaller profits can be realized promptly.
5. Transition to Live Accounts
After successfully completing six payouts in the simulated phase, traders are eligible to transition to a live-funded account, gaining access to personalized risk management and additional perks.
Account Options and Pricing
Evaluation Accounts
Evaluation accounts test traders’ skills and adherence to rules. Here are the available options:
- $25K Starter Plan
- Max Contracts: 4
- Daily Loss Limit: $500
- Profit Target: $1,500
- Fee: $87/month
- $50K Advanced Plan
- Max Contracts: 10
- Daily Loss Limit: $1,250
- Profit Target: $3,000
- Fee: $96/month
- $100K Express Plan
- Max Contracts: 14
- No Daily Loss Limit
- Profit Target: $6,000
- Fee: $99/15 days
- $100K Professional Plan
- Max Contracts: 14
- Daily Loss Limit: $2,500
- Profit Target: $6,000
- Fee: $171/month
Direct Accounts
Direct accounts are for traders who want to skip the evaluation phase:
- $100K Core Direct
- Max Contracts: 10 e-mini (or 100 micro e-mini)
- Daily Loss Limit: $2,500
- Profit Target: None
- One-Time Fee: $629
- $150K Prime Direct
- Max Contracts: 15 e-mini (or 150 micro e-mini)
- Daily Loss Limit: $3,750
- Profit Target: None
- One-Time Fee: $699
- $250K Zenith Direct
- Max Contracts: 25 e-mini (or 250 micro e-mini)
- Daily Loss Limit: $6,250
- Profit Target: None
- One-Time Fee: $999
Trading Rules
TickTickTrader’s trading rules are designed to ensure risk management and consistency:
- Daily Loss Limits: Traders must not exceed specified daily loss limits, which vary by account type. Exceeding the limit results in account suspension until the next trading day.
- End-of-Day Drawdown: The drawdown is recalculated at the end of each trading day based on the account’s new peak balance, helping traders manage risk effectively.
- Maintain Consistency Rule: A trader’s highest daily profit (PnL) cannot exceed 20% (Direct Accounts) or 30% (Evaluation Accounts) of their total profits. This rule encourages steady performance over time.
- No Scaling Rules: Direct accounts allow full access to allocated contract limits immediately without the need to scale up gradually.
- Payout Policy: Traders can withdraw profits once they meet the payout threshold, maintaining compliance with the consistency rule. Withdrawals are processed within five business days.
Pros and Cons of TickTickTrader
Pros
- Flexible Account Options: Offers plans suitable for both beginners and experienced traders.
- Generous Profit Sharing: Traders keep 90% of their earnings.
- No Minimum Trading Days: Progression is based on performance, not time constraints.
- Advanced Technology: Integrated platforms like TradingView and Rithmic enhance the trading experience.
- Transition to Live Accounts: Successful traders can trade with real funds after six payouts.
Cons
- Consistency Requirement: Strict rules on profit consistency may delay payouts for some traders.
- High Evaluation Fees: Monthly fees can be expensive for new or underfunded traders.
- Strict Rule Enforcement: Breaching rules can result in immediate account suspension or deactivation.
Additional Considerations
1. Who Should Choose TickTickTrader?
TickTickTrader is ideal for:
- Experienced traders seeking funding and advanced tools.
- Beginners looking to improve trading discipline through the evaluation phase.
- Futures traders who value clear rules and structured pathways to success.
2. Customer Support
TickTickTrader offers 24/7 multilingual support, ensuring that traders have assistance whenever needed. This is especially helpful for resolving platform or account issues quickly.
3. Educational Opportunities
Through its TickTickArcade community and competitions like Quantum Quest, TickTickTrader fosters an environment of learning and collaboration. Traders can sharpen their skills and gain recognition.
4. Transparency and Trust
TickTickTrader emphasizes transparency in its trading rules, fees, and profit-sharing policies. Reviews on platforms like Trustpilot highlight the firm’s commitment to customer service and reliability.
Conclusion
TickTickTrader stands out as a futures prop firm with diverse account options, advanced technology, and a trader-friendly profit-sharing model. Whether you’re a beginner looking to prove your skills or a seasoned trader seeking immediate access to funding, TickTickTrader provides a structured and transparent pathway to success. However, traders should carefully consider the fees, rules, and consistency requirements before committing. For disciplined traders willing to adhere to the firm’s guidelines, TickTickTrader offers a significant opportunity to elevate their trading careers.