TickTickTrader: Reviews And Analysis
TickTickTrader provides traders with diverse options and abundant trading opportunities through its flexible account plans and high profit-sharing. The company supports various mainstream futures trading platforms, offering traders a flexible and efficient trading environment.
TickTickTrader is a futures brokerage firm located in Bucharest, Romania, established in 2022.
Despite its relatively short history, the company has quickly gained prominence in the futures trading market due to its diverse trading products, flexible account settings, and high profit-sharing incentives.
TickTickTrader offers accounts with balances of up to $100,000 and a profit split of 90%. To obtain a funded account, traders are required to pass an evaluation process, with varying rules and profit targets based on the account size.
Key Features
TickTickTrader provides a wide range of trading tools and platforms to cater to different types of traders:
- Instruments: Includes Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rates Futures, and Metals Futures, covering major futures markets and offering traders diverse options.
- Max Account Balance: Up to $100,000, providing ample trading capital support for traders.
- Profit Split: Up to 90%, with traders receiving 100% of profits during the first three months, incentivizing new traders significantly.
- Cost: Starting from $145 per month, competitively priced compared to other futures brokerage firms in the market.
- Trading Platforms: Supports up to 25 trading platforms, including NinjaTrader, Bookmap, Daytradr, Agena Trader, Atas, Collective 2, Inside Edge, Medved Trader, Motive Wave, MultiCharts, Optimus Flow, Overcharts, Photon Trader, Quantower, Quick Screen Trading, R Investor, Scalp, Scalp Tool, Sierra Chart, Tiger Trade, Trade Navigator, TS Lab, and Volfix.net.
Pros & Cons
Pros
- End-of-Day Drawdown Calculation: Drawdowns are calculated at the end of each trading day, reducing the impact of intraday volatility on accounts.
- Initial Full Profit Split: Traders receive 100% of profits during the first three months, providing significant incentive for new traders.
- Instant Funded Accounts: Offers instant funded accounts with a 90% profit split, allowing traders to start trading immediately.
- Copy Trading Support: Traders can replicate successful trading strategies, reducing trading risks.
- Account Bundling Discounts: Offers bundles including multiple accounts, suitable for traders managing multiple accounts simultaneously.
Cons
- Minimum Withdrawal Amount: Minimum withdrawal amount is $250, which may be limiting for traders with lower capital.
- No Algorithmic Trading Allowed: Does not support algorithmic or automated trading, which may not be favorable for traders relying on automated strategies.
Account Settings and Evaluation Rules
TickTickTrader provides multiple account options to meet diverse trader needs. Different account sizes come with specific profit targets and drawdown limits, but the overall rules remain consistent:
- Minimum Trading Days: There is no minimum requirement for trading days, allowing traders to trade at their own pace.
- Challenge Duration: There is no maximum trading time limit, enabling traders to freely manage their trading schedules.
- Profit Targets, Daily Loss, and Drawdown Limits: Specific values are set depending on the account size.
TTTEvaluation Accounts
TTTEvaluation accounts are assessment accounts provided by TickTickTrader, requiring traders to pass this evaluation to obtain a funded account. Specific profit targets, maximum drawdowns, and daily loss limits for different account sizes are as follows:
| Account Type | Profit Target | Max Drawdown | Max Daily Loss |
|---|---|---|---|
| $25k (Starter Plan) | $1,500 (6%) | $1,500 (6%) | $500 (2%) |
| $50k (Advanced Plan) | $3,000 (6%) | $2,500 (5%) | $1,250 (2.5%) |
| $100k (Express Plan) | $6,000 (6%) | $3,500 (3.5%) | - |
| $100k (Professional Plan) | $6,000 (6%) | $3,500 (3.5%) | $2,500 (2.5%) |
TTTDirect Accounts
TTTDirect accounts are instant funded accounts where traders can directly obtain funded accounts without evaluation. Specific maximum drawdowns and daily loss limits for different account sizes are as follows:
| Account Type | Max Drawdown | Max Daily Loss |
|---|---|---|
| $10k (Direct Swing Plan) | $1,000 (10%) | $350 (3.5%) |
| $25k (Direct Plan) | $1,500 (6%) | $500 (2%) |
| $50k (Direct Plan) | $2,500 (5%) | $1,250 (2.5%) |
Unlike other companies that typically require a two-step evaluation process, TickTickTrader's evaluation involves a single step, providing a more convenient path to obtaining funds for traders. The Direct Plan offers instant funded accounts, enabling traders to start using funded accounts immediately.
Trading Hours
TickTickTrader strictly regulates trading hours to ensure safe and stable trading:
- Close Positions Before End of Day: All positions must be closed before the end of each trading day (5:00 PM ET). If the market for a product closes earlier, positions must be closed before that time.
- Resumption of Trading: Trading can resume at 6:00 PM ET.
- CME ClearPort Regulations: For CME ClearPort, trades must be closed between 6:00 PM ET and 6:45 PM ET.
- Weekend Position Closure: Holding positions over the weekend is not allowed, ensuring traders do not have exposure during non-trading hours.
News Trading
TickTickTrader allows trading during news releases, which is advantageous for traders who capitalize on news events. Traders need to exercise caution and employ proper risk management techniques when calculating their maximum lot sizes wisely.
TickTickTrader, with its high profit-sharing model, flexible trading rules, and diverse trading platforms, stands out as an ideal choice for futures traders. Traders can select account sizes and platforms that suit their needs, leveraging TickTickTrader's advantages to achieve their trading goals effectively.
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