In this review, we will take an in-depth look at the key features of this prop firm, explore its potential pros and cons, and provide insights to help you decide whether Trade The Pool suits your needs, whether you are an established professional or just starting your trading career.
Key Features of Trade The Pool Prop FirmÂ
- Instruments: Stocks.
- Max balance: $160,000
- Profit split: up to 70%
- Cost: from $97
- Platforms: Proprietary (Trader Evolution), and Web platform
Pros of Trade The Pool Prop Firm
Four Different Account Sizes for Different Traders
Trade The Pool has four different account sizes to meet the needs of different traders, whether it be a beginner with capital constraints or an advanced trader managing larger sums of money. Trading conditions are tailor-made for each account size, insofar as every other level greets a different leverage option, a different risk management limit, and/or a different profit-sharing structure. This enables traders of any experience to be in a position where they can find an account that fits their trading goals and the capacity of their finances.
Special Pump and Dump Functions for Erratic Trading
The Pump and Dump function is a special feature of Trade The Pool that traders use in highly volatile and unpredictable trading environments. This feature allows traders in high-risk, high-reward situations to make the most of fast-moving prices by reaching decisions and then immediately executing them. This tool fits the bill for traders who would wish to capitalize on the short-term opportunities that arise within fast-moving markets. However, such strategies do carry a load of risks.
Benefit of a 14-Day TrialÂ
Trade The Pool offers a 14-day trial that allows traders to explore the site and try out the available features without any obligation to open an account afterward. This is the very important trial period during which a trader would be able to get a feel of the platform capabilities, the trading tools, account options, and support services all from a position without pressure due to financial commitment. It is a no-risk opportunity to decide if Trade The Pool will be able to satisfy their needs and preferences when trading.
Prompt Cross-Platform Client Support
Trade The Pool is based on the motto of multitasking support, such as email, live chat, and phone. With this kind of cross-platform support, traders will be able to solve any issue or glitch in no time, no matter what device they are using. Whether it be technical assistance, inquiries about some account, or frequently asked questions about trading, Trade The Pool has a responsive support team that is always ready with solutions to make the experience smoother.
Trustpilot Rating for Positive Client Feedback
Having a 4.4 rating on Trustpilot, Trade The Pool has received great reviews from its clients. Its high rating reflects the firm’s commitment to a trouble-free platform, supportive environment, and efficient processes. The variety of features and quick customer service have led many traders to rate the company highly in the prop trading community.
Cons of Trade The Pool Prop Firm
Limited Promotion Opportunities in Funded Accounts
While Trade The Pool offers funded accounts to successful traders, it restricts the possibility of account upgrades or increased capital compared to other prop firms. Traders often struggle to exceed their initial funding due to strict performance benchmarks and promotion criteria set by the firm. This can be a flaw for traders aiming for consistent scale-up in capital allocation with respect to their performance evaluation. To anyone who wishes to scale more quickly, this may be a factor taken into consideration when selecting the firm.
Challenging Evaluations
Trade The Pool is very strict in its assessments, ensuring only the best and most responsible traders get through. This helps to keep an extremely high quality within the firm, but at times it is not easy for the traders, especially when they are new to the prop trading environment. The criteria typically include heavy profit targets, drawdown limits, and risk management rules, making the process demanding. In return, capital and a big chunk of the profits are promised to those traders who get past their evaluations.
Profit Split of 50/50 and 60/40 for Small Accounts
Trade The Pool offers the following profit split structures for smaller account sizes: 50/50 and 60/40, respectively. What this means is that traders in the company retain a bigger share of their profits with either a 50% split or a 60% split. This competitive split ensures traders receive a fair share of profits while supporting the business model. As account sizes increase, traders can negotiate better profit splits to reward their consistent performance and effective capital management. The profit split structure is designed to ensure that the trader and the firm benefit from successful trading outcomes.
Frequently Asked Questions
What Is Trade The Pool?
Trade The Pool is a stock trading firm and prop trading program for stock traders. The company behind Trade The Pool is Five Percent Online Ltd, which was founded in 2016. The Trade The Pool project has been online since 2022.
Yes. Trade The Pool is the first prop trading firm that lets traders trade real stocks and ETFs with funded accounts.
How Much Do They Charge?
Trade the Pool provides funded accounts to traders who complete the challenge with an appropriate profit. It is allowed to start the process with a trial account. Once traders secure financing, they qualify for professional buying power and, depending on the profit split agreement, profit distributions. Various options are available based on account size, allowing traders to retain a significant portion of their winnings.
What is Trade The Pool’s Partner Broker?
Trade The Pool partner brokers for funded traders are Interactive Brokers and Saxo Bank.
