Overview

Trade The Pool is a well-known and highly reputed stock trading prop firm. Developed by Five Percent Online Ltd, the company that operates The5ers.com, in 2016. The5ers’ team of experienced senior active traders, who have gone through the trader experience themselves, has specialized in the field of funding traders for years. This has given them the insight to create the most rewarding trading environment possible. Making them the most innovative company in the online prop trading industry. TTP demonstrates the same leadership and innovative attitude in developing the funding program. Emphasizing the importance of creating a mutually advantageous relationship with its partner traders. We will learn more about the platform in this Trade the Pool review.

READ: The 5%ers Review

Trade the Pool Review | How to Get Funded?

  • Choose Your Trading Program – In order to trade the funding firm’s capital, Trade the Pool must verify that your trading skills and strategies are compatible with their program.
  • Pass the Evaluation Phase – Accomplish clear and straightforward objectives to progress to the next tier of your sponsored trader program.
  • Get Funded – You will continue to trade with the same trading conditions, but now you will be able to withdraw your earnings.

How to Pass the Evaluation Phase?

In order to be considered for funding, you must adhere to the following guidelines for the evaluation process:

  • Achieve a goal of 2 times the maximum daily drawdown.
  • You should not risk more than 30% of your daily loss on any single trade, and you should make at least 30 trades.
  • Do not go beyond the maximum drawdown.
  • Execute trades over a 45-day period.

In conclusion, the evaluation process is a reasonable challenge that is not meant to be difficult. Nevertheless, here are a few tips that could help you succeed:

  • Strive for consistent results rather than relying on chance with a single successful trade.
  • Dive deep into premarket preparation.
  • Utilize the Prop Trading Space to gain valuable insights into trading.

Trading Instruments

Trade the Pool allows you to trade stock CFDs and ETF CFDs. The Fund’s Official Representative must specifically authorize any other trading of securities than stock and ETF CFDs. The Program may terminate if any other securities are traded.

TTP is the perfect choice for stock trading. Offering an extensive range of more than 12,000 stocks, penny stocks, CFDs, and ETFs. This respected firm provides prop traders with an up-to-the-minute data feed direct from the NYSE and CBOE. You can always benefit from the most accurate bid and ask prices.

Trade the Pool Review | Account Types

Trade The Pool offers four different account sizes to fit different trading requirements. These range from the Mini Buying Power to the Ultimate Buying Power and each has its own requirements and benefits. One of the standout features of these accounts is the flexible profit sharing they offer, starting from a 50/50 split and going up to a more advantageous 80/20 split for the larger accounts.

Account Options and Pricing

1. Mini Buying Power: This account is perfect for beginner traders who want to start small. For just $97, you can access a buying power of up to $20,000. The profit split in this tier is designed to help you grow in a steady and balanced way.

2. Super Buying Power: For intermediate traders looking to expand their portfolios, this account offers $80,000 in buying power for a fee of $300.

3. Extra Buying Power: The Extra Buying Power account allows more experienced traders to increase their buying power to $160,000 with just a $475 investment. This account is perfect for those looking to make more substantial investments and execute more complex trading strategies.

4. Ultimate Buying Power: The Ultimate Buying Power account offers experienced and determined traders a massive $260,000 in buying power for only $1240. With this account, traders have access to a higher profit-share ratio, indicating the amount of investment and potential rewards.

Trade The Pool provides a range of account sizes to meet the needs of traders of all experience levels; from novices just starting out to experienced professionals looking for a higher degree of leverage. No matter which account size they choose, all traders benefit from Trade The Pool’s thoughtful guidance and support.

Program Terms

The Program grants the Trader a Level 1 funded account. They must demonstrate a successful trading performance.

To qualify for funding as a trader, the following must be met:

  • Achieve the desired program profitability
  • Execute a minimum of 30 trades. (open and close position = 1 trade)

If the two objectives are achieved, Michael Katz, the CEO or a senior trader from TTP’s team, will arrange an interview. Trade The Pool fund authorizes a funded Trader to trade using its capital as a non-employee third-party contractor.

Trade the Pool Review | Trading Platforms

Trade The Pool has chosen Trader Evolution as its platform. They tailor this platform for professional traders, featuring all of the necessary features for a successful trading experience. From a scalper window and market depth to a super DOM and scanners, Trader Evolution has the tools to suit any trading style. It is both easy to use and powerful, making it an ideal choice for traders of all levels.

It offers trading through its platform during market hours. While they do not officially support it, there is a technical workaround allowing users to access the platform with a Windows Operating system, Mac iOS, Android, and iOS devices. Additionally, they offer MQL scripting capabilities only through their Desktop Platform Version. TTP reserves the right to switch to different suppliers and systems, as well as different technologies, at any point in time.

Trade-Ideas / TrendSpider / BookMap:

If you join the Trade The Pool program (excluding Mini BP), you will receive a free 30-day subscription to Trade-Ideas, TrendSpider, or BookMap. Please note that after you are funded, you will need to pay for any of these platforms if you wish to continue using them.

Tradersync / Stock Traders Daily / Tradervue:

All three services – Tradersync, Stock Traders Daily, and Tradervue – are offering all new participants of the Trade The Pool program (including Mini BP) a FREE 30-day subscription, thanks to their partnership.

Trade the Pool Review | Features

1. Reset/Bypass Option

Trade The Pool recognizes the significance of timing in trading and has included the Reset/Bypass button to address this requirement. When a trader surpasses the daily loss cap but notices an upcoming opportunity, this button enables them to bypass the daily pause, enabling them to get back to trading quickly.

The button can be found in the upper right-hand corner of the trading program’s dashboard and comes with different costs associated with different account sizes.

  • The Mini Buying Power (BP) – $25
  • Super Buying Power (BP) – $50
  • Extra Buying Power (BP) – $100
  • Ultimate Buying Power (BP) – $250

The flexibility of this feature allows traders at Trade the Pool to stay reactive to fluctuations in the market.

2. Pump and Dump

Trade The Pool (TTP) has created two distinct functions, Pump and Dump. It is to help shift a trader’s daily loss allowance depending on their results. These features are designed to reward consistent performance and minimize sustained risk.

Pump

If a trader experiences five consecutive days of profits that total at least three times their initial daily loss allowance, a Pump is triggered. This allows for increased risk and potential profit by increasing the daily loss and maximum exposure by a percentage based on the chosen program.

Example:

  • Daily loss = $700
  • 1st-day profit of $300
  • 2nd-day profit of $400
  • 3rd-day profit of $500
  • 4th-day profit of $400
  • 5th-day profit of $500
  • Total of = $2100 (3 times the initial daily loss)
  • The daily loss allowance will be increased to $735 automatically.

Dump

If a Pump has happened first, a Dump would refer to a decrease in the daily loss allowance. This decrease in allowance only happens if a trader experiences five consecutive losing days with losses amounting to at least twice their initial daily loss. In such a case, the daily loss allowance would be reduced by one step.

Example:

  • Daily loss = $700
  • Risk Pump to $735 (5% increase)

Following a period of losses:

  • 1st day loss of $200
  • 2nd day loss of $300
  • 3rd day loss of $400
  • 4th day loss of $200
  • 5th day loss of $300
  • Total of = $1400 (2 times the initial daily loss)
  • The daily loss allowance is reduced by one step to a total of $700.

These features demonstrate incentives for consistent performance and a safety mechanism against prolonged risk, accurately reflecting how real traders operate.

3. 14-day Trial

Try out the platform for free for 14 days as a new user before investing your money. This provides a risk-free way to make sure that TTP is the right fit for your trading style and needs.

Customer Support

Email is the primary and official way of communicating with Traders and Trade The Pool (TTP). TTP will use this method regularly and in real-time to send communication, guidance, and feedback to its team of traders. The Trader must supply a valid and functional email address they check often. They must check their emails at least once within an hour when participating in live trading to enable timely communication and feedback from Trade the Pool. Reply to the TTP’s email messages or your account or program may be suspended or terminated.

Trade the Pool offers additional forms of communication as backups:

  • Zoom
  • in-person live chat from their website
  • in-person contact forms
  • International phone calls – US 1.331.444.0024
  • Office Hours – Sunday – Thursday (07:00 – 17:00 GMT) | Fridays (07:00 – 12:00 GMT)
  • Email: Help@TradeThePool.com

The Traders are expected to inform Trade The Pool of any alterations in email or communication details and anything else that could have an impact on their trading performance.

Trade the Pool Review | Conclusion

In conclusion, Trade The Pool is a stock trading platform that caters to traders of all levels with tools and features to help them grow and succeed. Its adaptability, innovative features, and strong reputation have earned it a positive review on Trustpilot. Backed by its partnership with Deel and responsive customer support, TTP offers a 14-day free trial and a 5% discount with an exclusive link. Sign up today and get started on your trading journey!