Profitrade: Prop Firm Overview

Update: Closure of Profitrade

We inform you that Profitrade, the Prop Firm presented on this page, has recently ceased its activities, leaving many users, including ourselves, without payment or response. Like you, we have been impacted by this unexpected closure.

Before recommending Profitrade, we took care to wait until the first payments were processed and fulfilled. It was only after observing hundreds of validated and honored payments that we felt we could trust them. Furthermore, one of the founders of Profitrade was also one of the founders of TickTickTrader, a company we have been collaborating with for several years without any issues. This seemed to provide additional assurance.

Profitrade offered an interesting alternative, notably thanks to the integration of trading platforms such as VolSys and TradingView into the pricing structure. With an entry fee often at $15, corresponding to the cost of market data, this solution aimed to make trading more accessible and flexible. Following numerous requests from the community, we also implemented a discount coupon. For those hesitant to use NinjaTrader, it was therefore a more than viable alternative.

It is important to reiterate that my role, as always, is to provide insights, detailed explanations, tips, and advice on trading and Prop Firms. I dedicate my time and effort to providing clear analyses to help traders better understand the offers. However, it should be understood that I did not establish their business plan, I am not responsible for their treasury management, and I have no control over their internal decisions, hence our disclaimers.

This closure reminds us that risks with Prop Firms do exist. However, it still remains less risky than burning all your savings in a broker account.

We are closing the Profitrade page today and are focusing on other Prop Firms.

Nous clôturons aujourd’hui la page Profitrade et nous concentrons sur les autres Prop Firms.

The Benefits of Trading with Profitrade

What sets Profitrade apart from other prop firms is its flexibility. Here are the 6 key advantages of trading with Profitrade:

What Types of Accounts Can You Trade with Profitrade?

Profitrade offers three types of accounts, each with its own unique characteristics to suit all trading strategies and trader levels.

TRAIL Account (with Trailing Drawdown)

The Trailing Drawdown adjusts in real-time, following the maximum value your account reaches. With each new PNL high, your drawdown adjusts. Perfect for traders who enjoy dynamic risk management.

PRO Account (End-of-Day Drawdown)

Prefer to trade without the pressure throughout the day? The End-of-Day Drawdown only adjusts at the close of the trading day, giving you plenty of time to manage your positions calmly.

Direct Funded Account

Want to trade without going through an evaluation phase? The Direct Funded Account is for you. No challenge to complete—just direct access to a funded account.
But beware, friendly advice: this option is more suited for experienced traders. If you’re just starting out, it’s best to begin with the evaluations at the most advantageous offers.

Express Accounts at Profitrade

Profitrade offers Express accounts for traders looking for a faster and more affordable evaluation. The key feature of these accounts is that they must be completed within 15 days, making them an ideal option for traders who prefer a quick challenge.

Find out more about the financing plans offered by Profitre in our article: Which account to choose at Profitrade?

Profitrade’s Rules to Follow

Consistency Rule: 40% of Profits

This consistency rule requires that you cannot make more than 40% of your profits in a single trading day. The goal? To maintain consistent performance and prevent you from relying on just one big trade. Consistency and discipline are key.

Positions at Market Close

At Profitrade, all positions must be closed before the market close. Overnight or swing trading is not allowed. Any open positions will automatically be closed 5 minutes before the markets close.

Approved Trading Strategies

• Trading during Major Events: You can trade during economic announcements. Be cautious, as volatility can work in your favor, but be prudent.
• DCA (Dollar-Cost Averaging): Profitrade allows this strategy, where you add contracts to improve your entry price when your position goes negative.
• Validation Trades (Flipping in some cases): If you’re short of a day to qualify for a payout, you’re allowed to make a small trade (like one tick) to complete your validation days.

Prohibited Strategies

• Regular Flipping: Repeatedly making small quick trades to exploit tiny price movements is strictly prohibited.
• Hedging: You cannot take opposing positions on correlated instruments to hedge your risk (e.g., buying NQ and selling ES simultaneously).
• High-Frequency Trading (HFT): Profitrade prohibits the use of bots or algorithms for high-frequency trading.
• One-Tick Strategies: Strategies based on a single tick are not allowed.

Available Trading Platforms at Profitrade

Profitrade offers multiple trading platforms, some included in the packages, while others are available for an additional fee.

Included Platforms:

• VolSys®: A comprehensive platform with real-time market data (dx feed), ideal for volume analysis and order management.
• VolBook®: Provides a clear view of order books with real-time data, perfect for book traders.
  The bonus? You can even trade directly from your PC, smartphone, or tablet. Maximum flexibility for managing your trading sessions anytime.

Connectable Platforms (additional fees apply):

• ATAS: A powerful platform for volume profile and market profile analysis.
• Quantower: Another robust solution for futures traders with real-time data.

What Assets Can You Trade with Profitrade?

Profitrade offers a wide range of assets in the futures markets, allowing you to trade across various sectors with diversified instruments. Here’s a look at the main assets available:

• Futures Indices: E-Mini S&P 500 (ES), Nikkei (NKD), E-Mini Nasdaq-100 (NQ), Mini-Dow (YM), E-Mini Midcap 400 (EMD), Russell 2000 (RTY).
• Currency Futures: Australian Dollar (6A), British Pound (6B), Canadian Dollar (6C), Euro FX (6E), Japanese Yen (6J), Swiss Franc (6S), New Zealand Dollar (6N).
• Agricultural Futures: Corn (ZC), Wheat (ZW), Soybeans (ZS), Lean Hogs (HE), Live Cattle (LE), Feeder Cattle (GF), Soybean Meal (ZM), Soybean Oil (ZL).
• Energy Futures: Crude Oil (CL), Mini Crude Oil (QM), Natural Gas (NG), E-mini Natural Gas (QG), Heating Oil (HO), New York Harbor (RB).
• Metal Futures: Gold (GC), Silver (SI), Copper (HG), Platinum (PL), Palladium (PA), miNY Silver (QI), miNY Gold (QO).
• Micro Futures: Micro E-Mini S&P 500 (MES), Micro E-Mini Dow Jones (MYM), Micro E-Mini Nasdaq-100 (MNQ), Micro E-Mini Russell 2000 (M2K), E-Micro Gold (MGC), E-Micro AUD/USD (M6A), E-Micro EUR/USD (M6E), Micro Crude Oil (MCL).

Conclusion

And there you have it—an overview of Profitrade. If you’re looking for a prop firm that offers flexibility while providing solutions tailored to your trading style, you’re in the right place. Whether you’re a beginner or an expert, Profitrade offers varied accounts, simple rules, and powerful tools to help you start or enhance your trading journey.

The included platforms allow you to focus on trading without worrying about hidden or recurring fees. For seasoned traders, you can access a funded account without going through a lengthy evaluation. And if you enjoy variety, you’ll find a broad range of assets to trade, from indices and currencies to energy and commodities.

So, ready to jump in? It’s your move!