TickTickTrader Review 2024 - Pros, Cons and Ratings (2024)

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TickTickTrader is a prop trading firm that provides you with all of the resources in order for you to participate in challenges which can qualify you for a funded account. They have no minimum trading days to pass and include a free license to Jigsaw Daytradr and Bookmap for traders. Funded accounts go up to $100,000 with a 90% profit share.

Prop Trading Firms

TickTickTrader is a prop trading firm based in Romania. Professionals with years of experience in the futures trading sector own and run the business. The company provides financial assistance to clients so they can explore their trading possibilities without putting their own money at danger. They provide you with different platforms, the essential tools, and the data you need to enable you to achieve your goals without being confined by obstacles that ultimately lead to your failure.

About

TickTickTrader are committed to providing the highest quality service and are passionate about assisting clients in succeeding in the fast-paced and dynamic prop trading industry. They are there to support you every step of the way with a team of qualified experts and a dedication to quality.

The mission of TickTickTrader is to assist aspiring prop traders in achieving their trading goals. They are more than just a business; they are a community of like-minded people with the same vision. The company provide you with everything you need to be successful in the world of futures trading, from the most recent market insights to first-rate customer support.

As the industry’s preeminent supplier of futures trading services, they are dedicated to continuing to lead the way. With a team of professionals and a commitment to innovation, they are always looking for new methods to support their clients’ success.

History

The TickTickTrader founders have been on a journey for more than 20 years, beginning in 2004 when they first entered the trading industry. They first connected in Brussels’ trading rooms in 2012, when they started cooperating and exchanging ideas.

They joined plans at prop businesses during the following few years, where they ran into the restrictions, issues, and pitfalls that many traders experience. They made the decision to take matters into their own hands after becoming frustrated by the lack of transparency and complex, frequently aggressive restrictions enforced by various trading platforms and firms.

The creators of TickTickTrader set out to create a platform that would cater to the requirements of the next generation of futures traders with a thorough understanding of the financial markets and a passion for innovation. They committed themselves to planning and project management from March 2020 to February 2022 in order to realise their objective.

In February 2022, TickTickTrader was established with the goal of assisting traders in achieving financial independence. The platform was created with traders in mind, being basic, logical, and easy to grasp, with dependable and uncomplicated rules. The creators also underlined the value of rapid and secure payouts, as well as 24/7 support that is accessible through a variety of channels, so that traders can concentrate on what they do best: trade.

The creators of TickTickTrader didn’t stop there, either. They wanted to do things differently because they recognised that many dealers were sick of dealing with avaricious, self-serving companies and brands. To avoid exploitation and manipulation, they established TickTickTrader on a basis of caring and sharing. They are dedicated to doing everything they can to assist traders in achieving their objectives because they think that when traders succeed, everyone benefits.

You need look no further than TickTickTrader if you are a member of the new generation of futures traders seeking a company you can rely on and trust. They are there to assist you in navigating the difficult world of trading and succeeding with cutting-edge technology, open-door policy, and dedication to customer success.

The bold and ambitious goal at TickTickTrader is to mentor the next generation of futures traders. Every trader has the ability to succeed, and it is their goal to give them the resources, support, and direction they need to realise their full potential. After all, it is in their own interest that you can trade successfully as they will be getting a share of the profits.

Customers must register with the company, choose a plan for their assessment, set up their accounts, connect to trading platforms, pass evaluations, and receive funding. The process goes as follows:

• Registration: Choose a plan that meets your needs and register to get started.
• Connect Platforms: Follow the guide to hook up the necessary platforms.
• Evaluation Phase​: Show you have what it takes and put your trading strategies to the test.
• Performance Account: Pass the evaluation phase and get access to the performance account.

The company offers four different assessment programmes: Starter, Advanced, Pro, and Express. The amount of capital being offered ranges from $25K to $100K.

You can choose any evaluation programme, pay the appropriate subscription cost, abide by the regulations, and make the desired profit depending on your tastes and financial situation.

The business gives you rapid access to your desired funds after you meet the qualification requirements. You can even pass in a day if you take their express exam.

By signing up with TickTickTrader, you consent to abide by the trading guidelines while you work to realise your intended trading objectives. Your account is ineligible if you violate any of the trading policies.

The Scaling System, which restricts the number of contracts that traders can open in an effort to reduce risk, is the only variation from the standard trading rules for TickTickTrader Performance Accounts.

Payouts

You can request withdrawals at any moment using TickTick Trader. It could take up to 5 business days to process an order. A $1,000 minimum withdrawal is required. Additionally, there are minimum balance requirements that you must maintain in your account and cannot be removed.

The traders made all of the money during the first three months. No matter how much money you make, $1,000 or $100,000, it’s all yours. From the fourth month on, TickTick Trader will keep 10% (a split of 90/10). Take note that this is your pay. Before the fourth month, if you ask for a withdrawal, you’ll only get a 50/50 split. Therefore, you can earn quite a bit in the first three months, but you must wait until month four to receive your money in full.

TickTick Trader accepts withdrawals by ACH, PayPal, or cryptocurrency.

The withdrawal safety threshold reserve is the minimum amount required to remain in the Trader’s Account to continue withdrawing. The safety threshold depends on the account size:

Trading Days

You can begin trading the TickTickTrader platform as soon as the KYC checks are finished, the contract is signed, and the target is reached because there is no minimum number of trading days needed.

As long as the criteria are followed, there is no maximum number of days that must pass before your account is validated. If your balance is positive and your monthly membership is due but you haven’t met your profit goal, you can keep it and keep trading in the same account.

Trading Hours

The trading day must end with all positions closed. Account disqualification occurs if a position isn’t closed before the deadline. Within the following trading window times, all instruments must be traded:

CME Globex

CME ClearPort

News Trading

TickTickTrader do permit news trading, giving you access to the most recent information and insights to keep you in the know. You can trade during the news and hold positions throughout, which is not something all prop firms allow.

Position Size

Your chosen plan will determine the maximum position size you must follow, so familiarise yourself with the particular limit.

Drawdown

The TickTickTrader software computes drawdown at the conclusion of each day to more precisely assess your progress, assist you in better comprehending your overall performance, and help you modify your strategy to make judgements.

You can utilise your Trading Dashboard on RTrader Pro to keep track of your results. When your account balance achieves a new high at the end of the trading day, the TickTick Drawdown will be computed, taking into account only the profits realised at that time, while eliminating any unrealized profits you may have been striving for during the day.

Daily Loss Limit

The Daily Loss Limit is the maximum amount a trader can lose in a day, either on the total value of all of their assets or on just one deal. This trading rule empowers you to take ownership of your trades and teaches you how to assess risks, trade strategically and systematically, and closely adhere to the money management guidelines.

The daily loss caps on TickTickTrader are determined by the size of the trading account, ensuring realistic risk management for each trader. Each trading day, your account will be closely monitored to see whether your daily loss limit has been met or exceeded.

Compared to other trading platforms, the TickTickTrader platform offers for a bigger daily loss limit and position size, offering you more freedom and significant trading opportunities.

Your profile’s fees and commissions are all taken into consideration when determining your daily losses. In order to prevent your losses from going over this cap, it is crucial that you keep track of your assets on the trading platform.

Any open trade positions will be cancelled, and your account will be automatically deactivated, if your daily loss cap is exceeded.

Scaling System

The number of contracts that traders can open is restricted by the scaling system. Traders must exercise self-control and refrain from opening too many contracts. Although it is not required, when traders make money and build up their account balance, they may create new positions to utilise their increased cash.

Please note that they will use the balance of your current account, which will include both open and closed intraday equity. The following consequences will occur if you choose too many contracts for the size of your account:

1. The account will first receive a warning for breaking the rule and a reminder that any further violations could result in further action being taken against the account. For one (1) trading day, the account is restricted.
2. Account will be blocked for one (1) trading day as a final warning.
3. Termination of the Account: The account will be indefinitely disabled.

Please take note that these cautions are meant to serve as a reminder to always follow the rules and maintain a fair and orderly market for everybody, not as punishments.

As you advance, you must constantly be mindful of the capital that is now in your accounts and exercise the utmost caution in order to reduce your risk. Traders should set up a profit margin that exceeds the contract amount they plan to trade in order to have some wriggle room with the account.

The routes to take when increasing contracts are as follows:

25K Starter Account

50K Advanced Account

100K Pro Account

Note: 10 Micros E-Mini equals 1 E-Mini contract.

Contracts

Your account’s maximum position size or number of open contracts is established for your account in accordance with the programme you have chosen.

If your maximum position size is 14, for instance, you are only permitted to trade up to 14 contracts in any of the open markets.

Please be mindful of your chosen program’s contract limit to make sure you don’t go over it since doing so is against TickTickTrader’s trading policies.

The following number of contracts may be traded simultaneously using the TickTickTrader programmes:

Note: 1 E-Mini Contract is equivalent to 10 Micros E-Mini contracts.

Commission

To make sure that everything is fair for both traders and the business, TickTickTrader commissions are regulated. The table below shows the commission percentage:

Reset

Have you broken any rules so far? Not a problem; you can reset your account balance by paying a predetermined reset charge. After you complete the transaction, the reset will be carried out right away, and you will be notified by email.

In order for you to keep trading with your ongoing subscription, the Reset service updates the starting balance of your evaluation account. Previous results won’t be taken into account.

However, the Reset service does not change your subscription’s expiration date. Unless you manually cancel it, your subscription is automatically renewed every 30 days.

The reset cost is set at $85. Reset is only available during the evaluation phase for 25K Starter, 50K Advanced and 100K Pro accounts.

Performance Account

To access resources and tools for professional traders, you can upgrade to a TickTickTrader Performance Account. This can help you to further develop your trading abilities to rule the market.

TickTickArcade

Take your trading abilities to the next level by joining TickTickArcade’s elite trading community. They invite you to become a member of their exceptional individuals’ network, which is always expanding. At TickTickArcade, they are not only a platform; they are also a trading room where like-minded traders can exchange concepts, methods, and insights.

TickTickContest

Join in on the fun at TickTickContest and take part in thrilling trading competitions with eye-catching prize pools. Whether you’re a seasoned pro or just getting started, compare your trading abilities to those of other traders. Don’t wait to enter the contests to demonstrate your skills; everyone is welcome.

Platforms

TickTickTrader have an impressive selection of trading platforms for you to choose from, including household names such as NinjaTrader, Jigsaw Trading and Rithmic. You will find some of the most professional platforms available to retails traders that are packed with all of the powerful trading tools you need to develop complex trading strategies, regardless of your trading style. If you already have an existing license for any of the trading software listed below, you may connect them to your TickTickTrader account:

• Agena Trader
• Atas
• Bookmap
• Collective 2
• Inside Edge
• Jigsaw DayTradr
• Medved Trader
• Motive Wave
• MultiCharts
• NinjaTrader
• Optimus Flow
• Overcharts
• Photon Trader
• Quantower
• Quick Screen Trading
• R Investor
• Rithmic
• Scalp
• Scalp Tool
• Sierra Chart
• Tiger Trade
• Trade Navigator
• TS Lab
• Volfix.net

NinjaTrader

The NinjaTrader platform empowers traders through advanced technology including the custom tools and flexibility of the award-winning software. NinjaTrader’s order entry and trade management capabilities allow traders to customize their platform functionality and trading experience. Use custom apps built for NinjaTrader to personalize your trading charts and further focus your technical analysis. Use order flow, volumetric bars and market depth to confirm movement in a specific direction. NinjaTrader’s advanced charting software allows you to trade futures, stocks and more from your chart.

Jigsaw Trading

Jigsaw helps traders learn faster and trade smarter with simple, repeatable trading methods based on real-world professional Order Flow trading techniques. It is a comprehensive package of education and tools for retail and professional traders.

Rithmic

Rithmic is one of the most popular trading platforms for futures traders due to its low latency which facilitates high performance. Possibilities are endless with Rithmic as it allows you to build your own trading programs through its API, deploy them and connect them to the execution platform seamlessly.

Instruments

Futures trading is used by TickTickTrader. Participants purchase and sell commodities and futures contracts for delivery on a specific future date on this auction market.

Futures are exchange-traded derivatives contracts that guarantee the delivery of a good or asset at a price established today, regardless of when it is delivered.

In the following markets, traders are permitted to trade a variety of instruments at TickTickTrader including equity futures, micros futures, currency futures, interest rate futures, agricultural futures, energy futures and metal futures:

• CBOT
• NYMEX
• CME
• COMEX

Overall, TickTickTrader is one of the top prop trading firms for anyone who is looking to take part in a trading challenge to gain access to a funded trading account. They have a good variety of accounts and programs to choose from, with something for traders of all experience levels. You can trade futures on some of the best trading platforms with very competitive trading conditions. They could improve by adding some more individual stocks and the MetaTrader platform whilst educational content is also lacking. Otherwise, if you are ready to start trading and happy with the terms, they can be a great choice.