Takeprofittrader.com Review

Based on checking the website, Takeprofittrader.com presents itself as a prop trading firm focused on futures trading, offering a streamlined path for traders to potentially get funded. However, the core operation of funding simulated accounts and paying out real money from those simulated profits raises significant ethical concerns from an Islamic perspective. The nature of simulated trading combined with real payouts, where the firm profits from challenge fees and not necessarily live trading performance, can be viewed as resembling elements of gharar excessive uncertainty or deception and potentially a form of gambling, even if indirectly. While the platform claims to use regulated brokers for live PRO+ accounts, the primary offering of simulated PRO accounts with real payouts, funded by collected test fees and tech fees, positions it in a grey area that is best avoided.

Here’s an overall review summary:

Service Offered: Futures prop trading firm, providing capital for traders after passing a simulated evaluation.
Key Feature: “Day One Payouts” from simulated PRO accounts.
Regulation: Claims to use regulated brokers Tradovate, NinjaTrader and CME approved data providers but states that NFA/CFTC do not require regulation for “futures funding firms.”
Profit Split: 80/20 for PRO accounts, 90/10 for PRO+ live accounts.
Account Type: Primarily simulated SIM PRO accounts with real money payouts. offers a PRO+ live account option.
Ethical Stance Islamic Perspective: Highly questionable due to the simulated nature of the primary “PRO” accounts from which real profits are paid, funded by challenge fees. This structure lacks transparency in the underlying financial mechanism and could be akin to indirect gambling or a scheme where the firm profits from fees rather than genuine, shared risk.
Recommendation: Not recommended due to ethical concerns.

The platform emphasizes quick payouts and a less stringent evaluation period compared to competitors, aiming to attract traders who are undercapitalized or seek to limit personal risk.

They highlight the ability to trade with their capital and limit personal losses to challenge fees.

However, the fundamental structure of simulated accounts paying real money from collected fees, rather than genuine profit-sharing from actual market gains, introduces an element of indirect financial speculation that does not align with Islamic principles of ethical finance.

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It’s crucial for individuals to engage in financial activities that are clear, transparent, and based on real economic activity, not speculative setups funded by participant fees.

For those seeking ethical and permissible ways to engage with financial markets or develop valuable skills, consider these alternatives:

Educational Resources on Halal Investing: Focus on learning about Sharia-compliant investment principles, including real estate, ethical businesses, and interest-free instruments. This builds foundational knowledge for sustainable wealth.
Financial Literacy Books: Develop a strong understanding of personal finance, budgeting, saving, and investing in genuinely productive assets. Knowledge is power, and it’s best applied in transparent, ethical ways.
Certified Financial Planner Services: Seek out professional financial advice from advisors specializing in ethical or Sharia-compliant financial planning. They can guide you toward legitimate investment opportunities.
Entrepreneurship and Skill Development Courses: Instead of speculative trading, invest in developing a valuable skill or starting a business. This creates real value, tangible products, or services, and generates income through legitimate means.
Robotics Kits for Learning: For those interested in technology and problem-solving, engaging with robotics or coding can lead to tangible skills and innovation, creating real-world value.
Woodworking Tools Set: Learn a practical trade like woodworking. This allows for creation, craftsmanship, and potentially a source of income through tangible goods, adhering to principles of honest labor and production.
Digital Art Software and Tablet: Explore creative endeavors like digital art. This can be a source of income through commissions, selling artwork, or even teaching, fostering creativity and producing valuable intellectual property.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Table of Contents

Takeprofittrader.com Review & First Look: Unpacking the “Futures Funding” Model

When you first land on Takeprofittrader.com, you’re hit with a bold claim: “We Fund Futures Traders.” The site paints a picture of a straightforward, “no nonsense” path to becoming a “PRO trader” and earning “day one withdrawable profits.” It’s designed to appeal to aspiring traders who dream of significant capital without the risk of their own funds.

They highlight a one-step evaluation process, quick withdrawals, and an attractive profit split.

The Allure of Funded Trading

The concept of funded trading is inherently appealing.

Many individuals interested in trading often face the hurdle of insufficient capital.

Prop firms like Take Profit Trader step in, offering to provide that capital if a trader can prove their ability to manage risk and generate profits. This proposition promises: Scholistico.com Review

Access to significant capital: Traders can operate with larger sums than they might personally possess.
Limited personal risk: Losses are typically capped at the initial challenge fee, not personal trading capital.
Professional environment: The promise of structured rules and risk management can appeal to those seeking discipline.

Initial Impressions of Takeprofittrader.com

The website itself is relatively clean and presents its information clearly, with sections dedicated to “How It Works,” “About Us,” and testimonials.

They even feature a “Free Playbook” and a “Knowledge Base,” which suggests a commitment to providing resources.

However, it’s crucial to look beyond the surface and delve into the specifics of their business model, especially when considering the ethical implications of financial dealings.

The bold claims and testimonials aim to build trust quickly, but a deeper dive into the fine print is always necessary.

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The Operational Model: Simulated Accounts and Real Money Payouts

Here’s where Takeprofittrader.com introduces a crucial distinction that warrants a detailed look. While they offer a “PRO+” account that routes orders to a live exchange, their primary “PRO” accounts, from which “day one withdrawable profits” are paid, are simulated SIM accounts. This isn’t immediately obvious in the main promotional headlines but is clarified within their FAQ section.

The “One Step” Evaluation Process

The “one step” evaluation process is designed to be quick, requiring traders to:

Select Your Account Size: Choose a futures account size e.g., $25k, $50k and pay a monthly subscription fee.
Prove You Can Trade: Reach a specific profit target while adhering to risk rules, typically within a 5-day trading period.
Start Earning Money: Once verified as a PRO trader, get a PRO account and start trading for “day one withdrawable profits.”

This structure focuses on a rapid transition from evaluation to profit-sharing, promising efficiency and speed.

For instance, their comparison table highlights “5 days” to a PRO account versus “Up to 60 days” for other companies, and “0 days” until first withdrawal versus “20-60 Days.”

The SIM Account Reality

The critical detail, confirmed in their FAQ: “Are PRO accounts SIM? Yes, all PRO accounts are simulated SIM.” They further explain: “While your PRO account operates in a simulated environment and the profits inside that account are simulated, once you withdraw the profits paid to you are absolutely real.” This means: Aiseo.ai Review

No real market exposure: Trades executed in PRO SIM accounts do not directly impact live financial markets.
Profits from fees: The real money paid out to traders from SIM accounts comes from a combination of collected test fees, tech fees, and shared PRO+ profits if applicable.
Firm as “counterparty” of payouts: Take Profit Trader essentially pays out from its own pool of funds, primarily generated from fees charged to participants, rather than from actual profits generated in the live market by the PRO SIM account.

Why This Matters: Ethical Implications

From an Islamic finance perspective, this model raises serious questions.

Legitimate profit in Islam comes from engaging in real economic activity, undertaking genuine risk, and dealing with tangible assets or services.

When “profits” are generated in a simulated environment and paid out from a pool largely derived from participant fees, it can resemble:

Gharar Excessive Uncertainty/Deception: The core mechanism of earning real money from simulated trading introduces ambiguity. While traders might be “proving” a skill, the financial flow doesn’t directly connect to real market gains in the PRO SIM accounts.
Indirect Gambling: If the firm’s primary source of payout funds is the collective challenge fees, and traders are essentially competing to win a share of this pool based on simulated performance, it can take on characteristics similar to a lottery or game of chance, which are forbidden. A 20.37% pass rate for their trading test from 1/1/23 – 8/31/23 also indicates a high failure rate, meaning a large proportion of participants pay fees without ever reaching the “PRO” stage, further emphasizing the fee-driven model.
Lack of Real Value Creation: True financial growth in Islam is tied to productive economic activity. This model, particularly for SIM accounts, prioritizes performance within a simulated environment for a payout, rather than direct participation in and contribution to the real economy.

In essence, while the platform states it uses regulated brokers for PRO+ accounts, the reliance on simulated PRO accounts for general payouts is a significant red flag.

It creates a system where the firm’s income, and thus the source of payouts, is heavily reliant on the inflow of challenge and subscription fees, which is ethically precarious. Macromornings.net Review

Takeprofittrader.com Fees and Pricing Structure

Understanding the fee structure is crucial for any potential participant, especially when the revenue model itself is a point of ethical concern.

Takeprofittrader.com charges monthly subscription fees for access to their evaluation accounts, which then determine the size of the simulated capital a trader aims to manage.

Subscription Model for Evaluation Accounts

The platform operates on a monthly subscription model for its evaluation phase, with the cost varying based on the simulated account size chosen:

$25k Futures Account: $150 /month
$50k Futures Account: $170 /month
$75k Futures Account: $245 /month
$100k Futures Account: $330 /month
$150k Futures Account: $360 /month

These fees are non-refundable and are paid whether a trader passes the evaluation or not. Funfactoryparties.com Review

The concept of “Risk of Loss” is highlighted by Takeprofittrader.com, stating that “your losses are limited to your associated challenge fees.” This is a significant point: the initial outlay is the recurring subscription, which becomes the maximum “loss” if the challenge is failed.

PRO Account Activation Fee

Once a trader successfully passes the evaluation and qualifies for a “PRO” account, there is a one-time $130 fee for the PRO account. This is distinct from the monthly subscription fees paid during the evaluation phase. The website emphasizes this as a one-time fee, contrasting it with what they claim are “Monthly Recurring” fees for PRO accounts from “Other Companies.”

Profit Split Structure

The profit split is a key attraction for traders.

Takeprofittrader.com offers a tiered profit-sharing model:

PRO Accounts: Traders keep 80% of the simulated profits generated in their PRO accounts.
PRO+ Accounts: For those who upgrade to the live PRO+ account, the profit split improves to 90/10, meaning the trader keeps 90% of the profits.

However, as highlighted earlier, the ethical concern here isn’t just the percentage split but the source of the “profits” paid out from the simulated PRO accounts, which is primarily derived from collected fees. Tuxedocomputers.com Review

This structure means that even if a trader is “profitable” in a simulated environment, the firm’s revenue stream for these payouts comes from the collective pool of evaluation fees, creating a potential conflict of interest and an ethical ambiguity.

Promotions and Discounts

The website prominently displays a “Get 30% Off For Life + Never Pay An Activation Fee!” offer, using the code “NOFEE30.” This aims to reduce the financial barrier for entry, making the proposition even more attractive.

While discounts can be appealing, they don’t alter the underlying ethical considerations of the business model.

It merely reduces the cost of entry into a system that may not align with sound financial principles.

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Takeprofittrader.com vs. Trading Your Own Money

Takeprofittrader.com makes a compelling case for using their platform instead of trading with one’s own capital, focusing on common challenges faced by independent traders. They highlight several advantages:

Account Setup & Technology

Claim: “All technology and account setup done by us. No more documentation and painful account setup experiences.”
Analysis: This addresses a real pain point for new traders who find broker onboarding processes cumbersome. Offloading this administrative burden can be a genuine convenience. However, it also means less direct control and transparency over the underlying setup.

Risk Management

Claim: “Lack of discipline haunts traders. Our risk management system and rules will make sure you stay disciplined during your trades.”
Analysis: This is a fair point. Many aspiring traders struggle with emotional trading and poor risk management. A prop firm’s strict rules can act as a forced discipline. However, relying on external rules rather than developing internal discipline can be a crutch. True, sustainable trading success comes from mastering self-control, not just adhering to someone else’s limits.

Capital Access

Claim: “Simply put, most traders are undercapitalized. Level the playing field by using our accounts, not your own funds.”
Analysis: This is perhaps the most significant appeal. Gaining access to substantial capital without having to risk one’s own savings is a powerful incentive. For example, aspiring traders can aim to manage a $150k simulated account for a monthly fee of $360, which would be impossible with personal funds for most. This is the core value proposition of prop firms.

Risk of Loss

Claim: “Trading your own funds can lead to severe losses, however with Take Profit Trader your losses are limited to your associated challenge fees.”
Analysis: This is a crucial differentiator. In prop trading, the maximum financial loss for the trader is typically the fee paid for the evaluation. If a trader fails the challenge, they lose the fee but not their entire personal capital. The website provides a statistic: “A failure of a test can cost, at MOST, $360, but oftentimes much less than that.” This contrasts with potentially losing “several thousand dollars” if trading one’s own account.

The Underlying Concern: Ethical Substitution

While these points offer practical advantages for traders, the ethical concerns re-emerge when considering the simulated nature of the primary PRO accounts. The benefit of “limited personal risk” is true, but the source of the payouts from these simulated accounts remains the collective pool of fees. It shifts the risk from the individual trader’s personal capital to the collective pool of fees from all participants, many of whom will fail the evaluation.

Therefore, while the operational benefits might seem attractive on the surface, the fundamental ethical framework needs careful consideration.

Is it genuinely a partnership where shared risk and real market profits are at play, or is it a system where the firm primarily profits from charging access and evaluation fees, with payouts being a distribution from that pool rather than direct market gains? From an Islamic perspective, activities that rely on a large number of participants failing to generate payouts for a smaller successful group, without genuine underlying economic activity for the majority, are problematic.

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takeprofittrader.com Testimonials and Trust Signals

The website strategically includes several testimonials and trust signals to build credibility and encourage sign-ups.

These elements are designed to showcase positive user experiences and demonstrate perceived legitimacy.

Featured Testimonials

Takeprofittrader.com presents multiple video testimonials from individuals claiming to be satisfied users. These testimonials often highlight key benefits:

Immediate Payouts: “I really like the concept of, if you perform you can have an immediate payout.” Coleman
Feeling of Being a “Real Trader”: “Your company makes me feel like I’m a real trader, like it’s a tangible dream.” Ben
Skill Development and Personal Growth: “It’s the thing I like about trading, it’s a skill that no one can take it away from you.” Rica
Professionalism and Ease of Use: “For me it’s the best platform, its really simple, the dashboard is really important to monitor your test accounts or pro accounts. Its not a scam, which is really important.” Taha, a Moroccan trader
Accessibility for Average Person: “It’s doable for the average person, and we will do it until we get it. Once you get this skill you are set for life.” Joseph

The sentiment in these testimonials is overwhelmingly positive, focusing on the convenience, quick payouts, and the sense of legitimacy the platform provides to aspiring traders.

The inclusion of a Moroccan trader, Taha, also suggests a broader appeal beyond the US market, although the blog targets the US. Quomarkets.com Review

Trustpilot Integration

The website prominently displays the Trustpilot logo and links directly to their Trustpilot page.

Trustpilot is a well-known consumer review website, and directing users there is a common tactic for building trust.

A high rating on Trustpilot can be a strong indicator of customer satisfaction.

“Founders Featured In” Section

While no specific publications are named, the website mentions “Founders Featured In:” implying media recognition or expert status.

This is a common marketing technique to convey authority and expertise. Whocanfixmycar.com Review

Without specific outlets listed, this claim remains unsubstantiated on the homepage itself.

Analysis of Trust Signals

While testimonials and external review links can provide an initial sense of trustworthiness, it’s important to approach them critically:

Authenticity vs. Representation: While testimonials may be genuine, they represent individual experiences and may not fully capture the broader reality or the underlying ethical implications of the business model. For instance, a trader might be happy with a quick payout from a simulated account, without fully grasping or caring about the source of those funds.
Confirmation Bias: Users looking for an easy entry into trading might focus on the positive aspects highlighted in testimonials and overlook potential red flags.
Trustpilot Limitations: While Trustpilot is a valuable tool, it’s not a substitute for due diligence. A company might have good customer service leading to positive reviews while still operating under a financially questionable model.
Unsubstantiated Claims: General claims like “Founders Featured In” without specific media outlets lack concrete evidence and should be noted.

In conclusion, while Takeprofittrader.com employs standard trust-building elements, these should be weighed against the deeper analysis of its operational model, particularly the reliance on simulated accounts for real payouts, which, from an Islamic ethical perspective, raises significant questions.

How to Cancel takeprofittrader.com Subscription and Free Trial

For any subscription-based service, understanding the cancellation process is vital. Themurbel.com Review

While Takeprofittrader.com encourages long-term engagement, they do provide information about managing subscriptions within their knowledge base, which is accessible via the website.

Given the ethical concerns surrounding their primary business model, knowing how to exit a subscription is paramount.

Managing Your Subscription

Based on typical online subscription models and the presence of a “Knowledge Base,” it is highly likely that managing or canceling a subscription for Takeprofittrader.com would involve:

Logging into Your Account: Most online services require users to log into their personal dashboard or account portal.
Navigating to Subscription Settings: Within the account, there’s usually a “Subscription,” “Billing,” or “Settings” section.
Initiating Cancellation: Look for an option to “Cancel Subscription,” “Manage Plan,” or similar.

The website’s FAQ or Knowledge Base would be the definitive source for precise step-by-step instructions.

They do emphasize that fees are recurring until cancelled, so active cancellation is required to avoid further charges. Altovita.com Review

Cancelling a Free Trial if applicable

While the homepage promotes a “Get 30% Off For Life + Never Pay An Activation Fee!” with a promo code, it doesn’t explicitly mention a traditional “free trial” that converts to a paid subscription after a set period.

Their model seems to be more about a discounted entry into the evaluation phase rather than a trial that automatically rolls over.

However, if any future promotion were to include a free trial:

Trial Terms: Always review the terms and conditions of a free trial. These typically state the duration of the trial and the date by which you must cancel to avoid being charged.
Cancellation Process: The cancellation process for a free trial usually mirrors that of a regular subscription, often requiring login and navigation to billing settings.
Timeliness: It’s crucial to cancel before the trial period ends to prevent automatic charges.

General Advice for Subscription Services

Regardless of the specific platform, when dealing with subscription services, especially those with recurring payments:

Read the Fine Print: Always review the terms of service, particularly sections related to billing, cancellation, and refunds.
Set Reminders: If you sign up for a trial or a service you might cancel later, set a reminder on your calendar a few days before the billing date.
Check Your Bank Statements: Regularly monitor your bank or credit card statements to ensure you are only being charged for services you intend to use.
Contact Customer Support: If you encounter any issues with cancellation, contact the company’s customer support immediately and keep records of your communication.

Given the ethical reservations about Takeprofittrader.com’s business model, it becomes even more important for individuals to understand how to manage and terminate any financial commitments made to the platform. Scottishwhiskycompetitions.com Review

Ethical Concerns and Why It’s Best Avoided

The primary ethical concern with Takeprofittrader.com, from an Islamic perspective, revolves around the business model where real money payouts are generated from simulated SIM PRO accounts and funded primarily through challenge and subscription fees paid by a large pool of participants. This structure raises red flags related to gharar excessive uncertainty/deception and resembles aspects of gambling, which are strictly prohibited in Islam.

The Problem with Simulated Profits and Real Payouts

Lack of Real Economic Activity: Islamic finance emphasizes that wealth generation should stem from real economic activity, trade, production, or legitimate services. In the case of Takeprofittrader.com’s PRO SIM accounts, the “profits” are not derived from actual market participation. They are simulated gains within the firm’s internal system.
Funding from Fees: The firm explicitly states that payouts from PRO SIM accounts “come from a combination of collected test fees, tech fees, and shared PRO+ profits when applicable.” This means that the money paid out is essentially a redistribution of money collected from other participants, particularly those who failed the evaluation.
Resemblance to Gambling/Lottery: When a large number of participants pay fees, and a smaller percentage e.g., 20.37% pass rate succeed in getting payouts from this collective pool based on simulated performance, it can take on characteristics of a game of chance where participants are competing for a share of the fees collected from other players. This is fundamentally different from legitimate profit-sharing in a mudarabah or musharakah Islamic partnership where profits come from actual, tangible investments and real market risk.
Opacity of Risk and Returns: While the firm claims to use regulated brokers for data feeds, the underlying financial risk for the firm in paying out from SIM accounts is not directly tied to market performance but rather to managing the inflow of fees against the outflow of payouts. This introduces an element of financial opacity concerning the firm’s true financial operations and sustainability, distinct from traditional brokerage or investment firms.

The Concept of Gharar

Gharar refers to excessive uncertainty, ambiguity, or deception in a contract or transaction. In the context of Takeprofittrader.com’s SIM PRO accounts:

Uncertainty of Source: The “profit” generated by the trader is simulated, but the “real money” payout comes from the firm’s coffers, which are replenished by participant fees. This disconnect creates uncertainty about the true nature of the transaction. Is it a skill-based challenge or a competition for a pool of funds?
Asymmetry of Information: The firm holds all the information about the flow of fees and the payout structure, while the participant is focused on simulated performance. This information asymmetry can lead to gharar.

Why it’s Always a Bad Outcome Ethically

Engaging in financial activities that carry elements of gharar or resemble gambling, even if indirectly, is detrimental not only from an ethical standpoint but also in terms of fostering a mindset of genuine wealth creation.

Discourages Real Effort: It can divert individuals from pursuing avenues that generate wealth through real effort, production, and legitimate risk-taking in tangible markets.
Erodes Trust: Such models, if they were to face sustainability issues, could lead to a loss of trust among participants and within the wider financial community.
Spiritual Impermissibility: For Muslims, participating in such activities carries spiritual weight. The pursuit of wealth must be in accordance with divine guidelines, ensuring fairness, transparency, and a lack of exploitation or undue speculation.

Therefore, despite the enticing promises of quick payouts and limited personal risk, the underlying structure of Takeprofittrader.com’s primary offering makes it highly questionable from an Islamic ethical perspective. Poponveneers.com Review

It is always better to err on the side of caution and pursue financial endeavors that are unequivocally clear, transparent, and grounded in real economic activity, as emphasized by Islamic teachings.

Takeprofittrader.com Alternatives for Ethical Skill Development & Wealth Building

Given the ethical concerns surrounding Takeprofittrader.com’s model of simulated trading for real payouts funded by fees, it’s crucial to explore alternative avenues for skill development, financial growth, and wealth building that align with ethical principles, especially Islamic ones.

The focus should shift from speculative, fee-dependent “funding” to tangible, value-creating activities.

1. Education in Halal Investing and Finance

Instead of simulated trading, invest in acquiring genuine knowledge about ethical financial markets. Aceable.com Review

Key Features: Learn principles of Sharia-compliant investments, avoiding interest riba, gambling maysir, and excessive uncertainty gharar. Understand real asset-backed investments, ethical businesses, and socially responsible investing.
Example Product: Halal Investing Books, Islamic Finance Courses Online
Pros: Builds foundational knowledge, promotes long-term ethical financial planning, empowers informed decision-making.
Cons: Requires dedicated study, initial learning curve, may not offer “quick” returns.
Average Price: $20-$100 for books, potentially higher for structured courses.

2. Entrepreneurship and Business Development

The most direct and rewarding path to wealth, aligned with Islamic principles, is through establishing and growing a legitimate business that offers real value products or services.

Key Features: Develop a business plan, acquire practical skills marketing, management, sales, create jobs, and contribute to the economy. Examples include e-commerce, consulting, local services, or product manufacturing.
Example Product: Entrepreneurship Books, Small Business Startup Guides
Pros: Creates real value, direct control over income, potential for significant long-term wealth, aligns perfectly with ethical principles of trade and labor.
Cons: High effort and risk, requires significant learning and adaptation, no guaranteed success.
Average Price: Varies widely, from low startup costs for service businesses to significant capital for product-based ones.

3. Vocational Skills and Craftsmanship

Invest in learning a practical skill or trade that can be monetized.

This fosters direct value creation and self-sufficiency.

Key Features: Hands-on learning in areas like carpentry, plumbing, electrical work, digital design, coding, photography, or culinary arts. Creates tangible products or services.
Example Product: Online Coding Courses, Photography Equipment Kit, Graphic Design Software
Pros: Develops marketable skills, potential for independent work or employment, directly creates value, often lower startup costs than traditional businesses.
Cons: Requires time and practice to master, market demand can fluctuate.
Average Price: $100-$1000+ for comprehensive courses or starter equipment.

4. Real Estate Investment Halal Methods

Real estate is a tangible asset that can generate legitimate income through rent or appreciation, provided the financing is Sharia-compliant e.g., through diminishing musharakah or Murabaha contracts, avoiding interest-based mortgages.

Key Features: Purchase physical property, manage tenants, generate rental income, potential for long-term capital growth.
Example Product: Real Estate Investing Books, Property Management Software
Pros: Tangible asset, passive income potential, hedge against inflation.
Cons: High capital requirement, illiquid, requires ongoing management, finding halal financing can be challenging.
Average Price: Highly variable, from thousands for down payments to millions for properties.

5. Investing in Halal Stocks and Sukuk

For those interested in public markets, focus on Sharia-compliant equities stocks of companies whose business activities and financial ratios align with Islamic principles and Sukuk Islamic bonds.

Key Features: Diversified investment, potential for capital appreciation and dividends from stocks or periodic payments from Sukuk. Screen companies for ethical practices e.g., no involvement in alcohol, gambling, interest-based finance.
Example Product: Books on Halal Stock Investing, Halal ETFs Exchange Traded Funds
Pros: Participates in real economy, diversified portfolio, relatively liquid.
Cons: Requires research and due diligence, market fluctuations, not guaranteed returns.
Average Price: Investment amounts vary.

6. Personal Financial Planning and Budgeting Tools

Before any investment, mastering personal finance basics is key.

These tools help manage income, expenses, savings, and debt responsibly.

Key Features: Budget tracking, expense categorization, financial goal setting, debt management, savings automation.
Example Product: Budgeting Planners, Financial Calculators
Pros: Builds financial discipline, reduces stress, sets a foundation for future investments, avoids wasteful spending.
Cons: Requires consistency and self-control.
Average Price: $10-$50 for planners, free for many budgeting apps.

7. Intellectual Property Creation Books, Software, Courses

Leverage knowledge and creativity to create intellectual property that can generate passive income through sales or licensing.

Key Features: Write a book, develop software, create online courses, compose non-podcastal ethical content. Focus on educational, beneficial, or artistic value that aligns with ethical guidelines.
Example Product: Book Writing Software, Online Course Creation Platform Subscriptions
Pros: Scalable income potential, leverages personal expertise, creates lasting value.
Cons: Requires significant upfront effort, marketing challenges, no guaranteed returns.
Average Price: Varies widely, from minimal for self-publishing to higher for software development.

These alternatives provide clear, ethical pathways to financial growth and skill enhancement, grounded in real economic activity and avoiding the ambiguities and concerns associated with simulated trading models.

FAQ

Is Takeprofittrader.com a legitimate company?

Based on the website, Takeprofittrader.com operates as a prop trading firm, offering simulated trading accounts with real money payouts, and a PRO+ live trading account option.

While it appears to be an operational entity, its business model for primary “PRO” accounts simulated profits, real payouts from collected fees raises significant ethical concerns.

What is the primary ethical concern with Takeprofittrader.com from an Islamic perspective?

The primary ethical concern is that real money payouts from the main “PRO” accounts are generated from simulated trading environments and primarily funded by participant challenge and subscription fees. This model introduces elements of gharar excessive uncertainty/deception and can resemble indirect gambling or a scheme where the firm profits from fees rather than genuine profit-sharing from real market gains, which is impermissible in Islam.

Are the profits from Takeprofittrader.com’s PRO accounts real?

Yes, Takeprofittrader.com states that while your PRO account operates in a simulated environment and the profits inside that account are simulated, the money you withdraw is “absolutely real.” However, these payouts come from a combination of collected test fees, tech fees, and shared PRO+ profits, not directly from the simulated trades impacting the live market.

Does Takeprofittrader.com offer live trading accounts?

Yes, Takeprofittrader.com offers a “PRO+” account which is a live trading environment.

In this environment, orders are routed to the exchange through a regulated broker Tradovate. This is distinct from their main “PRO” accounts, which are simulated.

What is the profit split offered by Takeprofittrader.com?

Takeprofittrader.com offers an 80/20 profit split for PRO accounts trader keeps 80% and a 90/10 profit split for PRO+ accounts trader keeps 90%.

How quickly can I get a payout from Takeprofittrader.com?

Takeprofittrader.com claims “day one withdrawable profits” for PRO accounts, stating there are no minimum profitable days or waiting for a “payout window.” Withdrawals can be initiated on the first day of the PRO account.

What are the fees to join Takeprofittrader.com?

Takeprofittrader.com charges monthly subscription fees for its evaluation accounts, ranging from $150/month for a $25k account to $360/month for a $150k account.

There’s also a one-time $130 activation fee for the PRO account upon successful evaluation, though this can be waived with certain promotions.

Is Takeprofittrader.com regulated?

Takeprofittrader.com states that “The National Futures Association NFA nor the CFTC require that Take Profit Trader or any futures funding firm be part of any organization.” They clarify that they “only use regulated brokers and CME approved data providers Tradovate, NinjaTrader, and Rithmic to place all trades” and that they do not internalize or manipulate orders.

What is the pass rate for Takeprofittrader.com’s trading test?

According to data provided by Takeprofittrader.com, from 1/1/23 to 8/31/23, 20.37% of their currently registered users successfully passed a trading test. This indicates a challenging evaluation process.

What happens if I fail the trading test with Takeprofittrader.com?

If you fail the trading test, your maximum financial loss is limited to the associated challenge fees your monthly subscription payments. The firm highlights this as an advantage over trading your own money, where losses could be much higher.

Can I trade multiple accounts with Takeprofittrader.com?

Yes, Takeprofittrader.com states that users can now trade up to five PRO accounts simultaneously.

What is the difference between a PRO account and a PRO+ account?

A PRO account is simulated SIM, where trades don’t go to a live exchange but profits are paid out as real money.

A PRO+ account is a live trading environment where orders are actually sent to the exchange through a regulated broker.

The profit split is also better for PRO+ 90/10 vs. 80/20 for PRO.

Does Takeprofittrader.com use a scaling plan for PRO accounts?

No, Takeprofittrader.com states that “No Scaling Plan enforced on PRO Account,” which they present as a differentiator from some other companies.

How does Takeprofittrader.com claim to be different from other prop firms?

Takeprofittrader.com emphasizes faster qualification 5 days to PRO account, immediate withdrawals 0 days minimum, no scaling plans on PRO accounts, and a one-time fee for PRO accounts instead of recurring monthly fees.

Is futures trading permissible in Islam?

Futures trading itself is a complex area in Islamic finance. While some scholars permit it under very strict conditions e.g., physical delivery, no interest, full transparency, no gambling element, the speculative nature and leverage involved often raise concerns. When combined with a prop firm model like Takeprofittrader.com’s simulated accounts, it becomes even more problematic due to the gharar and potential resemblance to indirect gambling.

Why is investing in entrepreneurship considered a better alternative?

Investing in entrepreneurship is considered a superior alternative because it involves creating real value products or services, engaging in legitimate trade, and taking genuine business risks.

This aligns directly with Islamic principles of wealth creation through honest effort and contribution to the real economy, rather than speculation or relying on fee-based systems.

What are some ethical ways to invest in financial markets?

Ethical ways to invest in financial markets include investing in Sharia-compliant stocks companies involved in permissible activities and meeting certain financial criteria, Sukuk Islamic bonds, and real estate with halal financing. These methods focus on tangible assets and genuine profit-sharing, avoiding interest, excessive uncertainty, and prohibited industries.

Does Takeprofittrader.com offer customer support?

Yes, the website claims to offer “24 hours/Day” live support.

They also have a “Knowledge Base” for self-service support.

Is there a promo code for Takeprofittrader.com?

Yes, the website prominently advertises a promo code “NOFEE30” which offers “30% Off For Life + Never Pay An Activation Fee.”

Where can I find more information about Takeprofittrader.com’s rules and terms?

More detailed information about rules, terms, and frequently asked questions can typically be found in their “Knowledge Base” linked on their website and potentially within their “Free Playbook” or terms of service documents.