Trade The Pool is the innovative prop firm that's shaking up the world of stock trading. Imagine having access to real money on a real trading account, without the constraints of the PDT rule. Whether you're into stocks, ETFs, or penny stocks, Trade The Pool offers unlimited scale and the opportunity to prove your trading skills. With a simple three-step process, you can choose your trading program, pass the evaluation phase, and get funded to trade with the firm's capital.
What is Trade The Pool?
| Aspect | Details |
|---|---|
| Company Name | Trade The Pool |
| Legal Entity | FIVE PERCENT ONLINE LTD |
| CEO | Michael Katz |
| Founded | 2016 |
| Headquarters | Enstar House, 168, Praed Street, London, United Kingdom, W2 1RH |
| Parent Company | Five Percent Online LTD (Israel) |
| Company Number (UK) | 12553363 |
| LEI Number | 894500CK24MUEFQG0E92 |
| Type of Business | Proprietary Trading Firm |
| Main Offering | Funded stock trading accounts |
| Trading Platform | Trader Evolution |
| Instruments Offered | Stocks and ETFs (12,000+) |
| Markets Covered | US Stock Exchanges |
| Contact Email | help@TradeThePool.com |
| Website | https://tradethepool.com |
| Free Trial | 14-day free trial available |
| Mobile App | Available for iOS and Android |
| Customer Support | Live chat, email, contact form, phone |
Trade The Pool is a proprietary trading firm that provides traders with funded accounts to trade stocks and ETFs. Unlike traditional prop firms that focus on futures or forex, Trade The Pool specializes in the stock market, offering traders the chance to trade with substantial capital without risking their own money.
The company operates on a challenge-based model, where traders must first prove their skills in a simulated environment before gaining access to a funded account. This approach allows Trade The Pool to identify talented traders while minimizing risk.
Platform and Trading Conditions
Trade The Pool uses a proprietary platform called Trader Evolution for all trading activities. This platform provides real-time market data from NASDAQ, NYSE, and CBOE, ensuring traders have access to accurate and up-to-date information.
Some key features of the trading conditions include:
- No Pattern Day Trader (PDT) rule restrictions
- Access to over 12,000 stocks and ETFs
- Real-time Level 1 and Level 2 market data
- Pre-market and after-hours trading are available
- Ability to hold positions overnight (with some restrictions)
The absence of PDT rule restrictions is particularly appealing for many traders, as it allows for unlimited day trades regardless of account size.
Account Types and Buying Power
Trade The Pool offers four main account types, each with different levels of buying power and profit targets.
Here's a breakdown of the options:
| Account Type | One-Time Payment | Buying Power | Profit Target | Max Loss | Daily Pause Allowance |
|---|---|---|---|---|---|
| Mini BP | $97 | $20,000 | $1,800 | $900 | $300 |
| Super BP | $300 | $80,000 | $4,200 | $2,100 | $700 |
| Extra BP | $475 | $160,000 | $7,800 | $3,900 | $1,300 |
These account types cater to a wide range of traders, from those just starting out to experienced professionals looking for significant buying power.
Trade The Pool Evaluation Process
Before gaining access to a funded account, traders must complete an evaluation phase. This phase is conducted on a simulated account with real-time market data, allowing traders to prove their skills without risking real capital.
The evaluation process typically lasts 45 days, during which traders must meet specific objectives:
- Reach the profit target (2x the max loss)
- Complete a minimum number of trades (usually 20)
- Stay within the maximum loss and daily pause allowance limits
If a trader successfully meets these objectives, they advance to a funded account where they can trade with real capital.
Trade The Pool Profit Splits and Payouts
One of the most attractive aspects of Trade The Pool is the profit-sharing model. Once traders reach the funded account stage, they can start withdrawing profits.
The profit split varies depending on the account type:
- Mini BP: 50/50
- Super BP: 60/40 (in favor of the trader)
- Extra BP: 70/30 (in favor of the trader)
- Ultimate BP: 80/20 (in favor of the trader)
This progressive profit split incentivizes traders to opt for higher account tiers, as they get to keep a larger portion of their profits.
Is Trade The Pool Legitimate?
While prop trading firms can sometimes raise eyebrows, Trade The Pool appears to be a legitimate operation. They are transparent about their terms and conditions, and the challenge model is a common approach in the prop trading industry.
However, as with any financial opportunity, it's crucial to do your own due diligence. Read the terms and conditions carefully, understand the risks involved, and only trade with capital you can afford to lose.
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What is The Minimum one-time Payment to Start?
The minimum one-time payment is $97 for the Mini BP account.
What is The Maximum Buying Power Offered?
The maximum buying power is $260,000 for the Ultimate BP account.
Is there a Pattern Day Trader (PDT) rule restriction?
No, Trade The Pool does not have PDT rule restrictions.
What is The Profit Split for Funded Accounts?
The profit split ranges from 50/50 to 80/20 in favor of the trader, depending on account type.
How Long is The Evaluation Period?
The standard evaluation period is 45 calendar days.
Is there a Minimum number of Trades required?
Yes, traders must complete a minimum of 20 trades during the evaluation.
Does Trade The Pool offer real-time Market data?
Yes, they provide free real-time market data for NASDAQ, NYSE, and CBOE.
Is there a Trading Booster program?
Yes, Trade The Pool offers free access to various trading tools and platforms for 30 days.
Is Overnight Holding allowed?
Yes, traders can hold positions overnight, though there are some restrictions for pre-market and after-hours trading.
Final Thoughts
Trade The Pool offers a unique opportunity for traders to bypass traditional limitations such as the PDT rule and limited funding. By providing access to real money trading accounts and a variety of buying power options, this prop firm empowers traders to leverage their skills and strategies in real market conditions.
The straightforward evaluation process and potential for unlimited funding make it an attractive option for both novice and experienced traders. With additional support from top trading platforms and real-time market data, Trade The Pool is positioned as a valuable partner for those looking to enhance their trading capabilities and achieve financial success in the stock market.
