When we talk of good prop firms, we cannot forget names like FTMO, The 5ers, and funding pips. All these prop firms offer some of the best services in the trading industry.
However, there is a major drawback. These prop firms don’t operate in the US. The solution for US traders is Trade the Pool. This firm is among the best in the business. Unlike the others, it supports US accounts and allows traders to trade over 12000 US stocks without any limitation.
Trade the Pool
Trade the Pool has solved most of the problems related to trading. Unlike other trading platforms, Trade the Pool supports US accounts, which means US-based traders can take advantage of all its amazing features.
The biggest advantage of this firm is that it involves risk-free trading. To trade with this firm, you will not need any personal funds. You get a high-profit split as high as 80%. The traders have several evaluation programs; thus, they can choose between them to qualify for funding.
Trade the Pool
MAIN FEATURES
Below are the main features of Trade the Pool.
FUNDING PROGRAMS
Trade The Pool has various account types to suit each trading style and every capital need. Here are the types of accounts that they are offering:
Mini Buying Power Account: This program gives you access to $20,000 for a one-time fee of $97. The profit target is $1350, and the maximum allowed loss is $900. The program allows you a 45-day trading period. Its profit split is 50%.
Super Buying Power Account: This program gives you access to $80,000 for a one-time fee of $300. The profit target is $4200, and the maximum allowed loss is $2100. The program allows you a 45-day trading period. Its profit split is 60%
Extra Buying Power Account: This program gives you access to $160,000 for a one-time fee of $475. The profit target is $7800, and the maximum allowed loss is $3900. The program allows you a 45-day trading period. Its profit split is 70%
Trade the Pool Account Types
EVALUATION PROCESS
For traders to access these funded accounts, they must undergo a single-phase evaluation process. This process includes the following:
- The opportunity to reach the predefined profit targets within the 45-day trading period;
- A condition to perform at least 20 trades during this period;
- Stringent drawdown limits according to each account type, ensuring the trader maintains risk management practices.
PROFITS SPLITS
The profit share model of Trade The Pool is:
Smaller accounts have a 50% profit share, while larger accounts may have an 80% split. This structure encourages the trader to progress through the assessment process and move to higher account levels. The larger the account type you acquire, the greater the profit split.
TRADING CONDITIONS
Trade The Pool provides traders with an excellent range of financial instruments, but the main focus is stocks and CFDs. You can access more than 12,000 stocks from the listing, including penny stocks and exchange-traded funds, which form one of the most extended propositions among prop firms. Furthermore, the company provides CFDs on multiple assets: Equities, ETFs, Forex, Indices, Commodities, Metals – and Cryptocurrencies (spot and future)
Traders on Trade The Pool trade on the TraderEvolution platform, which is designed to provide a great trading experience. This platform has a user-friendly interface: it has an intuitive and functional design, suitable for both novice and experienced traders. Moreover, it boasts advanced trading tools, such as scalping tools, level-2 trading information, market discovery tools, and customizable charts to support various trading styles.
Trade Evolution Platform
Trade the Pool provides its traders with several add-ons, such as Trade-Ideas, TrendSpider, and BookMap, on a trial basis for a limited time to help them build their trading strategies.
TRADING FLEXIBILITY
Trade the Pool allows its traders to hold positions overnight and through the weekend. Still, they must respect specific exposure limits at this time, including using only 10% of buying power overnight.
There is no restriction on trading around news events. This allows traders to profit from volatility.
RISK MANAGEMENT FEATURES
Risk management is an important part of trading. You must adhere to strict risk management tools to ensure a steady growth of your account. Trade The Pool acknowledges this and has applied the following risk management features:
- Trade The Pool automatically reduces traders’ exposure by five minutes before the market closes to limit risk. Assuming a trader is credited with a buying power of $80,000, the firm will reduce that account to an effective $8,000, minimizing most of the overnight risks related to market volatility.
- Trade The Pool limits every trading account to a maximum daily loss, which helps prevent extreme losses within one day. For instance, the daily loss limit can be $1,300; anything beyond this will require the traders to reset their progress.
- Trade The Pool uses Risk Management Pumps. The pumps are increased risk limits that allow more risk to be accepted based on performance history. If a trader achieves five consecutive winning days in a row, they are subject to increased daily risk. This ensures that only consistent traders are allowed to risk more.
- Traders of Trade The Pool must execute a minimum number of trades, such as 50, within 30 days. This helps ensure that only committed and capable traders move forward with each step in the evaluation phase, reducing the risk of incurring losses by an inexperienced trader.
- Trade The Pool has a Start Over button, allowing traders to reset their daily losses for a small fee. With this feature, the trader who probably had a bad day would have an avenue to start over fresh without losing all his accumulated progress in the evaluation.
EDUCATIONAL SUPPORT
Trade The Pool emphasizes trader education through professional mentorship and coaching. Its website offers a variety of educational content, such as webinars and articles, for systematic skill development.
COMMUNITY ENGAGEMENT
The company provides a community-oriented environment where traders can communicate through forum support or social networks. This will help create a friendly atmosphere for sharing strategies and experiences.
CONCLUSION
There are many prop firms with great trading features. The downside is that they don’t support US accounts apart from Trade the Pool. This is among the only firms supporting US accounts, allowing traders to trade in the US stock market. Join Trade the Pool today and experience all its trading advantages.