Introduction
In the rapidly evolving world of proprietary trading firms, it’s essential to determine the legitimacy of platforms like TickTick Trader. With numerous trading firms popping up, it’s natural to question their authenticity. In this blog, we’ll dive deep into TickTick Trader to understand if it is a scam or a trustworthy platform for traders.
What is TickTick Trader?
TickTick Trader is a proprietary trading firm that offers traders the opportunity to trade with significant capital without risking their own money. The platform provides various account options, evaluation processes, and funded trading accounts. Their goal is to identify skilled traders and provide them with the necessary capital to trade effectively.
Features of TickTick Trader
- Account Types:
- Starter: $25,000 capital
- Advanced: $50,000 capital
- Pro: $100,000 capital
- Express: Fast track to funded accounts
- Evaluation Process:
- Traders undergo an evaluation process where they must meet specific criteria to qualify for funded accounts. This includes adhering to daily loss limits, avoiding overnight positions, and following a scaling system.
- Payout Structure:
- Traders can retain 100% of their profits for the first three months. After this period, the profit split is 90:10, favoring the trader.
- Trading Platforms:
- TickTick Trader supports RTrader Pro, NinjaTrader, and Jigsaw DayTradr. Traders can select one free license key for these platforms.
Analyzing the Legitimacy
Positive Indicators:
- Transparent Evaluation Process:
- The platform provides a clear evaluation process with defined rules and criteria, ensuring traders know what to expect.
- Payout Terms:
- The payout structure is transparent, and the profit split is favorable to traders, especially in the initial months.
- Multiple Trading Platforms:
- Offering multiple trading platforms increases flexibility and shows the platform’s commitment to providing a robust trading environment.
Concerns and Considerations:
- Reset Fees:
- While the reset fee of $85 for the Starter, Advanced, and Pro accounts might seem steep, it’s a standard practice among proprietary trading firms.
- Strict Rules:
- The platform enforces strict rules regarding daily loss limits and overnight positions. While these rules are crucial for risk management, they may be challenging for some traders.
Discount Codes and Affiliate Link
To make the most of your TickTick Trader experience, here are some exclusive discount codes:
| Code | Discount | Account |
|---|---|---|
| CLEVER10 | $25 off | 10K DIRECT Account |
| CLEVER25 | $50 off | 25K DIRECT Account |
| CLEVER50 | $100 off | 50K DIRECT Account |
| CLEVERTRADING | Extra 5% off | All 25K, 50K, and 100K Pro Accounts |
Use the following affiliate link to sign up and take advantage of these discounts.
Conclusion
Is TickTick Trader a scam? Based on the transparent evaluation process, favorable payout terms, and multiple trading platforms, TickTick Trader appears to be a legitimate platform for traders. However, like any trading firm, it’s essential to understand the rules and fees associated with their accounts. By using the provided discount codes and affiliate link, you can get started with TickTick Trader at a reduced cost and explore their offerings more affordably.
If you’re considering a proprietary trading firm, TickTick Trader seems to be a credible option. Always conduct thorough research and understand the terms and conditions before committing to any trading platform.
