Trade The Pool is a well-known prop trading firm from Israel.
But is Trade The Pool a scam?
No, it isn’t!
Our review and experience show that Trade The Pool is a safe proprietary trading firm.
Sign up with Trade The Pool now!
You can share your experiences with Trade The Pool within our comment section.
Table of Contents
Key Takeaways
- Trade The Pool is a legit prop trading firm that provides traders with real money accounts to trade stocks, ETFs, and penny stocks with a high degree of flexibility. Traders get to keep up to 70% of the profits
- Their 1-step evaluation process is simple and allows both day trading and swing trading strategies. You are also allowed to trade pre-market, after-hours, and over the weekend
- Our in-depth review of Trade The Pool covers its features, pros, and cons, and gives you all the information you need to decide whether or not it’s right for you
About Trade The Pool
Trade The Pool is a stock trading prop firm founded in 2016 by Gil Ben Hur. He is also the founder of the well-established prop firm The5ers. TTP operates under Five Percent Online LTD, a registered UK company.
| Name | Trade The Pool |
|---|---|
| Website | tradethepool.com |
| Company | FIVE PERCENT ONLINE LTD. |
| Address | HaHaroshet St 14, Ra’anana, Israel |
| CEO | Saul Lokier |
| Founder | Gil Ben Hur |
| Founded | 2016 |
| Contact | Live Chat, Mail, Contact Form |
| [email protected] | |
| Phone Number | not available |
| Starting Capital | $20,000 to $160,000 |
| Profit Share | 50% to 70% |
| Evaluation | 0 days |
| Fee | $97 to $475 |
| Payment Methods | Credit Card, Crypto, Wire Transfer |
| Instruments | Stocks |
| Platform | Trader Evolution |
| Withdrawals | twice per month |
| Languages | English |
The current CEO of TTP is Michael Katz, a seasoned trader with over 17 years of experience and leads a team of experienced traders to create a rewarding trading environment.
Trade The Pool’s reputation extends beyond their own claims. Positive reviews on Trustpilot showcase a trend of satisfied users. This is further supported by online communities where traders share success stories with this firm.
Their impressive 4.4-star rating on Trustpilot speaks volumes about the positive experiences many traders have had.
Safety and Regulation
Trade The Pool is not regulated since it operates differently from a traditional broker. They don’t invest client capital in the markets. Instead, they provide funded trading accounts using their own company funds.
Interactive Brokers is their only liquidity provider. They are not partnered with any other brokers. Even though TTP is not regulated, Its parent company, Five Percent Online Ltd, is a registered UK company and has been operating legally since 2016.
Accepted Countries
Trade The Pool generally accepts traders from all over the world. However, there are some exceptions. Due to laws and regulations, TTP cannot accept traders from certain countries.
This list includes Afghanistan, Burundi, Cuba, Iran, North Korea, and many others. Before signing up for a program, check out this list of important countries below:
- Australia: Yes, registration is possible
- Canada: Yes, registration is possible
- Ghana: Yes, registration is possible
- Hong Kong: Yes, registration is possible
- India: Yes, registration is possible
- Ireland: Yes, registration is possible
- Kenya: Yes, registration is possible
- New Zealand: Yes, registration is possible
- Nigeria: Yes, registration is possible
- Pakistan: Yes, registration is possible
- Philippines: Yes, registration is possible
- Singapore: Yes, registration is possible
- South Africa: Yes, registration is possible
- United Kingdom: Yes, registration is possible
- United States: Yes, registration is possible
Evaluation Process
You need to pass a one-phase challenge to get an account. To evaluate your trading skills, Trade The Pool (TTP) offers two paths: Day Trading and Swing Trading.
Each path has three tiers – Mini, Super, and Extra Buying Power – which differ in starting capital, profit targets, and risk parameters.
You’ll need to reach a specific profit target within a set timeframe (45 days for Day Trading, 100 days for Swing Trading) while managing your risk by staying below the daily maximum loss.
All programs require a minimum number of trades and come with limitations on daily trading activity. Choose the tier that best suits your risk tolerance and potential reward goals. Fees are lower for Swing Trading programs compared to Day Trading options.
Day Trading
The first option is suitable for day traders. Choose from Mini, Super, or Extra Buying Power, each offering a different starting capital amount. You’ll have 45 days to reach a specific profit target while managing risk with a daily drawdown limit.
Higher tiers offer bigger potential rewards but also come with greater risk. There’s a minimum trade requirement, so you’ll need to be active. Select the tier that matches your risk tolerance and profit goals.
| Starting Capital | $20,000 | $80,000 | $160,000 |
|---|---|---|---|
| Profit Target | $1,800 | $4,200 | $7,800 |
| Maximum Daily Loss | $300 | $700 | $1,300 |
| Maximum Loss | $900 | $2,100 | $3,900 |
| Minimum Trading Days | 20 | 20 | 20 |
| Fee (per Month) | $97 | $300 | $475 |
| Discount | Check now | Check now | Check now |
Swing Trading
Trade The Pool also offers three swing trading evaluation accounts with varying account sizes (starting from $3,000) and profit targets. You’ll have 100 days to reach your target while managing risk within a set maximum loss.
There’s a minimum number of trades required, and your daily trading activity is capped by a daily pause limit. Fees are lower than day trading options, and all programs come with free real-time market data. Check out the details below:
| Starting Capital | $3,000 | $12,000 | $24,000 |
|---|---|---|---|
| Profit Target | $2,700 | $6,300 | $11,700 |
| Maximum Daily Loss | $300 | $700 | $1,300 |
| Maximum Loss | $900 | $2,100 | $3,900 |
| Minimum Trading Days | 15 | 15 | 15 |
| Fee (per Month) | $110 | $330 | $490 |
| Discount | Check now | Check now | Check now |
Challenge Trading Rules
You’ll need to follow these rules to complete the challenge:
- Profit Target
- Profit Split
- Trading Period
- Minimum Trading Days
- Maximum Daily Loss
- Maximum Loss
- Maximum Position Size
- Maximum Capital Allocation and Multiple Accounts
- Trading Types
- Leverage
- Trading Style
- Trading Hours
- News Trading
- Weekend and Overnight Trading
- Expert Advisor
- Copy Trading
Profit Target
TTP offers different profit targets depending on the program you choose for both Day Trading and Swing Trading categories.
Day Trading:
- Mini Buying Power = $1,800
- Super Buying Power $4,200
- Extra Buying Power = $7,800
Swing Trading:
- Mini Buying Power = $2,700
- Super Buying Power $6,300
- Extra Buying Power = $11,700
Profit Split
Both day and swing trading programs offer a 50/50 split for Mini Buying Power. As you move to Super and Extra Buying Power, your profit share increases to 60% and 70% respectively.
Trading Period
There are separate trading periods for day trading and swing trading. Day trading programs give you 45 days, while swing trading allows for 100 days.
Minimum Trading Days
While there’s no set minimum number of days you need to trade during your evaluation, there is a minimum trade requirement.
Day traders need to complete at least 20 trades, while swing traders need 15. This ensures successful traders have enough opportunities to showcase their skills before passing the evaluation.
Maximum Daily Loss
The max daily loss is the same for both day trading and swing options but varies on the account you choose.
- Mini Buying Power = $300
- Super Buying Power $700
- Extra Buying Power = $1,300
Maximum Loss
Similar to the daily loss limit, there’s also a maximum loss limit for each program tier. These limits vary depending on the tier you choose.
- Mini Buying Power = $900
- Super Buying Power $2,100
- Extra Buying Power = $3,900
Maximum Position Size
Trade The Pool’s trading programs don’t restrict your position size. This means you can use your full buying power on each trade if you choose.
Maximum Capital Allocation and Multiple Accounts
There’s a cap on how much total capital you can manage with Trade The Pool. Once funded, you can grow your account by achieving 10% profit targets.
Each successful target unlocks an increase in your buying power (maximum capital per account) and your daily trading limit. However, the total buying power across all your accounts cannot exceed $450,000.
Speaking of accounts, there are no limits to the number of accounts that can be active simultaneously. You can open as many accounts as you please in order to trade – both in the evaluation and funded phases.
Trading Types
TTP offers two main trading paths to evaluate your skills: swing trading and day trading. Swing trading allows you to hold positions for days or weeks, aiming for profits from larger market movements.
Day trading focuses on shorter-term opportunities, typically closing out all positions before the market closes.
Leverage
This prop firm doesn’t offer any leverage. You can only trade with the capital they provide.
Trading Style
Trade The Pool lets you trade with your own strategy, but with some limitations. Our experience with the firm reveals that very short-term trades and minimal price movements are discouraged.
Pre/after-hours trading is limited to 15% of your normal buying power due to lower liquidity. Day traders must close positions 10 minutes before market close to avoid the auto-trimming feature. Other than that, you can use whatever trading strategy you want.
Trading Hours
Trade The Pool offers flexibility in your trading schedule. You can trade during regular stock market hours, from 9:30 AM to 4:00 PM Eastern Time.
For traders who prefer to execute trades outside of regular market hours, their programs also allow trading during pre-market and after-hours sessions as well.
News Trading
TTP allows news trading, but positions cannot be held overnight. This means the day before an announcement, you won’t be able to hold a position overnight. You’ll need to close out your trades before the market closes.
Weekend and Overnight Trading
This stock trading firm doesn’t allow weekend trading. You are only allowed to execute trades during regular market hours and pre/after-market sessions on weekdays. That being said, TTP allows overnight trading for their swing trading programs.
Expert Advisor
The use of EA is not allowed.
Copy Trading
Copy trading is allowed but the functionality is limited. You can only copy trades between two of your own accounts, and both accounts must be either Mini Buying Power or Super Buying Power.
You can’t copy trades to an Extra Buying Power account or have more than two accounts linked for copying.
Trading Platforms
Trade The Pool only supports their proprietary platform, Trader Evolution. After conducting experiments with it, we have found that this platform is designed with serious traders in mind.
It features advanced tools for placing orders exactly how you want, along with powerful charts to analyze markets. You can also tailor the interface to your preferences and trading style.
Trading Instruments
Since TTP is a stock trading prop firm, they only offer the option to trade stocks, ETFs and penny stocks with over 12,000 symbols to choose from.
Brokers
Trade The Pool operates differently than a traditional broker. They use their own capital to fund traders. For this, TTP relies on a liquidity provider. In this case, that provider is Interactive Brokers. This broker partner serves as the gateway that allows traders to buy and sell on the exchanges.
Other Products
TTP keeps things simple for new traders. Just like any other stock trading firm, it offers funded accounts to traders to trade with. Beyond that, Trade The Pool has a blog with valuable content and is launching a new education section soon.
Blog
Their blog section covers a variety of resources for traders to level up their trading game. You can learn the basics to get started. They also get into the mental skills that you need to succeed at trading.
And if you want in-depth trading discussions, check out their podcasts. They also have pre-market preparation content to help you. It also features interviews with successful TTP traders so that you can learn from the best.
Education
When we trialed this product, we noticed that Trade The Pool recently added a new section to their website menu called “Education.” This is a promising development, considering the team’s experience in the prop trading industry.
Prices and Challenge Fees
Trade The Pool charges a one-time fee to participate in their evaluation program. This gives you access to a simulated account with real-time data.
They offer two styles: Day Trading and Swing. Within each style, you can choose between Mini, Super, and Extra Buying Power. And the fee depends on factors like your chosen trading style and your desired buying power. See the details below:
Day Trading:
- Mini Buying Power = $97
- Super Buying Power $300
- Extra Buying Power = $475
Swing Trading:
- Mini Buying Power = $110
- Super Buying Power $330
- Extra Buying Power = $490
If you hit the daily loss but you want to go back in to catch the next big trade, you can use the reset button to bypass that daily pause. You will find the reset/bypass button at the right corner on your trading program dashboard.
- For the Mini BP, your reset will cost $25
- For the Super BP, your reset will cost $50
- For the Extra BP, your reset will cost $100
Payment Methods and Payout System
You can pay using a variety of methods, including common options like Visa, Mastercard, and bank transfers (SEPA). Once you become a funded trader by successfully completing their challenge, you’ll be able to withdraw your profits.
Trade The Pool allows withdrawals every 14 days, as long as your profit reaches at least $300. They offer multiple payout options for convenience including wire transfer, cryptocurrency, and credit cards.
Registration and KYC
You can register for Trade The Pool’s evaluation program by following these steps:
- Head over to the Trade The Pool website. On the homepage, you can see all their evaluation programs.
- Decide which trading style you prefer: Day Trading or Swing Trading. They both have their own risks and rewards.
- After you’ve decided your path, choose your buying power level. They offer Mini, Super, and Extra options, with each tier offering a different simulated account balance.
- Higher buying power comes with a higher one-time fee. Click “Start Trading”. This will redirect you to the registration page.
- On the registration page, click “Register” and fill in the required information:
- Email address
- First Name
- Last Name
- Country (select from the dropdown menu)
- Create a secure password
- Trade The Pool will send you a verification email. Check your mail for the verification link. Click the link in the email to confirm your account.
- After you’re verified, you’ll be able to add your preferred payment method to cover the one-time evaluation fee.
KYC verification is needed after you pass their evaluation phase. To complete KYC, you’ll need to provide scans or photos of valid government-issued IDs like a passport or driver’s license.
These documents should display your current residential address. Additionally, they’ll request proof of address documents like utility bills or bank statements.
After that, you’ll need to submit a clear and recent picture of yourself, preferably a selfie saved in a common format like JPEG or PDF.
Discount and Promo Code
During our review of Trade The Pool, we couldn’t find any information regarding discount codes or promotional offers. This doesn’t necessarily mean they never offer them, but they are not available right now.
Free Trial and Demo Account
If you would like to explore their trading platform before committing to a paid subscription, Trade The Pool offers a 14-day free trial for new traders.
This trial gives you full access to all the features of a paid account, including the charts and symbols you’d normally need to pay for.
This demo account functions like a real account. It allows you to practice trading with simulated funds, giving you a feel for the platform and its functionalities without risking real money.
To sign up for the free trial, head over to Trade The Pool website, sign up for free, click on the “new account” button, and select the “Demo account” option.
Mobile App
Trade The Pool offers a mobile app for both Apple and Android devices. It lets you trade stocks from anywhere in the world. This app comes equipped with various charting tools to help you analyze the market and make informed decisions.
You can also choose from different chart styles and timeframes to visualize price movements according to your preference. There are also 23 technical indicators included in the app, which can be useful for identifying trading opportunities.
Customer Service and Support
TTP has a helpful customer support team to assist you with any inquiries you might have about their platform. They offer multiple ways to reach them for your convenience.
If you prefer a real-time conversation, you can use their live chat option for quick answers. Alternatively, you can send them an email at [email protected] for a more detailed explanation of your concern.
Our investigation demonstrated that Trade The Pool is praised for its high-quality trading platform and exceptional customer service. In fact, feedback on Trustpilot reflects similar positive experiences from traders.
Taxes
Profits earned through trading on Trade The Pool are subject to taxes. You are responsible for reporting and paying these taxes yourself. Learn more in our dedicated guide about “Prop Trading Taxes“.
TTP doesn’t act as a broker and doesn’t provide tax advice. Since tax regulations can vary depending on your location, it’s wise to consult with a tax professional to ensure you’re filing correctly.
Alternatives to Trade The Pool
While TTP offers a convenient platform and helpful resources, there might be other great prop firms out there that better suit your trading style and needs. Here are some alternatives to consider:
Earn2Trade
Earn2Trade stands out for its educational resources and supportive community. They offer various account sizes alongside educational programs designed to help you develop your trading skills.
Topstep
Traders who prefer futures markets might find Topstep a more suitable option. Topstep focuses on futures trading and provides access to a broader range of futures contracts. You can explore a wider variety of futures instruments and potentially find better trading opportunities.
Apex Trader Funding
Apex Trader Funding is another prop firm worth considering, especially if you prefer flexibility in the instruments you trade. They offer challenges for a wider range of instruments, including stocks, options, futures, and even crypto.
Conclusion
So, is Trade The Pool legit? Absolutely. They’re a reputable prop firm known for their challenging evaluation programs. Anyone serious about trading should definitely consider this stock trading firm.
Their evaluation process is designed to identify skilled traders who can handle the demands of real-time trading with a funded account while following proper risk management rules. There’s something for everyone at Trade The Pool, so traders at different stages of their careers can find something that works for them.
Sign up with Trade The Pool now!
If you’re a confident stock trader with a proven track record, Trade The Pool could be the opportunity you’ve been waiting for. Sign up now and start your evaluation to see if you have what it takes to join their exclusive pool of funded traders.
Frequently Asked Questions
These are some of the most commonly asked questions about TTP.
Is Trade The Pool legit or a scam?
Trade The Pool prop firm is legit. Learn more about this stock trading firm in our “About Trade The Pool” section.
Is Trade The Pool regulated?
Trade The Pool itself isn’t a broker, so it is not regulated. You can learn more about this in the “Safety and Regulation” section.
What is Trade The Pool?
Trade The Pool is a stock trading prop firm owned by FIVE PERCENT ONLINE LTD. The “About Trade The Pool” section has more info on this.
Which broker does Trade The Pool work with?
TTP is partnered with a liquidity provider called Interactive Brokers. Find out more in the “Brokers” section.
How many Trade The Pool accounts can I have?
For both evaluation and funded phases, you can open as many accounts as you like. For more information, read the “Challenge Trading Rules” section.
Where is Trade The Pool based?
Trade The Pool is a UK-registered company with Israeli ownership. Check out the “About Trade The Pool” section for more info.
Does Trade The Pool allow the use of an Expert Advisor or Copy Trading?
No, this prop firm does not allow EA or copy trading. In the “Copy Trading” and “Expert Advisors” sections, you’ll find more details.
Is Trade The Pool legal in the US?
TTP is legal in the US. For more information, see “Accepted Countries“.
How long has Trade The Pool been around?
Trade The Pool has been around since 2016. Visit the “About Trade The Pool” section to learn more.
How much does Trade The Pool cost?
The cost ranges between $97 and $490 depending on the type of trading account (Day Trading or Swing) you choose. Click on “Prices and Challenge Fees” to find out more.
How often does Trade The Pool pay out?
TTP allows you to withdraw your profits every two weeks, but only if they’re at least $300. You can find more information under “Payment Methods and Payout System“.
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