On this TickTick Dealer overview, I’ll look into the important elements of what to know earlier than subscribing to TickTick Dealer, a platform that has grow to be more and more distinguished on the planet of proprietary buying and selling companies. Prop buying and selling companies like TickTick Dealer have gained recognition for providing merchants the chance to handle funded accounts in change for a share of the earnings.
TickTick Dealer, particularly, has caught the eye of many within the foreign currency trading neighborhood. This platform is thought for its various choices, which embrace superior software program instruments and a streamlined analysis course of that merchants should go to qualify for a funded account.
Customers have constantly praised TickTick Dealer for its immediate payouts and wonderful customer support, contributing to its popularity as a dependable choice for these seeking to enterprise into prop buying and selling.
This overview goals to supply a complete have a look at TickTick Dealer, overlaying who they’re, what they provide, and the professionals and cons of their service. Such insights are essential for merchants contemplating this platform, serving to them decide if TickTick Dealer aligns with their particular person buying and selling wants and preferences. Maintain studying for an in depth exploration of TickTick Dealer’s options and choices.
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What To Know Earlier than Subscribing To TickTick Dealer
Earlier than deciding to subscribe to TickTick Dealer, or another futures prop buying and selling agency, there are some issues you need to know. The advantages, drawbacks, buying and selling guidelines, and pricing are all necessary concerns. However earlier than we get into these particulars, let’s be clear on precisely what TickTick Dealer is and isn’t.
What’s TickTick Dealer?
TickTick Dealer, established in February 2022 by Gerardo Tolivia Mariscal in Bucharest, Romania, represents a brand new wave on the planet of prop buying and selling companies. The platform, which dates again to 2004 in its conceptual kind, was born out of a necessity for higher transparency and ease in buying and selling practices.
The agency stands out for its distinctive method to empowering merchants. It presents futures merchants funded accounts, obtainable both by a complete analysis or direct funding, offering flexibility and catering to a variety of dealer wants. This trader-first philosophy, mixed with clear guidelines and steady help, has garnered TickTick Dealer constructive acclaim and a robust popularity inside the buying and selling neighborhood, as mirrored in its excessive Trustpilot ranking of 4.eight out of 5 from virtually 6,000 reviewers.
TickTick Dealer is greater than only a buying and selling platform; it’s a dedication to the success and monetary independence of its merchants, contributing to the expansion of your complete buying and selling ecosystem.
Advantages of TickTick Dealer
Now that I’ve lined what TickTick Dealer is and isn’t, the subsequent factor we have to know earlier than subscribing is the advantages. Here’s what TickTick Dealer brings to the desk:
- One-step Analysis: Permits merchants to shortly assess their suitability for buying and selling with a simplified analysis course of.
- No Minimal Buying and selling Days: Gives the liberty to commerce with out each day restrictions, enabling merchants to function at their very own tempo.
- Direct Funding Possibility: Provides a substitute for conventional analysis with the potential of receiving funding straight.
- Free NinjaTrader License Key: Grants entry to a premium buying and selling platform, enhancing the buying and selling expertise.
- Versatile Month-to-month Payouts: Offers merchants the choice to request earnings at any level throughout the month, including to monetary flexibility.
- Complimentary Jigsaw Daytradr & Bookmap: These instruments provide enhanced buying and selling insights, aiding in additional knowledgeable decision-making.
- Finish-of-Day Drawdown Updates: Permits merchants to evaluate their each day losses on the shut of every day, serving to handle threat extra successfully.
- Bigger Loss & Place Limits: Will increase buying and selling capability and threat tolerance, providing extra room for strategic maneuvering.
- 100% Revenue Retention: Merchants hold all their preliminary earnings, incentivizing profitable buying and selling.
- Person-Pleasant Interface: The fashionable, intuitive design of the platform improves usability and dealer engagement.
- Information Buying and selling Permitted: Gives real-time market information, updates, and insights, essential for knowledgeable buying and selling choices.
- TickTickDrawdown Characteristic: Gives correct each day evaluations of buying and selling progress, aiding in technique adjustment and enchancment.
TickTick Dealer Drawbacks
Earlier than deciding if you wish to subscribe to TickTick Dealer or not, you should contemplate a few of the negatives related to them, to ensure there aren’t any redflags. Listed below are the primary drawbacks I discovered with TickTick Dealer:
- Minimal Withdrawal Quantity: Merchants must accumulate at the very least $1,000 to make a withdrawal, which may very well be a hurdle for these seeking to entry smaller earnings.
- Restricted Buying and selling Scope: TickTick Dealer specializes completely in futures buying and selling, limiting choices for merchants focused on diversifying throughout completely different monetary devices.
- No Free Trial: The absence of a free trial means potential customers can not take a look at the platform earlier than committing financially.
- Prohibited In a single day Trades: The platform doesn’t enable merchants to carry positions in a single day, which can limit sure buying and selling methods.
- Lack of Academic Sources: Not like another platforms, TickTick Dealer doesn’t present an training middle, which may very well be a downside for brand new merchants looking for to study extra about buying and selling.
- Dependency on Third-Get together Instruments: Merchants might must depend on exterior instruments for buying and selling, which might add to the complexity of their buying and selling setup.
TickTick Dealer Account Varieties, Pricing, and Revenue Splits
As they are saying, “the satan is within the particulars”, particularly in the case of prop buying and selling companies. Like the opposite finest futures prop buying and selling companies, TickTick Dealer presents a wide range of account varieties with various guidelines and monetary concerns. I did my finest to interrupt them down in an simply digestible kind:
Account Varieties and Pricing
- Analysis Accounts: These are categorized into Starter, Superior, and Skilled tiers.
- Starter Analysis Account: Provides $25Okay capital, a $1,500 revenue goal, a most of Four positions, a $500 each day loss restrict, and a subscription price of $145 monthly.
- Superior Analysis Account: Comes with $50Okay capital, a $3,000 revenue goal, as much as 10 positions, a $1,250 each day loss restrict, and prices $160 monthly.
- Skilled Analysis Account: Gives $100Okay capital, a $6,000 revenue goal, a most of 14 positions, a $2,500 each day loss restrict, and is priced at $285 monthly.
- Categorical Plan: Designed for aggressive merchants, it presents a $6,000 revenue goal, as much as 14 contracts, a $3,500 drawdown restrict, no each day loss restrict, and prices $99 for 15 days.
- Direct Accounts: Consists of 10okay Direct Swing, 25okay Direct, and 50okay Direct, every with distinct buying and selling guidelines, pricing, loss limits, and drawdown limits.
Revenue Splitting and Payouts
For Direct Accounts:
- Revenue retention is 100% for the primary three months and 90% thereafter.
- Every account kind has a selected security threshold and minimal withdrawal quantity: $1,100 for 10Okay Direct Swing ($250 minimal withdrawal), $1,600 for 25Okay Direct ($250 minimal withdrawal), and $2,600 for 50Okay Direct ($500 minimal withdrawal).
Payout particulars:
- Merchants can request their first payout after 40 buying and selling days and reaching the account’s security threshold.
- Security thresholds differ by account: $1,600 for 25Okay Starter, $2,600 for 50Okay Superior, and $3,600 for 100Okay Professional.
- The minimal withdrawal quantity is about at $1,000, with 100% revenue retention for the primary three months, then 90% from the fourth month.
Take a look at my unique TickTick Dealer coupon code to get a wide range of reductions on sure account varieties.
Closing Ideas
All through this text, I’ve dived into varied elements of TickTick Dealer, offering insights into what to know earlier than subscribing to TickTick Dealer. The platform’s array of account choices, together with Analysis, Categorical, and Direct Accounts, caters to a variety of dealer preferences and talent ranges. Its distinctive profit-splitting preparations and versatile payout insurance policies additional improve its enchantment to futures merchants.
TickTick Dealer presents a strong and adaptable buying and selling setting, providing each new and skilled merchants the chance to interact in futures buying and selling with a supportive and clear platform. For these focused on exploring TickTick Dealer additional and figuring out if it aligns along with your buying and selling aims, Click on Right here.
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