If you’re a trader seeking fast and direct funding, TickTick Trader’s “Project X” might just be what you need. In this review, I’ll dive into what sets this prop firm apart, especially for those interested in straightforward, no-challenge funding options.
Company Overview and Reputation
TickTick Trader is a well-established prop firm, gaining trust within the trading community since its launch. On Trustpilot, they boast a strong rating, indicating a generally positive reputation. They became a verified company in January 2022, signaling their commitment to credibility and reliability in the prop trading world.
Introduction to Project X: Fast Track to Funded Accounts
TickTick Trader’s Project X is a unique instant-funding initiative tailored for those who prefer direct access to capital without the traditional challenge phase. Project X offers three account levels:
- $100,000 Account
- $150,000 Account
- $250,000 Account
Each account comes with flexible pricing and a limited-time 50% discount on setup fees. The $150,000 account, for example, is priced at $350 (discounted from $700), making it the best value. This discount can be activated using the provided link and coupon code, typically available in their promotions section.
Key Account Details and Trading Parameters
Project X accounts come with several attractive features for traders who value flexibility:
- Soft Breach Daily Loss Limit: If you hit the daily loss cap of $3,750, your trading is paused for the day but resumes the following day. This provides a buffer, allowing you to avoid immediate account closure.
- Max Drawdown Limit: Set at $7,500 (5% of the account balance).
- Withdraw Anytime: No minimum trading days are required, and withdrawals are capped at $3,000 per request. However, this prop firm emphasizes consistency, requiring a 20% consistency level to qualify for payouts.
Withdrawal Flexibility and Profit Sharing
TickTick Trader’s payout structure allows you to withdraw as soon as you hit the required balance, without restrictive trading windows seen at other firms. Withdrawals are processed within five business days via bank transfer or USDT (Tron Network), ensuring a speedy payout.
From the first payout, traders retain 90% of profits, while TickTick Trader keeps a 10% commission. For example, if you withdraw $3,000, you’ll receive $2,700 after the commission.
The Trading Platform and Additional Perks
TickTick Trader offers a platform specific to Project X, where traders can set automatic stop-losses, copy trades across multiple accounts, and track account progress. Notably, there are no scaling rules, allowing you to trade at full capacity from day one. This feature-rich platform is compatible with Rhythmic and Quant Tower, enabling a robust trading experience.
A Comparison with Tradeify and Other Prop Firms
Compared to competitors like Tradeify, TickTick Trader stands out for its faster payouts, clear rules, and lack of restrictive trading periods. While Tradeify might offer a slightly larger max payout with up to seven accounts, TickTick Trader’s Project X makes up for it with flexibility and lower fees, especially during their 50% discount promotion.
Tips for Project X Success
To meet the consistency requirement efficiently, aim for a moderate approach rather than attempting to hit targets in minimal time. For instance, achieving 20% consistency over five days requires careful entry points to avoid breaching limits. However, there’s no rush—taking a comfortable approach over six to seven days can improve your results.
Is TickTick Trader Right for You?
With Project X, TickTick Trader provides a strong option for traders who want flexibility and instant access to funds without dealing with strict challenge requirements. Their unique structure and fast processing times make them a competitive choice, especially with the current pricing structure.
Whether you’re considering diversifying with multiple firms or committing to a single firm, TickTick Trader’s Project X is an affordable and trader-friendly choice.
