Prop firms have become popular among aspiring traders looking to trade with bigger capital. They offer funded accounts to qualified traders so you can earn profits without using your own money.
As you navigate the prop trading world it’s important to understand the different firms and what they offer. Each firm has different requirements, fees and profit sharing models. Research and compare different prop firms to find the one that suits your trading style and goals.
UProfit Trader Funding
UProfit Trader has a simple process for aspiring traders to get funded. The evaluation process is one stage only, you can show your trading skills under clear rules. This is unlike some other prop firms that have multiple stages.
Affordability is another big plus of UProfit’s program. Evaluation fees starts at $150, so it’s open to traders with different budget. This is more affordable than other prop firms that can be too expensive for some.
UProfit’s customer feedback is overall positive. Traders like the reasonable requirements and the ability to earn profits without too many restrictions. The customer service is also praised for being responsive and helpful.
UProfit has different account sizes to cater to different trading styles and experience levels. However, it’s worth noting that bigger accounts have higher subscription and activation fees. Some traders suggested that a single activation fee for all account sizes would be more appealing.
UProfit’s trading platforms are limited compared to some other prop firms. Also some users want instant funded accounts which is not available currently.
One area for improvement is the dashboard. Traders want to view live account data directly on the platform which would be more transparent and user friendly.
Despite these minor flaws UProfit Trader is still a good option for many aspiring funded traders. The affordability, simple evaluation and positive customer feedback makes it worth considering as you look into prop firm options.
UProfit Trader Funding Program Updates
$25K Static Drawdown Challenge
UProfit launched a new Futures program called “$25K Static Drawdown Challenge” in February 2023. This program has more flexibility with its static drawdown feature. Here are the details:
- Profit goal: $2,500 (10%)
- Daily loss cap: $1,000 (4%)
- Static drawdown: $2,000 (8%)
- E-Mini limit: 4 contracts
- E-Micro limit: 20 contracts
- Trading days: 10
Launched at $175, down from $250. UProfit offered 40% discount for purchases made on their website until end of February 2023.
$150K No-Drawdown Account
UProfit added a $150K account with no drawdown. This “Freedom Program” requires the account to be above $145K. Here are the details:
- Account size: $150K
- Profit target: $5,000
- Contract limit: 8
- Daily loss limit: $2,500
- Maximum loss: $5,000
- Trading days: 10
- Price: $350
This was available for a short time but no longer listed on UProfit’s website as of mid-February 2023. Not sure if this will be back in the future.
These program updates shows UProfit’s commitment to offer different trading opportunities. The static drawdown challenge is more stable, the no-drawdown account (when available) is for experienced traders with high capital. Both programs shows UProfit’s effort to cater to different trading styles and risk tolerance.
UProfit Trader
UProfit Trader is one of the well known funding company in the trading industry. Their program has changed a lot since 2022 with new features and updates to improve your trading experience. They provide funding and resources to traders like you to trade in different markets and strategies.
UProfit’s popularity is growing and many traders are looking for funding opportunities. Their most popular plans are for different trading styles and experience levels. You will have options to suit your needs as a trader.
They have proven to be reliable, successful traders are withdrawing big. Your experience with UProfit will be smooth with their user friendly interface and structured system.
UProfit Trading Options
UProfit has different account tiers to suit different trading needs. 9K plan is for beginners, up to 5 contracts per position. You can target $900 profit with $800 drawdown. Daily loss is $350. You need to trade for at least 10 days to qualify.
$89 Monthly
UProfit 50K Plan
You can get UProfit 50K plan for $89 monthly. This plan is very good value with $2,500 profit target and $2,000 pro drawdown. You can trade up to 6 contracts per position. Daily loss is $1,100 and you need to trade for at least 10 days. This plan is for both new and experienced traders to grow their skills and profits.
$160 Package
You can get UProfit 200K premium program at a discounted rate. This package has big trading limits with max position of 20 contracts. Profit target is $10,000 and pro drawdown is $5,000. Daily loss is $4,000. You need to trade for at least 10 days to qualify. This is a balanced approach to make big gain while having some safeguards.
$580 Package
UProfit Relaunch Updates
UProfit has been updated, new design and new features. New website design is more clean and user friendly, easy to navigate and manage your account. You will find it easier to browse the program and access your trading dashboard.
New addition is the Basic Program for new traders to get in at an affordable price. This low cost option allows you to start trading without burning a hole in your pocket for data fees and software rentals.
For experienced traders who want more flexibility, the Premium Program is a big deal. 200K account has $5,000 Pro Drawdown and 20 contracts max. You now have more room to move in volatile market conditions, address the previous limitation of multiple account navigation.
Updates:
- New website design
- New trader dashboard
- Basic Program at an affordable price
- Premium Program with more drawdown and contracts
These are for traders of all levels, from newbies to pros.
UProfit Funded Trader Program Overview
New Dashboard and UI
UProfit Trader has redesigned the platform with a clean and user friendly design. You can now navigate easily, access everything with one click. The new homepage is simple and straightforward, direct you to what you need.
Funding Options for All Traders
UProfit has programs for all trading styles and capital:
- 9K Basic Program: For newbies, $54 with current promo.
- 50K Program: Most popular, $2,000 drawdown and $2,500 profit target for under $100.
- 200K Program: Best end of day drawdown for bigger traders.
- 100K Program: Less competitive with 2:1 profit target to drawdown ratio.
You can combine these accounts to create your own trading portfolio.
New Account Management Tools
New trader dashboard gives you more insights into your trading performance:
- Progress reports showing profit and drawdown status
- Trade breakdowns
- Daily summary with instrument specific data
- Easy access to support channels
This will allow you to monitor your accounts better and make informed decisions.
Pro Drawdown Calculation Method
UProfit Pro Drawdown is calculated at the end of each trading day, for both evaluation and live accounts. Here’s how:
- Updates when your account balance reaches a new high at day’s end
- Only considers realized gains at daily close
- Ignores intraday fluctuations and unrealized profits
Pro Drawdown Mechanics
Here’s an example of how Pro Drawdown works:
- Day 1: $100,000 balance at close, Pro Drawdown set at $97,000
- Day 2: $98,000 balance at close, Pro Drawdown remains $97,000
- Day 3: No trading, $98,000 balance, Pro Drawdown stays at $97,000
- Day 4: $100,000 balance at close, Pro Drawdown still $97,000
- Day 5: $104,000 balance at close, Pro Drawdown increases to $100,000
This gives you a safety net while allowing daily trading.
Unrealized Profits Excluded
Pro Drawdown only considers your account balance at the end of each trading day. It does not include:
- Unrealized profits from open trades
- Intraday balance movements
This will give you a clear and consistent way to measure your account performance over time.
What happens if I breach Pro Drawdown
If your account balance goes below Pro Drawdown at any time during the trading day, your account will be closed. You must keep your balance above this threshold throughout the trading day to keep your account active.
Remember, UProfit Pro Drawdown is designed to protect your capital while giving you plenty of room to trade. Always monitor your balance and trade responsibly to get the most out of UProfit Funded Trader Program.
Why UProfit is different from other Prop Firms
Multiple Accounts
You can open multiple evaluation accounts under one login with UProfit, up to 20 if you want. For funded accounts, you’re limited to 2 per email or login. You can use trade copiers between your accounts but remember you can’t have more than 2 funded accounts per email.
Pricing and Account Sizes
UProfit has a unique $75,000 evaluation account, most other prop firms don’t offer that. Their account sizes range from $25,000 to $100,000 so you have the flexibility to choose the right funding level for your trading style.
Trading Platforms
When you join UProfit you’ll connect via Rithmic. While their Rithmic Pro software is available, you also get free access to NinjaTrader, a popular platform among traders. You can even use your preferred software like Jigsaw Daytrader by connecting it to Rithmic.
Evaluation Process
UProfit’s evaluation is simple:
- One step process
- 10 day trading period
- Profit goal
- Trailing stop loss at initial balance
- Drawdown calculated nightly, not between trades
This gives you more flexibility and less stress during the evaluation phase.
Funded Account Rules
Once funded you’ll follow the same rules as the evaluation. UProfit uses a unique profit split system:
- 50/50 split for withdrawals in the first 40 days
- 80/20 split after 40 days
This encourages you to build your account balance before making large withdrawals.
Account Fees
UProfit charges one-time assignment fees instead of monthly data feed costs:
- $25,000 account: $150
- $50,000 account: $150
- $75,000 account: $165
- $100,000 account: $250
While these fees might seem high at first, they’re often more cost effective than monthly data charges from other firms.
Withdrawal Options
UProfit has fast and multiple withdrawal options:
- 1 day processing for most withdrawal requests
- ACH, wire, crypto (USDT, USDC), PayPal, Visa/Mastercard
UProfit advantages
- 10 day evaluation period
- End of day drawdown updates
- Immediate profit withdrawals from funded accounts
- Fast support
- Multiple funded accounts allowed
- Trade copier usage permitted
UProfit disadvantages
- Limited to 2 funded accounts per login
- No educational resources
- One time assignment fees for funded accounts
- Fewer account size options than some other firms
Special Offers
UProfit runs promotions with big discounts sometimes up to 40%. Their 10 day evaluation period is shorter than most. Once funded you only pay one fee with no recurring charges. The 1 day withdrawal processing is a big plus for cash flow management.
UProfit Trader Funding Review Summary
UProfit Trader Funding is a good option for futures traders looking for capital. One step verification process in 10 days and up to $100,000 in trading funds. That’s a big difference from most other firms.
UProfit features:
- 3 trading platforms
- Simple rules
- Low monthly fees
These are why UProfit is popular among traders. They have a strong Trustpilot presence with over 3,640 reviews.
UProfit compares well to other prop trading firms. Many traders like their terms and conditions so it’s a top choice in the industry.
Remember while UProfit is a good opportunity, trading always involves risk. Before joining any funded trading program consider:
- Do your research
- Read the terms
- Know your risk tolerance
- Get professional advice
Remember past performance is not a guarantee of future results. As you check out UProfit and other funded programs keep a balanced view of the rewards and risks.
UProfit’s funding, simple platforms and good user reviews make it a good option in the prop trading space. As you evaluate your options think how UProfit’s features fit your trading goals and experience.