Uprofit Trader Review
Unlocking Opportunities in Futures Trading
Overview
UProfit Trader is a proprietary trading firm offering futures traders a supportive environment to hone their trading skills and secure funded trading accounts. Based in the United States, UProfit Trader provides a unique trading opportunity by evaluating traders on a simulated account before granting them access to a live, funded account upon successful completion. With competitive evaluation plans, rapid scaling opportunities, and trader-friendly rules, UProfit Trader has gained popularity among traders looking to make a mark in futures trading.
Key Features
Asset Class: Trade major futures markets including indices, metals, and energy.
Account Options: Offers multiple account sizes, allowing flexibility based on risk tolerance and experience.
Trailing Drawdown: Real-time trailing drawdown that stops trailing once a profit target is reached.
Daily Loss Limits: Structured loss limits prevent overtrading and protect the account’s longevity.
Customer Support: Offers accessible support through chat and email, ensuring traders have guidance when needed.
Pricing & Plans
UProfit Trader provides multiple account sizes to cater to various trading levels and goals. Each account has its own cost structure, making it accessible for beginners as well as experienced traders.
$25,000 Account: Starting at $145 per month
$50,000 Account: Starting at $180 per month
$100,000 Account: Starting at $315 per month
$150,000 Account: Starting at $350 per month
Each plan includes access to a qualification account where traders can prove their skills before advancing to a funded account. Sign up for UProfit Trader’s evaluation accounts here.
Evaluation Process
UProfit Trader’s evaluation process is straightforward. Traders must complete the following steps:
Choose an Account Size: Select an evaluation account that matches your trading goals and risk tolerance.
Meet Profit Targets: Each account has a specific profit target, which varies by account size.
Respect Drawdown and Daily Loss Limits: Traders must abide by UProfit Trader’s risk management rules, including trailing drawdown and daily loss limits.
Trade a Minimum of 10 Days: UProfit Trader requires traders to demonstrate consistent performance over at least 10 days.
Once these requirements are met, traders can graduate to a funded account. Learn more about UProfit Trader’s evaluation process.
Funding & Scaling
After passing the evaluation, traders receive a live funded account and can begin earning from their trades. UProfit Trader also offers a unique scaling plan that increases buying power based on the account’s profit levels, enabling traders to grow their accounts and take on larger positions. With each profit milestone, traders can expand their contract limits and access greater profit potential.
Pros and Cons
Pros
Varied Account Sizes: Flexible account sizes suit all trading experience levels.
Quick Scaling: Increase your buying power with UProfit Trader’s dynamic scaling plan.
Responsive Customer Support: Chat and email support provide quick assistance.
Accessible Profit Targets: Realistic targets allow consistent traders to achieve funding quickly.
Cons
Trailing Drawdown: Some traders may find the trailing drawdown restrictive.
Limited Markets: Focuses solely on futures, which may limit diversification.
Frequently Asked Questions (FAQ)
What instruments can I trade with UProfit Trader?
UProfit Trader supports trading in major futures markets, including indices, metals, and energy commodities. This selection allows traders to explore diverse strategies within the futures market.
How long does the evaluation process take?
The evaluation period depends on each trader’s performance. You need to meet profit targets and trade for at least 10 days. With consistent trading, the process can be completed within a few weeks.
What happens if I hit the daily loss limit?
If you hit the daily loss limit, your account will be suspended for the rest of the trading day. This rule is in place to help traders manage risk and prevent overtrading.
Can I use automated trading systems with UProfit Trader?
Yes, UProfit Trader allows traders to use automated trading systems. However, it is essential to ensure that the algorithm complies with all trading rules, including drawdown and daily loss limits.
Is there a fee for the funded account?
No monthly fees are charged for the funded account. However, UProfit Trader does deduct a one-time activation fee, which varies based on account size.
Conclusion
UProfit Trader provides a flexible and supportive pathway for traders looking to secure funded futures accounts. With a straightforward evaluation process, diverse account options, and rapid scaling potential, UProfit Trader offers a competitive choice in the proprietary trading market. For traders looking to grow their skills and earn from live trading accounts, UProfit Trader offers a well-rounded solution.
Get started with UProfit Trader’s evaluation accounts here!
