Uprofit Trader Reviews & Discounts 2024
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UProfit Trader is a leading platform that offers traders the opportunity to access funded trading accounts in the futures market. The company’s mission is to provide aspiring and experienced traders with the capital and tools they need to succeed in the financial markets.
Key features and benefits of UProfit Trader include:
- Multiple account size options to suit different trading styles and experience levels
- Two main program types: UProfit ZERO and UProfit LEGACY
- Evaluation process to prove trading skills before accessing a funded account
- Generous profit-sharing structure
UProfit ZERO programs are designed to offer more flexibility and fewer restrictions compared to traditional funded trading programs.
UProfit ZERO 30K Program
- Initial balance: $30,000
- Profit target: $2,000
- Static Drawdown: $1,000
- Maximum contracts: 2 E-mini or 20 Micro E-mini
UProfit ZERO 50K Program
- Initial balance: $50,000
- Profit target: $3,000
- Static Drawdown: $2,000
- Maximum contracts: 4 E-mini or 40 Micro E-mini
UProfit ZERO 150K Program
- Initial balance: $150,000
- Profit target: $10,000
- Static Drawdown: $5,000
- Maximum contracts: 6 E-mini or 60 Micro E-mini
Key features of ZERO programs:
- No daily loss limit
- Swing trading allowed
- No contract scaling restriction
UProfit LEGACY programs offer a range of account sizes with structured rules and parameters.
Program Overview
- 9K Program
- 25K Program
- 50K Program
- 100K Program
- 150K Program
- 200K Program
Key Parameters (example: 50K Program)
- Initial balance: $50,000
- Profit target: $2,500
- Daily Loss Limit: $1,100
- Pro Drawdown: $2,000
- Maximum contracts: 6 E-mini or 30 Micro E-mini
Before accessing a funded account, traders must complete an evaluation process:
- Minimum trading days: 5 days (not necessarily consecutive)
- Meet the profit target for the chosen program
- Adhere to all trading rules and parameters
- Consistency requirement: 30% (removed in funded phase)
Upon successful completion of the evaluation:
- Traders receive an email invitation to transition to a Funded Live Account
- The entire balance from the Virtual Live Account is transferred to the new Funded Live Account
- Traders pay a one-time assignment fee (varies by account size)
Live Account features:
- No monthly fees
- Profit-sharing structure (up to 100% of profits)
- Scaling contracts based on account performance
Daily Loss Limit (DLL)
- Varies by account size (e.g., $1,100 for 50K account)
- Includes fees and commissions
- If exceeded, positions are automatically closed
Pro Drawdown
- Updated only when account balance reaches a new high at end of trading day
- Provides flexibility for intra-day trading
Maximum Contracts
- Varies by account size and program
- Includes combined positions across all traded instruments
- Scales up as account balance increases
Trading Hours
- Market opens at 6:00 PM ET on Sundays
- Closes at 4:10 PM ET on Fridays
- Daily maintenance window: 4:10 PM ET to 6:00 PM ET
Payout Structure
- First 5 payouts: Access to 50% of generated profits
- After 5th payout: Access to 100% of generated profits
- Minimum 5 profitable days required between payouts
- Consistency rule: Best trading day should not exceed 30% of total account profit
RISE Payment Platform
- Allows withdrawals in USD or cryptocurrencies
- Supports fast transfers and lower fees
- Complies with international tax laws and regulations
Withdrawal Process
- Request via email
- Processed within 24 hours (Monday-Friday, excluding holidays)
- Minimum withdrawal: $200
Supported Platforms
- NinjaTrader (recommended and free to use)
- Other platforms supporting RTrader data
Markets
- CME, NYMEX, COMEX, and CBOT products
Support Channels
- Live chat: Available 8:00 AM ET to 7:00 PM ET
Reset Option
- Available if rules are violated or account balance falls below initial balance
- Fees vary by program
Account Closure and Refunds
- Traders can request account closure at any time
- Refunds subject to terms and conditions
TrustPilot Reviews and Statistics
Overall Rating Statistics:
- Average rating: 4.71 out of 5 stars
- 5-star reviews: 87.7%
- 4-star reviews: 5.5%
- 3-star reviews: 1.7%
- 2-star reviews: 0.6%
- 1-star reviews: 4.5%
Key Themes and Statistics:
- Customer Support (mentioned in 25% of reviews)
- 98% positive feedback
- Described as fast, responsive, and helpful
- Quick email response times frequently highlighted
- Evaluation Process (mentioned in 30% of reviews)
- Generally described as fair and straightforward
- Pro Drawdown feature frequently praised
- 10-day evaluation period appreciated by many traders
- Funding and Payouts (mentioned in 20% of reviews)
- Fast payout process reported by multiple traders
- Ability to withdraw profits quickly seen as a significant advantage
- Some traders confirmed receiving payouts as promised
- Trading Rules and Conditions (mentioned in 35% of reviews)
- End-of-day drawdown rule widely appreciated
- Clear and simple rules frequently mentioned
- Some traders prefer UProfit’s rules over competitors
- Platform and Technology (mentioned in 15% of reviews)
- Generally positive feedback on the trading platform
- Some mentions of NinjaTrader integration
- A few isolated reports of technical issues
- Transparency and Trustworthiness (mentioned in 10% of reviews)
- Many traders describe UProfit as honest and reliable
- Some long-term traders reported consistent positive experiences
- Pricing and Value (mentioned in 8% of reviews)
- Competitive pricing mentioned by several traders
- Occasional promotions and discounts appreciated
- Trader Development (mentioned in 5% of reviews)
- Some traders mentioned improved discipline and risk management
- Evaluation process seen as beneficial for skill development
Negative Feedback Themes (found in 4.5% of 1-star reviews):
- Occasional complaints about account terminations due to rule violations
- A few traders reported issues with slippage or order execution
- Some dissatisfaction with changes to payout policies or trading rules
Vital Statistics for Potential Traders:
- 93.2% of reviewers rated their experience 4 stars or higher
- 25% of reviews specifically praised the customer support
- 30% of reviews mentioned a positive evaluation experience
- 20% of reviews confirmed successful payouts or withdrawals
- 35% of reviews commented positively on trading rules and conditions
UProfit Trader appears to be well-regarded by the majority of reviewers, with particular strengths in customer support, fair evaluation processes, and trader-friendly rules.
The company seems to deliver on its promises regarding payouts and account funding. Potential traders should be aware of the strict rule enforcement and ensure they fully understand the terms before starting. While there are some negative reviews, they represent a small minority of the overall feedback.
Conclusion
UProfit Trader offers a comprehensive suite of funded trading programs designed to cater to traders of all experience levels. By following the rules and guidelines outlined in this guide, traders can maximize their potential for success on the platform. We have placed Uprofit in the #7 spot for the Top Prop Firm of 2024.
- Some rule breaches will results in failure
- 50% profit split on accunts less than 40 trading days
- 30% consistency rule
- High activation fees
- Lacking educational content
- Trade up to 20 accounts simultaneously
- End of day drawdown on some accounts
- Drawdown resets at payout
- 1 step evaluations
UProfit Current Discounts/Coupon Codes
| Coupon | Product(s) | Discount | Start | End |
|---|---|---|---|---|
| PropPlus | All Evaluations | 30% | 11/1/24 | 11/30/2024 |
| PropPlus | Zero Programs | 80% | 11/1/2024 | 11/30/2024 |
UProfit Restricted Countries
UProfit does not have a list of restricted countries. If you are in a high risk country, please check with UProfit customer service.
UProfit Commission Comparison
| ROUND TRIP | E-mini Micros | Equity Futures | Currency Futures | Ag Futures | Energy Futures | Metals Futures | Crypto Futures |
|---|---|---|---|---|---|---|---|
| TakeProfit Trader | 0.5 | 5 | 5 | 5 | 5 | 5 | N/A |
| BluSky Trading | 1 | 4 | 4 | 4 | 4 | 4 | N/A |
| The Trading Pit | 1 | 3.8 | 4.44 | 5.3 | 4.24 | 4.34 | 6.24 / 1.02 micros |
| Apex (Rithmic) | 1.02 | 3.98 | 4.72 | 5.58 | 3.96 | 4.62 | 5.52 |
| Apex (Tradeovate) | 1.04 | 3.1 | 3.54 | 4.54 | 3.34 | 3.54 | 5.34 |
| Elite Trader Funding | 1.12 | 4.08 | 4.72 | 5.62 | 4.52 | 4.62 | 13.52 / 11.52 |
| TickTick (Rithmic) | 1.2 | 5 | 5 | 5 | 5 | 5 | N/A |
| TickTick (CQG) | 1.2 | 5 | 5 | 5 | 5 | 5 | N/A |
| Bluenox | 1.22 | 4.18 | 4.72 | 5.72 | 4.52 | 4.62 | 5.52 |
| My Funded Futures | 1.24 | 3.8 | 4.44 | 5.3 | 4.24 | 4.34 | 6.24 / 1.04 micros |
| TickTick (Tradeovate) | 1.54 | 4.48 | 4.48 | 4.48 | 4.48 | 4.48 | N/A |
| TradeDay | 1.54 | 4.68 | 5.12 | 6.12 | 4.92 | 5.12 | N/A |
| Uprofit | 1 | 5 | 5 | 5 | 5 | 5 | N/A |
| Tradeify | 1.74 | 5.68 | N/A | 7.12 | 5.32 | 6.12 | N/A |
How We Determine The Best Firms
In our comprehensive reviews of proprietary trading firms, we evaluate a wide range of factors to provide traders with a complete picture. We start by examining the company’s background, including its founding, leadership, and overall reputation in the industry. We then delve into the account types and sizes offered, along with the specific evaluation processes and trading conditions.
This includes analyzing profit targets, drawdown rules, and any restrictions on trading hours or instruments. We closely examine the profit-splitting structure, payout speeds, and withdrawal policies, as well as any commissions charged. The pricing model for both evaluation and funded accounts is scrutinized, including any additional fees for data feeds or platforms. We assess the trading platforms supported, any educational resources provided, and the quality of customer support. Scaling opportunities and unique features that set each firm apart are highlighted.
We also consider the overall user experience, the company’s transparency in its rules and risk disclosures, and the firm’s reputation among traders, often referencing Trustpilot scores or other review aggregators.
Our reviews aim to give traders a thorough understanding of what each prop firm offers, enabling them to make informed decisions based on their individual trading needs and preferences.
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