2024 Update: I no longer actively promote Uprofit as they had several rule changes in the year that were sneaky and only lead to denied payouts. I won’t be updating this page any longer. Use at your own discretion, personally I would stick with the firms I currently endorse: Visit my Deals and Promotions Page
As well there’s been several complaints of deteriorating quality with Uprofit, in both support and denying payments for no good reason, as well as sneaking new rules into their TOS. This is not the type of firm I want to promote.
You can find more information here: Regulations Are Coming – October 2024 and also find my list of recommended companies that will be compliant.
UProfit Trader review has been a popular request from people who wanted to know what I thought of the Uprofit Trader funded trader evaluation program. I’ve passed Uprofit Trader multiple times! Several $200K’s, a $100K and a $50K evaluation. Yes, you can have multiple accounts with Uprofit Trader.
They often run deals, and I keep a current list of deals and sales on my Funded Trader Evaluation Deals Page. You will find UProfit Trader coupons and UProfit Trader promos there if they are running any.
Summary of My UProfit Review
UProfit is a popular choice and one of my most recommended companies. You can see in the review they allow multiple accounts, 5 day evaluations, and you can withdraw after 4 profitable days of being funded! As well I love that they have multiple withdrawal options available including crypto.
You can read more below about what I like and dislike about UProfit.
Evaluations Available and Pricing
Uprofit revised their site and available programs in 2023. Below is the current list:
Account Size | Price/month* | Contracts | Goal | Drawdown |
$9,000 | $89 | 5 | $900 | $800 |
$50,000 | $160 | 6 | $2,500 | $2,000 |
$100,000 | $315 | 12 | $6,000 | $3,000 |
$200,000 | $580 | 20 | $10,000 | $5,000 |
$30K Static* | $196 | 2 | $1,500 | $1,000 static |
$150K Static* | $750 | 8 | $7,500 | $5,000 static |
- Static drawdown accounts have a fixed drawdown that doesn’t move as you make profit unlike traditional accounts. As well these accounts aren’t available always.
Software Available
When you sign up with UProfit Trader you will connect via Rithmic, like most trader evaluation companies. You can trade in Rithmic Pro (their software), but its not that great. You do get a free license to NinjaTrader with UProfit Trader though which I recommend.
You can of course use your own software as well. I’m a fan of Jigsaw Daytradr, so I’d connect Jigsaw to Rithmic and trade that way, not even touching NinjaTrader (just personal preference).
As well once funded, you can continue to use NinjaTrader for free! They will give you a new licence key for it.
Multiple Accounts Clarified
“Can I have multiple funded accounts?” is a question I get asked often, followed by “are they under the same log in?”. I clarified this with UProfit Trader’s founder. Note that even their support doesn’t always make this clear, so here is what I was told.
- You can have as many Evaluation accounts as you want under 1 log in. 2, 4, 20 if you want.
- You can have up to $200K in funded accounts, regardless of the mix of accounts
- You can use a trade copier between your own accounts
Why this is important is because a lot of people want to use trade copiers between multiple accounts.
Evaluation Rules
Below are the general rules. Be sure to read the specific rules on their site.
- 1 step – trade for 5 days and reach the profit goal (I’m a fan of 5 day evaluations)
- Trailing stop loss stops at the initial balance (note this doesn’t apply to Static accounts as the drawdown doesn’t move from the start)
- Drawdown is calculated at the end of day, not in between trades. Big benefit to traders.
- There is no scaling plan during the evaluation (there is when funded but that is common)
Obviously if you are new to trading a lot of this might seem confusing. I recommend reading extensively over their Faqs and knowing what you are getting yourself into.
Funded Account Rules
The general rules will be the same as the evaluation. You’ll be back to a scaling plan as you build up a balance. The biggest thing to understand is their withdrawal rules. Your first withdraw is paid at 100% to you, up to $15,000. After this, you get the standard 80/20 split. This is to encourage people to build up a balance rather than continually pull profits.
Uprofit has also introduced a Fair Trade Policy. Basically once funded, no more than 30% of your profits you want to withdraw can come from 1 single day. This is to prevent the classic windfall some traders try, where they go for 1 huge score and then make a small trade each day after to meet any requirements.
So for example, if you have $10,000 in profits you want to withdraw, no more than 30% can come from 1 trading day. This policy was introduced in mid 2023.
Funded Account Fees
Once you are funded, there are often fees to cover data and/or 1 time set up fees. UProfit Trader charges one-time assignment fees in lieu of an ongoing data fee. This might rub some people the wrong way, but honestly it will work out far cheaper in the long run compared to paying $100+ per market with some of the other companies.
The One-time Assignment fees are:
- $9,000 account: fee of $100
- $30,000 static account: fee of $150
- $50,000 account: fee of $150
- $150,000 static account: fee of $250
- $200,000 account: fee of $380
Funded Account Withdraw Frequency & Methods
UProfit Trader offers 1 day withdrawals. This means if you put in your request before the market closes, they will then deduct the funds from your account after the market closes and process your payment the same day.
Uprofit requires 4 profitable days in between withdrawal requests. Payout methods include ACH, Paypal, Crypto, and bank wires.
Pros of UProfit Trader
- 1 step evaluation
- Drawdown updated at End of Day, not after every trade
- Can withdraw profits in funded accounts immediately after 4 profitable days
- 1 day withdrawals
- Lightening fast support (responded in 5 minutes to my question)
- You CAN have multiple funded accounts & can use a trade copier
Cons of UProfit Trader
- Multiple accounts once funded are 2 per log in (as many as you like, but only 2 per log in)
- No educational content, you have to know what you are doing
- Fewer account sizing options than most competitors
- Fair Trade Policy on withdrawals
Unique Standout Features of Uprofit Trader
- They run promotions often and they are bigger sized. I’ve seen 40% off for example. If you use my link, you’ll always get the best available pricing: UProfit Trader
- 1 Day withdrawals (huge benefit for UProfit Trader funded traders)
We hope you found our UProfit Trader review helpful. Feel free to email me from my Contact Page with any questions and I’ll do my best to answer.
Be Notified Of New Trader Evaluation Promotions
Submit your email if you want to be notified of new trader evaluation promotions. I never spam nor sell anything. Usually 2-3 emails a month are sent with the latest deals.
My Top Rated Funded Futures Programs
- Apex Trader Funding Review and Discount
- My Funded Futures Review and Discount
- Take Profit Trader Review and Discount
- Tradeify Review and Discount
Additional Uprofit Articles I’ve Written
Note several of these articles are older and the information may have changed. Please Visit Uprofit and their faqs section for the very latest.
- Uprofit Trader for Canadians
- Interview with Lindsay Duff, Founder of Uprofit
- Top 10 Uprofit Questions Answered
- Uprofit End of Day Drawdown Information
- Uprofit Trader Monthly Subscription Explained
- Uprofit Trader Resets Explained
- Uprofit Supported Platforms
- Uprofit Daily Loss Limits
- Uprofit Evaluation Rules
- Uprofit Live Account Rules
- Uprofit Trader Payouts and Withdrawals
- Uprofit Profit Split
- Uprofit Live Account Rules
- Using NinjaTrader in Canada
Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
Affiliate Disclosure:
The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.