Uprofit Trader offers a very attractive futures trader evaluation program and below are the Uprofit Rules. Below I use their $200K Elite evaluation as an example of the rules you must follow and how to pass. Keep in mind they do have other account sizes, and the values below will change based on the account size.
Uprofit Trader is looking to build long term relationships with futures traders, and I highly recommend them.
The information below was current as of the time of writing this article. Please visit Uprofit Trader and review their help section to verify all the information below is still current before signing up.
Uprofit Trader $200K Elite Account Rules and Goals
The Uprofit Trader Elite account allows you to prove that you can be a consistent Futures trader with the ultimate master account as part of the Uprofit rules.
Monthly Subscription = $580 (keep in mind Uprofit Trader runs sales almost monthly, so be sure to visit my Deals and Promos page for the latest deal!)
The monthly subscription is renewed every 30 calendar days from the first payment made. It will be active until you reach the profit target and move on to a Live Account or your subscription can be canceled at any time through your Trading Dashboard. Find more information here.
What are the rules?
Target & Minimum trading days
You can reach your account target after 10 trading days. That’s the minimum number of trading days you need to be actively trading to move on to the next step – the Live Account. However, you can trade for as many days as you need to reach the target. 10 is the minimum. Even if you reach the profit goal before 10, you must continue to trade. You do not need to take big trades your remaining days to pass.
Pro Drawdown
The Pro Drawdown will only take your profits into consideration at the end of the trading day and is updated when your account balance reaches a new high at the end of any trading day per the Uprofit rules.
You can keep track of your Pro Drawdown using your Trading Dashboard at the end of every trading day (3:10 PM CT).
Daily Loss Limit
Having an established daily loss limit will allow you to develop and strengthen your discipline. Also, assuming and accepting the risk will lead you to define your trades in accordance with the monetary management and size of your account.
Account Parameters
Minimum trading days: The minimum number of days of active trading required to reach your profit target. There is no maximum number of trading days. In the $200K Elite Account: 10 days
Starting Account Balance: In the $200K Elite Account: $200,000
Profit Target: You have to reach a net profit to pass your evaluation: In the $200K Elite Account: $10,000
Maximum Contracts: The number of contracts across all open trades: In the $200K Elite Account: 20 contracts. There is no scaling in the evaluation stage. There is scaling in the funded stage.
Daily Loss Limit: The amount of Net PnL. This cannot be exceeded at any given time during a trading day (5:00 PM CT – 3:10 PM CT).) In the $200K Elite Account: $4,000
Pro Drawdown: Updated at the end of each trading day. In the $200K Elite Account: $5,000
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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.