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
Uprofit Trader live accounts have rules as well. Once you pass the evaluation and become a funded futures trader, you will receive an account with the same notional value as the evaluation you passed. Below are the rules of the Uprofit Trader live account.
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 Live Account Rules
Below are the general rules to follow in a Uprofit Trader live account. As always be sure to visit Uprofit Trader and verify nothing has changed before assuming the rules are the same.
I also strongly encourage you to read your contract carefully and follow the rules! People often are in a rush to just sign and get their live account that they don’t pick up on details such as the scaling plan or the one trade per week rule. Read what you are signing!
Markets and Schedules
Traders can operate products within the CME, NYMEX, COMEX and CBOT.
The schedule for each trading day is set and should be taken into consideration to avoid breaking any rules (Sunday 5:00 pm to Friday 3:10 pm CT) with a daily maintenance period from 3:10 pm – 5:00 pm CT.
You are required to have a minimum trading volume: 1 trade per week (a trading week is considered to be from Sunday 5:00 pm CT to Friday 3:10 pm CT).
Scaling Contracts / Scaling Plan
In order to increase your profitability while actively keeping your risk under control, you will gradually scale up the number of contracts you can operate.
Please remember that we will use your current account balance, which will include any open and closed intraday equity. If you select too many contracts for your account size, you will be in violation of the rules.
Below you can see the path to follow when increasing contracts:
25K account.
- $0 – $1,500 = 2 Contracts Max
- After $1,501 = 3 Contracts Max
50K account.
- $0 – $1,500 = 2 Contracts Max
- $1,501 – $4,000 = 4 Contracts Max
- After $4,000 = 6 Contracts Max
75K account.
- $0 – $1,500 = 2 Contracts Max
- $1,501 – $3,000 = 4 Contracts Max
- $3,001 – $4,500 = 6 Contracts Max
- After $4,501 = 8 Contracts Max
100K account.
- $0 – $2,000 = 3 Contracts Max
- $2,001 – $3,000 = 4 Contracts Max
- $3,001 – $5,000 = 6 Contracts Max
- After $5,001 = 12 Contracts Max
200K account.
- $0 – $2,000 = 3 Contracts Max
- $2,001 – $3,000 = 4 Contracts Max
- $3,001 – $5,000 = 6 Contracts Max
- $5,001 – $8,000 = 12 Contracts Max
- After $8,001 = 20 Contracts Max
Maximum number of Micro E-Mini contracts:
- 9K Account – 5 Micro E-Mini
- 25K Account – 20 Micro E-Mini
- 50K Account – 30 Micro E-Mini
- 100K Account -50 Micro E-Mini
- 200K Account -80 Micro E-Mini
10 Micro E-Minis equals 1 E-Mini contract.
Daily Loss Limit
Uprofit Trader has set daily loss limits for each account according to its size. This ensures that you have adequate risk management.
Pro Drawdown
This only takes 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.
New for 2023: Fair Trade Policy
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.
What happens if I break a risk management rule?
If you violate a risk management rule, the account will be immediately closed. You will then need to demonstrate, through a new evaluation, that you have the ability to properly operate within the required parameters.
Note that Uprofit Trader will in some circumstances AND for a fee, reinstate your live account. If you do break a rule and lose your funded live account, you will receive an email that has any information needed to contact support and find out the fees and if it is an option for you.
Ready to give Uprofit Trader a try?
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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.