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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! Sevearl $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 Our UProfit Trader Review
UProfit Trader is a popular choice and one of my most recommended companies. You can see in the review they allow multiple accounts 10 day evaluations, and you can withdraw from Day 1 of being funded! As well I love that they have multiple withdrawal options available including crypto. With UProfit Trader you can withdraw from day 1, BUT you’ll get a lower percentage for the first 40 days. Basically, 2 approaches to easing you into funded trading. I kind of like the UProfit Trader method, as the money is available if you needed it, but you have the incentive to wait until day 41.
You can read more below about what I like and dislike about UProfit Trader.
Evaluations Available and Pricing
Uprofit Trader revised their site and available programs in May 2022. Below is the current list:
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 2 Funded accounts Per Email address/log in
- You can have more than 2 funded accounts, but only 2 per email aka log in
- 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. You will only be able to log into 1 email at a time, and at most you can have 2 funded accounts under that email.
Below are the general rules. Be sure to read the specific rules on their site.
- 1 step – trade for 10 days and reach the profit goal (I’m a fan of 10 day evaluations)
- Trailing stop loss stops at the initial balance (note this doesn’t apply to the $150K Static account)
- 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. Basically days 1-40 of being funded, you would only be eligible for a 50/50 split on money taken out. After this, you get the standard 80/20 split. This is to encourage people to build up a balance rather than continually pull profits.
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 fees are:
- $ 9,000 Account One-time Assignment Cost of $99
- $ 50,000 Account One-time Assignment Cost $150
- $ 100,000 Account One-time Assignment Cost of $250
- $200,000 Account One-time Assignment Cost of 380
- $150,000 Static Account One-time Assignment Cost of (TBD)
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. You may not receive it immediately (ACH for example may take a few days), but other methods such as Crypto and PayPal will most likely be received within 24 hours. The full slate of withdrawal methods are wire, ACH, crypto (USDT and USDC), PayPal and Visa/Mastercard.
Pros of UProfit Trader
- 1 step evaluation
- 10 Day only evaluations
- Drawdown updated at End of Day, not after every trade
- Can withdraw profits in funded accounts immediate, (but at a 50/50 split for 40 days)
- 1 day withdrawals & methods of withdraw (PayPay, Wire, ACH, Crypto, Visa/MC refund)
- 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
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
- 10 Days to Pass (love this)
- 1 Fee Once Funded and nothing after
- 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.
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
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