Uprofit Trader is another funded futures prop firm I passed in 2021 with multiple accounts. I’ve talked directly to their founder and CEO several times, and they definitely are committed to being one of the best out there. Learn more about Uprofit Trader in the following.
You can also read my review of Uprofit Trader here.
Also, be sure to check my Exclusive Promos page – I always have a discount on Uprofit Trader just for you!
Is Uprofit Trader Legit? Do They Pay Their Traders?
Yes absolutely they are both legitimate and pay their traders regularly. I would not endorse them if they did not. Uprofit Trader has a long history of being in business, and you can find plenty of their funded traders in their own Facebook group, plenty of whom are paid weekly. I also know several funded Uprofit Trader traders personally. As well I personally have been paid by Uprofit Trader every single month. I love their “on demand” payouts, and the ability to withdraw using crypto if you want to.
What Is The Profit Split With Uprofit Trader?
Uprofit Trader has keep the profit split simple: The first withdraw is matched 100% by Uprofit up to $15,000! Then 80/20 thereafter. Uprofit removed their safety net in late August 2023, so no minimum buffer is required.
Is There A Daily Draw Down With Uprofit Trader?
Uprofit Trader does have a daily draw down limit. The amount of the draw down varies by account size. Their trailing draw down though updates at End of Day, which is a perk for sure.
What Are The Rules of Uprofit Trader to Pass?
The rules to pass are honestly pretty straight forward.
- Meet the profit goal for your chosen account size
- Do not violate the daily loss limit and end of day draw down rules
- Do not trade more contracts than allowed (their system won’t let you open more than allowed)
- Trade at least 10 days
That is essentially it. Sounds simple, but don’t take any evaluation lightly. You still have to manage your own risk to not violate the draw down. If you stick to your trading plan, passing isn’t that difficult. I’ve passed evaluations with pretty much every top tier firm myself.
What Are The Commissions For Trading Futures With Uprofit Trader?
The commissions vary by product and which software you use, if you visit the Help Section of their site there is a list with the commissions and some examples.
What Software Can I Use For Uprofit Trader Evaluation?
Rithmic will be the data feed for Uprofit Trader. Rithmic does have their own software, RTrader Pro which is free. As well Uprofit Trader provides a free license of NinjaTrader to use as well.
On top of these free options, you can use any software package that is capable of connecting to Rithmic. There are several out there. For example I use Jigsaw Daytradr myself as an in depth order flow scalping tool.
How Do I Withdraw Money From Uprofit Trader?
Uprofit Trader withdrawals are easy to do. They have a full FAQs about it, but in general the process is:
- Withdrawals are processed on demand – send in your request anytime
- Withdrawals are processed within 24 hours
- That’s basically it. Send in your request to support and be paid within a day! They by far have the best withdraw rules.
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 A Trader Made a Million Dollars (insert any big number here), Wouldn’t They Bankrupt The Company?
No. Please think about this for just a second.
First, you have zero incentive to keep trading with a prop firm when you are making that much money. Remember the 80/20 split? If you are capable of making that kind of money you would not want to give up 20%. You would take your profits far sooner and open a brokerage account. As well, I hate to tell you but chances are you aren’t a million dollar trader.
Second, your $1 million isn’t coming out of the company’s pockets, they would be actual realized profits from trading. With Uprofit Trader you are in a fully funded account.
I think this question comes from people with delusions of grandeur more than out of a realistic situation.
What Products Can I Trade With Uprofit Trader?
Basically any CME Group listed futures product. Be sure to check their FAQs where they do list them out in detail. In general though, any futures CME Group product. You can not trade FX, stocks or options with Uprofit Trader.
What Are The Monthly Fees After Passing with Uprofit Trader?
Uprofit Trader is unique in that rather than charge an ongoing monthly fee, they charge a one-time fee to set up your funded account. In the long run this will be far cheaper. The amount varies by account size.
If I Break A Rule Can I Reset My Account at Uprofit Trader?
Yes if you break a rule during the evaluation phase you can reset your account for $100. You can reset as often as you need to. Keep in mind your monthly fee though as well. If you are close to the 1 month rebill it might make more sense to cancel and resign up.
Uprofit Trader is the one company I know of who does allow you to reset your funded account as well! The cost isn’t cheap, and varies based on account size and your performance, but if you don’t want to go through the evaluation again, you can reset it.
Conclusion
Hopefully the above questions and answers cover most of the questions you may have about Uprofit Trader. Be sure to check out my Exclusive Deals Page for the latest Uprofit Trader promo!
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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.