Ultimate Traders
Questions & Answers

You decide, whether to extend your time, by making super multi confirmation deals, since at Ultimate traders, you have an unlimited time for passing the challenge. Or to finish it with a few trades, randomly, LOL. So, I can’t know about your skills, just follow the rule of min 3 trading days and reach the target of 10%. It’s not actually important what acc you have, 50k or 200k, with the right risk management and average 50% winrate, I believe challenge can be passed in 1-2 months. Occasional trading, of course…

If you are a beginner, classic is always better because you can so the assessment in 2 phases which would give you more time to be relaxed and confident.

I would suggest you explore more about prop-trading. Although it is trading in its essence, it is an essentially different trading style compared to classic independent trading with your funds. Here very strict rules are applied and in general I don't think that this trading style suits long-term strategies. The main trait of long-term strategies is that you open a position and you should forget about it… while in prop trading you don't have this luxury. One needs to monitor and adjust his positions all the time, to avoid breaching the rules. So, I would say to focus more on short-term trading strategies, but I might be wrong… idk

The process of withdrawal is to a certain extent same with traditional brokerage service, where they don`t charge you anything, except the payment processors cut their shares, based on the method you choose. The thing that should be noted here, is that your profit gains will be split to the 80/20 or 90/10 ratio, to the funded account provider, meaning you don`t pay fees, except the mentioned processor`s, but give away your profit splits. It`s not surprising, regarding the fact that those payments are conducted once a month, in general, like the majority of props allow.

Usually, the Speedy challenge halves the leverage for all categories of assets. For instance, in Classic Challenge you have it 1:10 for indices and for Speedy Challenge it is already 1:5. It is the maximum leverage and trading conditions shall be also specified during the process.

Buddy, I think you know the answer to your question yourself if you've studied what Ultimate Traders offers to their clients. Сlassic type of assessment is exactly what you need to choose. You will have enough time to get used to the rules that this prop company sets for its traders. And it's also a simpler way, in my opinion. Here you are less likely to do something wrong and you can safely and without haste pass assessment. If you are in doubt, you can go to the official UT website and compare with the help of a special table conditions that this prop company sets for these two options for passing assessment

Yes, there are. Time consumption might be the first and most obvious difference, but there is also a difference in price. For instance, the entry fee for a $10,000 account size if you decide to go with the classic challenge is $99, while if you opt for the speedy challenge, it is $129. Also, there is a difference in offered account sizes. With Classic challenge, you can even choose a relatively small account size of $5000, while with the Speedy challenge, the smallest account size you can choose is $10,000.