Ultimate Traders Questions & Answers

Hmm... It depends on what your preferences are. It doesn't matter whether you choose a classic or speedy challenge, the amount of money you can choose on your own but there are some differences, in a classic challenge there are first minimum plans consisting of 5000$ and 10000$, on the other had in a speedy challenge the first two minimum plans starts from 10000$ and 20000$. Of course, you can get more money by choosing a speedy challenge but you also need to pay more fees.

As far as I know it's done here via Deel a famous payment platform. If this is what you meant, then here it is. The process itself isn't intricate whatsoever, just a couple of clicks and you pay for the challenge and get funded account under your management. As last resort reach ou to the client support team, they respond timely and can share peculiarities of making transfers!

It would be a mistake if you used only one trading strategy. If you ask from a legal point of view, you should be at peace, Ultimate Traders has no limitation regarding the trading strategies you employ. You can scalp, you can hold your trades, whatever suits you best. As a trader, you should know that you must adapt to the market conditions. That means you must employ different strategies with different market conditions.

You mean 1:100? Yeah, more than enough, I would say the majority of traders don't use bigger leverage. If you opt for Speedy challenge then as far as I remember the leverage even gets restricted by 1:30, cuz speedy challenge is faster and there is no much time to adjust the leverage size. In general, I should say that it's a cool size to trade profitably, but remember that profits don't primarily depend on which leverage you choose.

Speedy, because you can quickly understand that you aren't skilled enough to work with the prop trading firm;DD Just a joke. But actually, yeah, I myself opted for speedy challenge and passed through in the blink of an eye. Conditions are interesting, those imposed requirements to comply aren't high, so even if you aren't a seasoned trader, just an intermediate one, you can pass through it.

Of course! Payouts are done in a timely manners and without any delays, problems, or calculation errors. You don't have to worry about any of that.

As far as I know, nope. You won't pay fees if you pass the test period and you can just trade on your own and get profits from your trades, in this case you really don't need to pay fees. If you fail the test period and you would like to try again, then you pay fees every time you fail.

I recommend you go with the classic challenge. WHY? Well since you raised the question about which one is better for you, I assume that you don't completely understand the trading rules and there is nothing wrong about it… you will get there sooner than you think. That's why I recommend you to take it steady and slow and spend more time trying to pass the challenge. That's how you will master the trading rules which are essential in the latter phase when you will start trading with real money. Remember, Rome was not built in a day, but it was ruined pretty quickly. The same is true with trading!

Well, it does, actually. I think if you're a newcomer to this prop trading thing, then customer support can save you time and effort for sure. So don't be shy to contact them. Ultimate traders customer support in particuar is quite attentive i should say. They try to solve your problem until the end. And also you don;t have to wait forever to get assistance.

I think it is pretty reasonable, and even though it is sort of a proprietary thing, I think two step assessment processes is very close to the industry standard. It should be one more than obviously for getting the best of the best, but if it was more than like two or three, it could have been kind of daunting and overwhelming, so it sounds like the right balance for prop trading to me.