Ultimate Traders

Today I want to dispel misconceptions that all experienced traders have traded through prop trading companies and even though when I have been in the trading area for over 4 years I have never tried to become a funded trader.
Nevertheless, everything changes sooner or later and I decided to give it a shot. So when I signed up for the company, I started reading their FAQ section which had a lot of useful information about how to pass the assessment. It would be great if they added some video lessons of how other traders passed their challenges and share with us.🙂

Although $99 for a 10k account is quite a nice price, this is the second challenge I am taking. In the first one, my goal was to pass the evaluation as quickly as possible, so I ended up risking much more than I actually do. The result is a failed challenge due to a daily breach, nothing surprising. Then, my second time - the evaluation lasted for like 10 trading days, but the curve was stable and upwards. Even if it takes more time, I understood that risk management is to be followed no matter what.

The first thing I noticed when I opened their website, actually I read it from reviews, was about the profits sharing ratio of up to 90%. This is one of the highest profit sharing ratios amongst prop trading firms. I have seen others with similar ratios, but there were some additional conditions in terms of account size, time of trading and more hard to fulfil criteria.
Here, things are straight - pass the challenge and you get your hands to this amazing profit sharing ratio 👍

I was looking for a proper prop trading firm for a long time and picked Ultimate traders because of one main reason: it's the reliability.
Everyone who is on prop trading for some time knows that this sphere is going through hard time at the moment.Therefore I had to be very careful.

Ultimate traders has the office in London, UK which immediately gave me a lot of confidence.
Plus the legal entity is related to some good brokers, so it has backed up the credibility several times.

As for the trading itself, I didn't notice anything questionable during the evaluation period. All the deals were executed very swiftly and on point so…

I think there are two types of trades in the market, those who trade and still learn. And those who already have their edge and just trade for profits.
So I think for the second option where a trader is pro. - speedy challenge is great, as he can just save some time and get to making profits.
However, those who are still on the path of learning, I think going with classic is the right choice. I personally so much about risk managment while I was passing the stages in classic, this XP I got is super valuable👌 Having a funded account may impact the psychology, so going through 2 stages prepares you better in my opinion, at least this is what it did to me, now I have a better risk management💪

I have always wanted to be good enough in my trading to be able to trade big and make big bucks. I had two hurdles to cross which are my trading skills and then funds to make it happen. Took some years to gain the confidence and skills to trade profitably and big.
I learnt about prop trading from my colleague and decided to research some platform including reviews about them, Ultimate trader seemed impressive and I tried the classic challenge, It was challenging as the the name suggests and I was ble to scale through, it helped me make some sweet bucks.

Not my first year here at UT, we go way back, almost since when they started providing challenges, I was one of the first to trust them, and I am glad that I did. Since then, I have passed and failed many challenges, but these guys were always by my side with help and support that I needed. Now it's good, I have some funded accounts, I won't tell you how much but it's good🤫
Trading with 2-3 pairs and assets as usual, came to a conclusion that I don't need like tens of assets, better to learn few but have high quality setups on them, think about it😉

That's good.
I passed through classic challenge quickly, nothing impeded me at all, because conditions for going through it are favorable. My overall account drawdown was way smaller than the pre-set threshold and that is cool.
Perhaps... I don't really like the leverage size, nevertheless knowing that you can manage a huge account means big leverage isn't super necessary here.