If you are wondering what prop trading firm to choose from the vast pool and can't make up your mind, then go with the one that pays out the profits instantly.
Ultimate Traders has never held or postponed any of the withdrawal requests. I have been withdrawing funds from my trading account a couple of times in the last two months, and it has always been done smoothly and promptly from their side.
As for their trading rules, I think they do quite well, too. While the average profit share ratio is around 80%, with Ultimate Traders, I keep 90% of the profits made 👍
It's great that for impatient traders like me they have opportunity to pass assessment more quickly.
I think it gives those traders who are confident in themselves chance to start real trading as soon as possible.
I'm not really impressed because their 2-step evaluation seems to be dragged down a bit. Well, it may be stated that there are even 3 steps, because two first are for evaluation and the third one already allows you to earn money.
At the same time, from the point of allocated payouts for account managers, these guys excel. They really pay good money.
Giving a huge deposit to their users to start, which increases their potential of making huge profits is one reason why ultimate trades will be most traders favorite. Although you have to pass some test phases, it's worth it.
I was reading a lot of reviews about Ultimate Traders on various financial websites before joining them and after cooperating with this organization for a while I can say this is a reputable prop trading company.
They offer pretty competitive prices on plans and currently I'm passing the assessment on a classic challenge and on the way to achieving the required result.
When it comes to choosing the right prop trading platform, the most important aspect for me is how they handle payouts. I read a lot of positive reviews about Ultimate Traders, which made me start trading on this platform.
I have made two withdrawals so far, and I would say that they were like withdrawing money from an ATM, but very close to that :D
There is always a concern going on with the prop trading. Especially with the latest situation with prop trading first in the US.
However, I double checked all the information about Ultimate traders before assessment. So it can be said that I made my assessment of UT:)
I think it's one of the most credible firms right now. They even have the office in the UK to resolve all the legal disputes on the ground.
I was totally drawn by their up to $400k funding promise and that sweet 90% profit cut. They are keeping their promise.
They're not stingy on leverage, very generous on forex pairs side. They're flexible with the trading platforms as well. What really sets them apart for me is the ability to tweak the challenge rules. Like, you can adjust stuff to suit your style, which is dope for those who wanna join. The cost to get in varies by account size, but it's fair. The profit share and flexibility are a real catch. Just hoping it keeps up as they grow.
Among all prop trading firms I had a chance to work with, ultimate traders looks advantageous.
At least they give you bigger sums at your disposal, and to choose the maximum available sum which equates to $400k, you need to pay just $1,8k. It's nothing, believe me.
Plus, the evaluation stage was a breeze to me, perhaps, because of my broad experience, but still.
I opted for the Classic Challenge for the $10,000 account size.
It took me a week, or 5 trading days to pass both phases of the challenge.
Maybe I had a lucky strike, maybe I risked a bit more than I was supposed to, but reaching 15% profit is a pretty doable task. Even if you take it slower, I think two weeks is enough.
I don't think that any other prop trading firm offers a 2-step evaluation besides Ultimate traders.
And what it does, it relieves a good amount of pressure from the trader's shoulders generally speaking. Therefore it is easier to pass this evaluation.
It's not a breeze by any stretch of imagination, but it's good to be backed by the company, instead of getting hurdled by.
Ultimate traders present a smooth solution in my trading adventure. Thanks to them, I did boost my trading knowledge. What about customer support? They have experts, what I say in short. To summarise, ultimate traders changed my perspective on graphs. Now, it's easy to make some technical or fundamental analyses.
Traded with ultimate traders and it all went, successful trades with fast withdrawal, i cant say about the other brokers because i was treated badly i had to seek professional help before i could get my withdrawal with the help of *******@mail, com
Foul play detected, I tried withdrawing 95k USD i could not.i sent a message to their help centre for assistance no tangible reply forthcoming "It appears you are applying to add wire transfers/SEPA transfers to your account, however our records indicate you hold a balance of EUR below the minimum amount to withdrawal. Due to this fact, we will be unable to assist you in withdrawing these funds. We apologize for the inconvenience. "I just realized they sent this message to everyone who complained about withdrawal i filed a lawsuit against them via Reguls.online and was able to recover my lost assests
I have ben traing for 2 months and cannot process a withdrawl.\
They will not allow me to make a withdrawl and will no longer take my calls.
Got quite ambiguous impression, I'll explain:
On the one hand, it's a transparent mechanism where you pay money, pass the assessment and start trading concurrently earning yield, but on the other hand, I don't think their requirements are truly user-friendly. For me 12% of overall loss seems to be quite...small. Wish it was around 15%.
But it's just me🤷
I know that people will question the two-step evaluation process, but if you do not want it, you can simply go for the single-step evaluation. After the two steps, I felt so ready to trade with large funds, and I think it encourages consistent trading habits.
Even though they offer a Speedy challenge, the Classic challenge is quite speedy as well
Especially if you compare it to challenges at other prop trading firms…
The only difference is that after you pass the first phase of 10% profits, you will need to pass another phase with a 5% profit gain. But it will instil confidence in you and you will be better prepared.
It was very... tough to me to start trading with the Ultimate Traders, because I ain't have any prior experience of working with the prop trading firms. I heard of them, I even noticed some reviews, but as for personal experience - no, any.
Nevertheless, I overpowered myself, entered the platform, did a quick research and chose classic challenge with the minimum available sum under management - $5k. It was a good experience for me, I easily met the requirements and now I even receive payouts which are quite generous out here. Thanks, bros! It's better than classical trading.
I thought that I, with my 2-months experience, wouldn't be able to start working with the firm of such a caliber as the Ultimate Traders. But no! Their requirements for getting through challenges are user-friendly, you ain't need to be an exceptional professional with "green deals" in the trading history. Small mistakes are forgiven here. Thanks guys, for such experience!
Answer: Well usually, the pro traders with more experience can go for higher capital challenge because they are sure in their skills, or they can go for 1 step speedy challenges, and that is the average tendency. However this is not tailoring to experience, and any trader can go with $100k account if they pay the price. But it's just if you don't have much experience, it; s wiser to risk less at the first time and get to know the platform/
Answer: 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…
Answer: 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.
Answer: 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
Answer: 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.
Answer: 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.
Answer: 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
Ultimate Traders has a rating of 4.7 stars from 79 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Ultimate Traders most frequently mention classic challenge, trading firm and risk management. Ultimate Traders ranks 11th among Personal Finance sites.
Hey Barry S.,
Thank you so much for your great review. We appreciate your feedback and glad you had a positive experience.
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