I really like the gradation of plans they offer as even if you don't have enough money to get the fattest plan, you can start off having just $49.
Everything is done via Deel payment system, quite a modern payment platform.
So I ain't have any quibbles to this prop trading firm. Everything works fine, without serious troubles or smth. Challenge is passed quickly in my case.
I have been able to deposit and withdraw my money through crypto through coinbase and I can say it’s one of the easiest things that could have been provided to any trader. There are other methods like the E wallets, card method and so on.
Didn't notice that the headquarter of UT is in London. It seems like a legit prop firm at least they don't hide behind some questionable locations.
And also considering the prop trading in general is currently experiencing not the best times but Ultimate traders is doing good, shows that they do something right.
I appreciate they don't impose any restrictions on the trading style, except the positional trading.
I personally scalp Aud and NZD pairs on M5 and M1 to get the most juice out of the squeeze.
Dear Amadeo A.,
Thank you for choosing Ultimate Traders as your prop trading firm. Greatly appreciated!
Ultimate Traders
Trade our Capital
Solid prop trading firm with history. I suppose for beginners it will be challenging cuz i didn't find any tutorials or education anywhere.
So i recommend to research the topic before. In any case the game is worth the candle. 10x purchasing power is a big deal when it comes to profitability.
Hello Pepe C.,
Thank you for your fair and balanced review. We're pleased to know you're enjoying your experience with Ultimate Traders. If you have any issues or need further assistance in the future, please don't hesitate to reach out. We're here to help.
Ultimate Traders
Trade our Capital
Well, I have heard a lot about this prop trading company and lately they became quite popular in the trading field and of course I couldn't help but notice that and I decided to join this company and show what I have got.
They offer two types of challenges which traders can choose from and I chose speedy challenge because I prefer trading scalping and it is better for me. By the way, the trading platform is multifunctional and it has many valuable features that make trading more interesting. In case of questions, their support team is always ready to help me.
I had an experience of working with prop trading firms, but all of them were mediocre. This one is another sort of company. I mean, the niche it takes is the same, it allows you to operate rather big volumes if you preliminary prove your competence as a trader, I have never faced companies that would offer more than $100k under management. This one offers even $400k. Awesome.
This prop trading firm has ingeniously devised the rules for calling a trade. I chose the classic trading challenge and successfully passed all the rules. During this time, I have gained a lot in disciplined trading and have become more successful in making profits. This is a very tough test for every trader.
Not referring to the limits and the rules, but the actual trading conditions.
Those conditions for trading like tight spreads, good and flexible leverage, many trading instruments and market access, etc.
As for the profit share model, I think it is really good. It gets up to ninety percent for the trader.
This is a whole new experience for me.
Before I got involved with this company, the only limitation to my trading was profit. Now I have to follow the rules.
But I must say that these rules are logical and reasonable. Thanks to them, I will be able to earn a stable income. And thanks to company this income will be bigger.
This is the very new experience for me. Not the trading, but the trading with the prop trading firm, as they call them.
In short I decided to try Ultimate traders mostly because I have a proper trading strategy but I don't have access to the bigger capitals.
I suppose 99% of the clients here came for the same reason.
But also I'd like to say that the working conditions are one of the best. I mean leverage is high, execution raises no questions. And I get to tarde on the most convenient trading platform, which is MT4.
So far so good.
There are so many obvious perks of trading with ultimate traders. Trading with a bigger account is a very apparent advantage of all prop trading platforms.
However, other advantages to trading with ultimate traders include the trading conditions and limits. The limits are set very appropriately and fairly. Traders have enough daily drawdown allowance, overall drawdown, trading leverage, EAs, and so on.
You can trade as you wish with ultimate traders.
I used to deal with the prop trading before and it wasn't a successful experience. I am not sure what was wrong back then, I guess the trading conditions and the trading platform were not for me.
The leverage was too low around 1:30 and the platform was custom so it wasn't very comfortable for me to open my deals in no time.
Ultimate traders provide good old MT4 that is very familiar and reliable. And the choice of assets and their leverage is high enough to get to the profitability threshold with ease.
There is an ultimate flexibility about the Ultimate traders:)
I mean the evaluation of the skills procedure can be 1-step or 2-step depending on your experience level.
If you feel comfortable on the forex market, and have everything that is required, namely the proper trading strategy and emotional control, then it's better to take 1-step and pass it quickly.
However for beginners wanting to partake in this exciting endeavor, Ultimate traders offer to take a 2-step process and trade at their comfortable pace.
There is also a MT4 trading platform available as the main platform. Hopefully we will see MT5 too, since it is way more suitable for scalpers.
To be honest, I was a little worried that I wouldn't pass. Although I had prepared pretty well.
This company doesn't hide its requirements for traders and I tested my abilities on my broker's demo account before taking assessment.
I tried trading on Ultimate Traders rules to make sure I could pass this assessment.
I realized that if I followed my strategy exactly, I could pass. And as a result, I was right. I passed assessment on the first try and now I am a trader in this company!
One of the main requirements for this prop company was what kind of trading platform I would get. My trading strategy strongly depends on what tools I use for trading. Therefore, success of my trading depends on which platform is available to me here. I simply wouldn't be able to pass assessment if I didn't have opportunity to trade on such platform.
It's so good seeing other traders like myself commend a prop firm for the good work that they are putting into their platform and ever since I joined it's been wonderful!
Prop trading was smth new to me, but due to their website, comprehensive FAQ and customer support I understood the speicificty eventually.
And surely I had no serious hardships while passing through assessment since 12% of drawdown is cool, I had just 5% =)
I am not a pro, just spend more time analyzing the market and make more prudent decisions without rushing.
Finally, I came to prop trading. This is what I wanted to try back in the day, but I had to postpone this venture for a better period. Recently decided to get into it.
Actually, assessment was passed easily, I didn't put a lot of effort since I can call myself a consistent and skillful trader, so my daily and max drawdowns of the deposit were hilarious, like 1% or 2%.
Everything was cool, I traded my favorite aud/cad, eur/usd pairs, tracked news and such key points as CPI rates, traded on level breakouts or price pullbacks and had no troubles.
Good platform.
Not a bad solution for traders with a particular knowledge base.
I can't say that complete rookie aren't welcomed here, but it would be veeeery ardous for them to pass the challenge. The company doesn't educate on trading, it gives the opportunity to trade bigger volumes than a typical, retail trader can afford himself on his own.
For this you ought to pay a kind of entrance fee, but if you are skillful then it's paid off quickly. Plus, afaik, there's a chance to get the fee refunded.
I assume that Ultimate traders platform backed up by T4Trade broker is a solid solution.👍
I've not always been fine with prop trading, but when I was made to understand that I could retain up to ninety percent of the profits, it was an easy choice.
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
Answer: 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.
Ultimate Traders has a rating of 4.7 stars from 78 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 40th among Personal Finance sites.
Hi Patricio P.,
Thank you for your positive feedback! We appreciate your support.
Ultimate Traders
Trade our Capital