UProfit Trader Funding Review 2024

UProfit Trader Funding Program Updates

The Drawdown Killer $25K Program

On February 14th, 2023, Uprofit launched a new Futures program called "The Drawdown Killer 25K." This program has a static drawdown feature that gives traders more freedom. In this program, the drawdown will not trail. The program has the following specifications:

• Profit Target: 10% or $2,500
• Daily Loss Limit: 4% or $1,000
• Static Drawdown: 8% or $2,000
• E-Mini: maximum of four contracts
• E-Micro: maximum of 20 contracts
• Minimum trading days: 10
• Special launch price: $175 instead of the original $250

Uprofit offers a 40% discount for those who purchase The Drawdown Killer 25K program on their website until February 28th, 2023. This program is designed to provide traders with a more secure and profitable trading experience.

Limited Edition $150K Account

UProfit trader funding program now offers a Limited Edition $150K account which comes with no drawdown. Given that UProfit offers a 1:1 Maximum Loss Limit to Profit Target, you have to keep your account above $145K. Here is the quick breakdown of The Freedom Program - Limited Edition by UProfit:

• $150K account size
• $5,000 profit target
• Maximum of 8 contracts
• $2.500 daily loss limit
• $5,000 max loss
• Minimum of 10 trading days
• Price: $350

It seems like UProfit is testing out this new account version at the moment. We hope that it will stick around which makes our #1 choice of the best funded trader program even better.

This account is no longer available on Uprofit site as of February 15th, 2023.

UProfit Trader Funding Discount Code

UProfit

40% OFF

Lifetime Discount

We have partnered with UProfit to bring you a lifetime 40% discount

Uprofit Overview

UProfit Trader review has been a very popular request from our visitors for review. We have reviewed it, successfully made well into five figures of withdrawals and have overall has a very smooth  experience. Uprofit trader funding was good enough to be featured as out #1 or #2 program for most of the 2022, and that was before they had a relaunch with new and improved program offerings and feature improvements. Before Diving into the details of the program, let's have a look at their most popular plans.

Most Popular UProfit Trading Plans

UProfit Relaunch Updates

For traders familiar with UProfit previous format, let's highlight the differences after the relaunch.

• New Site Design
• Front End - New and slick design, makes shopping experience and reading up on the program significantly easier
• Back End - New and improved slick trader dashboard and account management area
• Program Changes
• Introduced Very Low Cost Basic Program - get started in trading for the cost lower than data fees and software lease alone.
• Introduced THE PREMIUM PROGRAM - It was our only gripe with Uprofit. To unlock significant drawdown traders had to navigate multiple accounts. Now we have UPROFIT PREMIUM PROGRAM - 200K account with $5,000 Pro Drawdown and 20 contract max. More room to work with during current high volatility regime.
  

UProfit Funded Trader Program Breakdown

UProfitTrader is a very popular option and our top recommended program. Simple evaluations process. Withdrawals possible from day 1. Withdrawals processed in around 24 hours. No need to wait 50 minimum trading days and withdraw only on select day of the month. 

We as traders LOVE being able to get paid for good trading performance, and Uprofit Live Accounts allow you to do just that, as often as you would like.

Improved User Experience and Dashboard

Very slick new site design getting straight to the point. Navigate to exactly what you need in a single click.

Program selection is very easy, let's go over the featured programs real quick

UPROFIT Funded Trader Program Options

Something for every trader, remember you can get funded for multiple accounts as well. Be free to mix and match accounts.

• New 9K - The Basic Program. Excellent value for low budget traders looking to start for a low fee. Only $54 with current 30% Off Promotion.
• 50K Program - Most Popular Program. Top program for a reason, sub $100 evaluation comes with $2,000 in drawdown and only $2,500 profit target.
• 200K Program - Our favorite addition and best EOD drawdown evaluation in futures for larger traders.
• 100K Program - Least appealing of the programs. 2:1 Profit Target to Drawdown Ratio. Traders would likely be better off getting 1 or 2 50k accounts or 200k account to maximize the value of Uprofit Trader Funding.

New Trader Dashboard and Account Management

Trader can now view their accounts status in new and improved dashboard.

Progress Report - how much profit and how close the drawdown trade is.

Individual Trade Breakdown - keep log of all your trades.

Day by Day breakdown with Instrument granularity. Review performance easily all within the same dashboard.

Quick access to support - contact support chat or advanced support departments with a single click.

While we value programs mostly based on value offered to the traders, having greatly improved slick user interface is a great addition by UProfit Team.

UProfit Pro Drawdown - Updated at the End of the Day

A drawdown is a reduction or decrease. It is used in financial markets to refer to the worst sequence of accumulated losses. This means the greatest drop from the highest to the lowest point on a return curve.

We can get a general overview of the Drawdown, the maximum loss a trader can bear, or the volatility his capital has experienced to achieve the ultimate objective.

How does the Pro Drawdown work?

The Pro Drawdown update is done at the end of each trading day. This can be done during your evaluation or in a Live Account. Track your Pro Drawdown via your Dashboard on UProfitTrader.com.

The Pro Drawdown will consider only the winnings at the close of each trading day. It is updated whenever your account balance reaches an all-time high at the close of each trading day.

Example account with $100,000: You have an open position balance above $100,500 on Day 1 of trading. However, your account balance is $100,000 when you close your trade. Your trading balance is $100,000 at the end. Your Pro Drawdown at the closing of the trading day is $97,000. It would be $97,000.

You have an open position balance of over $100,800 on Day 2 of trading. However, your account balance is $98,000 when you close your position. Your trading day ended with a $98,000 balance. Your Pro Drawdown at the closing of the trading day is $97,000. It would be $ 97.800 if you had a trailing drawdown.

You do not trade on Day 3 of trading. Your trading balance is $98,000 at the end. Your Pro Drawdown at the closing of the trading day is $97,000. It would be $97 800 if you had a trailing drawdown.

You have an open position balance of over $103,000 on Day 4, but your account balance is $100,000 when you close your trade. Your trading balance is $ 100,000 at the end. Your Pro Drawdown at the closing of the trading day is $97,000. It would be $99,000 if you had a trailing drawdown.

You have an open position balance of over $105,000 on Day 5 of trading. However, your account balance is only $104,000 when you close your trade. Your trading balance is $104,000 at the end. Your Pro Drawdown at the closing of the trading day is $100,000. It would be $100,000 if you had a trailing drawdown.

Unrealized profits are not included in your Pro Drawdown calculation

Balance in Trading Account: These funds are your trading account's available funds. The maximum account balance that an account can sustain is the Account Balance. It can be updated at the end or in real-time.

Pro Drawdown This is only updated when your Account Balance reaches an all-time high at the close of every trading day. Trailing Drawdown This is constantly updated in real-time, considering realized and unrealized gains. (Unrealized PNL). Unrealized PNL: This is your maximum account balance, considering open and closed operations.

How Is UProfit Different From Other Prop Firms

Uprofit Trader, a prop company that focuses on futures, is based in Texas, United States. Uprofit Trader has a reputation for providing traders with high-quality support and funding. This is the right scaling option for you. They offer to fund up to $100,000 and a simple verification process.

Uprofit Trader funding is very easy to use. It's much simpler than other prop companies in the industry. The verification process is a simple one-step process where you will trade on a simulated market account to show your profitability in the markets. You will need to follow a set of very basic rules and criteria regarding a profit target and instruments and drawdown and maximum losses. There is truly no rush to go through the challenge or evaluation period since the mininimum days of trading is set to 10.

Multiple Accounts Clarified

I am often asked if I can have multiple funded accounts. Then I ask if they are under the same login. This was clarified with the UProfit Trader founder. Unfortunately, this is not always the case, and even their support does not always make it clear. Here's what I was told.

• Under one login, you can have as many evaluation accounts as your heart desires. You can have as many as you like, up to 20.
• Two Funded Accounts Per Email Address/Log In
• There is no limit to how many funded accounts you can have, but a maximum of 2 per email or login.
• A trade copier can be used between your accounts.

This is important because many people want to trade copiers between multiple accounts. Only one email can be used at a given time. You cannot have more than two funded accounts.

Pricing and Evaluations

It is worth noting that they are the second company to offer a $75,000 evaluation. The smallest programs is $25,000 Funding, then we have $50,000 Funding, $75,000 Funding and the largest program which is $100,000 Funding.

Softwares available

You will be connected via Rithmic when you sign up for UProfit Trade, just like other trader evaluation companies. Rithmic Pro is their software, but it's not the best software out there. However, you can get a NinjaTrader license with UProfit Trader for free. As you might already be aware, NinjaTrader is a lot of times, the top choice of traders, especially the ones early on in their careers. If you are not familiar with NinjaTrader, you can read our review to familiarize yourself with it.

Of course, you can also use your software. Jigsaw Daytrader is the favorite of quite a few day traders as well, you would just have to connect Jigsaw with Rithmic to trade there, not NinjaTrader. Once you have gotten funded you gain access to NinjaTrader which you can use for as long as you wish. However, you will be issued a new license key.

Multiple Accounts Clarified

I am often asked if I can have multiple funded accounts. Then I ask if they are under the same login. This was clarified with the UProfit Trader founder. Unfortunately, this is not always the case, and even their support does not always make it clear. Here's what I was told.

• Under one login, you can have as many evaluation accounts as your heart desires. You can have as many as you like, up to 20.
• Two Funded Accounts Per Email Address/Log In
• There is no limit to how many funded accounts you can have, but a maximum of 2 per email or login.
• A trade copier can be used between your accounts.

This is important because many people want to trade copiers between multiple accounts. Only one email can be used at a given time. You cannot have more than two funded accounts.

UProfit Evaluation Rules

These are the general rules. Please refer to the site for specific rules.

• 1 Step - Trade for 10 Days and Reach the Profit Goal (I like 10 Day Evaluations).
• Trailing stop loss stops at initial balance
• Drawdown is calculated at night and not between trades. This is a huge benefit for traders.
• There is no scaling plan for the evaluation (although it is available when funds are available, this is not common).

This may seem overwhelming if you're new to trading. It is a good idea to read through their FAQs to understand what you are getting into.

Rules for a Funded Account

These general rules will apply to the evaluation. As you build up your balance, you'll return to the scaling plan. It is important to know their withdrawal rules. You would be eligible for a 50/50 split of money taken out on days 1-40 after being funded. The standard 80/20 split is available after this point. This is done to encourage people not to keep pulling profits but to build a balance.

Funded account fees

There are usually fees for data or 1-time setup fees once you have been funded. For example, UProfitTrader charges one-time assignment fees instead of a continuous data feed. Although this might seem harsh to some, it is much cheaper than paying $100+ per month with other companies.

The following are the fees associated with UProfit Trader Funding Accounts:

• $ 9,000 Account One Time Assignment Cost of $99
• $ 25,000 Account Assignment Cost $150
• $ 50,000 Account Assignment Cost $150
• $ 75,000 Account One Time Assignment Cost $165
• $250.00 for a $250 Assignment in a $ 100,000 Account

Funded account withdrawal frequency & methods

UProfit Trader announced a change to withdraw methods and timeline in May 2021. They now offer one-day withdrawals. If you submit your request before the market closes, they will deduct funds from your account and process your payment that day. It may take a while to receive your payment (ACH, for example), but most other methods like Crypto and PayPal should be available within 24 hours. Many withdrawal options are available: wire, ACH, and crypto (USDT, USDC), PayPal, Visa/Mastercard, and wire.

Pros of UProfit Trade

1 step evaluation

• Evaluations for 10 Days Only
• Not after every trade, but the drawdown is updated at the End of the Day.
• Profits can be withdrawn from funded accounts immediately (but at a 50/50 split over 40 days).
• 1 Day Withdrawals & Methods of Withdraw (PayPay, Wire. ACH. Crypto. Visa/MC Refund).
• Support was quick and lightening (replied in five minutes to my query)
• Multiple accounts can be funded, and you can use a trade broker.
  

Cons of UProfit Trader

Multiple accounts that have been funded once are allowed to be logged in. You can log in as many times as you want, but not more than 2.

• There is no educational content. You have to be able to do the work.
• Assignment/Activation Fee on Funded Accounts
• There are fewer options for account size than the majority of other competitors.
  

Unique Features of Profit Trader

You can find larger promotions. For example, I have seen discounts of up to 40%. You'll always receive the best pricing if you use our link: UProfit Trader Discount.

• 10 Days to Go
• 1 Fee once Funded, and nothing after that
• 1 Day Withdrawals (a huge benefit for UProfit traders funded by UProfit)

UProfit Trader Funding Review Summary

Simply put, Uprofit Trader Funding isn't a fraud or scam. The UProfit firm is as legit as they come and it is certainly one of the top prop firms for futures traders. You can get up to $100,000 in funding with just one-step verification which is no less than 10 days of trading. Three trading platforms, simple rules, and a low monthly fee make it one of our top choices for futures trader funding.

Uprofit Trader is a trusted and respected company on Trustpilot. Over 3640+ reviews. It blows the rest of the competition out of the water when they present their offering to other prop trading firms on our Best Trader Funding Programs list. We are currently signed up with UProfit as well and are monitoring any changes that occur as well as any issues. So far, we love it.

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Read more about the risks associated with funded trading.