Are you an aspiring trader with a passion for the financial markets? Do you dream of capitalizing on your skills and achieving financial freedom? UProfit, a unique trading community, offers you the opportunity to prove your consistency and take your trading career to the next level. In this comprehensive review, we will explore UProfit’s programs, trading conditions, and the path it provides for traders to obtain a UProfit Live Account.
Introduction to UProfit
UProfit is a trading community designed to empower traders seeking to prove their trading consistency. The platform’s core philosophy revolves around providing traders with the best possible trading conditions in the market, enabling them to maximize their potential. With a focus on simplicity and freedom, UProfit offers a streamlined path for traders to obtain a UProfit Live Account, setting them on the journey to becoming master traders.
Simplified Trading Career Path
UProfit recognizes that traders crave more freedom, and they have simplified the trading career path into three straightforward steps:
1. Complete the One-Step Evaluation
Signing up for a UProfit program is the first step. Traders can choose their preferred account size and receive their credentials immediately to kickstart the evaluation process. This user-friendly approach ensures that traders can get started without unnecessary delays.
2. Follow Strict Risk Management Rules
UProfit places a strong emphasis on risk management, which is crucial in trading. Traders are required to adhere to the following risk management rules:
- Daily Loss Limit: Each account has a specific daily loss limit based on its size. This limit ensures that traders have adequate risk management in place, preventing them from incurring significant losses in a single trading day.
- Pro Drawdown EOD: Pro Drawdown measures the largest drop from the highest point of your account balance at the end of the trading day. It helps traders assess their risk tolerance and manage their positions accordingly.
- Minimum Trading Days: Traders must reach the profit target for their account within a minimum of five trading days, with no maximum limit. This requirement encourages consistent and disciplined trading.
3. Obtain Your Live Account Credentials and Start Withdrawals
Upon successfully completing the evaluation, traders receive their Live Account credentials, allowing them to embark on their journey as master traders. UProfit makes the process seamless and efficient, so traders can focus on what they do best – trading.
UProfit Program Options
UProfit offers four distinct program options, each catering to traders at different stages of their trading journey. Let’s explore these programs in detail:
1. The Basic Program – $9,000
- Monthly Cost: $89
- Profit Target: $900
- Maximum Contracts: 5
- Daily Loss Limit: $350
- Pro Drawdown EOD: $800
- Minimum Trading Days: 5
The Basic Program is designed for traders looking to find their footing in the Futures market. It allows traders to test their unique trading strategies for CME e-micro contracts MNQ, MES, and M2k. With a reasonable profit target and daily loss limit, this program is an excellent starting point for aspiring traders.
2. The Advanced Program (BEST SELLER) – $50,000
- Monthly Cost: $160
- Profit Target: $2,500
- Maximum Contracts: 6
- Daily Loss Limit: $1,100
- Pro Drawdown EOD: $2,000
- Minimum Trading Days: 5
The Advanced Program is the best-selling option and is ideal for traders who have mastered the Basic Program. It offers the opportunity to manage more capital, trade more contracts, and leverage trading skills further. The higher profit target and maximum contracts make it a preferred choice for traders looking to expand their horizons.
3. The Elite Program – $100,000
- Monthly Cost: $315
- Profit Target: $6,000
- Maximum Contracts: 12
- Daily Loss Limit: $2,200
- Pro Drawdown EOD: $3,000
- Minimum Trading Days: 5
The Elite Program is for traders who aim to prove their consistency in the Futures market. With a substantial profit target and the ability to trade up to 12 contracts, this program challenges traders to excel and demonstrates their ability to perform consistently in this dynamic market.
4. The Premium Program – $200,000
- Monthly Cost: $580
- Profit Target: $10,000
- Maximum Contracts: 20
- Daily Loss Limit: $4,000
- Pro Drawdown EOD: $5,000
- Minimum Trading Days: 5
The Premium Program is the most exclusive offering at UProfit, reserved for the best-qualified traders. It is specially designed to hone trading skills in the Futures markets. With an impressive profit target and the opportunity to trade up to 20 contracts, this program is for elite traders ready to take on significant challenges.
UProfit Live Account
One of the standout features of UProfit is the UProfit Live Account. This account is a unique approach to supporting traders on their path to financial freedom. Here are the key benefits of the UProfit Live Account:
- Live Futures Products Data: UProfit provides access to live futures products data from CME, NYMEX, COMEX, and CBOT. This data is essential for informed decision-making.
- Free NinjaTrader Platform: Traders receive access to the NinjaTrader platform, a powerful and versatile trading platform that aids in executing trades effectively.
- Withdrawals from Day 1: UProfit stands out by offering swift withdrawal processing, allowing traders to access their profits within just 24 hours.
Rules for Operating a UProfit Live Account
To operate a UProfit Live Account successfully, traders must adhere to specific rules and guidelines set by the platform:
Markets and Opening Hours:
- Traders must trade within the established trading hours, which begin at 6:00 PM ET on Sundays and end at 4:10 PM ET on Fridays. There is a daily maintenance window from 4:10 PM ET to 6:00 PM ET.
- All trades must be closed by 4:10 PM ET.
Minimum Trading Volume:
- Traders are required to execute a minimum of one trade per week. A trading week begins on Sunday at 6:00 PM ET and ends on Friday at 4:10 PM ET.
Scaling Contracts:
UProfit encourages traders to gradually scale up the number of contracts they operate to increase profitability while keeping risk under control. This is achieved by considering the current account balance, including open and closed intraday equity. The scaling guidelines are as follows:
For a 25K Account:
- $0 – $1,500 = 2 contracts Max
- $1,501 – $2,500 = 3 contracts Max
- $2,501 = 4 contracts Max
For a 50K Account:
- $0 – $1,500 = 2 Contracts Max
- $1,501 – $4,000 = 4 Contracts Max
- After $4,000 = 6 Contracts Max
For a 100K Account:
- $0 – $2,000 = 3 Contracts Max
- $2,001 – $3,000 = 4 Contracts Max
- $3,001 – $5,000 = 6 Contracts Max
- After $5,001 = 12 Contracts Max
For a 150K Account:
- $0 – $2,500 = 3 Contracts Max
- $2,501 – $5,000 = 6 Contracts Max
- $5,001 = 8 Contracts Max
For a 200K Account:
- $0 – $2,000 = 3 Contracts Max
- $2,001 – $3,000 = 4 Contracts Max
- $3,001 – $5,000 = 6 Contracts Max
- $5,001 – $8,000 = 12 Contracts Max
- After $8,001 = 20 Contracts Max
Maximum Number of Micro E-Mini Contracts:
The maximum number of Micro E-Mini contracts a trader can operate is determined by the size of their account:
- 9K Account = 5 Micro E-Mini
- 25K Account = 20 Micro E-Mini
- 50K Account = 30 Micro E-Mini
- 100K Account = 50 Micro E-Mini
- 150K Account = 60 Micro E-Mini
- 200K Account = 80 Micro E-Mini
It’s important to note that 10 E-Micro contracts equal 1 E-Mini contract.
Daily Loss Limit:
UProfit has set a daily loss limit for each account based on its size to ensure proper risk management. This safeguard helps protect traders from substantial losses on any given day.
Pro Drawdown:
The Pro Drawdown is a measure of a trader’s profits at the end of the trading day. It is updated whenever the account balance reaches a new high at the end of any trading day. This metric helps traders assess their performance and maintain discipline.
Consequences of Violating Risk Management Rules
UProfit takes risk management seriously. If a trader violates any of the risk management rules, their account will be closed immediately. Subsequently, the trader must undergo a new evaluation process to demonstrate their ability to operate within the required parameters.
UProfit Coupon Codes & Discount
Coupon codes are special codes that you can enter at the checkout page of UProfit to get a discount on your purchase. You can find coupon codes for UProfit from various sources, such as coupon websites, social media, newsletters, and more. Some coupon codes might have expiration dates, so make sure to use them before they expire.
Conclusion
In conclusion, UProfit is a platform that offers a clear and structured path for traders to prove their consistency and achieve financial freedom. The range of programs caters to traders at different skill levels, and the risk management rules ensure that traders operate responsibly. The UProfit Live Account, with its data access, free platform, and quick withdrawals, adds a valuable dimension to the trading experience. Traders who are disciplined and adhere to the platform’s rules will find UProfit to be a valuable partner on their journey to becoming master traders.
FAQ
What is UProfit’s maximum drawdown?
UProfit’s Pro Drawdown EOD, which is for the basic program, is 8.889%.
What is UProfit’s profit target?
UProfit’s profit target for each of the program’s are as follows:
- The Basic Program ($9,000) – $900
- The Advanced Program ($50,000) – $2,500
- The Elite Program ($100,000) – $6,000
- The Premium Program ($200,000) – $10,000
What are UProfit’s minimum and maximum trading days?
UProfit’s minimum trading days is 5 days, but there is no maximum trading days.
What are UProfit’s challenge fees?
UProfit’s challenge fees are as follows:
- The Basic Program ($9,000) – Monthly Cost: $89
- The Advanced Program ($50,000) – Monthly Cost: $160
- The Elite Program ($100,000) – Monthly Cost: $315
- The Premium Program – ($200,000) – Monthly Cost: $580
Does UProfit offer a retry?
Based on web search results, it seems like UProfit offers a retry.
Does UProfit offer a fee refund?
Based on web search results, it seems like UProfit does not offer a fee refund for their programs.
What is UProfit’s profit split?
According to the web search results, UProfit’s profit split is as follows:
- The first withdrawal is matched 100% by UProfit up to $15,000. This means that the trader gets to keep all of their profits up to this amount.
- After the first withdrawal, the profit split is 80/20. This means that the trader gets 80% of their profits and UProfit gets 20%.
- There is no safety net or buffer required for withdrawals. The trader can request a withdrawal after 4 profitable days of trading their UProfit Live Account.
- The minimum withdrawal amount is $100.
Does UProfit offer a scaling plan?
Yes, UProfit offers a scaling plan.
Does UProfit allow expert advisors?
According to the web search results, UProfit does allow expert advisors for their programs, but with some limitations and conditions.
Does UProfit offer a free trial?
No, UProfit does not offer a free trial for their programs.
What is UProfit’s minimum deposit?
According to web search results, it seems like UProfit does not have a minimum deposit.
What are UProfit’s brokers?
Uprofit provides its clients with powerful trading platforms such as NinjaTrader, R | Trader TM and R | Trader Pro TM.
What are UProfit’s platforms?
According to the web search results, UProfit’s platforms are as follows:
- UProfit uses NINJA Trader as one of their trading platforms. NINJA Trader is a leading futures broker that provides low commissions, deep discount commissions, and free platform access. NINJA Trader also offers advanced charting, market analytics, automated strategy development, and trade simulation.
- UProfit also uses R | Trader TM and R | Trader Pro TM as their other trading platforms. R | Trader TM is a web-based trading platform that allows traders to view market data, execute orders, and monitor their account. R | Trader Pro TM is a desktop-based trading platform that offers more features and customization options than R | Trader TM.
What is UProfit’s leverage?
According to the web search results, UProfit does not offer leverage. The trading account balance is the buying power, meaning that the leverage is 1:1. Your limits are defined by the maximum number of contracts that you can trade, which depends on your account size and profit.
Is UProfit legit?
Based on the web search results, UProfit seems to be a legit website that offers educational courses and programs for trading. It has a high rating of 4.8 out of 5 on Trustpilot, based on more than 5,000 reviews from customers who have used its services. However, you should always do your own research and due diligence before signing up for any online platform.
UProfit’s alternatives
Here are some of the alternatives to UProfit that you may want to consider: FTMO, OneUp Trader, and Funded Trading Plus.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
