Check out our latest communities fighting
AI scams on Reddit and Facebook
On SmartCustomer, businesses may not offer incentives or pay to remove reviews. Learn more about our Review Guidelines.
Ultimate Traders has a rating of 4.7 stars from 112 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Ultimate Traders most frequently mention classic challenge, trading firm and funded stage. Ultimate Traders ranks 10th among Personal Finance sites.
We monitor reviews for authenticity
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.
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
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.
Hi Patricio P.,
Thank you for your positive feedback! We appreciate your support.
Ultimate Traders
Trade our Capital
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!
The features offered here are very functional and not just decorative, especially the analytical features and tools they have proven to be very effective!
Prop trading is by far the best way to make money, in Forex especially. When you see PAMM accounts or copy-trading accounts, the most succesfull ones trade with $200-$300k, up to a $million. But usually have just 1k-4k of their own money. Ever wonder why? Think.
They can have unlimited number of accounts, but they dont have unlimited money. It's as simple as that.
These guys give you a chance at that life with $49, basically. A price of a steam game. No need to network, to find your own investors, to prove yourself year after year, jsut grinding.
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.
Trading on this platform is not easy per se, but there are a lot of benefits that I have for using the platform, such as the 90% profit split. That is just wow.
The platform provides access to various instruments and good leverage. The trading limits are also fair in my opinion, and very workable.
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.
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
I chose a speedy challenge for passing the assessment and fortunately I passed the challenge but to be honest the rules of this challenge are really strict.
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.
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.
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.
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.
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.
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.
In my opinion, those requirements imposed by the firm for traders are cool enough. However, I wish there was at least oe more trading platform. Just a kind of alternative.
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.
Answer: Its very harsh. The 6% drawdown especially, literally if you make 3-4 bad trades in a row (or just unlucky), that could be that. Then again, they are not required to give money to traders who can't account for bad luck. They only want best of the best, so makes sense.
Answer: In terms of complexity, a classic challenge is better because it’s easier to follow the risk management rules, even though it takes 2 phases to complete the test fully. On the other hand, a speedy challenge is less time consuming, you need to complete only 1 phase and you’re done. However, it requires to follow rules of a strict max drawdown, otherwise you’ll fail the test.
Answer: Its not hard. There's 500 ways to do it, but for me, what worked, and I've seen others talk about it too, is: you identify the trend. And ride the trend. All of last year it was XAU growing. You can enter on any pullback, and chances are, you won't have big drawdown, and instead eend up with a W. Same with EUR/USD, was growing entire last year, with objective factors. Oil dropping entire last year... If you're trading shorter timeframes, probably different outlook. Should go to speedy challenge then mby...
Answer: The reason is simple, with speedy challenges you are able to get funded much quicker. Why are we trading with prop firms? It's all about getting funded eventually and starting to earn money, but we can't just jump in right away. We have to pass the challenges to show that we are good traders and have skills to manage those big trading accounts. The classic challenge involves two step challenges, each one with its own profit targets that you have to accomplish in order to pass. However, it’s not that easy and it may take up to two months just to pass those two assessments. On the other hand, ultimate traders also provide their traders with speedy challenges. Sure, it costs a bit more, but you only have to complete one assessment instead of two, which means you can get a funded account much quicker. Typically, it takes about a month to finish, which really cuts down your trading time compared to the classic route. At the end of the day, it's up to you to decide, both of them are good as long as you will put your max effort to pass them.
Answer: Yep - it's simple. You don't see million of info and some hidden stuff. You can open the FAQ and read the limitations and rules, and that's what you follow. For me personally the limits seem nice too, for a classic with 6% daily drawdown and 12% overall allows more flexibility and it's more fitting for beginners. And costs, those are nice too. I think that's one of the few props which uses 3rd party gateawat to transfer payouts, and that even makes them more legit because that company ensures that funds reach its destination. The disadvantage is that that payment takes some comissions, but Im willing to pay for the security of my funds. They are here long enough to have earned their reputation, and that's one of the reasons as well. Sorry if you wanted one reason, I gave you some haha
Answer: MT4, which is a well known trading platform that has been there for years. I guess any trader knows about this platform, and most people already interacted with it. So, it’s great that they chose this platform, as you don’t need to adapt for it, and can instantly get to trading part without issues. However, if you have never traded with MT4 before, then I would recommend you getting to know it first by opening a demo account. After you get comfortable, you can start trading challenges.
Answer: I think the trading strategies don't make any difference in the type of challenge you take. The only difference between the classic and speedy challenge is in the profit goal you need to achieve and get a funded account faster, and of course in the price for the challenge. As for strategies, the best is to use the one that you are familiar with, have experience with and you know it is working.
Answer: Yeah, it’s right. All you need to do is to manage to reach a funded stage and they will refund the fee you paid for the challenge. It will be done in a first withdrawal, basically the most fascinating thing in the whole prop experience with them. When I used to have a 10k funded account there, I received my 100 bucks in this way. I made my first 2 RR trades, ask for withdrawal via deel and get around 240 or so, excluding the 20% split that was kept by the firm. Thus, basically traded with only company funds, not spending a single cent.
Answer: Yes, you can do so from the client are. However, these are some things you should know: You need to trade for at least 3 days and your payout should be over $100. Also, you are eligible for a payout every 15 days, and it would be done through a 3rd party which may take comission for its services.
Answer: If you want to get funded faster, then a speedy account should be your choice. However, there's one minor thing - your skills. If you have a decent strategy and experience with the market, then you can feel comfortable in a speedy challenge. But if you are still learning and practicing, then it would make things difficult for you. Mainly becasue of the daily and overall drawdown limits, those are much tighter on speedy so the difficulty rises significantly. This is why I thinke experience matters, if you are still new to trading or props, then you should go with a classic challenge that allows you much more room for error - because there is going to be error.
Ultimate Traders is a prop trading firms that offers trading challenges for traders to prove their skills. After the completing of a challenge, traders will be given a funded trading account to trade with our funds and keep up to 90% of the profits generated.
Gain trust and grow your business with customer reviews.
Claim your free account
Gain trust and grow your business with customer reviews.
Claim your free account
Hey Barry S.,
Thank you so much for your great review. We appreciate your feedback and glad you had a positive experience.
Ultimate Traders
Trade our Capital