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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.
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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.
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 👍
I've been looking for a long time for a prop company that offers suitable conditions for me to show what I have got.I admit this is the best prop company with favorable conditions.
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.
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🤷‍
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!
As it turns out, passing assessment was easier than it looks.
I just traded carefully and didn't take unnecessary risks.
And finally got positive result.
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.
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.
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!
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.
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.
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.
Just got my confirmation about my funded account! I went through the classic challenge because i was not in a hurry, plus the targets were pretty simple to hit. It's going to be great.
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.
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 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.
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.
It's great that company has made sure that customers have all information about rules.
No matter how you feel about rules, it's much better when you know about them in advance.
When I compare this prop trading platform to other prop trading platforms that I have come across in the past, I appreciate some of the freedoms 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.
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