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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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Not flawless. Like many things trading. Id say more than 90% of people don't have the skill, and the ppatience to go through a qualification here. But for those 10% that can be stable for 1-2 weeks of trading, at the very least, its a good option to improve the risk-reward very substantially. When you stop trading with your own money, its a revelation.
Sorry to compare you guys to the turtle. But I mean that from the way of like stability LOL. You were here years ago and still here, it's only done by offering solid services and clear rules. Also, it's about pricing, keeping them low means people would be interested. Still dunno why mt4 is the only platform, but i guess you guys have a clear reason.
One negative is the platform offered by another platform. I am not against MT4 or another provider, its just that MT4 is a bit old, and thats my personal view. With MT5 at least things could have been better. But the best thing to do is create their own prop platform and that allows them to integrate more services like analytics and education if they are planning such.
Nice to know that they are not rising costs and changing their rules, those are nice and a big reason why people choose this prop. It's affordable, simple and reputable.
Hello Seamus M.,
Thank you for sharing your review. We're pleased to hear that you had a positive experience with us. We appreciate you taking the time to share your feedback.
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Not being criticizing, but it sems to me like mt4 in this year is a bit old, this is why I would like for UT to build their own platform with TV charts and all that.
To be honest they still have very nice prices, but also good conditions for passing the challenge, and thats what i appreciate the most in this prop, keep it down ;)
Hello Peter B.,
Thank you for your valuable feedback on our team’s performance. We’re thrilled to hear that you’re enjoying your experience with Ultimate Traders.
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In my humble opinion it is one of the best, if not the best (to me), prop trading firms... here is why:
-affordable challenges
-polit and reponsive customer suppport
-trading rules that are not desinged to fail traders, optimal
Therefore, high rating from me, I recommend...
Hi Benton D.,
Thank you for your amazing review! We wish you success in your trading journey with Ultimate Traders.
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Honestly, I panicked a bit because it's only my second time working with a prop trading firm. The first experience wasn't the best because I encountered a lot of hidden pitfalls. Nonetheless, the situation here was different and without big surprises.
I read all their rules clearly and there was nothing suspicious about their assessments. I picked a classic challenge because it's much easier than a speedy one. Yeah, I have to complete two phases but it's fine. A few days ago, I finished my 1st stage without losses. Wish me luck in the 2nd stage. I'm almost there!
Hello Martha G.,
We’re thrilled to hear that you’ve enjoyed our trading conditions and that our support team has enhanced your experience with Ultimate Traders. If you ever need assistance or have any questions, don’t hesitate to contact us at [email protected].
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I was undergoing phase 2 on my classic 100k challenge, and... got triggered my sl orders, all 3 of them, coz the dradown was close to the 4,5%, so I had to stop trading... otherwise I d violate max 6% daily loss limit here. Thanks to that I managed to get properly to the funded stage.
Now managing the money, rand getting profits, what a ride
Hello Walker G.,
We are thrilled to hear that we've met your expectations! Thank you for your feedback, and we wish you continued success with Ultimate Traders!
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I think it's pretty good. What was an attention grabber in the first place is trading conditions. First, they allowed news trading through an additional package with $20 paid if I'm not mistaken. Secondly, good leverage and max drawdowns. During the challenge, I didn't face any hidden rules that support didn't tell me, which is already great. But for sure the destiny of this prop was determined on the funded stage, once I made my first withdrawals.
It was a peculiar process through the deel, but who cares, when payouts arrived!
Hey Aidan M.,
Thank you so much for your great review. We appreciate your feedback and glad you had a positive experience.
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4th try, I think i'm horrible... And the lowest tier too, without max payout =/
Long way ahead tho, im sure with practice its gon get better
Hi Tom V.,
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Just got $5k challenge and hope everything will go as planned. As for the trading rules, all is clear. Hope it will stay like that. 90% profit-sharing ratio is very generous
Hi Kalle K.,
Thank you for your positive feedback! We appreciate your support.
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I was looking for a reliable prop trading firm for enough time and finally I stumbled upon Ultimate Traders. Seeing that they're headquartered in the UK gave me peace of mind. Not many companies are able to meet all the requirements of this region.
Regarding the terms and conditions, they're transparent, nothing suspicious. I selected a classic challange, started with something simple, chose an account with a $10,000 balance for $99. By the wya, their customer support was very responsive, I asked probably 20 questions, and they gave extensive answers on all these.
Dear Bjorn A.,
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Not a long time ago I received my first payout and now 2nd. Actually, great place to be funded. 12% max loss ensures having account for long, payouts as you see, regular
Hello Brendan B,
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Dont complicate. I just longed markets. October was red, still came out on top. General move is always up. If you dont fight the trend, challenge is not that hard.
Dear Marcus I.,
Thank you for choosing Ultimate Traders as your prop trading firm. Greatly appreciated!
Ultimate Traders
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If you're into prop trading-this is a good choice. I got interested in the concept itself first, then read about ultimate traders, passed the challenge-it was classic, was tough for the first time but i did it and got funded.All's reliable.
The 6% drawdown for the speedy challenge is quite a razor sharp though, maybe make it less so but at the same time it's challenge, right...
Hi Sven L.,
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I think its safe if done correctly. There is a way to run evaluation phases on a demo account with a broker first, I just set the rule for myself, and seen if I can not get a drawdowns while getting the profits.
I think if its done without any traning, its too hard. I trained a whole lot tho, felt safe taking the eval. Recommend doing the same.
Hi Finn R.,
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You can find account sizes from $5k to $200… you can get classic or a speedy challenge. This makes this prop-trading platform attractive to all kind of level of experience… for newcomers, to experienced like me who don't want to spend much time on the challenge and want to trade with a large account 👍
Hey Victor V.,
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There was a choice between a speedy and a classic challenge. As you understand, I went for the former because I didn't want to waste much time on the test period. On a speedy exam I had just to hit a 10% of the profit target. Not gonna lie, prices on speedy accounts are biteful from my perspective, but it's worth it cuz payouts reach up to 90%.
Hello Jack O.,
Thank you for sharing your review. We're pleased to hear that you had a positive experience with us. We appreciate you taking the time to share your feedback.
Ultimate Traders
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It was my first time when I decided to try the 100k challenge. Before, I used to sit on smaller accounts, funded but still not enough to see the whole prop trading is worthy. Yeah, paying 100 bucks and 500 bucks has a difference. I can't resist their sweet conditions, 12% allowed drawdown gave me confidence that I won't screw up the challenge and get my 500 back. Trading itself on mt4 was smooth. Certain assets were missing, like futures. But the main term of no hidden rules was complied with.
About payouts after a 2 month evaluation competition. They pay and do it 1/mo
Hi Kevin K.,
Thank you for your valuable feedback. If you run into any issues or have further concerns, please don’t hesitate to reach out to us at [email protected].
Ultimate Traders
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Currenly on phase 2 on the way to 50k funded stage... i careully trade using S and R on intraday, not every day, only when a great set up pop ups. I choose major FX pairs, u know them... I am super cautions with SL and leverage and position sizin - I have to be so, gotta not exceed 6% daily loss here... so far so good, slowly step by step gridning toward the final stage
Hi Viggo V.,
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Honestly pretty solid choice for someone just starting out. They has this 2 phase challenge thing which sounds intimidating but they give you no time limits so you can take forever lol
Hello Olli H.,
We’re thrilled to hear that you’ve enjoyed our trading conditions and that our support team has enhanced your experience with Ultimate Traders. If you ever need assistance or have any questions, don’t hesitate to contact us at [email protected].
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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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Dear Magdalene J.,
Thank you for choosing Ultimate Traders as your prop trading firm. Greatly appreciated!
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