Uprofit provides up to $150,000 in trading capital for its Day Program challenges. Traders must reach the 6% profit target without exceeding the 3% maximum drawdown to receive and trade in the UProfit funded accounts.
UProfit company overview
Since its inception in 2023, UProfit has rapidly established itself as a formidable player in the prop trading arena. The firm's mission is to provide traders with significant capital to trade futures markets, allowing them to showcase their skills without personal financial risk.
Here's some important information about UProfit:
- Founded in 2019
- Based in Texas, USA
- Various account sizes ranging from $50k to $150k
- Challenge prices ranging from $39 to $98
UProfit Prop Firm Specifications Summary
To give you a comprehensive overview of what UProfit offers, let's break down their key specifications in a table:
Account currency | USD |
Minimum price | $39 |
Maximum leverage | 1:1 |
Maximum profit split | 80% |
Instruments | CME, COMEX, NYMEX |
Assets | N/A |
Evaluation steps | 1-phase |
Trading platform | TradingView, NinjaTrader, RTrader, RTrader Pro |
Withdrawal methods | Rise |
Maximum fund size | $150,000 |
First profit target | 6% |
Maximum daily loss | 2.2% |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 3% |
Commission per round lot | None |
Trustpilot score | 4.6 out of 5 |
Payout frequency | 14 days |
Established country | USA |
Established year | 2019 |
UProfit Prop Firm Benefits and Drawbacks
As with any trading opportunity, UProfit comes with a set of advantages and drawbacks. Let's weigh these carefully:
Advantages | Disadvantages |
Quick evaluation process | Limited only to futures trading |
Positive reputation with high Trustpilot rating | Strict risk management rules during evaluation |
Support for popular trading platforms | - |
UProfit Funding & Challenge Price
UProfit's funding structure is designed to cater to traders at various skill and capital levels. Here's a breakdown of their key programs:
Account Size | $50k | $100k | $150k |
Subscription Fee | $39/Mo | $58/Mo | $98/Mo |
The prop firm's website does not mention anything related to a scaling program for funding.
UProfit Prop Sign-up and Verification
Embarking on your journey with this prop firm is a straightforward process designed to get you trading as quickly as possible. Here's a step-by-step guide to the UProfit registration and verification.
#1 Access the UProfit Registration Page
Go to the official UProfit website and click the "Register" button to start your account setup.
#2 Enter Basic Credentials
Fill in the form using your email and a secure password, then accept the terms to proceed.
#3 Confirm Email to Activate
Check your inbox and click the email confirmation link sent by UProfit. Once verified, choose a program and purchase it.
#4 Verify Your Identity
After reaching the profit target without exceeding the maximum drawdown, verify your account by uploading government-issued ID and proof of address documents.
UProfit Evaluation Process
The evaluation process at UProfit is challenging even for experienced traders. This ensures that only skilled traders can pass challenges but discourages novice traders from joining this platform. UProfit Day evaluation details:
Account size | $50k | $100k | $150k |
Profit target | $3,000 | $6,000 | $9,000 |
Maximum daily loss | $1,100 | $2,200 | $3,000 |
Maximum number of contracts | 3 | 6 | 9 |
Maximum Pro drawdown EOD | $2,000 | $3,000 | $4,500 |
One of the key points to remember about Uprofit accounts is the 30% consistency rules that traders must adhere to.
UProfit Bonuses and Discounts
Typically, prop firms do not offer bonuses in the same manner as Forex brokers do; instead, they often provide promo codes.
In this case, UProfit offers up to 60% discount codes on its challenges on third-party websites:
- SPRING60
- BRENDON30
- SUMMER50
UProfit Rules
The prop firm is not the most informative when it comes to the trading rules for traders, but here is the available information:
- VPN: The use of VPN, VPS, or any related tools or systems that could facilitate subcontracting or manipulation of trading operations is strictly prohibited;
- News Trading: No restrictions applied to trading news.
UProfit Prop Trading Platforms
UProfit supports several industry-leading trading platforms, catering to diverse trader preferences.
Each platform is fully integrated with UProfit's systems, ensuring seamless trading experiences and accurate tracking of performance metrics. Traders can choose the platform that best aligns with their trading style and technical requirements.
NinjaTrader
NinjaTrader is a powerful trading platform catering to both beginner and professional traders. It supports futures trading of various instruments with customizable tools and an intuitive interface. NinjaTrader features:
- Advanced charting and analysis tools
- High-performance trade execution
- Customizable interface
R Trader
R Trader is a comprehensive trading platform designed for professional traders, providing robust order execution and risk management tools. It supports multi-asset trading with customizable features for enhanced market analysis and performance tracking. RTrader features:
- User-friendly interface
- Real-time market data
- Mobile trading capabilities
R Trader Pro
R Trader Pro is an advanced trading platform offering professional-grade features, including direct market access, low-latency order execution, and comprehensive charting tools. R Trader features:
- Enhanced features for professional traders
- Advanced risk management tools
- Multi-asset trading capabilities
TradingView
TradingView is one of the most popular analysis and analytics financial tools and platforms in the industry.
This environment also acts as a trading platform for select brokers and exchanges; UProfit is one of those that have employed this platform as a trading terminal.
What instruments and symbols can I trade on UProfit?
UProfit specializes in futures trading, offering its partners access to a limited selection of tradable instruments. In total, three futures marketplaces are available:
- CME Group futures
- NYMEX energy and metals futures
- COMEX metals
UProfit Prop Firm Payment Methods
UProfit offers a variety of payment methods for purchasing challenges throughout the website:
- Credit/Debit Cards: Visa, Mastercard
- E-wallets: PayPal
- Bank Transfer: Wire transfers are available for larger amounts
- Cryptocurrencies: Bitcoin, Ethereum, and select other major cryptocurrencies
For payouts, the prop firm employs "RISE", a well-known payment processor among prop firms with support for both fiat currencies and crypto.
Based on the available data, the minimum profit amount required to receive payouts is $100. Requests are typically processed over 24 hours.
UProfit Commission and Costs
Understanding UProfit's fee structure is crucial for traders considering their programs. This platform has no commission, with trading spreads based on the model below:
- $5 per E-Mini contract
- $1 per E-Micro contract
UProfit charges no other fees except for the challenge fees that we covered before. The absence of additional trading commissions and the generous profit split can potentially offset initial expenses for consistently profitable traders.
Does UProfit Prop Offer Vast Educational Resources?
Unfortunately, UProfit's primary focus is on providing funded accounts, not on offering education materials. This means that inexperienced traders will have difficulty trading on this platform.
Traders looking for in-depth educational content may need to supplement with external resources like other prop firms, including FTMO and My Funded Next.
UProfit Trust scores
The prop firm has garnered significant attention on Trustpilot, a leading review platform for consumers. Here's a snapshot of the UProfit Trustpilot profile:
- Overall Rating: 4.6/5 stars
- Number of Reviews: Over 6,000
- Positive Reviews: Approximately 90% rate UProfit as "Excellent" or "Great"
It's important to note that while Trustpilot scores provide valuable insights, they should be considered alongside other factors when evaluating a prop firm. UProfit's high rating and large number of reviews suggest a generally positive trader experience, but individual experiences may vary.
UProfit Customer Support
UProfit prides itself on providing responsive and knowledgeable customer support. UProfit customer support channels:
- Live Chat: Available 24/7
- Email: support@uprofittrader.com
- Phone Support: +1 (844) 500-4776
Traders generally report positive experiences with UProfit's support team, citing quick response times and helpful resolutions. The availability of 24/7 live chat support is particularly valuable for addressing urgent issues that may arise during trading hours.
UProfit Prop Firm Social Media Channels
UProfit maintains an active presence on several social media platforms:
- UProfit Facebook
- UProfit Discord
- YouTube
Following UProfit on these platforms can provide valuable insights, keep you updated on the latest offerings, and potentially connect you with other traders in the UProfit community.
UProfit Compared to Other Prop Firms
Last but not least, a comprehensive comparison between UProfit and the competition is provided in the table here:
Parameters | UProfit Prop Firm | BrightFunded Prop Firm | Maven Trading Prop Firm | The 5ers Prop Firm |
Minimum Challenge Price | $39 | €55 | $15 | $39 |
Maximum Fund Size | $150,000 | Infinite | $100,000 | $4,000,000 |
Evaluation steps | 1-Step | 2-Step | 1-Step, 2-Step | 1-Step, 2-Step, 3-Step |
Profit Share | Up to 80% | 100% | 85% | 100% |
Max Daily Drawdown | 2.2% | 5% | 4% | 5% |
Max Drawdown | 3% | 8% | 8% | 10% |
First Profit Target | 6% | 10% | 8% | 5% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:1 | 1:100 | 1:75 | 1:100 |
Payout Frequency | 14 days | 14 Days | 10 Days | Bi-weekly |
Number of Trading Assets | N/A | 150+ | 400+ | 3000+ |
Trading Platforms | TradingView, NinjaTrader, RTrader, RTrader Pro | cTrader, DXTrade | Match-Trader, cTrader | Metatrader 5 |
TF Expert Suggestion
UProfit’s high Trustpilot score (4.6/5 stars), combined with an 80% profit split and a maximum funding of $150K, makes it a choice worth considering in the prop trading world.
However, strict daily (2.2%) and maximum loss limits (3%) might force traders to fail in meeting their challenges.