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Ultimate Traders Reviews

2.3 Rating 95 Reviews

34 %

of reviewers recommend Ultimate Traders

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2.3

Based on 95 reviews

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What do you guys think about swing trading to pass the challenges, is it worth buying an add-on for it?

Asked by Thiago R (1 month ago)

I can't give you a one hundred percent recommendation, but I know what you need to do to test it on your own experience. You can use demo account on any trading platform. Try to trade for about a month and then compare your statistics with requirements set by Ultimate Traders. This way you can understand if you need to change something or if you already have suitable trading style

Answered by Lic. Diego (1 month ago)

What should the monthly profit goal be when trading with a $10,000 account size, which is the one I intend to use with Ultimate traders? Do you think that making $1000 monthly in profits is possible with this account?

Asked by Luciano Balderas (2 months ago)

I believe yeah, it's quite possible, but it depends on other parameters such as your personal risk tolerance, leverage size that you are aplnning to utilise and so on. If your acc is $10k, then according to the rule of thumb - position size is $200-$400. If you add there leverage that they offer, then you can earn good sums, even though don't think that trading is about profits only.

Answered by Justin Baloyi (1 month ago)

With a $10000 account, shooting for a monthly profit of 2-5% ($200-$500) is a feasible goal. Therefore 2-5 % is generally the sweet spot. Aiming for $1000 a month on a $10000 account with Ultimate Traders is a solid goal and possible, but it’s on the ambitious side. Somewhere around $500 is more typical and a bit more sustainable in the long run. If you’re comfortable with risk and have a well-planned strategy, that $1000 mark could be within reach. I usually call for being more cautious though!

Answered by Faraji (1 month ago)

Well, if you are going to use high risk strategies, then it would be possible to get 1000$ monthly but sooner or later you can lose your deposit at this pace. On the other hand, using 3-5% of risks from your initial deposit won’t be enough for making significant profits and making 1000$ easily. You better take another account with a larger deposit. Anyway, everything is in your hands, pal!

Answered by Kamar_Foster (1 month ago)

I wonder, does anyone passed the assessment and do they provide transparent trading conditions for everyone?

Asked by Hegio A. (2 months ago)

The conditions are the exact same ones you used for the assesment. Plenty of people passed, but the percentage I would guess is around 5% or even less, its just that even more people tried. Not sure what you mean by 'transparent' but just go for T4Trade and trade with them for a bit, that is also a way. Also same conditions there as at real account wiith Ultimate traders.

Answered by Darren (2 months ago)

So If I want to complete a Challenge, as I understand it its easiest to do with Classic option, and try the Safe H1-H4 strategy on the safest possible pair mby like CHF pairs or some CAD pairs, right or am I getting something wrong here??

Asked by Omar Mansilla (2 months ago)

Understanding of the use of the classic challenge with a safe H1-H4 strategy on relatively stable pairs like CHF or CAD pairs is on the right track but there are a few things to know such as:1. classic challenge offers a simple approach2. Focusing on CHF or CAD pairs makes a risk conscious strategy.3. H1-H4 timeframes for safety.it is also best to avoid illiquid market hours and watch major news events

Answered by Shawn (2 months ago)

This is a solid approach to completing a challenge.Classic approach is usually a simpler way and there is the absence of complexities.H1-H4 timeframes target medium -term setups and balance the lower timeframes of daily or weekly charts. This can help to identify trends and volatile spikes, thereby managing risks.The CHF and CADare less volatile, makes sense for a risk conscious strategy.

Answered by Marcos (2 months ago)

Buddy, I think you know what to do! Everything you wrote sounds like a really good option to pass assessment. The most important thing you should pay attention to is the level of risk. I recommend that you take calculator and set stop losses for each trading order. This way you can avoid large deposit drawdowns. And at the same time you will receive some income

Answered by Thapelo (2 months ago)

Why is there a classic challenge when everyone prefers the speedy one?

Asked by Raymond Herbst (3 months ago)

Well, As far as I know a classic challenge is suitable for those who came into the trading field recently because as you can see the conditions and rules in a classic challenge are more simple and not strict like on a speedy one. Probably because there're a lot of traders coming to the Ultimate Traders company with a large trading experience.That’s why most of them are choosing a speedy challenge.

Answered by Jamba (3 months ago)

Am i allowed to have 2 or more trading accounts?

Asked by Ignacio Davila (3 months ago)

Of course, man! As far as I know you can have more than 2 trading accounts and you can even check it out on their official website in the FAQ section! It would be nonsense if they prohibited it!

Answered by Rodrigo I. (3 months ago)

Well, according to my experience when I paid for 3 three different trading accounts, it is legal to have more than 2 of the funded accounts in the Ultimate Traders company! I don’t see any problems!

Answered by C. Marroquin (3 months ago)

What is your experience with how Ultimate Traders handles payment processing? Is there anything out of the ordinary I should be aware of before starting to trade with them?

Asked by Mateo Henriquez (4 months ago)

I think they use Deal for withdrawals and you have a limited amount of withdrawals a month. At least that was the case before. At this moment they could change something so it’s always useful to talk with the support agent to clear things out

Answered by Louis Nkabinde (4 months ago)

I see that classic has two stages to pass, and speedy has one stage to pass, is there also a super speedy with no passing stages?

Asked by Daniel Ruiz (4 months ago)

Hahaha... I also wish man... I really wish. Unfortunately for the both of us, we can only use one of the two that you mentioned. But wouldn't that be cool? It will be very expensive though.

Answered by Negrete (4 months ago)

ahhahaa, I WISH!!!! Even speedy though, I would not recommend starting, it seems easier but it's actually harder to pass through. The limited drawdown is what really gets you.

Answered by Jorge Soto (4 months ago)

Is leverage the same 1:100 for forex and crypto?

Asked by Adan R-s (5 months ago)

What are the hidden rules of withdrawals that nobody talks about?

Asked by Honor Travieso (5 months ago)

Yea I got one for ya, the max drawdown goes up along with the profit up to 100k. So if you made 20k on a 50k account, and your balance is 70k right, now your max breach is now at 61,600 - instead of 44,000. So when you are withdrawing, make sure it is not very close to your daily breach because you need some money to take risks.

Answered by Francisco Torres (5 months ago)

One rule that makes me absolutely sad is that you can withdraw only once a month Trading plan should be set according to this rule now, gotta change.

Answered by I. Almonte (5 months ago)

What challenge would you recommend to choose for a total noob trader like me?

Asked by Rafael Salazar (5 months ago)

My man, choose classic one. Trust my experience, this is exactly what you need This way you will smoothly and without problems understand how everything works and you can start using service as a Pro

Answered by Bruno Bravo (5 months ago)

Go with the classic challenge and don't think of choosing a speedy one. Basically, prop trading is for those traders who have already acquired certain skills in this sphere, however, if you are a total noob, you can go with the classic challenge and test the waters, so to speak. Requirements for passing the challenge are quite balanced and meeting them isn't a very difficult thing, but again, only for those who at least have a month of experience in trading. You can also chat with the client support of the firm, they can help you to understand whether you should try it or not.

Answered by Roger M. (5 months ago)

My first advice is get your self-esteem better man :D Everybody was a beginner at first. Also, choose a $5k classic at first and try to meet the limits, good lock!

Answered by Dante Sauceda (5 months ago)

If I'm a beginner trader, is it possible to pass their challenge and which one would you recommend me to choose?

Asked by Jose (6 months ago)

Actually, prop trading isn't recommended for beginner traders just because to pass through an assessment, you must understand basics of margin trading. However, you can try by opting for Classic challenge as it's more comprehensive. The one who doesn't try never achieve goals, remember this. Conditions here are pretty much favorable for traders of different levels. So, give it a try!

Answered by Arturo C. (6 months ago)

Yeah, you can start working with them and ofc it's better to kick off with the Classic challenge. Everything is because it's a more expanded type of challenge available on the platform. Speedy is the one for professional traders who can easily live up to the profit target and maintain deposit size on a stable level without drastic drawdown. Rookies apparently make more mistakes, so Classic challenge can be an option for you. Don't be afraid of breaching the rules, as far as I know, they give another chance but you will have to pay the fee once again. They suit rookies, but be careful.

Answered by Ricardo Tejeda (6 months ago)

Can I trade and make small profits using small lots and low leverages?

Asked by William Manuel (6 months ago)

Thats what they're trying to teach you to do, but I think its better to go a bit bigger than 0.01 for example. After all, they have a profit target you NEED to hit to complete the challenges. Thats why they have a time-scale for you, and a % of profit they need. Staying profitable with higher percents is harder. Thats how they weed out the weak who are on 1-1,5% profits per day. After you pass with them and get funded though, and receive $10k-$400k to trade with, obviously nobody's gonna punish you for trading small and being extra safe. Not 0.01 lot tho, again.

Answered by Javier Aguilar (6 months ago)

Are there any proven strategies to pass the challenges quickly and without hassle?

Asked by Christopher N. (7 months ago)

Every trader... successful trader, has his own technique. It is usually a combination of strategies which include risk management, analysis, and so on. If you want to be done with the valuation quickly, then scalping seems to be a good option. You can use high leverages and very short moves in the market. Your goal is to maximize the profits you get from gathering little pips, which, when executed properly, will turn out to be a big profit. But take your time and do whats right.

Answered by Guido Saldivar (7 months ago)

Yes, there are two: Buy Lower and Sell Higher, and the opposite. I'm sorry, mate, but there is no specific trading strategy designed just for passing the challenge. The challenge itself is just like regular trading. You should use the same strategy you intend to implement while trading for the challenge, too. If you don’t have a working trading strategy yet, then it is probably wise to work on it first rather than jumping to prop trading.

Answered by DiegoPagan (6 months ago)

Is there anyone who has actually gotten that much profit(90%) from the platform?

Asked by Arturo S. (7 months ago)

The broker is really clear about that. The gains split is a 90/10 percent between the trader and the firm. Everyone has that percentage split and it is not a question of if someone has got it. Once you make it to the funded stage, that is what you have.

Answered by Dr. Sergio Moreno (7 months ago)

No, but I wish I could make such profits, sincerely speaking. My profit payouts are a bit lower, around 85% but this is okay for me. I trade here daily and it's cool that they provide a pre-funded account which you can choose and trade way bigger volumes that you can afford yourself! I am satisfied with their services and I ain't chase profits, as honing trading skills is more crucial.

Answered by Santos Vazquez (6 months ago)

Was it tough for you to pass through the challenges and which of them have you chosen?

1 Helpful Report

Asked by Anthony Gounden (8 months ago)

Come on, the challenge is reasonable and doable. Whatever you choose, the classic or the speed one, the difference is only in the days it will take to pass it. I took the classic challenge, just to have more time spent to get accustomed to the rules and style of trading. I have some advice for you on how to make the most of it. First of all, think that the challenge is doable and it is not hard to do. Second, where most people fail is to take the time you need. Don’t compare yourself to others if you read somewhere that they passed the challenge in a week or so. Don’t limit yourself. Take whatever time is needed. A few days difference does not change anything. With this, you will eliminate the pressure to finish faster and avoid stupid mistakes. That’s it.

Answered by Fidel C. (8 months ago)

I chose the Speedy one. When you asked if it was tough, I would say that they are equally tough; the only difference is that with this one, you can pass it quickly. However, it is recommended that traders only take this approach if they have experience trading with a prop firm and are comfortable trading with rules. Otherwise, if this trading style is your first time trying it, it is better to go for the Classic challenge and take as much time as needed to pass it and get comfortable with the rules.

Answered by Josep Cruz (8 months ago)

Can I change my trading strategy if I already trade with this company?

Asked by Pablo Berrocal (9 months ago)

Wait, you are trading with a single trading strategy!? Well if it works then there is no need to change anything. But probably something is not working since you are asking this kind of question. Let me first clear your thoughts regarding the use of trading strategy and Ultimate Traders. There is no limit regarding the strategy you employ, or how many strategies you use simultaneously. However, every trading strategy works in certain market conditions. So trading with different strategies and aligning with the current market condition is recommended. Maybe the strategy you trade is meant to be a trend continuation strategy, but the market started to range and consequently, the set up will not work.

Answered by Nayakane (8 months ago)

I'm not entirely sure what you mean by "trading strategy," but I get the sense that your definition differs from mine. :) There are no limitations from Ultimate Traders regarding the trading strategies you or anybody else on this platform use daily. Also if you suddenly decided that your strategy doesn’t work anymore and want to change, nobody would say anything. You are free to trade whatever you like, however, you like, as long as it is within the trading rules.

Answered by Roberto Contreras (7 months ago)

What is the most optimal plan to choose to become a funded trader?

Asked by Pedro Crespo (10 months ago)

Hmm, actually it depends on how ready you are for this type of trading. I mean, trading large amounts of money can be psychologically challenging for a trader. So I recommend you to start with the smallest amount of money. But if you are emotionally stable enough and ready for this type of trading, then of course you can choose the highest amount. Thanks to this your income will be the biggest. I hope my advice will help you.

Answered by Lindiwe Vorster (10 months ago)

I think you should choose Classic Challenge and by passing it, you will prove that you are able to manage money. After completion of the challenge, you will get the same account with money and trade for profits as a managing trader.

Answered by Santiago T. (9 months ago)

What happens if I pass the max drawdown limit?

Asked by Pablo Guzman (1 year ago)

You'll get a hard breach, meaning that the account will be deactivated or as the company states, there'll be a read-only mode. But, things happen, so Ultimate Traders are those who give second chance in case of failure. You will be able to open another account after paying the fee. Feel free to get acquainted with their FAQ section, all information is conveyed transparently, bet you won't get confused.

Answered by To Patel (11 months ago)

Well... what do you expect? You would lose your trading account of course. But it is not all bad news as you will still have your profits still. The downside is that you would have to pass the veluation stage again, which I think is a good thing because of change in market trends and volatility and liquidity. So yeah... the obvious happens, but you still keep all of the profits you made form trading.

Answered by Quinto Capo (7 months ago)

How to define which account size to choose under the management? It depends on the risk tolerance, or what?

Asked by Leonel N. (1 year ago)

I think so... It also depends on your initial financial capabilities, because you need to pay a fixed fee for choosing the plan. The bigger account from the point of size you are considering, the morem oney you should pay for it and only in case of successfull evaluation stage passing, you will have a chance to get a refund. I believe that it's pointless to take $400k account if you objectively realize that your skills leave a lot to be desired. It's better to start with smaller accs.

Answered by Mariano Velasco (1 year ago)

Regarding risk tolerance, it doesn’t matter whether you are trading with a smaller or larger account size. In prop trading, a larger account size means a larger potential for gains. But usually the price tag depends on the account size, so probably the best way to decide what account size you want to trade with is according to your budget.

Answered by Fidel Salcido (7 months ago)