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Ultimate Traders Reviews

4.1 Rating 57 Reviews

86 %

of reviewers recommend Ultimate Traders

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4.1

Based on 57 reviews

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Is Ultimate Traders a good platform for beginners, or is it more suitable for experienced traders?

Asked by Harry Kroon (2 weeks ago)

If you're just starting out, I strongly recommend you to keep practicing until you’ve achieved some level of consistency—making profits, that is. Ultimate traders is mostly for traders who are confident in their skills and want to step up to the next level. But if you really want to try, some of their challenge options are not that expensive. It could potentially be a good learning experience, even if you don’t end up reaching the final stage.

Answered by Mike (1 week ago)

Is there a way to have for myself higher chances for passing classic challenge?

Asked by Louis Collins (3 weeks ago)

First of all, choosing the classic challenge already gives you a good chance of passing it then secondly I would advise you practice with the regular trading platforms and have a good level of confidence to be very successful before trying out!

Answered by BjøruSv (2 weeks ago)

There is indeed, and I hope you don't mind some reading, because I will try to share the best tips that helped me to get 10k and 100k accounts, First of all, I commend the choice, going with Classic instead of Speedy is great for learning and earning, and it shares so much experience with you about prop firms if you haven't had any experience with them. Most important thing here is - don't rush. You are trying to get an account as quickly as possible, this is understandable, but still, you should never rush, and thinking that you will get the profit goal achieved in a single trade is foolish thing to do. Even if the trade is super high quality, don't risk more than in your plan, and stable income is always better in long term than irrational waves. Another thing you need to keep in mind that you should be focused even when you get the account, because keeping the funded account is twice as hard as getting one, and you will need to maintain focus to keep the acc, keep making profit and getting paidd off it.

Answered by Otte Elshof (1 week ago)

How frequently I can make withdrawals here, and are they fast?

Asked by O. Garner (1 month ago)

Technically, you can withdraw your share of profits every 15 days, but you have to make a request to the capital provider first, which is done from your personal account. Once it is confirmed, it’s pretty much like a normal transaction with the speed depending on the method you choose

Answered by Lucas Collins (2 weeks ago)

You are able to make withdrawals every 15 days via a third-party partner. Payouts are not instant, but i would say quick. Keep in mind the profit split, so 90% of the profits generated goes to you.

Answered by Mason Cook (1 week ago)

Any advice on how to pass a classic challenge from the first attempt?

Asked by Christopher K. (1 month ago)

Look, if you have no experience in the markets and it's your practically first time trading with a capital, then you have to be ready that your first account most likely will get blown.However, it's still possible and ill give you some practical advice: First of all, it’s all about mastering your strategy. You have follow only one strategy that works for you and make rules to stick to them. Never go against your rules, otherwise emotions will control you.Secondly, don’t overleverage. Take one trade a day and leave the market. This is one of the best piece of advice that i can possibly give you because many novice traders overtrade or even revenge trade expecting to pass the challenge in one day. Better to trade less but consistently.Finally, risk management. I recommend risking only 0.5-1% of your account size for each trade. This way you will have room for your drawdown and pass two phases comfortably.

Answered by Ingolf Hein (3 weeks ago)

What do you think the benefits of taking a speedy challenge there, is it more easier or more difficult to pass it?

Asked by Elvan R. (1 month ago)

It’s certainly more difficult as the drawdown rules are lower. I thnk it’s for more seasoned traders who already have experience in prop trading.beginners will sttruggle

Answered by Viktor Eklund (1 month ago)

Can you tell from experience the best strategy I can use to pass the ultimate traders assessment phase?

Asked by bittman (1 month ago)

Here is the secret: use small lots 😀 It’s not much of a secret, right!? The main mistake newbies make is to use large position sizes to get the challenge over as soon as possible, but most of the time this leads to breach of the rules. So, the best thing you can do is to lower down your lots, and don’t rush… don’t put a deadline on your challenge, this won’t work well for you. It will only increase the pressure on you to chase some unrealistic goals. The market conditions are different everyday, so you can say this week I am going to earn 5% or something. You need to adapt to the market, sometimes you can make 5% in a day, but for sure there will be days when the markets are slow and there are no trading signals, so it is best to avoid trading at all. I understand I didn’t give you a strategy, but this is more important than a trading strategy.

Answered by ADiarmait (1 month ago)

Anything weird or uncommon that I should worry about with Ultimate traders?

Asked by SolMateo (1 month ago)

Quite a lot of things, every prop firm is different. First thing I've seen people complain about is that to get the best 90% profit split afterr the funded stage, you need to select it beforehand. Otherwise you will get 80%. So the marketing saying to you 90% is a tad misleading. Other thing is, speedy challenge is harder not only to PASS, but to MAINTAIN account as well, almost 2 times harder, so its not worth it in any way, unless you are like Warren Buffet or smth.

Answered by Alonsosarr (1 month ago)

What are the other trading rules that UltimateTraders demand to comply with for passing their challenges, except the usual max.drawdowns and profit targets?

Asked by Joshua (1 month ago)

I mean... not dropping the price bellow the level is half of the burden, the real challenge is actually making that 10% profit on the first and 5% on the verification phase. Besides, you have to put a stop loss on your trades, but you can cancel this rule for some price, the same goes with weekend trading it can be bought, and I think it's fair. Trading with SL is responsible and a sensible thing to do, so no issues should arise. Also, you should trade for at least 3 days, and this to ensure that you are not getting away with one lucky trade where you made 10% by risking too much, because luck is something that comes and goes, but strategy is solid and stable. One more thing to add is the withdrawals, and you are able to get them once a month, so you have to base your needs accordingly.

Answered by Alian (1 month ago)

They don't have actually the profit target other than 10%, as far as I know? The issue is not with 10%, but with drawdowns. 10% any trader can get, it doesn't even take luck, its just a couple good trade. But the 6% daily drawdown is hard to never have. Also, they restrict multiple accounts. They track IP and if you register a 2nd acc, that is a violation. Which idk why is that, because you can have multiple funded trading accs, but all from 1 address and 1 account only.

Answered by Diogo Gomes (1 month ago)

What would you comment about the spreads? Is there any difference between when you trade for the assessment and when you start trading on a funded account?

Asked by a. alonso (2 months ago)

This is a legit question… I had the same doubt when I was starting out, but I couldn’t find any comments on that. So, the best way to find out was to give it a try, which I did. As you probably know, spreads are a dynamic category, and they depend on many factors, but mostly on the market conditions. However, I couldn’t spot any significant discrepancies related to the spreads when I was trading on the challenge account and later when I moved trading with a funded account. I think the challenge account perfectly replicates the market conditions, so expect the spreads, execution, and other technical aspect to be pretty much the same when you switch to a funded account.

Answered by Armando A. (1 month ago)

Solid question, and the answer is - no. There is no difference between trading on a funded account and for the challenge, because these two are designed to be the same. The only difference there is in your head, because a person might take a different and more safer approach to trade on funded account. So the spreads are the same, the rules are the same, and the losses will be the same, but approach would be diffeerent because it's not easy to be cold minded when trading on like funded account with 5 or 6 digits... So don't worry about the spread, the same✌️✌️

Answered by TheFernandes (1 month ago)

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 (4 months 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 (4 months 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 (5 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 (5 months 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 (4 months 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 (4 months ago)

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

Asked by Hegio A. (5 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 (5 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 (5 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 (5 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 (5 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 (5 months ago)

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

Asked by Raymond Herbst (6 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 (6 months ago)

Am i allowed to have 2 or more trading accounts?

Asked by Ignacio Davila (6 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. (6 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 (6 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 (7 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 (7 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 (8 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 (7 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 (7 months ago)

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

Asked by Adan R-s (8 months ago)

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

Asked by Honor Travieso (9 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 (9 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 (8 months ago)

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

Asked by Rafael Salazar (9 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 (9 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. (8 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 (8 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 (10 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. (9 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 (9 months ago)

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

Asked by William Manuel (10 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 (9 months ago)

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

Asked by Christopher N. (10 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 (10 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 (10 months ago)

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

Asked by Arturo S. (11 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 (10 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 (10 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 (1 year 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. (1 year 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 (1 year ago)

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

Asked by Pablo Berrocal (1 year 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 (1 year 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 (11 months ago)

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

Asked by Pedro Crespo (1 year 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 (1 year 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. (1 year 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 (1 year 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 (11 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 (11 months ago)