Uprofit Trader was founded by Lindsay Duff in 2017; it transitioned into a proprietary trading firm based in Texas, USA, in 2019.
Uprofit’s legitimacy is verified by more than 6,000 day traders around the world in Trustpilot. Uprofit has minimal and flexible rules and provides excellent customer support.
Uprofit offers a 1 step evaluation and multiple account sizes to choose from, and their live account requests only one one-time fee. However, Traders at Uprofit Trader can operate only two trading accounts at the same time, and they have to respect the daily loss limit.
Uprofit offers 4 account sizes with different prices. When the trader buys a trading account evaluation, to start the challenge, the day trader uses the login credentials received via email to set up Rithmic and trade on the platform of their choice.
Uprofit has two main rules during the evaluation: don’t reach the Trailing Threshold and don’t hit the daily loss limit. Traders must also trade certain instruments during set trading hours, and follow a consistency rule.
In this article, we comprehensively review the Uprofit Trader prop firm and we offer essential information to help you begin an evaluation with Uprofit.
what is Uprofit?
Uprofit Trader was founded in Texas, USA by Lindsay Duff in 2017. It transitioned into a proprietary trading firm in 2019. It offers futures traders access to funded trading accounts upon passing a trading test called an “evaluation program”.
A prop (proprietary) trading firm is a company where traders use the firm’s money to buy and sell financial assets like stocks and futures. The goal is to make profits for the firm. Unlike other financial firms, they don’t manage clients’ money. They often have programs to test and improve traders’ skills.
who is Uprofit Trader’s founder?
Lindsay Duff is the founder of Uprofit Trader and Responsible Day Trading, platforms designed to provide funded trading accounts and stock market education. Transitioning from her early career as a bartender, Lindsay seized an opportunity to enter the trading world, despite no prior experience. Her journey led her to create Uprofit in 2017, aiming to help traders avoid financial pitfalls and succeed in the trading arena. Through Uprofit, Lindsay offers a user-friendly platform, facilitating traders to make informed investment decisions and access funded accounts for trading, significantly impacting the trading community.
What makes Uprofit Legit?
Uprofit Trader is seen as a trustworthy platform based on user reviews. It has a high rating of 4.8 out of 5 from more than 6000 reviews. Users like Uprofit for its fast evaluations and responses. They also like the quick payout process, with some getting their money as early as the first day of trading. The platform has simple and clear rules, which users find good. Uprofit’s customer service is also praised for being helpful and fast. The firm lets traders use accounts with funds, and helps them manage risks well. These points make Uprofit a legit and well-liked platform in the trading community.
Uprofit Trader has been criticized for its high trading test costs, sudden changes in payout policy including a newly introduced 30% consistency rule, and lack of transparency in communicating these changes.
Does Uprofit send payouts to its traders?
Uprofit sends payouts to traders. In the US, it uses ACH. Elsewhere, it uses international bank transfers, PayPal, or cryptocurrencies. Traders can ask for a withdrawal after they have 4 winning days. Payouts are handled Monday to Friday, between 09:00 ET and 16:30 ET.
Does Uprofit have good User Reviews and Testimonials?
The user reviews and testimonials for Uprofit Trader are overwhelmingly positive. On Trustpilot, Uprofit has a rating of 4.8 out of 5 stars, based on over 6000 reviews. 90% of these reviews are 5-star ratings, 8% are 4 stars, and only 1% of reviews claim that Uprofit is a scam.
Does Uprofit have good Customer Support?
Yes, Uprofit has commendable customer support. According to user reviews, the company’s customer support team is prompt and effective. Uprofit customer support is available via email (support@uprofittrader.com), live chat, and phone (+1 (844) 500-4776).
what are Uprofit’s advantages?
Uprofit has 9 advantages. Here is a list of Uprofit’s advantages:
- Flexible trading days: Minimum of 10, no maximum.
- Simple evaluation: One-step process.
- Profit retention: The first profit payout is fully kept by the trader.
- Easy risk management: Straightforward Pro drawdown calculation.
- Fast withdrawal: Immediate withdrawal after 4 profitable days.
- Affordable monthly fees: Accessible pricing for many traders.
- One-time live account fee: No recurring monthly charges.
- Fast customer support: Quick response for trader assistance.
- Variety of payout methods: Through ACH, international transfers, PayPal, and cryptocurrencies.
what are Uprofit’s disadvantages?
Uprofit has 8 disadvantages. Here is a list of Uprofit’s disadvantages:
- Existence of Consistency rule: Any trading day must stay below 30% of total account profit.
- Existence of daily loss limit rule: Traders must not hit the daily loss limit.
- Futures trading only: Limited to trading futures.
- Limited funded accounts: Maximum of two per email/login.
- Unclear support responses: Sometimes difficult to understand.
- Restricted account management: Only two funded accounts per email/log-in.
- No educational content: The absence of education makes Uprofit unsuitable for beginners.
- Limited account size options: Fewer choices than competitors.
What are Uprofit’s pricings?
Uprofit pricing varies from $89 to $580 depending on the chosen account size. The table below lists the fees for each account size:
| Account size | Price |
|---|---|
| $9K | $89 |
| $50K | $160 |
| $100K | $315 |
| $200K | $580 |
Does Uprofit offer price discounts?
Yes, Uprofit offers discounts on their prices, ranging from 30% to 80%, including a 40% sale option. To access the latest discounts, traders should use this Uprofit discount link; When the link is used, the most recent discount coupon code available will be applied automatically. The discount link is dynamic, as it automatically reflects the most recent discount available upon use. Uprofit applies the discount instantly upon purchasing the evaluation.
Does Uprofit allow multiple accounts?
Yes, Uprofit allows a trader to have many accounts during the evaluation phase. But, once funded, a trader can have only 2 accounts.
How does Uprofit work?
Uprofit works through a structured process starting with the purchase of an evaluation account. Upon purchasing, traders receive login credentials via email, which they use to access their chosen trading platform. They then aim to meet trading objectives while following the set trading rules. After achieving the objectives and ceasing trading, a funded trading account is provided within the next two days. Traders can then earn profits on the funded account and withdraw their share of profits when desired.
Uprofit’s procedure consists of 9 steps, the trader ensures the system works efficiently and correctly by following these 9 steps below:
- Purchase an evaluation account from Uprofit.
- Receive login credentials via email.
- Login to the trading platform using the provided credentials.
- Achieve trading objectives while following Uprofit’s trading rules.
- Stop trading once objectives are met.
- Receive a funded trading account within the next two days.
- Trade and earn profits on the funded account.
- Request a withdrawal of your share of profits when desired.
- Follow Uprofit’s withdrawal process to receive your funds.
What are Uprofit Rules?
There are 5 main rules for Uprofit. The Guidelines are listed below:
- Avoid hitting the Pro Drawdown (Trailing Drawdown).
- Trade a minimum of 5 days.
- Don’t hit the daily loss limit.
- Trading during the designated trading hours.
- Trade only the instruments allowed.
- Folow the consistency rule (best trading day stays below 30% of your total account profit).
There are also one trading objectif to follow, they are listed below:
- Reach the profit goal.
The table below shows the Pro Drawdown value, the daily loss limit, and the contract size of every account size:
| Account size | Pro Drawdown | Daily Loss Limit | Contract Size |
|---|---|---|---|
| $9K | $800 | $250 | 5 Micros |
| $50K | $2,000 | $1,100 | 6 Minis (30 Micros) |
| $100K | $3,000 | $2,200 | 12 Minis (50 Micros) |
| $200K | $5,000 | $4,000 | 20 Minis (80 Micros) |
To succeed in trading with Uprofit, it’s crucial to strictly adhere to Uprofit rules. These rules are crafted to mirror real-life trading environments and aid traders in cultivating beneficial habits. Failing to comply with Uprofit rules could result in the immediate termination of your evaluation or live trading account.
How does Uprofit’s Pro Drawdown work?
Uprofit’s Pro Drawdown tracks the maximum allowed losses in a trader’s account. It only updates when the account balance reaches a new high at the end of a trading day. For example, in a 100K account with a Pro Drawdown of $3,000, if the account balance at the end of a trading day is $104,000, the Pro Drawdown becomes $101,000. This allows traders to freely trade without worrying about immediate losses. If the account balance falls below the Pro Drawdown value at the end of the trading day, the account will be closed.
What are Uprofit’s Trading Hours?
Uprofit’s trading hours begin at 6:00 PM ET and conclude at 4:10 PM ET every trading day, except on holidays. It’s mandatory for all positions to be closed by 4:10 PM ET. However, traders have the opportunity to reopen any positions once the trading day recommences at 6:00 PM ET.
What are Uprofit’s Instruments?
Uprofit’s Instruments are listed below:
- Equity Futures: E.g., E-mini S&P 500, Nikkei NKD, E-mini NASDAQ 100.
- Interest Rate Futures: E.g., 2-Year T-Note, 10-Year T-Note, 30 Year T-Bond.
- Currency Futures: E.g., Australian $, Euro FX, Japanese Yen.
- Agricultural Futures: E.g., Corn, Wheat, Live Cattle.
- Metal Futures: E.g., Gold, Silver, Copper.
- Micro Futures: E.g., Micro E-mini S&P 500, Micro E-Mini DOW, Micro Gold.
- Energy Futures: E.g., Crude Oil, Natural Gas, E-mini Crude Oil.
Uprofit uses which trading platforms?
Uprofit uses the 22 trading platforms listed below:
- NinjaTrader
- Rithmic RTrader
- ATAS
- Bookmap X-Ray
- Trade Navigator by Genesis Financial Technologies
- MultiCharts
- Agena Trader
- Collective2
- InsideEDGE Trader
- MotiveWave
- Optimus Flow
- ScalpTool
- Overcharts
- Scalp
- Quick Screen Trading
- Unistox
- Photon
- Medved Trader
- Sierra Chart
- Volfix.net
- Tiger Trade
- Quantower
How To Set Up Rithmic RTrader for Uprofit?
To Set Up Rithmic RTrader for Uprofit, traders must follow the following 8 steps:
- Buy the preferred plan.
- Download the RTrader application. Decide between the Pro version or the Normal version.
- Enter the username and password you received via email.
- Navigate to the ‘System’ option and click on the arrow. From the drop-down menu, select “Rithmic Paper Trading.”
- Click on the arrow under the ‘Gateway’ option. Choose “Chicago Area” from the drop-down list.
- Press the “Login” button.
- Accept the two digital documents.
- Log out when finished.
How To Set NinjaTrader for Uprofit?
To Set NinjaTrader for Uprofit, traders must follow the following 9 steps:
- Login to the NinjaTrader registration page and input your email.
- Check your email inbox. Once you receive the confirmation email, click on “Confirm email address.”
- Create a username and password. Ensure you read and check the terms and conditions box. Then, click “Create user”.
- Navigate to the new window that opens, select “Additional options,” and then choose “IMPORT LICENSE KEY.”
- Input the license key you received from Uprofit and press “Import.”
- Choose the “Download desktop platform for unlimited free use” option located under “Additional options.”
- Download the latest version of NinjaTrader.
- Install NinjaTrader. Once installed, open the application, input the Username and Password you used during NinjaTrader registration, and click “Log In.”
- Access the control center after logging in. Here, you can input your credentials and start trading.
Does Uprofit allow Trade Copier?
Yes, Uprofit allows the use of Trade Copiers. However, while users can utilize a trade copier at Uprofit Trader, they are restricted from copying trades from other traders. They must only copy trades within their own accounts.
