Uprofit Trader, a proprietary trading firm, has established clear and structured rules that ensure safe and orderly trading, creating a strong foundation for cooperation between the firm and its traders. These rules are designed to foster a beneficial trading environment, making strict adherence crucial for a disciplined and secure trading experience.
At Trading Funder, we’ve noted that Uprofit Trader delineates specific trading rules for each account type, including both the Evaluation Programs and the Live Funded Account. These rules are tailored to align with Uprofit’s strategic trading objectives, ensuring that traders are on the same path as the firm.
Key trading rules at Uprofit Trader include maintaining the Pro Drawdown within set limits, respecting the Daily Loss Limit, meeting the minimum trading days requirement, trading within specified hours, and adhering to the maximum number of contracts allowed. The primary goal for traders is to reach the designated Profit Target while operating within Uprofit’s risk management framework.
Additionally, Uprofit Trader has specific guidelines for payouts and withdrawals. These include details on profit-sharing structures, limits on initial withdrawal amounts, the timing and frequency of withdrawal requests, and maintaining a minimum account balance for such transactions.
In this article, Trading Funder will conduct a thorough review of Uprofit Trader’s rules, focusing on the essential regulations surrounding trading practices, account management, and the specifics of payouts and withdrawals.
What are Uprofit Evaluation Account rules?
The Uprofit Evaluation Account rules are a series of specific guidelines set by Uprofit Trader for traders participating in their Evaluation Programs. These rules ensure that traders exhibit disciplined and strategic trading behavior, which is crucial for progressing to the Live Funded Account.
These Uprofit Evaluation rules include five main points: following the Pro Drawdown limits, trading for the required minimum days, keeping within the Daily Loss Limit, trading during set hours, and using only allowed trading instruments.
However, the Freedom Program within Uprofit Trader’s offerings has distinct rules. For example, the Freedom 30K account has unique features: they do not include a Drawdown rule, a Daily Loss Limit, or a scaling contract requirement. The 150K Freedom Program 2.0 has no Drawdown rule or a scaling contract requirement.
The table below shows the rules applied for each Freedom evaluation program:
| Trading Rules | The Freedom Program ($30k) | The Freedom Program 2.0 ($1500k) |
|---|---|---|
| Static Max Loss | $1,000 | $5,000 |
| Minimum Days | 5 days | 5 days |
| Daily Loss Limit | None | $2,500 |
| Scaling Plan | None | None |
| Trading Hours | Yes | Yes |
| Trading Instruments | Yes | Yes |
1- Pro Drawdown
Pro Drawdown in Uprofit Trader’s system limits a trader’s losses to a certain amount. It’s set based on the highest profit a trader has made. The rule updates at the end of each trading day (EOD), showing how well the trader is doing. If a trader goes over this limit, their account gets closed, and they must pass a new test to trade again. For example, in a 50K account with a $2,000 Pro Drawdown, if the highest profit was $52,000, the account shouldn’t drop below $50,000. Going below $50,000 breaks the rule and leads to account closure, requiring the trader to retake the evaluation to continue trading.
In Uprofit Trader’s Freedom Programs, such as the Freedom 30K account, there’s no Pro Drawdown or Daily Loss Limit. Instead, the focus is on keeping a minimum account balance, like staying above $29,000 in a 30K account, providing a unique trading flexibility.
The table below shows the Trailing Drawdown value for each account size:
| Evaluation Program | Account size | Trailing Drawdown |
|---|---|---|
| The Basic Program | $9K | $800 |
| The Freedom Program | $30K | $1,000 Static |
| The Advanced Program | $50K | $2,000 |
| The Freedom Program 2.0 | $150K | $5,000 Static |
| The Premium Program | $200K | $5,000 |
2- Minimum Trading Days
Minimum Trading Days in Uprofit Trader’s Evaluation Program refers to the least number of days a trader must actively trade to complete the program. This rule is set to evaluate the trader’s strategy, consistency, and risk profile. Specifically, traders are required to trade for a minimum of 5 business days, but these days do not need to be consecutive. This means a trader can choose which days to trade within the evaluation period, as long as they reach the minimum of 5 active trading days. If a trader doesn’t meet this requirement, they cannot complete the evaluation program and progress to a Live Account.
3- Daily Loss Limit
The Daily Loss Limit (DLL) in Uprofit Trader’s Evaluation Program is a crucial rule that sets the maximum loss a trader can incur in a single day, varying based on the account size. For example, the DLL is $350 for a 9K Program and goes up to $4,000 for a 200K Program. If a trader exceeds their DLL during a trade, two things happen: their current position is automatically closed, and their account is also closed. It’s important for traders to remember that the DLL includes fees and commissions. Therefore, monitoring the DLL on the RTrader platform is essential to avoid exceeding it. If the DLL is exceeded, the trader must stop trading and consider their next steps, which include resetting their account to continue trading or starting a new trading evaluation.
| Evaluation Program | Account size | Daily Loss Limit |
|---|---|---|
| The Basic Program | $9K | $350 |
| The Freedom Program | $30K | None |
| The Advanced Program | $50K | $1,100 |
| The Freedom Program 2.0 | $150K | $2,500 |
| The Premium Program | $200K | $4,000 |
5- Trading Hours
In Uprofit Trader’s program, Trading Hours are the specific times when traders are allowed to trade. These hours are from 6:00 PM Eastern Time (ET) to 4:10 PM ET the next day, excluding holidays. Traders need to close all positions by 4:10 PM ET each trading day. They can then reopen any positions after 6:00 PM ET. Trading outside of these hours is not permitted. If a trader trades outside these specified hours, it leads to a rule violation, which might result in the need to reset their account or start a new evaluation account.
6- Allowed Instruments
In Uprofit Trader’s Evaluation Program, Allowed Instruments are the specific futures instruments that traders are permitted to trade within their account. These instruments cover a variety of markets within the CME, NYMEX, COMEX, and CBOT. Some of the available instruments include E-mini S&P 500 (ES), E-mini NASDAQ 100 (NQ), E-mini Russell 2000 (RTY), and Nikkei NKD (NKD). Traders in the Evaluation Program must trade only these allowed instruments.
What are Uprofit Evaluation Account Objectives?
Uprofit Evaluation Account objectives vary depending on the specific program selected. Each program has a set profit target that traders must achieve to complete the evaluation period and qualify for a Live Account.
Below is the table summarizing the profit targets for different Uprofit Evaluation Programs:
| Evaluation Program | Account size | Profit Target |
|---|---|---|
| The Basic Program | $9K | $900 |
| The Freedom Program | $30K | $1,500 |
| The Advanced Program | $50K | $2,500 |
| The Freedom Program 2.0 | $150K | $7,500 |
| The Premium Program | $200K | $10,000 |
To qualify for an Uprofit Live funded account, traders must not only achieve the specified profit targets but also comply with all program rules, including adhering to daily loss limits, the Pro Drawdown, and trading a minimum of 5 business days.
what are Uprofit Live Account rules?
The Uprofit Live Account rules are guidelines for traders who complete the Evaluation Program. These rules, closely similar to the Evaluation Program rules, govern the operation of the Live Account, focusing on long-term trading and profit generation.
There are 6 main rules that day traders should respect during the Uprofit Live Account. These include:
- Pro Drawdown: Traders must ensure their account balance does not fall below the Pro Drawdown level, which is recalculated at the end of each trading day if a new balance peak is achieved, based only on profits.
- Minimum Trading Volume: Traders must complete at least one trade per week.
- Daily Loss Limit: Each account has a set daily loss limit based on its size to ensure proper risk management.
- Scaling Contracts: Traders must manage their contract numbers within the limits set for their account size, considering their current balance including open and closed trades. Exceeding the maximum allowed contracts results in a rule violation.
- Trading Hours: Traders must adhere to established trading hours, which begin at 6:00 PM ET on Sundays and end at 4:10 PM ET on Fridays. All trades must be closed by 4:10 PM ET.
- Allowed Instrument: Traders can operate products within the CME, NYMEX, COMEX, and CBOT markets. The specific instruments available depend on the type of account and program the trader is enrolled in.
How does the Scaling contacts rule work in the Uprofit Live Account?
In Uprofit Trader’s Live Account, the Scaling Contacts is a key rule that sets how many contracts a trader can trade based on their account balance. For instance, in Uprofit Trader’s Premium 200K Live Account, the Scaling Plan limits the number of contracts based on account balance. Traders can handle a maximum of 3 contracts for balances up to $2,000, 4 contracts for balances between $2,001 and $3,000, 6 contracts up to $5,000, 12 contracts up to $8,000, and 20 contracts for balances over $8,001. This system ensures traders increase their trading capacity in line with their account growth, balancing profit potential with risk management.
What are Uprofit Live Account objectives?
The “Uprofit Live Account trading objectives” refer to the specific goals and requirements that a trader must meet to successfully operate and make withdrawals from an Uprofit Live Account. The key components of these objectives include:
- Winning Days Requirement: traders are eligible to request a payout after they have achieved at least four winning days, which importantly, do not need to be consecutive.
- Profit Achievement: Traders must generate overall profits in their accounts. This fundamental requirement ensures that only profit-generating accounts are eligible for withdrawal requests.
- Profit Distribution Limitation: also called Consistency Rule. This limitation requires that the profit earned on a trader’s best trading day must not exceed 30% of their total account profit.
Does Uprofit have a consistency rule?
In Uprofit Live Accounts, a rule called ‘Profit Distribution Limitation’ acts as a consistency rule. It limits a trader’s most profitable day to no more than 30% of their total profits, ensuring consistent trading. This rule only applies to Live Accounts and is not used during the Evaluation phase. Its purpose is to encourage steady trading over time, focusing on consistent results rather than large profits in one session.
what are Uprofit withdrawal/payout rules?
Uprofit withdrawal/payout rules refer to the specific guidelines and conditions set by Uprofit for traders to withdraw or payout their earnings from their trading accounts. These Uprofit withdrawal rules determine how and when traders can access their profits, ensuring a structured and fair process. The key aspects of these rules include:
- Bonus Structure for Withdrawals/Payouts:
- Initially, traders receive a 100% bonus on their first withdrawal, capped at $15,000. This bonus is applicable per user, rather than per funded account.
- For subsequent withdrawals, traders are entitled to 80% of their earnings.
- Eligibility for Withdrawals/Payouts:
- To be eligible for a payout, traders must have a minimum of 4 winning trading days. These days do not need to be consecutive.
- The highest profit day must not exceed 30% of the total account profit to qualify for a full or partial withdrawal.
- Withdrawal/Payout Process:
- The minimum amount that can be withdrawn is set at $100.
- Various methods are available for withdrawing funds, including bank transfers within and outside the United States, PayPal, and cryptocurrencies (USDC).
- Withdrawals are processed within a maximum of 24 hours upon confirmation, but only on weekdays and not on holidays.
- Requests for withdrawals should be made between 09:00 ET and 16:30 ET.
- Withdrawal requests must include the trader’s full name and live account number.
- Funds are only released to the live account holder, eliminating the possibility of third-party withdrawals.
- The withdrawal process doesn’t affect the drawdown calculations, which are updated at the end of each trading day.
Is Uprofit a Regulated Company?
Uprofit Trader, headquartered in Texas, USA, is a proprietary trading firm that, despite its registration, is not regulated by any major financial authority. Its business model primarily focuses on offering funded trading accounts and evaluations for traders, rather than typical financial services. This operational structure, which revolves around providing trading opportunities and assessments within the firm using the firm’s capital, does not fall under the standard regulatory requirements of financial institutions dealing with public investment funds. Therefore, Uprofit operates outside the purview of regulatory bodies that oversee conventional financial transactions and services.
Is Uprofit a legit Company?
Uprofit Trader, founded by Lindsay Duff in 2017 and transitioning into a proprietary trading firm in Texas, USA, in 2019, seems to be a legitimate company. It has gained approval from over 6,000 day traders on Trustpilot, reflecting its credibility with a high rating of 4.8 out of 5 stars. Traders appreciate Uprofit for its minimal and flexible rules, efficient customer support, and a straightforward one-step evaluation process. The firm offers multiple account sizes and a simple withdrawal process, with options like ACH, international bank transfers, PayPal, or cryptocurrencies. While it has faced criticism for sudden policy changes and a lack of transparency, the overwhelmingly positive user feedback, particularly regarding its fast payouts and responsive customer support, suggests that Uprofit is a trustworthy and reliable platform in the trading community. For more insights, read our detailed review of Uprofit’s legitimacy.
Conclusion on Uprofit rules
Uprofit Trader presents a straightforward and flexible evaluation process, offering traders the chance to advance by following core rules such as maintaining the Pro Drawdown, respecting the Daily Loss Limit, and completing a minimum of 5 trading days. With a first withdrawal bonus of up to $15,000 and an 80/20 profit split thereafter, the firm provides appealing profit-sharing terms. Uprofit’s lack of strict consistency rules during the evaluation phase and its simple payout system make it attractive to traders seeking less restrictive conditions. Based on Trading Funder’s review, Uprofit Trader is a solid option for those who prefer a streamlined evaluation with minimal barriers to withdrawals.
