Ultimate Traders Questions & Answers

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which challenge is better to start prop trading there?

Asked by Tulson Nordstrom (2 days ago)

What assets I can trade at this prop firm?

Asked by Onni (4 days ago)

Do you think it’s worth it to buy their funded accounts, I thought about starting with $200k for $899 or is it better to use this money for manual trading?

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Asked by William (2 weeks ago)

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Asked by Lisa (2 weeks ago)

Don't understand what factors I should consider when deciding between the classic or speedy challenge?

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Asked by Fredrik Hedlund (2 weeks ago)

The factor is pretty simple, how much experience in trading do you have. What I mean is this: If you have a lot of experience in trading and you are an expert trader, this means you have your startegy and your risk management ready so you just need the funded account as fast as possible, as you have nothing to prove to yourself. YOu get funded with speedy challenge and start earning. that is the what the speedy is for. You dont mind a bit higher costs and tighter drawdowns. However, if you are still learning, or if you dont have expeirence with props, then you should start with classic. Because having 10k account handed to you even for evaluation could trigger your emotions and you could make some mistakes, and those 2 phases would give you so much experience and prepare you for bigger accounts too.

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Answered by Allan E (1 week ago)

What is the payout split and is there a way to make it 100/0 here?

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Asked by NGerty (2 weeks ago)

Smart move… But won’t you think, it’s too much to take all profits, while trading with prop’s money and not invested a single cent, considering they refund money, paid for the assessment. They should earn in a certain way and from funded traders too. Still, you can achieve more or less fair 90/10 split by either buying an add-on at the beginning ( basically paying 20-30 more) or got scaling, showing good results on the funded stage. With the last one, i’m not sure, better to ask cs about it. Personally, I didn’t buy add-on and left at 80/20…

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Answered by Jonas A. (1 week ago)

depends. If you feel fine with youur discipline and risk managing skills - go for speedy, it's tight but prompt and more for experienced guys. if you aren't as confident - go for the classic, however you gotta prove your trades a second time

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Asked by Jali (3 weeks ago)

My question is to understand which challenge is more favourable, speedy or classic?

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Asked by Luca Skar (3 weeks ago)

How did you manage to complete the speedy challenge, any secrets?

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Asked by Anton Jeppesen (1 month ago)

Well, it depends on your trading skills. I personally just preferred scalp trades because this is the easiest way for me to pass the assessment. Why? I noticed how many traders are trying to catch big moves from 5% and higher, they’re waiting for take profits too long, tho they’re in profit already. Instead of applying the same approach, I prefer to take 1-2% of profits from each trade, and that’s how I reached 10% of profit target.

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Answered by Karst-Jan (1 month ago)

Why is the leverage different for classic and speedy challenges?

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Asked by Tim Lindholm (1 month ago)

Because speedy challenge is the more complex form of classic, so naturally it has less leverage. You can't utilize a lot of leverage when you have tighter drawdown limits too, this is another reason.

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Answered by Sigge (1 month ago)

I guess it's cause of risk management - differ with each eval model.Classic gives higher leverage, for bigger swings.And speedy's lower - tighter limits.

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Answered by Martin (1 month ago)

Is there an easier way to complete this assessment/challenge, is there any secrets you found that could help me?

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Asked by Klaas (1 month ago)

easiest way is to find something with minimal drawdowns. This is what messes you up with these props. If it doesnt have that much upside, doesnt matter. People find it hard to 'switch gears' between trading for themselves (where they can use 100x1 leverage, and try to news trade 1 event, to gain huge profits, earning a lot right away), and prop trading, where they require consistancy from you, above all else. Here, they want consistancy, which means minimum drawdowns. Less lots, less leverage, less risks.

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Answered by Murchadh Ó Niadh (1 month ago)

Can I open an additional account with $5k to go along with my existing $5K funded account?

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Asked by Jasper Blaxcell (2 months ago)

havent tried doing that myself, but I think it should be possible in theory, no? You cant create multiple logins after your own name, but you can take challenge many times. Presumably if 2 of them complete at similar times, you 100% will get both. Even if you complete it later, still should be all legal under their TOS. Say if you think trading with just $5k gets boring for you, and you want to double your trading size. I also think there's hardly any downside to it. Main acc wont suffer.

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Answered by P.Izaks (1 month ago)

Are there any restrictions on the trading styles from this prop trading firm?

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Asked by Retu Laukkanen (2 months ago)

If Trading the News can qualify as a trading style, then there are restrictions. With the default account you are not allowed to trade the news. If you are into this, you should apply for a premium account where no restrictions in this regard are imposed. For other strategies, there is no information that are forbidden. You can even scalp, as far as you make sure you don’t breech the rules. But you need to know the rules by heart. Also, makes sure you are allowed to keep position over the weekend, many prop trading platform don’t allow this. I don’t keep positions overnight so i have no idea if they allow this or not

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Answered by Antoni Darcy (2 months ago)

How would you rate the spreads on currency pairs: are they tight, standard, or wide?

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Asked by HenchY (2 months ago)

On average, spreads are fine, and I mean tight. However, fine can change depending on sessions. For example, around 1 pip or lower on Asian session is considered fine, because there are less players on the market so volatility is moderate. When london opens, and US opens, you can see the volatility increase, and so would the spreads become wider, over 1 pip and etc. The spreads are widest when theres news being released, and the best course of action in this scenario is wait out the storm, because it ain't worth the gamble. I am of course taking eur/usd as the example, because its the most popular, I still trade it.

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Answered by Hjalmar S. (2 months ago)

In what ways do you think this prop firm is better than others, more famous ones, please justify your answer?

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Asked by A. Plamondon (2 months ago)

I'm quite flattered to hear that someone cares about my opinion, but I have to say that it doesn't carry much weight in this contex. Especially considering just how much fake information there is online right now, the best way is to always do your own due dilligence. Clieche, yes, but it's a robust strategy that served me very well throught the years. What makes ultimate traders better than other prop firms? There is no easy answser to this, as prop firms are not copypasta and do not have the same features, regulations, purpose, you get what I'm saying. If you trade forex and want a platform that's not going to rip you off, this prop might be a good choice. If you want to trade crypto or futures, there are other options avilable... but I'm not aware of the current realities of those markets

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Answered by Jonas Solberg (2 months ago)

Did you withdraw profits from there, were there any hidden pitfalls?

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Asked by Christiansen (2 months ago)

I think the only real rule they've got about withdrawals is that you can't make them more than 2 times a month... and I'm not even sure about that, because maximum what I did is one every 2 months. Not depserate, just building up my account so that I don't have to pass the challenge again 😅

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Answered by Önde Sköld (2 months ago)

Hidden pitfalls… What do you mean by this? You either receive your payout (withdrawal) or you don’t, there is no third option. In my case, like a normal trader I had some concerns about whether it will or will not cause me any problems. Appeared to be ok. I got a 100k funded account, made around 2%, taking on small 1 to 2 rr position on gold and withdrawing by card, inside of deel. It was unusual to use this payment provider, like its insider provider. But transaction was instant and I guess that’s it. No worries

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Answered by Bruno Fogh (2 months ago)

What makes the challenges difficult, is it the rules or trading skills?

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Asked by Otto (2 months ago)

Keeping consistency is the most challenging thing. You may follow the rules, keep tight risks to maintain appropriate balance for not getting close to max drawdown, but still struggle to complete the challenges for months. Some traders are too frequent and get into making many mistakes. Some traders trade too rarely, having FOMO and losing great opportunities. If you deal with this particular prop firm ultimate traders, I think it’s all about trading when the market give the opportunity and strictly follow the strategy, not rushing in. I want to say the rules are not harsh there. For manual regular traders especially. 12% max drawdown on first step, while profit target isn 2% lower, is a gift. So I believe yes, it’s all about your won rules, being consistent with developed strategy

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Answered by Edward (2 months ago)

What are the best challenges that can be recommended for the beginner trader at Ultimate traders?

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Asked by Beau Watson (3 months ago)

Depends on what type of beginner you are, really. If you are a beginner in trading, then you gotta go and spend some time learning the basics because it's too risky to go, or perhaps you can start with the lowest challenge here, but Id not recommend it personally. If you are a beginner in prop trading but you have skills in trading in general, then beginning with a 10k acc makes sense. It's not too big, and you will get some experience about the trading to pass the challenges. Once you feel comfortable enough, you can go for a bigger account like 100k or something, all up to you.

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Answered by Luke Kelleher (3 months ago)

Do you guys recommend getting payout every 2-weeks or 1 in month like a salary?

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Asked by Howard Kraft (3 months ago)

Well, since you can technically do both (there is a 15 day minimum wait period between each withdrawal you make, if I remember correctly), the best way for your to find out what works for you it to try both options. After all, the good part is that you have some profits to withdraw, am I right? Anyway, I'm just assuming that you do. Personally, I find withdrawign once a month to be sifficient for my needs. There is no real benefit to making them every couple of weeks. No profitable trader would suffer from wating just a few weeks or even months longer. It's a whole different thing if you feel like keeping those profits on the platform affects your mind in a negative way. In that case, withdrawing as often as possible is definitely a must.

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Answered by Elias N. Jepsen (3 months ago)

What is the REALISTIC time when i will pass my challenge, is it one two months or it will take me even more?

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Asked by Jelmar Don (3 months ago)

What is the realistic time to pass the challenge? Great question, and i think more newcomers should check out my answers. First of all, if you are a complete beginner, then passing your challenge will be really hard. I don’t think we have to think about the time to pass, you need to think on how to pass it at least, even if it’s going to take you three months to do so. Many newbies think it’s easy, but as soon as they start they face the hardship - it will go away once you will get experienced enough, so you just have to work and eventually you will get better in passing challenges and might get to 2 months in order to pass the challenge. Secondly, if you are an experienced trader, i don’t think you have to spend a lot of time to pass a single challenge. Value your time, you just need to get funded as soon as possible to start collecting profits. So, you might be risky with your trade to pass it in a couple of trades (be cautious that minimum trading days to pass it is 3 days for each step) So, minimum 6 trading days, but if you take bigger size you will be able to do so. However, when you get funded, you have to change the approach and your risk. It will have to decrease, as you accomplished your goal in getting funded, and now have to focus in order to make the most of it.

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Answered by Allan Stenbeck (3 months ago)

Do you guys think news trading add-on is worth it for beginners?

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Asked by Alfred B. (3 months ago)

Well, it depends. But personally I would not recommend it for beginners. The reason is that when the news are announced it creates a lot of volatility in the market. And even experienced trades have difficulties witht this kind of approach.. A trader must be quite sure in his judgement about the incoming event announcement. However, even if the overall idea is right, the volatility might shake out the trader. So I better advice to avoit it...but as a feature it is a good addition. for seasoned market operators imho.

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Answered by Dave Richardson (3 months ago)

In order to not get in trouble with the timing, yes it’s worth it. If I take any prop challenge I prefer paying additional to get a news trading feature to be on the safe side. Beginners might not be aware of the time when major releases happen and hold their positions at this time. It leads to rules breaking and that’s all. Here, why you should buy news addons is also the higher profit split, which comes with it. So whatever beginner or experienced trader you are, better to buy for not thinking about the rules much

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Answered by Riley H (3 months ago)

Why do people don't always go for the bigger accounts like 100k?

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Asked by Sebastian (4 months ago)

I guess it’s a psychological factor, not many traders are ready to trade with a $100,000 balance. Just imagine if you need to reach 10% profit target from this deposit, this means you have to open positions with bigger lots, but the catch is that not everyone ready to see drawdowns even in 1%, it will mean loss of $1000 in one trade, someone can close a position immediately after seeing such numbers. For example, it doesn't matter how good I am at trading, but I’m not ready to open big positions and seeing large numbers in my deposit.

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Answered by McEwan (4 months ago)

Is hedging allowed with ultimate traders, or is this kind of trading prohibited?

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Asked by Brine O Ceallaigh (4 months ago)

Of course it’s allowed to trade with hedging strategies, as a trader who passed a classic challenge quickly, I haven’t encountered any prohibitions. For this kind of information, you better always read the FAQ sections. I remember how I paid serious attention to this before joining Ultimate Traders. As soon as I was convinced that they don’t impose any prohibitions on strategies and trading styles, I signed up immediately.

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Answered by Elton Ulf (4 months ago)

It’s permissible and prohibited at the same time. Let me explain you better about this, because i had the same question when i just started out and asked the support system. Hedging is when you open long positions on one of the account, and open a short position on the second account and same asset to hedge the loss and pass one of the accounts, which is used to pass the challenges. Basically you are sacrificing one of the accounts to pass the account, but it is considered as something prohibited. Ultimate traders are not the exception, they don’t allow this kind of trading as well. I think you wanted to do the same thing, but don’t do that, because they will take away that account. I mean once you pass the challenge this way, Risk and Review team will review your trading activities to ensure that accounts were not leveraged against each other, since this will not be a viable strategy during the funded stage, their risk and review team will review trading activities on your account to ensure that you did not leverage against each other, since this is not permissible. However, you can hedge in the same account mt4 account. So, it depends on how you hedge.

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Answered by Killian Myers (4 months ago)

I have a question, what will happen with my account if I breach the daily drawdown and max loss limits?

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Asked by Ashton Bolliger (4 months ago)

It’s desirable to not fail but actually there is nothing serious about it. If you breach these important conditions like daily drawdowns and max loss limits, then the account will be automatically placed into “read” mode, in other words, you won't be able to trade anymore from this moment. And if you take a look at the dashboard, you’ll see that your account will be updated to “FAILED” status. In any event, you can always try your attempts again by just buying their assessments. I passed their examinations on the 5-th attempt. xD

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Answered by Daan Bergkamp (4 months ago)

What assets are better to trade in order to pass the challenges easier or it doesn’t play a crucial role?

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Asked by Gorm Sundqvist (4 months ago)

I think it plays a small role because it doesn’t matter what you trade and how you trade in any prop challenge but it rather matters what is your risk management and are you able to keep consistency in your strategy, like taking 50% win rate. Still, I’ll go with majors, it doesn't matter which asset class. Forex pairs, like eur/usd, usd/cad, usd/jpy, gbp/uds. Or gold, or major American indices. The main quality is their popularity and liquidity. Less volatile but in a long run can provide with enough pips and stability to keep your risks weighted.

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Answered by Noah (4 months ago)

Do you know if I have to pay a fee to keep my funded account later or is it included in the challnage price?

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Asked by Tyler (5 months ago)

I didn’t get your question clearly to be honest. In any event, if you pass the challenge, they will allow you to keep your funded account further without any charges. Nonetheless, if you fail the test, and would like to give another shot, then you will have to pay a fee again.

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Answered by anthonybailey (5 months ago)

What would happen if I passed the challenge phase then get an account and incurred loss?

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Asked by Vilhelm (5 months ago)

Excellent question, my friend. The one that every trader should understand before embarking on the journey that is prop trading. A simple loss won't hurt you much and, in fact, is a completly normal and unavoidable part of being a professional trader. As long as the losses remain small in comparison to your profits, and as long as they stay under the maximum drawdown levels. Ultimate Traders have different drawdown requirements depending on the account type you choose to go for. For the classic one, you can go as low as but not reaching 12% of your biggest account size at any time, which is quite reasonable

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Answered by Roald Jensrud (5 months ago)

What’s better: having more small accounts or having one bigger account?

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Asked by John Hunter (6 months ago)

Having one bigger one is the best because you are able to focus all your energy, time and effort into one place and you aren’t distracted plus the money is much so the reward will be great too.

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Answered by Donnan O Murchu (6 months ago)

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Asked by Jane (6 months ago)

Are their trading rules straightforward enough to successfully pass the evaluations?

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Asked by Mícheál Mac Naois (6 months ago)

When it comes to clearly communicating the trading rules, Ultimate Traders are champs. Everything is displayed in a clear manner on their website. Check the “Trading Rules” page, and here everything you need to know is available. They even make it clear that they want you to know the rules before starting. It is highlighted on their website that you need to familiarise yourself even before giving it a try. And indeed, if you haven't traded with a funded account in the past, make sure you learn the trading rules by heart - this will determine your chances for success. You asked if they are simple… Well, the trading rules are pretty much the standard ones with any prop-trading platform. They are not hard to understand and learn, not at all… but it might be a bit hard to implement, so don’t jump to a large account size, start with their 5k account just to get comfortable trading with such strict rules

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Answered by Lasse A. (6 months ago)

Can you share your experience in the speedy challenge, was it worth to try instead of usual?

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Asked by OLLIE (7 months ago)

It was more expensive than the classic challenge, but for the sake of time, it was worth it. I had some prior experience with challenges and had a solid risk management strategy, that’s why it was a better choice. With Ultimate traders, a very good thing is max loss that they allow. I’ve seen some challenges that offered the same amount of loss on classic challenges, while here you can find it on speedy on phase. If you want everything quick and have a good strategy, go ahead with this one.

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Answered by Nongchai Pradchaphet (6 months ago)

Yes, it’s absolutely worth it. You see, with classical challenges you have to pass two phases instead of one, and this makes the challenge difficult to pass. The markets are not favourable every time, you know about that. So, some of the moments it can consolidate and make unpredictable moves, however, for you to pass two phases you have to be consistent throughout the whole time making 15% profit! I mean it’s hard even for experienced traders to make that kind of return on a live account, let alone challenge. However, with a speedy challenge you will need to make 5% less, which makes it way easier to pass. Of course it’s more expensive, but you will overpay only a small amount of money to make your trading experience better and elevate your chances of passing the challenge. That’s the conclusions i came to from my own experience trading here.

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Answered by Cillin O Cairbre (5 months ago)

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Asked by jane (7 months ago)

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

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Asked by Harry Kroon (8 months 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.

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Answered by Mike (7 months ago)

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

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Asked by Louis Collins (8 months 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!

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Answered by BjøruSv (8 months 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.

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Answered by Otte Elshof (7 months ago)

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

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Asked by O. Garner (8 months 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

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Answered by Lucas Collins (8 months 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.

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Answered by Mason Cook (7 months ago)

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

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Asked by Christopher K. (8 months 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.

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Answered by Ingolf Hein (8 months ago)

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

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Asked by Elvan R. (9 months 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

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Answered by Viktor Eklund (8 months ago)

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

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Asked by bittman (9 months 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.

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Answered by ADiarmait (8 months ago)

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

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Asked by SolMateo (9 months 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.

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Answered by Alonsosarr (9 months 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?

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Asked by Joshua (9 months 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.

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Answered by Alian (9 months 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.

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Answered by Diogo Gomes (9 months 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?

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Asked by a. alonso (9 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.

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Answered by Armando A. (9 months 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✌️✌️

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Answered by TheFernandes (9 months ago)

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

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Asked by Thiago R (1 year 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

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Answered by Lic. Diego (1 year 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?

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Asked by Luciano Balderas (1 year 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.

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Answered by Justin Baloyi (1 year 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!

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Answered by Faraji (1 year 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!

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Answered by Kamar_Foster (1 year ago)

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

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Asked by Hegio A. (1 year 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.

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Answered by Darren (1 year 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??

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Asked by Omar Mansilla (1 year 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

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Answered by Shawn (1 year 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.

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Answered by Marcos (1 year 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

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Answered by Thapelo (1 year ago)

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

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Asked by Raymond Herbst (1 year 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.

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Answered by Jamba (1 year ago)

Am i allowed to have 2 or more trading accounts?

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Asked by Ignacio Davila (1 year 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!

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Answered by Rodrigo I. (1 year 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!

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Answered by C. Marroquin (1 year 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?

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Asked by Mateo Henriquez (1 year 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

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Answered by Louis Nkabinde (1 year 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?

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Asked by Daniel Ruiz (1 year 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.

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Answered by Negrete (1 year 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.

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Answered by Jorge Soto (1 year ago)

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

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Asked by Adan R-s (1 year ago)

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

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Asked by Honor Travieso (1 year 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.

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Answered by Francisco Torres (1 year 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.

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Answered by I. Almonte (1 year ago)

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

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Asked by Rafael Salazar (1 year 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

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Answered by Bruno Bravo (1 year 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.

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Answered by Roger M. (1 year 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!

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Answered by Dante Sauceda (1 year ago)

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

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Asked by Jose (1 year 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!

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Answered by Arturo C. (1 year 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.

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Answered by Ricardo Tejeda (1 year ago)

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

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Asked by William Manuel (1 year 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.

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Answered by Javier Aguilar (1 year ago)

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

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Asked by Christopher N. (1 year 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.

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Answered by Guido Saldivar (1 year 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.

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Answered by DiegoPagan (1 year ago)

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

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Asked by Arturo S. (1 year 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.

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Answered by Dr. Sergio Moreno (1 year 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.

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Answered by Santos Vazquez (1 year ago)

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

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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.

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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.

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Answered by Josep Cruz (1 year ago)

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

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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.

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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.

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Answered by Roberto Contreras (1 year ago)

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

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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.

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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.

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Answered by Santiago T. (1 year ago)

What happens if I pass the max drawdown limit?

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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.

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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.

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Answered by Quinto Capo (1 year ago)

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

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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.

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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.

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Answered by Fidel Salcido (1 year ago)

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