UProfit is a prop trading firm located in the USA.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from UProfit.
Here’s what you’re going to learn:
- What Is UProfit
- What Can You Trade With UProfit?
- What Are The UProfit Account Sizes?
- What Is The UProfit Leverage?
- How Much Is The UProfit Payout?
- UProfit Reviews
- UProfit Programs Goals And Rules
- UProfit EAs/Algos/Bots
- UProfit Free Trial
- UProfit Free Repeat
- UProfit Coupon / Promo Code / Discount
- UProfit Platforms
- UProfit Trading Hours
- UProfit News Trading
- Is UProfit Legit?
- UProfit Alternatives
- Learn More
What Is UProfit
UProfit is a prop firm located in Texas, USA.
What Can You Trade With UProfit?
UProfit is a prop firm that funds traders to trade Futures. You can trade all CME (CME, CBOT, NYMEX, COMEX) Futures assets, including the Micros.
Here’s a list of all of the instruments that you can trade with UProfit:
- Equity Futures
- Foreign Exchange Futures
- Agricultural Futures
- Energy Futures
- Interest Rate Futures
- Metals Futures
What Are The UProfit Account Sizes?
UProfit has four different account sizes, which they call Programs, that you can choose from.
The Basic Program
This program gives you access to a $9,000 trading account. The price is $89/month.
The Advanced Program
This program gives you access to a $50,000 trading account. The price is $160/month.
The Elite Program
This program gives you access to a $100,000 trading account. The price is $315/month.
The Premium Program
This program gives you access to a $200,000 trading account. The price is $580/month.
What Is The UProfit Leverage?
There’s no leverage, the trading account balance is the buying power, meaning that the leverage is 1:1.
Your limits are defined by the maximum number of contracts that you can trade, which depends on your account size and profit.
|Program||Maximum number of contracts|
|The Basic Program||5|
|The Advanced Program||6|
|The Elite Program||12|
|The Premium Program||20|
How Much Is The UProfit Payout?
UProfit uses the concept of Safety Net. The Safety Net is used to prevent traders from losing their live trading account if an unexpected event or a series of trades didn’t help to meet the goal.
The Safety Net is activated during the first 40 days. During this Safety Net period, the profit split is 50/50. The trader gets 50% of the profits and Uprofit gets the other 50%.
After the Safety Net period, the profits split is 80/20. This means that the trader gets 80% of the profits. The prop firm keeps 20% of the profits for them.
Besides that, the first $8,000 in profits goes entirely to you.
According to Trustpilot, UProfit is classified as excellent. It’s scoring 4.8/5.0 after 5000+ reviews of the prop firm.
UProfit Programs Goals And Rules
Depending on the Program that you are trading, you have different profit target goals and maximum drawdowns to avoid.
These rules are the same regardless of the account size that you’re applying to:
- Minimum days to trade: 10 days
- Challenge duration: There’s no maximum time to trade, you can take the time that you want.
Besides those rules, you also have profit target and drawdown limits that are different depending on the account size. Here they are:
|Profit Target||$900 (10%)||$2,500 (5%)||$6,000 (6%)||$10,000 (5%)|
|Maximum Drawdown EOD||$800 (8.9%)||$2,000 (4%)||$3,000 (3%)||$5,000 (2.5%)|
|Daily Loss Limit||$350 (3.9%)||$1,100 (2.2%)||$2,200 (2.2%)||$4,000 (2%)|
Important to mention that this prop firm’s evaluation has one single step, unlike other firms that typically have two steps.
UProfit doesn’t mention anything against the use of Algos or Bots to trade.
UProfit Free Trial
Unfortunately, UProfit doesn’t offer a free trial.
UProfit Free Repeat
There are no free repeats, but there’s a free reset option. The free reset will be given to you when your subscription is up for renewal and you have a broken rule.
UProfit Coupon / Promo Code / Discount
UProfit has frequent discounts throughout the year. At the time of this writing, the link below will give you a 30% discount on your purchase if you’re a new client. If you already entered their website before, please clean your cookies before using the link or it won’t work. If necessary, use the code SPRING30.
UProfit recommends using NinjaTrader to trade.
Besides that, UProfit supports the most popular futures trading platforms:
- Agena Trader
- Motive Wave
- InsideEdge Trader
- Optimus Flow
- Medved Trader
- Trade Navigator
- Sierra Chart
UProfit Trading Hours
Holding trades after the close of the day is not permitted. All positions must be closed before 4:10 PM ET, or earlier if the market close of that product is before that time. Trading can be resumed by 6:00 PM ET time.
Leaving positions open for the weekend is also not allowed.
UProfit News Trading
There’s no mention of restrictions on trading during news events.
Is UProfit Legit?
Yes, UProfit is a legit company.
Here are their contacts:
- Address: 14090 Southwest Freeway, STE 300, Sugar Land (Texas 77478), USA
- Phone: 8445004776
- Email: email@example.com
There’s also live chat support on their website.
Here is a list of the best UProfit alternatives:
- UProfit is a prop trading firm based in the USA.
- You can get a funded account with up to $200,000 in balance and an 80% profit split payout.
- To get access to a funded account you need to pass an evaluation, with different rules depending on the account size you want to apply to.
- You can trade Futures.
- The most popular Futures platforms are available to trade including NinjaTrader.