20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Uprofit Review 2024
Minimum
deposit:
deposit:
- $89
Trading platform:
- Ninja Trader
- RTrader
Minimum
deposit:
deposit:
- $89
Trading platform:
- Ninja Trader
- RTrader
Trading features:
- Five account balances
- One-phase challenge
- Fees are market average
- Beneficial profit split
- Large pool of numerous futures
- Most conditions are transparent.
Leverage:
- No
Summary of Uprofit Trading Company
Uprofit is a moderate-risk prop trading firm with the TU Overall Score of 5.31 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Uprofit clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this firm as not all clients are satisfied with the company, according to reviews. Uprofit ranks 23 among 41 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Uprofit provides competitive trading conditions that include numerous assets, acceptable brokerage fees, and popular platforms. Traders can receive up to $200,000 and work in comfortable conditions. The challenge is standard and easy for experienced traders. Novice traders should carefully study the requirements, otherwise, their chances for success are minimal.
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1
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5.7
/10
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2
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5.28
/10
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3
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6.68
/10
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Uprofit provides for trading futures on currency pairs, stocks, metals, energies, agricultural products, and interest rates. There are five account types: Basic, Advanced, Elite, Premium, and Freedom. They differ in profit target, acceptable daily and total drawdown, and allowed number of simultaneously traded contracts. The minimum monthly fee is $89 and the maximum available balance upon successful completion of the challenge is $200,000. The challenge period is unlimited, however, it should take not less than 5 days. The profit split for real trading is 80%/20%, but traders keep their first earned $15,000. Trading fees are $5-$10 per contract and spreads are floating subject to the asset.
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | $89 |
| ⚖️ Leverage: | No |
| 💱 Spread: | Floating, set by the partnering broker |
| 🔧 Instruments: | Futures on currency pairs, stocks, metals, energies, agricultural products, and interest rates |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Uprofit:
- Minimum initial fee is $89 and there is a one-phase challenge;
- There are six groups of futures and several hundred assets in total;
- Upon successful completion of the challenge, users pay a one-time fee to start real trading using provided capital; they don’t pay monthly fees;
- Traders keep 80%-100% of their profits and are not limited in trading methods;
- Traders can work on any of the 14 available platforms, including NinjaTrader and RTrader;
- All main deposit and withdrawal methods, including bank cards and crypto wallets are provided;
- Technical support is available daily by phone, email, and live chat on the website.
👎 Disadvantages of Uprofit:
- Certain working aspects are not covered transparently enough on the firm’s website;
- Very strict requirements for drawdowns and the challenge;
- To withdraw funds, it is required to trade with profits within four days before submitting the request.
Evaluation of the most influential parameters of Uprofit
Geographic Distribution of Uprofit Traders
Popularity in
23.5%
ES
22.8%
US
11.5%
CO
6.7%
AR
23.5%
Others
User Satisfaction i
3 comments
Total score:
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Expert Review of Uprofit
Uprofit is a brand of Uprofit Trader LLC. It has been providing financial services since 2019 according to strict regulatory standards of the U.S. Its clients are residents of most countries worldwide. The firm’s popularity is growing and its reviews on the net are mostly positive.
Traders work with futures on CME, NYMEX, COMEX, and CBOT. To get access to Uprofit’s funds, it is required to pass a one-phase challenge. Its conditions emphasize profit, maximum drawdown, and the number of contracts, depending on the chosen account type. To receive $9,000 upon completion of the challenge, it is necessary to pay $89 a month minimum. To receive the maximum balance of $200,000, a monthly payment of $580 is required. Note, that if clients don’t meet challenge deadlines, they must pay the fee again. The initial fee isn’t refundable on any of the accounts, which unfavorably distinguishes the firm from its competitors.
Trading with real funds implies a one-time payment of $100-$380, which allows traders to work without any restrictions on strategies or methods. They keep 100% of the first earned $15,000, further profit split is 80%/20%. Among the available platforms are NinjaTrader, RTrader, and several more. The fee is $5-$10 and spreads depend on the partnering broker.
The prop firm offers neither partnership programs nor education. All working details are explained on the website. Technical support is available by email, phone, and live chat. Its disadvantage is that it works only from 8:00 to 19:00 Eastern Time. Uprofit offers all main deposit and withdrawal methods, including bank transfers, Visa, Mastercard, PayPal, and crypto wallets. There are no transaction fees and withdrawals are made any day if certain requirements are met.
Taking into account the above facts, TU recommends Uprofit for review.
Dynamics of Uprofit’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
The main task of prop firms is to provide timely funding. Also, they need to ensure that traders don’t have difficulties. Investment counseling isn’t their priority. Uprofit doesn’t offer a partnership program either.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Reason why Uprofit doesn’t offer a referral program
Conditions of partnership programs are always standard. Clients receive special links and post them on their websites, forums, social media, etc., without restrictions. Traders who follow these links and make deposits, bring profits to link owners. Most often, further payments also bring profits. Considering that the number of referrals isn’t limited, this opportunity may bring good benefits in the future. Currently, the firm doesn’t need new clients. Their inflow is stable and fits the development pattern.
Trading Conditions for Uprofit Users
Monthly fees when passing the challenge depend on the required balance. To get $9,000, traders deposit $89; to get $50,000, traders deposit $160; $100,000 requires a deposit of $315, etc. Overall, fees are more profitable than the market average, but note that the fee isn’t refundable. The firm doesn’t indicate the maximum leverage. It is available and depends on the traded asset and the account type. Uprofit clients can set any leverage within the available range or trade without it. Technical support responds daily from 8:00 to 19:00 Eastern Time via email, phone, and live chat.
$89
Minimum
deposit
not indicated
Leverage
11/7
Support
| 💻 Trading platform: | NinjaTrader, RTrader, and 12 more platforms |
|---|---|
| 📊 Accounts: | Basic, Advanced, Elite, Premium, and Freedom |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank transfers, Visa, Mastercard, PayPal, and crypto wallets |
| 🚀 Minimum deposit: | $89 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Spread: | Floating, set by the partnering broker |
| 🔧 Instruments: | Futures on currency pairs, stocks, metals, energies, agricultural products, and interest rates |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Market |
| ⭐ Trading features: |
Five account balances; One-phase challenge; Fees are market average; Beneficial profit split; Large pool of numerous futures; Most conditions are transparent. |
| 🎁 Contests and bonuses: | Rebates from Traders Union |
Comparison of Uprofit to other prop firms
| Uprofit | Topstep | FTMO | Funded Trading Plus | Audacity Capital | True Forex Funds | |
| Trading platform |
Ninja Trader, R Trader | Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader4, MetaTrader5 | MetaTrader4 | cTrader, MT4, MT5 |
| Min deposit | $89 | $1 | $155 | $119 | $149 | $89 |
| Leverage | No |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:1 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 1% / 1% | 50% / 50% | No | No | No |
| Execution of orders | Market Execution | ECN | Instant Execution | Market Execution | No | N/a |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Prop firms’ comparative table by trading instruments
| Uprofit | Topstep | FTMO | Funded Trading Plus | Audacity Capital | True Forex Funds | |
| Forex | Yes | No | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | No | No |
| Crypto | No | No | Yes | Yes | No | No |
| CFD | No | No | Yes | Yes | No | No |
| Indexes | No | No | Yes | Yes | Yes | No |
| Stock | Yes | Yes | Yes | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
Uprofit Commissions & Fees
Information
Prop firms may charge one-time fees or monthly fees. Uprofit charges monthly fees during the challenge stage, and traders pay $89-$750 a month subject to the account type. When traders pass the challenge successfully, they pay $100-$380 once and receive real funds. If it is necessary to reset the account, they pay $59-$99. Trading fees are $5-$10 per contract. Floating spreads are set by the partnering broker.
| Account type | Spread (minimum value) | Withdrawal commission |
| Basic | Fees: $5-$10 per contract; Spreads are subject to the asset |
No |
| Advanced | Fees: $5-$10 per contract; Spreads are subject to the asset |
No |
| Elite | Fees: $5-$10 per contract; Spreads are subject to the asset |
No |
| Premium | Fees: $5-$10 per contract; Spreads are subject to the asset |
No |
| Freedom | Fees: $5-$10 per contract; Spreads are subject to the asset |
No |
The prop firm doesn’t withhold withdrawal fees regardless of the method. However, other parties participating in the process can charge their fees. Traders need to know everything in advance to avoid situations when they receive amounts less than their request.
A comparison helps to understand how profitable trading expenses are. The table below provides the actual fees of Uprofit and two other prop firms.
Detailed review of Uprofit
Uprofit has been in the market for over 4 years. It provides a quite interesting financial offer: fees are described clearly and in detail and there are no hidden fees. Data security and confidentiality are ensured by authentication tokens and SSL encryption protocols. The partnering broker offers VPS that provide for fast order execution and minimum slippages.
Uprofit by the numbers:
-
Minimum monthly payment is $89;
-
Maximum balance is $200,000;
-
Trading fees are $5-$10 per contract;
-
Profit split is 80%/20% (100%/0%);
-
14 trading platforms.
Uprofit is a prop firm with a significant asset pool
Indeed, the more financial instruments traders receive, the wider their strategic potential is. Uprofit offers several hundreds of futures on currency pairs, stocks, metals, energies, agricultural products, and interest rates. There are all the most popular positions. The prop firm doesn’t limit its clients, so scalping, hedging, transfer of positions overnight, and use of advisors are available. Another advantage of such variety is risk diversification. Uprofit clients build investment portfolios where negative trends of one or several assets are offset due to the stability and progress of others. Moreover, there are 14 trading platforms, so traders choose the best option for them and work in comfortable and free conditions consistently achieving their goals.
Useful services offered by Uprofit:
-
Five balance options. Traders choose the funding program based on the amounts they are ready to deposit at the start and their ambitions. It’s up to them whether they pass the challenge on the Basic or Premium account.
-
Trading on CME, NYMEX, COMEX, and CBOT. Uprofit clients work with assets listed on the New York and Chicago Mercantile Exchanges, the North American derivatives market, and the international precious metals futures market.
-
Crypto wallets for making deposits and withdrawals. This method is becoming more and more popular every year. Its availability confirms Uprofit’s flexibility and adaptivity, and that it strives to provide traders with maximum convenience.
Advantages:
1
Acceptable registration fees and a small one-time payment when switching to real trading.
2
Flexible loyal working conditions and no restrictions on methods and strategies;
3
Extensive pool of various assets with fast execution;
4
Traders keep the first earned $15,000. Further, they give Uprofit 20%, which is not much, since its competitors often have 70%/30%, 60%/40%, or even 50%/50% split;
5
NinjaTrader and RTrader are convenient for users at any level and have extensive and very useful functionality.
Guide on how traders can start earning profits
Choosing the account type is a priority at the start. The Basic account is, in fact, a training account with a low initial fee. The balance provided upon the challenge is only $9,000. Advanced and Elite accounts are more interesting. Traders can get larger capital, increased leverage, and an increased number of simultaneously traded contracts. The best ratio of the initial fee and the provided balance is on the Premium account. Freedom is distinguished by clearer restrictions on daily and total drawdowns. You don't have to waste your time calculating the perspectives and risks of a certain trade.
Account types:
Account Type
Description
Basic
The initial fee is $89 and the balance is $9,000. The profit target is $900. The maximum daily and total drawdowns are $350 and $800, respectively. Up to 5 contracts are available.
Advanced
The monthly fee is $160 and the balance is $50,000. The profit target is $2,500. The maximum daily and total drawdowns are $1,100 and $2,000, respectively. Up to 6 contracts are available.
Elite
The monthly fee is $315 and the balance is $100,000. The profit target is $6,000. The maximum daily and total drawdowns are $2,200 and $3,000, respectively. Up to 12 contracts are available.
Premium
The monthly fee is $580 and the balance is $200,000. The profit target is $10,000. The maximum daily and total drawdowns are $4,000 and $5,000, respectively. Up to 20 contracts are available.
Freedom
The monthly fee is $750 and the balance is $150,000. The profit target is $7,500. The maximum daily and total drawdowns are $2,500 and $5,000, respectively. Up to 8 contracts are available.
Bonuses from Uprofit
Occasionally, Uprofit holds promotions that allow its clients to save on initial fees. However, there are no such offers as of this review. Yet, there is another option to provide traders with more profitable conditions.
Investment Education Online
Information
Brokers occasionally provide comprehensive educational programs, but prop firms rarely offer those. However, some of them post articles, podcasts, and video guides. Uprofit provides only an outdated blog with few educational materials.
What’s on the Uprofit website
What is not on the Uprofit website
Detailed reviews of working conditions and their peculiarities
Educational courses
Educational articles
Webinars, podcasts, or guides
Trading literature
Uprofit believes that if traders are ready to pass the challenge, they already have basic trading knowledge and practical skills. Preparing large volumes of educational information is not part of the firm’s immediate plans.
Security (Protection for Investors)
Information
Uprofit is a trademark of Uprofit Trader LLC that is registered in the U.S. and has been operating since 2019. It ensures secure trading and always fulfills its obligations to its clients.
👍 Advantages
- Uprofit is officially registered
- It has been in the market for over 4 years
👎 Disadvantages
- No information about the partnering broker or if it is regulated
Withdrawal Options and Fees
-
Having passed the challenge, traders receive live accounts with an agreed balance. Successful trading brings profits.
-
Traders keep the first earned $15,000, further profit split is 80%/20%.
-
To withdraw funds, submit your request to payouts@uprofittrader.com; Requests are processed within 24 hours.
-
A mandatory condition is to trade within 4 days with profits before each withdrawal.
-
Available withdrawal methods are bank transfers, bank cards, crypto wallets, and PayPal.
-
Minimum withdrawal amount is $100.
-
Uprofit doesn’t charge withdrawal fees regardless of the method.
Customer Support
Information
Traders may have various questions and in most cases, they need prompt responses. If they don’t receive quick assistance, they might go to a faster competitor. Knowing this, Uprofit offers a multilingual and highly competent support staff, available during working hours. Its disadvantage is that it’s available only from 8:00 to 19:00 Eastern Time.
👍 Advantages
- Support responds on weekdays and weekends
- Among available communication channels are email, phone, and live chat
👎 Disadvantages
- Technical support isn’t available 24/7
Technical support assists both existing and potential clients. Current communication channels are:
-
Email;
-
Telephone;
-
Live chat on the website and in the user account.
Uprofit has its official profiles on Facebook and Instagram. Users can also contact support there.
Contacts
| Registration address | 14090 Southwest Freeway, Suite 300, Sugar Land, Texas 77478 |
| Official site | https://uprofit.com/ |
| Contacts |
Email:
support@uprofittrader.com,
Phone: +1 (844) 500-4776 |
Review of the Personal Cabinet of Uprofit
To start working with Uprofit, register on its website, choose the appropriate account type, and pay the initial fee. Next, pass the challenge to be eligible for trading on a live account. To eliminate any questions that may arise at any stage, TU experts have prepared a detailed guide on registration and described the features of the user account.
1
Go to the prop firm’s official website. Choose the language in the upper right corner and click the “Register” button.
2
Enter your email and create a password. Accept the Terms and Privacy Agreement, and click the “Register” button.
3
An email with a confirmation button to create your user account is sent to your address.
4
Sign into your user account by entering your email and password. Click the “Log In” button.
5
Go to the Profile section of your user account. Enter your first and last names, registration address with a postal code, phone number, etc. Click the “Save changes” button.
6
Click the “Choose the program” button in the Review section. Study the offered conditions and click the “Start now” button in the block with a preferred option.
7
Click the “Proceed to checkout” button in the pop-up window. Choose the appropriate payment method and follow instructions on the screen.
8
Download and install NinjaTrader, RTrader, or any other available platform. Launch it and enter your registration data. Start the challenge.
Additional features of the user account that allow traders to:
-
Choose the funding program, pay the initial fee, and pay the reset fee if necessary;
-
View statistics on the challenge and trading on a live account;
-
Contact technical support in a live chat;
-
Provide personal information and contact details.
Disclaimer:
Your capital is at risk. Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FAQs
How do client reviews impact Uprofit rating?
Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about Uprofit you need to go to the company's profile.
How can I leave a review about Uprofit on the Traders Union website?
To leave a review about Uprofit , you need to register on the Traders Union website.
Can I leave a comment about Uprofit if I am not a Traders Union client?
Anyone can post a comment about Uprofit in any review about the company.
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