REVIEW SUMMARY
UProfit is a Futures prop firm, located in Texas, USA. It was founded in 2019.
FEATURES
Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.
Max balance: $200,000
Profit split: up to 80%
Cost: from $89/month
Platforms: NinjaTrader, TigerTrade, OptimusFlow, InsideEdge Trader, Volfix, Overcharts, Medved Trader, Quantower, QST, ScalpTool, TSLAB, TradeNavigator, SierraChart, MultiCharts, Photon, MotiveWave, Bookmap X-Ray, Agena Trader, Collective2.
PROS & CONS
What I like:
What could be improved:
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:
UProfit is a prop firm located in Texas, USA.
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:
UProfit has four different account sizes, which they call Programs, that you can choose from.
This program gives you access to a $9,000 trading account. The price is $89/month.
This program gives you access to a $50,000 trading account. The price is $160/month.
This program gives you access to a $100,000 trading account. The price is $315/month.
This program gives you access to a $200,000 trading account. The price is $580/month.
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 |
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 $15,000 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.
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:
Besides those rules, you also have profit target and drawdown limits that are different depending on the account size. Here they are:
| Starting Capital | $9,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|
| 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.
Unfortunately, UProfit doesn’t offer a free trial.
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 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:
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.
UProft is aligned with day traders and day trading strategies. If you have a different trading style, you may want to check an alternative (more below in this article).
There’s no mention of restrictions on trading during news events.
If you like to trade news, then this is a good prop firm for you. You just need to be careful and have good risk management. Learn how to calculate your maximum lot size wisely.
Here are all the payment types accepted by UProfit :
Yes, UProfit is a legit company.
Here are their contacts:
There’s also live chat support on their website.
Here is a list of the best UProfit alternatives:
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