Ultimate Traders has a rating of 4.5 stars from 38 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Ultimate Traders most frequently mention classic challenge. Ultimate Traders ranks 16th among Personal Finance sites.
This company does not typically respond to reviews
That's good. I passed through classic challenge quickly, nothing impeded me at all, because conditions for going through it are favorable. My overall account drawdown was way smaller than the pre-set threshold and that is cool. Perhaps... I don't really like the leverage size, nevertheless knowing that you can manage a huge account means big leverage isn't super necessary here.
I changed my opinion when they paid me at the beginning and I thought it was a good company - they answered emails and answered in the chat - but be careful. They only pay at the beginning until they gained my confidence and got me to invest more. Then they stop paying and they do not answer emails or chat, it is a big SCAM. R E C O V C A P I T A L.C O M eventually got me a refund of my losses, they're definitely worth looking up.
If you are wondering what prop trading firm to choose from the vast pool and can't make up your mind, then go with the one that pays out the profits instantly.
Ultimate Traders has never held or postponed any of the withdrawal requests. I have been withdrawing funds from my trading account a couple of times in the last two months, and it has always been done smoothly and promptly from their side.
As for their trading rules, I think they do quite well, too. While the average profit share ratio is around 80%, with Ultimate Traders, I keep 90% of the profits made 👍
That's good.
I passed through classic challenge quickly, nothing impeded me at all, because conditions for going through it are favorable. My overall account drawdown was way smaller than the pre-set threshold and that is cool.
Perhaps... I don't really like the leverage size, nevertheless knowing that you can manage a huge account means big leverage isn't super necessary here.
Got quite ambiguous impression, I'll explain:
On the one hand, it's a transparent mechanism where you pay money, pass the assessment and start trading concurrently earning yield, but on the other hand, I don't think their requirements are truly user-friendly. For me 12% of overall loss seems to be quite...small. Wish it was around 15%.
But it's just me🤷
I was totally drawn by their up to $400k funding promise and that sweet 90% profit cut. They are keeping their promise.
They're not stingy on leverage, very generous on forex pairs side. They're flexible with the trading platforms as well. What really sets them apart for me is the ability to tweak the challenge rules. Like, you can adjust stuff to suit your style, which is dope for those who wanna join. The cost to get in varies by account size, but it's fair. The profit share and flexibility are a real catch. Just hoping it keeps up as they grow.
I don't think that any other prop trading firm offers a 2-step evaluation besides Ultimate traders.
And what it does, it relieves a good amount of pressure from the trader's shoulders generally speaking. Therefore it is easier to pass this evaluation.
It's not a breeze by any stretch of imagination, but it's good to be backed by the company, instead of getting hurdled by.
I had an experience of working with prop trading firms, but all of them were mediocre. This one is another sort of company. I mean, the niche it takes is the same, it allows you to operate rather big volumes if you preliminary prove your competence as a trader, I have never faced companies that would offer more than $100k under management. This one offers even $400k. Awesome.
I'm not really impressed because their 2-step evaluation seems to be dragged down a bit. Well, it may be stated that there are even 3 steps, because two first are for evaluation and the third one already allows you to earn money.
At the same time, from the point of allocated payouts for account managers, these guys excel. They really pay good money.
It was very... tough to me to start trading with the Ultimate Traders, because I ain't have any prior experience of working with the prop trading firms. I heard of them, I even noticed some reviews, but as for personal experience - no, any.
Nevertheless, I overpowered myself, entered the platform, did a quick research and chose classic challenge with the minimum available sum under management - $5k. It was a good experience for me, I easily met the requirements and now I even receive payouts which are quite generous out here. Thanks, bros! It's better than classical trading.
Among all prop trading firms I had a chance to work with, ultimate traders looks advantageous.
At least they give you bigger sums at your disposal, and to choose the maximum available sum which equates to $400k, you need to pay just $1,8k. It's nothing, believe me.
Plus, the evaluation stage was a breeze to me, perhaps, because of my broad experience, but still.
To be honest, I was a little worried that I wouldn't pass. Although I had prepared pretty well.
This company doesn't hide its requirements for traders and I tested my abilities on my broker's demo account before taking assessment.
I tried trading on Ultimate Traders rules to make sure I could pass this assessment.
I realized that if I followed my strategy exactly, I could pass. And as a result, I was right. I passed assessment on the first try and now I am a trader in this company!
This is the very new experience for me. Not the trading, but the trading with the prop trading firm, as they call them.
In short I decided to try Ultimate traders mostly because I have a proper trading strategy but I don't have access to the bigger capitals.
I suppose 99% of the clients here came for the same reason.
But also I'd like to say that the working conditions are one of the best. I mean leverage is high, execution raises no questions. And I get to tarde on the most convenient trading platform, which is MT4.
So far so good.
As it turns out, passing assessment was easier than it looks.
I just traded carefully and didn't take unnecessary risks.
And finally got positive result.
Even though they offer a Speedy challenge, the Classic challenge is quite speedy as well
Especially if you compare it to challenges at other prop trading firms…
The only difference is that after you pass the first phase of 10% profits, you will need to pass another phase with a 5% profit gain. But it will instil confidence in you and you will be better prepared.
I thought that I, with my 2-months experience, wouldn't be able to start working with the firm of such a caliber as the Ultimate Traders. But no! Their requirements for getting through challenges are user-friendly, you ain't need to be an exceptional professional with "green deals" in the trading history. Small mistakes are forgiven here. Thanks guys, for such experience!
Prop trading was smth new to me, but due to their website, comprehensive FAQ and customer support I understood the speicificty eventually.
And surely I had no serious hardships while passing through assessment since 12% of drawdown is cool, I had just 5% =)
I am not a pro, just spend more time analyzing the market and make more prudent decisions without rushing.
There are so many obvious perks of trading with ultimate traders. Trading with a bigger account is a very apparent advantage of all prop trading platforms.
However, other advantages to trading with ultimate traders include the trading conditions and limits. The limits are set very appropriately and fairly. Traders have enough daily drawdown allowance, overall drawdown, trading leverage, EAs, and so on.
You can trade as you wish with ultimate traders.
Ultimate traders present a smooth solution in my trading adventure. Thanks to them, I did boost my trading knowledge. What about customer support? They have experts, what I say in short. To summarise, ultimate traders changed my perspective on graphs. Now, it's easy to make some technical or fundamental analyses.
I recently passed assessment and am already trading in live account. I feel that our cooperation with this company will bring me great income!
Not a bad solution for traders with a particular knowledge base.
I can't say that complete rookie aren't welcomed here, but it would be veeeery ardous for them to pass the challenge. The company doesn't educate on trading, it gives the opportunity to trade bigger volumes than a typical, retail trader can afford himself on his own.
For this you ought to pay a kind of entrance fee, but if you are skillful then it's paid off quickly. Plus, afaik, there's a chance to get the fee refunded.
I assume that Ultimate traders platform backed up by T4Trade broker is a solid solution.👍
In my opinion, those requirements imposed by the firm for traders are cool enough. However, I wish there was at least oe more trading platform. Just a kind of alternative.
Not referring to the limits and the rules, but the actual trading conditions.
Those conditions for trading like tight spreads, good and flexible leverage, many trading instruments and market access, etc.
As for the profit share model, I think it is really good. It gets up to ninety percent for the trader.
This is a whole new experience for me.
Before I got involved with this company, the only limitation to my trading was profit. Now I have to follow the rules.
But I must say that these rules are logical and reasonable. Thanks to them, I will be able to earn a stable income. And thanks to company this income will be bigger.
It's great that for impatient traders like me they have opportunity to pass assessment more quickly.
I think it gives those traders who are confident in themselves chance to start real trading as soon as possible.
This prop trading firm has ingeniously devised the rules for calling a trade. I chose the classic trading challenge and successfully passed all the rules. During this time, I have gained a lot in disciplined trading and have become more successful in making profits. This is a very tough test for every trader.
There is an ultimate flexibility about the Ultimate traders:)
I mean the evaluation of the skills procedure can be 1-step or 2-step depending on your experience level.
If you feel comfortable on the forex market, and have everything that is required, namely the proper trading strategy and emotional control, then it's better to take 1-step and pass it quickly.
However for beginners wanting to partake in this exciting endeavor, Ultimate traders offer to take a 2-step process and trade at their comfortable pace.
There is also a MT4 trading platform available as the main platform. Hopefully we will see MT5 too, since it is way more suitable for scalpers.
Ultimate Traders is a prop trading firms that offers trading challenges for traders to prove their skills. After the completing of a challenge, traders will be given a funded trading account to trade with our funds and keep up to 90% of the profits generated.