Ultimate Traders Q & A

they are mostly stated plainly, and are obvious. But in case you missed them: don''t trade just news, dont scalp on super-short timeframes, and DONT leave orders having over weekends (preferralby not wednesday too). Wednesday is a day of triple swap, in case you don''t know. Hedging your trades (doing 2 in opposite directions at the same time) also prohibited. They dont outright ban, but you may encounter more difficulties down the road.

Apr 04, 2025 12:34 PM

By: FerozChandra204

For example, you’re not allowed to use trading news strategies because the market volatility is crazy at these periods. Many traders don’t know how to handle this situation decently, as a result they lose all money and fail challenges. That’s why they prohibited the news trading on a default account but you can pay an extra 10% if you still want to use the news strategy.

Apr 03, 2025 08:17 PM

By: dinesh_lala22

I recommend the Classic Challenge as a better choice. It typically offers a realistic and simple conditions. The Speedy Challenge although is faster may be quite inconvenient because of the pressure it may add, which can be tough for beginners

Mar 31, 2025 06:29 PM

By: TassachMacPheara

As a beginner, you should become more confident about trading in general and after that contemplate a classic challenge with less time pressure for making trading decisions.

Mar 21, 2025 07:17 PM

By: PratyushMemon979

Speedy Challenge is faster but more demanding, while the Classic Challenge is a more relaxed, two-step process. The best choice depends on your trading experience and risk tolerance. This challenge demands stricter risk management rules, making it more challenging.

Mar 17, 2025 05:53 PM

By: DKadewar91

To increase your chances of passing a prop firm assessment, focus on choosing a challenge with a lower initial capital requirement and a less restrictive profit target, while adhering strictly to drawdown limits and position sizing guidelines. Focus on strict risk management, including drawdown limits and position sizing, as these are crucial for passing the assessment and surviving in the long run.

Mar 24, 2025 10:20 PM

By: ajidejit85

Ultimate Traders assessment, choose a challenge with a lower profit target and less restrictive risk parameters, focusing on demonstrable consistency and strict risk management execution, rather than aiming for high profits quickly. Ultimate Traders evaluations typically involve two stages: a challenge phase where you reach a specific profit target, followed by a verification phase where you partially replicate your success.

Mar 12, 2025 05:14 PM

By: poogtuamri

I think I saw this sentiment echoed somewhere here, but the CLASSIC challenge. Speedy is a BAIT. I mean, if you are some genius and don''t have a few extra days, sure you can try doing it, but in reality Classic is more than twice easier to complete. Any trader who''s done it and trading with UT, like me, is gonna tell you that. The rules are just so much more lax, and sure you spend a bit more time, but at least you get what you want in the end.

Mar 12, 2025 05:30 AM

By: Tarun_Deshpande

the amount has nothing to do with anything, only with your potential profits. 100k account to my knowledge is no different from 10k one (idk I don''t have either, I''m in the middle). The only BIG difference is whether you chose the Speedy or Classic to get funded. If you chose Speedy, you basically have 2 times less possible drawdown that you can experience. So your account can basically be shut down even if you just reach 4% drawdown in a given day.

Mar 07, 2025 08:03 PM

By: navathe_om

the amount has nothing to do with anything, only with your potential profits. 100k account to my knowledge is no different from 10k one (idk I don''t have either, I''m in the middle). The only BIG difference is whether you chose the Speedy or Classic to get funded. If you chose Speedy, you basically have 2 times less possible drawdown that you can experience. So your account can basically be shut down even if you just reach 4% drawdown in a given day.

Mar 07, 2025 08:03 PM

By: navathe_om

The main difference is the account balance and risk allocation. A $100K challenge typically allows for larger position sizes and drawdown limits compared to a $10K account, but the rules and profit targets usually remain the same.

Feb 26, 2025 05:29 AM

By: AzharPathak

There is no variation in terms of parameters. It is still a certain % of drawdown and profit. But some things are more challenging on the account which is X10 larger. In this case, your challenge to maintain drawdown and profit is magnified accordingly. Even though the percentage remains the same, the absolute dollar value of losses and profits is much larger, making it harder to maintain discipline and stick to risk management rules.

Feb 25, 2025 02:05 AM

By: AjayKibe766

I’d recommend the lower size. If you wanted, you could periodically put a little money into the capital at one time. But if you run a 10k account into the ground, you’ll definitely run a 100k account into the ground and probably faster.

Feb 24, 2025 11:04 PM

By: MandeitK86

Like I have had a few 100k demo accounts and always have turnt them to like 200k before they reset automatically . Start with a 10k account, pass all the challenges and when you get a pay out use that money to buy a bigger account.

Feb 24, 2025 11:03 PM

By: DigrtYadav

The evaluation rules for funded accounts, particularly in the context of prop firms, are generally strict, with little room for small mistakes, and violating rules can lead to account termination and potentially the need to re-pass the challenge. There is no such rule that most profitable traders use funded account.

Mar 24, 2025 10:18 PM

By: ajidejit85

Ultimate Traders and prop firm funded accounts, evaluation rules are generally strict, and breaking even minor rules can lead to an instant fail, requiring traders to repeat the challenge. Prop firms place a considerable amount of capital on their funded traders, so they set rigorous challenges to ensure that only serious and knowledgeable traders are funded.

Mar 12, 2025 05:16 PM

By: poogtuamri

Yes, because they also share in the losses and successes I guess they have to make the rules tight. they have strict risk management rules, including daily loss limits, max drawdowns, and consistency requirements.

Feb 12, 2025 12:19 PM

By: suraj_Thakkar

To assess "Ultimate Traders" reliability for long-term forex trading, you should research their track record, customer reviews, and execution capabilities. Check their payout processes and customer support, and consider that Forex trading carries inherent risks, regardless of the broker. Check online forums, social media groups, and review sites to gauge the opinions of other traders about the platform and their experiences.

Mar 12, 2025 05:18 PM

By: poogtuamri

As for long-term forex trading, I think, prop firm is not the best place, since it has max drawdown requirements, so sooner or later, even on the funded stage, you`ll reach this number, because no one can actually trade without losses. But, in terms of payouts, it`s 100% legit, once a month, like on clock, you`ll receive your profit splits without any delays. About execution, I also wouldn`t be nervous about, reliable MT4 is gonna do its thing, so no worries here too.

Feb 28, 2025 05:42 PM

By: VasinJayaraman

good questions, I''m funded so I can anwer for you. The execution speed is NOT your first problem when it comes to the high volatility trading. They straight-up don''t allow trading during those times, if you didn''t select the +news options when doing the challenge. I didn''t, so I couldn''t trade during the news (now I can, with funded, but am too scared, not worth). The payouts though, are done not by them, but by Deel, which is a payout firm, so its great.

Feb 21, 2025 10:08 PM

By: Ehsaan_wason25

you can trade a wide variety of instruments including forex, cryptocurrencies, indices, and commodities across different markets, allowing you to choose based on your strategy and preferred asset class. Beginners might start with more liquid markets like major forex pairs, while experienced traders may explore more volatile options like cryptocurrencies.

Feb 01, 2025 12:07 PM

By: annrtkakde

bunq allows you to easily and effortlessly handle your money without any concern. With their app, you can get an idea of how you handle your money well while making budgeting easier. But it is quite suitable for anyone who seeks current or improved banking solutions.

Jan 31, 2025 03:19 AM

By: MwarahariKorirab62

No restrictions as long as you are happy with what you see on mt4. Forex, commodities, CFDs - a lot of space to diversify, hedg and thrive on it.

Jan 30, 2025 12:29 AM

By: RoodraGupta

That''s a good part! No problem. you will be absolutely able to resume the activity again. Think of it as a small reboot.

Jan 30, 2025 12:57 AM

By: Asura_Toor

your account will be restricted to exiting (i.e., liquidating) positions only. A 10% profit target must be achieved during the first phase (Challenge). For example, a $100K account must be traded up to a $110K+ account. you can''t buy anything for a specified period of time determined by your broker.

Jan 22, 2025 05:08 PM

By: PalrtVerma

A 10% profit target must be achieved during the first phase (Challenge). All trades are required to open with a stop-loss in place and close before the weekend. By default, we will close any positions that open without a stop and any positions that remain open at the end of the trading day on Friday (soft breach, no failure).

Jan 17, 2025 04:37 PM

By: SBertgum97

Yes, and it''s a good thing about Ultimate Traders. You can use any strat. you want, you can even do hedging. As long as you don'' t breach - you good.

Dec 24, 2024 01:35 PM

By: Amrit_Chandran839

You will learn a simple Money Management Model to be used with this simple trading strategy to ensure your success. A strategy that uses Higher Timeframe Fair Value Gaps and Orderblocks as key reference points to frame setups in the Lower Timeframe 3mins or 1mins. Trade executions using the 3mins and 1min charts. Scalping Intraday 1-3 Hours In Duration. High Probability Trade Frequency of 2-5 times per week.
Specific times of day and days of the week to focus on in your trading.

Dec 11, 2024 06:07 PM

By: MMaanali85

Yes, traders are allowed to use multiple trading strategies during the evaluation and challenge time in Ultimate Traders. They can use strategies like arbitrage or other prop trading strategies to manage risk and reach the required profitability target. The Classic Challenge is a two-step evaluation.

Dec 11, 2024 06:04 PM

By: MMaanali85

Scalping aims for quick profits from small price fluctuations, and an Expert Advisor automates the process, executing trades with speed and precision.. An Expert Advisor allows for the execution of a large number of trades in a short period, maximizing the potential for profit in rapidly changing market conditions.

Dec 10, 2024 06:17 PM

By: LalpkMohan

Yes, it is allowed to apply multiple trading strategies during the evaluation and classic/speedy challenge time on Ultimate Traders. Seasonal trading, Swing trading, Trend trading, Range trading, Breakout trading and Reversal trading etc.

Dec 10, 2024 06:07 PM

By: LalpkMohan

They do not impose severe rules on trading strategies, so, choose any style according to your preferences. The main is to hit the profit target and not to let significant drawdown during the challenge

Dec 18, 2024 07:30 PM

By: Bishnu_W

Come on, dude! Nobody can restrict you to trade the way you want, it would be nonsense. Of course, Ultimate Traders allows you to use those strategies, it doesn’t matter what and how exactly you trade. The main rule is that you must reach the target of profit and don’t lose more than it’s allowed.

Dec 11, 2024 01:58 AM

By: Ujwal_Golla

Scalping
Some trading challenges prohibit scalping, which is a trading strategy that involves making many small trades to profit from small price changes. Scalpers typically hold positions for seconds or minutes, and close all trades before the end of a trading session.
News trading
Some trading challenges prohibit trading within a certain time frame before and after high-impact news events

Dec 10, 2024 06:18 PM

By: LalpkMohan

Within a UT (likely referring to a proprietary trading firm like "FundYourFX"), you are generally allowed to use EAs as long as they align with your personal trading strategy, and EA performance significantly impacts your evaluation and profitability, with profit sharing based on either predetermined percentages or performance-based targets. UTs prioritize assessing your overall trading skills, risk management abilities, and ability to adapt to market conditions.

Mar 12, 2025 05:19 PM

By: poogtuamri

Yes, prop trading firms may have specific rules and guidelines for using Expert Advisors (EAs). Firms may maintain a list of approved EAs that meet their risk management standards.
Proprietary trading, or "prop trading", is when a financial firm or commercial bank uses its own money to trade securities, such as stocks, bonds, or mutual funds.

Dec 04, 2024 11:38 AM

By: dinabg5186

Ultimate Traders lets you use EAs but make sure they follow risk rules (like drawdown limits). Good EA performance boosts your chances of passing evaluations and getting funded.

Dec 04, 2024 11:24 AM

By: J_Bhakta

For beginners, daily challenges are generally a better starting point than classic challenges because they offer a more structured, manageable, and often less intimidating learning experience. They can be less flexible, requiring a greater commitment and potentially leading to frustration if a participant falls behind.

Mar 24, 2025 10:21 PM

By: ajidejit85

Daily, or... speedy? If so, then actually the name speak for itself. Speedy challenge is for more advanced traders who have already built a good risk and money management strategy, know how to balance between mistakes and profits, increasing the number of successful deals + they can easily meet the profit target and not to let significant drawdown.
Speedy is fast, number of phases is shrunk.

Nov 25, 2024 11:01 PM

By: kerrygray197052

The Classic Challenge is a two-step evaluation. During the Ultimate Traders Challenge phase (first step) the trader must reach a specific profit target. The Speedy Challenge offers quicker access to capital, with multiple account sizes ranging from $5,000 to $200,000, allowing traders.

Nov 22, 2024 04:32 PM

By: meegta_jat

The main difference between the Classic Challenge and the Speedy Challenge in Ultimate Traders is the risk controls and the speed. The Classic Challenge has a 6% maximum acceptable loss threshold, while the Speedy Challenge has a 4% daily drawdown limit and a 6% all-time maximum loss threshold. The Speedy Challenge is faster and more strict than the Classic Challenge. It offers quicker access to capital with account sizes ranging from $5,000 to $200,000.

Nov 22, 2024 04:26 PM

By: meegta_jat

months and weeks wont work here! Need to be done in a week, tops. So you will have to relearn a bit. Can''t just expect the trend to reverse etc.
But Classic challenge is obv better for such cases.

Nov 29, 2024 07:26 PM

By: PanduSabanis

I would advise you to go for the Classic challenge, because speedy is seemingly the one for day traders or scalpers. Classic challenge is a full-fledged one with multiple phases, so you will be able to balance well in terms of your deposit. It''s not about immediate hit of profit target like in case of scalping with big leverage, as well as you protect yourself from exceeded max. drawdown.

Nov 19, 2024 10:04 PM

By: YogeshTiwari200

Traders must first test their skills during our challenge program. Classic account provides simpler assessment. I''m currently trading on live account. When I first applied for a challenge, it was successful (classic) and on the second step I just risked too much.

Nov 07, 2024 06:28 PM

By: ParpkinB81

Ultimate Traders funded trading allows a lot of flexibility regarding your trading strategy or tools you can use. One good thing is that this evaluation phase is that it imitates the real-life trading world. In fact, it is after traders pass this challenge their accounts will be funded appropriately as they move to trading officially.

Dec 11, 2024 06:10 PM

By: MMaanali85

To take part in both challenges offered by Ultimate Traders, you will use the MetaTrader4 platform.

Oct 31, 2024 02:43 AM

By: Benegal_Jagatap

MetaTrader is arguably the world’s most popular currency trading popular among millions of traders. A prop trading firm is a group of investors that offers traders the opportunity to participate in prop-trading. They offer a 14-day Free Trial through which can put trading skills to the test. Once you’ve gained more confidence, you can then move on to entering one of our Ultimate Trader Challenges

Oct 30, 2024 05:14 PM

By: Joratrgees

Traders are required to complete the Classic Challenge or the Speedy Challenge to enable them a funded account. One can easily benefit from trading on the Ultimate Traders funded account. Traders are required to complete the Classic Challenge or the Speedy Challenge to enable them a funded account.

Dec 04, 2024 11:45 AM

By: dinabg5186

For instance, when using an account of $10,000, the Classic assessment method is preferable.
It provides a detailed assessment of your performance as a trader.

Oct 20, 2024 03:09 PM

By: ChandraMoyt

Hello Raghavan_Bose421,
If you want to operate the amount as of $10,000, you can go with both Classic and Speedy accounts. The offers of the Speedy account are available starting with $10,000. Hope it answers your question.

Oct 19, 2024 12:55 PM

By: ChetturSinha

Speedy Challenge is more demanding than the Classic Challenge because there is less room for error with drawdown limits. However, for the experienced trader who can manage this effectively, it is a faster route to a funded account.

Oct 09, 2024 05:27 PM

By: VMipkhra93

Prop firm trading is legitimate and offers benefits like financial backing, shared resources and scaling opportunities. The evaluation challenge is simply a way for prop firms to make money off of failed traders and that the challenges are intentionally made difficult to achieve.

Dec 04, 2024 11:50 AM

By: dinabg5186

Yes, man. You can take as many chances as you want. Until you run out of money basically:)

Jul 17, 2024 04:44 PM

By: BrockPratap

traders may be required to fund their trading accounts with an initial amount. The firm may also have scaling plans. Profits from trades are generally divided between the firm and the prop trader.

Jul 16, 2024 04:03 PM

By: komerunjal

Being a Prop trader, the main reason for which I do prop trading rather than trading with my own money would be the lack of capital to invest. Many people find it much easier to trade or work if they have external control.

Dec 04, 2024 11:54 AM

By: dinabg5186

Traders should only use leverage when they have a clear advantage.. Leverage is often expressed as a ratio or multiple. potential loss of capital should be no more than 3% of the trading capital. Traders have different levels of experience and risk parameters, so they may choose to deviate from the general guideline of 3%.

Nov 22, 2024 04:35 PM

By: meegta_jat

Proprietary trading refers to a financial firm or commercial bank that invests for direct market gain rather than earning commission dollars. Prop trading is when a firm provides a trader with company capital and technology, in exchange for a share of the trader''s profits.

Oct 10, 2024 04:45 PM

By: anuapanwar

When you decide to use a platform like Ultimate traders, ensure that you strategies and plans align with the limits of the platform.

Aug 28, 2024 04:08 PM

By: EkbalKaul

The rules of prop firms are pretty much the same across the industry but UT has good pricing and leverage. Those were the dividing factors for me since leverage plays big role in my trading system. I couldn’t do it properly with 1:30

Jul 13, 2024 08:09 PM

By: Mustafa7fd

Depending on what you mean by consistent. If you mean trading without ever making a loss.. then that is nearly impossible. But if you mean always making more profit than loss in your trades, then that is all trading is all about.

Apr 24, 2024 12:19 AM

By: Bharat_Brar

Yes, it is possible for individuals living outside of India to engage in intraday trading through an Indian broker. it is possible. You have to create an account with one of the brokers listed below, such as 1. Interactive brokers.

Dec 04, 2024 11:58 AM

By: dinabg5186

Indians can invest in the US stock market. There is more than one way to buy and hold US stocks in your portfolio. Direct equities, ETFs, and mutual funds are just one of the few popular options. Key Takeaways. Buying stocks directly in a foreign market like India or China is possible

Apr 17, 2024 04:35 PM

By: Shedetan_G

The evaluation process gives to you the demo account experience. You get the full functionality of the real account, but you have virtual funds to trade with. All the instruments you can trade on the real account, you can trade during the valuation.

Apr 16, 2024 08:39 PM

By: JavierVVargas

Every 24-hour period your equity (balance + floating P&L) is ‘recorded’ and your losses during the next 24-hour period should not exceed 6% of this recorded value. evaluation stage and funded Ultimate Trader accounts, exceeding drawdowns is considered a hard breach and the account has failed if this occurs.

Jan 17, 2025 05:06 PM

By: SBertgum97

My opinion on passing prop firm challenges is that you should only attempt for a prop funded account if you are able to pass their challenges every single time.

Nov 07, 2024 06:32 PM

By: ParpkinB81

If you''re at a loss, cannot meet the minimum trading day requirement, and fail to meet the consistency rule in your account, as a result, your account will be breached.

Apr 17, 2024 04:37 PM

By: Shedetan_G