Ultimatetraders Q & A

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

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

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

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

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

You mean that 12% of max depo drawdown for challenge?
Yeah, I think it''s an optimal size, and I would even say, through the prism of my experience, of working with some prop trading firms, this one is the most user-friendly.
I have an experience of passing through the assessment, when max drawdown was just 8% and that was... inconvenient, actually.
This size is very optimal, at least I speak for myself.

Mar 19, 2024 11:13 PM

By: Dumisani1341

You guys scalpers are always in hurry :D
So I think speedy plan will suit you. It almost doesn''t differ from classic standard one and judging by conditions it is quite suitable for scalpers.
As far as I know, you guys don''t have big drawdowns on your deposit, so you definitely won''t break any rules.

Mar 31, 2024 02:48 PM

By: Isaac_Segarra3

If you trade scalping, I would advise you to choose definitely the speedy challenge.

Mar 16, 2024 03:33 PM

By: Steven_Hanekom

uhm... no, pal, there is no strict limitation on the minimum number of trades executed daily. as far as I remember there are only restrictions on trading days, minimum ones, and some others like max drawdown or max daily loss. never heard of the minimum number of trades, sincerely speaking.
if you are still hesitating about this, feel free to reach out to the client assistance team, they are amiable enough to resolve this issue :)

Feb 25, 2024 05:16 PM

By: kabelo684

Well, if you are confident in your abilities then choose Speedy. You can pass the evaluation very quickly and get your hands on an increased deposit in a very short time.

Dec 17, 2023 01:33 PM

By: PurshottamaM_a

Yeah, basically that was the reason why I actually decided to give them a try.
I had had an experience of working with prop trading companies before I stumbled into this one.
In fact, when you encounter a prop trading firm, you need to be convinced of its reliability, as it happens with conventional trading brokers.
It''s operated under the T4Trade broker which is considered to be a legit and trustworthy brokerage firm, so no worries about that.

Dec 02, 2023 04:24 PM

By: Rajesh_kJR