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Home > Ecommerce and Online Business > Business and Finance Websites > Ultimatetraders
Ultimatetraders
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The ingenuineness of this review appears doubtful. Justify your opinion.
I feel this review is:
Their customer support is a dedicated team of professionals, although, there is small need for improvement in their reply time and the technical know-how of the lower level personnel.
I have also found useful information depth and proper navigation when using their platform and the FAQs have a lot of materials that you do not even need to speak to a representative.
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I have never traded with funded accounts before and I was thinking that it’s something very difficult because of the evaluations and trading limitations.
However, at ultimate traders it was not very hard to pass the evaluations, maybe it’s because I have a scalping trading strategy on a 1 to 5 minute timeframe so I usually don’t have big floating losses. And I close the deals as soon as possible.
Also one of the reasons I got along with UT is that this prop firm is registered in London and from the legality standpoint everything is clear.
Unlike other prop trading firms that look and feel questionable.
Although using this platform has been for some time now, I can say that mostly my experience has been impressive. The credibility of the firm can be highlighted by the fact that they provide clear information regarding its services and policies. The fees for each challenge are clearly stated and there are no hidden fees, infact, reegistration fees are returned upon successful completion of the challenges.
The trading conditions are great and have you set up for success. With a 90% payout on successful trades, I count it as a win for traders who are experienced and skilled but have little or no access to funds to make their trading more profitable.
The platform is user friendly with a dedicated team of support.
YOUR RATING ON
It is easy to use their platform to trade in various assets.The longer loading time, although it can be considered acceptabl, while supportof the platform is fantastic: I receive answers to my questions shortly, although, I would have been happier with more details on the offerings, my general impression of Ultimate Traders is above average.
The only reason I was SUS of ultimate traders was their percentage sharing. I didn't want to trust it but after I started trading with them it made me realize that you don’t speak on what you haven’t experienced.
It’s my best prop firm!
When we speak user interface- user friendly; execution speed is fast and the customer support! I have had no reasons to talk bad about the support staff, they are dedicated, patient and knowledgeable.
Its understandable most people here are semi-good and managed to pass, but for average trader population, even 4 is too much xDD really!
If you're just starting out, trying these challenges will not be of much benefit. It's just relying on a lucky chance to pass through, I think.
That said, I believe in the legitimacy of the business, and for me, it worked. Paid only 250 bucks over all, got a$100k account to trade with, much safer environment than would be otherwise. But that is NOT the average experience, I can bet xd Only if you're already good its a 5.
Just wanted to share that you can trust this prop trading platform and work with it. I am speaking from my own experience. I passed the challenge and traded on a funded account for a month already and in this period, I made a couple of withdrawals.
The transfers were completed without any hassle, and my profits were paid. You can trust it.
Regarding the rest, you can easily check its platform, trading rules, and everything else that is important for your decision.
On the hand hand, add-ons can really empover your trading if they fit the strategy. Cause some people do trade without stop-losses, though I cant really imagine how they do it, but they manage to do profits. Also, holding weekend deals is another rarity for me, but these can be obtained for some extra soum.
On the other hand, it seems like these things should be available on their own, like as a part of a challenge. Only the better split add-on seems reasonable.
The leverage here seems more than in other prop firms, and with 1:100 there are opportunities to hold some pretty high volume trades.
Still, risk management also needs to be a thing MT4 they use as a platform is good enough, does the job, but not the best in current market. Maybe they should consider some updates to like cTrader or MT5.
What makes ultimate trade stand out to me is the fact that they are an above the average prop firm with a user friendly and fast interface.
First of all after the testing phase they make sure to refund your registration money which is something a lot of prop firms don’t do so this alone makes them very reliable and trustworthy. Even when trading for them you have the opportunity to get up to 90% of the profit and a great support staff to assist you. They also make information readily available.
But no passing congratulation gives me the same chills as my first passed prop. firm stage.
Ultimate Traders have some good challenges, they are good ??
When I saw trading rules that Ultimate Traders requires, I realized that I needed to change my trading strategy
My trading during assessment was something like testing new parameters.
My old strategy brought about 20-30% profit and at the same time losses could reach 25%
Obviously, such parameters are not good for trading in this prop company.
Now, if I calculated correctly, my losses can reach 5%
This is a good result. But profitability of my trading also decreased
I read comments requiring more educational resources… Come on, pals. Access to educational resources is free all over the Internet, and everything is available…
In fact, among many of prop trading firms Ultimate Traders stand out. Taking pricing as an example. Guys managed to create a rather cost-effective infrastructure starting from the minimum fee required for payment if one wants to get access to the pre-funded account, ending with some spreads and profits allocation ratio.
I believe it's one of the most important things for companies, especially in this business. Traders must understand that the firm intends to help them to earn money but not to rip them off and ride off into the sunset, lol. I like them.
They made a simple infrastructure, tbh.
u know, there are no difficulties when you wanna pay the fee and get access to the account and the challenge, everything is done within seconds via Deel system which is quite attractive.
I understand that I judge from the perspective of a rather expertised trader, nevertheless I am certain rookies won't have any difficulties with payments out here.
as for challenge itself. uhm, didn't face troubles, basically. everything is connected to the t4trade's MT terminal which is more than just habitual to me:)
I have been in the trading field for a long time and I have worked with many different brokerage companies. To be honest, after a while I started to get bored of trading on financial markets and I wasn’t enjoying it anymore when I was trading on the forex.
I was feeling that I needed something new and interesting which would bring adrenaline to my trading and one day I realized that it is time to become a funded trader. I accidentally found the Ultimate Traders prop trading company and obviously I signed up there.
I read all the terms and conditions, and between the two challenges I chose a speedy one since I don’t want to waste a lot of time on assessment. I chose a funded account with 50, 000$ of deposit and paid only 399$ for that which is quite cheap. I started feeling new emotions!
I have been trading on financial markets for over 3 years and to be honest I have never tried out funded accounts in prop trading companies. So I thought it would be a good idea to find a reliable and cost-effective prop trading company and after a while I stumbled upon the Ultimate Traders organization.??
After reading all the terms and conditions I found out they offer two different challenges if you want to pass the assessment. I just chose a speedy challenge since I don’t want to waste a lot of time and because I’m able to pass the test pretty quickly. Anyway, wish me luck, dudes!??
Don't get me wrong. I'm doing great and now I'm trading on real account with this prop company.
But when I passed assessment, I WAS SO WORRIED.
I was afraid that I would make a lot of mistakes and I would not be allowed to participate in this project anymore(spoiler: everyone can try their hand an unlimited number of times)
So I wanted to thank customer support team for their SUPPORT. Yes, they told me about details and rules. And I realized that it's not as scary as I thought.
The website is not quite as informative as I would want it to be. However the evaluation process is not easy tho. Especially if you are not meticulous with your trading system
I am sure that many traders choose UT firm just because it provides great option for deposit expansion.
I know a lot of people who have decent trading strategy but are constrained in the possibility todeposit money.
I myself struggle with it a lot because my trading strategy is positional which means I need a substantial amount of money to make reasonable gains.
With Ultimate traders I increased my trading power dramatically.
Showing: 1 - 20 Reviews on Ultimatetraders
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I superficially looked through terms of the challenges campaign and cannot find the following: What trading platform do I use to take part in Challenges? Please elucidate me as it’s really important and I plan to work there.
Oct 28, 2024
By: Ameretat_Sen
Answers: 0
If I want to get an account with $10 000, which assessment method should I choose, Classic or Speedy?
Oct 09, 2024
By: Raghavan_Bose421
Answers: 3
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
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
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.
By: VMipkhra93
Does this prop company give a second chance to traders who made a mistake and as a result couldn''t go through evaluation process?
Jul 16, 2024
By: MotiBhai
Answers: 2
Yes, man. You can take as many chances as you want. Until you run out of money basically:)
Jul 17, 2024
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.
By: komerunjal
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
By: Mustafa7fd
Answers: 1
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
By: anuapanwar
Is it really possible to make consistent profits working with this prop trading firm?
Apr 23, 2024
By: VakpatiJadhav
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
By: EkbalKaul
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
By: Bharat_Brar
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