Uprofit Review: The Prop Firm for You? (2024)

As someone who has traded with Uprofit, I'm sharing this Uprofit review so those considering them can get a better idea for what to expect - from signup and onboarding, to support, and trading within their rules.

Uprofit Review: Fast Facts

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• Qualify for fundingin as little as 7 dayswith Uprofit.
• Dip your toes in a $9K account all the way up to $200K (from $800 - $5,000 drawdown per account)
• Trade up to 3 accounts simultaneouslyusing multiple strategies or one with a trade copier.
• Trade with up to $15,000 in riskusing multiple accounts, where you risk only your subscription fees.
• Get 100% of the first $15,000 earned in each funded account, then 80% of profits from there on.
• Freedom $150K (when available) for the best static drawdown by far,for those who don't want any trailing drawdown at all.
• You don't need to worry about hitting your threshold just because a winning trade came back on you. Their trailing drawdown threshold adjusts End of Day (EOD).
• These benefits (especially EOD traling and the Freedon $150K) help uprofit stay one of thebest futures prop firms.
• Save money with this uprofit discount code.
• Location: Uprofit is an online prop firm based in the US but serves international traders as well.
  • Address: 14090 Southwest Freeway, Suite 300, Sugarland, Texas 77478.
  • Phone number: 1(844) 500-4776
  • email: support@uprofittrader.com

With a 4.8 TrustPilot rating and many rave reviews, Uprofit user reviews look pretty good. These are always subject to change, but right now, Uprofit has:

• 90% 5-star reviews. 8% 4-star reviews.
• They respond to 90% of negative reviews.
• Most lower reviews are people who seem to not have read the rules, people promoting competitors, etc.

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Uprofit: Who's it for?

Uprofit might be for you if any of these apply:

• You want an EOD (end of day) drawdown limit.
• You aren't looking for your prop firm to provide you with trading education.
• You want to spread risk across a few accounts, for more potential profits with lower chances of hitting your risk limit
• You want more frequent withdrawals.
• You want the best static drawdown trading evaluation in the industry (not always available).

Uprofit Review: Signup & Setup

Uprofit signup process is smooth and automated. Pick a program, enter your information, and checkout.

You'll receive your login and setup information automatically, along with basic setup instructions.

When I went through setup,I was ready to trade within 5 minutesafter carefully following the instructions.

Rating:10/10

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Uprofit Review: Evaluation Pricing

Uprofit evaluations are priced below average. Their $50K evaluation is the best priced at that level. Although you should consider your trading priorities first, low pricing helps a lot to decrease the cost of trying to get funded.

Uprofit EOD Programs

Note: This program is not always available. Check back regularly.

You can always use my links here or this uprofit discount code for a better deal (the best deal at any given time).

Rating:10/10

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The best value is the $150K Freedom account. The $50K EOD account is 2nd best.

What makes these the best value? Profit-target / Drawdown ratio. In other words, the less you have to make, per dollar of risk, in order to qualify.

The Freedom $150K has a ratio of 2:3, and the drawdown doesn't move with your profits, it stays at $145K. Thisgives you far more freedom than any other evaluation in the industry. I guess that's why they call it the Freedom $150K.

The $50K has a good ratio of 4:5 - with your account threshold adjusting based on EOD profits.

If you fail your evaluation (break a rule), you can reset the account to try again. OR you can wait until your subscription renewal date, and your renewal will reset your blown account(s) automatically.

Uprofit prices resets according to account size:

What I like here:Including a reset with renewal is a great deal. Having a cheaper reset for the 9K eval is good, although it's not much less than the cost of the program.

What I don't like here:These resets are slightly more expensive than the cheapest resets out there. But if you read my articles you know I'm not a fan of resetting anyway, usually best to just wait for the free reset - since resetting doesn't change your billing date anyway.

Rating: 10/10

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Uprofit Review: Payout

Uprofitpays you 80% of your trading profits and keeps 20% as their revenue share. 80% payout is pretty normal for a futures prop firm, but some do pay out more.

They also pay out 100% of your first $15k in profits, making a nice bonus of up to $3,000. Great to have, but over a long profitable trading career, it should be a small drop in the bucket.

What I like here:Competitive payouts.

What I don't like here:It's not the highest in the industry.

Rating: 8/10

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Uprofit Review: Trading Platforms

Uprofit offers trading with Rithmic. For that, I recommend NinjaTrader 8, which is included free with your evaluation and your funded account.

You can also use anything that supports RTrader (Rithmic) data. There are many of those, including Quantower, MotiveWave, MultiCharts, Bookmap, and Overcharts. In total Rithmic works with over 50 platforms.

These platforms and more support Rithmic data and can be used with Uprofit.

What I like here:Every Rithmic-integrated platform you want to use should work.

What I don't like here:Some traders (not me) might wish for a mobile trading option.

Rating: 9/10

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Uprofit Review: Commissions

Uprofit commissions are a mixed bag:

• Full-size (e-mini) contract commissions:Above average cost
  • e-mini: $5 per roundtrip
• Micro-contract comms: The best I've seen on a futures funding program.
  • micro e-mini: $1 per roundtrip

What I like here:The micro e-mini commissions are fantastic, the lowest I've seen on any futures funding platform, by 30%. If you like to scale in/out with micros, this can save you a lot of money.

What I don't like here:The e-mini commissions are about a buck higher than the lowest among futures funding firms.

Rating:9/10

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Uprofit Review: Withdrawals / Payouts

Uprofit processes payouts Mon-Fri within 24 hours, excluding holidays.

To make a payout request:

• You need to have accumulated 4 winning days since your last payout request. They don't need to be consecutive.
• Your largest trading day must be below 30% of your total account profit.

Minimums: The minimum withdrawal is $100, regardless of account tier.

What I like here:If you want frequent payouts, it's possible here (as often as every 4 trading days). The $100 minimum is nice for small accounts.

What I don't like here:I don't particularly like "winning day" requirements. Simply having green days is arbitrary and may not work for people who take small losses trading for larger wins. The consistency (30%) rule is common at online props, because too many traders abuse the system. I'd like to see that go, but I get why they do it.

Rating:7/10

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Uprofit Review: Withdrawal Methods

Uprofit processes withdrawals through:

• Bank transfer within the US (ACH, Zelle)
• International bank transfers
• Paypal
• Crypto USDC (ERC20, Polygon, Solana, TRC20, Stellar)

What I like here:Plenty of options, ACH is free with most banks and Zelle doesn't charge a fee.

What I don't like here:I like to minimize the number of companies that have my bank info, and personally I'm not a fan of PayPal.

Rating: 9/10

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Uprofit Review: Max Account Size

Uprofit offers accounts up to $200,000. But the important number to consider with every prop firm is your drawdown amount, because really, that's your account size.

Uprofit's largest account gives you drawdown risk of $5,000.

What I like here:This is pretty average, but remember that their static account also gives $5K in drawdown and that is much better than any other static evaluation available.

What I don't like here:Wouldn't hurt to have another account with a higher drawdown risk, but that's not really a problem.

Rating:8/10

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Uprofit Review: Multiple Accounts

Uprofit allows you as many accounts as you want. Evaluation accounts will share the same user ID regardless of the number you purchase.

For live accounts, each user ID can only have three accounts associated with it, so if you have more live accounts they will be on a separate ID.

Having multiple accounts can be powerful.Here's why...

Bottom line: You can earn more while reducing the risk of blowing up an account.You can do that by spreading the risk for one trade among several accounts, using a trade copier. Read more about trading multiple accounts.

What I like here:If you can earn more, while sizing smaller relative to account loss limits, you can stay in the game longer, and that's important.

What I don't like here:For each fundedaccount, you'll have a separate account setup fee which varies by account size, but that's normal with online funding firms. More on those fees in the next section

Rating: 9/10

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Uprofit Review: Funded Account Costs

Uprofit charges a one-time assignment fee for data costs. That fee depends on your program, as follows:

Why do these fees exist? Uprofit is passing on to you, the fees they are charged for your data connection and execution connection for each account. It comes with the territory.

What I like:I like the idea of a one-time fee versus a monthly fee. The fee on the $150K Freedom account is the best in the industry (per dollar of allowed drawdown).

What I don't like:Some companies allow the trader to choose between a one-time fee and a monthly fee, giving traders more control.

Rating:10/10

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Uprofit Review: Evaluation Profit Target

Uprofit's profit targets are mostly in line with the other top futures funding firms out there. The exceptions are the Freedom $150K and the $9K Basic program.

The profit target on the Freedom $150KProfit, as a percentage of starting capital is 3.33%, way below average.

The profit target on the $9K Basic program is 10% of starting capital, way above average.

You can see all of them here:

What I like here: The Freedom $150K really shines with the 3.33% target.The 50K, 100K, 200K are still simple, straightforward, reasonable targets.

What I don't like here:The target on the $9K account is excessive.

Rating:10/10

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Uprofit Review: Evaluation Drawdown Limits

Uprofit trader evaluation drawdown limits are the amount you can draw down from your "high water mark" before you hit your threshold and fail the account.

Uprofit offers two great advantages here:

1. Your high-water-mark (highest account value) is only adjusted at the end of each day.
2. Once your threshold level reaches your starting balance, it stops trailing and becomes static.

How does #2 work? For example, in a $100k account with a $3,000 drawdown, that level starts at $97,000. When you build up $3,000 in profits for a balance of $103,000, that level moves up to $100,000 and stays there - regardless how high your balance goes.

Max drawdowns range from 2.5% to 8.8%. Once again, the $9K account is an anomaly here.

What I like:End of Day (EOD) drawdown limits instead of unrealized trailing drawdown. The fact that the threshold stops trailing once it reaches your starting balance. Not many online prop firms offer that feature in the evaluation.

What I don't like:Although common, a 2.5% drawdown limit at the $200K account level is a bit conservative.

Rating:8/10

Uprofit Review: Profit Target / Drawdown Ratio

The profit-target-to-drawdown ratio gets overlooked so often, but it is one of the most important things to consider.

How much are you expected to make to pass, versus how much you can draw down before failing?

This affects the ease/difficulty of passing more than any other metric, for most traders.

The more room you have, per dollar you need to earn, the better your odds of passing.

What I like here:I'm sounding like a broken record, but the $150K Freedom account is awesome here. The others aren't bad.

What I don't like here:All prop firms including Uprofit offer less favorable ratios of profit-target-to-drawdown on their bigger accounts. I'd like to see 1:1 ratios at all account levels.

Rating:8/10

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Uprofit Review: Funded Account Drawdown Limits

Uprofit's drawdown limits keep it simple. No switcheroo when you get funded - your max drawdown stays the same, and the threshold works the same way.

Once you reach the balance equal to (starting balance + drawdown amount), you can keep building as much cushion as you want, and your threshold will remain at your starting balance amount.

What I like: I appreciate them keeping limits and thresholds the same as the evaluation, EOD and static once the threshold exceeds starting balance.

What I don't like:Nothing not to like

Rating: 10/10

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Uprofit Review: Evaluation Rules

Uprofit has more rules than some prop firms, but they're reasonable.

Hard rules (will blow up your account if broken)

• Don't hit daily loss limit.
• Don't hit max drawdown with net loss (including commissions).
• Trade within the allowed trading times (6pm ET - 4:10 PM ET)
• Don't exceed max contract limit.

That's it. Pretty simple.

What I like:Not too complicated, reasonable rules.

What I don't like: Not a negative, just be aware - You have to remain conscious of your position size, max contracts and daily loss limit. You must limit yourself (there is nothing to prevent you going over).

Rating: 9/10

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Uprofit Review: Funded Rules

Uprofit's funded accounts add an extra rule to the evaluation rules listed right above.

Funded accounts include a scaling plan for contract size. That means, you have different max contract limits depending on your amount of profit in the account.

What I like:Nothing. Other than that uprofit's intentions with a scaling plan are probably good (trying to instill discipline).

What I don't like: I strongly dislike scaling plans. They complicate things without adding (in my opinion) any benefit to traders. Yes, you should control your size based on how much room you have to trade, but in my experience, successful traders scale up after hundreds of thousands in profits, not after making $2,000.

In my opinion, you should just never exceed the max of the lowest tier. For example, on the 50K account, just don't use more than 2 minis, ever, until you're wayyy beyond $4,000 in profit. It's more than enough size, and that way you don't accidentally get caught in too many contracts when your P&L dips.

Rating: 3/10

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Uprofit Review: Trading News

Uprofit allows you to trade on news. They don't make any rules about this. But it's always possible any prop firmcould have an issue with you making big gambles on economic data releases, etc.

What I like:Traders who want to trade news have a place here where they can do that.

What I don't like:I don't personally trade on news, so I can't opine here. As long as they have risk controls in place to stop some gambler from causing the firm big losses, all good.

Rating: 9/10

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Uprofit Review: Holding Overnight, on Weekends, & Over Holidays

Uprofit doesn't allow you to hold when the futures markets are closed. You can trade during allowed hours (6pm ET - 4:10 PM ET).

What I like:I'm indifferent because I don't want to hold through weekends, etc. anyway..

What I don't like:Traders who want to take on swing trades will have to do it somewhere else.

Rating:8/10

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Uprofit Review: Markets Traded

Uprofit offers futures (CME, NYMEX, COMEX, & CBOT).

What I like:They offer all the futures products I need.

What I don't like:I wish some online prop firms would branch out into stock trading, but I understand why they don't (less leverage).

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Uprofit Review: Support

Uprofit's support team has been good to me. They're responsive and helpful through the chat support on their website and through email.

What I like: Good support

What I don't like:Nothing.

Rating:8/10

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Uprofit Review: Final Verdict

I like Uprofit, and in case you haven't noticed, I especially like their Freedom $150K static account. There isn't anything else like it out there.

Overall, there are a handful of things that make Uprofit a great option:

• Simple rules
• Reasonable pricing
• Unlimited accounts for scaling up.
• Low commissions add up to large savings over time.
• Did I mention the best static drawdown trading evaluation available?

Overall Rating:8.64/10

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