If you’re looking for a way to enter the world of futures trading without risking a significant amount of your own capital, UProfit might be the solution you’re seeking. As a proprietary trading firm based in Texas, USA, UProfit provides traders with access to a wide range of futures instruments and the opportunity to trade using funded accounts. This article will cover everything you need to know about UProfit, including how to use their discount code, what they offer, and why it might be the right choice for you.
What is UProfit?
UProfit is a futures proprietary trading firm that was founded in 2019. They provide traders with access to trade various futures instruments without risking their own money. Instead, traders are evaluated through a one-step challenge to ensure they can manage risk and generate profits. Upon passing the evaluation, traders gain access to funded accounts ranging from $9,000 to $200,000, depending on the program they choose.
Key Features of UProfit
- Account Sizes: UProfit offers multiple account sizes to suit different trading needs and experience levels. These range from the Basic Program with a $9,000 account balance to the Premium Program with a $200,000 account balance.
- Profit Split: Traders keep 100% of their first $15,000 in profits. After this, the profit split is up to 80% for the trader.
- Platforms: UProfit supports a wide range of trading platforms including NinjaTrader, Bookmap, AgenaTrader, and many others, allowing traders to use their preferred tools.
- No Leverage: The trading accounts operate with a 1:1 leverage, meaning the account balance is equivalent to the buying power.
- Flexibility: The evaluation process has no time limits, giving traders the freedom to complete it at their own pace.
How to Get a UProfit Discount Code?
UProfit offers regular promotions to help new traders get started at a lower cost. To redeem the current discount, follow these steps:
- Visit the UProfit Website: Click on the affiliate link here to access the UProfit official site.
- Select Your Program: Choose the account size that best fits your trading style and goals.
- Complete the Purchase: Finish the registration and payment process to start your evaluation with UProfit. The discount will automatically apply through the affiliate link.
UProfit Programs Overview
UProfit offers several different programs to cater to traders of various skill levels and account sizes. Below is an overview of each:
1. Basic Program
- Account Size: $9,000
- Cost: $89/month
- Profit Target: $900 (10%)
- Maximum Drawdown: $800 (8.9%)
- Daily Loss Limit: $350 (3.9%)
This program is ideal for beginners who want to get a feel for trading with a small account size and minimal risk.
2. Advanced Program
- Account Size: $50,000
- Cost: $160/month
- Profit Target: $2,500 (5%)
- Maximum Drawdown: $2,000 (4%)
- Daily Loss Limit: $1,100 (2.2%)
The Advanced Program suits traders who are more comfortable with managing larger account sizes and want a bigger challenge.
3. Elite Program
- Account Size: $100,000
- Cost: $315/month
- Profit Target: $6,000 (6%)
- Maximum Drawdown: $3,000 (3%)
- Daily Loss Limit: $2,200 (2.2%)
For traders with more experience, the Elite Program provides a substantial account size to trade more significant positions.
4. Premium Program
- Account Size: $200,000
- Cost: $580/month
- Profit Target: $10,000 (5%)
- Maximum Drawdown: $5,000 (2.5%)
- Daily Loss Limit: $4,000 (2%)
The Premium Program is designed for professional traders looking for a high-stakes environment with a large trading account.
How Does the Evaluation Process Work?
The evaluation process at UProfit is straightforward and involves a one-phase challenge. Traders need to meet the profit target and adhere to specific risk management rules such as not exceeding the maximum drawdown or daily loss limit. Unlike many other proprietary trading firms, UProfit’s evaluation has no time limit, allowing traders to complete it at their own pace.
Evaluation Rules:
- Minimum Trading Days: 10 days
- Profit Target: Varies depending on the account size
- Maximum Drawdown: Defined by the program
- Daily Loss Limit: Specific to each program
Once you pass the evaluation, you’ll gain access to a funded account where you can start earning real profits.
Trading Platforms Supported by UProfit
UProfit supports a diverse range of trading platforms to cater to various trading styles and preferences. Some of the supported platforms include:
- NinjaTrader: Known for its robust charting and technical analysis tools.
- Bookmap: Offers a real-time market data visualization platform.
- AgenaTrader: Suitable for traders who require advanced functionalities.
- MotiveWave: A comprehensive platform that includes strategy building, backtesting, and more.
- Photon: An advanced trading platform for professional traders.
- Collective2: Allows traders to automate their trading strategies.
- Quantower: Provides multi-asset trading capabilities and complex analysis tools.
These platforms ensure that traders can choose the tools that best suit their trading style and preferences.
Pros and Cons of UProfit
Pros
- Flexible Evaluation: No time limit for the evaluation process.
- 100% First Profits: Traders keep all of the first $15,000 they earn.
- Multiple Platforms: Supports a wide range of trading platforms.
- Simple Rules: Easy-to-understand rules and conditions.
Cons
- No Crypto Futures: Currently, UProfit does not support crypto futures trading.
- Profit Split Cap: The profit split is capped at 80% after the first $15,000.
UProfit Customer Support and Resources
UProfit offers customer support through various channels including live chat, email, and phone. Their support hours are from 8:00 AM to 7:00 PM Eastern Time. While their support is comprehensive, it’s not available 24/7, which may be a limitation for traders in different time zones.
Educational Resources
UProfit does not offer extensive educational resources. Traders are expected to have basic knowledge of futures trading before joining. However, they provide a detailed FAQ section on their website and a few basic trading guides.
Conclusion
UProfit is a solid choice for traders looking to get funded and trade futures without risking their own capital. With a straightforward one-step evaluation process, access to multiple platforms, and a flexible approach to trading, it stands out as a reliable option in the proprietary trading space. By using the discount code “INVEST”, you can get started with a 10% discount on any of their programs.
If you’re serious about becoming a funded trader and want a partner that offers flexibility and competitive profit splits, UProfit is worth considering. Happy trading!
