UProfit Review

UProfit is a well-known prop trading firm from the United States.

But is UProfit a scam?

No, it isn’t!

Our review and experience show that UProfit is a safe proprietary trading firm.

Sign up with UProfit now!

You can share your experiences with UProfit within our comment section.

Key Takeaways

• UProfit is a safe prop firm and has achieved an impressive Trustpilot score within 5 – 6 years of launching. Plus, it offers access to trade all future products from exchanges like CME, NYMEX, COMEX, and CBOT
• Their profit-sharing ratio is 80:20, and UProfit lets traders keep 100% of their profits up to the first $15,000. In February 2024, UProfit funded 1,385 with payouts totaling over $431,000. Their average monthly withdrawal exceeded $300,000
• This comprehensive review of UProfit will go over this trading company’s features, the pros and cons, the requirements for getting a live account, their costs, regulations, and more

About UProfit

Founded in 2019 by Lindsay Duff, UProfit is a Texas-based company that is quickly becoming a go-to platform for aspiring traders. The UProfit team has years of experience teaching and funding traders. In fact, they learned the ropes by working with other funded account programs before starting this prop firm.

Furthermore, UProfit boasts a team of over 40 skilled individuals and stands out for its user-friendly funding program. They make getting started easier than ever with a quick and straightforward one-step verification process.

And their commitment to helping traders is clear. In February 2024 alone, they funded over 1,385 traders and distributed over $431,000 in payouts. UProfit also has a Facebook community group where you can connect with them. They’re also active on Twitter and YouTube.

Safety and Regulation

Our research, which included real user experiences and our own testing, shows they prioritize beginner traders. Features like 24-hour payouts, exceptional customer service, and clear and simple rules make the platform a reliable choice for traders looking to grow their skills and profits.

A strong online presence can be a good sign when considering a financial platform. Take Trustpilot, for example. UProfit’s high Trustpilot score (4.8) with many reviews (over 5,991) suggests a positive user experience.

Another positive sign is UProfit’s impressive ranking among the top 10% (number 8 out of 48) in the Trustpilot e-commerce service category. That said, we haven’t stopped at online reviews.

We’ve also researched financial news articles and information from relevant regulatory bodies. Our investigation demonstrated that UProfit is a reputable platform, and its user-friendly approach and positive user experiences are promising.

Accepted Countries

UProfit welcomes traders from around the world, following standard trading platform rules. However, according to its official privacy policy, you can’t use it in countries facing UN or US sanctions. It also doesn’t accept traders from countries that don’t meet established data protection standards.

This ensures a safe and secure trading environment for all users. Countries like North Korea, Iran, and others fall into these categories, where UProfit’s services may not be available for regulatory or compliance reasons. Here is a list of accepted countries that we have put together for convenience.

• Australia: Yes, registration is possible
• Canada: Yes, registration is possible
• Ghana: Yes, registration is possible
• Hong Kong: Yes, registration is possible
• India: No, registration isn’t possible
• Ireland: Yes, registration is possible
• Kenya: Yes, registration is possible
• New Zealand: Yes, registration is possible
• Nigeria: Yes, registration is possible
• Pakistan: Yes, registration is possible
• Philippines: Yes, registration is possible
• Singapore: Yes, registration is possible
• South Africa: Yes, registration is possible
• United Kingdom: Yes, registration is possible
• United States: Yes, registration is possible

Evaluation Process

At UProfit, the evaluation process is necessary for traders looking to get started. Don’t worry; this is just a one-step evaluation. You simply need to sign up for their program, and no credit card is needed.

After signing up, you will need to choose an evaluation program. While this is a standard procedure on most platforms, we’ve discovered that it’s often simpler and quicker than others.

The process involves real-time evaluation of day traders’ performance. Once you pass this stage, you’re rewarded with a UProfit trader funded account. Traders are required to have a minimum of 5 active trading days to qualify for a live funded account.

Let us help you simplify the entire evaluation process:

• Evaluation Account
• Evaluation Program
• UProfit Live Funded Account
  • Scaling Plan

Evaluation Account

The UProfit Evaluation Account is your gateway to the futures market. After signing up, you will get all the credentials to configure your RTrader account in your email. To access live trading, traders must first complete the evaluation program.

During this phase, traders are required to trade for a minimum of 5 days, with no maximum duration specified. Traders are subject to a daily loss limit to ensure responsible trading practices.

At the end of each trading day, a pro drawdown assessment occurs. Trading hours are from 6:00 PM ET to 4:10 PM ET the following day, providing ample time for trading activities. Accounts can be restored in the event of accidental rule violations, allowing traders to continue their evaluation.

Evaluation Programs

UProfit Trader offers four evaluation programs (three of them are limited time only) tailored to suit your trading goals and strategies, ranging from $9,000 to $200,000 in capital.

• With the Basic Program, you’ll start trading with $9,000 in capital
• The Advanced Program allows you to enhance your strategies with $50,000 in capital
• The Elite Program gives you access to $100,000 in capital to increase your portfolio and trade more confidently
• Lastly, the Premium Program offers $200,000 in capital for growth and success

Each program has profit targets, daily loss limits, maximum contracts, and pro drawdowns. For example, the basic program has a profit target of $900 and a daily loss limit of $350. After passing these programs, you will be eligible for a live-funded prop account.

If you violate the program rules, UProfit offers a reset option for a fee, which varies depending on the program. Reset fees range from $59 to $99. After paying, you can restore your account and continue with your evaluation program.

Here is a handy chart that breaks down all the details of their main evaluation programs in one place.

UProfit Live Funded Account

Once you complete the UProfit trader evaluation phase, you’ll unlock access to a live funded account. There’s a one-time assignment fee.

UProfit charges a one-time fee ($100-$380) for your live account. This eliminates monthly data feed fees.

After paying, simply sign the contract, get all your credentials, and start trading. Keep in mind that there are a few trading rules to follow.

Scaling Plan

UProfit allows traders to scale their accounts depending on how much profit they generate. For example, traders can start with a maximum of 2 contracts when their account balance ranges from $0 to $1,500.

As their balance grows, reaching $8,001 or more, they can trade up to 20 contracts. UProfit also implements a daily loss limit to mitigate risk management.

Note: The basic plan has no scaling contracts.

Challenge Trading Rules

Here are the general rules that you need to be aware of:

• Profit Target
• Profit Split
• Trading Period
• Minimum Trading Days
• Maximum Daily Loss
• Maximum Loss
• Maximum Position Size
• Maximum Capital Allocation and Multiple Accounts
• Trading Types
• Leverage
• Trading Style
• Trading Hours
• News Trading
• Weekend and Overnight Trading
• Expert Advisor
• Copy Trading

Profit Target

Prop traders must meet the following profit targets depending on their account:

• The Basic Program = $900
• The Advanced Program = $2,500
• The Elite Program = $6,000
• The Premium Program = $10,000

Profit Split

Normally, UProfit splits profits with you 80/20 (you get 80%). However, you get to keep 100% of your profits for the first $15,000 you make. To promote responsible trading and account security, a safety net period exists during the first 40 days. During this timeframe, a 50/50 profit split is implemented.

Trading Period

There is no maximum trade duration. Traders can continue trading until they reach their specified goals, allowing for flexibility and progress at their own pace.

Minimum Trading Days

At UProfit, you need to trade for at least five days, which applies to all programs. During these days, they check how you’re doing and whether you’re following the rules.

Maximum Daily Loss

UProfit implements a maximum daily loss limit to manage risk effectively so traders don’t lose big. Apart from the Freedom Program, the rest have a daily loss limit.

• The Basic Program = $350
• The Advanced Program = $1,100
• The Elite Program = $2,200
• The Premium Program = $4,000

Maximum Loss

At UProfit, the maximum loss, or drawdown, varies based on the program you’re enrolled in. This pro drawdown limit is calculated at the end of each trading day. If your losses exceed this limit, your trading account may be closed to protect against further losses.

• The Basic Program = $800
• The Advanced Program = $2,000
• The Elite Program = $3,000
• The Premium Program = $5,000

Maximum Position Size

The maximum position size, or the maximum number of contracts at UProfit, depends on your available capital. Here’s the breakdown:

• The Basic Program = 5 Contracts
• The Advanced Program = 6 Contracts
• The Elite Program = 12 Contracts
• The Premium Program = 20 Contracts

Maximum Capital Allocation and Multiple Accounts

At UProfit, there’s no limit to the number of evaluation accounts you can have. For funded accounts, though, you can only have 2 per email.

As for the maximum capital allocation, this information isn’t available on their website. You can work around this by creating separate email addresses to manage multiple funded accounts.

Trading Types

The only supported trading type is Futures on major exchanges like CME, NYMEX, COMEX, and CBOT.

Leverage

UProfit does not offer leverage, meaning traders can only trade with the capital they have available in their accounts without borrowing additional funds.

Trading Style

UProfit doesn’t restrict trading styles, but their focus on futures suggests they’re well-suited for Trend Following, Range Trading, and Scalping strategies due to the time-sensitive nature of futures contracts. You are free to choose the trading approach you are comfortable with.

Trading Hours

Trading at UProfit starts at 6:00 PM ET and ends at 4:10 PM ET, excluding holidays. All trading positions must be closed by the end of the trading day. However, positions can be opened after 6:00 PM ET during the trading day.

News Trading

UProfit allows trading during news without restrictions. This makes them a great choice for trend traders who rely on market news and events for their strategy.

Weekend and Overnight Trading

UProfit doesn’t allow weekend and overnight trading. The platform focuses exclusively on day trading, requiring futures traders to close their contracts by the end of the trading day.

Expert Advisor

At UProfit, traders can use Expert Advisors (EAs) to help with trading. This is a plus for traders who prefer to automate their trading strategies.

Copy Trading

The same goes for copy trading as well. UProfit allows copy trading, allowing traders to mimic the trades of others.

Trading Platforms

UProfit provides a variety of trading platforms to suit your needs. Their top recommendation is NinjaTrader, which is known for its user-friendly interface and advanced features like charting and trade simulation.

They also fully support R|Trader and R|Trader Pro, both from Rithmic, which offer real-time data and trade management functionalities. You can also use other trading platforms that support Rithmic data.

Here is a list of the supported platforms:

• Bookmap
• Motive Wave
• InsideEdge Trader
• Collective2
• Quantower
• TigerTrade
• Optimus Flow
• Agena Trader
• Volfix
• QST
• ScalpTool
• Medved Trader
• Photon
• Trade Navigator
• Overcharts
• MultiCharts
• QScalp
• TSLAB
• Sierra Chart
• RTrader
• RTrader Pro

Trading Instruments

At UProfit Trader, you can trade various instruments across different markets, including CME, NYMEX, COMEX, and CBOT. This means you can trade futures contracts for major indices like the S&P 500 (ES) and Nasdaq 100 (NQ), along with mini-sized versions for more flexibility.

They also offer futures contracts for currencies like Euro and Yen, commodities like corn and wheat, and even interest rates and energy futures like oil. Here is a list of instruments you can trade:

CME Equity Futures:

• ES
• NQ
• RTY
• NKD
• MES
• MNQ
• M2K

CME FX Futures:

• 6B
• 6C
• 6A
• 6E
• 6J
• E7
• 6S

CME Agricultural Futures:

• LE
• HE
• ZS
• ZM
• ZL
• ZC
• ZW

CME CBOT Interest Rates:

• ZT
• ZF
• ZN
• TN
• ZB
• UB
• GE

CME CBOT Equity Futures:

• YM
• MYM

CME COMEX Futures:

• SI
• HG
• GC
• MGC

CME NYMEX Energy Futures:

• CL
• QM
• GN
• QG

Brokers

UProfit operates in the futures market by partnering with futures brokers to provide trading capital.

However, they don’t disclose who these brokers are. This is a common scenario with most funded trader programs.

Other Products

UProfit cuts straight to the chase as a trading platform, but that’s where it stops. Unlike some competitors, they don’t offer educational resources or additional products for traders looking to learn or explore beyond the basics of futures trading. The UCT futures trading course is a good starting point.

Blog

Their blog is a great place to learn the basics of futures trading. You’ll find articles on the basics of trading, strategies, and tips to become a better trader. For advanced trading tips, you’ll need to take a professional trading course.

Prices and Challenge Fees

UProfit challenge programs come with monthly subscription fees. This fee includes all costs associated with evaluation programs, so traders won’t have to pay anything extra.

• The Basic 9K Program for $89/month
• The Advanced 50K Program for $160/month
• The Elite 100K Program for $315/month
• The Premium 200K Program for $580/month

Remember that the monthly fee for UProfit’s evaluation programs is non-refundable. The good part is there are no other hidden costs associated with these monthly subscriptions.

On the other hand, UProfit live accounts charge one-time assignment fees. After this one-time setup fee, there are no monthly charges. Here are the details:

• The Basic 9K Live Account: $100
• The Advanced 50K Live Account: $150
• The Elite 100K Live Account: $250
• The Premium 200K Live Account: $380

If you accidentally break the rules of your UProfit account, there’s a solution. They call it “reset.” You simply pay a reset fee, allowing you to restore your account to its original state and giving you a fresh start.

The reset fee varies depending on the evaluation program you’re enrolled in. For the 9K evaluation program, the fee is $59. If you’re in the 150K evaluation program, the fee is $175. For all other evaluation programs, the fee is $99.

Payment Methods and Payout System

UProfit accepts various payment methods, including credit and debit cards, PayPal, cryptocurrencies, and a regional option (PayRetailers) for LATAM users.

There are a few withdrawal rules if you want to withdraw money from UProfit. You can withdraw a minimum of $100. Also, they don’t allow third-party transfers, so withdrawals can only be made to the account holder.

You can withdraw funds from your account after winning for at least four days. And these days don’t need to be consecutive. To maintain stability in your trading activities, make sure your best trading day stays below 30% of your total account profit.

One of the best features of UProfit is its fast payout times. You’ll get funded within 24 hours, Monday through Friday. As for withdrawal options, this can be made via cryptocurrency, PayPal, and bank transfers inside and outside the US.

Registration and KYC

The registration process with UProfit is really simple. Just follow these steps:

1. Go to the UProfit website.
2. The top right corner of the page has a black button that says “Register.” Click it.
3. A registration form should appear. Enter your email address and password in the designated field.
4. A checkbox near the bottom of the form will confirm if you are 18 years old or older and agree to UProfit’s terms and conditions.
5. Once you’ve completed the form and agreed to the terms, click the “Create Account” button.
6. After successful registration, UProfit will send you a confirmation email with your login credentials.

This email typically includes your username or email address and the password you created. You’ll need this information to log in to your UProfit account. No credit card is required to sign up.

Once registered, you can choose the program that suits you best and purchase it to start trading.

If it’s your first time registering, you must undergo an evaluation process. This step helps determine your trading skills and ensures you’re ready for live trading.

Remember that KYC verification is only required when trading with a live account using real money.

Discount and Promo Code

UProfit gives traders monthly promo and discount codes so they can save on their trading programs. At the time of this writing, we found some third-party promo codes that offered a generous 60% discount on selected programs.

Traders can also take advantage of their official weekly and monthly promotions for discounts of up to 50%. Remember that UProfit updates these promotions monthly, and they are time-limited and usually last 30 days.

Free Trial and Demo Account

UProfit doesn’t offer a free trial or a demo account, but signing up is free and easy. Once you’ve signed up, you’ll need to go through an evaluation process.

This evaluation program is paid, but it’s necessary to assess your trading skills. After you pass the UProfit qualification, you’ll receive a funded account to start trading with real money.

Mobile App

UProfit doesn’t have its own mobile app. You’ll need to use their website for all account-related functions, including signing up, completing the evaluation process, and managing your funded account.

However, UProfit allows using the NinjaTrader app, similar to other prop trading firms. NinjaTrader does have a mobile app, so once you’ve acquired a funded account, you can manage your trades on the go.

However, the evaluation process cannot be done through any mobile app. You’ll need to use a desktop or laptop to complete the evaluation on the UProfit website.

Customer Service and Support

Based on our experience and the positive reviews we’ve read online, UProfit’s customer service and support are excellent. In our talks with traders and involvement in trading communities, we’ve consistently heard good things about its helpful and knowledgeable support team.

The website provides users with a helpful help menu, FAQ section, and a variety of articles for informational purposes. If you want to learn about evaluation or how to manage your live account, we suggest you go through their help menu first.

You can also easily reach their support team by clicking the support button. This is located in the bottom right corner of their website.

Additionally, they offer live support through the live chat feature, or you can leave a message to receive a quick response.

Taxes

As a trader, taxes are your responsibility. UProfit only provides you with a trading platform, but it’s up to you to comply with local tax laws and regulations.

If you receive income from prop trading with UProfit, you will have to pay income tax. Any prop trading income will be taxed whether you’re trading full-time or part-time.

Also, make sure you keep accurate records of your trades and consult a financial professional to understand your tax obligations.

Learn more in our dedicated guide about “Prop Trading Taxes“.

Alternatives to UProfit

In the prop trading world, UProfit has several competitors and alternatives. Some notable competitors include:

FTMO

If you specialize in forex trading or prefer the flexibility of CFDs, FTMO might be a better choice. One of the key advantages of FTMO is its high profit-sharing ratio, allowing traders to keep up to 90% of their profits once they qualify for a funded account.

Topstep

Topstep offers a range of educational resources and coaching programs that are beneficial for aspiring traders or those seeking to refine their skills in future markets and maintain a profitable trading career.

Apex Trader Funding

The best part of Apex Trader Funding is its generous profit split, allowing traders to keep 100% of their profits up to a certain threshold before transitioning to a profit-sharing arrangement which is 90%.

Conclusion

To recap the question, is UProfit legit? Yes, based on our findings and evidence, we can confidently say that UProfit is indeed a legitimate and trustworthy choice for traders.

UProfit stands out for its user-friendly platform, relaxed trading rules, and excellent customer support. With high ratings and positive reviews from traders, it’s evident that UProfit is a trusted option in the prop trading industry.

Furthermore, their quick payout process adds to their credibility, assuring traders of a safe and reliable trading experience. If you’re new to trading and looking for a platform that prioritizes trader satisfaction and safety, UProfit is clearly one of the best futures prop firms out there.

Sign up with UProfit now!

And that sums up our UProfit trader review. Ready to experience the benefits of UProfit? Take the next step and sign up today to start your trading journey with confidence.

Frequently Asked Questions

Here, we’ll answer some of the most common questions about UProfit.

Is UProfit Legit or Scam?

UProfit is a legit trading platform with a solid track record. The “Safety and Regulation” section has more information on this.

Is UProfit regulated?

No, UProfit is not regulated. Read more about this under “Safety and Regulation.

What is UProfit?

UProfit is a proprietary trading firm. See “About UProfit” for more details.

What broker does UProfit use?

UProfit does not disclose its brokerage partner. The “Brokers” section can provide more information on this.

How many UProfit accounts can I have?

Traders can have multiple UProfit accounts as long as they pass the evaluation process. Detailed information can be found in the section “Maximum Capital Allocation and Multiple Accounts“.

Where is UProfit located?

UProfit is based in Sugar Land, Texas, United States. The “About UProfit” section will provide more information.

Does UProfit allow an expert advisor or copy trading?

Yes, UProfit supports expert advisors and copy trading. You can learn more about this under the sections “Expert Advisor” and “Copy Trading“.

Is UProfit legal in the US?

Yes, UProfit operates legally within the United States and according to Texas laws. Please refer to the “Accepted Countries” section for more information.

How long has UProfit been around?

UProfit was founded in 2019 and has been around for a while. The “About UProfit” section has more info on this.

How much does UProfit cost?

Costs vary depending on what evaluation program you choose. Check “Prices and Challenge Fees” for details.

How often does UProfit pay out?

Payments from UProfit are processed within 24 hours, Monday through Friday. See “Payment Methods and Payout System” for more info.

Liam Matthews

Having more than eight years of trading experience, I know how hard it is to find a good and reliable Prop Trading Firm and not to choose the wrong one. With PropTradingScam.com I want to help you to pick the right one, stay safe, and share your experience.