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Uprofit Trader


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Uprofit Trader

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  #1 (permalink)
Boston, MA. United States
 
Experience: Intermediate
Platform: Ninja
Trading: Futures and Forex
 
Fibbee's Avatar
 
Posts: 156 since Sep 2011
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Does anyone have any experience with Uprofit trader? (uprofittrader.com)

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  #2 (permalink)
Legendary Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Platform: Jigsaw daytradr
Trading: US Equity Index Futures
 
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They have an address and telephone number on their website at least which is a step up from Leeloo.
Their "UProfit Live Withdrawals" rules seem quite complicated with the safety net and variable percentage cuts based on different scenarios.
Topstep Trader was the first company in this space, all the others have copied their rules but changed them slightly to try and make them a bit more favourable on first impression for their own company. One example being the fact you only need to do one Step instead of two to get funded seems great, but for this company the slight catch is if you make a profit withdrawal in the first 45 days you only get 50% (trading days over calendar days presumably). Therefore you aren't going to want to make a withdrawal in that time so you won't be receiving money any more quickly.

Using TST as an example again because they have been around the longest (and because it is the only one of these company's that I have tested with), their website details the prominent people of the company, they produce profit newsletters, videos from their offices etc, ie you know who they are. A lot of the other company's you barely get more than an address.

You are choosing a company that if you get funded, will be holding your profit in their accounts for you, so in some respects like shopping around for a bank. I would choose a company principally on it's reputation.
Looking at the UProfit Community support the posts are less than six months old and until your post today I had never heard of them. Being new of course isn't a reason to avoid them but does mean you have a lot less reliable information to go on. At least with longer term companies you can see if there is a pattern in the online complaints and make a more informed decision.

Just my thoughts. Hopefully you will get some informed feedback from others.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
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  #3 (permalink)
Espaņa Madrid
 
 
Posts: 26 since Oct 2020
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Fibbee View Post
Does anyone have any experience with Uprofit trader? (uprofittrader.com)

Yes, i traded with uprofit, is the same than others financing companies.
For learning are good but for trading profesional is better a normal account.
The financing companies are made the way that you fail in any foolishness.
but as i say is a good way to learn , to practise the psicology an money management.
Anyway you can win some money , it is posible.

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  #4 (permalink)
North vancouver
 
Experience: Beginner
Platform: Ninjatrader, Firetip
Trading: ES YM
 
Posts: 130 since Oct 2016
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I don't see much difference between upfrofit, e2t, oneup etc.
They all have pretty much similar rules. If you want to try this intraday trailing drawdown hamster wheel, just go for more reputable company.

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