Introduction:
In the dynamic world of trading, finding the right prop trading firm is crucial for traders looking to prove their skills and access fully funded trading accounts. In this comparison blog post, we will explore two renowned firms, UProfit Trader Funded Program and FTMO Prop Trading Firm. As traders who have experienced both platforms, we will provide insights into their evaluation processes, trading objectives, payout systems, available trading platforms, and additional benefits.
| Prop Firm Details | FTMO | Uprofit |
| Year Founded | 2014 | 2019 |
| Maximum Balance | $2,000,000 | $200,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Equity Futures Forex Futures Agricultural Futures Energy Futures Interest Rate Futures Metals Futures |
| Challenge Type | Two Step Evaluation | One-Step Evaluation |
| Trading Platforms | MT4 MT5 cTrader |
NinjaTrader TigerTrade OptimusFlow InsideEdge Trader Volfix Overcharts Medved Trader Quantower QST ScalpTool TSLAB TradeNavigator SierraChart MultiCharts Photon MotiveWave Bookmap X-Ray |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ✅ | ✅ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.9 / 5.0 | 4.8 / 5.0 |
| Trust Pilot Reviews | 4,408 | 5,617 |
| Payment Types | Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
Paypal Crypto Credit Card |
Evaluation Process:
At UProfit Trader Funded Program, we found their evaluation process to be well-structured and comprehensive. Traders are required to meet specific risk management rules, including daily loss limits and Pro Drawdown EOD, to demonstrate discipline and protect capital effectively. The program offers multiple account options, catering to traders with varying experience and capital levels.
FTMO Prop Trading Firm also impressed us with its rigorous evaluation process. The two-step Evaluation Course, consisting of the FTMO Challenge and Verification stages, aims to identify trading talents. Traders need to meet the Trading Objectives, showcasing their risk management capabilities. Successful completion of the evaluation course can lead to a placement in the FTMO Proprietary Trading firm, where traders can manage substantial account balances.
Payout System:
UProfit Trader Funded Program offers profit-sharing opportunities for traders. Upon successful completion of the evaluation process, traders gain access to fully funded trading accounts and can withdraw their profits. UProfit reports an average monthly withdrawal of over $200,000, providing a lucrative opportunity for skilled traders.
FTMO Prop Trading Firm provides a competitive payout system. By default, the payout ratio for FTMO Traders is set at 80:20. However, traders who meet the conditions of the Scaling Plan can enjoy an increased account balance by 25% every 4 months, along with an impressive payout ratio of 90:10. Traders can request payouts on-demand, providing flexibility in managing their profits.
Trading Platforms and Instruments:
UProfit Trader Funded Program focuses on trading futures markets, offering a variety of products from reputable exchanges. Traders have access to popular trading platforms, enabling them to execute their strategies effectively.
FTMO Prop Trading Firm provides a diverse range of trading platforms, including MT4, MT5, and cTrader. Traders can choose the platform that suits their preferences and trading style. Additionally, FTMO offers access to various trading instruments, such as Forex, Indices, Crypto, and Commodities, allowing traders to diversify their portfolios.
Additional Benefits:
UProfit Trader Funded Program has received positive feedback from traders who appreciate the clear trading rules, realistic profit targets, and excellent customer service provided by the platform. Traders have found UProfit to be a reliable and supportive platform for their trading career.
FTMO Prop Trading Firm offers several additional benefits to traders. They provide custom trading apps to assist with discipline, journaling, and market analysis. Traders also benefit from account analysis, unbiased feedback, and support from the customer support team. FTMO’s Trading Academy offers educational resources, including tutorials, webinars, and collaborations with experienced traders and mentors, enhancing traders’ knowledge and skills.
Conclusion:
Both UProfit Trader Funded Program and FTMO Prop Trading Firm offer valuable opportunities for traders to prove their consistency and access fully funded trading accounts. UProfit stands out with its emphasis on risk management rules, multiple program options, and positive testimonials from traders. On the other hand, FTMO impresses with its comprehensive evaluation process, competitive payout system, diverse trading platforms, and additional benefits.
As traders, we understand the importance of finding the right prop trading firm that aligns with your goals and preferences. Whether you choose UProfit or FTMO, both platforms provide unique benefits and have established themselves as reliable and supportive platforms for traders looking to build successful trading careers.
