Upcomers is a fairly new prop firm which has been launched in 26 August 2024 and offer traders capital of up to $200K in funding with a max scaled up capital allocation of up to $2.5 Million. With Upcomers, Traders can trade on 1-Phase, 2-Phase and 3-Phase challenge accounts to show their skills and get funded. Upcomers also offers an instant Funding account with the max capital of $80K. Upcomers also offers features like VIP Program and a special funding account of $2.5 Million in funding.

Challenge Details

Upcomers offers three challenge programs, each designed to cater to different trader preferences: Thunderbolt, Ascended, and Astral. Additionally, they offer a funding program called the Vanguard Program. Below is a breakdown of each challenge program.

Thunderbolt Program Details

Pricing:

$10,000 Account: $75
$25,000 Account: $150
$50,000 Account: $229
$100,000 Account: $382
$200,000 Account: $712

Rules:

Profit Target: 10%
Total Loss: 6%
Daily Loss: 4%
Profit Share: 80%
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:30
- Shares: 1:25
- Indices: 1:15
- Energies: 1:15
- Metals: 1:15
- Crypto: 1:2
Max Lot Size:
- Indices: 100 lots
- Forex & Commodities: 50 lots
Payout Frequency: Every 7 days
Allows Copy Trading: Yes
Min Trading Days: 0 days

Ascended Program Details

Pricing:

$10,000 Account: $75
$25,000 Account: $150
$50,000 Account: $225
$100,000 Account: $397

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:30
- Shares: 1:25
- Indices: 1:15
- Energies: 1:15
- Metals: 1:15
- Crypto: 1:2
Max Lot Size:
- Indices: 100 lots
- Forex & Commodities: 50 lots
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 0 days

Astral Program Details

Pricing:

$10,000 Account: $52
$25,000 Account: $112
$50,000 Account: $265
$100,000 Account: $277
$200,000 Account: $427

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 6%
Profit Target (Phase 3): 4%
Total Loss: 8%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:30
- Shares: 1:25
- Indices: 1:15
- Energies: 1:15
- Metals: 1:15
- Crypto: 1:2
Max Lot Size:
- Indices: 100 lots
- Forex & Commodities: 50 lots
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 0 days

Vanguard Program Details

Pricing:

$10,000 Account: $75
$25,000 Account: $150
$50,000 Account: $229
$100,000 Account: $382
$200,000 Account: $712

Rules:

Profit Target: None
Total Loss: 6%
Daily Loss: 4%
Profit Share: 60%
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage:
- Forex: 1:30
- Shares: 1:25
- Indices: 1:15
- Energies: 1:15
- Metals: 1:15
- Crypto: 1:2
Max Lot Size:
- Indices: 100 lots
- Forex & Commodities: 50 lots
Payout Frequency: Every 14 days
Allows Copy Trading: Yes
Min Trading Days: 0 days

Upcomers VIP Program

Upcomers also offers an Upcomers VIP Program – an exclusive club for professional and experienced traders who show exceptional skill, consistency, and follow Upcomers' rules. Members of the VIP Program can enjoy a list of unique benefits, special rewards, and exclusive Upcomers merchandise.

VIP Benefits in the Upcomers Program:

95% Profit Split on all accounts, allowing VIP traders to keep nearly all their earnings.
Increased Capital Allocation up to $600,000, giving traders access to larger trading capital.
Upcomers Merchandise such as hoodies, caps, T-shirts, and more, based on current offers.
15% Discount on all Upcomers challenge purchases.
Exclusive VIP Discord Access with a special room and badge to network with other elite traders.
Flexible Withdrawals that allow VIP traders to withdraw their profits at any time on demand.
Special Achievement Certificate

Qualifying Criteria for the Upcomers VIP Program:

To ensure a spot in the VIP Program, traders must meet the following criteria:

Active Upcomers Funded Account: Trader must hold a funded account of any size for a minimum of 6 months.
Adherence to Rules: Trader must not breach any of Upcomers’ trading rules, including any form of unauthorized copy trading.
Consistent Payouts: trader must have to make minimum of 6 payouts from a single account, each with at least 4% profit (based on the initial balance). The payouts don't need to be consecutive.
Risk-Managed Trading Style: Maintain a trading style with tolerable risk over a 4-month period. High-risk or "all-in" trading styles will not qualify.

Scaling Plan

Upcomers offers an attractive scaling plan, allowing traders to scale up to $2.5 million in capital, with eligibility criteria that support serious traders aiming to grow.

4-Month Interval: Traders can request a 35% increase in their simulated balance every four months.
Maximum Scaling Amount: Up to $2,500,000 in potential capital.
Eligibility Criteria:
- Minimum 15% Profit: Cumulative growth of at least 15% over four consecutive months.
- Two Payouts: Secure at least two payouts in four consecutive months.
- Positive Balance: Each month should end with profit.

Spreads and News Trading Rules

Spreads

Upcomers have partnered with TradeLocker to provide the most competitive spreads in the market. Traders can view real-time spreads on the Free Trial Account offered by Upcomers. Although Some of the spread rates for major pairs are as follows:

EURUSD: 6 pips
GBPUSD: 10 pips
USDJPY: 7 pips
XAUUSD: 15 pips

News Trading Rules

Upcomers allows News Trading in all challenge phases. However, in Funded Phase and Instant Funding programs, trading is restricted around high-impact news events. Traders are not allowed to trade 5 minutes before and after any scheduled high-impact news. Not complying with this rule can lead to profit removal or breach in the account.

Other Important Rules

Daily Drawdown Calculation

Upcomers calculates Daily drawdown based on the account balance or equity whichever is higher at the end of the each day. This drawdown calculation is based on equity based drawdown which means the drawdown limit can grow or shrink in capital as the account balance increases or decreases.

Countries Banned from Purchasing

Due to regulatory reasons, residents of the following countries are restricted from purchasing Upcomers' challenge and instant funding accounts:

Afghanistan
Central African Republic
Crimea
Donetsk and Luhansk regions of Ukraine
Cuba
Iran
Iraq
Kosovo
Libya
Mali
Myanmar
North Korea
Pakistan
Palestine
Russia
Somalia
South Sudan
Sudan
Syria
Vanuatu
Venezuela
Vietnam

Prohibited Trading Strategies

To maintain fairness and protect trading integrity, these following strategies are not allowed on Upcomers platform:

Hedging or Group Hedging Across Various Accounts
Copy Trading and Account Management services
High-Frequency Trading (HFT)
Quick Strike Method
Latency Trading
"Pass Your Challenge" Services
Arbitrage Trading
Tick Scalping
Grid Trading
Account Sharing
Hyperactivity
Martingale Trading
One-Sided Bets

Payout Methods

Upcomers offer traders two payout method for the convenience. These payout methods are

Wise
Cryptocurrency

Trading Commissions

For FX, Commodities, and Energies: $5 per lot
For Metals, Crypto, and Indexes: No commission

IP Rule

Traders are allowed to use multiple devices as long as they operate from the same geographical location. Different IP addresses are permitted within this location, but account sharing with other people will result in a breach.

Company Information

Challenge Details

Thunderbolt Program Details

Ascended Program Details

Astral Program Details

Vanguard Program Details

Upcomers VIP Program

VIP Benefits in the Upcomers Program:

Qualifying Criteria for the Upcomers VIP Program:

Scaling Plan

Spreads and News Trading Rules

Spreads

News Trading Rules

Other Important Rules

Daily Drawdown Calculation

Countries Banned from Purchasing

Prohibited Trading Strategies

Payout Methods

Trading Commissions

IP Rule

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