Company Information

• Company Name: Ultimate Traders
• Company Legal Name: Ultimate Traders Evaluation Ltd
• Company Registration No.: 14665391
• Operating Since: 1 August 2023
• CEO Name: Undisclosed

Challenge Details

Ultimate Traders offers two evaluation models: the Classic Challenge and the Speedy Challenge. Here are the details:-

Classic Challenge

Pricing

• Size: $5,000 – Price: $49
• Size: $10,000 – Price: $99
• Size: $25,000 – Price: $169
• Size: $50,000 – Price: $299
• Size: $100,000 – Price: $499
• Size: $200,000 – Price: $899

Rules

• Profit Target (Phase 1): 10%
• Profit Target (Phase 2): 5%
• Total Loss: 12%
• Daily Loss: 6%
• Profit Share: 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:100
  • Commodities: 1:10
  • Indices: 1:10
  • Crypto: 1:3
• Max Lot Size: No limit
• Payout Frequency: 30 days
• Allows Copy Trading: Undisclosed
• Min Trading Days: 3 days

Speedy Challenge

Pricing

• Size: $5,000 – Price: $79
• Size: $10,000 – Price: $129
• Size: $25,000 – Price: $229
• Size: $50,000 – Price: $399
• Size: $100,000 – Price: $659
• Size: $200,000 – Price: $1,299

Rules

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 4%
• Profit Share: 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:30
  • Commodities: 1:5
  • Indices: 1:5
  • Crypto: 1:2
• Max Lot Size: No limit
• Payout Frequency: 30 days
• Allows Copy Trading: Undisclosed
• Min Trading Days: 3 days

Scaling Plan

Ultimate Traders offers a scaling plan that allows accounts to grow up to $400,000 based on consistent performance.

Spreads and News Trading Rules

Spreads

Ultimate Traders collaborates with T4Trade, a regulated broker renowned for its ultra-low spreads and minimal trading fees. This ensures traders can operate efficiently without unnecessary costs eating into their profits.

News Trading Rules

Ultimate Traders allow traders to trade during news.

Other Important Rules

Daily Drawdown Calculation

Ultimate Traders calculates daily drawdown based on equity and balance whichever is higher at the end of the day. The drawdown type used here was Equity based drawdown which means the drawdown limit will increase or decrease as the account balance grows or shrinks.

Countries Banned from Purchasing

Ultimate Traders restricts services to the following groups:

• Individuals from OFAC-listed countries
• Persons on international sanctions lists.
• Individuals with financial crime or terrorism-related criminal records.
• Previously banned users.

Prohibited Trading Strategies

To maintain fairness and integrity, Ultimate Traders prohibits the following practices:

1. Exploiting pricing errors or delayed price updates.
2. Using slow or external data feeds for trading.
3. Intentional market manipulation or exploiting system vulnerabilities.
4. Leveraging AI, ultra-high-speed software, or mass data entries for unfair advantages.
5. Gap trading near significant market closures or macroeconomic events.
6. Violating standard market trading norms or overexposing accounts.
7. Sharing accounts or using third parties to trade on one’s behalf.

Such actions, collectively termed as “Forbidden Trading Practices,” may result in immediate disqualification.

Payout Methods

Currently, Ultimate Traders has not mentioned the specific payout method they provide to traders to withdraw their payouts.

Trading Commissions

Ultimate Traders has not mentioned any information related to trading commissions charged on their platform.

IP Rule

Ultimate Traders has not mentioned any information related to IP-Address Rule.