Our comprehensive Ultimate Traders Review for 2025 provides valuable insights on this leading Prop Trading Firm. We highlight key information, Pros and Cons and Trust Score Ratings so you can make informed decisions and trade with confidence.
FX Trust Score Index - Ultimate Traders
Ultimate Traders gained an overall score of 86.5% across our six different ratings criteria.
FX Trust Score Index Ratings
How the FX Trust Score Index™ worksUltimate Traders Pros and Cons
- No financial risk for traders
- Multiple account sizes
- Unlimited Funding
- Hedging and scalping allowed
- Mobile trading supported
- 24/7 platform access
- Responsive client support
- No Islamic Accounts
*All trading involves risk. It is possible to lose all your capital.
Ultimate Traders at a Glance
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Ultimate Traders Overview
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Client Support
| General | |
| Prop Firm Name | Ultimate Traders Evaluation Ltd |
| Headquarters | London, United Kingdom |
| Year Established | 2023 |
| Evaluation & Account Types | |
| Evaluation Type | Classic Challenge: 2-phase evaluation Speedy Challenge: 1-phase evaluation |
| Account Sizes Available | $5,000 to $200,000 Unlimited combined capital allocation permitted across multiple accounts with a single registration |
| Refund on Challenge/Registration Fee | Yes - refunded with first withdrawal after funding |
| Minimum Trading Days | 3 days per phase, for both Classic and Speedy; not required after funding |
| Max Daily Drawdown | Classic: 6% Speedy: 4% |
| Max Total Drawdown | Classic: 12% Speedy: 6% |
| Payouts & Profit Split | |
| Profit Target (Phase 1/2) | Classic: 10% (Phase 1), then 5% (Phase 2) Speedy: 10% |
| Profit Split | 80%:20% (up to 90%:10% available with paid add-on) |
| Payout Frequency | Minimum of 3 trading days, while 14 days have to pass since the first trading day. |
| Payout Method | Credit/debit cards, bank transfer, e-wallets |
| Trading Conditions | |
| Platforms | MetaTrader 4 (MT4) |
| Tradable Assets | 300+ CFDs on Forex, Commodities, Indices, Stocks, Indices, Cryptocurrencies |
| Leverage Offered | Up to 1:100 |
| Hedging Allowed | Yes |
| Scalping Allowed | Yes |
| News Trading Allowed | Yes |
| EA/Bot Trading Allowed | Yes |
| Weekend Holding Allowed | Yes - allowed if add-on purchased. Not available in base plan |
| Account Features & Support | |
| Scaling Plan Available | No |
| News Trading | Yes - available as paid add-on. Not available in base plan |
| Educational Resources /Training Offered | Economic calendar, selected add-ons available |
| Dashboard / Analytics Tools | Client portal includes trading rules, economic calendar and referral dashboard |
| Mobile App | Yes - via MT4 mobile app |
| Support Availability | 24/7 Multilingual Support |
| Live Chat | Yes |
| Contact Info | support@ultimatetraders.com |
| Social Media Channels | X (Twitter), Facebook, Instagram, LinkedIn |
*All trading involves risk. It is possible to lose all your capital.
Introduction to Ultimate Traders: A Brief Overview
Ultimate Traders is a reputable Prop Trading Firm, founded by industry experts with decades of experience in Forex and CFD trading. Established in 2023 with headquarters in London, United Kingdom, the company has risen through the ranks to become an important player in the proprietary trading sector.
Trusted by traders worldwide, Ultimate Traders has developed a reputation as a good place to start from those looking to enter the increasingly popular prop trading market. The company ensures it operates transparently by clearly listing all of its key terms and conditions on its website, so there are no hidden costs or fees for clients.
Is Ultimate Traders a Trusted Proprietary Trading Firm?
In this comprehensive review, we will be focusing exclusively on Ultimate Traders, an established and trusted proprietary trading firm. Our team of experts has dedicated many hours to thoroughly researching the finer details of the company’s product offering and terms. Using our unique, in-house FX Trust Score Index™ scoring mechanism, the prop firm was assessed across a range of six different key criteria. These included funding options and scaling plans, profit split and payout terms, evaluation process and rules, trading conditions, costs and fees, and online reputation. Continue reading below for a detailed, in-depth guide into Ultimate Traders, so you can make a well-balanced, educated choice about whether to begin prop trading with them.
Is Ultimate Traders Safe?
Licensing and Regulation
Proprietary trading firms are not subject to the same regulation as forex brokers and are therefore not required to hold licences with industry bodies. Prop trading as a funded trader is a relatively new way to trade compared to opening an account and trading directly with your own funds. In the meantime, it is very important to read reviews from a trusted source and choose a prop firm that has a good online reputation. In the case of Ultimate Traders, we looked at the following aspects to assess whether it has adequate fund protection and operational trustworthiness.
Ultimate Traders Fund Usage Policies
Like the majority of reputable prop trading firms, Ultimate Traders do not handle client funds. There is a simple process whereby clients pay a one-time, refundable registration fee to get started. Once they complete the evaluation stage, the full registration fee can be withdrawn as part of the first profit-split, once there is enough profit to cover the amount. It is also worth noting that the company does not require any deposits from clients when it comes to live trading during the initial phase.
Transparency & Trust
Ultimate Traders Evaluation Ltd is a UK-based company with registration number 14665391. Its full business address is listed online as Summit House, 170 Finchley Road, London, NW3 6BP, United Kingdom. After analysing the Ultimate Traders official website, it is clear that the company maintains a high level of transparency in the way it openly presents itself and its fee structure. Traders are able to quickly and easily access all the important details about the firm’s trading rules, including its evaluation process and funded trading stage. It also offers a comprehensive FAQ section that allows clients to get answers on a range of useful topics without having to contact customer support.
Refund Policy
In line with many of the world’s leading prop trading companies, clients can obtain a refund of the initial sign-up fee with Ultimate Traders. Once a trader has successfully completed a challenge and proceeded to the funded phase, they will be entitled to receive a refund of the one-time registration fee. The amount will be refunded with the client’s first monthly withdrawal, provided they have adequate profits to carry out a withdrawal. In cases where a user requests to cancel their account before completing a challenge, no refund will be given. This is set out clearly in the company’s terms and conditions.
Ultimate Traders Account Sizes
Ultimate Traders provides an excellent choice of account sizes to clients. It offers a selection of accounts that typically range from $5,000 up to an upper limit of $200,000. Prop traders can open as many accounts as they wish using the same registration details they first provided when signing up. This is a big positive for clients, as it means there is no maximum funding limit per user profile, allowing them access to a larger pool of funds. As is often the case in prop trading, the funded account size is the same as the account size chosen for the evaluation stage.
Ultimate Traders Trading Platforms
Prop traders who register with Ultimate Traders can trade on the market-leading MetaTrader 4 platform. Also known as MT4, it is renowned within the industry as being one of the most popular, reliable and user-friendly platforms on the market. By utilising MT4 as part of its client offering, Ultimate Traders enables clients to trade a diverse range of CFD instruments. It also provides a variety of sophisticated features, including technical indicators, advanced analysis tools and automated trading options. Mobile trading is supported through the official MT4 app, making it easy for clients to trade using phone or tablet devices.
Trading Conditions at Ultimate Traders
Ultimate Traders offers competitive trading conditions to prop traders, including floating spreads, leverage up to 1:100 and commissions of $2.80 round turn per lot. The company details the majority of its pricing structure within a dedicated FAQ section, while there is usually a helpful customer service agent on hand to provide further clarification during support hours. Through the Classic Challenge, traders can access the following leverage: forex (1:100), commodities (1:10), indices (1:10), cryptocurrencies (1:3). As for the Speedy Challenge, the leverage is as follows: forex (1:30), commodities (1:5), indices (1:5), cryptocurrencies (1:2). For more information about the trading conditions at Ultimate Traders, see the table below.
Trading Conditions Overview |
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Platforms |
MetaTrader 4 (MT4) |
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Trading Instruments |
300+ CFDs |
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Asset Classes |
Forex, Commodities, Indices, Stocks, Indices, Cryptocurrencies |
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Spread Type |
Floating |
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Commissions |
$2.80 round turn per lot |
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Leverage |
Up to 1:100 |
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Scalping Allowed |
Yes |
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Hedging Allowed |
Yes |
Funding Options and Scaling Plans
When it comes to funding options, Ultimate Traders has an amount to suit all trader preferences. Across both its Classic and Speedy challenges, there are several initial funding amounts to choose from, starting from $5,000 and rising up to $200,000. While there is no specific scaling plan offered, traders can open as many accounts as they wish using the same registration details. This means there is no maximum combined capital allocation per registered user. Lastly, there is a refundable fee, which increases according to the exact funding amount selected, as detailed in the table below.
Funding Options Overview |
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Refundable Fee* → Funding Amount ↓ |
Classic Challenge |
Speedy Challenge |
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$5,000 |
$49 |
$79 |
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$10,000 |
$99 |
$129 |
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$25,000 |
$169 |
$229 |
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$50,000 |
$299 |
$399 |
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$100,000 |
$499 |
$659 |
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$200,000 |
$899 |
$1,299 |
*Excluding VAT
Profit Split and Payouts between Ultimate Traders and its Traders
Ultimate Traders has a standard profit split of 80% to traders and 20% to the company, which is the typical market rate within the prop trading industry. However, there is an option for traders to purchase an add-on upon registration, which will increase their profit share to 90%, for a 20% premium on the fee. This add-on cannot be added after the purchase is made, meaning it must be selected prior to payment. As for payouts, funds can be requested after a minimum of three trading days, while 14 days have to pass since the first trading day before a payout request can be processed.
Ultimate Traders Evaluation Process and Rules
Ultimate Traders presents a flexible choice of packages for prop traders through its two tailored evaluation programs. Firstly, the Classic Challenge is a 2-step process that enables traders to progress at a pace that suits them. It features higher leverage (up to 1:100) and drawdown limits (6% daily loss, 12% total loss), along with profit targets relative to the starting account balance. Once a trader successfully completes both the evaluation stage (phase 1) and verification stage (phase 2), they will be eligible to trade with a live account, funded with the same capital they opted for during the initial challenge stage.
For those looking to progress quickly to a funded account, the 1-step Speedy Challenge is a popular choice. It provides traders with quicker access to capital but features a much stricter drawdown limit (4% daily loss, 6% total loss) and tighter leverage (up to 1:30). Both challenges enable traders to access up to $200,000 in company funds, with no specific time constraints on completing each step. It is also important to note that Ultimate Traders does not place a limit on the maximum number of accounts traders can open using a single registration. This means that traders can unlock unlimited combined capital allocation across multiple accounts over and above $200,000.
Ultimate Traders Costs and Fees
In terms of the relevant costs and fees, Ultimate Traders is competitive against other similar prop trading firms. It is fully transparent about the costs involved, listing all the details on its website and within its FAQs. Aside from the single, one-time refundable fee required to enter the Classic and Speedy challenges, there are no monthly membership fees or other recurring charges for clients. There is also an option for traders to include certain add-ons, for a 10% and 20% premium on the registration fee.
Ultimate Traders Client Support
We tested the 24/5 multilingual client support service at Ultimate Traders on several occasions, and at different times during regular trading hours. On each occasion, the customer support agent provided a fast response to every query, whilst also demonstrating a strong knowledge of the company’s product offering and services. The support team is on hand to assist clients from Monday to Friday, however traders who require assistance over the weekend are encouraged to leave a message within the live chat portal or send an email to support@ultimatetraders.com. Another way to get a quick answer to a general question is through the firm’s extensive FAQ section.
Ultimate Traders Online Reputation: What Traders are Saying
After researching through the various online reviews about Ultimate Traders, it quickly became clear that the company is well-regarded among its client base. Many users praised the low entry fees involved, particularly for its Classic Challenge, while others noted how they received payouts with minimal delays and no issues. The firm’s customer service department received a lot of positive reviews, with a large number of reviewers commenting on how helpful and knowledgeable the support agents were. Overall, the general consensus was that Ultimate Traders is a reputable, trustworthy prop trading firm and that it was for this reason that many individuals chose them to trade with.
How to Get Started with Ultimate Traders
Get started as a prop trader with Ultimate Traders by following these simple steps:
- Visit the Ultimate Traders and click Join Challenge.
- Select the challenge type and account size and click Start Now.
- Complete your profile by filling out your details in the submission form.
- Next, finish your payment by inputting your details and chosen payment method.
- Confirm that you accept the terms and conditions and click Pay Now.
- You will receive an email confirming your registration so you can begin your challenge.
- Should you require any further support, you can contact Ultimate Traders through Live Chat or via email.
The FXTS Verdict
Ultimate Traders is an established, well-known proprietary trading firm with a good range of features and low-cost trading conditions. Its generous profit split, flexible funding amounts and choice of challenge types make it an appealing option for prop traders of all experience levels and risk tolerances. The company is transparent about its fees and fund usage policies, making it a solid choice for prop traders looking to get started with a reliable firm. Our investigations found that, should any issues arise during the client journey, Ultimate Traders offers responsive customer support, with human agents readily available to assist when needed.
*All trading involves risk. It is possible to lose all your capital.
FAQs
Ultimate Traders is a proprietary trading firm that provides funded trading accounts to traders who pass their evaluation challenges. Traders use the firm’s capital to trade forex and other assets, keeping a share of up to 90% of the profits. The model is ideal for skilled traders who lack the personal capital to trade large positions.
Ultimate Traders is a legitimate prop trading firm. It has gained traction in the trading community for offering competitive profit splits, realistic trading objectives and prompt payouts. Our Ultimate Traders review covers detailed insights into their credibility, funding process and provides insights about what traders can expect.
The Ultimate Traders evaluation challenge is a two-phase process that assesses a trader’s ability to manage risk and generate consistent profits. Traders must meet specific profit targets without breaching maximum drawdown limits. Once passed, traders receive a funded account and can earn up to 90% of profits.
Ultimate Traders offers multiple account sizes typically ranging from $5,000 to $200,000. Each comes with different pricing, starting from around $49 and reaching up to $899, depending on the account size. Our Ultimate Traders review page breaks down the cost, rules and profit share for each option.
Ultimate Traders stands out with features like multiple account sizes, high profit splits, low minimum trading days and access to a variety of trading platforms. Unlike some other firms, it also allows news trading and no maximum time limits, making it appealing to diverse trading styles.
You can find a comprehensive Ultimate Traders review right here on FXTrustScore.com, based on extensive research by our industry experts. Our review covers a wide range of different criteria including trading conditions, support quality, online reputation, costs and fees as well as funding, scaling, profit and payout details.
