Ultimate Traders Review

Operator: Ultimate Traders Evaluation Ltd — UK 🇬🇧 company (#14665391), Summit House, 170 Finchley Road, London NW3 6BP.

Founded as a registered entity: 2022 (Companies House registration #14665391).

Awards (per brand site): "Best Prop Trading Firm 2024" (Forex Brokers Awards), "Fastest Growing Prop Firm UK 2024" (Global Business Magazine), "Most Transparent Prop Trading Firm 2024" (FDI Insider).

4.3 / 5 · 74 reviews

Claimed profile · "Paid Trustpilot subscription"

Distribution: majority 5-star with a visible long tail of 1-star — typical for fee-based prop firms. Read recent reviews directly on Trustpilot before purchase.

Platform: MetaTrader 4 ("market-leading MT4 platform" — brand homepage).

Leverage: 1:100 — "no restrictions on your position size."

EAs / Hedging: Allowed. "Trade your way…no restrictions whatsoever."

Time limits: None — trade at your own pace.

Independent third-party YouTube coverage on this brand is thin — most search results are scam-watch reviews. We recommend verifying claims against:

• UK Companies House filing for #14665391
• Direct reading of Trustpilot reviews (both star ranges)
• The Trading Rules page on the brand site before purchase

Classic Challenge: Phase 1 = 10% · Phase 2 = 5% · Funded = no target.

Min trading days: 3 (both phases).

Max trading days: Unlimited.

Why it matters: 15% combined gain to pass is mid-pack vs FTMO's 10%+5%, but no time pressure removes a common failure mode.

Max Daily Loss: 6% — wider than most rivals (typical: 4–5%).

Max Total Loss: 12% — applies during evaluation AND the funded stage.

Why it matters: The 12% total-loss cap is generous, but remember it follows you into the funded account — manage size accordingly.

$49 starting fee* for the $5K Classic ($49 disclosed on the homepage pricing table; larger sizes scale up).

Phase 2: Free (Verification stage).

Refundable: Fee is refunded once you reach the funded payout milestone.

*Excludes VAT for EU/UK clients.

The Speedy Challenge is a 1-step evaluation — same daily loss / total loss / leverage as Classic, but a single combined target.

Note: The brand calls Speedy "more rigorous than the Classic Challenge" — pick this only if you trade aggressively and can hit the target inside one phase.

Default funded split: 80% to trader, 20% to firm.

90/10 Add-on: Purchase the 90/10 add-on at challenge checkout to upgrade your split to 90% trader / 10% firm for the entire funded stage.

vs Topstep (90% futures-only) and FTMO (up to 90% at scale): Ultimate Traders matches the industry ceiling — just gated behind an add-on.

Trading during high-impact news releases is not allowed by default — most prop firms restrict it because of slippage and gap risk.

Ultimate Traders sells a paid News Trading add-on that removes this restriction. Pick it up at challenge checkout.

Add-on costs are itemised on the pricing widget — verify the day you buy.

Forex (majors, minors, exotics), Crypto, Indices, Commodities — exposed via MT4.

Spreads: Brand markets "low costs and competitive spreads" — exact spreads vary by symbol and aren't published as a public schedule.

Tip: Pull live spreads from the demo before paying for a challenge.

"If beneficial to your trading style, you can include our bundle of trading add-ons at the stage of purchasing your challenge." — brand homepage.

Bundle = News Trading + 90/10 Split together at a small discount vs buying individually.

Per the brand footer: "Ultimate Traders does not offer its services to residents of certain jurisdictions such as Belarus, Canada, Iran, Myanmar, Russia, Syria, United States, North Korea, Sudan, US Virgin Islands."

"They deliver exactly what is promised during the funded stage."

— Marcus Liener, verbatim testimonial from ultimatetraders.com

"I trade with multiple prop firms but this has been my best experience yet."

— Andrew Marsden, verbatim testimonial from ultimatetraders.com