At the confluence of traditional trading and a challenge-based gamified approach to investing, proprietary trading has been on the radar of the trading community for quite some time. While regulators are still trying to devise a framework to legitimise this service, the prop space is getting bigger and louder as more institutional players and traders take on the challenge.
Constantly evolving, the prop trading industry is a battlefield where only the most adaptive and innovative rise to the market-leading position. Ultimate Traders is one such proprietary trading industry player. Recently, the prop firm has captured the media spotlight with its innovative solutions designed to meet the needs of prop traders everywhere.
Democratising access to capital
Differentiating itself from traditional brokerage industry participants, Ultimate Traders democratises access to trading capital. Welcoming trading talent from across the globe, the prop trading firm provides not only a sense of community driven by healthy competition but also equips traders with the resources they need to achieve their goals.
Right upon sign-up, traders have the opportunity to define their goals and risk tolerance by opting for either the Speedy or the Classic Challenge that Ultimate Traders offers to determine the skills of each participant.
During 3 consecutive days of active trading, participants can use a variety of trading tools and calculators available to them via the prop firm’s MT4 platform. Risk management tools such as Stop Loss and Take Profit alongside a wide range of indicators, including Fibonacci, the RSI, and Moving Averages can help traders amplify their trading by accurately spotting reversals and timing their entries and exits more accurately.
Traders can also use Expert Advisors (EAs) to automate their strategies, improve execution speed, and minimise the risk of errors. This also allows traders to scale up more easily and advance towards the funded stage smoothly.
Both the Classic and the Speedy Challenges stimulate the competitiveness of trading while giving participants the possibility to test their skills in a simulated environment that closely matches the real-world trading setup. If successful, traders can retain up to 90% of the profits they generate.
Performance-based scaling
With Ultimate Traders, every prop trader has the chance to grow at their own pace. Depending on which point of the prop trading journey they are, the required profit targets vary between 5% – 10%. For example, a trader with an account of $100K at the point of joining the evaluation stage (challenge) should grow it to $110K in the first phase of the challenge to qualify for the funded stage.
Once the evaluation is completed, traders climb the ladder to funded accounts and retain a large proportion of their potential gains. By sharing profits with traders and aligning its goals with those of traders, Ultimate Traders empowers top talent to achieve more and scale with confidence.
To reach their profit targets, traders could potentially use various strategies, including hedging and arbitrage or scalping, take on larger position sizes, and diversify across multi-asset classes. By promoting a dynamic funding model, the prop trading firm puts top traders in a better position to increase their capital in line with their performance-based scaling plans and clear profit-sharing incentives.
Superior prop trading technology
To stay competitive, Ultimate Traders has integrated multi-asset trading capabilities, proprietary dashboards, and enhanced risk management tools for a seamless, superior trading experience. The built-in analytics further enhance the prop firm’s MT4 trading environment, empowering traders to track their performance effectively.
Security and compliance are also instrumental to Ultimate Trader’s operations. Transparent trading conditions with risk management practices in place for each challenge allow traders to apply any trading strategy that suits them while protecting their capital. This ensures fairness and security, boosting traders’ trust in the company’s prop trading services.
Staying ahead of the curve
Ultimate Traders would not have reached its industry-leading position had it not been so adaptable. Not only does the prop firm apply transparent trader evaluation rules and comprehensive compliance standards but also offers institutional-grade liquidity and unmatched execution speed.
Ultimate Traders takes pride in offering institutional-grade liquidity, fast execution and tight spreads, ensuring optional trading conditions. Additionally, its innovative funding structures place it miles ahead of its competitors.
Beyond high-speed execution and fair pricing, the company’s ‘no hidden fees’ policy amplifies its standing within the prop trading community. As it continues to innovate, Ultimate Traders strengthens its global footprint, offering traders the diversification they seek.
With a comprehensive range of assets that spans CFDs on Forex, commodities, shares, and metals, the prop firm ranks highest in traders’ preference, according to Trustpilot
