About uprofit
Company Overview
Uprofit Trader (commonly known as Uprofit) is a proprietary trading firm that offers funded trading accounts to retail traders. According to the company, it was established in 2019 and is based in Dover, Delaware, United States, with a registered address at 8 The Green STE B, Dover, DE 19901. However, public records indicate a founding date of 2022. The firm operates as an unregulated entity, meaning it is not licensed by any financial regulatory authority.
The broker’s stated goal is to provide traders with access to capital through a simple evaluation process and payout structure. Uprofit's core offering revolves around its three account tiers, each requiring a minimum deposit to start trading. The company emphasizes fast payouts and a trader-friendly approach, but the lack of regulatory oversight is a key factor for traders to consider.
Regulation and Safety
Uprofit is not regulated by any financial authority. Our research found no verified license on file from any major regulator, including the US Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA). This means that client funds are not protected by any investor compensation scheme, and there is no external oversight of the broker’s operations.
The absence of regulation is a significant safety concern. Traders should be aware that they are relying solely on the broker’s internal policies and reputation. While Uprofit claims to have a simple payout policy, the lack of regulatory backing increases the risk of disputes or fund loss.
Account Types
Uprofit offers three account tiers, differentiated by the minimum deposit required: - Plan 1: $50,000 minimum deposit - Plan 2: $100,000 minimum deposit - Plan 3: $150,000 minimum deposit
The broker does not disclose the maximum leverage, minimum spreads, or commissions associated with these accounts. According to the company, the accounts are designed to give traders access to substantial capital to trade on the NinjaTrader platform. The evaluation process typically involves meeting profit targets while adhering to drawdown limits.
Uprofit also promotes “zero accounts” with a static drawdown and discounted prices, though details on these are limited. Traders should note that the broker’s rules regarding daily loss limits have been a point of contention in user reviews.
Platform and Instruments
The broker exclusively offers trading on the NinjaTrader platform, a popular choice for futures traders. NinjaTrader provides advanced charting, automated trading capabilities, and a range of order types. However, Uprofit does not specify which instruments are available for trading. Based on the platform, it is likely that futures and possibly forex or indices are offered, but this is not confirmed.
No details are provided on tradable instruments, such as currency pairs, commodities, or indices. Traders interested in specific asset classes should contact the broker directly for clarification.
Fees, Spreads, and Commissions
Uprofit does not disclose its spreads, commissions, or any other trading fees. The broker’s company description mentions a simple payout policy, but the cost of trading per lot or per transaction is not stated. This lack of transparency makes it difficult for traders to calculate their potential costs.
While the account prices may be low compared to some competitors, the absence of fee information is a notable gap. Traders should request a detailed fee schedule from the broker before committing funds.
Deposits and Withdrawals
The broker does not specify available deposit or withdrawal methods. In its marketing, Uprofit claims that withdrawals are processed within 24 hours and that traders receive 80% of profits on the first payout. However, user reviews indicate that payouts are often delayed, with some traders reporting that withdrawals take more than seven business days.
The lack of published deposit and withdrawal methods adds to the uncertainty. Traders should verify the available options and any associated fees with the broker directly.
Customer Support
Uprofit offers customer support that users have described as quick and efficient in positive reviews. Negative reviews, however, report unhelpful responses and a lack of action on issues such as payout delays and account blocks. The broker’s support channels are not listed, but based on user feedback, they appear to be available via email or a ticketing system.
Given the mixed feedback, traders should test the support responsiveness before depositing significant funds.
Overview compiled by FXCanary from regulatory records and public data. full uprofit review