Ultracap Trading Review
UltraCap Trading is an Australian-based proprietary trading firm offering a unique trader recruitment and funding approach. Founded in 2021, the company offers customizable trading plans, single-phase evaluation with no time limits, and scaling opportunities up to $5 million.
Ultracap Trading Review
Summary
UltraCap Trading is an Australian-based proprietary trading firm that has established itself as a unique player in the trader recruitment industry since its inception in 2021. Registered and compliant with the Australian Securities and Investments Commission (ASIC), UltraCap Trading operates under stringent regulatory oversight, providing traders with a secure and transparent environment.
The firm distinguishes itself through its innovative approach to trader evaluation and funding. UltraCap’s flagship program, UltraSmart, offers customizable trading plans with flexible profit targets and drawdown limits, allowing traders to tailor their experience to their specific strategies and risk tolerance. This level of customization is complemented by their UltraFlex and UltraPro plans, catering to a wide range of trader experiences and goals.
UltraCap Trading’s commitment to quality over quantity is evident in their recruitment process. They focus on identifying and nurturing skilled traders who demonstrate discipline and consistency, rather than just high-risk performance. This approach is supported by their use of globally regulated brokers and advanced trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, ensuring fair and stable trading conditions.
The firm’s funding process is designed to be straightforward yet comprehensive. Traders start by choosing a plan, then showcase their skills in a simulated real-world environment. Successful traders are offered the opportunity to manage real funds under Australian law, with scaling opportunities up to $5,000,000. UltraCap also offers a free Kickstart Trial program, allowing aspiring traders to test their skills without financial risk.
UltraCap Trading’s ecosystem extends beyond just funding. They provide a multi-tiered support system, including dedicated teams for accreditation traders and live portfolio managers. The firm also emphasizes ethical practices and transparency, operating under a framework that aligns the interests of traders, the company, and their funding partners.
Let’s examine the specific features, conditions, and programs offered by UltraCap Trading to gain a more comprehensive understanding of what sets this prop firm apart in the competitive landscape of proprietary trading.
Ultracap Trading Review
Programs
UltraCap Trading offers two main proprietary trading programs: UltraSmart and Kickstart Trial. Each program is designed to cater to different levels of trading experience and goals.
UltraSmart
UltraSmart is UltraCap Trading’s flagship program, designed for consistent and proven retail traders. It offers unparalleled flexibility in customizing trading plans across various instruments. The program allows traders to tailor their plans to suit their specific trading styles and goals, making it a unique offering in the proprietary trading industry.
UltraSmart features a single-phase evaluation with no time limits, allowing traders to focus solely on their performance without the pressure of deadlines. The program offers account sizes ranging from $25,000 to $200,000, with profit targets starting from 6% and a maximum stop-out of 8% balance-based. Pricing ranges from $199 for the $25k account to $899 for the $200k account. Traders can enjoy a profit split of 70-90%, depending on their performance and plan customization.
One of UltraSmart’s key features is its dynamic plan builder, which allows traders to adjust profit targets, drawdowns, and rules to fit their strategy. UltraSmart uses live feed data accounts, simulating real-world trading conditions as closely as possible. Once traders prove their skills and edge, they are moved to live, regulated A/B/C book managed accounts. The program offers a wide range of tradable instruments, including over 50 FX pairs, metals, oils, indices, and cryptocurrencies. Traders can request payouts in 10% blocks or use the fee to upgrade to the next live tier, increasing their account size and trading capital.
Kickstart Trial
The Kickstart Trial is UltraCap Trading’s free program designed for aspiring traders to experience the path of an UltraSmart trader. It is a simplified version of the evaluation plans, providing an ideal environment for traders seeking funding capital. The Kickstart Trial offers a $100,000 free demo account with access to FX, indices, and commodities markets. The program has a profit target of 3%, a daily drawdown limit of 2%, and a total drawdown limit of 4%. Traders have 40 days to complete the trial and must trade for a minimum of 20 active days.
One of the most attractive features of the Kickstart Trial is the opportunity to earn a 50% discount (worth up to $500) on any UltraSmart evaluation plan upon successful completion. This effectively means that UltraCap Trading pays traders to prove their skills and experience.
The Kickstart Trial uses the same regulated platform as the UltraSmart program, simulating live trading conditions with real-world fills, commissions, spreads, and slippage. Traders can make unlimited attempts at the Kickstart Trial, allowing them to refine their strategies and improve their performance over time. Upon passing the requirements, traders can choose from $25,000, $50,000, $100,000, or $200,000 UltraSmart Plans with the 50% discount applied.
Ultracap Trading Review
Conditions
UltraCap Trading has a range of conditions designed to foster responsible trading while offering flexibility. These guidelines cover crucial aspects such as;
Drawdowns
UltraCap Trading implements a balanced approach to drawdowns. In their UltraSmart program, they set a maximum stop-out limit of 6-8% of the starting balance. For instance, with a $100,000 account, trading would cease when the equity reaches $92,000. They also maintain a daily loss limit of 4%, which is relatively accommodating compared to industry standards.
Payouts
UltraCap Trading offers a flexible payout structure. They provide a profit split ranging from 70-90%, depending on the trader’s plan customization. Traders can request payouts in 10% increments, promoting sustainable account management. Payout methods include bank wire transfer, and cryptocurrency (Bitcoin or USDC). Notably, there’s no probation period, meaning traders are fully funded from the first day of live trading.
Trading Strategies
UltraCap Trading allows for a variety of trading approaches while maintaining certain restrictions to ensure responsible trading. The base UltraSmart Plan permits up to 2 open trades per symbol, provided they are opened simultaneously at the same price level, with the option to increase this limit through plan customization. However, high-risk or gambling-like strategies such as Grid, Martingale, and Hedge strategies are prohibited. The firm also discourages dummy trading, where insignificant trades are placed solely to meet required trading days. To maintain strategy integrity, trade copying between accreditation accounts is not allowed. Additionally, UltraCap Trading prohibits high-frequency trading and arbitrage strategies that attempt to front-run the market.
Trading Days
UltraCap Trading distinguishes itself by not imposing time limits on reaching profit targets. However, they do require consistent activity. In the UltraSmart program, traders need to complete 15-30 active trading days before submitting for live funding.
Scaling Plan
UltraCap Trading’s scaling plan is designed for long-term sustainability and growth. Traders have the option to use their profits to upgrade to the next Live Tier, increasing their account size and trading capital, instead of requesting a payout. This approach allows for gradual account growth over time. A significant feature of their scaling plan is the maximum scaling limit, which goes up to $5,000,000. This substantial upper limit provides ample room for traders to expand their trading capacity as they demonstrate consistent profitability.
Ultracap Trading Review
Features
| Maximum capital | $200,000 |
| Profit split | Up to 90% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | Yes |
| Maximum leverage | 1:30 |
UltraCap Trading offers a comprehensive set of features designed to support traders in their journey to success.
Trading Platforms
UltraCap Trading provides access to several industry-standard trading platforms:
- MetaTrader 4 (MT4): A widely-used platform known for its user-friendly interface and extensive technical analysis tools. It supports algorithmic trading and Expert Advisors (EAs), making it ideal for both novice and experienced traders. MT4 offers a wide range of charting tools, multiple timeframes, and the ability to automate trading strategies.
- MetaTrader 5 (MT5): An advanced version of MT4, offering additional timeframes, economic calendar, and a built-in strategy tester for both forex and stock markets. MT5 supports more asset classes and provides enhanced analytical tools, making it suitable for traders who require more advanced features and diversified trading options.
- cTrader: A modern platform that provides advanced charting capabilities, level II pricing, and supports algorithmic trading through its cAlgo feature. cTrader is known for its intuitive interface, fast execution speeds, and comprehensive market analysis tools, catering to traders who prioritize advanced technology and execution quality.
- DxTrade: A web-based platform that offers a seamless trading experience across devices, featuring advanced charting tools and real-time market analysis. DxTrade is designed for flexibility, allowing traders to access their accounts from any device with an internet connection, without compromising on functionality or performance.
Dashboard
UltraCap Trading provides a user-friendly dashboard on their website, allowing traders to manage their accounts, track performance, and access important information related to their trading activities. This feature enhances the overall user experience by centralizing account management and performance monitoring.
Support Services
UltraCap Trading provides dedicated support through email. Traders can reach out to support@ultracaptrading.com for general inquiries and info@ultracaptrading.com for specific information requests. The company maintains a multi-tiered support system, including specialized teams for traders in their Accreditation Program and Live Portfolio Managers, as well as a risk management team to assist with trading-related issues.
Knowledge Base
UltraCap Trading offers a comprehensive FAQ section on their website, covering topics such as account setup, trading conditions, and platform usage. They also maintain a News section to keep traders updated on market trends and company announcements. While they don’t provide direct training, UltraCap is developing a client portal that will offer exclusive benefits like software discounts and trade copying software.
Broker Integration
UltraCap Trading claims to partner with regulated, well-known brokers to ensure fair and stable trading conditions. However, the specific broker names are not mentioned on their public channels.
Affiliate Program
UltraCap Trading offers two tiers of partnership: Referral Partners and Sponsored Partners. Referral Partners can earn 5-10% commission on sale revenue, with up to an additional 5% for every 20 traders recruited. They also receive access to promotional materials and real-time performance tracking. Sponsored Partners enjoy higher commission rates of 8-12% on revenue, plus additional sponsorship fees. They also benefit from strategic collaboration opportunities, exclusive promotions for their audience, and product partnership possibilities.
Live Portfolio Manager
UltraCap Trading offers a Live Portfolio Manager feature, which allows successful traders to manage real funds under Australian law. This provides a pathway for traders to transition from simulated environments to managing actual capital, offering a genuine career opportunity in trading.
Live Portfolio Manager
UltraCap Trading offers a Live Portfolio Manager feature, which allows successful traders to manage real funds under Australian law. This provides a pathway for traders to transition from simulated environments to managing actual capital, offering a genuine career opportunity in trading.
Dynamic Plan Builder
UltraCap Trading offers a unique Dynamic Plan Builder that allows traders to tailor their trading plans to suit their specific strategies. This feature enables traders to adjust profit targets, drawdowns, and rules, providing an unprecedented level of customization in the proprietary trading industry.
Ultracap Trading Review
Conclusion
UltraCap Trading brings some fresh ideas to the prop firm scene. Their Dynamic Plan Builder and single-phase evaluation are standout features, giving traders more freedom to do their thing. The UltraKickstart program is a nice touch, letting you test the waters without risking your cash. Plus, you’ve got flexible profit targets, a wide range of tradable instruments, and solid scaling opportunities. The ASIC registration adds a layer of trust, which is always good to see. But remember, while they’re more flexible than most, they still have rules. No high-risk strategies or dummy trading allowed. As with any prop firm, there’s always the risk of losing your initial investment if you don’t meet their requirements. Overall, UltraCap Trading seems to push for a more trader-friendly approach in the prop firm industry.
Ultracap Trading Review
