UltraCap Trading Alternatives - Better Prop Firms for 2024
Find out the major disadvantages of UltraCap Trading Proprietary Trading Firms and alternatives with lower fees and more security. Unbiased UltraCap Trading Alternatives reviews.
So which Proprietary Trading Firms are better than UltraCap Trading? Want to jump straight to the answer? FunderPro is the best alternative prop firm to UltraCap Trading for June 2024 .

Rating breakdown

Challenge Assessment
80%
4.0/5
Support
80%
4.0/5
Trading Fees
70%
3.5/5
Payout Scheme
80%
4.0/5

Things we didn't like:

 Strict trading rules applied to the use of EA
 Limitations as to where prospective traders may be coming from

Why would you want an alternative to ULTRACAP TRADING?

While UltraCap Trading positions itself as a globally inclusive platform, there are notable restrictions that might prompt traders to seek alternatives. The platform's eligibility criteria, dictated by legal and regulatory constraints, limit participation to individuals from countries not under sanctions and those permitted to engage in trade with Australia. Unfortunately, this exclusionary stance affects traders from nations such as Russia, Iran, North Korea, and other regions marked by geopolitical instability.

Another significant drawback is the absence of proprietary trading tools or indicators within UltraCap Trading. While the platform accommodates third-party tools, the lack of in-house offerings may dissuade traders looking for a more comprehensive and integrated trading experience.

What to look for in a ULTRACAP TRADING Alternative?

When exploring alternatives to UltraCap Trading, several key considerations should guide your decision-making process. Firstly, assess the global accessibility of the alternative platform, ensuring it accommodates traders from a diverse range of regions without restrictive geopolitical limitations.

Look for a platform that not only supports multiple languages but also operates within a broad legal framework, promoting inclusivity. Secondly, prioritize platforms that offer a robust set of proprietary trading tools and indicators, enhancing your analytical capabilities and providing a comprehensive trading experience.

Seek alternatives that strike a balance between compatibility with third-party tools and the provision of in-house resources. Finally, for those who value practice and skill development, a viable alternative should offer demo accounts directly from the platform, allowing users to familiarize themselves with the interface and refine their strategies before venturing into live trading. By carefully considering these factors, traders can find alternatives that better align with their preferences and requirements.

Best ULTRACAP TRADING alternatives – Proprietary Trading Firms like (or better than) ULTRACAP TRADING

Rating breakdown

Challenge Assessment
90%
4.5/5
Support
100%
5.0/5
Trading Fees
100%
5.0/5
Payout Scheme
90%
4.5/5

Things we liked:

 Exclusive Discount Code (20% Off Exclusive Offer)
 Minimal rules & unlimited time for completion
 Two-part assessment leading to $200,000 in funding
 Scaling plan & fast-track funding opt

Things we didn't like:

 A Relatively New player in the funded account offering

#1
FunderPro Overview

Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.

4.1 / 5

Rating breakdown

Challenge Assessment
90%
4.5/5
Support
70%
3.5/5
Trading Fees
70%
3.5/5
Payout Scheme
100%
5.0/5

Things we liked:

 FTMO charges a one-time fee only
 FTMO has generous conditions for its traders

Things we didn't like:

 Complaints about the platform freezing
 Complaints about lack of customer support

#2
FTMO Overview

FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.

3.9 / 5

Rating breakdown

Challenge Assessment
70%
3.5/5
Support
70%
3.5/5
Trading Fees
90%
4.5/5
Payout Scheme
80%
4.0/5

Things we liked:

 Let you trade with leverage of up to 1:30

Things we didn't like:

 5%ers Challenge fee is on the higher end of the spectrum
 There are other holes in the 5%er offer

#3
the5ers Overview

The 5%ers is a prop trading firm founded by Gil Ben Hur and Snir Chiel. Both former forex day traders, Gil and Snier, experienced first-hand the frustrations that lack of capital bring to experienced traders ready to play the markets. Hence, the 5%ers Funding Program was born: a platform to reward worthy traders with significant capital, with profits shared in a win-win outcome.

UltraCap Trading Alternatives Frequently Asked Questions (FAQs):

Are there any sites like UltraCap Trading?
Yes, there are many sites offering similar services to UltraCap Trading. These include FunderPro, Toptier Trader, SabioTrade and many more. If you are looking for an alternative to UltraCap Trading,  FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
Who are UltraCap Trading Top Competitors?
UltraCap Trading 's top competitors in June 2024 are: FunderPro, FTMO, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

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