Traders With Edge

Ultra Capital Alternative & Comparison

Ultra capital alternative and comparison. That’s what we’re going to be covering in this video.

So up the top here, you’ll see we’ve got the prop firm and the challenge type. We’ve got Traders with Edge Turtle, Traders with Edge Hare, Ultra Capital Ultrasmart, Ultra Capital Ultrafast. You’ll see the size of the account is a hundred thousand dollars, so we’re comparing apples with apples. And the first thing we’ve got on the list is the maximum account size after scaling. So, most good prop firms will fund a trader ,and then they’ll continue to top up the account when the trader is consistently profitable. That’s what this is referring to here. It’s what’s the maximum cap that the prop firm will fund the trader up to. Traders with Edge will fund traders up to $3 million, Ultra Capital Ultrasmart is $2 million, and Ultra Capital Ultrafast is up to $1 million. Do they offer rapid scaling? Yes. They all offer rapid scaling. If you’re on Traders with Edge website, you go to challenges, scaling plans, then you’ll see a page that looks like this.

We go through, what’s the difference between an organic type scaling or rapid type scaling. There’s a video that explains it, some case studies and examples there that show just how much faster your account can grow with rapid scaling as opposed to a traditional prop firm scaling account. We’ve even built a calculator here for you that you can go through. You can put your inputs, and you can see just how much more money you would make with a rapid scaling than with a traditional type scaling account. So back to our ultra capital alternative and comparison. The next thing that you’ll notice here is the number of phases. So the Turtle account is a one phase, Traders with Edge Hare is a two phase, the Ultrasmart is a one phase, and the Ultrafast is a two phase.

So essentially the Traders with Edge Turtle is similar to the Ultra Capital Ultra smart, and the Traders with Edge Hare is similar to the Ultra Capital Ultrafast. Price for each account is $750 for the Turtle, $590 for the Hare, $460 for the Ultrasmart, and $459 for the Ultrafast. Is the fee refundable? It’s not refundable on the Turtle account. It is refundable on all the other accounts. Target for phase one. There’s a 10 percent target for phase one on the Trades with Edge Turtle and Hare, 6 percent on the Ultrasmart, and 8 percent on the Ultrafast. Target for phase two for the Hare is 5 percent. Target for phase two on the Ultrafast is 4 percent. The maximum drawdown is 5 percent on the Turtle, 10 percent on the Hare, 8 percent on the Ultrasmart, and 10 percent on the Ultrafast.

The daily maximum drawdown on the Turtle is 2.5 percent. It’s 5 percent on the Hare, and it’s 5 percent on the Ultrafast, and it’s not applicable on the Ultrasmart as I think they use the maximum drawdown. Profit share percentage. Traders with Edge, you keep 80 percent of the profits. So if you make $10,000, you keep $8,000 of it. With Ultra Capital Ultrasmart, it says up to 65 percent. You actually start on 50 percent profit share, and then over time, if you meet the milestones, they’ll increase it up to 65 percent. With the Ultrafast account, you start with 60 percent profit share, and then they’ll increase it up to 80 percent as long as you’re meeting those milestones. Traders with Edge, you keep 80 percent straight out of the gate. Minimum trading days for phase one is minimum 10 trading days for both the Traders with Edge accounts and for the Ultrafast account. And the minimum trading days for the Ultrasmart is minimum 30 trading days.

Minimum trading days for phase two is not applicable for both the Turtle account or the Ultrasmart account, because they’re one phase challenges, so you’d already be on a live funded account by that time. Minimum trading days for the Hare account is 10, and the minimum trading days for the Ultrafast is 20. The trading period is 365 days for the Turtle. So you’ve got a full year to pass that. Thirty days for the Traders with Edge Hare, and 30 days for the Ultrafast. And you’ve got 180 days to pass the Ultrasmart. The trading period for phase two is only applicable to the Traders with Edge Hare and the Ultra Capital Ultrafast. You’ve got 60 days to pass the phase two trading period. Can you hold over weekends? Yes, you can hold over weekends for all except the Traders with Edge Hare account.

Can you use EAs? Yes, you can, to all of them. At Traders with Edge, we say just seek approval first if you’re using a fully automated trading robot, because every prop firm has the rule that says you cannot trade exactly the same trades as someone else. So if you’ve gone to a marketplace and purchased a robot, and someone else is already trading with that prop firm with that robot, what will happen is, you might pass the prop firm, and then you go on and you’ll lose your account because you’ve traded with the same strategy as someone else. That’s why we say, if you’re using a fully automated robot, contact us first, and we will review it, and then we’ll let you know if someone else is using that strategy or not, and if you can use it. I want to point out here, though, that you can use trading EA as a trading assistant that can manage your trades.

It will help you to calculate the position size. Maybe you’ll manually enter using the EA. It will manage your trades. It could help you exit the trades and do a bunch of other stuff. That’s completely fine. We actually recommend that you do use a trading assistant tool, because it’ll help you be more accurate and it can monitor the trades while you are not around. Do they allow signals? Yes, all accounts allow signals. Are you allowed to trade news? Yes, you can, to all accounts. Do you get a free retry? You don’t get a free retry on the Turtle account or the Ultrasmart account. The reason being is because you’ve got so long to pass the challenge, it doesn’t make sense that you get a free retry. With the Hare account and the Ultrafast account you do get a free retry. Typically how it works is, if the trading period finishes, so if you’ve got 30 days to pass and the time expires, but you are in profit and you haven’t violated any rules, then you’ll get issued a free retry.

That’s what we do at Traders with Edge. Can you trade Forex? Yes, you can on all accounts. Can you trade digital currencies? You can on all accounts except the Ultrasmart. Can you trade commodities? Yes, you can on all accounts, although you’ve got to pay extra on the Ultrasmart account. Can you trade indices? Yes, you can on all accounts except the Ultrasmart. Can you trade share or stock CFDs? You can on Traders with Edge, both accounts, but you can’t at Ultra Capital, either account. Do they have trading competitions? Yes, Traders with Edge has competitions. So you could go to the website, you could enter into competition, doesn’t cost any money. You can trade against other traders, and then the top traders get awarded a challenge account. Do you have giveaways? Yes, Traders with Edge has giveaways. It seems like, at this time, Ultra Capital does not. An example of a giveaway that we had recently is, you could enter your name and email to enter the draw to win one of three $50,000 prop challenge accounts.

Now, this giveaway might not be still available by the time you watch this video, but it’s an example of what we run from time to time. Do they have trader education? Yes, traders with Edge has education. It seems like Ultra Capital does not. Do they have an affiliate program? Traders with Edge has an affiliate program that pays up to 20 percent of the lifetime of the client. What lifetime means is, if you referred someone today and they purchased in six months time from now, we’ll still pay you a commission for referring that person. If that person purchases again in two years’ time, well, we’ll pay you a commission again for referring that person. So, it’s kind of like having a passive income stream. Ultra Capital pays fixed 5 percent on any referrals. So that concludes our Ultra Capital Alternative and Comparison. If you’ve got any questions, please visit the website traderswithedge.com and talk to us on live chat, join the Telegram channel, or leave a comment below the video. Have a great day.

Ultra Capital is a wholly owned Australian Fintech & Derivatives Trader Recruitment Company registered and in compliance by the Australian Securities and Investments Commission (ASIC) under the Australian Corporates Act (2001) and guarantees its services through Australian Consumer Law (ACL).

Based in Sydney, Australia, Ultra Capital’s goal has always been to disrupt the traditional funding industry whilst empowering retail traders to achieve their goals. Ultra Capital Fund, is Built by Traders, run by Traders and is solely focused on finding, recruiting, and endorsing quality trading talent to sophisticated and institutional investors.

Dissatisfied with the options for funding on the market, they set out to engineer a commercial outcome that aligned with genuinely finding and hiring traders based on their qualities, their talent and their ability to perform within an investor guided transparent platform.

They are motivated to create a funding program that rewards traders for all the right reasons and produces long term career minded traders with a genuine desire to find financial freedom.

The program then uses its systems and analytics to endorse and present reliable results to sophisticated investors, introducing them to quantitative-driven investment options.

They have a vision to grow into a self-sustainable, reliable pool of combined global trading quality that empowers and enriches everyone.

They are headquartered in Level 2, 23 Foster Street Surry Hills, NSW, Australia 2010.

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 100K
  • $3 Million
  • Yes
  • 1
  • $750.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 100K
  • $3 Million
  • Yes
  • 2
  • $590.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Ultra Capital UltraSmart

$ 100K
  • $2 Million
  • Yes
  • 1
  • $460.00
  • Yes
  • 6%
  • N/A
  • 8%
  • N/A
  • Up To 65%
  • 30
  • N/A
  • 180
  • N/A
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes(add on)
  • 5%

Ultra Capital UltraFast

$ 100K
  • $1 Million
  • Yes
  • 2
  • $459.00
  • Yes
  • 8%
  • 4%
  • 10%
  • 5%
  • Up To 80%
  • 10
  • 20
  • 30
  • 60
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • 5%

Choose your account type

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