There are no UltraCap Trading reviews on the FPA, which is a direct red flag for the firm. On Trustpilot, the firm has also very few reviews, which makes it very difficult to assess traders’ experience with the firm. When it comes to experience, the firm was launched in 2021, which makes it fairly experienced in the prop trading industry. All funded challenges are simulated accounts and traders can only trade on these demo accounts even after they get funded. 

The firm gets a 1 score in this section.

UltraCap Trading funded programs are two, the Ultrasmart plan, and the Kickstart program. The former is a 2-step challenge, while the latter is a free trial account that allows traders to reduce costs for the first account. 

UltraCap Trading funding options include 25k, 50k, 100k, and 200k USD amounts. There are no smaller UltraCap Trading challenges, which is very disadvantageous for beginners. 

UltraCap Trading scaling plan is not available, which is a big issue as traders can not grow their accounts. This is especially unfortunate for seasoned traders who want to gain access to large trading accounts.

As a result, the firm gets a 2 score in this section. 

UltraCap Trading prop trading assets only include Forex pairs, commodities, and indices. The leverage is up to 1:30 which is decent. There is no possibility to access other asset types such as cryptos, stocks, futures, etc. 

Overall, the firm gets a 2 score in this section as well. 

UltraCap Trading rules include a 6% profit target, an 8% maximum drawdown, and a 4% daily loss limit which is a bit strict. News trading is not allowed, and traders can not hold positions overnight and over the weekends. The only good thing about the firm is its relatively low 6% profit target. However, the firm states that it is from 6% and not 6% straight.

Overall, the firm gets a 0.2 score in this section.

The pricing at UltraCap prop firm is expensive, starting at 199 USD for the 25k USD challenge. This price can be reduced further by passing the firm’s free trial account. The reduced price is 100 USD for a 25k USD challenge, which is competitive. 

UltraCap Trading free trial is available and allows traders to reduce pricing for funded challenges, which is competitive. However, no UltraCap Trading free repeat is available, which is a downside. 

Overall, the firm gets a 2 score in this section. 

The firm does not provide access to any advanced trading platforms. Instead, there is only a custom web trading platform which is far inferior in functionality to MT4 or MT5, which is a red flag. Not only can the firm manipulate prices, but traders are also limited to analyzing markets. There is no possibility to use custom indicators and EAs.

Overall, the firm gets a 0.9 score in this section, as it only offers a web trading platform. 

UltraCap Trading profit split starts at 70% which is decent. Traders can get up to 90% after consistent trading. Withdrawal processing times are slower, which is a downside.

The firm gets a 2.5 score in this section. 

The firm lacks comprehensive educational resources such as video guides, webinars, or trading courses. There is no trading blog offered either, which is disadvantageous. No tools are available to assist traders or measure their performance.

Overall, the firm gets a 0 score in this section. 

When it comes to customer support, the firm only provides email support options. There are no live chat or phone support options available, which is a downside for the firm. The support and website are both multilingual. 

The firm gets a 2 score in this section.