Unlocking Financial Freedom: A Revolutionary Shift in LiveSim® Fee Structure

Introducing a Paradigm Shift in Funding

We are delighted to unveil a transformative change in our fee structure that will empower LiveSim® traders like never before. Effective February 19, 2024, our esteemed traders who successfully navigate our rigorous funding evaluations will no longer be burdened with the upfront payment of the $139 setup fee.

Eliminating Barriers to Success

Previously, aspiring traders seeking the advantages of a LiveSim® Account had to delve into their personal funds to cover this upfront fee. Our new policy liberates traders from this financial constraint, allowing them to embark on their trading journey without the pressure of immediate out-of-pocket expenses.

Under this innovative fee structure, the $139 setup fee will be seamlessly deducted from the trader’s first profit withdrawal. This ingenious approach ensures that traders only pay for their success, eliminating any upfront financial hurdles.

Understanding the Setup Fee

The Five Pillars of Uprofit’s Revolutionary Fee Structure

Our funded traders with non-professional CME status are exempt from the monthly $135/exchange data fees. Instead, they incur a one-time setup fee that encompasses data access from all four CME exchanges and the multifaceted costs associated with establishing and maintaining a funded account.

These costs encompass expenses related to Rithmic account creation, platform development, technological enhancements, and the provision of exceptional customer service. This setup fee, once an upfront payment, has now evolved into a one-time charge deducted exclusively from the trader’s initial profit withdrawal.

Navigating Profit Withdrawals

Our funded traders enjoy the flexibility of withdrawing their profits on a weekly basis, with a minimum withdrawal threshold of $100. However, for the inaugural withdrawal, profits must surpass this threshold to accommodate both the minimum withdrawal amount and the one-time setup fee.

In essence, traders require a minimum profit of $239 ($100 + $139 setup fee) to initiate their first withdrawal.

Illustrative Examples

– If your trading prowess has yielded $500 in profits and you request your first withdrawal, the $139 setup fee will be deducted, leaving $361 available for withdrawal.

– If your initial profits stand at $239, after deducting the $139 setup fee, you will have $100 available for your first withdrawal.

– If your profit is $100, you will need to accumulate additional profits to meet the $239 threshold (minimum withdrawal + setup fee) before you can initiate your first withdrawal.

Subsequent withdrawals will adhere to the standard $100 minimum, without any additional setup fee deductions.

Empowering Traders, Fostering Success

The Five Pillars of Uprofit’s Revolutionary Fee Structure

Our revised setup fee policy is a testament to our unwavering commitment to transparency and the prosperity of our traders. This strategic change introduces a multitude of advantages for our trading community:

Reduced Initial Investment

Traders now embark on their trading journey with a reduced financial burden, as they are no longer required to pay the setup fee upfront from their personal funds upon successful evaluation completion.

Mutual Success

Our interests are inextricably aligned with the success of our traders. The setup fee is only levied when traders generate profits, fostering a symbiotic relationship where both parties thrive.

Maximum Transparency

Our policy is crystal clear, with no hidden fees or ambiguous fine print. Traders can confidently plan their finances, knowing exactly what to expect, without the fear of unexpected costs.

Frequently Asked Questions

Is the setup fee refundable?

No, the setup fee is non-refundable. It covers the immediate costs associated with establishing and maintaining a funded account, which are irreversible.

Do traders pay the setup fee if they pass the evaluation but do not generate profits?

No, traders are not obligated to pay the setup fee if they pass the evaluation but fail to generate profits.

What is the minimum withdrawal amount?

The minimum withdrawal amount is $100. However, for the first withdrawal, this amount increases to $239 to accommodate the inclusion of the setup fee: $100 + $139. This setup fee is only charged once, so for subsequent withdrawals the standard $100 minimum will apply.

What withdrawal methods are available?

Traders can withdraw their profits via bank transfer or cryptocurrency. These methods are facilitated through our partnership with Rise, a reputable international contract and payment management platform.

When are withdrawal requests processed?

Withdrawal requests are processed once a week, every Tuesday. To ensure your withdrawal is processed the following Tuesday, email your request to the prop firm by Friday, 2 p.m. CT.

Are there any withdrawal fees?

The prop firm charges a $10 withdrawal fee (pass-through fee to Rise), which is waived for withdrawals over $500.

What fees do funded traders incur?

During your evaluation period, your subscription covers all necessary costs, including market data fees, as long as you qualify as a non-professional trader. For those with professional CME status, the data fee is $135 per month per exchange. Once you become a funded trader, you will be responsible for several types of fees:

– Data fees of $135 per month per exchange for professional traders. Non-professional traders pay a one-time $139 setup fee.

– A withdrawal fee of $10, which is waived for withdrawals over $500.

– Platform fees, which vary depending on the trading platform you choose.

– Per-side commission fees, detailed further here.

How can I contact customer support?

Our dedicated team is always available to assist you with any inquiries. You can reach out to us through various channels, including live chat, email, Telegram, WhatsApp, and our Discord Server. We provide support in English, Spanish, Portuguese, French, and Arabic.