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I agree that it is always worth thinking about funding your own (small) account compared to paying at least one month (or often more) for an evaluation and having the disadvantage of a profit split as well.
And according to their funded trader agreement it is a live account, but I have to admit that I never checked it with a DOM, as they don't provide market depth with their data feed.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Unfortunately they use "UProfitTrader" in the connection field (which appears in the dropdown menu when the setup process for the funded account is completed), so you can't really see if it's a live account or not...
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
I really can't say if this is the case or not...but it doesn't bother me as long as the payouts are real $$ and no SIM $$.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
You could test the "live trading" hypothesis fairly easily.
Go into the Uprofit account and put in a limit orderfar away from the current price, far enough away that you know it won't be hit. Use an unusual amount so you could recognize it.
Go into your live account with your broker, and see if you see that order on the DOM, sticking out by itself. If yes, then it was live. Now go back and cancel it real fast.
This won't work if you don't get enough levels in your live DOM, which depends on your data source, of course. Also, don't try it if you don't really want to take the smallish risk of getting filled. It may not be worth it, just for the sake of pure scientific research.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Thanks Bob, that's correct. But since I have only very few levels to play with, this is too dangerous especially in today's markets.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
So anyone has a funded account for more then 6 months?
A friend of mine got funded with them and I am curious about that part:
"Subject to any provision contained herein for early termination of this
Agreement, this Agreement shall be effective upon the execution of same by
both parties hereto and shall continue thereafter for an initial term of one
hundred and eighty (180) days."
