How it works

Ultraprop has two phases: an evaluation anyone can attempt, and a funded account you earn by passing. This page explains both, plus the economics that make the model work.

The evaluation

You pay an evaluation fee and receive an account loaded with notional capital: $10,000 to $50,000 depending on your tier. Then you trade, under a fixed set of rules:

• Profit target: the gain you need to pass (e.g. 8%).
• Maximum drawdown: the most you can lose from your starting balance before the account is failed (e.g. 10%).
• Daily loss limit: the most you can lose in a single UTC day (e.g. 5%).
• Trade budget: a cap on the number of trades per evaluation (e.g. 200).

Hit the profit target with every rule intact and you pass. Break a hard rule (max drawdown or daily loss) and the evaluation ends immediately. There are no warnings and no appeals, because no human is making the call: the rules are enforced by the contract.

The funded phase (v2)

Passing graduates you to a funded account backed by the firm's capital. You trade the same surface, but now your profits are split with the firm and paid out in stablecoins. Funded accounts have a profit split (75/25 up to 90/10 in your favor by tier), a scaling ladder that grows your account as you stay profitable, and payouts on a regular cycle. Break a rule on a funded account and it is terminated; you re-enter by purchasing a new evaluation. See The funded phase.

Why the model works

Most retail traders lose money. In a prop-firm structure, the evaluation fees from the majority who don't pass fund the capital allocated to the minority who do. The firm earns on three streams: evaluation fees (the largest), profit splits on funded traders, and tier upgrades. It absorbs funded losses, which are structurally capped by the max-drawdown rule. Across enough evaluations, fee revenue exceeds the losses the firm covers.

This is why rule enforcement has to be ruthless and impartial. If the rules bend, the economics break, so they don't bend, and they aren't adjudicated by a person.

What "crypto-native" actually buys you

Ultraprop runs on the Sui blockchain, but you never have to see it. What the chain buys you is concrete:

Keep reading

• Tiers & accounts
• The rules
• How the platform works: the technical detail.