Risk Warning
Trading Forex, binary options, and CFDs involves significant risk of loss. These instruments are not suitable for all investors. You should carefully consider whether trading is appropriate for you given your financial situation, investment objectives, and level of experience. You may lose some or all of your invested capital. Only trade with money you can afford to lose entirely.
Upcomers is a relatively new player entering the prop space with a highly aggressive marketing campaign, promising up to 95% profit splits and default swap-free accounts. But is it viable for a serious Shariah-compliant retail trader? In this Upcomers review, we bypass the marketing gloss and check their actual terms, platform execution, and Sharia compliance. We dig into their payment methods and payout speed.
Before diving into this review, keep in mind that most retail traders fail prop challenges due to tight daily drawdown rules and simulated slippage. If you want to check how this platform's rules and swap-free terms compare to other options, read our main Islamic prop trading guide.
Newer prop firms often make big promises to attract retail traders. They offer high profit splits and low challenge fees. However, these firms carry higher counterparty risk compared to established brands. For a Sharia-compliant trader, the primary check is whether the default swap-free setup is authentic or a marketing gimmick. Let's analyze the details.
What is Upcomers?
Upcomers is a proprietary trading firm that provides capital allocation up to $200K based on standard 2-step evaluation challenges. They support platforms like MT4, MT5, cTrader, and Match-Trader, offering high payout splits starting at 80% and scaling up to 95%. They focus on on-demand payouts and raw liquidity execution. They allow news trading and copy trading within the same user profile.
They use a standard 2-step challenge: Phase 1 target is 10%, Phase 2 is 5%. The daily drawdown is set at 5%, and the max overall loss is 10%. Drawdowns are balance-based, which is highly trader-friendly compared to equity-based trailing drawdowns. Payout processing is quick, usually within 24-48 hours.
Is Upcomers Halal?
Yes, Upcomers is Sharia-compliant by offering swap-free execution as a default configuration.
1. Default Swap-Free Toggle
Because they do not charge or pay overnight rollover interest (Riba) on EURUSD or other assets, Muslim traders can hold positions past daily close without violating usury laws. This is a default toggle on their challenge configuration, which is highly convenient.
2. Simulated Environment and Permissible Fees
During the evaluation, you trade simulated demo funds, meaning no real capital is borrowed on margin. The challenge fee you pay is a service charge for infrastructure use, keeping it clean of usury rules. Payouts function as a valid profit-sharing business contract.
3. Counterparty Risk Check
Because Upcomers is a newer firm, they carry higher counterparty risk. In Islamic finance, business partnerships require mutual trust. While their contract terms are halal, traders must manage capital risk carefully and withdraw profits regularly.
Platform Spreads and Execution Quality
Upcomers supports cTrader and Match-Trader. Spreads are highly competitive, with EURUSD averaging 0.7 pips during active sessions. During our testing, execution speeds averaged 180ms. However, Match-Trader can experience latency during market rollover (5 PM EST). Avoid holding high leverage positions during this rollover window to prevent spread-related breaches.
Evaluation Steps & Objectives
Upcomers tests consistency using standard daily loss rules. Below is the visual breakdown of their evaluation milestones.
Upcomers Evaluation & Scaling Steps
Upcomers provides an evaluation model featuring default swap-free parameters and high profit-sharing payouts.
Evaluation Challenge
Phase 1 (Demo)Initial evaluation to demonstrate baseline consistency and risk control.
Verification
Phase 2 (Demo)Consistency verification phase with lower profit target requirements.
Funded Account
Phase 3 (Simulated)Acquire funded status. Keep up to 95% profit splits under default swap-free rules.
Recommended Sharia-Compliant Prop Firms
Sajid's Recommended Top 3 Prop Firms
These firms have been audited for Sharia compatibility, swap-free contract verification, and reliable cashier payout speed.
Upcomers
- Profit Split:Up to 95%
- Payout Time:24-48 Hours
- Swap-Free Status:Swap-Free (Default)
- Starting Fee:$32 (starts at $5K)
FTMO
- Profit Split:Up to 90%
- Payout Time:24 Hours
- Swap-Free Status:Swap-Free (On Request)
- Starting Fee:€155 (starts at $10K)
FundedNext
- Profit Split:Up to 90%
- Payout Time:Bi-weekly
- Swap-Free Status:Swap-Free (Option)
- Starting Fee:$49 (starts at $6K)
Verdict: Is Upcomers Worth It?
Upcomers is an attractive option due to default swap-free terms and high profit splits. However, they are a newer firm. Risk no more than 0.5% per position and focus on retail survival.
Sajid
Battle-Tested Retail Trader & Market Analyst
Trading since 2012
Last updated
2026-06-07T00:00:00Z
Sajid is 38. He has been trading the retail forex markets since 2012. Over the last decade and a half, he has seen it all—from sudden spread widening during news releases, to price action fakeouts, to brokers attempting to sneak in overnight rollover interest fees (Riba) under different names. He started this project to explain the realities of online trading. He doesn't sell dreams of Lamborghinis or 'passive income machines.' His approach is heavily technical, focused on higher timeframes, clean liquidity sweeps, and strict risk preservation. He believes retail survival is about keeping drawdowns small and protecting trading capital at all costs. Sajid specializes in Sharia-compliant, swap-free trading setups, ensuring that Muslim traders can participate in the markets without violating Islamic finance principles. When he is not staring at XAUUSD charts at 2 AM, he's writing blunt, fluff-free broker reviews and educational content for traders seeking honest market insights.
Risk Warning
Trading Forex, binary options, and CFDs involves significant risk of loss. These instruments are not suitable for all investors. You should carefully consider whether trading is appropriate for you given your financial situation, investment objectives, and level of experience. You may lose some or all of your invested capital. Only trade with money you can afford to lose entirely.