FAQs

Here you’ll find answers to frequently asked questions about our company and services.

Frequently Asked Questions

What is UpperCircuit?

Upper Circuit is a Simulated / Virtual Trading Platform, offered for all types of traders to help them trade without risking their own capital. We make sure to reward consistent traders by giving Real-Money Payouts on the profits they make. Our aim is to provide traders an opportunity to trade & improve their trading skills.

How does it work?

Steps to start trading on Upper Circuit & get Real Money Payouts: 1. Browse through the different plans we offer & select the one which suits you the best. 2. Purchase the plan by making the payment. Within 24-48 Hours, you will receive credentials on the email ID provided while making the purchase. 3. There are 2 types of accounts- Demo & Prime. Demo accounts are the ones where you need to first achieve the target on the trading platform by making sure all the rules are followed. Prime accounts are the ones where you can apply for Real-Money Payouts for the profits you make. 4. There are 2 different types of plans with multiple options for starting balance – Evaluation & Rapid. In Evaluation, You will start with a phase 1 account, which can be upgraded to phase 2 account which can be upgraded to Prime account if all the targets are met and no rules were broken. Rapid plan directly starts with a Prime account. 5. Once you complete all the targets and are eligible for payout, you can apply for it through the Web Trader. Our team will then analyse your account and process the Real-Money Payouts to the Bank Account Details provided. 6. Payouts will be processed only after the KYC & Bank account verification. It generally takes around 5-7 Business days.

Who can buy the membership plans?

Since it is a Simulated Trading platform, there is no age barrier to start your journey with us.

Which markets are covered?

Initially we have launched Indian Stock Market on the platform consisting of large caps, midcaps & indices. We have plans to get commodities, crypto & forex Market on the platform as we grow. Trading for Indian Stock Market starts at 9.16am to avoid manipulation

What is the Evaluation plan?

Evaluation plan is a Big Capital consistent trader plan. Here the amount of starting trading balances are big, but you need to prove yourself as a trader before you get the Prime account. After you purchase the plan according to your balance requirement, you will receive the credentials for your Phase 1 account via email within 24 hours. You can use these credentials to log in on the Web Trader through your computer/mobile browser or the Upper Circuit Trading App on your phone.

Targets & Trading Days for Phase 1 Account

The profit target for the Phase 1 account is set at 10% of the starting balance. This target must be achieved within a 30-day trade cycle, starting from the day of the first trade. For example, if you opt for a trading balance account of 15,00,000, your profit target will be 150,000, making your account balance 16,50,000. Profits will always include unrealized profit/gain on open positions. Once you achieve the target, please close all positions and apply for an account upgrade through the WebTrader. After thoroughly analyzing your account and ensuring all other rules were followed, our team will provide the credentials for the Phase 2 account. Minimum Trading Days: 5 Maximum Trading Days: 30 If you achieve your profit target and have completed the minimum trading days, you can apply for an account upgrade immediately. There is no need to wait for the 30-day trading cycle to conclude.

Target & Trading Days for Phase 2 Account

Target & Trading Days for Phase 2 Account Phase 2 Accounts have a target profit of 5% on the starting balance. For example, if you get a 15,00,000 Balance Phase 2 Account, your target profit is 75,000 to be achieved with in 30 Days of taking the first trade. Once you achieve the target within given time, you can apply for account upgradation to Prime account provided none of the rules were broken. Please make sure to close all the positions before you apply for account upgradation. Minimum Trading Days 5 Maximum Trading Days 30 If you achieve your Profit target and Minimum Trading days are over, you can apply for upgradation of account right away. Don’t need to wait for 30 day trading cycle to be over.

Target & Trading Days for Prime Accounts

There are no Profit Targets set for Prime accounts.
You can make as low as 2% profit or as high as 50% profit in a 30 Day Trading Cycle.
As 30 Days are over, you can apply for Payouts if your account is in Profits and none of the rules are broken.

Real Money Payouts on Prime Accounts are fixed at 75% of the profits made. Once you apply for Payouts, it will be processed within 5-7 Business days after due diligence and KYC Verification.

Minimum Trading Days 5
Maximum Trading Days 30

You can apply for Payout only after 30 day Trading Cycle.

Example: If you are trading with 15,00,000 Prime account and made a profit of 10% i.e. 1,50,000. After 30 Days has passed and all the rules are intact, you can apply for Payout. Real Money Payout Calculation:

1,50,000 x 75% = Rs. 1,27,500 will be paid out to your bank account after due process.

What is a Rapid Plan?

Rapid Plan accounts are more aggressive in nature for aggressive traders. Here you will directly get a Prime Account as you sign up for a Rapid Plan.

Similarly like an Evaluation Plan Account, once you sign up & purchase the Rapid Plan Account, you will receive the credentials on the email ID provided. You can use it to sign in on Web Trader or Mobile Application and start trading.

Target & Trading Days for Rapid Prime Account?

Since you directly get a Prime Account in Rapid Plan, there is no Target profit that needs to be achieved. But there is a threshold of minimum 5% profit to be made within a 30 day trading cycle to be eligible for payout. Minimum 5 Days trading should be completed before the payout can be processed.

For Example, if you sign up for 5,00,000 Rapid Prime account, you start with a balance of 5,00,000 and are required to reach a profit target of 5% i.e. 25,000 within 30 days to be able to get a payout.

What if account is in profit but did not meet minimum 5% profit threshold?

If you account is in profit but was not able to complete 5% profit target, account will be reset after 30 days are over and you will get new credentials & start from the starting point.

What is account is in loss but did not reach loss limits?

If the account is in loss but did not reach loss limits and 30 Days trading cycle is over, account will be liquidated and you will need to sign up again.

What is a WebTrader?