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PropFirm
Union Wealths Managment


Doubtful


Overview of Unions Wealth Management Forex Prop Firm

TheTrustedProp
Date: May 10, 2024

In the world of finance and investment, finding the right partner to help you grow your wealth is paramount. Union Wealth Management, with its impressive track record and comprehensive services, is a name that stands out. Let's delve into the details of this financial powerhouse and discover what makes it a compelling choice for investors.

Company Details

  • Name: Union Wealth Management
  • Legal Name: UnionWealthsManagement FZE
  • CEO: SandroUWM
  • Established: November 2022
  • Registered: United Arab Emirates

Evaluation Programs

Union Wealth Management offers three distinct evaluation programs designed to help traders achieve their financial goals. These programs cater to traders of various skill levels and risk appetites.

1-Step Program

  • Assessment Process: One Step
  • Phase 1 Target: 10%
  • Time Limit: None
  • Daily Drawdown: 4%
  • Overall Drawdown: 6%
  • Minimum Trading Days: 3
  • Max Allocation: $400,000

Traders with accounts of $100,000 or more also gain access to the Mastery Course and A Traders Mind course. This program offers different account sizes, including $10,000, $25,000, $50,000, $100,000, and $200,000.

2-Step Program

  • Assessment Process: Two Step
  • Phase 1 Target: 8%
  • Phase 2 Target: 5%
  • Time Limit: None
  • Daily Drawdown: 5%
  • Overall Drawdown: 10%
  • Minimum Trading Days: 5
  • Max Allocation: $600,000

Similar to the 1-Step Program, traders with accounts of $100,000 or more get access to educational courses. The 2-Step Program offers account sizes ranging from $10,000 to $300,000.

Swing 2-Step Program

  • Assessment Process: Two Step
  • Phase 1 Target: 8%
  • Phase 2 Target: 5%
  • Time Limit: None
  • Daily Drawdown: 5%
  • Overall Drawdown: 10%
  • Minimum Trading Days: 5
  • Max Allocation: $600,000

Again, traders with accounts of $100,000 or more receive educational benefits. Account sizes available in the Swing 2-Step Program include $10,000 to $300,000.

Other Notable Features

Union Wealth Management offers more than just evaluation programs; they provide a holistic trading experience.

Skill Building

  • Trading Challenge: Demonstrate your trading prowess for a chance to trade with up to $600,000 of the firm's capital and keep as much as 90% of your profits.
  • Mastery Courses: Acquire essential knowledge and skills in technical analysis, psychology, and other crucial aspects of trading.
  • Dedicated Account Manager: Each trader is assigned a dedicated account manager for quick and efficient support.

Trading Flexibility

  • Low Commissions: Enjoy competitive spreads and low commissions, allowing traders to explore various trading strategies and styles.
  • No Time Limits: Trade at your own pace with assessments that have no time constraints.
  • Instant Payouts: Receive payments through various convenient options, including bank transfers, PayPal, Wise, Binance, Coinbase, and digital currencies.

Regulatory Compliance

Union Wealth Management collaborates with ASIC-regulated broker 'EightCap,' ensuring a safe and regulated trading environment. This broker's exceptional service earned them the title of Best Global Forex MT4 Broker in 2020 at the Global Forex Awards.

Supporting Healthy Lifestyles

UnionWealthsManagement understands the importance of a balanced lifestyle and supports physical activities to help traders thrive.

Eligibility and Scaling Plan Highlights

Union Wealth Management offers an attractive scaling plan, including a profit split of 90/10 for scaled-up accounts. Traders can increase their demo capital over four-month intervals by meeting specific profit criteria.

Restricted Countries

Union Wealth Management restricts traders from accessing and placing orders in countries under OFAC sanctions. These countries include North Korea, Libya, Sudan, Somalia, Cuba, Iran, Lebanon, and Syria.

No Stock Trading

Unfortunately, Union Wealth Management does not allow trading stocks in any of its programs.

In conclusion, Union Wealth Management provides a comprehensive and transparent platform for traders to build their skills, maximize profits, and achieve their financial goals. With a range of evaluation programs, educational resources, and a commitment to trader success, it's a wealth of opportunities waiting to be explored.

FAQs

Yes, Union Wealth Management offers free accounts, but profit splits are not valid.

Yes, you can use trading software and copy traders, but they must be strictly under your name. Multiple IP addresses and misuse of EA's are subject to review.

Absolutely, you can trade during high-impact news events in both the Assessment and Express Programs.

Yes, you can hold trades over the weekend in both demo and live accounts.

The max overall drawdown limit is 10% of your initial balance. Exceeding this limit results in automatic disqualification.

PropFirm
Union Wealths Managment


Doubtful


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