Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!
Union Wealth Management is a prop trading firm based in Sharjah, UAE, offering a maximum leverage of 1:100 and four distinct evaluation programs: Prime, Evaluation, Express, and 3-Step.
The firm offers scalable funding from $10,000 to $300,000, with performance-based progression up to $2 million.
Withdrawals are available through bank transfers, cryptocurrency, or credit/debit cards.
Union Wealth Management (UWM) is a prop firm offering scalable funding up to $2 million with a profit split as high as 95%.
The firm provides 4 evaluation models with profit targets ranging from 4% to 8% and daily loss limits of 4% to 5%.
UWM offers a Mastery Course for traders with accounts of $100K or larger, free of charge.
The evaluation fees range from $70 to $1,349, depending on the program and funding level. No time limits are imposed on the evaluations.
Union Wealth Management prop firm review in detail
Company Introduction
Union Wealth Management is a prop trading firm based in Sharjah, United Arab Emirates. Unfortunately, no additional information regarding the parent company is available.
Table Of Features
In this section, we will discuss Union Wealth Management's key specifics at a glance in the form of a table to see if it fits among the top prop firms.
Account Currency
USD
Minimum Price
$70
Maximum Leverage
1:100
Maximum Profit Split
95%
Instruments
Forex, Metals, Commodities, Indices, Crypto
Assets
Not Specified
Evaluation Steps
1-Step, 2-Step, 3-Step
Withdrawal Methods
Bank Transfer, Crypto, Credit/Debit Card
Maximum Fund Size
$2,000,000
First Profit Target
From 4%
Max. Daily Loss
From 4%
Challenge Time Limit
Unlimited
News Trading
Allowed
Maximum Total Drawdown
From 6%
Trading Platforms
cTrader, DXTrade
Commission Per Round Lot
$6 for Forex
Trustpilot Score
Removed Due to Fake Reviews
Payout Frequency
Bi-weekly (Upgradable to Every 8 Days)
Established Country
United Arab Emirates
Established Year
Not Specified
Upsides and Downsides
Every prop firm offers services with some crucial pros and cons, which should be paid attention to. Advantages And Disadvantages in Union Wealth Management:
Upsides
Downsides
High Funding Potential of Up to $2 Million
Limited Support Options
No Time Limits On Evaluations
No Stock Trading Available
Decent Educational Resources
Fake Reviews on Trustpilot
Competitive Profit-Sharing
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Funding Options & Price Range at Union Wealth Management
Union Wealth Management offers a range of funding options to attract traders. Here's a brief look at their pricing and funding structure:
Pricing: Ranges from $70 to $1,349, depending on the chosen program and funding level
Initial Funding: From $10,000 to $300,000
Scaling Potential: Up to $2 million through performance-based progression
This tiered structure enables both low-budget and experienced traders to enter with flexible cost-to-capital ratios.
Union Wealth Management Scaling Plan
UWM offers starting capital from $10,000 up to $300,000, depending on the evaluation program. Successful traders can scale their capital up to a maximum of $2,000,000 through a structured four-month progression system tied to profit consistency and balance growth.
The firm rewards long-term performance with increased capital and a 95% profit share at the highest tier.
How to Register and Authorize Your Identity
Union Wealth Management provides a streamlined onboarding process, enabling traders to quickly access funded accounts. After selecting your challenge and completing payment, you'll need to verify your identity to activate your profile.
#1 Choose Your Evaluation Program
Head over to the official UWM website and click on “Buy Challenge”. From the form, select your preferred challenge type and initial capital amount.
Click the button shown in the screenshot to register with Union Wealth Management
#2 Enter Your Personal and Billing Details
Fill out the registration form with the following details:
Name
Contact information
Billing address
Residence
If available, apply your discount code before proceeding.
#3 Confirm Payment and Complete KYC
Select your desired payment method and finalize the transaction. To complete the KYC process, upload supporting documents, including:
Identification: Passport or Government-issued ID
Proof of Address: Utility bill or Bank statement
Evaluation Challenges in Detail
UWM offers four distinct evaluation programs in 1-step, 2-step, and 3-step models. In this section, the prop firm has done a better job than many of its competitors. Challenges in Union Wealth Management:
Challenge
Prime
Evaluation
Express
3-Step
Price
From $99 to $549
From $99 to $1349
From $129 to $999
From $70 to $895
Profit Target
8%-5%
4%
6% for All Steps
Max. Daily Loss
4%
5%
4%
Max. Total Drawdown
8%
10%
6%
8%
Min. Trading Days
0
5
3
1
Profit Split
95%
90%
95%
Leverage
1:50
1:100
1:30
1:50
Account Size
From $10K to $100K
From $10K to $300K
From $10K to $200K
From $10K to $300K
News trading, weekend holding, trade copying, and Expert Advisors are all allowed for every challenge, except that EAs are not allowed in Prime.
UWM Challenge Time Limit
Union Wealth Management imposes no time limits on its evaluation programs. Traders can progress through their challenge phases at their own pace, focusing on consistency rather than speed.
This flexibility allows part-time and low-frequency traders to participate without performance pressure.
UWM Trading imposes no time limits and offers refunds on challenge fees
Does UWM Offer Any Bonuses And Promotions?
As of our latest research, Union Wealth Management does not offer any specific bonuses or promotions for its prop trading programs. However, currently, there are some official discount codes:
28% off, 100% refund, and 85% profit split with [UWMC], only for cTrader
24% off, 125% refund, and 85% profit split with [UWM24]
15% off with [BOGO]
14% off, 100% refund, and 80% profit split with [UWM14], 14-day payout evaluation
$399 initial fee for $100K challenges with [UWM100]
Union Wealth Management Trading Rules
UWM Trading offers flexibility in its trading programs, allowing the use of Expert Advisors (EAs) and news trading, while enforcing certain restrictions like prohibiting arbitrage between accounts.
VPN usage may lead to account suspension; contact support before trading while traveling;
EAs allowed on certain programs; Prime program traders cannot use EAs;
Arbitrage between accounts is prohibited;
News trading is permitted in all UWM Trading challenges.
VPN Usage
While UWM Trading does not have a clear VPN usage policy, it monitors the IP addresses of clients to ensure secure and fair service.
Using a VPN may lead to account suspension or termination. If traveling, contact the support team beforehand to provide any necessary travel proof.
Hedging
The website does not specify particular regulations regarding hedging activities on UWM Trading, offering flexibility in this regard.
Expert Advisors (EA)
Expert Advisors are permitted on the Evaluation, Express, and 3-Step programs. However, traders in the Prime program are restricted from using EAs. Trade copiers are allowed in all programs without restrictions.
Martingale & Arbitrage Strategy
Union Wealth Management prohibits using arbitrage between challenge accounts within the firm or with any third-party companies.
While there are no specific regulations concerning Martingale strategies, traders should exercise caution.
News Trading
News trading is allowed in all Union Wealth Management prop firm challenges, giving traders the flexibility to capitalize on major market events.
You can utilize TradingFinder's Economic Calendar to keep track of major news events.
Trading Platforms and Software
Union Wealth Management offers two trading platforms with various and unique features. You can choose one based on your preferences:
cTrader:
Offering a user-friendly and attractive interface combined with advanced charting tools
Supports algorithmic trading and custom indicators
cTrader as one of the trading platforms on Union Wealth Management
DXTrade:
A web-based platform offering seamless trading across devices
Access to real-time market feed and useful order types
The availability of multiple platforms ensures that traders can choose the environment that best suits their trading style and technical requirements.
The prop firm operates through EightCap, a licensed ASIC-regulated broker, ensuring compliance and transparency. Whether you prefer algorithmic tools, mobile access, or advanced desktop functionality, UWM offers a compatible environment for most trading strategies.
Which Instruments Can I Trade On Union Wealth Management Prop Firm?
The company offers a comprehensive range of tradable instruments, which include the most common choices:
The diverse instrument selection enables traders to implement various strategies and adapt to changing market conditions effectively.
How to Make Payments
Payouts and fee payments are typically made via several platforms and methods in prop firms. Union Wealth Management offers 3 convenient payment options for traders:
The variety of payment options caters to different trader preferences and ensures smooth transactions for both deposits and withdrawals.
Commissions And Costs in Trading
UWM prides itself on offering competitive spreads and affordable commissions in trading. However, no accurate data regarding the spread is available. For trading fees, a $6 per lot fee is specified for Forex trading. Again, no exact data is provided for other markets.
What Kind of Educational Content is Offered by Union Wealth Management?
This prop firm places a strong emphasis on trader education, offering comprehensive resources to support skill development:
Mastery Course: Free for $100K or more accounts
Traders Mind Program: Focus on developing a winning trader's mindset
Weekly Webinars: Hosted by an experienced trader
Mastery Course as an educational section of the Union Wealth Management's website
The educational offerings are designed to cater to traders at all levels, from beginners to advanced practitioners, fostering continuous learning and improvement.
You can also check TradingFinder's comprehensive Forex tutorials to access additional resources.
Trust Scores and Ratings
Trust reviews should be considered important measurements of a prop firm's performance. We visited the Union Wealth Management Trustpilot profile for its score and found that it is currently unavailable due to guideline breaches. In other words, the website has detected fake reviews for UWM.
Union Wealth Management's scores on Trustpilot were removed due to fake reviews
This is not a good sign for a firm's performance. Therefore, please proceed with caution when trading with it.
Customer Support Services
Union Wealth Management offers customer support through limited channels. In fact, it only provides these support sections:
Email Address: support@uwmtrading.com
FAQ: A searchable section with common questions and their corresponding answers
As per our investigations on the official website, no live chat option is available. However, personal managers are assigned to funded traders for personalized assistance. Also, the website claims that the support team is working 24/7.
Union Wealth Management Social Pages
The company has established social accounts on several platforms for company news and insights. In the list below, you will find the link to each of them:
Click the button shown in the screenshot to register with Union Wealth Management
