Union Wealth Management Review 2024

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.

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:

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:

Funding Options & Price Range On 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

How to Register and Authorize Your Identity

Opening an account with Union Wealth Management is a typical and simple process. In this section, you will read a tutorial of signing up with UWM:

• Visit the firm's official website;
• Scroll down and click "Buy Challenge";

• Choose your preferred challenge program from the form;
• Select your desired initial funding amount;
• Complete the registration form with your personal, billing and residence details
• Enter your coupon code if you have any;
• Select your preferred payment method and make the payment for your chosen program.

Now, you have bought your chosen account. To Complete the KYC (Know Your Customer) verification process, submit proof of identity (passport or government-issued ID) and 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:

News trading, weekend holding, trade copying, and Expert Advisors are all allowed for every challenge, except that EAs are not allowed in Prime.

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]

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:

• Forex;
• Metals;
• Commodities;
• Indices;
• Cryptocurrencies.

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:

• Bank Transfer
• Cryptocurrency
• Credit/Debit Card

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 is specified for Forex trading. Again, no exact data is provided for other markets.

Trust Scores and Ratings

Trust reviews should be considered important measurements of a prop firm's performance. We visited the Trustpilot website for Union Wealth Management's score and found that it is currently unavailable due to guideline breaches. In other words, the website has detected fake reviews for UWM.

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:

• YouTube: https://www.youtube.com/@uwmtrading
• X: https://www.twitter.com/uwmtrading
• Instagram: https://www.instagram.com/uwmtrading/
• Tiktok: https://www.tiktok.com/@uwmtrading
• Discord: https://discord.com/invite/Q298eDyRQ5

Expert Suggestions

Union Wealth Management charges $6 per lot for Forex trading and offers traders with payouts every 14 days or upgradable to every 8 days.

The maximum total drawdown in the evaluation models starts from 6%. Trading platforms offered by UWM include cTrader and DXTrade.

Traders are also provided with personal managers for tailored support after they are funded.