Union Wealth Management is a facility to earn trading capital which offers a high profit split of 95%, a low minimum program fee of $70, and scalable funding up to $2M, among other benefits.
But do you know all about UWM? Read this thorough Union Wealth Management prop firm review to learn about its advantages and disadvantages to get a balanced perspective.
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:
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 8% |
Max. Daily Loss | From 5% |
Challenge Time Limit | Unlimited |
News Trading | Allowed |
Maximum Total Drawdown | From 10% |
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 | - |
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
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.
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 is a prop firm with several benefits, such as a profit split of up to 95% and scalable funding of up to $2M. However, there are downsides that need to be totally considered, such as fake reviews on Trustpilot and limited support options.
Considering the disadvantages mentioned, we suggest you conduct thorough research before making final decisions about UWM.
