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Union Wealth Management Review 2024

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Union Wealth Management Review 2024
High Profit Split
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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!

Overview
Company:Union Wealth Management
Founded:2023
Headquarter:United Arab Emirates
Min Price:$70
Max Fund:$2,000,000
Challenges:4
About
Union Wealth Management offers a high-profit split of up to 95%, scalable funding of up to $2M, and allows news trading. However, downsides include fake reviews on Trustpilot, limited support options, and no stock trading. The firm provides diverse instruments and platforms.
Contact
Business Centre, Sharjah Publishing City Free Zone, Sharjah, United Arab Emirates
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
High Funding Potential Of Up To $2 Million
Decent Educational Resources
Competitive Profit-Sharing
No Time Limits On Evaluations
Cons
Fake Reviews on Trustpilot
No Stock Trading Available
Limited Support Options

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.

Union Wealth Management
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:

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

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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.

Union Wealth Management Trustpilot
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:

  • 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.

FAQs

Can I use Expert Advisors (EAs) in Union Wealth Management?

Yes, EAs are allowed on supported platforms. However, Prime account clients cannot use them.

What is the minimum age to open an account on Union Wealth Management?

Traders must be at least 18 years old.

Are there any restrictions on trading styles in Union Wealth Management?

Most trading styles are allowed, but scalping may have limitations.

How often can I withdraw profits from UWM?

Withdrawals are typically processed every 14 days for funded accounts.

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