UWM Trading Prop, where your trading skills meet unparalleled opportunities. At UWM, we believe in empowering traders with the resources they need to succeed.
Our innovative Prime Challenge offers an exciting way to experience rapid payouts in just 8 days, setting us apart as a leader in the prop trading industry.
Join a supportive community where traders help each other thrive, leveraging our funds to maximize your potential.
With the highest passing rates and a commitment to education and top-notch platforms, UWM Trading Prop is your gateway to a prosperous trading future. Let's trade, learn, and succeed together!
Overview of UWM Trading Prop
UWM Trading is a proprietary trading firm that stands out for its comprehensive support and educational resources for traders. The firm offers a variety of trading platforms and boasts one of the highest passing rates among prop firms, which indicates a strong commitment to trader success.
UWM Trading provides live support and trading mastery courses, ensuring that traders have the necessary tools and knowledge to excel. The community aspect is also emphasized, with traders helping each other to succeed, creating a collaborative environment. This combination of resources, support, and community makes UWM Trading a notable choice for aspiring and experienced traders alike.
Why Choose UWM Trading Prop Firm in 2024?
UWM Trading Funding Programs and Challenges
UWM offers three customized evaluation programs to cater to traders with different experience levels and risk tolerances:
Prime Challenge
UWM Trading's Prime challenge offers a $10k-$100k account with an 8% Phase 1 and 5% Phase 2 profit target. Max daily loss is 4%, and overall loss is 8%. Unlimited trading period, 1:50 leverage, $6/FX lot commission, 95% profit split. Weekend holding, news trading, and trade copiers allowed.
Evaluation Challenge
UWM Trading Challenge: Turn $10k-$300k into profit! Phase 1: 8% target, Phase 2: 5%. Max daily loss: 5%, overall: 10%. Trade 5+ days, unlimited period. $6/FX lot commission, 90% profit split, 1:100 leverage. News trading, EAs, copiers, and weekend holding are allowed. 12% reset discount.
Express Challenge
UWM Trading offers a competitive Evaluation Challenge with account sizes ranging from $10k to $200k. Traders aim for a 10% profit target in Phase 1, adhering to a 4% max daily loss and 6% max overall loss. With unlimited trading time, 1:30 leverage, and a generous 90% profit split, UWM allows weekend holding, news trading, and EAs. A 3-day minimum trading period and $6/FX lot commission apply.
3-Step
UWM Trading 3-Step Challenge
- Phase 1: Achieve a 6% profit target with a max daily loss of 4% and an overall loss limit of 8%. Minimum trading days: 1.
- Phase 2: Repeat the 6% profit target under the same risk parameters. Unlimited trading period.
- Phase 3: Finalize with another 6% profit target. Enjoy a 95% profit split, 1:50 leverage, and $6/FX lot commissions.
The programs have varying rules such as profit targets, time limits, drawdown limits, and minimum trading days. Account sizes range from $10,000 to $200,000. Traders with accounts of $100,000 or more can enroll in the Mastery Course and A Traders Mind course.
Education and Support
UWM provides various educational resources and support for traders, including:
UWM Trading Payouts and Customer Service
Traders can request withdrawals via PayPal, cryptocurrency, bank wire, or E-Transfer through the UWM Traders Dashboard. Payouts are typically approved within 24-48 hours.UWM is known for its quick, considerate, and accurate customer support.UWM Trading provides an 8-day payout. However, there have been some reported issues with delayed payouts and account restrictions that raised concerns about their dispute resolution process and commitment to trader success.
Pros and Cons
Pros
Cons
UWM Trading is a well-established prop firm offering funded trading accounts, educational resources, and support. While they have many attractive features, traders should carefully review their terms, conditions, and recent user experiences before committing.
Common Queries Related to UWM Trading Prop
What is UWM Trading Prop?
UWM Trading Prop is a proprietary trading firm that provides capital to skilled traders who pass their evaluation process.
How does UWM Trading Prop Work?
UWM Trading Prop funds traders who successfully complete their evaluation process, allowing them to trade with the firm's capital.
What Educational Resources Does UWM Trading Prop Offer?
UWM Trading Prop provides trading mastery courses and weekly lessons to help traders improve their skills and knowledge.
What Trading Platforms are available at UWM Trading Prop?
How does UWM Trading Prop support its Traders?
How does UWM ensure fair Trading Practices?
UWM likely implements strict risk management protocols and monitoring systems to ensure fair trading practices, although specific details about their compliance measures aren't meUWM mentioned in the provided information.
How do Traders gain access to Funded Accounts at UWM?
Traders participate in UWM trading challenges to showcase their skills. Successful completion of these challenges grants access to funded accounts with larger capital amounts.
Wrapping Up on UWM Trading Prop
UWM Trading Prop stands out as a promising platform for both novice and experienced traders. With its comprehensive educational resources, robust trading tools, and supportive community, it offers a conducive environment for skill development and financial growth.
While no trading platform is without its risks, UWM Trading Prop's transparent fee structure and dedicated customer support make it a reliable choice for those looking to venture into proprietary trading.
As with any investment, potential users should conduct thorough research and consider their risk tolerance before committing. Overall, UWM Trading Prop provides a balanced mix of opportunity and support, making it a noteworthy contender in the trading industry.
