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What is a propfirm?
UWM Support Team avatar
Written by UWM Support Team
Updated over a week ago

Great question!

A prop firm is an entity in which a trader is allocated a portion of the firms capital in order to have the trader employ their own market strategies and receive a portion of any profits made using that capital. Historically, prop firms have been brick and mortar establishments that employed traders with years of experience or trained less experienced traders on how to become profitable after the trader put up a large sum of their own capital used for their initial training period. These type of "old-school" prop firms are not very inclusive and the barriers to entry can be prohibitively expensive for the average retail trader.

UnionWealthsManagement is different from these types of firms in several ways:

  1. By allowing traders from around the world to sign up and participate in our evaluation program remotely for a sign up fee that is substantially less than the average brick and mortar prop firm, we have successfully shattered the barrier to entry. This leaves only the most important fact to be considered for entry into our program, whether a trader actually has a profitable strategy or not.

  2. By allocating all UnionWealthsManagement Traders with virtual balances on demo accounts, our firm is able to more successfully perform risk management on the whole group of traders which allows for substantial improvements in the amount of traders that can be successful on our platform at any given time.

  3. We offer many proven successful courses of which help you unlock the secrets to successful trading with our Mastery Course, offering a deep dive into the world of trading. Explore every aspect of trading, from pre-trade analysis to post-trade review, and gain a comprehensive understanding of the mechanics behind each decision.

    And as a special bonus, tap into the power of your mind with our exclusive course, "A Trader's Mind". Learn the psychological strategies and emotional control techniques used by top traders to achieve consistent success in the markets. Unlock the key to your trading success and take your skills to the next level with our Mastery Courses and "A Trader's Mind".

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