FAQ
INFORMATION QUESTIONS
FREQUENTLY ASKED QUESTIONS
Prop trading, also known as proprietary trading, is a type of trading. Individuals or real and legal corporations provide capital to clients after passing the trading test in this method. They place the chosen one in order for the trader to conduct transactions with it, and they split the profit. (The profit is shared by the capital provider and the trader.)
The ability for the trader to trade with large sums of money without risking personal capital,
Greater trading control leads to stress reduction,
Not being liable for any losses incurred on the prop trading account (under the specific contract, the broker specifies the limit of -his losses and the trader is not responsible for possible losses)
It should be noted that the most important success factor in the Prop Trading is collaboration with a legal company (or natural person) with strong financial support, activity under regulatory body license, and a valid contract, because otherwise the provider of capital or power will fail. It does not pay the trader’s salary, and he may even refuse to pay.
Unicorn Forex Broker, as a main Label broker that is also a liquidity provider and a white label service provider, guarantees the rights of all Prop Trading users and traders.
For the prop trading program, Unicorn Forex Broker has taken into account 5 different packages, with prices for the names and trading terms that vary depending on how much capital the broker provides to the trader.
As a liquidity provider, Unicorn provides this capital, which is made available to the trader in a live account.
The most capital that may be given to a real corporation or legal person is a total of $ 1,000,000 dollars. Traders who want to have more than 500,000 dollars for trading can register and engage in two programs.
Your account will be automatically canceled and the PROP trading contract canceled if you break any of the PROP program’s regulations, whether they apply to the test period or the Live PROP account. and you must register and pay the associated cost all over again if you wish to conduct transactions again. (Take note that discounts will not apply to re-registrations.)
1. Register on UNFXPROP.
2. Complete your identity verification.
3. Choose a prop trading account (pay the fee).
4. Pass the challenge.
If you complete the above steps, you will receive a Top Trader Certificate from UNFXPROP along with a prop trading account with specified capital (up to $1 million).
Using UNFXPROP's capital, you can withdraw up to 90% of your profits.
-Contract based on the best conditions for the trader
-Trading with all forex trading symbols, metals, commodities, stocks, indices, and cryptocurrencies is possible.
-Demo accounts are available.
-Metatrader 5, the most recent trading platform, is provided. There are no restrictions on trading strategy.
There is no time limit for trading; you can trade at any hour and on any symbol.
We have no limit on the number of accounts you can have, but the total capital you can have is $1,000,000.
Swaps are included in the Prop trading account, but the trader has no restrictions on closing trades.
The first profit withdrawal is after one month, the second after three weeks, the third after two weeks, and the fourth after one week. Subsequent withdrawals are made weekly. Initially, traders can withdraw 85% of their profits for the first three times. Afterward, with consistent profitability, they can withdraw 90% of their profits.
For Unicorn challenges (excluding the Gold, Platinum, Martingale, and Tournament challenges), all traders who successfully complete the challenges and reach the real account stage can withdraw their profits at any time. Additionally, traders are required to withdraw their profits once they reach a 10% profit.
If traders do not withdraw their profits after achieving a 10% gain, only 10% of the profits will be credited to them, and any additional profits will not be considered.
Customers are not permitted to perform hedging trades across multiple accounts, whether in our prop firm or in other prop firms (companies using Unicorn servers).
Customers are allowed to have prop accounts in other prop firms; however, if it is determined that a customer has obtained multiple prop accounts under one or multiple names across different prop firms and is conducting parallel trades or hedging (emphasis is placed on conducting trades, not merely having accounts), UNFXPROP reserves the right to suspend the related accounts without prior notice. Additionally, services to the customer will be terminated, and the prop account fee will not be refunded.
Hedging trades between symbols with a common side are also prohibited.
Please note that customers may simultaneously hold accounts with other prop firms while also having an account with UNFXPROP. However, if no parallel trades are conducted in other prop accounts, this does not violate any rules or restrictions.
For example:
In Account No. 99501, a buy trade is opened on the EUR/USD currency pair.
In Account No. 99502, a sell trade is opened on the GBP/USD currency pair.
This type of trading is also considered hedging and will be treated as a violation.
Please carefully follow the rules to avoid potential issues.
Yes, by referring someone to the Prop Trading program, you will receive a reward as soon as the referred person registers in the Prop Trading program. For more information, contact the support team.
This account accepts all valid deposit and withdrawal methods available in the UNFXPROP cabin. Please keep in mind that you can only withdraw from the same method where you deposited your registration amount.
All depositing and withdrawing rules and conditions in UNFXPROP for prop trading program have also confirmed that UNFXPROP receives no additional or hidden commissions for depositing and withdrawing.
