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 Forex Broker 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.
If you receive the two-stage program, the first stage is 30 days and the second stage is 60 days (90 days total), you will receive a prop account with broker capital and the ability to withdraw your transactions after your approval in the second stage. Begin profiting.
If you can make the target profit in the first stage after trading for at least 6 days, you can move on to the second stage without having to wait until the end of 30 days. If you can make the target profit in the second stage after trading for at least 6 days, you can skip the waiting period and get a UNFXB PROP trading account.
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.)
Register in UNFXPROP.
Complete your KYC.
Open a prop trading account (pay the fee)
Complete the two-step program.
If you complete the steps outlined above, you will be awarded a top trader certificate from UNFXPROP, as well as a prop trading account with a specified capital (up to one million dollars).
By using the UNFXPROP capital, you can withdraw up to 90% of your profit
-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.
Profit withdrawal is on a monthly basis. From the first to the third month, 80% of the profit belongs to the trader. From the third to the sixth month, it’s 85%, and with continued profitability from the sixth month onwards, 90% of the profit belongs to the trader.
The first and second profit withdrawals are possible after one month (30 calendar days), and subsequent withdrawals can be made every 15 calendar days.
Customers are not allowed to create similar transactions or hedging in several prop accounts or different prop companies. If UNFXPROP notices that the customer has received several prop accounts in different prop companies or with different names at the same time and created a transaction, Unicorn is allowed to close the participant’s account without prior notice and not to provide any more services to the customer and also not to refund the prop fee.
Yes, if you introduce someone to the Prop Trading program, you will receive an 8% bonus as soon as the introduced person registers.
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.
