How Can Prop Trading Multiply their Income?
Prop trading, or proprietary trading, is a trading method where the trader does not trade on their own capital but receives capital from another person or company. The goal of this trading method is capital growth, and the trader receives a portion of the profits as compensation based on their performance.
Therefore, a prop trader is someone who trades on the capital of another person or company and receives a portion of the profits based on their performance.
Benefits of Using Prop Trading
Stress-Free Trading
The most important advantage of trading in prop accounts is the lack of stress from losing your own capital. For this reason, traders can focus more on their trades.
Cost Reduction
In addition to reducing costs for traders, prop trading also has this advantage for investment companies. This is because prop accounts are regulated, and all profit and loss calculations are done automatically and online, so there is no need for expenses like providing physical office space for trading.
Increased Profitability
Having a high balance in the account increases the possibility of higher profitability. Since most of the profit belongs to the trader, it is considered an excellent way to earn income in dollars.
In the Prop Tournament, Unicorn Broker has provided an opportunity for traders to benefit from special prop trading account conditions. All traders who fund their live account with $200 or more by the 15th of the month can participate in the Unicorn Forex Broker Prop Tournament and receive a prop account gift without a lottery.
Conditions for participating in the competition:
Make sure to fund your trading account with $200 or more by the end of the 15th of the month and trade 0.5 lots for every $100:
By depositing $200 or more and making one lot of trades, you will receive a $10,000 prop account.
By depositing $400 or more and making two lots of trades, you will receive a $20,000 prop account.
By depositing $1,000 or more and making five lots of trades, you will receive a $50,000 prop account.
By depositing $2,000 or more and making ten lots of trades, you will receive a $100,000 prop account.
On the 15th of the month, apply for the prop competition account from your user dashboard.
By the end of the 30th of the month (server time), you have the opportunity to complete the prop challenge and receive a live prop trading account as a prize from us.
