UBKMARKETS

Read reviews

Advantages:

Not found

Disadvantages:

Not found

About company:

UBK Markets is a Forex broker and social trading.

history of the company

The UBK Markets website states that the brand was founded in 2011. At the same time, the history of the company dates back to 2002, when the company began to conduct research and experiments that formed the overall development strategy of Simcord.

Simcord provided services in the field of capital management, and in order to expand its activities, the company's management decided to create an international brokerage company UBK Markets.

Fund security

Today UBK Markets is owned by UBK Markets LTD, which operates under the license of the Cyprus Securities and Exchange Commission (CySEC). This gives access to the entire single European market. The broker can provide his services in any member state of the European Union. More importantly, the control of the licensing authority guarantees investment protection in the event of bankruptcy or insolvency of the broker.

Trading conditions

UBK Markets provides clients with Classic accounts, iPA-Manager, iPA-Investor. The broker works using ECN technology, directly with liquidity providers: Hotspot FX, Integral, FXCM, Currenex and others.

Minimum deposit

To trade on the Classic account, it will be enough to deposit $ 25. This amount allows almost every trader to start trading. The deposit will be especially profitable for beginners who can try their hand at a small amount.

Spreads and commissions

UBK Markets says that it provides floating spreads, and the minimum possible spread is 0 pips. The broker does not indicate specific asset spreads. On the other hand, all traders know the broker's commission - $ 9 per trading lot. This means that the broker's spread starts at 0.9 pips.

Leverage

The company offers leverage up to 1:30. This will be enough for most traders, but professionals will surely be unhappy with such a small leverage when other companies can offer up to 1: 500.

Although in the modern world there is a tendency when regulators oblige brokers to reduce the size of the offered leverage to 1:50. This is done to protect investors.

Trading platforms

The platform offered by UBK Markets is called the iPro Marketplace. This is the company's own development. You can see the similarities between the terminal and the popular MetatTrader4. However, this is a completely different product. iPro Marketplace includes an investment module, methods for analyzing large arrays, economic data.

The terminal is perfect for both beginners and professionals. iPro Marketplace is available for mobile, but only for Android.

Significant services

UBK Markets offers its own iPA Social Trading / Signal Tracking System.

The main feature of the iPA technology incorporated into the system is the assessment of the quality of the trading signal. The assessment is carried out according to a number of quality indicators that meet the standards of effective trading: signal reliability, possible profitability, and many others.

While the company claims this is something revolutionary, it is actually very similar to other offerings on the market. All trades must be closed at the close of trading on Friday. This limits risks, but makes the service unattractive for long-term traders and investors.

Support service

It is worth noting that we were not immediately able to find ways to contact support. The broker offers to find the answer to the question in the frequently asked questions section, or to order a call back. You can contact the manager after registration. But, nevertheless, contact details should be open to everyone.

It is very inconvenient when the client has to wait for a call back and cannot call or write himself.

The site is available in Russian and English.

Ways of payment

UBK Markets deposit and withdrawal methods: bank transfer, WebMoney credit card, Skrill and OKPay.

Criticism of traders

Traders mostly complain about withdrawing funds from UBK Markets. But we must note that such complaints are not common.

The main advantage of trading with this broker should be its legal status. The company is controlled by one of the strictest and most active regulatory bodies - the Cyprus Securities and Exchange Commission.

Pros:

regulated broker; low deposit; social trading.

Minuses:

low leverage; no spreads are specified; support numbers are not listed.

FAQ - BROKER QUESTIONS UBKMARKETS

Do trader reviews affect the rating of UBKMARKETS?
Any review can raise or lower the company's rating. To read the reviews, go to the forex or binary brokers rating and select the broker you are interested in.
How to leave a review about UBKMARKETS on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
Can the broker UBKMARKETS be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. UBKMARKETS received a rating of 1 out of 5 on our resource.