UBCFX
About UBCFX: A Leading Broker in the Forex Market
UBCFX is a well-established international broker that specializes in offering top-notch services in the Forex market. The company prides itself on providing traders with a diverse range of opportunities, including tight spreads, round-the-clock multilingual support, and cutting-edge trading platforms.
Overview of UBCFX
Year of Establishment: UBCFX was established in 2018.
Regulation: The managing company, United Ventures LTD, oversees the broker’s operations. Specifics regarding the license are not disclosed.
Location: The company is situated at Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, VC0100, Saint Vincent and the Grenadines.
Contact: For support, reach out via email at Support@ubcfx.com or the provided phone number.
Trading Terminal: Clients have access to the MetaTrader5 trading platform in various versions, including PC and web-based options.
Trading Conditions Offered by UBCFX
Trading with UBCFX necessitates registration and selection of an account type. The broker provides access to Forex, commodities, indices, metals, cryptocurrencies, and stocks.
- “Micro” Account: Requires a minimum deposit of $100, offers leverage of 1:100, and spreads of 4 points.
- “Mini” Account: Minimum deposit of $500, leverage of 1:200, and spreads of 2.5 points.
- “Standard” Account: Minimum deposit of $1000, leverage of 1:200, spreads of 2 points, and access to analytical support.
- “Silver” Account: Minimum deposit of $5000, leverage of 1:200, spreads of 1.5 points, and an individual account manager.
- “Gold” Account: Minimum deposit of $10,000, leverage of 1:200, spreads of 1 point, and an individual account manager.
Clients also have the option of a VIP account with a deposit of $50,000.
Deposits and Withdrawals at UBCFX
Funding your account is possible through bank cards, wire transfers, and payment systems such as Skrill, Webmoney, and Neteller. Withdrawals are processed using similar methods.
The broker does not enforce minimum requirements for deposits and withdrawals. However, clients should consider the commissions of payment systems. Additionally, clients are supplied with a credit card for operational convenience.
Reviews of UBCFX
Potential traders should note that UBCFX operates from Saint Vincent and the Grenadines, which is considered an offshore zone. It is advisable to seek advice from a financial expert before engaging in any cooperation. Sharing personal experiences with the company and rating services on a scale of 1 to 5 can be beneficial for fellow traders.
This review has been prepared by the specialists at ExpertsReview.
My experience with UBCFX was deeply disappointing and below par. Communication was extremely poor with delayed responses and misleading information. I felt as though my concerns and issues were not taken seriously. The platform was consistently glitchy, often causing avoidable losses. Moreover, the broker failed to guide me effectively during difficult trading situations and their educational resources were utterly inadequate for a first-time investor. The withdrawal process was also time-consuming and infested with hidden charges. In general, their service lacks transparency and efficiency. I wouldn’t recommend UBCFX to anyone eager to delve into the trading world.