UBK Markets
Introduction to UBK Markets
UBK Markets is a renowned company specializing in facilitating ECN account openings for forex trading. ECN, which stands for Electronic Communication Network, provides a direct platform for interaction between major organizations and individual traders, eliminating the need for intermediaries. The advantages of ECN include no requotes, minimal broker intervention, and the flexibility to choose diverse trading strategies. Despite these benefits, it is essential to consider certain drawbacks such as additional commissions and variable spreads.
UBK Markets not only offers exceptional trading opportunities but also provides avenues for earning through account management without investing personal funds.
Overview of UBK Markets
Foundation Date: UBK Markets, an international entity, commenced its operations in 2011. It operates under the Simcord company umbrella, which is responsible for developing software like the iPro Marketplace platform utilized by UBK Markets’ clientele.
Location: As per the official website ubkmarkets.com, the company’s registered address is Spyrou Kyprianou 67, Flat/Office 2, 4003, Limassol. The registration number is HE 293861. Details regarding the management and support service locations are not explicitly provided.
Contact Information: For inquiries, clients can request a callback via the website or dial the number +(357) 25 353630. Alternatively, correspondence can be directed to office@ubkmarkets.com.
Regulation: UBK Markets Ltd operates under the regulation of the esteemed authority CySEC with license number 186/12. A copy of this certification is accessible on the company’s official website.
iPA System: An innovative creation of UBK Markets, the iPA system administers capital by leveraging trading signals from traders. This system analyzes signals and disseminates the most favorable ones to other clients. The company’s management oversees various websites with domain addresses: ubkmarkets.com, trading.ubkplatform.com.
Trading Conditions
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Classic Account
Initial deposit – $25. Trading instrument – forex, account currency – USD.
Minimum trade volume: 0.01 lot, maximum volume: 25 lots. Step size: 0.01 lot. Maximum open positions and pending orders – up to 100.
Leverage – 1:30, margin call – 60%, stop-out – 50%. Ability for automatic strategy copying and position hedging.
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iPA-Manager Account
For the iPA-Manager account, a minimum deposit is mandatory. Leverage is not applicable, and the manager’s role involves generating trading signals.
Trading instrument – currency pairs. Commission – 16 points, dynamic spread. Minimum and maximum trade volume: 0.1 lot, maximum per currency pair – 0.2 lot. Maximum number of open trades – 36, pending orders – 100.
Remuneration is processed on weekends.
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iPA-Investor Account
The iPA-Investor account is tailored for automated trading and replicates trades from managers on the iPA-Manager account.
Minimum deposit – $50. Financial instrument – forex, commission – $16 for 100,000 units of trading currency. Minimum trade volume and step size – 0.0001. Maximum number of open positions – 200.
Leverage – 1:30 for major instruments and 1:20 for minors. Margin call – 60%, stop-out – 50%. 30% of the investor’s profit is transferred to the manager.
Client Reviews
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This review has been prepared by the specialists at ExpertsReview.