Ubrokers Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-05-10 18:11

Abstract：Ubrokers is a Greek online forex and CFD broker that began operations in July 2020. Its operating company is Capital Securities S.A., with their headquarters being in Athens, Greece.

　　General Information

　　Ubrokers is a Greek online forex and CFD broker that began operations in July 2020. Its operating company is Capital Securities S.A., with their headquarters being in Athens, Greece.

　　Regulatory Warning

　　Multiple financial regulators have issued warnings against Ubrokers. In November 2020, the FCA put out a statement saying they believe Ubrokers to be offering services within the UK without authorization. This warning was followed by a similar warning from the Italian regulator, CONSOB.

　　Official Website Unavailable

　　As of now, the website of Ubrokers is not available. We can only find some fragmentary information on the Internet.

　　Market Instruments

　　Ubrokers offers over 100 currency pairs, stocks, indices, commodities and CFDs for personal investments and trading options.

　　Leverage

　　Because Ubrokers is a Greece-based broker and Greece is within the European Union, the broker follows the ESMA leverage limit of 1:30.

　　Trading Platform

　　Instead of the standard MetaTrader 4, Ubrokers gives clients access to the Scipio platform. Traders can access the platform from their browser and via mobile apps.

　　Final Warning

　　The website is not available and there is no contact information. We assume that the broker Ubrokers might be closed or run away. Please be aware of the risk!