UBFX-Some Important Points about This Broker

General Information & Regulation

UBFX is a project executed by Finance Managers Co. Limited, in partnership with global financial institutions, banks, prime brokers, and other market makers as liquidity providers. UBFX currently holds a retail forex license from the Vanuatu Financial Services Commission (License number: 14745).

Market Instruments

Investors can access the foreign exchange market, gold, silver, crude oil market, and the index CFD market through UBFX.

UBFX Minimum Deposit

UBFX International offers traders four different types of trading accounts: Standard (no minimum deposit), Islamic (no minimum deposit and no SWAP), Raw Spread (over $20,000 deposit), and Corporate (over $5,000 deposit).

UBFX Leverage

When it comes to trading leverage, the maximum trading leverage offered by UBFX is 1:100. Professional traders may hold that leverage level seems a little conservative. However, inexperienced traders are not advised to use too high leverage, as margin trading is pretty risky.

Spreads & Commissions

The spread for EURUSD is 1.6 pips for standard accounts and 1.6 pips for Islamic accounts. The raw spread account has a spread of 0 pips on EURUSD and a commission of 5 USD per lot. For corporate accounts, the EURUSD spread is 0.5 pips.

Trading Platforms

UBFX AU offers traders UBFX mobile software (Apple & Mobile), MT4 trading software, and MAM multi-account management. The UBFX mobile application is an in-house developed tool for retail market trading activities, split between market and pending orders, stop-loss and take-profit, and powerful real-time charts. The MetaTrader 4 trading software is designed for Forex, Futures MetaTrader 4 trading software is designed for trading Forex, Futures, and CFDs. With MT4, traders can analyze financial markets, perform advanced trading operations or run trading robots (Expert Advisors). The platform supports three trade execution modes, including instant execution, 2 markets, 4 pending orders, and 2 stop orders, as well as trailing stop functionality. Multi-account management software provides a convenient trading page for professional traders and asset managers. Manage multiple trading accounts simultaneously. The trading platform based on cutting-edge technology in multiple areas is both flexible and convenient.

Deposit & Withdrawal

UBFX supports traders to withdraw and deposit funds from their investment accounts via wire transfer (a service fee of $10) and Coin-Gate (a service fee of $15). The minimum withdrawal requirement for all withdrawal methods is $50.

Customer Support

UBFX provides some customer support contact channel, including Facebook, hotline, as well as live chat. Additionlly, there is also a “FQA” section for traders to get some basic answers.