Ualgo-The overview of minimum deposit, leverage, spreads
Abstract：Founded in 2016, Ualgo is an unregulated broker registered in Saint Vincent and the Grenadines, offering trading in forex pairs, CFDs on crypto coins, stocks, commodities, precious metals and indices with leverage up to 1:200 and spread from 2.6 pips on the Bronze account through the Sirix trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is up to $500.
Note: Ualgo's official website - https://www.ualgo.com/ is currently inaccessible normally.
| Ualgo Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex pairs, CFDs on crypto coins, stocks, commodities, precious metals, indices |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | From 2.6 pips (Bronze account) |
| Trading Platform | Sirix |
| Min Deposit | $500 |
| Customer Support | 24/7 support |
| Contact form | |
| Tel: +35 725 030 881 | |
| Email: cs@ualgo.email | |
| Address: Vallerstrasse 21, Payerne, Switzerland | |
Ualgo Information
Founded in 2016, Ualgo is an unregulated broker registered in Saint Vincent and the Grenadines, offering trading in forex pairs, CFDs on crypto coins, stocks, commodities, precious metals and indices with leverage up to 1:200 and spread from 2.6 pips on the Bronze account through the Sirix trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is up to $500.
Pros and Cons
| Pros | Cons |
| Various trading products | Inaccessible website |
| Demo accounts | No regulation |
| Multiple account types | Wide spreads |
| Popular payment options | No MT4/MT5 platform |
| 24/7 support | High minimum deposit requirement |
| Withdrawal fee charged | |
| Long withdrawal processing time |
Is Ualgo Legit?
No. Ualgo currently has no valid regulations. Please be aware of the risk!
What Can I Trade on Ualgo?
| Tradable Instruments | Supported |
| Forex pairs | ✔ |
| CFDs | ✔ |
| Crypto coins | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Precious metals | ✔ |
| Indices | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are four account types Ualgo offers:
| Account Type | Min Deposit |
| Bronze | $500 |
| Gold | $10,000 |
| Platinum | $25,000 |
| Diamond | $50,000 |
Leverage
The broker offers maximum leverage of 1:200. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
Spread
| Account Type | Spread |
| Bronze | From 2.6 pips |
| Gold | From 1.2 pips |
| Platinum | From 0.7 pips |
| Diamond | From 0.2 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Sirix | ✔ | Web, Mobile | / |
| MT4 | ❌ | Beginners | |
| MT5 | ❌ | Experienced trader |
Deposit and Withdrawal
The broker accepts payments via VISA, MasterCard and bank wire transfers.
Withdrawal requests are processed in 7 working days. The withdrawal fee is said to be between €25 and €60 depending on the withdrawal method used.
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