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Ualgo -

Score

1.48 /10
Danger

Ualgo

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ualgo.com

Influence

D

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Score

Regulatory Index0.00

Business Index6.73

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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Broker Information

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Company Name

UMedia LLC

Company Abbreviation

Ualgo

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Ualgo · Company summary

Note: Ualgo's official website - https://www.ualgo.com/ is currently inaccessible normally.

Ualgo Review Summary
Founded2016
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsForex pairs, CFDs on crypto coins, stocks, commodities, precious metals, indices
Demo Account✅
LeverageUp to 1:200
EUR/USD SpreadFrom 2.6 pips (Bronze account)
Trading PlatformSirix
Min Deposit$500
Customer Support24/7 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.

Ualgo

Pros and Cons

Pros Cons
Various trading productsInaccessible website
Demo accountsNo regulation
Multiple account typesWide spreads
Popular payment optionsNo MT4/MT5 platform
24/7 supportHigh minimum deposit requirement
Withdrawal fee charged
Long withdrawal processing time

Is Ualgo Legit?

No license

No. Ualgo currently has no valid regulations. Please be aware of the risk!

Domain information

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 TypeMin 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 TypeSpread
BronzeFrom 2.6 pips
GoldFrom 1.2 pips
PlatinumFrom 0.7 pips
Diamond From 0.2 pips

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Sirix ✔Web, Mobile/
MT4❌Beginners
MT5❌Experienced trader
Sirix

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.

User Reviews

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User comment

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Comments

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๑۩۞۩๑
more than one year
It's so frustrating that the forex company I invested in has disappeared without a trace! I trusted them with my hard-earned money, and now it seems like they've run away with it. I'm angry, sad, and disappointed all at the same time. I hope that someday, these scam companies will be held accountable for their actions.
It's so frustrating that the forex company I invested in has disappeared without a trace! I trusted them with my hard-earned money, and now it seems like they've run away with it. I'm angry, sad, and disappointed all at the same time. I hope that someday, these scam companies will be held accountable for their actions.
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2023-03-20 10:02
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FX1367919021
more than one year
Ualgo requires a minimum deposit of $500... I'm going to try a demo account now and if everything works I'll invest. I am very much looking forward to the performance of this company!
Ualgo requires a minimum deposit of $500... I'm going to try a demo account now and if everything works I'll invest. I am very much looking forward to the performance of this company!
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2023-03-10 14:53
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