UW Global

Note: UW Global 's official website - https://www.uw-global.com is currently inaccessible normally.

Registered in Malaysia in 2016, UW Global operates as a broker offering services in Forex, Indices, CFDs, and Metals (Gold & Silver). It provides three types of accounts, along with the advanced trading platforms MT4 and MT5. However, this broker does not hold a legal license issued by any official regulatory institution.

Pros and Cons

Is UW Global Legit?

UW Global has failed to obtain authorization from any regulatory body, leading to a lack of legitimate oversight.

What Can I Trade on UW Global?

UW Global offers trading in Forex, Indices, CFDs, and Metals, specifically Gold and Silver.

Account Type

UW Global provides three account types, ranging from individual traders to corporate entities.

• Individual - Personal Account
• Individual - Joint Account
• Corporate Account

Leverage

In the case of the Forex Syariah account, the leverage is 1:1, indicating that no borrowed funds are utilized in trading. For metal trading, including gold and silver, the leverage details are implicitly tied to the specified contract sizes and margin requirements, despite the absence of explicit leverage ratios.

Spread and Commission

In terms of spreads, for Forex and Metals Trading, the spread is floating. For Syariah-Compliant Forex Trading, the spreads start from 2.0 pips.

As for margins, the margin requirement for Forex trading is listed as $1,000 per lot for day trades and overnight positions, with hedging/locking costing an additional $200 per pair.

Trading Platform

UW Global provides access to both MetaTrader 4 and MetaTrader 5, two of the most professional trading platforms in the forex and CFD trading industry. Both platforms offer technical indicators, graphical objects, and detailed market depth analysis, and they are accessible through web and mobile devices (including phones and iPads).

However, since UW Global is unregulated, there is a possibility that the broker may manipulate your account or even lack permission to offer trading through MT4 and MT5.