UBanker-Some Important Points about This Broker

General Information & Regulation

UBanker is the trading name of GREEN POLE Ltd, an online financial services provider registered in Vanuatu, established in 2017, and currently holds an authorized retail forex license in Vanuatu, regulatory number: 14627. Generally speaking, offshore regulators are not that stringent with forex brokers, and investors should use this platform with caution.

Markets Instruments

Tradable financial assets offered by UBanker include Forex currency pairs, commodities, indices, stocks, and CFDs. while some popular assets like crypto currency, as well as energy are missing.

UBanker Minimum Deposit

There appears to be only one standard account set up on the UBanker platform, which has a minimum initial deposit of $200, slightly above the industry standard. In addition, offering only one trading account cannot meet the trading needs and experience of different traders.

UBanker Leverage

When it come to trading leverage, the maximum leverage level is up to 1:200 for forex pairs, 1:200 for commodities, 1:100 for indices CFDs, and 1:10 for cryptocurrency and stock CFDs.

Spreads & Commissions

The spread on EURUSD offered in UBanker standard accounts is 3 pips, which is much higher than the industry standard (between 1.1 and 1.5 pips), and high spreads mean higher trading costs.

Trading Platforms

UBanker offers two in house trading platforms for traders, Mobile PROfit and Web PROfit, instead of the popular MT4/MT5 trading platforms.

Deposit and Withdrawal

UBanker supports traders to deposit and withdraw funds to and from their investment accounts via wire transfer, VISA, MasterCard, Neteller, Skrill, SWIFT, Paysafecard, EFTpay, ecoPayz payment methods.

Customer Support

UBanker provides detailed contact methods for its traders, includng telephone, email as well as live chat support. Traders can also find some related information on its Twitter account.