Ualgo-The overview of minimum deposit, leverage, spreads

General Information

Ualgo is allegedly a broker registered at First Floor St Vincent Bank Ltd Building, James Street, Kingstown, St Vincent and the Grenadines, providing its clients with trading platforms on different devices, various tradable assets with leverage up to 1:200, variable spreads on four different account types, and 24×7 customer support services.

Market Instruments

Ualgo advertises that it offers a wide range of trading instruments, including CFDs on forex, shares, currencies, commodities, indices, cryptocurrencies, metals and energies.

Account Types

There are four live trading accounts offered by Ualgo, namely Bronze, Gold, Platinum and Diamond. Opening a Bronze account requires the minimum initial deposit amount of $500 and the minimum position of 0.01, while the other three account types with the minimum initial capital requirements of $10,000, $25,000 and $50,000 respectively, as well as with the minimum position of 0.1, 0.2 and 0.5 respectively.

Leverage

The maximum leverage provided by Ualgo is up to 1:200. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Spreads and commissions are significantly influenced by what type of accounts traders are holding. For instance, the spreads for EUR/USD pair is 2.6 pips on the Bronze account, 1.2 pips on the Gold account, 0.7 pips on the Platinum account and 0.2 pips on the Diamond account.

Trading Platform Available

When it comes to trading platforms available,Ualgo gives traders three choices: Station Platform, Mobile Platform and Web Platform. The broker says that Station Platform has all features available across all devices of choice and features with user-friendly, customized levels of interaction, modern trading tools, economic calendar and one-click trading actions. Mobile Platform is equipped with incredibly simplified interface for efficient trading on the go, as well as updates, targeting client preferences and customer feedback. While Web Platform is a intuitive software, providing instant use option, an array of analytical tools, economic calendar and one-click trading actions as well as Station Platform.

Deposit & Withdrawal

Ualgo seems to accept deposit and withdrawal via VISA, MasterCard and bank wire transfer. There are no obvious options for using popular online payment platforms such as PayPal, Skrill, or Neteller. As for the withdrawal requests, they usually can be processed in seven working days. The withdrawal fee is said to be between €25 and €60 depending on the withdrawal method used.

Customer Support

Ualgos customer support can be reached through telephone: 35725030881, email: cs@ualgo.email or send messages online to get in touch. Company address: Vallerstrasse 21, Payerne, Switzerland.