Ualgo-The overview of minimum deposit, leverage, spreads

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

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

Is Ualgo Legit?

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

What Can I Trade on Ualgo?

Account Type

Here are four account types Ualgo offers:

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

Trading Platform

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.