UversFx

Overview of UversFx

UversFx, formally known as PT. Universe Synergy Futures, is a distinguished forex broker based in Indonesia, established in 2011. It operates under the stringent oversight of Indonesias Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI). The brokerage offers forex, precious metals, and oil. UversFx emphasizes tight spreads, starting from 1.5 pips for EURUSD, and supports popular trading platforms like MetaTrader 4 and 5.

Pros and Cons

UversFx stands out with its regulation by BAPPEBTI and a Retail Forex License, which can inspire confidence in its legal compliance and dedication to client security. The broker's offerings, including Forex, precious metals, and oil, accessed through MetaTrader 4 and 5 platforms, appeal to a variety of trading interests. Additionally, the partnership with Bank Central Asia for segregated accounts further enhances the safety of client funds.

On the flip side, UversFx falls short in transparency regarding account types, leverage, fees, and withdrawal processing times, which could deter informed decision-making by prospective clients. The narrow range of market instruments might not satisfy traders looking for extensive diversification. Also, the lack of modern payment methods such as e-wallets and cryptocurrencies could limit the broker's appeal to tech-savvy traders who prefer contemporary transaction methods.

Is UversFx legit or a scam？

UversFx holds regulation from the Indonesian Commodities and Futures Trading Regulatory Authority (BAPPEBTI), with a Retail Forex License.

Market Instruments

UversFx offers a specialized selection of market instruments tailored for traders focusing on Forex, precious metals, and oil. Forex markets provide high liquidity and opportunities in currency exchange fluctuations. Precious metals trading appeals to those seeking assets with stability in times of economic uncertainty. Oil trading offers insights into global economic health and energy consumption patterns.

How to Open an Account with UversFx

1. Registration: Navigate to the UversFx website, locate the ‘Buka Akun’ button, and provide your personal information, including your name, email, and contact details.

1. Document Submission: Upload the necessary documents for identity verification, such as a valid government-issued ID and a recent utility bill or bank statement for address verification.

2. Account Activation: Once your documents are verified, your account will be activated, and you will receive a confirmation email.

3. Deposit Funds: You can then deposit funds into your account using the available methods, which typically include bank transfers and digital payment systems.

4. Start Trading: With funds in your account, you are ready to start trading on the UversFx platform.

Spreads & Commissions

UversFx promotes itself as providing competitive trading conditions, highlighting its tight spreads from 1.5 on the EUR/USD pair.

Trading Platform

UversFx offers the MetaTrader 4 and MetaTrader 5 platforms, recognized for their comprehensive technical analysis tools, versatile trading systems, and algorithmic trading and Expert Advisors support. Accessible on Windows, Android, and through WebTrader, these platforms indicate that UversFx accommodates traders whether they are mobile or desktop-based.

Trading Tools

UversFx provides an Economic Calendar, suitable for monitoring important financial events and indicators that impact the markets, as well as strategizing their trades around forthcoming economic data releases.

Deposit & Withdrawal

UversFx offers segregated account services in collaboration with top Indonesian banks like Bank Central Asia.

Customer Support

Contact: (021) 2260-6829

Email: Info@Usersefx.Co.Id

They also provide a contact form available on their platform for additional support queries.

Conclusion

UversFx, under the regulatory umbrella of Indonesia's BAPPEBTI, offers a robust trading environment featuring MetaTrader 4 and 5 platforms, along with opportunities in forex, precious metals, and oil.

Nonetheless, it lacks clear communication about account specifics, leverage options, and fee details, potentially complicating decision-making for traders. Furthermore, its traditional approach to payment methods and the narrow focus on market instruments could hinder versatile trading solutions.

FAQs

Q: What trading assets are available at UversFx？

A: UversFx offers trading opportunities in Forex, precious metals, and oil.

Q: Is UversFx subject to regulatory oversight？

A: Yes, UversFx operates under the regulation of Indonesia's BAPPEBTI.

Q: What platforms can I use for trading at UversFx？

A: UversFx provides access to the widely-used MetaTrader 4 and MetaTrader 5 trading platforms.

Q: How do I start trading with UversFx？

A: Begin by registering on the UversFx website, complete the registration process, verify your identity, and you can start trading after depositing funds.

Q: What are the spreads for trading at UversFx？

A: UversFx offers competitive spreads, starting at 1.5 pips for major pairs like EURUSD.

Q: What methods can I use for transactions at UversFx？

A: Transactions at UversFx are conducted through bank transfers, especially with the Bank Central Asia.

Q: Are there any analysis tools offered by UversFx？

A: Yes, traders at UversFx can utilize an Economic Calendar to plan their trading strategies around key economic events.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.