Uniglobe Markets Review
Clients of Uniglobe Markets are offered a choice 5 4 account types, in order to suit the needs of traders of all levels and preferences. All accounts, except the ECN ones, are commission-free and offer swap-free service. Micro lots are available for trade solely on the Micro account type.
Spreads are floating and vary by account type, however average ones on non-ECN accounts are pretty high – above 1.5 pips for the EUR/USD pair. The ECN account, on the other hand, provides spreads as low as zero, however a salty commission of 15 per lot applies. So, the cost of trading on ECN accounts also exceeds 1.5 pips and may not be considered as competitive pricing.
Keep in mind that scalping, hedging as well as automated strategies (EAs) are allowed on all account types, while free trading signals are available on Standard & ECN accounts.
As regards margin requirements, Uniglobe Markets is one of those brokers offering high leverage levels, reaching 1:500. We advise traders to exercise caution when utilizing high leverage ratios, for their involve greater risk.
The Company. Security of Funds
Uniglobe Markets is an offshore broker, offering trading in currency pairs, CFDs on indices & commodities on the most popular trading platform, the MetaTrader 4. Uniglobemarkets.com is a domain owned and operated by Uniglobe Markets Limited, a company registered in the Marshall Islands.
Brokers based in Marshall Islands just need to complete a simple registration procedure and don’t face any of the strict requirements that brokerages regulated in the US or in the UK do. To put it simply, when operating with such brokerages, traders will be receiving very limited regulatory protection and oversight, if any.
Uniglobe Markets offers its customers the famous MetaTrader 4 (MT4), desktop and mobile versions available (for Android & iPhone).
Here you may look up more forex brokers offering MT4 platform.
Bonuses & Rebates
At the time of writing of this review, Uniglobe Markets offers its traders the following promotions:
– – 60% on-deposit welcome bonus up to a maximum of USD 6000, which is credited for a period of two months for trading purposes only.
This bonus applies to deposits of at least USD 300 and the leverage available for accounts with this bonus offer is 1:300.
– – Cash rebates from $4 to $10 per lot, depending on the volume traded, which are provided upon request.
To be eligible for the cash rebates, a client must maintain a trading account with Uniglobe Markets for at least one month after initial deposit.
– – Refer a friend bonus of 10% of the referral’s net deposit (at least $100) up to $3,000 (per referral).
Methods of Payment
Uniglobe Markets offers a large number of payments methods to accommodate all our clients: bank wire transfer, credit/debit cards and e-wallets Neteller, Skrill, WebMoney, Qiwi, Perfect Money, OKPay, FasaPay, and PayPal.
Uniglobe Markets is an offshore brokerage that offers reasonable conditions for trading in forex and CFDs through the robust MT4. Our concern with this brokerage is its looser regulation, as well as comparatively high cost of trading.
Uniglobe Markets Review Conclusion
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