Uniglobe Markets review
About the company:
Uniglobe Markets is an offshore broker that offers trading currency pairs, CFDs on indices and commodities via MetaTrader 4, the most popular trading platform.
About the company. Security of funds
Uniglobemarkets.com is a domain that belongs to and managed by Uniglobe Markets Limited registered in the Marshall Islands.
The brokers that are registered in the Marshall Islands do not have to stick to rigid regulations. The trading conditions with such brokers are more loyal than in Europe or the United States.
Nonetheless, the broker claims that it complies with strict administrative discipline, keeps clients’ funds on segregated accounts, and observes the laws of the Marshall Islands (registration No 78101).
Clients of Uniglobe Markets choose from 5 account types that can satisfy traders with different experience levels. All accounts except ECN are not subject to commissions. Microlots are available for trading on micro accounts only. Scalping, hedging, and expert advisors are allowed on accounts of all types, while on Standard and ECN accounts free trading signals are provided. Remarkably, Uniglobe Markets offers ECN Classic and ECN Elite account types. On the Classic account type you can open an individual, joint or corporate profile.
Minimum initial deposit
Uniglobe Markets offers its clients to start trading with just $100. Managers of the company think that this sum is enough to try one’s hand at trading before investing larger sums. However, other brokers enable their clients start trading with smaller deposits of $10 or even $1.
Spreads and commissions
Uniglobe Markets provides floating spreads that vary depending on the account type. On the ECN account spreads are quite low, but a commission is also charged. On average, spreads on ECN accounts are over 1.5 pips.
As for the margin requirements, Uniglobe Markets is one of the brokers that offer the leverage of up to 1:500. However, this leverage is available on the Micro account only. On Mini accounts the leverage is up to 1:300, for the ECN and Standard accounts it is up to 1:200, and on the ECN Elite account the leverage is up to 1:100.
We recommend traders to be cautious when using high leverage coefficients as they can involve big risks.
Uniglobe Markets provides the most popular MetaTrader 4 platform for trading, including its desktop and mobile versions.
MT4 features a multi-language interface, tools of technical analysis, one-click trading, and the option to open several windows with different settings.
Uniglobe Markets provides free education that includes seminars and webinars. To use this offer, clients need to contact the company’s support service.
Uniglobe Markets holds the following promotional campaigns:
1. The Welcome Bonus of 60% (up to $6,000 can be credited), which is valid for two months.
2. Cash Rebate from $4 to $10 for 1 lot, depending on the trading volume. Clients should hold an active trading account for at least one month since the first deposit in order to get cash rebates.
3. Refer a friend. It is a campaign that offers a reward for every referred client. The size of reward depends on the initial deposit of a referred client.
Furthermore, the company holds various bonus campaigns on holidays, the New Year’s Eve for example.
The client support service works round-the-clock, answering traders’ questions by phone, Skype, email, and a feedback form. The website is translated into English, Spanish, Arabic, Portuguese, and Senegal languages.
Uniglobe Markets offers a lot of payment methods for clients: bank wire transfers, credit or debit bank cards and electronic payment systems such as Neteller, Skrill, WebMoney, Qiwi, Perfect Money, OKPay, and CashU.
All deposit and withdrawal operations are processed from 7 a.m. till 5 p.m. UTC 00. Uniglobe Markets does not charge commission for deposits and withdrawals.
Uniglobe Markets 1/10 (votes 2209)