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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

UBFX

United Kingdom|5-10 years|
MT4 Full License|Regional Brokers|Suspicious Overrun|High potential risk|

http://www.ubankfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
FinanceManagers-Demo MT4
Server Location Japan

Contact

(+44) 203 8089388
customer@ubfx.co.uk
http://www.ubankfx.com/
FINANCE MANAGERS CO. LIMITED Govant Building 1st Floor PO Box 1276, Port Vila Vanuatu
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

(+44) 203 8089388

German

(+ 44)203 8089388

Other ways of contact

Broker Information

More

Company Name

UBFX

Abbreviation

UBFX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 7
Previous Detection : 2024-09-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 14 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The New ZealandFSPR regulation (license number: 529026) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 795937) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 14745) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Vanuatu VFSC regulation with license number: 14745 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

UBFX · WikiFX Survey
Danger A Visit to UBFX in UK -- Finding No Office
United Kingdom

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UBFX · Company Summary

General Information & Regulation

UBFX is a project executed by Finance Managers Co. Limited, in partnership with global financial institutions, banks, prime brokers, and other market makers as liquidity providers. UBFX currently holds a retail forex license from the Vanuatu Financial Services Commission (License number: 14745).

Market Instruments

Investors can access the foreign exchange market, gold, silver, crude oil market, and the index CFD market through UBFX.

UBFX Minimum Deposit

UBFX International offers traders four different types of trading accounts: Standard (no minimum deposit), Islamic (no minimum deposit and no SWAP), Raw Spread (over $20,000 deposit), and Corporate (over $5,000 deposit).

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UBFX Leverage

When it comes to trading leverage, the maximum trading leverage offered by UBFX is 1:100. Professional traders may hold that leverage level seems a little conservative. However, inexperienced traders are not advised to use too high leverage, as margin trading is pretty risky.

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Spreads & Commissions

The spread for EURUSD is 1.6 pips for standard accounts and 1.6 pips for Islamic accounts. The raw spread account has a spread of 0 pips on EURUSD and a commission of 5 USD per lot. For corporate accounts, the EURUSD spread is 0.5 pips.

Trading Platforms

UBFX AU offers traders UBFX mobile software (Apple & Mobile), MT4 trading software, and MAM multi-account management. The UBFX mobile application is an in-house developed tool for retail market trading activities, split between market and pending orders, stop-loss and take-profit, and powerful real-time charts. The MetaTrader 4 trading software is designed for Forex, Futures MetaTrader 4 trading software is designed for trading Forex, Futures, and CFDs. With MT4, traders can analyze financial markets, perform advanced trading operations or run trading robots (Expert Advisors). The platform supports three trade execution modes, including instant execution, 2 markets, 4 pending orders, and 2 stop orders, as well as trailing stop functionality. Multi-account management software provides a convenient trading page for professional traders and asset managers. Manage multiple trading accounts simultaneously. The trading platform based on cutting-edge technology in multiple areas is both flexible and convenient.

Deposit & Withdrawal

UBFX supports traders to withdraw and deposit funds from their investment accounts via wire transfer (a service fee of $10) and Coin-Gate (a service fee of $15). The minimum withdrawal requirement for all withdrawal methods is $50.

Customer Support

UBFX provides some customer support contact channel, including Facebook, hotline, as well as live chat. Additionlly, there is also a “FQA” section for traders to get some basic answers.

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United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
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