UBK Markets
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC)
- Diverse trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
- Multiple trading platforms: ipro marketplace, web version, and mobile app
- Comprehensive educational resources including market analysis and trading signals
- Competitive trading conditions with low minimum deposit and tight spreads
Cons
- Limited trading instruments beyond Forex
- High withdrawal fee of $45
- Low leverage of 1:30 for major instruments
- Long processing time for bank transfers (3-5 days)
- Customer support may have long waiting times
Basic Information
User Reviews
UBK Markets Overview
UBK Markets is an international brokerage firm established in 2011, with its headquarters located in Cyprus. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC), having obtained its brokerage license (No. 186/12) in 2012. With over a decade of experience in the financial industry, UBK Markets has built a reputation for reliability and compliance with stringent regulatory standards, ensuring a trustworthy environment for traders looking to engage in the global financial markets.
Is UBK Markets Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Scheme |
Is UBK Markets Regulated and How Are Client Funds Protected?
UBK Markets is a regulated brokerage firm, holding a license from the Cyprus Securities and Exchange Commission (CySEC) since 2012. This regulation ensures that the broker adheres to strict compliance standards, promoting a safe trading environment for its clients. Client funds are protected through measures such as segregated accounts, which separate client money from the broker’s operational funds, and membership in the Investor Compensation Fund, which provides an additional layer of security for clients in case of insolvency. With over a decade of operational history and a commitment to regulatory compliance, UBK Markets demonstrates a reliable and trustworthy approach to trading in the global financial markets.
Trading Products and Services
What trading instruments does UBK Markets offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD | 18 |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
UBK Markets offers a diverse range of trading instruments, allowing traders to access multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety supports different types of traders, from beginners to professionals, by enabling them to implement various trading strategies. The inclusion of multiple asset categories also enhances portfolio diversification, providing traders with the flexibility to adapt their strategies according to market conditions. With a robust selection of trading products, UBK Markets meets the needs of traders looking to capitalize on opportunities across the global financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does UBK Markets Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Classic Account | Retail traders and beginners | Low minimum deposit, straightforward trading conditions | Minimum deposit of $25, suitable for newcomers |
| IPA Manager Account | Experienced traders and investment managers | Performance-based rewards, designed for managing multiple currency pairs | No minimum deposit specified, ideal for seasoned traders |
| IPA Investor Account | Traders looking to copy successful strategies | Access to trade signals from IPA Managers | Minimum deposit varies based on total volume of funds under management |
Account Opening Process
To open an account with UBK Markets, follow these steps: visit the official website and navigate to the registration page, select the desired account type (Classic, IPA Manager, or IPA Investor), and complete the registration form with your personal details. Next, submit necessary identity verification documents, including a government-issued ID and proof of address. Once your account is verified and funded, you can start trading. Additionally, there is flexibility to upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $9 per 100,000 units | Tight spreads for major pairs |
| CFDs (Stocks, Indices) | Varies | Varies | Dependent on market conditions |
| Cryptocurrencies (BTC/USD) | 1.0% | $16 per 100,000 units | Variable depending on volatility |
Other Fees
UBK Markets may charge additional fees, including deposit and withdrawal fees, which can vary based on the payment method used. Inactivity fees may apply after a period of account inactivity. Platform usage fees are not specified, but traders should be aware of potential overnight interest (swap rates) applicable to positions held overnight. Currency conversion fees may also be incurred depending on the transaction currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does UBK Markets Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| ipro marketplace | Windows, macOS | Secure login (2FA), order types, market analysis tools | Demo accounts, VPS |
| Web Version | All devices (via web browsers) | Symbol lookup, price alerts, trading tools | Demo accounts |
| Mobile App | iOS, Android | Push notifications, one-click trading, technical indicators | Demo accounts |
UBK Markets provides a variety of trading platforms to accommodate different trader preferences. The ipro marketplace is designed for desktop use, offering advanced analytical tools and secure login features for serious traders. The web version allows for seamless trading across all devices, ensuring accessibility and functionality. Meanwhile, the mobile app enables traders to manage their accounts on-the-go, complete with real-time alerts and intuitive navigation. Overall, UBK Markets prioritizes security and efficiency, enhancing the trading experience through swift order execution and comprehensive search functionalities.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $25, Max $50,000 | USD, EUR |
| Credit/Debit Card | Instant | No platform fee, 2.5% for international cards | Min $25, Max $10,000 | USD, EUR |
| e-Wallets (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% for deposits | Min $10, Max $5,000 | USD, EUR |
| Cryptocurrency | Instant | No platform fee | Min $50, Max $20,000 | BTC, ETH |
Minimum Deposit
The minimum deposit requirement for opening an account with UBK Markets is $25 for the Classic Account. This amount may vary based on the account type selected. Different payment methods may also impose their own minimum limits, but the Classic Account’s standard minimum deposit is maintained across most options.
How to Withdraw
- Log in to your UBK Markets account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred payment method for withdrawal.
- Enter the amount you wish to withdraw within the applicable limits.
- Submit your request and wait for confirmation.
Customer Support
UBK Markets Customer Support Overview
Support Channels
UBK Markets offers multiple support channels to assist traders effectively. Clients can reach out via email at support@ubkmarkets.com, or by telephone at +357 25 353630. Additionally, UBK Markets maintains a presence on Facebook, allowing for easy access to updates and direct communication with the support team.
Service Availability
The customer support services are available during business hours, ensuring that traders can receive assistance when needed. Multilingual support is also offered, accommodating a diverse client base. Specific languages supported include English and potentially others, providing a comprehensive service experience.
Additional Resources
UBK Markets enhances client support with educational resources such as video tutorials, market analysis, and trading signals. These tools empower traders by providing insights and strategies, fostering a more informed trading environment.
Frequently Asked Questions
Yes, UBK Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC), having obtained its brokerage license in 2012. Client funds are protected through measures such as segregated accounts, which separate client money from the broker’s operational funds, and membership in the Investor Compensation Fund, providing security in case of insolvency.
UBK Markets offers three types of trading accounts: the Classic Account, designed for retail traders and beginners with a low minimum deposit of $25; the IPA Manager Account, aimed at experienced traders and investment managers; and the IPA Investor Account, which allows traders to copy successful strategies with variable minimum deposits based on the total volume of funds under management.
UBK Markets provides several trading platforms, including the ipro marketplace for desktop users, a web version accessible on all devices, and a mobile app for iOS and Android. Each platform offers various features such as secure login, market analysis tools, and the ability to manage accounts on-the-go.
UBK Markets supports various payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, e-wallets (like Skrill and Neteller), and cryptocurrencies. Each method has different processing times and limits, ensuring convenience and reliability for clients.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.