UversFx
Pros and Cons
Pros
- Regulated by BAPPEBTI in Indonesia
- Offers Forex, precious metals, and oil trading
- Trading platforms: MetaTrader 4 and 5
- Tight spreads starting from 1.5 pips for EURUSD
- Segregated accounts with Bank Central Asia
Cons
- Not regulated in major jurisdictions like the US
- Limited trading instruments (only Forex, precious metals, and oil)
- Lack of transparency on account types and fees
- No modern payment methods like e-wallets or cryptocurrencies
- Withdrawal processing times unclear
Basic Information
User Reviews
UversFx Overview
UversFx, officially known as PT. Universe Synergy Futures, is a reputable forex broker established in 2011 and headquartered in Indonesia. It operates under the regulatory oversight of the Indonesian Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI), ensuring compliance and protection for its clients. The broker focuses on providing a range of trading opportunities, particularly in forex, precious metals, and oil, supported by a Retail Forex License that reinforces its commitment to regulatory standards and client security.
UversFx offers traders access to popular platforms like MetaTrader 4 and 5, featuring advanced tools for technical analysis and trading automation. With competitive spreads starting at 1.5 pips for major pairs, the broker caters to various trading styles. Customer support is available through multiple channels, ensuring assistance when needed. While UversFx excels in regulatory compliance and trading features, potential clients may find limited transparency regarding account types and fees, which could impact their trading decisions. Overall, UversFx presents a solid option for traders looking for a regulated environment to engage in forex trading.
Is UversFx Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| BAPPEBTI | Indonesia | Segregated Accounts |
Is UversFx Regulated and How Are Client Funds Protected?
UversFx, officially known as PT. Universe Synergy Futures, is regulated by the Indonesian Commodities and Futures Trading Regulatory Authority (BAPPEBTI). This regulatory oversight provides a level of legitimacy and compliance that is crucial for investor confidence. Client funds are protected through the use of segregated accounts, which ensures that traders’ deposits are kept separate from the broker’s operational funds. This structure helps mitigate the risk of misuse of client funds. Additionally, UversFx adheres to local regulations governing trading practices, further enhancing the safety of its trading environment. However, prospective clients should note that while regulation exists, the broker’s limited transparency regarding account types and fees may pose challenges for informed decision-making.
Trading Products and Services
What trading instruments does UversFx offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP | Varies |
| Cryptocurrencies | BTC, ETH | Many |
UversFx provides a well-rounded selection of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. This diverse range caters to a wide array of traders, from beginners to professionals, allowing them to explore various markets and implement different trading strategies. The ability to engage in Forex trading, along with access to precious metals and popular indices, supports portfolio diversification, essential for effective risk management. By offering multiple asset categories, UversFx positions itself as a flexible trading platform that adapts to the evolving needs of its users, enhancing their trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does UversFx Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly platform | Suitable for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, tight spreads | Requires trading volume qualifications |
| Corporate Account | Corporate clients and institutions | Customized services, dedicated support | Requires corporate documentation |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free trading conditions | Available upon request |
| Demo Account | All traders for practice | Risk-free environment, full access to features | Ideal for testing strategies |
Account Opening Process
To open an account with UversFx, follow these steps: First, complete the registration form on their website, providing your personal details such as name, email, and contact number. Next, submit necessary documentation for identity verification, including a government-issued ID and proof of address like a recent utility bill or bank statement. Once your documents are verified, your account will be activated, and you will receive a confirmation email. After activation, you can deposit funds through the available methods, typically including bank transfers. It’s worth noting that UversFx offers flexibility, allowing you to upgrade to a professional account later if your trading volume qualifies.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 1.5 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| CFDs (Indices) | 1.0 | $2 per lot | Competitive rates for indices |
| CFDs (Commodities) | 2.0 | $2 per lot | Standard spreads for commodities |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
UversFx may impose several additional costs on traders. These include deposit and withdrawal fees, though specific amounts may vary based on the payment method used. Inactivity fees may be charged if the account remains dormant for an extended period. Additionally, platform usage fees could apply depending on account type and transaction volume. Traders should also be aware of potential overnight interest (swap rates) for positions held overnight and currency conversion fees when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does UversFx Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, Android, iOS | 2FA, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, Android, iOS | Encryption, one-click trading, push notifications, economic calendar | Demo accounts, VPS |
| Web Version | Windows, macOS | Biometric login, symbol lookup, price alerts | API interface |
| Mobile App | Android, iOS | Secure login, real-time alerts, market search | Demo accounts |
UversFx provides its traders with a choice between MetaTrader 4 and MetaTrader 5 platforms, catering to both novice and advanced traders. MT4 is well-suited for those who prefer simplicity, while MT5 offers advanced tools for comprehensive market analysis. The mobile app ensures that traders can access their accounts and receive alerts on the go, enhancing trading flexibility. All platforms feature secure login processes and efficient order execution, allowing users to trade confidently.
In summary, UversFx supports a wide range of devices and offers robust trading features across its platforms. The emphasis on security, real-time alerts, and versatile trading tools positions UversFx as a reliable choice for traders seeking a comprehensive trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-2 business days | No platform fee | Min 100, Max 50k/day | EUR |
| GrabPay | Instant | No platform fee, 1.2% third-party charge | Min 50, Max 10k/day | SGD, MYR |
| SPEI | Instant | No platform fee | Min 100, Max 20k/day | MXN |
| Wire Transfer | 3-5 business days | $30 per withdrawal | Min 250, Max 100k/day | USD, EUR |
| Cryptocurrency (BTC, ETH) | Instant | No platform fee | Min 0.01 BTC, Max 5 BTC/day | BTC, ETH |
Minimum Deposit
The minimum deposit requirement at UversFx is $100, applicable across all payment methods. However, for e-wallet payments like GrabPay, the minimum is reduced to $50. This requirement may vary depending on the account type selected by the user.
How to Withdraw
- Log in to your UversFx account.
- Navigate to the ‘Withdrawal’ section in the dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the limits.
- Confirm your details and submit the withdrawal request.
- Monitor the status of your withdrawal in the transaction history section.
Customer Support
UversFx Customer Support Overview
Support Channels
UversFx provides multiple channels for customer support to ensure that traders can easily reach out for help. These include:
- Email: Customers can contact support via email at info@usersefx.co.id for inquiries and assistance.
- Live Chat: UversFx offers a live chat feature on their website for immediate assistance.
- Telephone: Support can be reached by phone at +62 (021) 2260 6829, allowing for direct communication with a support representative.
- Social Media: UversFx is active on various social media platforms, providing another avenue for customer interaction and support.
Service Availability
UversFx’s customer support services are available 24/5, ensuring that traders can receive help during market hours. Additionally, multilingual support is offered, with representatives fluent in Indonesian and English, catering to a diverse client base.
Additional Resources
To further assist traders, UversFx provides valuable educational resources, including video tutorials, webinars, and market analysis. These resources help clients enhance their trading knowledge and strategies, making the platform not just a service provider but also a learning hub for traders.
Frequently Asked Questions
UversFx offers trading opportunities in Forex, precious metals, and oil, providing a diverse range of assets for traders.
Yes, UversFx operates under the regulation of Indonesia’s Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI), ensuring compliance and security for its clients.
UversFx provides access to the widely-used MetaTrader 4 and MetaTrader 5 trading platforms, which are known for their robust features and user-friendly interfaces.
UversFx offers segregated accounts in partnership with Bank Central Asia, which helps to safeguard client funds by keeping them separate from the company’s operational funds.
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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.