UAGTRADE is Straight-Through-Processing (STP) broker that serves both retail traders and fund managers. The broker provides competitive trading conditions and supports the use of expert advisors.
UAGTRADE Review, Pros & Cons
- Sophisticated trading platforms
- A selection of trading tools & learning resources
- Several financial instruments
- Multiple trading account options
- Unregulated broker
- Limited account funding options
- Not the lowest commissions
- No live chat support
- No MetaTrader 5 or cTrader platforms
- No USA clients
In this detailed UAGTRADE review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Operating from Dubai, United Arab Emirates, UAGTRADE is an online trading broker that offers a way to trade different financial assets, including forex, precious metals, energies, indices, and CFDs. They provide traders with the intuitive MetaTrader 4 (MT4) trading platform, which combines simplicity with professionalism. Traders are also provided with a selection of educational resources, whilst there are multiple account options with a minimum required deposit of $100, leverage of up to 1:200, and spreads from 0.3.
UAG Network Ltd is incorporated in the United Arab Emirates as a Financial Company with the registration number AFZ/OS/1454. The objects of the Company are all subject matters not forbidden by the International Business Companies (Amendment and Consolidation) Act.
There is no regulatory information on the broker’s website presently. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker’s services are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to applicable law or regulation.
Some UAGTRADE features and products mentioned within this UAGTRADE review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with the sophisticated MetaTrader 4 trading platform, which was developed in 2005 by the Russian software company, MetaQuotes. The platform has a user-friendly interface with interbank liquidity and fast execution. MT4 allows traders to efficiently analyze price dynamics, make trade transactions, and automate their trading strategies using expert advisors. The broker presents the MT4 trading platform as a desktop application for Windows and Mac computers, a web-based platform, and a mobile trading app for smartphone devices running on Android and iOS.
There is also the UAGTRADE trading platform, which is the broker’s in-house-developed platform that has all the necessary functionality wrapped in a powerful application for mobile devices.
UAGTRADE Trading Tools
Traders also benefit from a range of useful trading tools, such as technical and fundamental analysis, copy trade, and more.
The broker provides traders with a selection of educational materials to help try and ensure they make knowledgeable trading decisions. These include fundamental reports and an FAQ section that offers instant answers to clients’ most common questions.
The broker offers the following trading instruments: forex, precious metals, energies, indices, and CFDs.
UAGTRADE Accounts & Fees
UAGTRADE offers a variety of different trading account options to meet the individual trading needs of clients, and they include Pro, Supreme, and ECN Accounts. The accounts are all denominated in USD, and the minimum opening balance is $100.
As broker fees can vary and change, there may be additional fees that are not listed in this UAGTRADE review. It is imperative to ensure that you check and understand all of the latest information before you open a UAGTRADE broker account for online trading.
The broker’s client support team is on hand to give knowledgeable responses to clients’ trading inquiries, and they can be reached via email and selected social media handles.
UAGTRADE Deposit & Withdrawal
The following payment methods are accepted for both deposits and withdrawals at UAGTRADE:
- Direct bank transfer
- Bitcoin Wallet
UAGTRADE does not charge fees for deposits and withdrawals. Third-party payments are not accepted too.
UAGTRADE Account Opening
To open an account, click on the ‘Sign Up’ button and fill the account application form, providing all the required information.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
UAGTRADE is an online trading broker that was founded in 2015 to provide traders with an enabling environment to trade different financial markets. Traders are also provided with a few trading and learning tools, whilst there is a professional customer support team to assist at every point. There are multiple trading account options to choose from. However, the broker is unregulated which may pose concern for some traders.
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.