Operating from Cyprus, uBanker is an online financial services provider that gives you the power to trade from the comfort of your home. The broker offers access to trade several instruments — CFDs, commodities, vanilla options, forex, indices, and shares — using an advanced investment platform. There are free learning resources and a 24/6 customer support team to assist traders.
uBanker Review, Pros & Cons
- Intuitive trading platform
- Educational resources
- Useful trading tools
- Various financial instruments
- 24/5 customer support
- Limited regulations
- Limited trading account options
- No MetaTrader platforms
- No USA traders
In this detailed uBanker 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.
uBanker is a retail trading broker that provides traders with all the resources required to trade various financial markets online. These include multiple trading platforms, useful trading tools, educational resources, and customer support. The broker offers several account funding options to choose from.
uBanker is owned by Green Pole Ltd, Law Partners House, Port Vila Vanuatu, authorized by the Vanuatu Financial Services Commission with license number: 14627.
The broker offers their services to clients from different parts of the globe where the use of such services is permitted by the local laws and regulations.
Some uBanker features and products mentioned within this uBanker review may not be available to traders from certain countries because of legal restrictions.
uBanker provides traders with the PROfit trading platform, a modern trading platform that is designed to suit traders of all levels of experience. The platform features an easy-to-use interface to make your trading experience enjoyable. The web version of the PROfit trading platform allows you to log-in online and trade without having to download and install an application first. The platform is also available as a trading app that is designed for mobile devices running on Android and iOS.
uBanker Trading Tools
The broker provides traders with a selection of useful trading tools. They include Technical & Fundamental Analysis, Personal Trainers, Live Rates, and AutoChartist that automatically recognizes trade set-ups based on support and resistance levels and then sends signals when a trading opportunity is identified.
The broker’s website is loaded with a plethora of educational materials. They help to improve clients’ trading knowledge and skills whilst keeping them in the know on some of the factors that can impact the financial markets. These learning resources include market news, trading trends, announcements, self-study courses, free 1-on-1 coaching, and more.
The broker offers the following trading instruments: CFDs, commodities, vanilla options, forex, indices, and shares.
uBanker Accounts & Fees
Traders are allowed to open a live trading account to begin trading. The minimum deposit to open a uBanker account is $200.
As broker fees can vary and change, there may be additional fees that are not listed in this uBanker review. It is imperative to ensure that you check and understand all of the latest information before you open a uBanker broker account for online trading.
The broker’s customer support team is available during working hours — Mondays to Fridays: 08:00 – 20:00 hrs GMT + 2 — to respond to all clients’ trading inquiries. They can be reached via telephone, email, chat, and an online contact form.
uBanker Deposit & Withdrawal
uBanker provides traders with a selection of popular payment methods, including credit/debit cards, wire transfers, and electronic payment processors such as Skrill.
uBanker Account Opening
Account opening at uBanker involves a straightforward process: simply click on the “Open Account” button at the top right corner of the broker’s website and carefully fill the registration form.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Overall, uBanker is a retail broker that offers banking-level access to the global financial markets. Traders benefit from a range of helpful trading resources and features, such as advanced trading platforms, learning and trading tools, customer support, multiple payment methods, and more.
Currencies, Commodities, and CFDs traded on margin carries a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with leveraged financial trading before deciding to trade because you can lose some or all invested capital. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.