Uniglobe Markets Review 2020
Uniglobe Markets is an offshore broker that provides a global client base with flexible accounts and competitive trading conditions on the popular MetaTrader 4 (MT4) platform. The broker has support for copy trading and PAMM accounts whilst they also have a variety of different payment options. Despite these positives, they are significantly let down by a lack of regulation which is a big red flag for many experts when choosing an online brokerage.
Uniglobe Markets Review 2020, Pros & Cons
- Flexible account types for different trader needs
- Copy trading
- PAMM accounts
- Variety of account funding methods
- Market analysis
- Minimum account deposit of $10
- Unregulated broker located offshore
- Limited trading instruments
- No US traders
- Lack of additional trading tools
In this detailed Uniglobe Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Uniglobe Markets is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Uniglobe Markets.
Uniglobe Markets Review: Summary
Uniglobe Markets is an offshore trading broker registered in the Marshall Islands. The broker offers ECN trading online with good execution speeds, minimal requotes and raw spreads from just 0 pips. Clients can trade via the MT4 trading platform with over 100+ instruments including 20 forex currency pairs, spot metals and futures to choose from.
Uniglobe Markets was founded by a group of traders and financial professionals who have years of experience in the Forex, CFD and Equity markets across Asia, Europe and North America. This has enabled the broker to select the best solutions to accomplish their main goal which is to make transparent, secure and simple forex trading available to clients from all backgrounds, whatever their experience level or investment size may be.
All clients have access to an innovative forex trading environment that offers sophisticated straight through processing (STP) liquidity, execution and trading functionality. The non-dealing desk (NDD) model allows client orders to be executed automatically and instantaneously through the brokers network of tier 1 liquidity providers, whilst there should be no conflict of interest between broker and trader.
Uniglobe Markets also offers its own personal account management technology allowing clients to copy the strategies of other traders with a distribution of profit and loss between the strategy provider and the followers. There is no guarantee of the results when you copy signals from other traders and you should be fully aware of all the significant risks involved with trading online.
Uniglobe Markets Review: Regulation
Uniglobe Markets is authorised to provide financial services under the Regularity Laws of Marshall Islands. However, they are considered an offshore brokerage firm who are unregulated and thus investors should be aware of the dangers that trading with an unregulated brokerage can incur. The majority of experts and professionals would only ever trade with a regulated broker that can give traders some protection in the instance something was to go wrong. You may see a list of alternative regulated brokers by viewing our best online brokers.
Uniglobe Markets do state that they hold clients’ funds in segregated accounts with top rated banks and thus, these funds should not be used for any purpose other than to maintain margin needed to cover positions opened by clients.
Uniglobe Markets Review: Countries
Uniglobe Markets does not provide Services to citizen of certain regions including the United States of America. You can check if your region is included in the services provided before trading online with this brokerage.
Some Uniglobe Markets broker features and products mentioned within this Uniglobe Markets review may not be available to traders from specific countries due to legal restrictions.
Uniglobe Markets Review: Trading Platforms
MetaTrader 4 (MT4)
Uniglobe Markets supply clients with the user-friendly and fully customisable MetaTrader 4 (MT4) platform. MT4 was develop by Russian software company MetaQuotes and is widely regarded as one of the most popular forex trading platforms that is used by millions of traders all over the globe.
MT4 has an intuitive interface and abundance of built-in tools for conducting thorough chart analysis. It also supports fully automated trading through the use of expert advisors (EAs). Another benefit of MT4 is the vast range of tutorials available online to help familiarise yourself with the platform.
MT4 is available for desktop, web and mobile (iOS & Android). The web trader can run in most modern web browsers without needing to download or install any additional software whereas the MT4 mobile app is useful for those who need to access their account and trade whilst on the go from anywhere in the world with an internet connection
Some of the key MT4 platform features include:
- Fully customisable user-friendly interface
- Multiple timeframes from 1 minute to 1 year
- Multiple chart types including bar, line & candlesticks
- Supports multiple order types & one-click trading
- Built-in tools for in-depth technical analysis of charts
- Real time bid/ask price quotes of trading instruments via market watch window
- Automated trading with expert advisors (EAs)
- Strategy tester to back test EAs over historical data
- Multilingual user interface
- MQL community to share signals, ideas & tools
- MQL editor to create custom indicators, scripts & EAs in the MQL language
- Price alert notifications via email, SMS & pop-ups
Uniglobe Markets Review: Trading Tools
The broker does not offer any stand-alone tools such as trading calculators or sentiment analysis. However, most retail traders will find that the MT4 platform has enough built-in and compatible tools available online for their day trading needs.
Uniglobe Markets Review: Education
On the Uniglobe Markets website you will find a few pages covering some of the basics of online trading. This includes an introduction to learning the forex markets, how to trade online and what is technical/fundamental analysis. They are short and to the point.
Clients can get frequently updated analysis of selected trading instruments. This includes technical and fundamental analysis which can be used to help inspire trade ideas.
Free Forex Training
The broker offers free forex training solutions which are carefully designed to guide you through the learning phase in an engaging manner. They have a multilingual team of experienced professionals with years of training experience. Whether you are a beginner and want to explore the forex market for the first time or an experienced trader looking for more complex training, they can personalize the training according to your individual needs.
On the Uniglobe Markets website there is an Economic Calendar which can be used as part of the fundamental analysis of a trading strategy. You can see the time and date of the latest news releases along with the forecasted and actual impact that they have. This can be used to help inspire potential trade opportunities or to help avoid the possible volatility around major news releases.
Uniglobe Markets Review: Trading Instruments
Uniglobe Markets offers 100+ instruments across multiple asset classes for trading online. This includes:
- Forex: Over 40+ FX currency pairs including majors, minors & exotics
- Spot Metal: Gold, Silver, etc
- Indices: Major Indices are S&P 500, Dow Jones in USA, FTSE100 in UK, European indices such as DAX30 and Asian Indices such as NIkkei225, Shanghai Composite
- Stocks & Shares: With Uniglobe you can buy and sell shares of some of the most influential companies listed on NYSE, NASDAQ, LSE and other European Stock exchanges. Including Amazon, Google, McDonalds, Ebay, Alibaba, Facebook
- Commodities: energy (oil, natural gas etc), Soft Commodities (Wheat, Coffee, Sugar etc)
Uniglobe Markets Review: Trading Accounts & Fees
The Uniglobe Markets business model allows clients to choose from a variety of trading accounts (STP, Micro, ECN and free unlimited demo accounts) that are catered towards different traders needs. They offer flexible leverage of up to 1:500 with spreads starting from zero pips. The minimum deposit required is $10. ECN/VIP account commission starts from $2 and goes up to $10. Other accounts have no commission charge but instead have spread mark-ups. The account you choose will most likely depend on your investment size and trading strategy. Scalpers for instance may require a smaller spread and thus might prefer the ECN account with raw spreads.
There are no trading restrictions with this broker. The Uniglobe Markets trading environment has been created with all types of trader in mind as no forex trading strategies are restricted. They enable clients to maximize trading possibilities by allowing hedging, scalping and the use of automated trading via expert advisors (EAs).
Swap free Muslim friendly accounts that comply with Sharia law are available upon request. These Swap Free/Roll Over fee free accounts are termed as ‘Islamic Accounts’.
Demo accounts that allow you to trade with virtual currency risk free are also available. Demo trading is often seen as a good way to practice your trading strategies in preparation for trading on a real account.
Uniglobe Markets have percent allocation management module (PAMM) accounts for fund managers and investors. This PAMM solution is a tool that helps fund managers in showcasing their performance and to attract potential investors to allocate their funds to different fund managers. It should be strongly emphasised that past PAMM performance is by no means any indication of how they will perform in the future. You should have a clear understanding of all the significant risks involved with trading online.
Uniglobe Markets Review: Customer Service
Uniglobe Markets strives to offer their traders the best possible customer service and support. They have a multilingual support team of professionals with a significant amount of experience within the forex industry, thus they have a clear understanding of what traders want and need. You can trade with confidence knowing that the Uniglobe Markets team will always be there to help you with any general, technical or account related question. They can be reached via live chat, telephone and email.
Uniglobe Markets Review: Deposit & Withdrawal
Uniglobe Markets have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Uniglobe Markets does not apply any deposit or withdrawal fee, although charges may occur depending on your payment provider. It would be wise to check the respective payment provider for latest charges and fee.
All deposit and withdrawals are processed on same business day between 7:00 am and 5:00 pm GMT. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Uniglobe Markets strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your Uniglobe Markets trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this Uniglobe Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Uniglobe Markets broker account for online trading.
Uniglobe Markets Review: Account Opening
You can open a live trading account with Uniglobe Markets in a few simple steps. There is a short online form to complete after which you will need to verify your identity with documents such as a passport scan and utility bill. This is a normal part of the KYC procedures. Once your account has been verified by a member of the accounts team, you can make deposit and start trading online when you feel ready to do so. It is imperative that you read and understand all of the brokers policies, terms and conditions before opening an account.
Uniglobe Markets Review: Conclusion
Overall, Uniglobe Markets has a solid all-round offering for simple trading on a selection of instruments across multiple asset classes. They have a good selection of different account types to cater to different trading strategies, all of which they support. There are a variety of payment options and some educational materials. In addition to this, the broker also has some educational materials and produces frequently updated market analysis articles. However, despite all the positives, the lack of regulation is a big red flag for the trading brokers review team and for many professional traders. You can see alternative regulated brokers on our list of the best forex brokers.
Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions. Please read Uniglobe Markets full ‘Risk Disclosure Statement’.