Uniglobe Markets Review

Category: Reviews | Author: Trading Brokers | Date: September 22, 2023

Uniglobe Markets is an online broker that offers forex and CFD trading on various platforms and tools. It was founded in 2014 and is regulated by the Financial Services Commission (FSC) of Mauritius. It claims to provide competitive spreads, fast execution, and excellent customer support for traders of all levels and backgrounds. However, as with any broker, there are also some potential drawbacks and risks that traders should be aware of before opening an account with Uniglobe Markets. In this article, we will review Uniglobe Markets and evaluate its regulation, platforms, tools, education, markets, accounts, and funding options. We will also provide our opinion on whether Uniglobe Markets is a trustworthy and reliable broker to trade with.

Pros & Cons

  • Uniglobe Markets offers traders the ability to work with currency pairs, cryptocurrencies, metals, and other assets
  • Uniglobe Markets offers adjustable leverage up to 1:500
  • Uniglobe Markets offers multiple trading platforms, including MT4 and MT5
  • No deposit and withdrawal fees
  • Uniglobe Markets is not regulated by any reputable financial authority. This lack of regulation means that in case of any issue, there is no supervisory body to lodge a complaint with
  • Uniglobe Markets has been accused of fraud
  • Uniglobe Markets' website lacks information on instruments and assets

Summary

Uniglobe Markets Review

Uniglobe Markets Review

Established in 2014, Uniglobe Markets is a global broker that offers forex and CFD trading on various platforms and tools. The broker’s mission is to provide competitive spreads, fast execution, and excellent customer support for traders of all levels and backgrounds. Uniglobe Markets also claims to ensure the safety and security of funds through segregated accounts and SSL encryption. With a minimum deposit of $100, traders can access more than 100 trading instruments, including forex, shares, commodities, indices, metals, and cryptocurrencies.

Uniglobe Markets supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are available on desktop, web, and mobile devices. The broker also offers advanced features such as expert advisors, one-click trading, economic calendar, market news, and technical analysis. Additionally, the broker provides copy trading services for traders who want to follow the strategies of successful managers. Our review highlights Uniglobe Markets’ strengths and advantages as a reputable and reliable broker for online trading, but as always, understanding the potential drawbacks and risks is essential.

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

there are many reasons to be wary of this broker and its legitimacy. Uniglobe Markets is not regulated by any reputable financial authority, and it is only legally registered in the Marshall Islands, which is a notorious offshore jurisdiction for shady and unlicensed brokers. Uniglobe Markets has also been accused of deception by some of its clients when you read other review online, some of whom have reported that the broker refused to process their withdrawal requests, manipulated their trades, and closed their accounts without any explanation. Since Uniglobe Markets is not regulated, there is no supervisory body to lodge a complaint with or seek compensation from in case of any issue. Therefore, we advise you to avoid Uniglobe Markets at all costs and look for a more trustworthy and regulated broker that can offer you more security and transparency. Please see a list of regulated forex brokers for some alternative options.

Platforms & Tools

Uniglobe Markets provides clients with access to the world’s financial markets through the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, developed by the renowned MetaQuotes Software Corp. These platforms are widely used and trusted by traders of all levels and styles, as they offer a user-friendly interface, advanced charting features, technical analysis tools, and automated trading capabilities.

MT4 & MT5 Platforms

MT4 & MT5 Platforms

The MT4 platform is suitable for trading in forex, shares, commodities, indices, metals, and cryptocurrencies. It allows traders to customize their trading environment with various indicators, scripts, and expert advisors (EAs) for automated trading strategies. The MT4 platform can be downloaded on the desktop, web browser, or mobile devices, and it supports Uniglobe Markets’ Micro, Premium ECN, Classic ECN, and Elite accounts. The MT5 platform is an upgraded version of MT4 that offers more features and functionalities.

It enables trading in forex, shares, commodities, indices, metals, futures, and cryptocurrencies. It also offers more order types, timeframes, indicators, and graphical objects. Moreover, the MT5 platform has a built-in economic calendar, market-depth insights, and a strategy tester. The MT5 platform can also be accessed on desktop, web browser, or mobile devices, and it exclusively supports Uniglobe Markets’ VIP account.

In addition to these platforms, Uniglobe Markets enhances the trading experience with a range of valuable tools and resources, such as:

  • Copy Trading: By using the MT4 and MT5 platforms, traders can access the copy trading services offered by Uniglobe Markets. This allows traders to follow the strategies of successful account managers and copy their trades automatically.
  • Market News: To help traders stay updated on the latest market developments and trends, Uniglobe Markets provides market news and analysis from reputable sources such as FXStreet and Trading Central. This information can help traders make informed decisions and plan their trades accordingly.
  • Economic Calendar: A comprehensive economic calendar displayed on the Uniglobe Markets website shows the upcoming economic events and indicators that may affect the trading markets. The calendar can be filtered by date, country, currency, impact, and category to help traders focus on the relevant data.
  • Trading Calculators: Uniglobe Markets offers a variety of calculators on its website to help traders calculate their trading costs and potential profits. These include margin calculators, pip value estimators, swap calculators, profit calculators, and currency converters. These tools can help traders optimize their trading strategies and manage their risks.

Education

Uniglobe Markets is dedicated to providing traders with the necessary knowledge and skills to succeed in the forex and CFD markets. The broker offers a comprehensive education section on its website, which covers a variety of topics related to trading, such as:

  • Basics of Forex Trading: This section introduces the fundamentals of forex trading, such as currency pairs, bid-ask prices, spreads, pips, lots, leverage, margin, and rollover. It also explains the advantages and risks of forex trading, as well as the factors that influence the forex market movements.
  • Technical Analysis: This section teaches traders how to use various technical analysis tools and techniques to identify trading opportunities and trends. It covers topics such as chart types, indicators, oscillators, patterns, support and resistance levels, trend lines, Fibonacci retracement, and more.
  • Fundamental Analysis: This section helps traders understand how economic, political, and social events affect the supply and demand of currencies. It covers topics such as economic indicators, interest rates, inflation, GDP, trade balance, and more.
  • Trading Psychology: This section focuses on the mental and emotional aspects of trading, such as discipline, patience, confidence, risk management, and stress management. It also provides tips and strategies to overcome common psychological pitfalls and biases that may affect trading performance.
  • Glossary of Trading Terms: This section provides a list of common forex and CFD trading terms and their definitions, such as arbitrage, breakout, divergence, hedging, scalping, slippage, and more.
  • How-to Documents: This section provides practical guides and tutorials on how to use the MT4 and MT5 platforms offered by Uniglobe Markets. It covers topics such as installation, order placement, indicator and EA utilization, chart interpretation, and customization.

Uniglobe Markets’ education segment also offers additional learning opportunities through webinars, seminars, and workshops conducted by experts and professionals. Some of the topics covered are:

  • Introduction to Forex Trading
  • Advanced Technical Analysis
  • Advanced Fundamental Analysis
  • Trading Strategies for Beginners

Uniglobe Markets’ education segment and supplementary learning opportunities enable traders to not only learn the basics of forex and CFD trading but also to enhance their knowledge and skills with advanced tools and techniques. By accessing these educational resources, traders can improve their trading confidence and competence in the dynamic and competitive markets.

Markets

Uniglobe Markets is a global broker that provides traders with a wide range of financial instruments to trade on various platforms and tools. Uniglobe Markets offers more than 100 trading instruments, including forex, spot metals, commodities, indices, cryptocurrencies and shares. Forex is the largest and most liquid market in the world, where traders can buy and sell currencies of different countries. Spot metals are contracts for the immediate delivery of gold, silver, platinum, and other precious metals. Commodities are physical goods that are traded on futures and spot markets, such as cocoa, coffee, cotton, sugar, and wheat. Indices are baskets of stocks that represent the performance of a specific market or sector, such as the NASDAQ 100, the S&P 500, the DAX 30, and the Nikkei 225. Cryptocurrencies are digital assets that use cryptography to secure transactions and control the creation of new units, such as Bitcoin, Ethereum, Litecoin, and Ripple. Shares are units of ownership in a company that are traded on stock exchanges, such as Apple, Amazon, Facebook, and Tesla.

Accounts

Uniglobe Markets offers a variety of account types to suit different trading needs and styles, giving traders the option to choose from the following accounts: Micro, Uniglobe Premium, ECN Classic, ECN Elite, and Uniglobe VIP. Each account type has its own features and conditions, allowing traders to customize their trading experience. Here is a brief overview of each account type:

  • Micro Account: This account type is ideal for beginners and traders who want to test their strategies with minimal risk. It requires a minimum deposit of $100 and offers a maximum leverage of up to 1:500. The spreads start from 1.5 pips and no commission is charged. The micro account supports trading in forex, metals, energies, and indices.
  • Uniglobe Premium Account: This account type is designed for experienced and professional traders who want to enjoy competitive trading conditions. It requires a minimum deposit of $1,000 and offers a maximum leverage of up to 1:300. The spreads start from 1.3 pips and no commission is charged. The account supports trading in forex, metals, energies, indices, stocks, and cryptocurrencies.
  • ECN Classic Account: This account type is suitable for traders who want to access the interbank market with low latency and fast execution. It requires a minimum deposit of $1,000 and offers a maximum leverage of up to 1:200. The spreads start from 0 pips and a commission of $10/lot is charged. The account supports trading in forex, metals, energies, indices, stocks, and cryptocurrencies.
  • ECN Elite Account: This account type is aimed at traders who want to trade with high volumes and tight spreads. It requires a minimum deposit of $10,000 and offers a maximum leverage of up to 1:100. The spreads start from 0 pips and a commission of $7/lot is charged. The account supports trading in forex, metals, energies, indices, stocks, and cryptocurrencies.
  • Uniglobe VIP Account: This account type is reserved for traders who want to enjoy exclusive benefits and privileges. It requires a minimum deposit of $50,000 and offers a maximum leverage of up to 1:100. The low spreads start from 0 pips and a commission of $2/lot is charged. The account supports trading in forex, metals, energies, indices, stocks, cryptocurrencies, and futures.

Funding

Uniglobe Markets offers various funding methods for its clients to deposit and withdraw funds from their trading accounts. These methods are:

  • Bank Transfer: This method requires a minimum deposit of $250 and a minimum withdrawal of $150. The maximum amount depends on your account balance and bank limit. Uniglobe Markets does not charge any fee for bank transfer, but the withdrawal fees depend on the corresponding bank. The deposit and withdrawal time may vary from a few days to a few weeks.
  • Credit Cards: This method requires a minimum deposit of $50 and a minimum withdrawal of $50. The maximum amount is $5,000 per transaction. Uniglobe Markets does not charge any fee for credit cards. The deposit and withdrawal time may vary from a few minutes to a few hours.
  • Online Payment Options: This method requires a minimum deposit of $50 and a minimum withdrawal of $50. The maximum amount is $5,000 per transaction. Uniglobe Markets does not charge any fee for online payment options. The deposit and withdrawal time may vary from a few minutes to a few hours.

To initiate transactions, you need to log in to your Uniglobe Markets account and visit the “Funding” section. Here, you can select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and bank involved. For more information, you can visit the [Funding Withdrawal] page on the Uniglobe Markets website.

Conclusion

In conclusion, Uniglobe Markets is a global broker that offers forex and CFD trading on various platforms and tools. The broker is regulated by the FSC of Mauritius and operates under another entity in the Marshall Islands. The broker provides competitive spreads, fast execution, high leverage, low commissions, and access to advanced trading platforms and tools. The broker also offers a comprehensive education section and various funding methods for its clients. However, it is important to note that Uniglobe Markets is not a very well-known or reputable broker in the industry, and it may have some potential drawbacks and risks that traders should be aware of before opening an account with them. For more choices, we recommend you to check out our trading broker reviews.

Uniglobe Markets Logo

$100

Uniglobe Markets is an offshore forex and CFD broker that offers trading on various instruments, such as currency pairs, indices, commodities, metals, and cryptocurrencies. The broker provides the MT4 and MT5 platforms, as well as a web terminal and a copy trading service. Uniglobe Markets claims to offer low spreads, high leverage, fast execution, and tier-1 liquidity.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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