UBCFX Review 2018

OPEN ACCOUNT
  • Your Capital is at Risk

UBCFXReview

UBCFX Review

UBCFX is a newly established forex and CFD broker that is based on the islands of Saint Vincent and the Grenadines. The registered address is located at Suite 305, Griffith Corporate Centre, 1510 VC, Saint Vincent and the Grenadines. UBCFX also specializes in providing investment and personal capital management advisory services. Although just operational for a year, UBCFX is already establishing a reputation among investors for quality advisory services. The broker understands that their clients are the core of the broker’s business and strive to ensure that all clients under its care are serviced according to their specific trading needs.

UBCFX Video Review

Regulations

As a financial services provider based on the islands of Saint Vincent and the Grenadines, UX falls under the jurisdiction of the Financial Services Authority (FSA). The FSA on Saint Vincent and the Grenadines is in charge of regulating and supervising the operations of financial services providers that are based on the island in accordance to international best practices and local regulatory requirements. The objectives of the FSA is to ensure the companies under its jurisdiction contributes to the economic well being of the islands’ economy and does not bring the industry into disrepute.

Reliability

Although UBCFX was newly established, the broker has managed to win numerous awards since 2016 bearing testimonials to the high-quality services provided by the broker. For example, UBCFX was awarded the “Best FX Broker” award in 2016 by European CEO Awards. In 2017, the broker bagged 3 awards from leading industry reviewers such as World Finance, The European Magazine Awards and CNForex for being the broker with the best customer service as well as being the most promising broker in the industry.

ubcfx 1

Trading Platforms

For trading platforms, UBCFX has provided its traders with 2 main types of trading platforms, the Activ8 platform, and the SIRIX based trading platforms.

Activ8 Platform

The Activ8 platform is a web-based platform that allows traders to use live trading signals and technical indicators to help them make their trading decisions. The platform features:

  • State of the Art trading technology
  • Intuitive user interface
  • User-Friendly

ubcfx 2

UBC Sirix Platform

The UBCFX Sirix platform is available as a web-based version as well as a desktop platform. The main attraction of this platform is its user-friendliness and stability. It supports one-click trading and executes trades without any delays. Its key features include the following:

  • Advanced Charts
  • Fast Execution
  • Integrated trading tools
  • Social Trading capability

Apart from featuring advanced and sophisticated trading platforms, UBCFX also provided their traders with numerous other tools such as pip calculator and trading news. Traders can also view live streaming news on their trading screen to be in the know with the latest developments in the market.

ubcfx 3

UBCFX Mobile Trading

For traders who are always on the move, UBCFX has also provided them with mobile apps for the Sirix based trading platform. The apps are available for download for either Google Play store or Apple App Store

Trade Types/Instruments

As for the type of trades supported by UBCFX, you can either trade in the spot markets or in the CFDs market. The asset classes covered by UBCFX include currency pairs, commodities, stocks, energies, precious metals, and cryptocurrencies. Altogether, there are in excess of 120 different types of instruments to trade with at UBCFX.

Account Types

For trading accounts, UBCFX offers a selection of 4 different types of trading accounts namely Bronze account, Silver account, Gold account and VIP account.

Bronze trading account features

  • Minimum deposit of $500
  • Leverage ratio of 1:200
  • Trading signals provided
  • Educational Video
  • Risk Management Plan
  • Personal Account

Silver trading account features

  • Minimum deposit of $2000
  • Leverage ratio of 1:200
  • Trading signals provided
  • Educational Video
  • Risk Management Plan
  • Personal Account
  • Financial Plan
  • Hedging permitted
  • Minimum trading volume 0.10
  • VIP Events invites
  • UBCFX Credit card

Gold trading account features

  • Minimum deposit of $5000
  • Leverage ratio of 1:200
  • Trading signals provided
  • Educational Video
  • Risk Management Plan
  • Personal Account
  • Financial Plan
  • Hedging permitted
  • Minimum trading volume 0.10
  • VIP Events invites
  • UBCFX Credit card
  • Expedited Withdrawals
  • Trading Performance analysis

VIP trading account features

  • Only by Invitation

Commissions & Spreads

To compensate for the services provided by UBCFX to its traders, the broker charges its traders a fixed spread on all the trades that they make on the broker’s trading platforms. The table below shows the typical spreads which are enjoyed by traders on the UBCFX’s platform.

Instrument Spreads (in pips)
AUD/CAD 7
AUD/CHF 7
AUD/JPY 7
AUD/NZD 7
AUD/USD 4
EUR/USD 3
GBP/USD 4
USD/CAD 5
USD/CHF 4
USD/JPY 3

Deposits & Withdrawals Options

For the convenience of its clientele base, UBCFX has provided its traders with several payment methods. They include methods such as major credit cards, bank wire transfer and eWallets such as Skrill, iDEAL, and Neteller.

Bonus & Promotions

Currently, UBCFX does not have any offers of deposit bonuses or promotions.

Customer Support

The customer support service at UBCFX is available 5 days a week 24 hours a day. It is provided through email, live chat, and the telephone.

Pros and Cons

Pros

  • 4 types of trading accounts
  • A selection of over 120 types of instruments
  • Multiple choices of trading platforms
  • Social trading supported

Cons

  • Spreads are higher than the market average
  • Relatively high minimum deposit requirement
  • Not regulated by CySEC, FCA or ASIC

ubcfx 4

UBCFX Q&A

  • Is UBCFX regulated?

Yes, UBCFX is regulated by the Financial Services Authority of Saint Vincent and the Grenadines.

  • Where is UBCFX based?

UBCFX is based on the islands of Saint Vincent and the Grenadines. Their registered office is located at Suite 305, Griffith Corporate Centre, 1510 VC, Saint Vincent and the Grenadines.

  • How does UBCFX make money?

UBCFX makes its money by charging its clients a spread on the trades that they made on the broker’s trading platform.

  • How do I deposit in UBCFX account?

Deposits of funds into a UBCFX account can be done through credit card deposits, bank wire transfer or eWallet transfer.

  • How do I withdraw money from UBCFX?

You can withdraw your funds from UBCFX through your credit card account, eWallets or by requesting a bank wire transfer.

  • How do I open an account with UBCFX?

To open an account with UBCFX, you need to fill up a registration form and submit it with all the requested documents for identity verification.

  • Is UBCFX reliable?

Ys, UBCFX is a reliable broker.  They have won 4 awards since 2016 bearing testimonials to their reliability.

  • Does UBCFX use MetaTrader?

No, UBCFX does not use the MetaTrader 4 trading platform. Instead, they use the Activ8 and Sirix based trading platforms.

  • What is UBCFX leverage?

The maximum leverage offered by UBCFX is 1:200.

  • Is UBCFX a scam?

No, UBCFX is not a scam. The broker is registered with the FSA of Saint Vincent and the Grenadines. In addition, the broker has been operational since 2016.

  • How safe is UBCFX?

UBCFX uses SSL technology to secure its website ensuring all its traders have a safe and secure trading environment to carry out their trading activities.

Conclusion

From our thorough review of this newly established broker, we noted that UBCFX is able to offer its clients a rewarding trading experience with its simple and user-friendly trading platforms. They have made it easy for traders to trade the markets from anywhere around the world. In addition, they offer several types of trading accounts to ensure that trades at UBFX are able to find a trading account that will suit their specific trading needs. UBFX has also provided sufficient educational and trading support to ensure that beginner traders will be able to start trading on the right footing. Finally, UBCFX has made it possible for its traders to trade the financial markets confidently by securing their website with the latest web security technology.

UBCFXOverview

Company Information

Broker DetailsInfo
Headquarters CountryUnited Kingdom
Foundation Year2013
Publicly TradedNo
Number Of Employees100

Deposit Options

Credit Card, Neteller, Skrill, Western Union, Wire Transfer

Withdrawal Options

Credit Card, Skrill, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$500
Max. Leverage1:200
Mini AccountYes
Demo AccountYes
Premium AccountYes
Islamic AccountYes

UBCFX Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
Day TradingYes
Weekly TradingYes
Swing TradingYes
Social TradingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

Arabic, English, Spanish

Trading Services

ServiceInfo
Supported Trading PlatformsSirix
Commission On TradesYes
Educational ServiceYes
SignalYes
Email AlertsYes
Guaranteed Stop LossYes
Guaranteed Limit OrdersYes
Guaranteed Fills/LiquidityYes
Trailing SP/TPYes
Cryptocurrency CoinsYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
StocksYes
BondsNo
CryptocurrenciesYes

UBCFXPromotions

Promotion infoOfficial Site
FRee Forex Trading Signals
By Funding the trading account, the trader can receive regular forex trading signals form experts brokers.
Claim Now
  • Your Capital is at Risk

UBCFXUser Reviews

Rate this broker
  • 4.0
    Free Daily Trading Signals
    Joseph
  • 4.0
    Helpful Customer Support
    Anthony
  • 4.0
    Very Easy To Use Their Activ8 Trading Platform
    Jarvis
Read More UBCFX User Reviews

Latest Tweets by @ubcfx

Open Account at UBCFXYour Capital is at Risk

Top Promotions

Top Brokers