Uniglobe Markets Review (2023)

What is Uniglobe Markets?

Uniglobe Markets claims to offer their clients direct access to interbank liquidity, tight spreads (Also see No Spread Brokers), fast and quality execution and exceptional customer service. Uniglobe Markets was founded by a group of traders and financial professionals having significant experience in the Forex, CFD and Equity markets in Asia, Europe and North America. This has enabled them to select the best solutions to accomplish the main goal – to make available transparent Forex trading to clients from all walks of life, easy accessibility and security. Of course, it all looks good on paper, but is it actually so?

Is Uniglobe Markets a scam or legit broker?

It is not safe to trade with Uniglobe Markets, as it is an offshore company. The website is owned and operated by Uniglobe Markets Limited. Uniglobe Markets is authorised to provide the financial Services as offered through this Website under Regularity Laws of Marshall Islands, registration #78101. 

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as CobraCFD, Swissinv24 and more.

In fact, Marshall Islands is an offshore zone attracting various firms that for the reason or another escape from the serious regulation or compliance to international service providing. However, in the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors’ investments. Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around.

As most of the unregulated offshore companies, Uniglobe Markets provides its London address and contact phone number, however, we already know for a fact that this broker is not regulated and isn’t allowed to offer its financial services in the UK or any other country.

Uniglobe Markets in India

Uniglobe Markets has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

Uniglobe Markets in the USA

The United States is one of the countries that is not accepted by Uniglobe Markets. As per the U.S law, brokers regulated by CFTC are the only brokers allowed for the USA traders. So, except for Uniglobe Markets, you are only permitted to trade with the U.S regulated platforms.

Deposits & Withdrawals

Micro trading account with Uniglobe Markets and start with the smallest investment of minimum USD100. ECN trading account with a lower initial deposit of $1000

UniglobeMarkets does not apply any deposit or withdrawal fee,charges may occur depending on your payment provider. 

Apps

Popular platforms MetaTrader4 and MetaTrarder5 are available for the traders use on the Uniglobe Markets. For the mobile version they need to download MetaTrader4 or MetaTrader5 on their iOS or Android devices and start trading currencies with CFDs. MetaTrader 5 for Android allows you to trade and check your account from anywhere. Access to the main features of the platform using your smartphone.

The new MetaTrader 5 for iOS devices offers online mobile trading on the Forex and CFD’s. Now trade online Forex and CFDs directly from your iPhone and iPad supported for all iOS versions.

MT4 is now available for your iOS/iPhone/iPad. Login Enjoy the opportunity to trade from anywhere in the world via Metatrader 4 for your iOS device(s).

Demo Account

Demo account is available on the Uniglobe Markets website. It allows beginner traders (Find out the Best Forex Broker for Beginners) to start practicing with zero initial payment and become a perfect trader, play with real-time conditions, test all functions that a real account gives access to, in real-time. Also, they can learn to analyze the most effective tool and trading chart by experts to make trading more profitable. Demo account gives you a chance to polish your trading skills and use different strategies in real conditions.

Conclusion

Even though the trading offering might seem attractive, in our opinion, you may find something more interesting among the regulated brokers. But an offshore status of the company does not guarantee the provision of services at the necessary level of client and funds protection. For that reason, we would advise choosing the broker more carefully and check on at the first step the broker’s regulation status. The reputable firms that hold FCA, FINMA or other licenses are established in accordance with international standards, protecting clients at every step and even compensating the trader in case things go wrong with the company. 

So of course, we always advise only regulated firms to trade with, as the market trading business with its decentralized nature, unfortunately, attracts many scammers, and the trader should carefully check where to invest money and trade.

Yet, it is always great to hear your personal opinion about Uniglobe Markets. So you may share your experience or thoughts or discuss them below or ask us for additional information.