Rating Index
Pros
Wide asset range, including forex, commodities, and indices, allowing for diverse trading opportunities.
User-friendly trading platforms such as MetaTrader 4, MetaTrader 5, and webtrader, catering to both novice and experienced traders.
Active community engagement through social media, enhancing client interaction and support.
Cons
Unregulated status raises concerns about the security and protection of client investments.
Limited information on leverage options, which may pose challenges for traders in managing risk exposure.
Lack of insurance for clients, leaving them without protection in case of broker insolvency.
UBB broker Accounts
UBB Account Type
United Bulgarian Bank (UBB) offers two main types of accounts tailored for different client needs:
- Individual Clients Account:
- Minimum Deposit: $10 for Forex trading, $100 for Bulgarian stocks, commodities, and international indices.
- Leverage: Up to 1:1000 for Forex; 1:500 for Bulgarian stocks; up to 1:200 for commodities and international indices.
- Account Features: Access to a range of financial services including loans, savings accounts, and insurance products.
- Business Clients Account:
- Minimum Deposit: Varies based on chosen asset class and specific financial requirements.
- Financing Solutions: Loans, credit lines, and trade finance options available.
- Cash Management Services: Optimizes financial operations for businesses, enhancing liquidity management and streamlining payment processes.
- Eligibility:
- Must possess a valid Bulgarian ID.
- Individual or business clients can apply.
- Navigate to the Homepage:
- Visit the official UBB website.
- Account Creation Process:
- Click on the “Find Out More” button.
- Enter your Tax Identification Number (TIN) and Economic Identification Code (EIC).
- Identification Confirmation:
- Choose a method of identification to confirm Bulgarian residency.
- Personal Information:
- Fill out the required personal information to complete the account creation process.
- Account Activation:
- Once the application is submitted, you will receive confirmation and further instructions to activate your account.
UBB Broker Account Opening Process
To open an account with UBB, clients must follow these steps:
This process is designed to be straightforward and efficient, ensuring clients can start trading promptly.
UBB Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
UBB accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .