English
Rating Index
Pros
Tight spreads ranging from 0.90 to 1.80 pips.
Multiple trading platforms available, including MetaTrader 4.
Offers a variety of account types, including PAMM and MAM accounts.
Cons
Unregulated and considered an offshore broker, raising safety concerns for funds.
Numerous reports of withdrawal issues and poor customer service.
The broker is now out of business, indicating a lack of reliability and trustworthiness.
Universal Fx broker Accounts
Universal FX Account Type
Universal FX offers several types of trading accounts to cater to different trading styles and preferences:
- Retail ECN Account
- Minimum Deposit: $500
- Spreads:
- Minimum: 0 pips
- Typical: 0.4 pips
- Maximum Leverage: 1:100
- Minimum Position Size: 0.01 lot
- Commission: $2.95 per 1 standard lot (one-way)
- Features: Market execution, automated trading, one-click trading, pending orders, trailing stop.
- Advanced ECN Account
- Minimum Deposit: $50,000
- Spreads:
- Minimum: 0 pips
- Typical: 0.4 pips
- Maximum Leverage: 1:100
- Minimum Position Size: 0.1 lot
- Commission: $1.95 per 1 standard lot (one-way)
- Features: Market execution, automated trading, one-click trading, pending orders, trailing stop.
- Professional ECN Account
- Minimum Deposit: $250,000
- Spreads:
- Minimum: 0 pips
- Typical: 0.4 pips
- Maximum Leverage: 1:100
- Minimum Position Size: 0.1 lot
- Commission: $1.25 per 1 standard lot (one-way)
- Features: Market execution, automated trading, one-click trading, pending orders, trailing stop.
- Visit the Website
- Go to the Universal FX official website.
- Choose Account Type
- Select the type of account you wish to open (Retail ECN, Advanced ECN, or Professional ECN).
- Fill Out Application Form
- Complete the online application form with your personal information, including:
- Name
- Email Address
- Phone Number
- Account Currency Type
- Date of Birth
- Address
- Employment Status
- Submit Identification Documents
- Provide necessary identification documents for verification (e.g., passport or drivers license and proof of address).
- Account Verification
- Wait for the broker to verify your account. This process typically takes 24-48 hours.
- Deposit Funds
- Fund your account using the available payment methods (credit/debit cards, bank transfers, etc.).
- Start Trading
- Once your account is funded, you can begin trading on the Universal FX platform.
Universal FX Broker Account Opening Process
Opening a trading account with Universal FX involves a straightforward process:
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Universal Fx accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .