Search

For more information about UW Global Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Business

Influence E

License

No license

UW Global Company

  

UW Global Company: A Comprehensive Overview

  

1. Company Overview

  

Founding Date and Background

  UW Global Company was founded in 2016, operating as a broker that provides trading services in various financial instruments including forex, indices, CFDs (Contracts for Difference), and precious metals such as gold and silver. The company aims to cater to both individual and corporate clients, offering a range of account types tailored to different trading needs.

  

Parent Company/Ownership Structure

  UW Global operates as a subsidiary under the corporate entity UW Global Inc. The specific ownership structure details are not extensively publicized, but it is registered under the Labuan Companies Act, indicating a corporate framework that adheres to Malaysian regulations.

  

Headquarters Location

  The headquarters of UW Global is located in Labuan, Malaysia, specifically at Unit Level 3A & 3B, Block 4, Financial Park Labuan, Jalan Merdeka, 87000 Federal Territory of Labuan, Malaysia. This strategic location allows the company to leverage Labuan's status as an offshore financial center.

  

Global Business Scope

  Although primarily focused on the Malaysian market, UW Global extends its services to clients worldwide, providing a platform for forex and CFD trading. The company emphasizes its commitment to transparency and integrity in its dealings, aiming to attract both local and international traders.

  

Main Regulatory Bodies

  While UW Global is registered with the Labuan Financial Services Authority (LFSA) and holds a license for money broking, it does not operate under the oversight of major global regulatory bodies such as the Financial Conduct Authority (FCA) or the Securities and Exchange Commission (SEC). This lack of comprehensive regulatory oversight raises concerns about the safety and security of client funds.

  Back to top

  

2. Company History and Development

  

Key Milestones

  • 2016: Foundation of UW Global, establishing its presence in the forex and CFD markets.
  • 2019: Obtained a license from the Labuan Financial Services Authority (LFSA), allowing it to operate as a money broking business.
  • 2021: Expanded its trading platform capabilities by incorporating both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), enhancing the trading experience for clients.

  

Business Expansion Journey

  Since its inception, UW Global has focused on expanding its service offerings and improving its trading platforms. The introduction of MT4 and MT5 has allowed traders to access advanced trading tools and features, catering to a diverse clientele ranging from beginners to experienced traders.

  

Customer Base Growth

  UW Global has steadily grown its customer base, leveraging its competitive trading conditions and user-friendly platforms. The company aims to attract both individual traders and institutional clients, providing tailored services to meet their unique requirements.

  

Platform Development History

  The development of the trading platform has been a critical focus for UW Global. By adopting MT4 and MT5, the company has positioned itself to offer a robust trading environment equipped with technical indicators, graphical tools, and market analysis capabilities.

  

Important Awards or Recognitions Received

  While specific awards or recognitions have not been widely publicized, the company has garnered a reputation for its commitment to customer service and trading technology. The emphasis on multilingual support and 24/7 customer service highlights its dedication to client satisfaction.

  Back to top

  

3. Trading Services Offered

  

Forex Trading Options

  UW Global offers a range of forex trading options, including major and minor currency pairs. The specific number of currency pairs available is not disclosed, but the platform supports a variety of trading strategies catering to different trader preferences.

  

Stock Trading Options

  Currently, UW Global does not provide stock trading options. The focus is primarily on forex, indices, CFDs, and precious metals.

  

CFD Trading Products

  The company offers CFDs on various financial instruments, allowing traders to speculate on price movements without owning the underlying asset. This includes indices and commodities, providing a diverse trading experience.

  

Other Financial Instruments

  In addition to forex and CFDs, UW Global offers trading in precious metals, specifically gold and silver. However, it does not support cryptocurrencies, bonds, options, or ETFs.

  

Special Services or Unique Advantages

  One of the unique advantages of UW Global is its provision of Sharia-compliant trading accounts, which adhere to Islamic finance principles by offering a leverage ratio of 1:1 and no swap charges. This service caters to traders seeking ethical trading options.

  Back to top

  

  

Detailed Regulatory Information

  UW Global is registered with the Labuan Financial Services Authority (LFSA) and holds a license number MB/19/0040. However, it lacks regulation from other major financial authorities, which raises concerns regarding its operational transparency and client fund protection.

  

  The company operates as a registered entity in Malaysia, specifically under the jurisdiction of Labuan, which offers a favorable regulatory environment for offshore businesses. The legal structure is designed to comply with local laws while providing services to a global clientele.

  

Client Fund Protection Measures

  UW Global claims that client funds are held in segregated accounts, ensuring that client money is kept separate from the company's operational funds. This measure is crucial for maintaining trust and security in financial transactions.

  

Countries/Regions Served

  While UW Global primarily serves clients in Malaysia, it also caters to international traders, allowing access to its trading platform from various countries. However, the specific jurisdictions where the company operates may be limited due to its regulatory status.

  

Compliance History

  As an unregulated entity, UW Global's compliance history is not extensively documented. The lack of oversight from recognized regulatory bodies may pose risks for traders regarding fund security and operational transparency.

  Back to top

  

5. Competitive Landscape

  

3-5 Main Competitors

  • FXTM (ForexTime): A well-regarded broker offering a wide range of trading instruments and regulatory oversight from multiple jurisdictions.
  • XM: Known for its extensive educational resources and competitive trading conditions, XM operates under strict regulatory supervision.
  • IC Markets: A popular choice among traders for its low spreads and high leverage options, IC Markets is regulated by the Australian Securities and Investments Commission (ASIC).
  •   

    Positioning in the Industry

      UW Global positions itself as a versatile trading platform focusing on forex, indices, CFDs, and precious metals. However, its lack of comprehensive regulation may hinder its competitive edge compared to more established brokers.

      

    Market Differentiation Factors

      The unique selling points of UW Global include its provision of Sharia-compliant trading accounts and access to both MT4 and MT5 platforms. However, the absence of stock and cryptocurrency trading options may limit its appeal to a broader audience.

      Back to top

      In conclusion, while UW Global offers a range of trading services and aims to cater to a diverse clientele, potential traders should carefully consider the implications of engaging with an unregulated broker. The company's commitment to customer service and educational resources is commendable, but the lack of regulatory oversight presents significant risks. As always, traders are encouraged to conduct thorough research and consider their risk tolerance before engaging in trading activities.

      For more information on UW Global and its offerings, please learn more.