Ualgo Forex Broker

Note: Ualgo's official website - https://www.ualgo.com/ is currently inaccessible normally.Ualgo Review SummaryFounded2016Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex pairs, CFDs on crypto coins, stocks, commodities, precious metals, indicesDemo Account✅LeverageUp to 1:200EUR/USD SpreadFrom 2.6 pips (Bronze account)Trading PlatformSirixMin Deposit$500Customer Support24/7 supportContact formTel: +35 725 030 881Email: cs@ualgo.emailAddress: Vallerstrasse 21, Payerne, SwitzerlandUalgo Information Founded in 2016, Ualgo is an unregulated broker registered in Saint Vincent and the Grenadines, offering trading in forex pairs, CFDs on crypto coins, stocks, commodities, precious metals and indices with leverage up to 1:200 and spread from 2.6 pips on the Bronze account through the Sirix trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is up to $500.Pros and ConsPros Cons Various trading productsInaccessible websiteDemo accountsNo regulationMultiple account typesWide spreadsPopular payment optionsNo MT4/MT5 platform24/7 supportHigh minimum deposit requirementWithdrawal fee chargedLong withdrawal processing timeIs Ualgo Legit? No. Ualgo currently has no valid regulations. Please be aware of the risk!What Can I Trade on Ualgo?Tradable Instruments Supported Forex pairs✔CFDs ✔Crypto coins✔Stocks ✔Commodities ✔Precious metals✔Indices ✔Bonds❌Options❌ETFs❌Account Type Here are four account types Ualgo offers:Account TypeMin DepositBronze$500Gold$10,000Platinum$25,000Diamond $50,000Leverage The broker offers maximum leverage of 1:200. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.SpreadAccount TypeSpreadBronzeFrom 2.6 pipsGoldFrom 1.2 pipsPlatinumFrom 0.7 pipsDiamond From 0.2 pipsTrading PlatformTrading PlatformSupported Available Devices Suitable for Sirix ✔Web, Mobile/MT4❌BeginnersMT5❌Experienced traderDeposit and Withdrawal The broker accepts payments via VISA, MasterCard and bank wire transfers. Withdrawal requests are processed in 7 working days. The withdrawal fee is said to be between €25 and €60 depending on the withdrawal method used.