UIIC Forex Broker

UIIC Forex Broker - Complete Information Guide

1. Broker Overview

　　Full Company Name: Uzbek Invest International Insurance Company Limited (UIIC)

　　Founded: 2010

　　Headquarters: AIG Building, 58 Fenchurch Street, London, EC3M 4AB, United Kingdom

　　Company Type: Private Limited Company

　　Primary Markets and Clientele: UIIC primarily serves clients in the United Kingdom, providing a range of financial services including insurance and trading solutions. The broker caters to both retail and institutional clients, offering specialized products to meet diverse trading needs.

　　Company Development and Milestones: Since its inception in 2010, UIIC has established itself as a reputable player in the forex and CFD industry. Over the years, the company has expanded its service offerings and enhanced its regulatory compliance, ensuring a strong foothold in the competitive financial market.

　　Parent Company or Group Relations: UIIC operates independently, with a focus on providing innovative financial solutions within the regulatory framework established by the Financial Conduct Authority (FCA).

　　Business Model Overview: UIIC operates as a market maker (MM) broker, facilitating trades in various financial instruments including forex, commodities, and contracts for difference (CFDs). The broker emphasizes risk management and customer service, aiming to provide a seamless trading experience for its users.

2. Regulatory and Compliance Information

　　Main Regulatory Authorities:

• Financial Conduct Authority (FCA), United Kingdom

　　Regulatory Numbers:

• FCA License Number: 202923

　　License Validity and Scope: The FCA regulates UIIC, ensuring compliance with stringent financial standards. The license covers a wide range of trading activities, allowing the broker to operate in forex, CFDs, and insurance-related services.

　　Legal Entities in Different Regions: UIIC is primarily registered in the United Kingdom, complying with local laws and regulations.

　　Client Funds Segregation Policy: UIIC adheres to strict policies regarding the segregation of client funds, ensuring that all customer deposits are kept in separate accounts from the company's operational funds. This practice enhances the security of client assets.

　　Investor Compensation Fund Participation: UIIC is a member of the Financial Services Compensation Scheme (FSCS), which protects clients in the event of broker insolvency, providing a safety net for investors.

　　KYC and AML Compliance Measures: UIIC implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to ensure compliance with regulatory requirements. This includes verifying the identity of clients, monitoring transactions, and reporting suspicious activities to the authorities.

3. Trading Products and Services

　　Number of Forex Currency Pairs and Major Varieties: UIIC offers a diverse range of forex currency pairs, including major, minor, and exotic pairs. The broker provides competitive spreads, allowing traders to access the forex market efficiently.

　　CFD Product Categories: UIIC provides access to various CFDs, including indices, commodities, stocks, and cryptocurrencies. This variety enables traders to diversify their portfolios and capitalize on different market opportunities.

　　Special Products or Unique Trading Varieties: UIIC offers specialized insurance products related to trading, such as contract repudiation and wrongful calling of guarantees. These unique offerings cater to the needs of investors seeking protection against specific trading risks.

　　Product Update Frequency and New Additions: UIIC regularly updates its product offerings, ensuring that clients have access to the latest market instruments and trading opportunities. The broker is committed to enhancing its product suite based on market demand.

　　Retail Trading Services: UIIC provides comprehensive retail trading services, including educational resources, trading tools, and customer support to assist individual traders in navigating the financial markets.

　　Institutional Client Services: For institutional clients, UIIC offers tailored solutions, including liquidity provision and risk management services, designed to meet the specific needs of larger trading entities.

　　White Label Solutions: UIIC is open to providing white label solutions for partners looking to establish their own trading platforms, leveraging UIIC's infrastructure and regulatory compliance.

　　Asset Management Services: UIIC also offers asset management services, allowing clients to invest in managed portfolios tailored to their financial goals and risk tolerance.

4. Trading Platforms and Technology

　　MetaTrader 4/5 Support Status: UIIC does not currently support MetaTrader 4 or MetaTrader 5 platforms. Instead, it offers its proprietary trading platform with unique features designed to enhance the trading experience.

　　Proprietary Platform Details: The proprietary platform is designed for user-friendliness and efficiency, providing traders with advanced charting tools, real-time market data, and customizable interfaces to suit individual trading styles.

　　Web-Based Trading Platform: UIIC offers a web-based trading platform that allows clients to trade directly from their browsers, eliminating the need for software downloads and ensuring accessibility from any device with internet connectivity.

　　Mobile Application Support: UIIC provides a mobile trading application available for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

　　Execution Models (ECN, STP, Market Making): UIIC operates under a market-making model, providing liquidity directly to clients and facilitating trades through its internal systems.

　　Server Locations and Technological Infrastructure: The broker utilizes advanced technological infrastructure with secure servers located in strategic regions to ensure fast and reliable order execution.

　　API Access and Automated Trading Support: UIIC offers API access for clients interested in automated trading solutions, providing the necessary tools for algorithmic trading and system integration.

5. Account Types and Trading Conditions

　　Standard Account Conditions:

• Minimum Deposit: $10,000
• Spreads: Competitive spreads starting from 1.5 pips
• Commission: Variable, depending on the account type

　　Advanced Account Types: UIIC offers advanced account types, including VIP and professional accounts, which provide enhanced trading conditions and additional benefits such as lower spreads and personalized support.

　　Special Accounts: The broker provides Islamic accounts that comply with Sharia law, ensuring that traders can participate in the markets without incurring interest.

　　Demo Account Policy: UIIC allows clients to open demo accounts to practice trading strategies without financial risk, providing a realistic trading environment for new traders.

　　Leverage Ratios: The broker offers leverage ratios of up to 1:30 for retail clients, allowing traders to amplify their positions while managing their risk effectively.

　　Minimum Trade Size: The minimum trade size is set at 0.01 lots, accommodating traders with varying capital levels.

　　Overnight Fees Policy: UIIC applies overnight fees (swap rates) for positions held overnight, which vary depending on the asset class and market conditions.

6. Fund Management

　　Supported Deposit Methods: UIIC supports various deposit methods, including bank transfers, credit cards, and e-wallets, ensuring that clients can fund their accounts conveniently.

　　Minimum Deposit Requirements: The minimum deposit requirement is $10,000 for standard accounts, with higher thresholds for advanced account types.

　　Deposit Processing Times: Deposits are typically processed within 1-3 business days, depending on the method used.

　　Deposit Fees: UIIC does not charge any deposit fees, allowing clients to fund their accounts without incurring additional costs.

　　Withdrawal Methods and Restrictions: Clients can withdraw funds through bank transfers and e-wallets, with withdrawal requests processed within 3-5 business days.

　　Withdrawal Processing Times: The processing time for withdrawals may vary based on the method chosen, with bank transfers taking longer than e-wallet transactions.

　　Withdrawal Fee Structure: UIIC does not impose withdrawal fees, promoting a cost-effective trading environment for its clients.

7. Customer Support and Educational Resources

　　Support Channels: UIIC offers multiple support channels, including phone, email, online chat, and social media, ensuring that clients can reach out for assistance easily.

　　Service Hours and Time Zone Coverage: Customer support is available during business hours, covering the UK time zone, with extended hours for urgent inquiries.

　　Multilingual Support: The broker provides customer support in English, catering to its primary client base in the UK.

　　Types of Educational Resources: UIIC offers a range of educational resources, including webinars, tutorials, and e-books, aimed at enhancing traders' knowledge and skills.

　　Market Analysis Services: Clients can access daily market analysis, news updates, and research reports to stay informed about market trends and make informed trading decisions.

　　Trading Tools: UIIC provides various trading tools, including calculators, economic calendars, and signal services, to assist traders in their decision-making processes.

8. Regional Coverage and Restrictions

　　Primary Service Markets: UIIC primarily serves clients in the United Kingdom, focusing on local traders and investors.

　　Regional Office Distribution: The broker has its main office located in London, with plans to expand its regional presence to better serve clients across the UK.

　　Countries/Regions Not Accepting Clients: UIIC does not accept clients from countries under economic sanctions or those with regulatory restrictions on forex trading.

　　Special Restrictions: Specific restrictions may apply based on local regulations in different jurisdictions, and potential clients are encouraged to check eligibility before opening an account.

　　In conclusion, the UIIC broker stands as a reputable option for traders seeking a regulated environment with a diverse range of trading products and services. Its commitment to compliance, customer support, and innovative solutions positions it well within the competitive landscape of forex brokerage.