United Brokers Forex Broker

Note: United Brokers's official website: https://united-brokers.org/ is currently inaccessible normally.United Brokers Review SummaryFounded/Registered Country/RegionMarshall IslandsRegulationNot regulatedMarket InstrumentsForex, commodities, cryptocurrencies, stocks and indicesDemo Account❌LeverageUp to 1:100SpreadFrom 2.8 pipsTrading PlatformWebTraderMin Deposit$250Customer SupportPhysical address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands МН96960Phone: +442036701987Email: info@united-brokers.org United Brokers is a London-based broker that offers five types of trading tools with leverage up to 1:100, a minimum deposit of $250, and four account types. However, United Brokers is not subject to any regulation.Pros and ConsPros Cons Multiple trading choicesNo Legal regulationMultiple account typesLimited info on trading feesUnavailable websiteLack of transparencyNo demo accountsHigh minimum depositIs United Brokers Legit? United Brokers is not subject to any regulation. Additionally, United Brokers is registered in the Marshall Islands, a preferred location for fraudulent activities, because of the lack of stringent local laws. If you fall victim to their schemes, you may find it difficult to seek assistance.What Can I Trade on United Brokers? United Brokers offers five types of market instruments: foreign exchange, commodities (such as precious metals and oil), stocks, major global indices, and 55 types of cryptocurrencies. However, since United Brokers lacks legal regulation, trading with it poses a high risk of financial loss.Tradable Instruments Supported Forex ✔Commodities✔Indices✔Cryptocurrencies❌Stocks❌Mutual Funds❌Futures❌Account types United Brokers provides four types of trading account: Mini, Standard, Classic and Pro-Invest Account with a minimum deposit requirement of $250, $10,00 $10,000 and $50,000 respectively. The minimum deposit required by United Brokers is quite high in the industry and poses a high risk of losing all your assets.Account TypeMin DepositMini$250Standard$1,000Classic$10,000Pro-Invest$50,000Leverage United Brokers offers leverage up to 1:100, which promises high profits but also entails substantial risks. Given that United Brokers is an unregulated broker, you should not trust its claims and avoid trading with it.Trading Platform United Brokers only supports trading on its proprietary web-based platform, which offers limited functions. Therefore, you are advised to choose a broker that has obtained permission to use professional and advanced platforms such as MT4/5 or cTrader for investment.Trading PlatformSupported Available Devices MT4❌/MT5❌/cTrader❌/Proprietary web-based platform✔ComputerDeposit and Withdrawal UnitedBrokers supports payments through credit cards such as VISA and MasterCard via the third-party payment provider Betatransfer, as well as Bitcoin or Ethereum payments. However, please note that all cryptocurrency payments are more or less anonymous and irreversible. Additionally, UnitedBrokers has a stringent rule: if they suspect you of fraudulent behavior, your account will be blocked and all funds will be frozen. Therefore, it is crucial to exercise caution when dealing with this broker.