UversFx, officially known as PT. Universe Synergy Futures, was established in 2011 and is headquartered in Indonesia. This brokerage operates as a private entity, focusing primarily on retail forex trading services. The company caters to a diverse clientele, including individual traders and investors seeking to access the forex market. Over the years, UversFx has made significant strides in establishing itself within the industry, highlighted by its regulatory compliance and the offering of various trading instruments.
UversFx's development journey includes obtaining a retail forex license from the Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti), the Indonesian regulatory authority for commodities and futures trading. This milestone has been crucial in building trust and credibility among its users. The brokerage operates mainly in the Indonesian market but also aims to attract international clients looking for reliable trading solutions.
The business model of UversFx revolves around providing retail forex trading, with a focus on currency pairs, precious metals, and oil trading. This model is designed to meet the needs of both novice and experienced traders who are looking for competitive trading conditions and a secure trading environment.
UversFx is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti) in Indonesia, holding the retail forex license that assures clients of its compliance with local laws and regulations. The regulatory number associated with UversFx's license is available upon request from the brokerage.
The license is valid for conducting forex trading activities and ensures that UversFx adheres to strict guidelines regarding client fund management and operational transparency. The brokerage maintains a policy of segregated accounts, partnering with Bank Central Asia to ensure that client funds are kept separate from the company's operational funds. This segregation adds an extra layer of security for traders' investments.
UversFx also implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to comply with regulatory standards, ensuring that all clients are properly verified before being allowed to trade. These measures are crucial in maintaining the integrity of the trading environment and protecting against fraudulent activities.
UversFx offers a range of trading products tailored to the needs of its clients. The brokerage provides access to over 50 currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on various market opportunities. Additionally, UversFx facilitates trading in precious metals such as gold and silver, as well as oil trading, which is particularly appealing to those interested in commodities.
The brokerage also offers Contracts for Difference (CFDs) on indices and commodities, providing clients with the opportunity to speculate on price movements without owning the underlying asset. UversFx continually updates its product offerings, ensuring that clients have access to the latest market instruments and trading opportunities.
For retail clients, UversFx provides a user-friendly trading experience, while institutional clients can also benefit from tailored services that cater to their specific trading needs. The brokerage does not currently offer white-label solutions or asset management services, focusing instead on its core trading offerings.
UversFx supports the widely recognized MetaTrader 4 and MetaTrader 5 platforms, which are equipped with comprehensive technical analysis tools, versatile trading systems, and support for algorithmic trading and expert advisors. These platforms are accessible on various devices, including Windows and mobile applications for both iOS and Android, ensuring that traders can manage their accounts and execute trades from anywhere.
The brokerage employs a Straight Through Processing (STP) execution model, which facilitates faster trade execution and minimizes the risk of slippage. UversFx's servers are strategically located to enhance connectivity and trading performance, providing clients with a reliable trading environment.
For traders seeking automation, UversFx offers an API for connecting external trading systems, allowing for algorithmic trading strategies to be implemented seamlessly. This technological infrastructure underscores UversFx's commitment to providing a robust trading experience for its clients.
UversFx offers several account types to cater to different trading preferences and experience levels. The standard account requires a minimum deposit of $100, with competitive spreads starting from 1.5 pips for major currency pairs like EUR/USD. This account type is suitable for beginners and retail traders looking for accessible trading conditions.
For more experienced traders, UversFx provides advanced account options, including VIP and professional accounts, which come with additional benefits such as lower spreads and enhanced customer support. The brokerage also offers a demo account for new users to practice trading without financial risk.
Leverage options at UversFx vary, with maximum leverage ratios typically ranging from 1:100 to 1:400, depending on the asset class being traded. The minimum trade size is set at 0.01 lots, enabling traders to manage their risk effectively. Overnight fees and other trading costs are transparently communicated to clients, ensuring that there are no hidden charges.
UversFx supports a variety of deposit methods, including bank transfers and credit/debit cards, ensuring that clients have multiple options for funding their accounts. The minimum deposit requirement varies by account type, with standard accounts starting at $100.
Deposit processing times are generally swift, typically taking 1-3 business days depending on the method used. UversFx does not charge fees for deposits, but clients should be aware of any potential fees imposed by their banks.
Withdrawal options include the same methods used for deposits, with processing times ranging from 3-5 business days. UversFx maintains a transparent fee structure for withdrawals, ensuring that clients are informed of any applicable charges before initiating a withdrawal request.
UversFx prides itself on providing excellent customer support, available through multiple channels, including phone, email, and live chat. The support team operates during business hours, covering various time zones to assist clients effectively.
The brokerage offers support in multiple languages, catering to its diverse clientele. Additionally, UversFx provides a range of educational resources, including webinars, tutorials, and eBooks, aimed at enhancing traders' knowledge and skills.
Market analysis services are also available, with daily reports and updates provided to keep clients informed about market trends and opportunities. UversFx equips traders with essential tools such as economic calendars and trading calculators to assist in their decision-making processes.
UversFx primarily serves clients in Indonesia and aims to expand its reach to other regions. The brokerage has established a strong presence in the Indonesian market, supported by its regulatory compliance.
However, UversFx does not accept clients from certain countries due to regulatory restrictions. Specific regions where clients may face limitations include countries with stringent forex trading regulations or where UversFx is not licensed to operate.
The brokerage continuously evaluates its regional operations to ensure compliance with local laws and regulations, adapting its services accordingly to meet the needs of its clients while maintaining a secure trading environment.
In conclusion, UversFx is a reputable forex broker that offers a comprehensive trading environment supported by regulatory oversight, a variety of trading products, and robust technological infrastructure. With a commitment to client security and satisfaction, UversFx continues to position itself as a reliable choice for traders in Indonesia and beyond.