UW Global Forex Broker

Note: UW Global 's official website - https://www.uw-global.com is currently inaccessible normally.UW Global Review SummaryFounded2016Registered Country/RegionMalaysiaRegulationNot regulatedMarket InstrumentsForex, Indices, CFDs, Metals (Gold & Silver)Demo Account❌Leverage1:1 for Forex SyariahEUR/USD SpreadFloating for Forex and Metals; Fixed for Forex SyariahTrading PlatformMT4 and MT5Min Deposit/Customer SupportTel: +60 87-415 988 (Landline)Fax: 6087-423 288Email: cs1@uw-global.comPhysical address: Unit Level 3A & 3B, Block 4, Financial Park Labuan, Jalan Merdeka, 87000 Federal Territory of Labuan, Malaysia Registered in Malaysia in 2016, UW Global operates as a broker offering services in Forex, Indices, CFDs, and Metals (Gold & Silver). It provides three types of accounts, along with the advanced trading platforms MT4 and MT5. However, this broker does not hold a legal license issued by any official regulatory institution.Pros and ConsPros Cons A wide range of trading instrumentsNo regulationMultiple account typesLimited leverageMT4 and MT5 trading platformUnclear fee structureUnclear minimum depositUnknown payment optionsIs UW Global Legit? UW Global has failed to obtain authorization from any regulatory body, leading to a lack of legitimate oversight.What Can I Trade on UW Global? UW Global offers trading in Forex, Indices, CFDs, and Metals, specifically Gold and Silver.Tradable Instruments Supported Forex ✔Indices✔CFDs✔Metals✔Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type UW Global provides three account types, ranging from individual traders to corporate entities.Individual - Personal AccountIndividual - Joint AccountCorporate AccountLeverage In the case of the Forex Syariah account, the leverage is 1:1, indicating that no borrowed funds are utilized in trading. For metal trading, including gold and silver, the leverage details are implicitly tied to the specified contract sizes and margin requirements, despite the absence of explicit leverage ratios.Spread and Commission In terms of spreads, for Forex and Metals Trading, the spread is floating. For Syariah-Compliant Forex Trading, the spreads start from 2.0 pips. As for margins, the margin requirement for Forex trading is listed as $1,000 per lot for day trades and overnight positions, with hedging/locking costing an additional $200 per pair.Trading AssetSpreadMargin RequirementForex and MetalsFloatingUSD 1,000 per lot, with hedging/locking at USD 200 per pairSyariah-Compliant Forex From 2.0 pipsUSD 100,000Precious Metals Floating/Trading Platform UW Global provides access to both MetaTrader 4 and MetaTrader 5, two of the most professional trading platforms in the forex and CFD trading industry. Both platforms offer technical indicators, graphical objects, and detailed market depth analysis, and they are accessible through web and mobile devices (including phones and iPads). However, since UW Global is unregulated, there is a possibility that the broker may manipulate your account or even lack permission to offer trading through MT4 and MT5.Trading PlatformSupported Available Devices Suitable forMT4✔Web and MobileBeginnersMT5✔Web and MobileExperienced traders