UKI Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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FCA Suspicious Clone 
I placed 1 lot on USD/CAD, which was going to be quadrupled, 30 thousand RMB, while the platform closed my position suddenly. This is a Dalian-invested company which claims that the market is Australian.
Uki, a forex broker established in 2018, has garnered attention in the trading community, but not all of it is positive. With a low rating of 1.53/10 from WikiFX, concerns about its credibility and safety are prevalent. This review will delve into the strengths and weaknesses of Uki, based on recent user experiences and expert analyses, to provide a comprehensive understanding of this broker.
Note: It is crucial to recognize that Uki operates under different entities across regions, which may impact regulatory compliance and user experience. Therefore, a thorough examination of the broker's operations is essential for making informed trading decisions.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
How We Rate Brokers: Ratings are based on a combination of user feedback, expert opinions, and factual data regarding the broker's offerings and regulatory status.
Uki is a forex broker that was founded in 2018 and is based in the United Kingdom. The broker primarily operates through its proprietary trading platform, which is not as widely recognized as more established platforms like MT4 or MT5. The asset classes available for trading include forex pairs, commodities, and indices. However, Uki's regulatory status raises significant concerns, as it appears to be a suspicious clone of a regulated entity under the Financial Conduct Authority (FCA). This lack of proper regulation makes it a risky choice for potential investors.
Regulated Areas/Regions: Uki claims to be based in the UK and is purportedly regulated by the FCA. However, the legitimacy of this claim is questionable, as many sources label it as a suspicious clone, indicating that it may not adhere to the strict regulatory standards expected of legitimate brokers.
Deposit/Withdrawal Currencies/Cryptocurrencies: The specific currencies accepted for deposits and withdrawals were not detailed in the sources reviewed. However, given the broker's low rating, it is advisable to exercise caution when dealing with any financial transactions.
Minimum Deposit: The minimum deposit required to open an account with Uki is not clearly stated across the reviewed sources, which is a red flag for potential traders.
Bonuses/Promotions: There are no significant bonuses or promotions mentioned in the reviews, which often indicates a lack of competitive offerings compared to other brokers.
Tradeable Asset Classes: Users can trade various forex pairs, commodities, and indices. However, the selection of assets available may not be as comprehensive as that offered by more reputable brokers.
Costs (Spreads, Fees, Commissions): The specific costs associated with trading on Uki's platform were not provided in the sources. This lack of transparency regarding fees can be a significant deterrent for traders.
Leverage: The sources did not specify the leverage ratios offered by Uki, but it is essential for traders to inquire about this before opening an account.
Permitted Trading Platforms: Uki operates its own trading platform, which lacks the recognition and user-friendliness of more popular platforms like MT4 or MT5. This could affect the overall trading experience for users accustomed to more established systems.
Restricted Regions: There is no clear indication of restricted regions for Uki, but potential traders should verify this information directly with the broker to avoid any compliance issues.
Available Customer Service Languages: Uki offers customer service primarily in Simplified Chinese. However, the quality of customer support has been criticized, with reports of long waiting times for responses.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
Account Conditions (3/10): The lack of transparency regarding minimum deposits and trading conditions is concerning. Many traders prefer brokers that offer clear information about account requirements.
Tools and Resources (4/10): Uki provides limited educational resources and trading tools, which may not meet the needs of novice traders looking for guidance.
Customer Service and Support (2/10): User feedback indicates poor customer service experiences, including delayed responses and inadequate support options.
Trading Setup (Experience) (3/10): The proprietary trading platform has not garnered favorable reviews, and its usability compared to more established platforms is questionable.
Trustworthiness (1/10): With a low rating and allegations of being a suspicious clone, trust in Uki is severely compromised.
User Experience (2/10): Overall user experiences reported are largely negative, with complaints about sudden position closures and withdrawal issues.
In conclusion, the Uki 2025 review suggests that potential traders should approach this broker with caution. The lack of clear regulatory status, combined with negative user feedback and low ratings across critical categories, makes Uki a risky choice for forex trading. Always ensure to conduct thorough research and consider alternative brokers with better reputations before making any investment decisions.
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