Risk Control
Software Index
Uversfx, formally known as PT. Universe Synergy Futures, is an Indonesian forex broker that has been operational since 2011. The broker is regulated by Indonesia's Bappebti, which is a positive aspect for potential traders. However, the overall user experience appears mixed, with notable concerns regarding transparency and limited payment options. This review aims to consolidate insights from various sources to provide a comprehensive overview of Uversfx.
Note: It is essential to recognize that Uversfx operates under different entities across regions, which may affect user experiences and regulatory compliance. This review incorporates a balanced approach to present a fair and accurate assessment.
Category | Rating (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 5 |
Customer Service and Support | 6 |
Trading Setup/Experience | 7 |
Trustworthiness | 5 |
User Experience | 6 |
We assess brokers based on a combination of user feedback, expert analysis, and factual data.
Founded in 2011, Uversfx is an Indonesian forex broker that operates under the oversight of Bappebti, the Indonesian Commodity Futures Trading Regulatory Authority. The platform offers trading in forex, precious metals, and oil, utilizing popular trading platforms like MetaTrader 4 and MetaTrader 5. Uversfx emphasizes tight spreads, starting from 1.5 pips for the EUR/USD pair, which might appeal to various trading strategies.
Regulatory Geography:
Uversfx is regulated in Indonesia by Bappebti, which enhances its credibility in the region. However, the lack of regulation from more prominent global authorities may raise concerns for some traders.
Deposit/Withdrawal Currencies:
The broker primarily supports local Indonesian bank transfers, particularly with Bank Central Asia for segregated accounts. Unfortunately, there is limited mention of more modern payment methods such as e-wallets or cryptocurrencies, which could deter tech-savvy traders.
Minimum Deposit:
While specific figures for minimum deposits were not consistently mentioned across the sources, the broker's offerings typically suggest a standard entry point for new traders.
Bonuses/Promotions:
There is no clear information regarding bonuses or promotional offers available to new clients, which may limit the broker's attractiveness compared to competitors who provide such incentives.
Tradable Asset Categories:
Uversfx specializes in forex trading, alongside precious metals and oil. This relatively narrow focus may not satisfy traders seeking a more diversified portfolio.
Costs (Spreads, Fees, Commissions):
Uversfx promotes competitive trading conditions with spreads starting at 1.5 pips for major pairs. However, the lack of transparency regarding commissions and additional fees could be a drawback for potential clients.
Leverage:
Information on leverage options was notably sparse, which could complicate decision-making for traders who rely on leverage to maximize their trading potential.
Allowed Trading Platforms:
Uversfx supports both MetaTrader 4 and MetaTrader 5, widely recognized platforms known for their comprehensive technical analysis tools and user-friendly interfaces. This feature enhances the trading experience for both novice and experienced traders.
Restricted Regions:
While Uversfx is primarily focused on the Indonesian market, there is limited information regarding restrictions on traders from other regions, which could impact international clients.
Available Customer Support Languages:
Customer support is available via email, phone, and contact forms on their website. However, the specifics regarding language support were not extensively detailed, which may affect non-Indonesian speaking clients.
Category | Rating (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 5 |
Customer Service and Support | 6 |
Trading Setup/Experience | 7 |
Trustworthiness | 5 |
User Experience | 6 |
Account Conditions (6/10): Uversfx offers basic account types, but there is limited information on specific account features, which could hinder informed decision-making.
Tools and Resources (5/10): The broker provides essential trading tools, including an economic calendar. However, the lack of advanced analytical tools may limit traders' strategies.
Customer Service and Support (6/10): Uversfx has various support channels, but the responsiveness and effectiveness of these services were not well-documented in user reviews.
Trading Setup/Experience (7/10): The use of MT4 and MT5 platforms enhances the trading experience, allowing for algorithmic trading and expert advisors.
Trustworthiness (5/10): While Uversfx is regulated by Bappebti, the lack of oversight from more prominent authorities may raise concerns about fund security.
User Experience (6/10): User experiences appear to be mixed, with some users appreciating the trading conditions while others express concerns regarding transparency and payment options.
In conclusion, while Uversfx presents a regulated trading environment in Indonesia, potential traders should weigh the broker's strengths against its limitations, particularly regarding transparency and the diversity of trading options. As with any trading decision, thorough research and consideration of individual trading needs are paramount.