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Ubanker Review: What You Need To Know About Ubanker

Ubanker South Africa is a Forex trading platform owned by Green Pole Ltd in Vanuatu. It is an offshore forex and CFD broker that appears to supply one account with fastened spreads and leverage up to 1:200 on the PROfit platform. They offer no demo account, high-quality tools, following the example of leading banks and investment firms around the world so that you can have access to the same opportunities for success as an independent trader. Minimum a trader can deposit for a new account is $200 and the platform is available in English, French, Russian, Arabic and Spanish.

There are many Forex trading platforms out there but Ubanker stands out for its simplicity. So, in this review, we will be explaining to you why Ubanker is the best trading platform.

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Features of Ubanker

  1. Trading platform: Ubanker offers two trading platforms which are mobile profit and web profit. These platforms are user-friendly and are customized to suit even traders who are just beginners. It allows users to perform a technical analysis of the latest Forex news and also trade the Forex market as you see it.
  2. Trading Software: This platform also works with Meta Trader4 and has a mobile Forex trading platform that is available on your phone. Traders have full ownership of their assets because it shows how an asset might perform in the future based on data collected from the previous activity of the asset.
  3. Payment Methods: This platform has partnered with MasterCard Sure Code, Visa, Visa Electron, Maestro, Skrill and Bank Wire Transfer. Each of the payment methods has different processing times and conditions.
  4. SSL: The trading systems are secured with SSL 128-bit encryption, which is just another layer of security that traders can count on when it comes to all of the digital transactions on the platform.
  5. Strong financial background: Even if investments come from the clients, the broker firm should have a strong asset base. This is one of the essential characteristics that you need to research every time you’re considering working with one broker or another.
  6. Education: Ubanker South Africa takes an interest in educating traders. The platform offers an academy that has a practical learning system and courses that offer both reading material and video tutorials on different topics to help traders grow.
  7. Customer Service: There are various avenues to interact with UBanker. Traders can make enquiry any time from Monday to Friday during business hours, send an email or send WhatsApp message. It also has a live chat feature.

Advantages of uBanker

  1. Solid leverage ratios: The maximum leverage level provided by uBanker 1:200, that is more or less the industry’s average in countries wherever there are no any restrictions during this regard. The availability of high leverage levels is sometimes thought of a powerful facet.
  2. Diversified product portfolio: uBanker offers trading in various currency pairs, CFDs on indices, commodities, stocks, and cryptocurrencies.

Disadvantages of uBanker

  1. High spreads: uBanker offers fixed spreads of 3 pips on the foremost liquid combine, EUR/USD. this is often a quite high price of commercialism, taking under consideration that almost all fixed-spread brokers supply 2 pips for this pair. Cypriot broker easyMarkets, for example, offers a spread fixed at 1.0 pips for the EUR/USD pair to all of its traders who deposit a minimum of $250.
  2. MT4 platform not supported: Instead of the old MetaTrtader 4 (MT4), this broker uses web-based PROfit platform that additionally has mobile versions. The good old MT4, on the other hand, hardly needs an introduction. This piece of trading software is reliable, easy to use and provides a lot of advanced features and tools, such as the great charting, the superior analytics, support for Expert Advisors, and more.

Conclusion

Unlike other Forex trading sites, Ubanker is responsive, reliable and user-friendly for traders that are not awfully experienced in currency trading and their minimum entry to trading is a comfortable low amount.

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Written by PH

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