Ubrokers is a new Crypto / Forex CFD broker in Greece, operated by Capital Securities S.A., which held their grand opening in July 2020. Official website is now located at: https://www.ubrokers.eu/.
For withdrawal problems and issues, read this.
Our objective review of Ubrokers finds that they are offering the CFD trading platform from Scipio. Their CFD trading app is very user friendly, since it is clear and easy for investors of all levels to understand how it works. Seasoned investors will find the familiar MT4 platform available, with its advanced trading features, in addition to mobile trading apps for Android and iOS.
More than 300 underlying assets are available to trade, with leverage rates as high as 30:1 as per European Union Mifid mandate. Investors will see that there are CFD’s on Currency / Forex Pairs, Crypto Currency Coins, US & European Stocks, Market Indexes and Commodities to trade.
As a global brokerage firm, their website is available in multiple languages including English, German, Italian, Swedish, Spanish, Polish, Dutch and Portuguese. You can have your trading account denominated in these currencies; USD, EUR & GBP. Demo accounts are available for free at Ubrokers, and the minimum deposit requirement for a Basic trading account is only $250. Leverage / Margin rates are 30:1 in line with European regulations.
Scam Algorithm Trading Apps
Many new investors watched an infomercial about an algorithm trading app which makes huge profits. These trading apps are called Bitcoin Evolution, Bitcoin Era, and more. Once you signup for it, they direct you to a Forex broker like Ubrokers.
There are a few things you need to know.
- Automated trading apps are mostly random signal generators, that are not 100% accurate.
- 75 – 90% of CFD investors lose money, so those ridiculous promises of huge profits are false.
- This broker is not authorized or licensed to give you investing advice.
You can read more about automated trading robots.
Is Ubrokers a Legit Broker?
Yes, Ubrokers is a legitimate European CFD broker that is owned by Capital Securities S.A. They are an Investment Firm that is regulated by the Hellenic Capital Market Commission (“HCMC”). Their HCMC license number is: 2/11/24.5.1994. Official address is: 58 Metropoleos Street, 105 63, Athens, Greece. The FCA in England warned investors on November 13th 2020 that this broker is not FCA regulated, read more.
The way that the Scam Broker Investigator reviews a new broker, to determine if they are a legitimate or a scam broker, is by checking for a valid license. Popular financial regulators of Forex brokers worldwide, are the government agencies; FCA United Kingdom and FSCA South Africa, see here.
There are many reasons why investors should only trade with a licensed broker, and if you want to see what happens and scam brokers, just read the complaints page.
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Try a Free Demo of their unique trading app, signup here.
If you are currently investing with this broker, please share your experience in the comments section below.