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UBK Markets

Brief information about UBK Markets

UBK Markets is a company specializing in opening ECN accounts for currency trading. ECN (Electronic Communication Network) is a system where large organizations and private traders can interact directly, without intermediaries. There are advantages such as no requotes, no broker intervention, and freedom in choosing a trading strategy. However, it is worth considering some disadvantages of ECN, such as additional commissions and variable spreads.

UBK Markets offers not only trading opportunities but also a chance to earn from managing accounts without using your own funds.

UBK Markets Overview

Foundation Date: The international company UBK Markets started its operations in 2011. It is part of the Simcord company, which develops software, including the iPro Marketplace platform used by UBK Markets clients.

Location: According to the official website ubkmarkets.com, the company’s legal address is Spyrou Kyprianou 67, Flat/Office 2, 4003, Limassol. Registration number – HE 293861. The location of management and support services is not specified.

Contact Information: To contact the company, you can request a call back on the website or call +(357) 25 353630. For written communication, the email address office@ubkmarkets.com is provided.

Regulation: UBK Markets Ltd is licensed by the reputable authority CySEC with number 186/12. A copy of this document is available on the company’s official website.

iPA System: A unique development of UBK Markets, iPA, manages capital using trading signals from traders. The system analyzes signals and transmits the best ones to other clients. The company’s management uses several websites with domain addresses: ubkmarkets.com, trading.ubkplatform.com.

Trading Conditions

  • Classic Account

    Initial deposit – $25. Trading instrument – forex, account currency – USD.

    Minimum trade volume: 0.01 lot, maximum volume: 25 lots. Step size: 0.01 lot. Maximum open positions and pending orders – up to 100.

    Leverage – 1:30, margin call – 60%, stop-out – 50%. Ability for automatic strategy copying and position hedging.

  • iPA-Manager Account

    To open an iPA-Manager account, a minimum deposit is required. Leverage is not available. The manager’s task is to generate trading signals.

    Trading instrument – currency pairs. Commission – 16 points, dynamic spread. Minimum and maximum trade volume: 0.1 lot, maximum per currency pair – 0.2 lot. Maximum number of open trades – 36, pending orders – 100.

    Remuneration is credited on weekends.

  • iPA-Investor Account

    The iPA-Investor account is designed for automatic trading. It copies trades from managers on the iPA-Manager account.

    Minimum deposit – $50. Financial instrument – forex, commission – $16 for 100,000 units of trading currency. Minimum trade volume and step size – 0.0001. Maximum number of open positions – 200.

    Leverage – 1:30 for major instruments and 1:20 for minors. Margin call – 60%, stop-out – 50%. 30% of the investor’s profit is transferred to the manager.

Reviews

If you have doubts about the reliability of UBK Markets, pay attention to the reviews of current and former clients of the company. They will help you make a decision. Share your experience of interacting with UBK Markets with other readers of BrokerTribunal.

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