Uniglobe Markets Review 2022

Uniglobe Markets review
Uniglobe Markets Fees Explained

• Uniglobe Markets withdrawal fees varies on payment method
• Uniglobe Markets does charge a fee for inactive accounts.
• Uniglobe Markets does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How Uniglobe Markets Fees Compare Against Other Brokers

Uniglobe Markets Minimum Deposit

Uniglobe Markets require a minimum desposit of 10 GBP/USD/EUR when opening an Uniglobe Markets trading account.

A minimum deposit is the minimum amount of money required by Uniglobe Markets to open a new online brokerage account with them.

Dont be scared off by brokers like Uniglobe Markets charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on their platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Uniglobe Markets Withdrawal Fees

Uniglobe Markets withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your receiving currency and your payment provider.

Uniglobe Markets for example allow you to withdraw your funds to Bank Transfer, Credit Cards, Webmoney, Skrill, Neteller, Qiwi, Perfect Money, Ok Pay, Cashu.

Uniglobe Markets Inactivity Fees

Uniglobe Markets does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account does not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Uniglobe Markets Desposit Fees

Uniglobe Markets does charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Uniglobe Markets Commission Fees

Uniglobe Markets does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Uniglobe Markets review
Trading on Uniglobe Markets web platforms and other applications

A Uniglobe Markets iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

Uniglobe Markets also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Uniglobe Markets's platforms

Is the Uniglobe Markets Trading Platform Secure?

Uniglobe Markets safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Uniglobe Markets also urges its clients through its web platform to always look for the SSL security sign (a lock sign) on the browser while operating Uniglobe Markets.

Uniglobe Markets Trading Platform Options

Once you have logged into your Uniglobe Markets account you will see the below trading platform options available to you.

Uniglobe Markets does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

Uniglobe Markets does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options Uniglobe Markets gives you.

Uniglobe Markets Trading benefits

• Allows hedging
• Offers STP
• Low min deposit

Uniglobe Markets Trading Accounts Offered

Below we give an overview on the account types that Uniglobe Markets offer. Whatever you are looking to trade the varying Uniglobe Markets account types will be able to provide you with what you need.

• Demo account
• Micro account
• Standard account
• ECN account
• STP account
• Islamic account

Can I try Uniglobe Markets?

Uniglobe Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

Uniglobe Markets withdrawal and funding methods

Please note that the list of Uniglobe Markets payment methods below depend on the Uniglobe Markets Entity and the Clients Country of Residence.

All available Uniglobe Markets payment methods available to you can be found in your Uniglobe Markets members area checked on the Uniglobe Markets website.

Uniglobe Markets offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about Uniglobe Markets

Uniglobe Markets Payment Methods

• Uniglobe Markets accepts Bank Transfer
• Uniglobe Markets accepts Credit Cards
• Uniglobe Markets accepts Webmoney
• Uniglobe Markets accepts Skrill
• Uniglobe Markets accepts Neteller
• Uniglobe Markets accepts Qiwi
• Uniglobe Markets accepts Perfect Money
• Uniglobe Markets accepts Ok Pay
• Uniglobe Markets accepts Cashu

How can I start trading with Uniglobe Markets?

When opening a trading account with Uniglobe Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Uniglobe Markets trading platforms here. You will need to provide some basic documentation to prove your identity as part of Uniglobe Markets onboarding and normal KYC identity checks. These checks are standard practice and help Uniglobe Markets provide a safe financial environment for their 10,000 users.

Your capital is at risk

Performing trades with Uniglobe Markets

Uniglobe Markets allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Uniglobe Markets allow you to execute a maxium trade of varies. As Uniglobe Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education Resources at Uniglobe Markets

To trade effectively with Uniglobe Markets, it's important to get a have a good understanding of the Uniglobe Markets trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with Uniglobe Markets and externally.

Uniglobe Markets offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy/sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with Uniglobe Markets.

Take time to look around the Uniglobe Markets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Uniglobe Markets

As part of our Uniglobe Markets review we review customer service options, response times and Uniglobe Markets trading platform problem resolution effectiveness.Uniglobe Markets support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Uniglobe Markets have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. Uniglobe Markets offer email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Uniglobe Markets

We tested the Uniglobe Markets live chat and it works well. We sent messages to Uniglobe Markets livechat through their app and website and recieved a response within 20 minutes.

We tested communicating with Uniglobe Markets support in multiple languages in multiple countries. Uniglobe Markets where able to resolve our customer issues.

Email Support at Uniglobe Markets

We sent several emails to Uniglobe Markets and answer times overall were excellent. The fastest response from Uniglobe Markets was less than 40 minutes and the slowest response was 2 days. Support response times may vary for you with Uniglobe Markets, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Uniglobe Markets.

Phone Support at Uniglobe Markets

We called Uniglobe Markets and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Uniglobe Markets phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Uniglobe Markets team by calling in varying languages. Uniglobe Markets made an effort to make sure our queries were answered.

Overall the phone support from Uniglobe Markets was average.

See how Uniglobe Markets Support Compares Against Other Brokers

What you will need to open an account with Uniglobe Markets

As Uniglobe Markets is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware that the expiration date of Proof of address document for different entities under Uniglobe Markets Brand may be different.

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 5 minutes or so to complete the account opening process.

While you might be able to explore Uniglobe Markets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Uniglobe Markets you can visit the Uniglobe Markets trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.uniglobemarkets.com/ on January 13, 2022.

Uniglobe Markets review written by Andrew Blumer and Mark Hansen