UBK Markets

UBK Market
WikiStocks Rating	⭐⭐⭐
Fees	Commissions:$9/16 pips/$16(Depend on the account types)Spreads:From 0 pip
Unique Trading APP(UBK Market APP)	25 USD
Interests on uninvested cash	3.28%
Mutual Funds Offered	Yes
Platform/APP	iPro Marketplace
Promotion	N/A

UBK Market Information

　　UBK Market is a financial services provider offering competitive trading fees, such as commissions starting at $9 and spreads from 0 pip, along with a low minimum account deposit of $25.

　　They also provide a user-friendly trading platform, iPro Marketplace, and offer interests on uninvested cash at a rate of 3.28%.

　　However, the lack of promotional offers might be a downside for some users looking for additional benefits when starting their trading journey.

Pros & Cons

　　Pros:

　　UBK Market offers diverse account types tailored to meet various trading needs, coupled with highly competitive spreads starting from 0 pips, which can be particularly attractive to active traders. The platform is regulated by the SFC, ensuring a level of trust and compliance. Additionally, they offer a unique trading app, iPro Marketplace, enhancing the trading experience with its user-friendly interface.

　　Cons:

　　However, the cons of UBK Market include high commissions, which can reach up to 16 pips depending on the account type, potentially making it less appealing for traders looking for cost-effective options. The minimum deposit required is $25, which, while relatively low, may still pose a barrier to absolute beginners. Also, the specific features of the iPro Marketplace, while unique, might require a learning curve that could be inconvenient for new traders.

Is UBK Market Safe？

　　Regulations:

　　UBK Market is regulated by the Cyprus Securities and Exchange Commission (CySEC) with a license number 186/12. CySEC is a reputable regulatory authority in the EU, adhering to strict financial standards and part of the European Securities and Markets Authority (ESMA). This regulatory oversight ensures that UBK Market complies with high standards of financial conduct and practices under the EU laws, including the Markets in Financial Instruments Directive (MiFID).

　　Funds Safety:

　　UBK Market is a member of the Investor Compensation Fund (ICF) for customers of Cyprus Investment Firms (CIF). This membership provides a safety net for clients' funds, offering a form of insurance that covers investment services related losses up to a certain amount, as specified in the Law No. 144(I)/2007 of the Republic of Cyprus. This ensures that clients have a level of financial protection in the event that the firm is unable to meet its financial obligations.

　　Safety Measures:

　　UBK Market employs advanced encryption technologies to safeguard the storage of funds and protect sensitive user information from unauthorized access. The firm's commitment to data security is further underscored by its use of internationally recognized security protocols and compliance with EU data protection standards.

What are securities to trade with UBK Market？

　　At UBK Market, traders can access a range of financial instruments across several categories.

• 　　EUR/USD (Euro/US Dollar): Known as the “Fiber,” this is the most traded currency pair in the world, representing the two largest economies: the Eurozone and the United States.

• 　　GBP/USD (British Pound/US Dollar): Often referred to as the “Cable,” this pair denotes the exchange rate between the British Pound and the US Dollar. It's known for its volatility and is heavily influenced by political and economic events in the UK and the US.

• 　　USD/JPY (US Dollar/Japanese Yen): This pair is called the “Gopher” and it measures the value of the US Dollar against the Japanese Yen. It's popular for its tight spreads and often correlates with US economic indicators.

• 　　AUD/USD (Australian Dollar/US Dollar): Nicknamed the “Aussie,” this pair represents the exchange rate between the Australian Dollar and the US Dollar. It often reflects changes in commodity prices, as Australia is a significant exporter of natural resources.

• 　　EUR/JPY (Euro/Japanese Yen): This is a cross currency pairing, measuring the Euro against the Japanese Yen. It's popular among traders because of the significant economic size and importance of the Eurozone and Japan.

• 　　USD/CAD (US Dollar/Canadian Dollar): Known as the “Loonie,” this pair shows the value of the US Dollar relative to the Canadian Dollar. It's closely tied to the trading relationship between the US and Canada and is influenced by changes in oil prices.

• 　　NZD/USD (New Zealand Dollar/US Dollar): This pair is called the “Kiwi” and it represents the exchange rate between the New Zealand Dollar and the US Dollar. It can be influenced by New Zealand's agricultural exports and commodity price shifts.



UBK Market Account Review

　　UBK Markets offers a variety of account types to satisfy different trading strategies and levels of investor experience. Each account type is designed with unique features to provide tailored trading conditions:

• 　　Classic Account:Suitable for traders of all levels, the Classic Account offers straightforward trading conditions with floating spreads starting from 0 pips.

• 　　iPA-Manager Account

• 　　Designed for experienced traders, the iPA-Manager Account allows for managing multiple currency pairs and includes features such as the automatic closing of all positions at a specified weekly time. This account is performance-based, rewarding managers based on the profitability of their trading strategies.

• 　　iPA-Investor Account

• 　　Perfect for less experienced traders or those without the time to trade themselves, the iPA-Investor Account lets users copy the trades of experienced managers.

  

UBK Market Fee Review

　　UBK Market offers a fee structure tailored to the specific needs of its three different account types, ensuring that traders and investors can choose the model that best fits their trading style and objectives.

• 　　Classic Account:

• 　　Commission: $9 per 100,000 units of currency traded. This flat rate is applicable for each trade executed.

• 　　Spreads: Starting from 0 pips, which allows for cost-effective trading, especially in highly liquid market conditions.

• 　　Swap Fees: Charged for holding positions overnight, calculated in pips per the contract specifications. However, if a position is closed before 23:59:59 UTC, no swap is charged.



　　

• 　　iPA-Manager Account:

• 　　Commission: 16 pips per executed trade, which is relatively higher due to the specialized service and potential profitability of managing multiple trades for multiple followers.

• 　　Spreads: Floating, starting from 0 pips, providing competitive pricing for currency pairs.

• 　　Swap Fees: Similar to the Classic Account, based on the contract specifications and only applicable if positions are held past the daily closing time.



• 　　iPA-Investor Account:

• 　　Commission: 16 USD per 100,000 units of currency, aligning with the iPA-Manager account as it directly relates to the copying of trades.

• 　　Spreads: Also starting from 0 pips, allowing investors to benefit from low-cost entries and exits.

• 　　Swap Fees: Charged as per the contract specifications, applicable to positions that remain open at the end of the trading day.



Account Type	Commission	Spreads	Swap Fees	Minimum Deposit	Maximum Trade Size	Leverage	Additional Features
Classic Account	$9 per 100,000 units	Starting from 0 pips	Charged per contract specifications; no charge if closed before 23:59:59 UTC	$25	25 lots	1:30 for major instruments, 1:20 for additional instruments	Hedging allowed, Automated Trading Strategies (ATS) allowed
iPA-Manager Account	16 pips per trade	Floating, starting from 0 pips	Charged per contract specifications; applicable for overnight positions	Not specified	0.1 lot (max per currency pair: 0.2 lot)	Not specified	All positions auto-closed on Fridays at 17:00 UTC, Weekly rollover for compensation
iPA-Investor Account	$16 per 100,000 units	Starting from 0 pips	Charged per contract specifications; applicable for overnight positions	Variable based on total managed funds	Depends on market liquidity	Variable, up to 1:30 for < $10,000, calculated based on balance for larger accounts	Profits distributed upon withdrawal or at trading session end, 70% of profits to investors

UBK Market Trading Platform Review

　　

　　UBK Markets offers its customers a sophisticated and user-friendly trading platform known as iPro Marketplace. This platform is central to the company's trading infrastructure and comes with several noteworthy features:

• 　　Web Platform for Investment Management: The iPro Marketplace web platform is specifically designed for iPA-Investors to efficiently manage their funds. It enables investors to analyze the performance of iPA-Managers, select strategies, and copy trading signals directly to their accounts. The web platform is accessible via commonly used browsers and can be operated on any mobile device, ensuring flexibility and convenience for users on the go.



• 　　Desktop and Mobile Versions: The iPro Marketplace is available in both desktop and mobile versions, meeting the needs of traders who require mobility without sacrificing functionality. The desktop version offers a robust set of tools and features for market analysis and trading.

• 　　Mobile App: The mobile version of iPro Marketplace is crafted to maintain operational parity with the desktop version, offering full trading functionality. It boasts a user-friendly interface and optimal technical performance, making it highly competitive and advanced compared to other mobile trading apps. The app allows traders to engage with the markets, execute trades, and manage their accounts from anywhere, at any time.



Research & Education

• 　　Chart Enhancements: Updates such as improved pending order mechanisms directly in the chart, color-highlighted parameters, and the ability to plot equilateral figures enhance the analytical capabilities of the platform. These tools can help traders conduct thorough technical analysis, essential for making informed trading decisions.

• 　　Indicator Improvements: Regular updates to the technical analysis tools, like the Accumulation/Distribution indicator adjustments, aid traders in better understanding market dynamics and developing their strategies.



• 　　Strategy Development and Testing:

• 　　Code Editor: Features like the right-click context menu for managing code tabs and the implementation of functions to close or maintain tabs streamline the process of strategy development. This is particularly useful for traders who use algorithmic trading methods.

• 　　Strategy Tester: Enhancements like the ability to partially close positions during strategy testing and additional management options in the testing chart context menu allow traders to fine-tune and test their strategies under simulated market conditions.

• 　　Educational Features in Trading Components:

• 　　iPA-Manager and iPA-Investor Accounts: These accounts allow for a practical learning experience where investors can copy the trades of more experienced managers, observing and learning from their strategies.

• 　　Automated Trading Strategies (ATS) Management: The platforms capability to manage and monitor ATS provides a learning curve for users interested in automated trading systems.

• 　　Interactive Components:

• 　　User Interface Enhancements: Continuous improvements in the user interface, such as the optimized navigation and accessibility features, ensure that users of all skill levels can more effectively interact with the platforms functionalities.



Customer Service

　　UBK Markets provides customer support through various channels to ensure accessibility and immediate assistance for their clients.

　　Customers can visit the company's physical office located at Spyrou Kyprianou 67, Flat/Office 2, 4003, Limassol, Cyprus, or contact them by phone at 25 353630 for direct support.

　　Additionally, UBK Markets offers a FAQ section on their website, which addresses common questions and issues, allowing clients to quickly find answers to their inquiries at any time.



Conclusion

　　UBK Markets is a well-regulated trading platform based in Limassol, Cyprus, offering a sophisticated suite of trading services through the iPro Marketplace.

　　The platform is known for its innovative trading tools, market analysis features, and robust strategy testing and development options.

　　It provides a blend of direct customer support and an informative FAQ section, attracting both new and experienced traders looking to optimize their trading strategies in a secure and dynamic trading environment.

FAQs

• 　　How can I contact UBK Markets for support？

• 　　You can contact UBK Markets by phone at 25 353630 or visit their office at Spyrou Kyprianou 67, Flat/Office 2, 4003, Limassol, Cyprus.

• 　　What trading platforms does UBK Markets offer？

• 　　UBK Markets offers the iPro Marketplace platform, available in both web and mobile versions.

• 　　Is there a minimum deposit required to open an account with UBK Markets？

• 　　Yes, the minimum deposit required to open a Classic Account is $25.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.