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United Brokers

Marshall Islands|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://united-brokers.org/

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+442036701987
info@united-brokers.org
https://united-brokers.org/
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

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Company Name

United Brokers

Company Abbreviation

United Brokers

Platform registered country and region

Marshall Islands

Company website

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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United Brokers · Company Summary

Key Information Details
Company Name United Brokers
Years of Establishment 2-5 Years
Headquarters Marshall Islands
Office Locations N/A
Regulation Unregulated
Tradable Assets Forex, CFDs, Cryptocurrency, Metals, Indices
Account Types Standard, Mini, Classic, Pro-Invest
Minimum Deposit $250
Leverage Up to 1:100
Spread As low as 0.5 pips
Deposit/Withdrawal Methods Bank transfer, Credit/debit card, E-wallets Cryptocurrency
Trading Platforms United Brokers' proprietary trading platform
Customer Support Options Email Support, Phone Support

Overview of United Brokers

United Brokers, established within the last 2-5 years, is an FX broker headquartered in the Marshall Islands. The company offers a range of financial services, including forex and CFD trading, cryptocurrency trading, binary options trading, metals trading, and indices trading. While they provide various account types, such as Standard, Mini, Classic, and Pro-Invest, with leverage up to 1:100, their regulatory status remains unverified.

Tradable assets encompass over 60 currency pairs, various CFDs, cryptocurrencies like Bitcoin and Ethereum, as well as precious metals and stock indices. United Brokers facilitates deposit and withdrawal methods via bank transfers, credit/debit cards, e-wallets, and even cryptocurrencies, with varying processing times and associated fees. Customers can seek support through both phone and email channels, and the company's trading platform is proprietary.

Overview of United Brokers

Regulation

United Brokers operates without any regulatory oversight, rendering it an unregulated broker. This absence of regulatory authority means that the company does not fall under the supervision or jurisdiction of any recognized financial institution. As a result, there are no specific regulatory guidelines or standards that United Brokers must adhere to in its operations. This lack of regulation can entail a heightened level of risk for traders, as there is no external entity overseeing the broker's practices or ensuring compliance with industry standards.

Pros and Cons

Pros Cons
Wide Asset Selection Unregulated Status
Varied Account Types Limited Customer Support
Fast Processing Inactivity Fees

Pros:

Wide Asset Selection: United Brokers offers a comprehensive range of tradable assets, including forex, CFDs, cryptocurrencies, metals, and indices, providing traders with various investment opportunities.

Varied Account Types: The broker presents multiple account types, each with distinct minimum deposit requirements and leverages, accommodating traders with different risk appetites and capital levels.

Fast Processing: Deposits and withdrawals, especially via e-wallets and cryptocurrencies, are typically processed swiftly, enhancing the efficiency of fund management.

Cons:

Unregulated Status: United Brokers operates without regulatory oversight, which may raise concerns about the transparency and accountability of their practices.

Limited Customer Support: The broker offers only email and phone support, potentially leaving traders with fewer immediate assistance options compared to brokers with more extensive support channels.

Inactivity Fees: United Brokers imposes a monthly inactivity fee of $50 after 12 months of inactivity, which could be a disadvantage for traders who do not actively engage in trading.

Inaccessible WebsiteUnited Brokers' website is currently inaccessible, rendering it unavailable for potential traders. This absence of a functioning website can significantly impact the company's credibility as it obstructs interested individuals from accessing essential information about the broker and its services. Additionally, the inability to create a trading account with United Brokers due to the inaccessible website restricts traders from engaging with the platform, potentially missing out on potential trading opportunities. This situation results in a significant disadvantage for prospective traders who may be seeking to explore United Brokers as a potential trading platform. Therefore, the inaccessible website hampers the broker's credibility and limits traders' access to its services, raising concerns about transparency and reliability.

Market Instruments

United Brokers offers a range of market instruments, including Forex, CFDs, Cryptocurrency, Binary Options, Metals, and Indices. Details are as follows:

Forex: Forex trading involves the exchange of one currency for another, where traders speculate on currency price movements. United Brokers provides access to over 60 currency pairs, allowing traders to engage in the foreign exchange market. Examples of currency pairs include EUR/USD, GBP/JPY, and AUD/CHF.

Market Instruments

CFD: Contract for Difference (CFD) trading enables traders to speculate on the price movements of various financial assets without owning the underlying assets. United Brokers offers CFDs on stocks, indices, commodities, and cryptocurrencies. This allows traders to participate in the price fluctuations of assets like Apple Inc. stocks, the S&P 500 index, gold, and Bitcoin.

Market Instruments

Cryptocurrency: Cryptocurrency trading involves the buying and selling of digital currencies like Bitcoin, Ethereum, and Litecoin. United Brokers supports cryptocurrency trading, allowing traders to participate in the volatile cryptocurrency market. Examples of available cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).

Binary Options: Binary options trading is a financial instrument where traders predict the price direction of an asset within a specific time frame. United Brokers offers binary options trading, which allows traders to make simple “call” or “put” predictions on various assets such as currency pairs, commodities, and indices.

Metals: Metals trading involves the trading of precious metals like gold, silver, platinum, and palladium. United Brokers offers the opportunity to trade these metals, allowing traders to invest in assets known for their intrinsic value and stability in times of economic uncertainty.

Market Instruments

Indices: Indices trading involves speculating on the price movements of stock market indices, representing the performance of a group of companies' stocks. United Brokers provides access to trading on major indices like the Dow Jones, S&P 500, Nasdaq, and more.

The following is a table that compares United Brokers to competing brokerages:

Broker Market Instruments
United Brokers Forex, CFDs, Cryptocurrency, Binary Options, Metals, Indices
FXPro Forex, CFDs, Stocks, Indices, Commodities, Cryptocurrencies
IC Markets Forex, CFDs, Stocks, Indices, Commodities, Cryptocurrencies
FBS Forex, CFDs, Stocks, Indices, Commodities, Cryptocurrencies
Exness Forex, CFDs, Indices, Cryptocurrencies

Account Types

Account types offered by United Brokers include the Standard Account, Mini Account, Classic Account, and Pro-Invest Account. Specifics are as follows:

Standard Account: The Standard Account at United Brokers requires a minimum deposit of $1,000 and offers a maximum leverage of 1:100. This account type provides variable spreads ranging from 0.5 pips and allows trading in Forex. The minimum position size for this account is 0.01 lots. United Brokers does not charge commissions for standard accounts.

Mini Account: The Mini Account has a minimum deposit requirement of $250, offering a maximum leverage of 1:100. This account type features variable spreads starting from 0.5 pips and allows trading in 34 currency pairs. The minimum position size is 0.01 lots, and like the Standard Account, there are no commissions associated with the Mini Account.

Classic Account: The Classic Account at United Brokers necessitates a minimum deposit of $10,000, with a maximum leverage of 1:100. Traders can benefit from floating spreads starting from 0.5 pips and access Forex and the commodity market. The minimum position size for this account is 0.1 lots, and similar to the other accounts, there are no commissions associated with it.

Pro-Invest Account: The Pro-Invest Account requires a minimum deposit of $50,000 and offers a maximum leverage of 1:100. This account type features fixed spreads starting from 1.0 pips and allows trading in Forex, the commodity market, and the stock market. The minimum position size is 0.1 lots, and like the other account types, there are no commissions associated with it.

Account Type Minimum Deposit Maximum Leverage Spreads Products Minimum Position
Standard Account $1,000 1:100 Variable (0.5 pips) Forex 0.01 lots
Mini Account $250 1:100 Variable (0.5 pips) 34 currency pairs 0.01 lots
Classic Account $10,000 1:100 Floating (0.5 pips) Forex, Commodity market 0.1 lots
Pro-Invest Account $50,000 1:100 Fixed (1.0 pips) Forex, Commodity market, Stock market 0.1 lots

Minimum Deposit

United Brokers sets varying minimum deposit requirements for its account types, accommodating traders with different capital levels. The minimum deposit rates range from $250 for the Mini Account, $1,000 for the Standard Account, $10,000 for the Classic Account, to $50,000 for the Pro-Invest Account. These thresholds provide flexibility for traders to choose an account type that aligns with their financial capabilities and trading preferences.

Leverage

United Brokers offers a maximum leverage of 1:100 across all account types. This level of leverage can provide traders with the potential to amplify their positions.

Here is a table comparing the maximum leverage for the mentioned market instruments of United Brokers with other brokers:

Broker Forex Commodities Indices Crypto
United Brokers 1:100 1:100 1:100 1:100
FXPro 1:500 1:500 1:10 1:2
IC Markets 1:400 1:500 1:10 1:5
FBS 1:500 1:500 1:20 1:3
Exness 1:500 1:500 1:5 1:3

Spread

United Brokers offers variable spreads across its account types, with spreads starting from 0.5 pips for the Classic Account. The spread values can vary depending on the specific trading instrument and market conditions. While this provides traders with flexibility in choosing account types that align with their preferred spreads, it's important to note that spread values are subject to fluctuations.

Deposit & Withdrawal

United Brokers offers a variety of deposit and withdrawal methods to cater to traders' different preferences and needs. Each of these deposit and withdrawal methods has its own set of characteristics, allowing traders to choose the one that aligns with their preferences for security, speed, and convenience.

Bank Transfer: Bank transfers are known for their security but may have longer processing times, often taking up to 5 business days. Traders can rely on the stability of this method, making it suitable for larger transactions.

Credit/Debit Card: Credit and debit card transactions provide a convenient way to deposit funds, with faster processing times typically within 24 hours. However, traders should be aware that there may be associated fees when using these cards for transactions.

E-Wallets (Skrill, Neteller, etc.): E-wallets like Skrill and Neteller offer a swift and fee-free option for both depositing and withdrawing funds, with processing times usually within 24 hours. These e-wallets are popular for their efficiency and convenience.

Deposit & Withdrawal

Cryptocurrency: United Brokers supports deposits and withdrawals in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. This method allows for quick transactions, typically processed within 24 hours, and comes with no fees. Traders who prefer the advantages of digital currencies can utilize this option for their financial transactions.

Trading Platforms

United Brokers solely offers its proprietary trading platform without providing traders with alternative options. This limitation can be seen as a drawback, as traders may prefer having access to established and widely-used platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5) for their trading activities. Proprietary platforms may lack certain features and familiarity that traders find in industry-standard platforms, potentially hindering their trading experience. It's important to consider that not offering alternative platforms can limit traders' choices and flexibility when it comes to selecting the most suitable trading interface for their needs.

Trading Platforms
Trading Platforms

The following is a representation of United Brokers compared to other brokers in the industry:

Broker Trading Platforms
United Brokers Proprietary Trading Platform
FXTM MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Exness MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Pepperstone MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
FP Markets MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader

Customer Support

United Brokers offers two main customer support options: phone support and email support. These channels provide traders with direct contact for assistance and communication with the broker.

Phone Support: United Brokers offers customer support through phone contact, which can be reached at +442036701987. Traders can use this direct and immediate communication channel to seek assistance or address their queries.

Email Support: Another customer support option provided by United Brokers is email support, accessible through the address info@united-brokers.org. This method allows traders to send detailed inquiries or requests via email for assistance or information.

Conclusion

United Brokers is an unregulated brokerage established within the last 2-5 years, operates as an FX broker with its headquarters in an offshore jurisdiction. Notably, the company lacks regulation from any major financial authority, which may raise concerns regarding its accountability and adherence to industry standards. United Brokers offers a variety of trading services encompassing forex, CFDs, cryptocurrency trading, binary options trading, metals trading, and indices trading.

United Brokers offers four different account types that all have a variety of options for different traders. However, the broker's website is inaccessible, hindering potential traders from accessing essential information and creating trading accounts. United Brokers does offer customer support through phone and email channels, with no physical office locations mentioned. However, the limited support channels and the lack of a functional website can impact the trader's overall experience with the broker.

FAQs

Q: What is the maximum leverage offered by United Brokers?

A: United Brokers provides a maximum leverage of 1:100.

Q: How can traders contact United Brokers for support?

A: Traders can reach United Brokers through phone support at +442036701987 and via email at info@united-brokers.org.

Q: What types of trading instruments are available at United Brokers?

A: United Brokers offers forex, CFDs, cryptocurrencies, binary options, metals, and indices trading.

Q: Does United Brokers have any physical office locations?

A: No, United Brokers does not have any physical offices.

Q: Are there any regulatory authorities overseeing United Brokers?

A: No, United Brokers is not regulated by any major financial institution.

Q: What is the minimum deposit requirement for the Pro-Invest Account at United Brokers?

A: The Pro-Invest Account at United Brokers requires a minimum deposit of $50,000

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Albert Go619
more than one year
Their deposit fees are way too high. And don't even get me started on the spreads - they're just ridiculous. The only upside I've found is that the order execution is pretty speedy. But here's the thing: I'm starting to suspect that they're manipulating prices behind the scenes. It's just a hunch, but something about the way their prices move just doesn't feel right.
2023-03-30 10:37
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