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The WikiFX Score of this broker is reduced because of too many complaints!

UEZ Markets

Cayman Islands|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://uezmarkets.com/

Website

Rating Index

Contact

contact@uezmarkets.com
https://uezmarkets.com/
https://www.facebook.com/uezmarkets
https://twitter.com/uezmarkets
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

MY SCM
2023-01-01
INVESTOR ALERT LIST
UEZ Markets

Broker Information

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Company Name

UEZ Markets Limited

Company Abbreviation

UEZ Markets

Platform registered country and region

Cayman Islands

Company website
Twitter
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YouTube

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-05-26
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Absconded list. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 22 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Expose

    UEZ Markets · Company Summary

    Note: UEZ Markets official site - https://uezmarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    UEZ Markets Review Summary in 10 Points
    Founded 2018
    Registered Country/Region Cayman Islands
    Regulation ASIC
    Market Instruments Forex, Metals, Energies, Crypto, and Indices
    Demo Account N/A
    Leverage 1:200
    EUR/USD Spread 1 pip
    Trading Platforms MT5
    Minimum Deposit $10
    Customer Support Email, social media

    What is UEZ Markets?

    UEZ Markets is a forex broker that was founded in 2018. It is regulated by Australia Securities & Investment Commission (ASIC, No. 001300519). UEZ Markets offers a variety of trading instruments, including Forex, Metals, Energies, Crypto, and Indices through the MT5 trading platform.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    Pros Cons
    • Regulated by a reputable financial authority - ASIC • Unavailable website
    • Wide range of trading instruments • No protection measures
    • Competitive spreads and leverage • Limited payment options
    • Commission - free • Relatively new broker
    • Offers a user-friendly MT5 trading platform
    • Low minimum deposit requirement

    Overall, UEZ Markets is a relatively new broker that offers a variety of features and tools. It is regulated by a reputable financial authority and offers competitive spreads and no commissions. However, it is important to do your own research before opening an account with any broker, regardless of its regulation or reputation.

    Is UEZ Markets Safe or Scam?

    UEZ Markets is currently regulated by Australia Securities & Investment Commission (ASIC, No. 001300519), and holds a general registered United States National Futures Association (NFA, No. 0554185) license. The ASIC is a well-respected regulator, and its regulation means that UEZ Markets is subject to strict rules and regulations. The NFA is also a reputable regulator, but it does not have the same level of oversight as the ASIC.

    ASIC license
    NFA license

    However, UEZ Markets does not offer Guaranteed Funds, Segregated Accounts, and Negative balance protection. These are three important safety features that many reputable brokers offer to protect their clients' funds. The absence of these features could make UEZ Markets a riskier broker to trade with.

    Overall, UEZ Markets appears to be a reputable forex broker. However, the absence of protection measures could make it a riskier broker to trade with. It is important to do your own research before opening an account with any broker, regardless of its regulation or reputation.

    Market Instruments

    UEZ Markets offers a variety of market instruments across different asset classes, including:

    • Forex: UEZ Markets offers over 100 currency pairs, including major, minor, and exotic pairs.

    • Precious metals: UEZ Markets offers trading in gold, silver, platinum, and palladium.

    • Energies: UEZ Markets offers trading in crude oil, natural gas, and other energy commodities.

    • Cryptocurrencies: UEZ Markets offers trading in a variety of cryptocurrencies, including Bitcoin, Ethereum, and Tether.

    • Indices: UEZ Markets offers trading in a variety of indices, including the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite.

    • The specific instruments that are available to trade will vary depending on the UEZ Markets account type that you open. For example, the Standard account only offers trading in forex, while the Premium account offers trading in all of the instruments listed above.

    Leverage

    UEZ Markets offers a maximum leverage of 1:200 on forex majors. This means that for every $1 that a trader deposits, they can control a position worth $200. However, it is important to note that leverage is a double-edged sword. It can magnify profits, but it can also magnify losses. If a trade goes against the trader, they could lose more money than they deposited.

    For this reason, it is important to use leverage carefully and to only trade with money that you can afford to lose. It is also important to understand the risks involved in trading before you start.

    Spreads & Commissions

    UEZ Markets offers spreads of around 1 pip on EURUSD, which is considered to be very competitive. However, it is important to note that spreads can vary depending on the market conditions and the trading instrument. For example, spreads may be wider during periods of high volatility.

    UEZ Markets does not charge commissions on any of its trading instruments. This means that the only cost associated with trading with UEZ Markets is the spread.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    UEZ Markets 1-1.5 pips None
    IG 0.6-1.6 pips $3.50 per side
    FXCM 1-1.5 pips $2 per side
    RoboForex 0 -1 pip None

    As you can see, UEZ Markets offers the lowest spread for EUR/USD trading, followed by RoboForex. IG and FXCM both offer slightly higher spreads, but they do charge commissions.

    It is important to note that spreads and commissions can vary depending on the market conditions and the trading instrument. For example, spreads may be wider during periods of high volatility.

    It is also important to consider other factors when choosing a broker, such as regulation, customer support, and trading platforms.

    Ultimately, the best broker for you will depend on your individual needs and preferences. If you are looking for the lowest possible spread, then UEZ Markets or RoboForex may be a good choice for you. If you are willing to pay a slightly higher spread for a broker with a good reputation and a wide range of features, then IG or FXCM may be a better option for you.

    Trading Platforms

    UEZ Markets offers MetaTrader 5 (MT5) as its trading platform. MT5 is a popular trading platform that is used by millions of traders around the world. It offers a wide range of features and tools, including:

    • Real-time market data: MT5 provides real-time market data for all of the instruments that UEZ Markets offers to trade.

    • Charting tools: MT5 includes a variety of charting tools that traders can use to analyze market data and make trading decisions.

    • Order execution: MT5 allows traders to place orders to buy and sell market instruments.

    • Risk management tools: MT5 includes a variety of risk management tools that traders can use to protect their capital.

    • Expert advisors: MT5 allows traders to use expert advisors, which are automated trading programs that can help traders to make trading decisions.

    • Copy trading: MT5 allows traders to copy the trades of other traders, which can be a great way to learn from more experienced traders.

    MT5 is a powerful trading platform that offers a wide range of features and tools. It is a good option for traders of all experience levels.

    See the trading platform comparison table below:

    Broker Trading Platform
    UEZ Markets MetaTrader 5 (MT5)
    IG MetaTrader 4 (MT4), cTrader
    FXCM MetaTrader 4 (MT4), Trading Station
    RoboForex MetaTrader 4 (MT4), R Trader

    As you can see, all four brokers offer MetaTrader 4 (MT4) as a trading platform. MT4 is a popular platform that is used by millions of traders around the world. It offers a wide range of features and tools, including real-time market data, charting tools, order execution, risk management tools, and expert advisors.

    In addition to MT4, IG and FXCM also offer MetaTrader 5 (MT5). MT5 is a newer platform that offers some additional features and tools, such as algorithmic trading and copy trading.

    RoboForex also offers its own proprietary platform, R Trader. R Trader is a relatively new platform that offers a wide range of features and tools, including real-time market data, charting tools, order execution, risk management tools, and copy trading.

    Ultimately, the best trading platform for you will depend on your individual needs and preferences. If you are familiar with MT4, then any of the four brokers would be a good choice. If you are looking for a newer platform with more features, then IG or FXCM may be a better option for you. And if you are looking for a platform that is specifically designed for algorithmic trading or copy trading, then RoboForex may be a better option for you.

    Deposits & Withdrawals

    EZ Markets offers several deposit and withdrawal methods, including:

    • Wire transfer: Wire transfers are a secure and reliable way to deposit and withdraw funds. However, they can be slow and expensive.

    • E-wallets: E-wallets are a convenient and fast way to deposit and withdraw funds. However, they may not be as secure as wire transfers.

    Here are some of the pros and cons of each deposit and withdrawal method:

    Payment Methods Pros Cons
    Wire transfer Secure, reliable, and widely accepted Slow and expensive
    E-wallets Convenient, fast, and often free to use May not be as secure as wire transfers

    UEZ Markets minimum deposit vs other brokers

    UEZ Markets Most other
    Minimum Deposit $10 $100

    The minimum deposit requirement for UEZ Markets is $10. The withdrawal fee is $25+. Deposits and withdrawals typically take 2-5 business days to process.

    Customer Service

    UEZ Markets only offers email support and some social networks. More details can be found below:

    • Email: contact@uezmarkets.com

    • Twitter: https://twitter.com/uezmarkets

    • Facebook: https://www.facebook.com/uezmarkets

    • Instagram: https://www.instagram.com/uezmarkets/

    • YouTube: https://www.youtube.com/channel/UCWTcFbOmPu_3E5AurW8PQ0Q

    Pros Cons
    • Social media presence • Customer support is not available 24/7
    • Limited contact ways (only email support)
    • Company address is not revealed openly

    Note: These pros and cons are subjective and may vary depending on the individual's experience with UEZ Markets 's customer service.

    Conclusion

    Overall, UEZ Markets is relatively new and not as well-known as some other brokers. This means that there may be less information available about the broker online, and it may be more difficult to find reviews from other traders.

    Ultimately, the decision of whether or not to open an account with UEZ Markets is up to you. If you are comfortable with the risks involved and you think the broker's features and offerings are a good fit for your trading needs, then you may want to consider opening an account. However, if you are not sure, it is always best to do more research and compare UEZ Markets to other brokers before making a decision.

    Frequently Asked Questions (FAQs)

    Q 1: Is UEZ Markets regulated?
    A 1: Yes. It is regulated by Australia Securities & Investment Commission (ASIC, No. 001300519), and holds a general registered United States National Futures Association (NFA, No. 0554185) license.
    Q 2: Does UEZ Markets offer the industry leading MT4 & MT5?
    A 2: Yes. It supports MT5.
    Q 3: What is the minimum deposit for UEZ Markets?
    A 3: The minimum initial deposit to open an account is just $10.
    Q 4: Is UEZ Markets a good broker for beginners?
    A 4: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions and low minimum deposit requirement on the leading MT5 platform. However, the official website is currently unavailable.

    News

    UEZ Markets Not Giving Back Clients' Funds

    ExposureUEZ Markets Not Giving Back Clients' Funds

    2023-08-22 17:23

    UEZ Markets has drawn attention due to its alleged regulatory claims and a low WikiFX score, as well as complaints regarding withdrawal issues, prompting caution among traders in the realm of online trading.

    WikiFX
    2023-08-22 17:23
    Exposure
    UEZ Markets Not Giving Back Clients' Funds
    Please Be Aware of the risk- UEZ MARKETS

    ExposurePlease Be Aware of the risk- UEZ MARKETS

    2023-08-22 14:36

    A user reported on Wikifx against UEZ Markets that he invested 1000 USD with UEZ. The victim stated in his complaint,

    WikiFX
    2023-08-22 14:36
    Exposure
    Please Be Aware of the risk- UEZ MARKETS
    UEZ Markets Scam Updated: Investor Funds Vanish Amidst Promises

    ExposureUEZ Markets Scam Updated: Investor Funds Vanish Amidst Promises

    2023-08-21 17:49

    A Nigerian investor named Horgan recently revealed his bad experience of falling victim to the UEZ Markets scam. This case has shed light on the perils of entrusting hard-earned money to fraudulent brokers who exploit investors’ trust and aspirations.

    WikiFX
    2023-08-21 17:49
    Exposure
    UEZ Markets Scam Updated: Investor Funds Vanish Amidst Promises
    UEZ Markets Hacked?! Truth or Cover-up?!

    ExposureUEZ Markets Hacked?! Truth or Cover-up?!

    2023-08-21 16:37

    Did UEZ Markets really get hacked or is this just an excuse for the company to withhold traders’ funds for an indefinite period of time?!

    WikiFX
    2023-08-21 16:37
    Exposure
    UEZ Markets Hacked?! Truth or Cover-up?!

    User Reviews

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    User comment

    7

    Comments

    Write a review

    Charles88657
    more than one year
    The website is often unavailable, causing frustration and hindering smooth trading. Moreover, I find the absence of protective measures, such as Guaranteed Funds and Segregated Accounts, concerning. The limited payment options and the fact that UEZ Markets is a relatively new broker raise doubts about its reliability.
    2023-12-08 10:11
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    Archald
    more than one year
    The MT5 platform is user-friendly, and the competitive spreads, along with 1:200 leverage, make trading cost-effective. I appreciate the absence of commissions, and the low minimum deposit requirement of $10 suits my budget. Customer support through email and social media is responsive. Overall, a reliable broker with a solid trading environment.
    2023-12-07 18:41
    Reply
    0
    0
    FX6505975912
    more than one year
    Very good brokerage, it has a managed account that helps me a lot to get good results, so I have time to dedicate myself to doing other things. Membership is free and without monthly fees.
    2023-03-18 21:56
    Reply
    0
    2
    FX1357267361
    more than one year
    A scam happened to me. Invested money, it looked like my broker was making money on my investment but when it came to withdrawing they transferred my funds into blockchain and withdrew back into their account leaving me with nothing.
    2023-03-10 16:25
    Reply
    0
    0
    老索财经
    more than one year
    The black platform created by the original team of FVP foreign exchange funds
    2023-01-29 12:17
    Reply
    0
    0
    洋葱头
    more than one year
    This is the original team of FVP Trade funds that have run away, or the Malay and Singaporean financial scam models.
    2023-01-28 13:33
    Reply
    0
    1
    明日
    more than one year
    I attend uez's annual meeting, no problem 😉🔥
    2023-01-14 03:16
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    0
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