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UAG TRADE ASIA

Cambodia|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://uagkh.com/index.php/

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Contact

https://uagkh.com/index.php/

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

UAG TRADE ASIA Co., Ltd

Company Abbreviation

UAG TRADE ASIA

Platform registered country and region

Cambodia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-02-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CambodiaSERC regulation (license number: 014/SECC/SB) claimed by this broker is suspected to be clone. Please be aware of the risk!

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UAG TRADE ASIA · Company Summary

General Information & Regulation

UAG TRADE ASIA is an STP trader established in 2015 to provide trading services to retail clients and fund managers. UAG TRADE ASIA was registered in Cambodia in 2019 and holds a derivatives license authorized by the Securities and Exchange Commission of Cambodia (License No. 014/SECC/SB).

Market Instruments

UAG TRADE ASIA offers traders a wide range of popular tradable instruments, mainly Forex, Precious Metals, Energy, and Index CFDs.

Minimum Deposit

To meet the investment needs and trading experience of different investors, UAG TRADE ASIA offers three different trading accounts, namely Pro Accounts, Executive Accounts, and Premium Accounts. UAG TRADE ASIA requires a minimum deposit requirement of $100 as a start.

UAG TRADE ASIA Leverage

With regard to trading leverage, UAG TRADE ASIA provides up to 1:1000 in leverage, and such levels are overly risky for traders.

Spreads & Commissions

For the UAG TRADE ASIA Pro account, the minimum spread is 1.0 pips, with a commission of 1.7 pips per lot. For the Premium account, spreads start from 1.0 pip, with a commission of 3.0 pips per lot.

Trading Platforms

UAG TRADE ASIA provides traders with the market-leading and popular MT4 trading platform, as well as MT4 Desktop and MT4 Mobile versions. MT4 is the most commonly used and popular trading platform for forex trading, with three main functions of market reports, technical analysis, and order trading, which are fully functional and easy to follow. The MT4 trading platform offers dozens of charting tools, trading session charts, options, and popular international indicators to analyze the market with ease and ensure that traders get the most out of it in the first place.

Deposit & withdrawal

UAG TRADE ASIA supports users to deposit and withdraw funds via direct bank transfer. The minimum deposit is $100, USD & KHR is accepted. Deposits are credited within a maximum of 24 hours, and withdrawals are processed within 1 to 3 business days. UAG TRADE ASIA does not accept third-party payments and does not charge any fees for traders' deposits and withdrawals.

UAG TRADE ASIA Pros & Cons

UAG TRADE ASIA advantages include:

1.Three types of accounts to choose from

2. MT4 trading platform

UAG TRADE ASIA Disadvantages include:

1.Not subject to formal regulation

2.Higher spreads & commissions

3.Fewer deposit and withdrawal options

4.No educational resources

5.No 24/5 or 24/7 customer support available

User Reviews

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2

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randy34134
more than one year
I would highly recommend however if they can fix the issue of GBPUSD pair closing itself without a stop loss put in place. I also found another strange point is that spreads I traded in real trading activities were not so low as they claimed, and they said it is normal due to valotile markets. I don’t know how to say, but I am considering leaving here and finding another broker.
2023-03-23 09:45
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郭公子港美股IPO
more than one year
Disgusting cloned broker! They tried to defraud me, but failed. I really don’t know why they pop up again and again, they should go hell!
2023-02-13 18:39
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