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UBanker

Vanuatu|5-10 years|
Regulated in Vanuatu|Suspicious Regulatory License|Suspicious Scope of Business|Vanuatu Retail Forex License Revoked|High potential risk|

https://www.ubanker.com/home

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Costa Rica 2.58

Surpassed 62.03% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+27 104464226
customer.service.sp@ubanker.com
https://www.ubanker.com/home
https://www.facebook.com/ubanker.official

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+27 104464226

Spanish

+52 5599900412

Broker Information

More

Company Name

Green Pole Ltd

Company Abbreviation

UBanker

Platform registered country and region

Vanuatu

Company website
Facebook

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • VanuatuVFSC (license number: 14627) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

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UBanker · Company Summary

General Information & Regulation

UBanker is the trading name of GREEN POLE Ltd, an online financial services provider registered in Vanuatu, established in 2017, and currently holds an authorized retail forex license in Vanuatu, regulatory number: 14627. Generally speaking, offshore regulators are not that stringent with forex brokers, and investors should use this platform with caution.

Markets Instruments

Tradable financial assets offered by UBanker include Forex currency pairs, commodities, indices, stocks, and CFDs. while some popular assets like crypto currency, as well as energy are missing.

UBanker Minimum Deposit

There appears to be only one standard account set up on the UBanker platform, which has a minimum initial deposit of $200, slightly above the industry standard. In addition, offering only one trading account cannot meet the trading needs and experience of different traders.

UBanker Leverage

When it come to trading leverage, the maximum leverage level is up to 1:200 for forex pairs, 1:200 for commodities, 1:100 for indices CFDs, and 1:10 for cryptocurrency and stock CFDs.

Spreads & Commissions

The spread on EURUSD offered in UBanker standard accounts is 3 pips, which is much higher than the industry standard (between 1.1 and 1.5 pips), and high spreads mean higher trading costs.

Trading Platforms

UBanker offers two in house trading platforms for traders, Mobile PROfit and Web PROfit, instead of the popular MT4/MT5 trading platforms.

Deposit and Withdrawal

UBanker supports traders to deposit and withdraw funds to and from their investment accounts via wire transfer, VISA, MasterCard, Neteller, Skrill, SWIFT, Paysafecard, EFTpay, ecoPayz payment methods.

Customer Support

UBanker provides detailed contact methods for its traders, includng telephone, email as well as live chat support. Traders can also find some related information on its Twitter account.

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User Reviews

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3

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FX1247126402
more than one year
This company has only one Vanuatu regulatory license, and it is well known that these offshore licenses are easy to obtain. And it sucks that I see people say they've been scammed. Thank them for the info, I wouldn't invest here.
2023-02-20 15:36
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❣ོMαyྀྀྀྀ.
more than one year
UBanker has an offshore regulation in Vanuatu. Never put trust in any unregulated brokers if you don’t want to be cheated and lose money.
2022-11-24 15:39
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0
0
梦想2252
more than one year
What can I say? A frustrating scam, an offshore broker… They were established purely to get you money, so shameless people I wonder if there any chance that they could give back my $1,820, who can help me, or give me some advice?
2022-11-24 10:59
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