Note: For some unknown reason, we cannot open USDCs official site (https://usdcgloballimited.com) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
USDC, a trading name of USDC Global Limited, presents itself as a financial company founded in 2018 in the US and registered in the United Kingdom, claiming to provide its clients with some tradable financial instruments with leverage up to 1:200 and floating spreads from 0.1 pips on the MeteTrader5 trading platform.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, minimum deposit, etc.
As for regulation, it has been verified that USDC has a suspicious clone National Futures Association (NFA) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.20/10. Please be aware of the risk.
Negative Reviews
Some traders shared their terrible trading experiences on the USDC platform at WikiFX. They said they were unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.
Market Instruments
USDC advertises that it mainly offers access to cryptocurrency trading. However, more specific information about tradable assets cannot be found on the Internet.
Leverage
A leverage ratio of up to 1:200 is offered by USDC, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
USDCs website claims to offer spreads from as low as 0.1 pips.
Trading Platform Available
USDC claims to give traders the industry-standard MetaTrader5 trading platform. However, the installation file that can be downloaded from the website is configured for another broker – Gib and Capital Group LLC. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
USDC appears to work with cryptocurrencies only.
Customer Support
USDC‘s customer support can be reached by email: support@USDC.com. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Risk Warning
Online trading involves a significant level of 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.
2023-03-02 09:54
2022-12-13 18:16
