UBK Markets Quick reference
UBK Markets – is a broker that opens ECN accounts for currency trading.
What is ECN? This is a network where large organizations and private traders interact directly with each other without intermediaries. There are many advantages at the interbank market: there are no requotes, there is no brokerage chaos, and there are no restrictions on strategies. However, it is worth mentioning the disadvantages of ECN: additional fees and a floating spread.
UBK Markets It offers not only to trade, but also to earn money on managing accounts without using your money.
UBK Markets summary
Date of foundation. The international broker UBK Markets has existed since 2011. It is part of Simcord. The latter is developing software: the iPro Marketplace, which is used by UBK Markets customers, it is a vivid example.
Location. On the official site ubkmarkets.com, the broker left his legal address: Spyrou Kyprianou 67, Flat / Office 2, 4003, Limassol. Registration number is HE 293861. There are not coordinates of the actual location of management and support.
Contacts. To contact the broker, you can order a call back on the site. You can call by the number + (357) 25 353630 by yourself. For correspondence, the email firstname.lastname@example.org is provided.
Regulation. UBK Markets Ltd received a license from the respectable CySEC (Security and Exchange Commission). Room - 186/12. The broker posted a scan copy of the document on its website.
iPA-system. It will be useful for you to know about the original development of UBK Markets. iPA manages funds using a stream of trading signals. Signals come from traders, the system analyzes them and transfers the best of them to other clients.
UBK Markets offers three accounts to choose.
- Classic account
The deposit with which you can test the broker is $ 25. The financial instrument is Forex, and the account currency is USD.
How does UBC Markets limit customers? The minimum transaction volume is 0.01 lots, and the maximum is 25 lots. The step of change is 0.01 lot. There cannot be more than 100 open positions and 100 pending orders on the account.
Leverage is 1:30, margin call is 60%, stop-out is 50%. UBC Markets allows you to automatically copy strategies and hedging positions.
2. iPA-Manager account
You do not need to put money into this account. There is no leverage either. The manager's task is to prepare trading signals.
A financial instrument is currency pairs. The commission is 16 points, and the spread is dynamic. The minimum and maximum transaction volume is 0.1 lot, for one currency pair it cannot be more than 0.2 lot. The maximum number of open transactions is 36, of pending orders - 100.
Remuneration for work comes from Saturday to Sunday.
3. iPA-Investor account
This account is intended for automatic transactions. iPA-Investor copies the transactions of iPA-Managers.
The minimum deposit is $ 50, the financial instrument is Forex, the commission is $ 16 per 100,000 units of trading currency. The minimum transaction volume and step of change is 0.0001. Maximum amount of simultaneously open positions is 200.
Leverage is 1:30 for major instruments and 1:20 for additional ones. Margin call is 60%, stop-out is 50%.
30% of the profit of the iPA-Investor goes to the iPA-Manager.
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