21/12/ · UAGTrade’s spreads look competitive on paper, pips average for EURUSD, but they cannot be verified without a real account. A commission of $17/lot is quite excessive, though, and the more acceptable $5/lot commission is only available for the top-tier ECN account which requires a $10, deposit. UAGTrade advertises leverage of up to /5 12/04/ · UAG Trade Asia is a broker that offers trading in Forex, Indices and Commodities – Precious Metals and Energies. They advertise 3 types of accounts – Micro, Standard and ECN. The first two have the same minimum deposit requirement, $10, but differ in terms of spread and commission, while the third one requires higher minimum deposit and offers lower spread UAG Trade - Member Area. Sign Up. Create A Demo Trading Account
However, we also need to point out account uag forex there are many better established and well-reputed brokerages that also offer such low rates. This is also an iffy advantage, account uag forex. The broker claims to offer its clients the MetaTrader 4 platform. The challenge we have seen with this broker is that there is no downloadable version of this software. And since we were unable to register for an account, we could not verify if this broker actually has a working web-based version of the platform.
Here are the reasons why we are not sure that it would be a good idea to trade with UAG Trade Asia:. UAG Trade Asia claims that it regulated by the Securities and Exchange Commission of Cambodia SECC. In Cambodia, where this broker claims it is regulated, the financial regulator can authorize companies account uag forex Derivatives Brokers.
Therefore, we have an online brokerage that provides its regulation details — but no address. This could very mean that we could be dealing with a clone firm that has taken the details of a legitimately regulated company and passed off the information as their own. Another issue we need to point out about this broker being regulated in Cambodia is that the regulations and laws in this country are not very stringent. And this means that your funds would be at risk and you may not get the regulatory support you need in case it does turn out that you have been scammed.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders. UAG Trade Asia claims to offer a demo account, however, when we tried account uag forex access it, it the live account registration page.
So, we do not think that this broker actually offers any kind of a demo account, account uag forex. Now, when we tried to register for a live account, it turns out that we could. This is because there were a number of conditions we were unable to fulfil:. The spreads start at 2. Most brokers strongly regulated ones offer spreads that range from 0.
Furthermore, there is also a commission per lot, which means that the overall cost of trade will end up being rather high if you trade with this broker. While Cambodia has not put restrictions on the leverage ratios that brokers can offer, a leverage of is dangerously high. While such a ratio gives the trader a possible chance at massive returns, it also is severely risky and you could end up in the red. UAG Trade Asia is a bit of a conundrum. While it seems to have its licenses in place, we cannot be sure because none of the trade names are given properly.
And there are other issues that we have found with this brokerage. Therefore, at this time, we would recommend that traders stay away from this broker until there is more evidence to show that UAG Trade Asia is a legitimate brokerage. UAG Trade Asia. Your email address will not be published. Save my name, email, and website in this browser for account uag forex next time I comment. Skip to content. Best Forex Trader Platforms, account uag forex. com Founded: Regulations: Unknown — Possible Clone Languages: English.
User Experience 3, account uag forex. Payment Options 2. Security 2. Support 2. Reputation 2. Pros Low Minimum Deposit Requirements MetaTrader 4 Platform Offered. Cons Questionable Regulation Status Unable to Register for Demo or Live Account High Spreads Dangerously High Leverage Ratios. Should You Invest in Cryptocurrency in ? Betting on Florida Real Estate Could Be a Big Mistake — Business Insider.
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24/03/ · UAGTrade is a forex broker. UAGTrade offers the MetaTrader 4 forex trading top platform. blogger.com offers over 5 forex currency pairs, futures, oil, cfds and precious metals for your personal investment and trading options. Forex Brokers CFD - Contract for UAG Forex. 1 like. A Leading Global Market Trading, Profitable, Transparent, Secure Straight Through blogger.comers: 1 09/04/ · What are the spreads at UAG Trade Asia? The broker advertises spreads as low as pips their homepage, but the account types section reveals that Micro account holders get spreads starting from pips on EUR/USD, which isn’t favourable for blogger.com name: UAG Trade Asia
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