Ubanker: Review of the Online Forex Broker

ubanker forex trading platformUbanker is a new and promising Forex trading platform open to just about everyone. Their tagline is “trade like bankers do.” Unlike most Forex trading sites, Ubanker is being billed as an easy-to-use platform for users are not awfully experienced in currency trading. This review will examine what Ubanker is, the services provided, and who might be able to benefit from the platform.

Ubanker At-a-Glance

Ubanker facilitates currency trading around the world for independent traders with a computer and an internet connection. Ubanker operates in a small corner of a massive currency trading market. People with at least some experience in trading will know that the Forex market can be incredibly complex to navigate, especially if the trader is either new or independent. Ubanker contacts Forex traders on behalf of the customers, so customers can proceed with making a trade easily.

There are many Forex trading platforms out there. Ubanker stands out for its simplicity. A potential trader can open an Ubanker account with as little as $200 and proceed to make trades. The site makes state-of-the-art financial instruments available to all traders. All traders are backed by leading banks, financial firms, or investment companies located around the world. Independent traders can immensely benefit from this significant network. Customers can trade a variety of assets as well, including currency, commodities, indices, and shares.

Ubanker actually has two trading platforms: mobile profit and web profit. You can trade online using a computer, or on the go using a smartphone or a tablet with the Ubanker mobile client. While it’s standard these days for online Forex brokers to offer mobile versions of trading platforms, Ubanker’s mobile client stands out for its speed and reliability.

Ubanker has an interesting motto as well:“Take control of your finances. Learn to invest like bankers do.” This motto is aimed directly at independent traders, who do not want to feel bogged down by the overly complex systems at traditional trading platforms and banks. It’s clearly designed for new traders with little experience in the currency market. It is definitely this group that will mostly reap rewards from Ubanker. Experienced traders can also try the platform. However, some of the features intended for new traders may seem redundant.

Services and Features

Ubanker has a highly user-friendly website that is really a breeze to navigate through. Everything is easy to understand. It’s speedy and simple to open an account. Interested traders can open an account for free without credit card hassles. Here are several features that Ubanker offers that really stand out:

Live Chat Support

Independent traders will certainly appreciate the live chat support the website offers. Live chat is directly available from the website, even if you navigate away from the homepage. The chatbot provides detailed and informative answers to common questions. It’s a really neat tool to have at hand when you are new to the platform.

All-Day Customer Support

Interestingly enough, Ubanker offers 24/6 customer support in addition to the live chat. Customer support is available on all business days of the week and at all hours. That’s a major perk for traders who will be in different time zones. The customer support service option is highly useful when a trader has a query too complicated for the chatbot. Ubanker makes an entire team of customer service reps available for each trader. This team includes traditional support agents, as well as personal account managers and trainers. New traders will definitely appreciate the availability of account managers and trainers. It’s hard to find other Forex trading sites that offer this level of comprehensive customer support.

Investment Protection

Ubanker also offers a limited amount of protection for new traders. Namely, the site offers full protection for the first 15 trades a newcomer makes on the platform. The main reason Ubanker offers this unbelievable perk is to allow new customers to understand tools and services of the platform without risking any losses. If a new customer loses any money on any of the first 5 to 15 trades, Ubanker will issue full returns to the customer’s trading account. Customers that do make profits get to keep them. This is is one of the main reasons why Ubanker is highly recommended for new traders. Not only is Ubanker easy to use, new traders can also hone their craft without suffering any losses.

Additional Support for Inexperienced Traders

Ubanker offers support and tools, especially for inexperienced users. Potential traders do not need to have sophisticated financial knowledge to start trading. The platform still makes powerful Forext tools available. But new users can turn a profit without knowing how to use these tools right away.

Personal Account Manager

Ubanker incredibly offers a personal account manager for each new account. The personal account manager provides support and assistance for independent traders to set up an account and maintain it. Also, inexperienced users can rely on the account managers to learn about how to trade on the platform and how to use the various financial tools made available. Not only do the account managers provide customer support, they also keep traders updated on the latest news and trends in the Forex market. And this service is included in all accounts. Customers don’t even have to pay extra for the account manager.

Safety and Regulations

Safety, privacy and online protection are incredibly important to modern online Forex trading. Ubanker takes all three seriously. The broker explicitly states the types of protection the platform offers to all clients. Ubanker has reasonable trading and market conditions that prioritizes client protection. For example, Ubanker automatically closes all trading positions if a customer’s account balance reaches zero. This practice, known as margin liquidation,protects customers from trading with a negative balance.

Ubanker operates without a slippage policy, so all spot trades are made at the quote the client provides during regular sessions. However, when the markets become volatile, Ubanker offers fixed spreads for buys and sells. Ubanker also offers safe payment methods for deposits and withdrawals. All transactions are secured with the highest available standards.

The platform offers eTrust privacy protection for all customer data. All data transactions are encrypted as well.

Verdict

Is using Ubanker actually worth it? It very much is if you are an independent Forex trader, or at least hopes to be one. The platform is speedy, versatile, and is designed for newcomers. Perks like personal account managers are hard to pass by. The platform allows traders to start bidding with as low as $200, which is great for low rollers. Ubanker’s client protection efforts are admirable as well. It’s a safe and user-friendly trading platform that is worth checking out.

35 thoughts on “Ubanker: Review of the Online Forex Broker

  1. Start and account with just $200? This sounds great for noobs. Maybe not for the pros but newbies could get something out of this.

  2. This is a new site and it’s really geared towards the new and the independent. This review puts out the basics of the site and it looks good.

  3. I’m pretty new to Forex trading. I’ve been looking for an online broker just like this. Will check out if it’s easy to use as the review suggests.

  4. I already have a Forex trading online platform that I use. I’ve been looking for something with more protection because of all this hacking stuff. Ubanker seems promising in this sense. They offer customer protection for low balance too. Hmm.

  5. Online Forex trading sites are notorious to navigate, especially when not associated with a bank. I really appreciate that this site has multiple customer support outlets. The live chat is really useful. I’d say it’s worth exploring more.

  6. I checked out the site after reading the review. Wanted to see if it’s as good as the article says. The site is definitely fast and the phone app doesn’t lag either.

  7. Ah, margin liquidation protection. That’s a good sign that the trading site is good. Thanks to the review for mentioning that.

  8. I’m an independent trader and I’ve use several Forex trading sites in the past couple of years. Most of them have had problems with software. There are occasional bugs and some are just hard to use. This site ubanker is the first I’ve seen with a simplified trading software. I don’t know much about it yet but will be checking it out.

  9. The app login on tablet originally was laggy but I think they have taken care of it since. Not so bad otherwise I like all the client support stuff they have.

  10. I tried both app and the site. I prefer the app more, probably cuz I’m always on the move. It’s only been three days using this new thing and I’m getting used to it.

  11. I tried to contact a personal account manager as mentioned in the review but went to live chat instead. It’s a bot but they were good answering questions.

  12. A South Africa trading platform. Finally. A resident from Johannesburg here. I love the fact that this is local. It makes things very convenient for us South Africans.

  13. Some people may be confused because Ubanker is relatively unheard of in the Forex trading world. That’s because the company is young. They do have a good protection policy so it’s worth checking out.

  14. Data protection is really important these days when using online sites. So it’s pretty neat that this site has the e-trust seal.

  15. I used this from South Africa and it worked wonderfully. I think it’s a great option for Africans who don’t have many legitimate sites to choose from.

  16. Before using any Forex trading site always check the business address. It’s not listed on this review so I recommend checking it out on their official site.

  17. I recommend doing a demo account first because after using this site for several days, I got an error message saying my account is out of configuration or something.

  18. While I did want to start trading currencies, I didn’t have a lot of capital to start with. So, it was nice to see a platform that would let me activate an account with such a low deposit. What’s more, I get to enjoy a great platform and reliable trading techniques. I really would recommend Ubanker to anyone.

  19. Forex trading has always been a part time passion for me which is why I was so pleased to find that Ubanker offers a mobile platform as well. Even when I am on the move and can only trade from my smartphone, and still be able to place trades without any problem at all.

  20. There are a lot of independent reviews on Ubanker, including this one. This usually means that the platform is trustworthy enough to start trading on. At the very least, the customer service features seem to be quite good here, which is always a nice touch with online brokers.

  21. I have always found it tough to trust Forex platforms thanks to all of the scams out there. However, after doing my research on Ubanker, I decided to go ahead and give it a try. I was definitely not disappointed as the platform provided me with all the tools I needed to make successful trades.

  22. As someone who is just dipping their toe into Forex trading, I am looking for a platform that is easy to use and is going to offer me the support that I need. From what I can see here, it seems like Ubanker is a good place to start…

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