Score
Cyprus
|
10-15 years
| https://www.ubkmarkets.com/en/home
Website
Rating Index
Influence
B
Influence index NO.1
China 5.64
LicensesLicensed Entity：UBK Markets Ltd
License No. 186/12
Single Core
1G
40G
1M*ADSL
Cyprus
eth.link ubkmarkets.com
VIP is not activated.
| UBK Markets Review Summary | |
| Founded | 2017-07-26 |
| Registered Country/Region | Cyprus |
| Regulation | Regulated |
| Market Instruments | / |
| Demo Account | ❌ |
| Leverage | Up to 1:30 |
| Spread | From 0 pip |
| Trading Platform | UBK Markets(Web) |
| Min Deposit | Classic Account: $25/iPA-Manager Account: Not available/iPA-Investor Account: $100 |
| Customer Support | Phone: +357 25 353630 |
| Email: support@ubkmarkets.com | |
UBK Markets is a CYSEC-licensed broker registered as a trademark in multiple countries by Simcord, providing brokerage services for global financial markets. Simcord is a company specializing in the development of software, intelligence, and analytical products for the financial and investment sectors. It uses the iPro Marketplace trading and analytical platform, which includes capital management and financial market analysis.
Cyprus Securities and Exchange Commission(CYSEC) regulates UBK Markets with license number 186/12 and License Type Straight Through Processing(STP), making it safer than unregulated.
UBK Markets offers Classic Account, iPA-Manager Account, and iPA-Investor Account with different spreads, deposits, commissions, and leverage.
| Account Type | Classic Account | iPA-Manager Account | iPA-Investor Account |
| Minimum Spread | 0 pip(Floating) | 0 pip(Floating) | 0 pip(Floating) |
| Commission | 9 USD per 100,000 units of currency | 16 pips | 16 USD per 100,000 units of currency |
| Minimum Deposit | $25 | Not available | $100 |
| Maximum Leverage | 1:30 | Not available | 1:30 |
The spread starts from 0 pip, the commission is from 9 USD per 100,000 units of currency. The lower the spread, the faster the liquidity.
The maximum leverage is 1:30 meaning that profits and losses are magnified 30 times.
UBK Markets provides a proprietary investment management web platform that works with the web platform in universally accessible browsers based on any mobile device.
| Trading Platform | Supported | Available Devices | Suitable for |
| UBK Markets | ✔ | Web | All traders |
The first deposit amount of the classic accounts must be $25. UBK Markets accepts Bank transfers, Skrill wallets, and Bank cards for deposit and withdrawal. Withdrawals are processed within 3 days and transaction fees are charged.
| Payments Methods | Transaction Fees | Processing Time | ||
| Deposit | Withdrawal | Deposit | Withdrawal | |
| Bank transfer | Your bank fee | 45 USD | 1–3 business day(s) | 1–3 business day(s) |
| Skrill wallet | 1% | 1% | Instant | 1 business day |
| Bank card | 2.8 % | — | Instantly | — |
Yes, UBK Markets is a legitimate broker operating under CySEC regulation. From my experience, this regulatory oversight ensures that the broker complies with rigorous standards designed to protect traders, making UBK Markets legit in my eyes. I personally prefer working with regulated brokers, as I feel more secure knowing there are consumer protections in place. However, it’s important to note that being legit doesn’t necessarily mean that all aspects of the service will meet my expectations. I’ve found in the past that some brokers may still have flaws, such as platform issues or slow customer service, despite being regulated. But overall, CySEC regulation is a strong point for UBK Markets, adding credibility and trustworthiness.
UBK Markets offers leverage up to 1:30, which I think is fairly conservative compared to some brokers offering higher leverage. For me, this leverage level is appropriate, especially since leverage can magnify both profits and losses. I always prefer lower leverage as it helps me manage risk better. With 1:30 leverage, I feel more comfortable as a trader, knowing that my trades aren’t overly exposed. However, for more experienced traders, higher leverage may be appealing, so I would like to see more flexible options for those who are more seasoned.
In terms of regulation, the pros of UBK Markets being regulated by CySEC are clear: it provides a safety net for my funds, ensures transparency, and guarantees that the broker follows European financial standards. As someone who places high value on security, I appreciate that my funds are protected and segregated from the company’s assets, which is a core part of CySEC regulation. Additionally, having regulatory oversight makes it easier to resolve disputes. On the downside, CySEC is more focused on Europe, and traders from other regions may not feel as secure. While CySEC is a respected authority, it doesn’t necessarily have a global presence, and I’ve found that some brokers with global regulations (like the FCA or ASIC) offer broader coverage, which may be a better option for traders outside of Europe. Personally, I’m okay with CySEC regulation, but I still wish UBK Markets offered broader international regulatory coverage for those outside the EU.
UBK Markets offers a proprietary web platform that works seamlessly in any browser. While I understand that some traders might prefer more popular platforms like MT4 or MT5, I think their proprietary platform has some unique features, especially when it comes to market analysis and capital management tools. Personally, I’ve tried several brokers offering only proprietary platforms, and while it takes some time to adjust, I’ve found these platforms to be quite functional. However, I do prefer trading on MT4 or MT5, which are more widely used and have a large community and support network. For traders who are used to these platforms, UBK Markets might feel a bit unfamiliar.
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