FOREX is an international currency market, where people buy and sell the main world currencies. Forex is open all day and closed on weekends. That is why it is possible to operate in the early morning, at noon, in the afternoon, in any free time. Here we will discuss why we need a Forex Broker like uBanker.
Starting out on the planet of FOREX trading is not one thing that’s simple for many people. It is a market that needs constant vigilance and a cool head so you’ll overcome the numerous shortcomings associated with its volatility.
Add to it an atmosphere full of Scams and a necessity to investigate Reviews of websites to avoid losing all of your investment.
Why You Need a Forex Broker Like uBanker
Now that you know what the Forex market is, it is time to talk about brokers, as they are the most important tools for traders.
It’s one of the most important decisions you’ll have to make, especially when you’re just getting started.
Let’s start with brokers, more like a specific one: uBanker.
A broker is simply a firm or a person who charges a commission for making buy and sell orders at the request of an investor.
The job of the broker is to be a mediator between the buyer and the seller, and that is exactly why they are so important.
uBanker South Africa is a new Forex broker open to almost everyone. They have a pretty interesting slogan, this is “Take control of your finances, trade like bankers do”.
It is explicitly designed for new traders with little experience in the foreign exchange market. Experienced traders also have the opportunity to join the trading platform. However, some of the features to operators may seem redundant.
Unlike most brokers, Ubanker is presented as an easy trading platform for users who do not have much experience in forex trading.
Below, we will give you information about what Ubanker is, who can benefit and what services are provided by the platform.
Power In Trading Platform Simplicity
There are a variety of Forex trading platforms around the world, bit Ubanker South Africa stands out and differs from the others in its simplicity.
A potential trader can open a uBanker account at $200 and then you can start trading.
The site is available from all operators’ financial instruments of the highest quality.
Many banks, leading investment companies and financial firms around the world support clients. Independent merchants can profit from this important network. Clients can also trade a variety of assets, including commodities, stocks, currencies, and indices.
Actually, uBanker has two trading platforms: web PROfit and mobile PROfit.
Users can operate online using a computer, tablet or smartphone with the Ubanker mobile client. Although today’s online forex brokers offer mobile versions of trading platforms, the uBanker mobile client stands out for its reliability and speed.
The company is registered in Vanuatu and is governed by its jurisdiction (no, they are not regulated by CySEC, as everyone would like to think).
We can’t know if Vanuatu’s registry is totally reliable, so it can be fake too; all they have as a “license” is a screenshot. There’s no record of them in Vanuatu I can find.
Maybe uBanker is no scam, but you might say you’re not picking the best and safest of the best runners out there.
It is very important to be careful about what you do and what steps you take when negotiating. With tighter and tighter regulation between currencies, binary options, and CFDs, many brokers have been trying to appear regulated with misleading information, as has uBanker.
Features Of uBanker
The spreads on currency pairs vary depending on the particular pair and the leverage on Forex is up to 200:1.
The leverage for commerce CFDs is 10:1 in stocks and 100:1 in market indices. Investors ought to become familiar with the danger related to trading CFDs and Forex on margin.
The minimum deposit for a brand new trading account is $200. UBanker trading platform is on the market in English, French, Russian, Arabic, and Spanish.
When you browse the broker’s terms and conditions, you see that the trading volume needed for the bonus withdrawal is 5000 times your minimum deposit and the bonus amount. They are essentially telling you to not settle for any cash bonuses.
Another fascinating feature of uBanker South Africa is that it is interested in educating traders.
Its trading platform offers an academy with an active learning system and courses that provide both reading material and video tutorials. They are on different topics to help you grow. You will learn Forex Fundamentals, charts, Forex trends, trading trends, market reviews, tools and techniques, and other topics.
One of the foremost important things to contemplate once you’re looking into a broker is the monetary background.
If the broker contains a solid foundation on its own, it ought to make you feel that way more confident about operating with them. It virtually guarantees that the firm won’t collapse out of anywhere, goes bankrupt, and take your cash down with it.
uBanker offers precisely this, a solid monetary foundation that you simply will trust.
For Forex trading, the platform is the most significant feature. Traders are only pretty much as good as the trading platforms permit them to be: the better the platform, the better the trader.
uBanker’s trading platform permits you the liberty of managing your accounts with efficiency. It additionally permits you to hold out technical analysis on Forex news.
What’s more, uBanker’s trading platform is very easy and extremely responsive to the fast atmosphere of the Forex market.
This suggests that it stays on top of everything that’s happening and it’s in no time and responsive. this permits you to trade to the best of your ability because everything you wish will be accessible to you.
To do this, you’ll be able to start the demo account that Ubanker offers and see how you’re feeling operating with this broker.