Forex Brokers Review

Ubanker – Online Trading

uBanker gives you the power to trade like a banker, from the comfort of your own home. With sophisticated financial tools, used by leading banks and investment firms from around the world, you too can enjoy the freedom and success that was previously unavailable to independent traders.

 

The advertisements that are being run on forex trading have put the wrong ideas into a majority of people’s minds. Those starting out as forex traders believe that they are entering a market where they will get rich quickly and effortlessly. They start trading with extremely high expectations in terms of earnings. However, that is not how it works. To succeed in the forex market requires dedication and consistency.

As a new trader, you cannot just make a few exchanges and then start getting six-figure earnings. Expert traders who get good returns consistently know that they must make numerous exchanges and be patient. In the forex market, there are two possibilities; you can either choose a long-term trading strategy or a short-term trading strategy. There are different advantages to the two approaches. With short-term trading, you will have small profits and small losses. On the other hand, with a long-term strategy, you can invest your money in bigger trades and earn bigger profits, and at times take huge losses.

Those traders who constantly lose their money in the forex market may find themselves blaming the market for their losses and say that the market has been rigged. They also think that those who win are corrupt. This is a very easy excuse to make; nonetheless forex trading is not a scam. Hundred of thousands of individuals from around the globe trade daily on different platforms. Some of the platforms may be run by unscrupulous people and therefore, you may lose your hard-earned cash. When starting out as a beginner, you must acknowledge that once in a while, you make a mistake and end up losing some of your cash. If you failed to plan early enough and or in case you use an overly-optimized trading strategy, you will not be able to quickly adapt to the changing market conditions.

What is uBanker?

uBanker is a Forex and CFDS online brokerage firm that was established in 2017. Over a short period of time since its inception, it has enjoyed tremendous success. The company’s website receives more than 700,000 unique visits each month. Approximately 60 percent of the web traffic is from South Africa, and thus its target market is South Africa. Its website has a very simple design.

Regulation

uBanker is operated and owned by Green Pole Ltd, and the company is regulated by Vanuatu Financial Services Commission (VFSC), and therefore it is correct to say that uBanker is a licensed and regulated forex broker. The process of getting a license for a newly formed brokerage firm is a difficult and time-consuming one. Thus, a majority of broker firms out there run their businesses without a license. These unlicensed companies may mislead investors and claim that they are licensed. This is an unacceptable practice.

uBanker Trading Software

With uBanker, there are two trading platforms that you can choose from as an investor- the Mobile Profit or the Web Profit. These two trading platforms use the PROfit trading software that is suitable for beginners.

Mobile Profit

If you like trading from anywhere and on-the-go, you can download uBanker’s Mobile Platform on your tablet or smartphone. The application is available on Google Play and App Store. This platform allows you to keep up with financial news as you manage your trades on-the-go.  This is very convenient since it will give you the capability to act on the spot and make a trade when a good opportunity presents itself since you will not have to wait until you get home to trade.

Web Profit

This is a web-based trading platform which allows traders to trade with a single click. This platform also allows its traders to follow key industry news and get daily analysis and regular updates. With a web trader, you do not need to download or install anything on your laptop or desktop computer, to access the uBanker web-platform, all you need is just visit the site and login from your browser.

Education

When it comes to trading, getting a good education is very important. Before you start investing your hard-earned cash in the forex market, it is recommended that you first do some research on the forex trading, best strategies, how to read charts, and how to use the different tools at your disposal. A majority of brokers provide free educational material and training tutorials to its members, and uBanker is no exception.  At the company site, you will find information on types of charts, tools and techniques, fundamental trading factors, forex trends and forex fundamentals. It also provides one-on-one personal forex training sections after you have registered.

uBanker Payment Methods

To trade with uBanker, you must make a minimum deposit of $200.  The company accepts numerous deposit methods; these include – Skrill, Wire Transfer, and Credit/Debit card (Mastercard, Visa). The minimum amount that you can withdraw from your account is $50. The same method that you used in making the deposits will be used in making withdrawals.

Pros and Cons of uBanker

Pros

·         Diversified asset collection and solid leverage

·         Good trading platforms for beginners.

Cons

·         No MetaTrader 5 or MetaTrader 4 (the two most popular platforms for forex trading)

 

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