Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.
Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.
What is USK MARKETS？
USK Markets, also as USK Markets Group Ltd, is a broker based in China. It currently holds a suspicious cloned regulatory license by NFA.
Pros & Cons
Pros:
No Commissions: USK Markets provides a commission-free trading structure, which can significantly reduce the cost of trading for active traders and those new to the markets.
MT4 Supported: The platform supports MetaTrader 4 (MT4), one of the most popular trading platforms in the world. MT4 is favored for its advanced charting tools, automated trading capabilities, and user-friendly interface.
Cons:
Is USK Markets Legit？
Regulatory Sight: USK Markets is flagged as a “Suspicious Clone” by NFA (National Futures Association), which presents potential issues with its legitimacy and authenticity. It holds a Common Financial Service License. Its license number is 0508712. This suspicious regulation raises concerns about its authenticity and compliance with established regulatory standards.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: Spotpromarkets uses segregated accounts to manage client funds. In this way, clients' money is kept separate from the company's operational funds. Segregating accounts is a standard practice in the finance industry, designed to protect client assets by ensuring that these funds are not used for any operational expenses or investments by the brokerage.
Market Instruments
USK Markets offers a certain range of market instruments. These include:
Forex (Foreign Exchange): Forex trading involves the exchange of one currency for another, and it is the largest and most liquid market in the world. Traders on USK Markets can participate in trading major, minor, and exotic currency pairs.
CFDs (Contracts for Difference): CFDs allow traders to speculate on the rising or falling prices of fast-moving global financial markets or instruments such as shares, indices, commodities, currencies, and treasuries.
Precious Metals: Trading in precious metals such as gold, silver, and platinum is popular among traders looking to hedge against inflation, currency devaluation, and market volatility. Precious metals are often viewed as safe-haven assets during times of economic uncertainty.
Crude Oil: Crude oil trading is another staple offered by USK Markets, allowing traders to speculate on one of the most important commodity markets globally.
Stocks: Stock trading involves buying and selling shares of publicly traded companies.
Indices: Indices trading on USK Markets allows traders to speculate on the performance of a specific index, which is a collection of stocks representing a particular segment of the market.
Leverage
When trading commodities such as precious metals (e.g., gold, silver) and crude oil, USK Markets offers leverage of up to 50:1. For trading indices, USK Markets provides even higher leverage of up to 200:1. The higher leverage for indices allows traders to take larger positions and potentially benefit from even small movements in index prices. However, the high leverage also significantly increases the risk of substantial losses, making it crucial for traders to employ effective risk management strategies.
Spreads & Commissions
USK Markets offers a commission-free trading structure, which can be very cost-saving, since traders do not have to pay a broker fee for each trade they execute. USK Markets does not charge any handling fees, either. This feature can be more profitable for frequent traders.
USK Markets also claims to offer competitive low spreads on its official website, however, it does not provide any detailed information on it, so we are not sure about what spreads it exactly provides.
Trading Platform
USK Markets offers its clients access to the MetaTrader 4 platform, a widely recognized and trusted trading platform in the industry. This platform allows users to execute trades, analyze markets, and manage their accounts efficiently. Users have the flexibility to access the platform directly from a web browser, making it convenient for trading on the go. Additionally, the MetaTrader 4 platform is available for desktop users who prefer a more comprehensive trading experience. It also supports mobile trading, enabling users to trade seamlessly from their Android or iOS devices, providing flexibility and accessibility to the markets anytime, anywhere.
Customer Support
USK Markets offers several customer support channels. Clients can access immediate assistance through telephone support at +86 4008017228, ideal for urgent inquiries and direct communication. For detailed questions and issues requiring documentation, email support is available atsupport@uskmarketsgroup.com. Additionally, the presence of a physical office at RM2705, Building 2, Block Yi, #8 Hong Kong Middle Road, Shinan District, Qingdao City, Shandong Province, China, which provides added credibility and a point of contact for in-person support or complex issues.
Frequently Asked Questions (FAQs)
Question: Is there a commission charged？
Answer: No.
Question: Does USK Markets support MT4/5？
Answer: Yes, it supports MT4.
Question: Is USK Markets regulated？
Answer: Yes, it is currently regulated. However, its regulatory license is suspected to be a clone.
Question: What is the maximum leverage it can provide？
Answer: The maximum leverage provided by USK Markets is 1:200, which is for index trading.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
