Note: United Brokers's official website: https://united-brokers.org/ is currently inaccessible normally.
United Brokers is a London-based broker that offers five types of trading tools with leverage up to 1:100, a minimum deposit of $250, and four account types. However, United Brokers is not subject to any regulation.
Pros and Cons
Is United Brokers Legit?
United Brokers is not subject to any regulation. Additionally, United Brokers is registered in the Marshall Islands, a preferred location for fraudulent activities, because of the lack of stringent local laws. If you fall victim to their schemes, you may find it difficult to seek assistance.
What Can I Trade on United Brokers?
United Brokers offers five types of market instruments: foreign exchange, commodities (such as precious metals and oil), stocks, major global indices, and 55 types of cryptocurrencies. However, since United Brokers lacks legal regulation, trading with it poses a high risk of financial loss.
Account types
United Brokers provides four types of trading account: Mini, Standard, Classic and Pro-Invest Account with a minimum deposit requirement of $250, $10,00 $10,000 and $50,000 respectively. The minimum deposit required by United Brokers is quite high in the industry and poses a high risk of losing all your assets.
Leverage
United Brokers offers leverage up to 1:100, which promises high profits but also entails substantial risks. Given that United Brokers is an unregulated broker, you should not trust its claims and avoid trading with it.
Trading Platform
United Brokers only supports trading on its proprietary web-based platform, which offers limited functions. Therefore, you are advised to choose a broker that has obtained permission to use professional and advanced platforms such as MT4/5 or cTrader for investment.
Deposit and Withdrawal
UnitedBrokers supports payments through credit cards such as VISA and MasterCard via the third-party payment provider Betatransfer, as well as Bitcoin or Ethereum payments. However, please note that all cryptocurrency payments are more or less anonymous and irreversible.
Additionally, UnitedBrokers has a stringent rule: if they suspect you of fraudulent behavior, your account will be blocked and all funds will be frozen. Therefore, it is crucial to exercise caution when dealing with this broker.
