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uBanker
Rating: Rated with 1 star
Binary Option Programs Award
Min. Deposit
$200
Min. Investment
N/A
Regulated Broker
No

uBanker Broker Review

  1. uBanker

    uBanker is an unlicensed broker owned by the company Green Pole LTD which is located at Nicosia, Cyprus. This CFDs broker is licensed by Vanuatu Financial Services Commission with license number 14627. uBanker offers to trade in numerous CFDs types, commodities, stocks and indices. What is important to note for this broker is that South African traders can also trade popular cryptocurrencies like Bitcoin and Ethereum. Read on to find more about this broker.

    uBanker Special Features

    uBanker claims that their professional team is determined to provide all traders with everything they need to become successful traders on the Forex market. In order to do so, they designed the platform supported for beginners and professionals alike.

    Unfortunately, when we tried to find an account supported for our traders, we could not. This means that UBanker doesn’t have any account types based on preference and experience as most other brokers. Minimum deposit with this broker is $200. Maximum leverage info about this broker is 1:200 which means that the leverage ratio is lower than other brokers on the market.

    Also, uBanker offers fixed spreads. This fixed spread of 3 pips is available to all traders who deposit with uBanker. What catches up us while reviewing this broker is the fact that this broker is not accepting customers from Europe. At the beginning that was really strange info, but we understood that this broker is mostly concentrated in South Africa traders. That part of the world also gives the biggest number of visitors to this broker.

    uBanker Trading Software

    When we tried to test the platform with this broker we saw that is is not possible from the EU. As it is stated on the broker’s website, the trading platform was created to be user-friendly and popular among beginners. Also, this platform should provide powerful investment tools that will enhance your profit potential. On the trading platform tab, the uBanker team claims that they committed all their time and knowledge to create this platform as the best option available for South African traders.

    Traders can choose among two different platform types: Mobile PROfit and Web PROfit platforms.

    With mobile PROfit platform South African traders are able to trade ‘on the go’ which means that any place that is supported with an internet connection can be your trading place. This is an opportunity for all the traders that want to trade at any time they choose. The other option for traders is the web PROfit trading platform. To use this platform, traders don’t need to download anything, and they can use it from the comfort of their home at anytime. uBanker claims that this platform is safe and profitable, but we cannot agree since we couldn’t even test it.

    uBanker Support Information

    uBanker chat cannot be contacted from EU which is really annoying but that’s the fact for EU traders. South African traders can contact this broker via email: [email protected] or directly through the contact form on the broker’s website. The working hours for this broker are listed on the info page and they are: 8.00 – 20.00hrs from Monday to Friday. This broker’s telephone number is +27319412939.

    uBanker Payment Methods

    Payment options that uBanker broker listed on its website are wire transfers, debit cards, credit cards, and Skrill-Moneybookers. To invest any money with this broker we advise our traders and readers to check all the information about the possible hidden fees and info about the deposit or withdrawal information.

    Verdict

    This broker is clearly listed on the scam broker list. We do not understand why this broker is licensed by Vanuatu’s financial commission, which, to be honest, does not have a good reputation in the world of forex and online trading options. Our mission is to recommend the best possible option for our traders so we recommend all our South African readers to find regulated and reliable brokers to place their trades.

    Trade with IQ Option instead, the best regulated broker for South African traders!

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