UBK Markets - Overview of Leverage, Spreads

Who is the UBK Markets？

UBK Markets is a broker offering Forex and social trading services, regulated by the Cyprus Securities and Exchange Commission CySEC (License No.186/12). The only trading instruments with this broker are fiat currency pairs. Nowadays a lot of companies are providing CFDs on indices, commodities and more recently even cryptocurrencies.

Leverage

UBK Markets offers its customers to use the leverage of up to 1:30. That will be enough for most traders but not for professionals who often trade with the leverage of up to 1:500 working with other companies. It seems that UBK Markets only offer one account called the Classic account, with the minimum deposit of 25 USD, which is quite affordable for most regular investors.

Spreads & Commission

UBK Markets claims to provide variable spreads, while the lowest possible spread is 0 pip. The broker does not specify spreads on assets. However, the company gives information on commission, $9 per trading lot, which means that the broker's spread starts with 0.9 pip.

Deposits & Withdrawals

UBK Markets accept payments methods of depositing and withdrawing funds, including bank transfer, Skrill wallet (with a deposit & withdrawal fee of 1%) , and bank card ( with a deposit fee of 2.8%).