🔥 Ubrokers test 2021: broker experiences & rating

In 2019 a new online broker was founded with Ubrokers. So if you want to improve your monthly earnings with stocks, crypto currencies or raw materials, you should definitely take a closer look at the broker's program. Especially when you are interested in new faces on the market.

Since this is a very young broker, it is important to check in advance how safe the trader is when deciding on this provider. Because the advantage of the long-standing broker on the market is missing here - there are hardly any experience reports or activities of the provider over long periods of time.

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Ubrokers Brief Overview - The key facts about Ubrokers

• Founded in 2019
• It is an online broker based in Greece
• The broker is regulated by the Greek Financial Market Commission
• Trading is offered via the MetaTrader 4 platforms and the in-house Ubrokers platform
• Available currencies, stocks, commodities as well as crypto currencies and ETFs such as indices

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Registration with the broker Ubrokers: Our step by step guide

In order to be able to use the services of Ubrokers, it is necessary to register in advance. It should be noted that an account can be opened without much effort.

1. Registration with Ubrokers 

On the home page, the trader will find the "Register" button in the top right corner. You will then be forwarded to the registration form. A few personal data must be entered here: first and last name, email address and telephone number. Once you have filled in the empty fields and sent the registration form, an email will be sent to the address provided. A login ID and a password can then be found in the email.

Subsequently, the trader must fill out a questionnaire so that Ubrokers can find out what the level of experience is like. That means, Ubrokers very much want to know whether it is a rather inexperienced trader or a professional. It should be noted that it does not matter what information is provided here - Ubrokers would not refuse access if the trader states that they have not yet had any experience.

2. Verification

No verification is required during the registration process, but only when you want to withdraw money from the Ubrokers account for the first time. In this case, the user must then submit a document to confirm his identity. This can be an identity card or a passport. In order to be able to prove the place of residence, it is necessary to submit a current consumption bill - this could be an invoice from a water or electricity provider. It is important that the name and place of residence of the trader are on the invoice.

3. deposit

Please note the minimum deposit - this is 250 euros. Larger amounts are possible, but should not be paid in at the beginning. It is important that new users in particular first look at the broker's services and then decide for themselves whether they are satisfied with the offer or whether they can celebrate successes. Only then is it advisable to pay in larger amounts. Ubrokers accepts a deposit by credit card, whereby the account can also be topped up by traditional bank transfer.

Note: The minimum deposit, which is 250 euros, is customary in the industry - as a rule, all online brokers require such a high minimum deposit.

4. Trading on the platform 

If the minimum deposit has been made, the broker's services can then be used.

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What is Ubrokers Broker? The history of the broker

Ubrokers is one that was founded in 2019 Online Broker. The broker is based in Greece. Behind the platform is Capital Securities SA - a Greek investment company that is checked by the Hellenic Financial Market Commission (license number: 2/11 / 24.5.1994). Capital Securities SA is headquartered in Athens. The services of the investment company or broker are offered in the pan-European economic area - with the exception of Belgium and Switzerland. That is also the reason why the website is available in a wide variety of languages ​​(a total of eight languages ​​- including German, English, French and, of course, Greek).

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Our Ubrokers experience: The Ubrokers conditions in the test

In order to be able to make a statement as to whether it is a reputable broker that is recommended, it is necessary to take a look behind the scenes.

Trading at Ubrokers: The offer of the individual trading instruments in the test

Ubrokers offers what is known as leverage trading. A maximum leverage of 1 in 30 is available for private customers - this is because the leverage effect is specified by ESMA. The business customer has a maximum leverage of 1 in 400 available. Particularly noteworthy is the cost calculation tool. Here the trader can calculate the cost of the business and how high the profit will be if he decides on a certain currency pair.

In total, there are more than 200 markets available for the trader to invest in. There is the possibility to trade or speculate with currencies (Forex), stocks like stock indices, in ETFs, commodities like crypto currencies.

Trading stocks & ETFs

The top stock corporations such as ETFs are available here. If you like to speculate on price developments and want to deal with Facebook, Apple and Co. or prefer to deal with indices, for example the DAX, the German stock index in which the 30 strongest stock corporations in the Federal Republic of Germany are listed, you will find it here definitely get their money's worth.

Trading Forex

All those who enjoy working with majors will surely find the right currency pairs for themselves here. But minor currencies such as exotic species are also represented.

Trading in raw materials

The commodities sector includes gold, sugar such as silver and palladium. Ubrokers scores with a fairly wide range of raw materials - and that is not a matter of course, as the raw materials often only play a subordinate role with some online brokers.

Trading in cryptocurrencies

The sector of the crypto currencies. Bitcoin is of course available, but also Altcoins such as Litecoin or Ether.

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The functions of the Ubrokers trading platform

Ubrokers makes two versions of trading platforms available to traders. There is the Ubrokers Webtrader Platform and MetaTrader 4 - MT4 for short. Both platforms are also available as apps, so that trading can also be carried out using mobile devices.

The web trader platform from Ubroker scores especially with beginners. Because here you can use the basic functions in a completely uncomplicated and problem-free manner. It should be noted, however, that there are few tools that can be used for technical analysis.

MetaTrader 4 is ultimately the platform par excellence - MT4 is a third-party app that has been very popular for years. Countless functions are made available to traders here. This is also the reason why experienced traders and professionals alike like to use MT4.

The fact is: Both platforms score - independently of each other - with tools that are definitely helpful in order to be able to participate successfully in trading. In addition, both platforms are very clear, although, to be fair, it must of course be mentioned that traders who have always worked with MT4 up to now will have to accept a certain change when they then have to do with the web trader platform.

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Ubrokers account types

Ubrokers offers a total of four account types. It should be noted that there are serious differences here - from the minimum deposit to the spreads. For this reason, it is important to clarify for yourself in advance what is important to you. For beginners, there is ultimately only the basic account left - this is because the other account models require a minimum deposit amount (much too high for beginners). This means that Ubrokers makes it clear from the start that they want to leave the “Gold”, “Platinum” and “VIP” account models only to professionals.

The basic account

• The minimum deposit is 250 euros
• EUR / USD = 2,8 pips
• USD / JPY = 3 pips
• GBP / USD = 3,1 pips
• Crude Oil = 0,12

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• There is a free basic lesson
• However, there are no webinars
• The trader receives an SMS alert twice a day
• The Trading Central is available
• The trader is provided with daily news
• A free withdrawal is included

The gold account

• The minimum deposit is 25.000 euros
• EUR / USD = 2,5 pips
• USD / JPY = 2,7 pips
• GBP / USD = 2,8 pips
• Crude Oil = 0,11

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• There are two free basic skills lessons
• A monthly webinar
• The trader receives an SMS alert twice a day
• The Trading Central is available
• The trader is provided with daily news
• A free withdrawal / month is included

The platinum account

• The minimum deposit is 100.000 euros
• EUR / USD = 1,9 pips
• USD / JPY = 2,1 pips
• GBP / USD = 2,2 pips
• Crude Oil = 0,10

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• There are three free advanced lessons
• Two monthly webinars
• The trader receives an SMS alert four times a day
• The Trading Central is available
• The trader is provided with daily news
• Three free withdrawals / month are included

The VIP account

• The minimum deposit is 250.000 euros
• EUR / USD = 1,4 pips
• USD / JPY = 1,6 pips
• GBP / USD = 1,7 pips
• Crude Oil = 0,08

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• There are five free advanced lessons
• Five monthly webinars
• The trader receives an SMS alert seven times a day
• The Trading Central is available
• The trader is provided with daily news
• There are no withdrawal fees

A demo account can also be opened. The trader can then use the broker's services with a virtual credit. The virtual capital amounts to 100.000 US dollars. Particularly recommended for beginners who want to try out the services of the online broker in advance without risk.

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The Ubrokers app

As already mentioned above, both platforms are also available as an app for the mobile device - i.e. for the tablet and / or smartphone. The apps run on iOS and Android devices. Thus, the trader can pursue the trade or access his account on the go.

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The deposit methods at Ubrokers

As already mentioned, Ubrokers prescribes a minimum deposit - depending on the selected account model. For the basic account, that's 250 euros - to use the VIP account, for example, a deposit of at least 100.000 euros must be made. However, there are no deposit fees. Withdrawal fees are charged when the free portion, which depends on the selected account model, has been used up (exception: VIP account - there are no withdrawal fees here).

A fee of 3,5 percent is charged for withdrawals to the credit card. If you opt for bank transfer, the withdrawal fee is 30 euros.

The following deposit options are accepted by Ubrokers:

• Bank Transfer
• Credit card
• online Banking
• E-Wallets

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Security with Ubrokers

Anyone who wants to trade stocks, commodities such as cryptocurrencies knows that there is a certain risk. However, it must be clarified whether there is only a typical market risk or whether a “danger” can also arise from the broker. This means. Online brokers that are not regulated, for example, always represent a certain "danger" - because how should the trader know that the provider is reputable?

Regulation of Ubrokers

For this reason, it is important to always make sure that you are dealing with a regulated provider. Ubrokers is regulated. Regulation is carried out by the Hellenic Capital Commission (HCMC for short) - the Greek authority for financial services. It should be noted that the regulation naturally corresponds to the standards of the European Union, so that the broker can offer its services within the EU.

Deposit insurance from Ubrokers

Customers' money must be kept separate from the broker's assets. Since the broker is regulated, on the one hand the statutory deposit protection applies and on the other hand it is guaranteed that the customer's money is not stored together with the business assets. This means that in the event of a bankruptcy filing, the customer's money remains their property and is not automatically added to business assets.

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Ubrokers customer service

The fact that Ubrokers offers German-speaking customer service is an advantage. Support is available either by phone, email or via live chat. The employees of the online broker are competent and friendly and ensure that the customer's questions are answered as quickly as possible. Furthermore, the employees are also available for suggestions or improvement requests.

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Ubrokers Terms: Fees & Costs

But what does the fee model created by Ubrokers look like?

spreads

The spreads depend on the selected account type. That means, depending on the account model, there are different conditions.

fees

In the course of trading activities, trading fees become due - the spread. This is the difference between the buying and selling prices. As mentioned above, this depends on the selected account type. Furthermore, there are financing fees if you keep positions open overnight. Ubrokers also charges an inactivity fee if the account remains idle for more than a month. The inactivity fee is 80 euros.

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Experiences and user opinions about Ubrokers on the Internet

On the Internet you can find some experience reports about the online broker. It should be noted that the majority of the reports to be found are positive, however. Ubrokers scores with a fair fee model and a wide range of trading instruments. Even if it is a very young online broker, Ubrokers can convince.

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Is Ubrokers Scam or Reputable? Our Ubrokers rating

Ubrokers is a Greece based online broker regulated by the Greek Financial Services Authority. Thus, it is a serious provider.

Cons of Ubrokers: What Did We Dislike?

It should be noted that Ubrokers charges withdrawal fees or only allows a certain number of free withdrawals, unless you opt for the VIP account. Furthermore, only a few deposit methods are accepted.

Advantages of Ubrokers: What did we like

At Ubrokers, the advantages clearly outweigh the odds. An essential point that speaks for the online broker - it is regulated. This means that the HCMC, the Greek supervisory authority, ensures that no fraudulent or dubious machinations such as intentions are pursued here.

Ubrokers also scores with German-speaking customer support. If you look at the market, this is not something that can be taken for granted. As a rule, the online brokers only offer English-language support.

Ubrokers impresses with four account models, although to be fair it must be said that ultimately only the basic account can be recommended to a beginner. The other account models fall out of line here, as a (too) high minimum deposit is required.

In addition, a free demo account is available so that beginners can try out the various functions completely safely at the beginning.

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Ubrokers Experiences: Frequently Asked Questions about the Broker

What is Ubrokers?

Ubrokers is an online broker. The broker is based in Greece. The broker has been around since 2019.

Is Ubrokers a Recommended Broker?

If you are of the opinion that Ubrokers fulfills the personal expectations that you have of an online broker, Ubrokers can very well be described as recommendable.

Will I be able to trade successfully with Ubrokers?

Yes. The platforms made available by Ubrokers score with many helpful tools, so that with the right strategy, high profits can be possible.

How is the test and the experience of Bitcoin-news.one about Ubrokers?

Ubrokers may be a new and in part still rather unknown broker, but it is convincing - above all, Ubrokers is also an ideal provider for professionals.