Score

8.20 /10
Good

UBL UK

United Kingdom

Above 20 years

Regulated in United Kingdom

Market Making(MM)

Medium potential risk

B

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Score

Regulatory Index8.06

Business Index9.35

Risk Management Index8.90

Software Index7.25

License Index8.06

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Licenses

VPS Standard
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Single Core

1G

40G

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Broker Information

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Company Name

United Bank UK

Company Abbreviation

UBL UK

Platform registered country and region

United Kingdom

Company website

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UBL UK · Company summary
UBL UK Review Summary
Founded 2001
Registered Country/Region United Kingdom
Regulation FCA (Regulated)
Products & Services Personal Notice Accounts, Fixed Term Deposits, Online Easy Access Account, Fixed Rate Cash lSA, ACE Current Account, UBL UK NetRemit, Safe Deposit Boxes
Trading Platforms Internet and Mobile phone
Customer Support Phone Number:0121 753 6000
Email: enquiries@ubluk.com
Address:RUEE-STYR-XYKE UBL UK 2 Brook Street London W1S 1BQ
Contact form

What is UBL UK?

UBL UK, or United Bank UK, is a subsidiary of United Bank Limited (UBL), one of Pakistan's largest private banks. It operates as a banking institution in the United Kingdom, offering a range of financial products and services to individuals, businesses, and institutions. UBL UK is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, ensuring compliance with regulatory standards and providing a secure and reliable banking experience for its customers.

UBL UK‘s homepage

Pros & Cons

Pros Cons
  • Regulated by FCA
  • Lack for MT4 Platform
  • Multiple Market Instruments
  • Multiple Customer Support Channels

Pros:

  • Regulated by FCA: Regulated by the Financial Conduct Authority (FCA), ensuring adherence to regulatory standards and consumer protection.

  • Multiple Market Instruments: Offers a diverse range of financial products and services, catering to various banking and investment needs.

  • Multiple Customer Support Channels: UBL UK provides various customer support channels including phone, email, address, and contact form, enhancing accessibility and assistance for clients.

Cons:

  • Lack for MT4 Platform: Trading with UBL UK is done solely via internet and mobile phones. Lack for MT4 platform can be a big drawback for this broker, because MT4 is preferred by most traders.

Is UBL UK Safe or Scam?

  • Regulatory sight: Currently, UBL UK is overseen by the Financial Conduct Authority (FCA), operating under a Market Making (MM) License with license number 207381. This signifies that the broker is working within the legal parameters set by the corresponding regulatory bodies.

regulated by FCA
  • 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: UBL UK serves clients in multiple jurisdictions while maintaining the same regulatory standards in each region.

Products & Services

UBL UK presents a diverse array of financial instruments spanning various asset classes to meet the diverse needs of the clients, including:

  • Personal Notice Accounts: Providing flexibility and convenience for clients to access their funds while earning competitive interest rates.

Personal Notice Accounts
  • Fixed Term Deposits: Offering stability and higher returns with predetermined interest rates for fixed periods, catering to clients seeking long-term financial growth.

Fixed Term Deposits
  • Online Easy Access Account: Allowing clients to manage their funds conveniently through an online platform while enjoying easy access to their money when needed.

Online Easy Access Account
  • Fixed Rate Cash ISA: Providing tax-efficient savings options with guaranteed interest rates, ideal for clients looking to maximize their savings within a tax-free wrapper.

Fixed Rate Cash ISA
  • ACE Current Account: Offering a comprehensive banking solution with features such as overdraft facilities, online banking, and debit card access, designed to meet the day-to-day banking needs of clients.

ACE Current Account
  • UBL UK NetRemit: Facilitating seamless and secure remittance services for clients to send money to their loved ones in Pakistan efficiently.

UBL UK NetRemit
  • Safe Deposit Boxes: Providing clients with a secure and private storage solution for their valuable belongings, ensuring peace of mind and security.

Safe Deposit Boxes

How to Open an Account?

  • Open your web browser and type in the URL for the UBL UK homepage.

  • Look towards the right side of the homepage. Specifically, seek out the “Login” button and choose the one you need.

seek out the Login“ button
  • Click on the ''Sign up'' button.

Click on the ''Sign up'' button
  • Follow the on-screen instructions to input your personal and contact details.

  • An email will typically be sent to your registered email address to verify your account. Ensure to check your inbox and spam folders.

  • Click on the link received in the verification email to activate your account.

enter the email address

Trading Platforms

UBL UK offers versatile trading platforms accessible via the internet and mobile phones. Clients can download the UBL UK trading application from the App Store for iOS devices and from Google Play for Android devices. This allows for seamless access to trading functionalities, empowering clients to manage their investments conveniently from their preferred devices, whether they are on the go or at home.

Trading Platforms

Customer Service

UBL UK provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Phone Number: 0121 753 6000

  • Fax:+357 25258039;

  • Email:enquiries@ubluk.com

  • Address: RUEE-STYR-XYKE UBL UK 2 Brook Street London W1S 1BQ

  • Contact form

contact form

Conclusion

In conclusion, UBL UK offers a comprehensive range of financial products and services tailored to meet the diverse needs of its clients. Regulated by the Financial Conduct Authority (FCA), UBL UK ensures compliance with regulatory standards, providing customers with peace of mind and confidence in their banking activities. However, the lack of support for the popular MT4 platform could be considered a drawback depending on individual trader preferences.

Frequently Asked Questions (FAQs)

Q 1: Is UBL UK regulated?
A 1: Yes. It is regulated by FCA.
Q 2: Does UBL UK offer demo accounts?
A 2: No.
Q 3: Does UBL UK offer the industry leading MT4 & MT5?
A 3: No. Instead, it offers platform via internet and mobile phone.
Q 4: Is UBL UK a good broker for beginners?
A 4: Yes. It is a good choice for beginners because it is regulated well and offers various products and services with competitive trading conditions on the internet and mobile phone platforms.

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.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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Dicentry
more than one year
Had an issue with my account this morning and reached out to my account manager at UBL UK. Surprisingly helpful – quick to address my concerns and went on to discuss my trading progress. Also tossed in some decent tips and advice.
Had an issue with my account this morning and reached out to my account manager at UBL UK. Surprisingly helpful – quick to address my concerns and went on to discuss my trading progress. Also tossed in some decent tips and advice.
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2024-01-10 10:32
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