UAG TRADE

General Information & Regulation

UAG TRADE presents itself as a straight-through processing (STP) with a No Dealing Desk (NDD) broker started in late 2015, incorporated in Dubai and regulated by the Securities and Exchange Commission. The broker claims to provide both retail traders and proven fund managers with leverage up to 1:200 and floating spreads from 0.1 pips on the industry-standard MetaTrader4 trading platform, as well as Automatic copy trading on forex.

Market Instruments

UAG TRADE advertises that it offers a variety of trading instruments in financial markets, including over 50 currencies, metals, indices and CFDs.

Accounts

Opening a live trading account requires the minimum initial deposit amount of $50.

Leverage

A leverage ratio of up to 1:200 is offered by UAG TRADE, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads

UAG TRADE claims that the spread on the benchmark EUR/USD starts from 0.1 pips.

Trading Platform Available

Platforms available for trading at UAG TRADE are MT4 for Windows, MT4 for Mobile and MT4 for UAG Trade. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

There is no information on payments at UAG TRADE specified directly on the brokers site. The minimum initial deposit requirement is said to be $50. Traders can withdraw or reinvest with compound interest from $20, each withdrawal costs $5. The deposit and withdrawal requests take a maximum of 72 hours.

Customer Support

UAG TRADE‘s customer support can be reached from Monday to Friday: 8 am–5 pm by email: Support@uag-trade.com, assist@uagtrade.com. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook and LinkedIn. Registered Office: P.O. Box 337188, Office N 706, Jumeirah Bay X2 Tower, Cluster X, Dubai, United Arab Emirates. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.