UNITRADE MARKET Spreads, leverage, minimum deposit Revealed

Overview of UNITRADE MARKET

　　Unitrade Market is a brokerage firm that offers trading services to clients worldwide. With a diverse range of financial instruments, including forex, stock indices, commodities, bonds, cryptocurrencies, and stocks, Unitrade Market provides traders with various opportunities to engage in the financial markets. The broker operates through the cTrader platform, which is available on different devices, ensuring accessibility for traders.

Is UNITRADE MARKET legit or a scam?

　　UNITRADE MARKET is registered with the Financial Conduct Authority (FCA) in the United Kingdom under a Common Business Registration. The regulatory status is listed as Exceeded, and the license number is 16089179.

　　Pros and Cons

Market Instruments

　　Unitrade Market offers a diverse range of trading instruments to cater to the needs of its clients. These instruments encompass various financial markets and asset classes, providing traders with a wide array of options to choose from.

　　Account Types

　　Unitrade Market offers a single account type known as the Standard Account. To open a Standard Account with Unitrade Market, a minimum deposit of $50 is required. This low entry requirement allows traders with different budget sizes to access the financial markets and start trading. However, it is important for traders to carefully consider their risk tolerance and trading strategies before depositing funds into their accounts.

　　In terms of leverage, Unitrade Market offers a maximum leverage of 1:200. Leverage allows traders to control larger positions in the market with a smaller amount of capital. A leverage ratio of 1:200 means that for every $1 of capital in the account, traders can control a position worth up to $200. It is essential for traders to understand the risks associated with leverage and use it responsibly, as it can amplify both potential profits and losses.

How to open an account?

　　Opening an account with Unitrade Market is a straightforward process. To begin, prospective clients need to visit the Unitrade Market website and navigate to the account opening section. The following steps outline how to open an account:

1. Registration: Click on the “Start Trading” button on the website. This will direct you to the account registration page.
   
2. Personal Information: Provide the required personal information, including your full name, email address, and password. It is important to ensure accuracy when filling out this information.
   
3. Account Type: Select the desired account type. Unitrade Market typically offers a Standard Account, which caters to a wide range of traders.

　　4. Funding the Account: Once the account is successfully opened, proceed to fund the account. Unitrade Market provides two funding options, including bank transfer and QR code. Select the preferred payment method and follow the instructions to deposit funds into your trading account.

　　5. Trading Platform: Download and install the trading platform provided by Unitrade Market, which is CTrader. This platform allows you to access the financial markets and execute trades.

　　6. Start Trading: With a funded account and the trading platform set up, you are ready to start trading. Familiarize yourself with the platform's features, perform market analysis, and execute trades based on your trading strategy.

Leverage

　　Unitrade Market offers a maximum trading leverage of up to 200. Leverage is a financial tool that enables traders to control larger positions in the market with a smaller amount of capital. With a leverage ratio of up to 200, traders can potentially amplify their trading positions by a factor of 200.

　　While leverage can enhance trading opportunities, it is crucial for traders to exercise caution and understand the associated risks. Higher leverage amplifies both potential gains and losses, and traders should be prepared to manage their risk accordingly. It is advisable for traders to carefully assess their risk tolerance, set appropriate stop-loss orders, and implement sound risk management strategies when utilizing leverage.

Trading Platform

　　Unitrade Market provides traders with their trading platform, CTrader, which is available on multiple devices, including iOS, Android, and Windows PC. Through this platform, users can buy and sell global assets on Forex, Metals, Oil, Indices, Stocks and ETFs.

Deposit & Withdrawal

　　Unitrade Market provides two options for deposit and withdrawal: QR code and bank slip.

1. QR code:

　　For deposits and withdrawals using QR code, the minimum amount is $5.00, while the maximum amount is $200,000.00. The exchange rate for this method is 1.00 USD : 36.37 THB.

1. Bank slip:

　　Using the bank slip option, the minimum deposit and withdrawal amount is also $5.00, with a maximum limit of $200,000.00. The exchange rate for this method is 1.00 USD : 35.32 THB.

　　Unitrade Market allows customers to withdraw funds from their trading account to their registered account. The withdrawal process follows certain guidelines and limits:

1. Withdrawal Timeframe:

　　For withdrawal amounts less than $5,000, the withdrawal should be processed within 24 hours. However, for withdrawal amounts exceeding $5,000, it may take up to 3 working days for the withdrawal to be completed.

1. Withdrawal Limits:

　　The minimum withdrawal amount is set at $30.00, ensuring that customers can withdraw smaller amounts if desired. The maximum withdrawal limit is $5,000.00, allowing customers to withdraw funds within this specified range.

1. Daily Withdrawal Limit:

　　There is a daily withdrawal limit of $5,000.00 or its equivalent in another currency. This limit indicates the maximum amount that a customer can withdraw in a single day.

1. Exchange Rate:

　　The exchange rate applied for withdrawals is set at 1.00 USD : 33.42 THB. This exchange rate determines the conversion of the withdrawn amount from USD to THB.