Ualgo-The overview of minimum deposit, leverage, spreads

WikiFX | 2024-12-20 12:20

摘要：Founded in 2016, Ualgo is an unregulated broker registered in Saint Vincent and the Grenadines, offering trading in forex pairs, CFDs on crypto coins, stocks, commodities, precious metals and indices with leverage up to 1:200 and spread from 2.6 pips on the Bronze account through the Sirix trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is up to $500.

Note: Ualgo's official website - https://www.ualgo.com/ is currently inaccessible normally.

Ualgo Review Summary
Founded	2016
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Forex pairs, CFDs on crypto coins, stocks, commodities, precious metals, indices
Demo Account	✅
Leverage	Up to 1:200
EUR/USD Spread	From 2.6 pips (Bronze account)
Trading Platform	Sirix
Min Deposit	$500
Customer Support	24/7 support
	Contact form
	Tel: +35 725 030 881
	Email: cs@ualgo.email
	Address: Vallerstrasse 21, Payerne, Switzerland

Ualgo Information

Founded in 2016, Ualgo is an unregulated broker registered in Saint Vincent and the Grenadines, offering trading in forex pairs, CFDs on crypto coins, stocks, commodities, precious metals and indices with leverage up to 1:200 and spread from 2.6 pips on the Bronze account through the Sirix trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is up to $500.

Pros and Cons

Pros	Cons
Various trading products	Inaccessible website
Demo accounts	No regulation
Multiple account types	Wide spreads
Popular payment options	No MT4/MT5 platform
24/7 support	High minimum deposit requirement
	Withdrawal fee charged
	Long withdrawal processing time

Is Ualgo Legit?

No. Ualgo currently has no valid regulations. Please be aware of the risk!

What Can I Trade on Ualgo?

Tradable Instruments	Supported
Forex pairs	✔
CFDs	✔
Crypto coins	✔
Stocks	✔
Commodities	✔
Precious metals	✔
Indices	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Here are four account types Ualgo offers:

Account Type	Min Deposit
Bronze	$500
Gold	$10,000
Platinum	$25,000
Diamond	$50,000

Leverage

The broker offers maximum leverage of 1:200. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.