UW Global -Some important Details about This Broker

UW Global | 2024-12-19 11:05

摘要：Registered in Malaysia in 2016, UW Global operates as a broker offering services in Forex, Indices, CFDs, and Metals (Gold & Silver). It provides three types of accounts, along with the advanced trading platforms MT4 and MT5. However, this broker does not hold a legal license issued by any official regulatory institution.

Note: UW Global 's official website - https://www.uw-global.com is currently inaccessible normally.

UW Global Review Summary
Founded	2016
Registered Country/Region	Malaysia
Regulation	Not regulated
Market Instruments	Forex, Indices, CFDs, Metals (Gold & Silver)
Demo Account	❌
Leverage	1:1 for Forex Syariah
EUR/USD Spread	Floating for Forex and Metals; Fixed for Forex Syariah
Trading Platform	MT4 and MT5
Min Deposit	/
Customer Support	Tel: +60 87-415 988 (Landline)
	Fax: 6087-423 288
	Email: cs1@uw-global.com
	Physical address: Unit Level 3A & 3B, Block 4, Financial Park Labuan, Jalan Merdeka, 87000 Federal Territory of Labuan, Malaysia

Registered in Malaysia in 2016, UW Global operates as a broker offering services in Forex, Indices, CFDs, and Metals (Gold & Silver). It provides three types of accounts, along with the advanced trading platforms MT4 and MT5. However, this broker does not hold a legal license issued by any official regulatory institution.

Pros and Cons

Pros	Cons
A wide range of trading instruments	No regulation
Multiple account types	Limited leverage
MT4 and MT5 trading platform	Unclear fee structure
	Unclear minimum deposit
	Unknown payment options

Is UW Global Legit?

UW Global has failed to obtain authorization from any regulatory body, leading to a lack of legitimate oversight.

What Can I Trade on UW Global?

UW Global offers trading in Forex, Indices, CFDs, and Metals, specifically Gold and Silver.

Tradable Instruments	Supported
Forex	✔
Indices	✔
CFDs	✔
Metals	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

UW Global provides three account types, ranging from individual traders to corporate entities.

Individual - Personal Account
Individual - Joint Account
Corporate Account

Leverage

In the case of the Forex Syariah account, the leverage is 1:1, indicating that no borrowed funds are utilized in trading. For metal trading, including gold and silver, the leverage details are implicitly tied to the specified contract sizes and margin requirements, despite the absence of explicit leverage ratios.

Spread and Commission

In terms of spreads, for Forex and Metals Trading, the spread is floating. For Syariah-Compliant Forex Trading, the spreads start from 2.0 pips.

As for margins, the margin requirement for Forex trading is listed as $1,000 per lot for day trades and overnight positions, with hedging/locking costing an additional $200 per pair.

Trading Asset	Spread	Margin Requirement
Forex and Metals	Floating	USD 1,000 per lot, with hedging/locking at USD 200 per pair
Syariah-Compliant Forex	From 2.0 pips	USD 100,000
Precious Metals	Floating	/

Trading Platform

UW Global provides access to both MetaTrader 4 and MetaTrader 5, two of the most professional trading platforms in the forex and CFD trading industry. Both platforms offer technical indicators, graphical objects, and detailed market depth analysis, and they are accessible through web and mobile devices (including phones and iPads).

However, since UW Global is unregulated, there is a possibility that the broker may manipulate your account or even lack permission to offer trading through MT4 and MT5.