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Forex Broker Review – UmoFX.com New Zealand Based Forex Broker

Below is a review of online forex broker UmoFX.com. UmoFX is based in New Zealand. Below is a list of the most common questions about UmoFX.com that traders ask.

 

Owned by UNITED MARKET ORACLE INTERNATIONAL LIMITED

 

Broker reviews - UmoFX.com

 

 

Where is UmoFX.com forex trading broker based

UMO FX is based in New Zealand its address is:

Level 10, 17 Albert St,

Auckland Central,

Auckland, 1010,

New Zealand.

 

 

Is UmoFX.com a licensed and regulated forex broker

Details of the license, registration and regulation of this fx broker can be found on their website.

 

Regulated in New Zealand by Financial Services Provider register, FSPR, license number:

FSP277305

 

 

 

What is the execution method of UmoFX.com

STP/ ECN execution of forex orders

 

 

Trading Instrument Provided For Trading

Forex

Metals

Energies

Indices

 

What are the forex account types of UmoFX

Accounts provided are:

  • Mini4 Account
  • Mini5 Account
  • Standard Account
  • ECN Account
  • VIP Account

 

Margin Call Level for ECN and VIP Accounts – 100%

 

Does UmoFX forex broker have Islamic Forex Accounts

UMO FX provides Swap Free Islamic Accounts

 

What are the terms for forex trading demo accounts

A demo account is provided for mini4, mini 5, ECN and Standard demo accounts

 

How is the withdraw and deposit process of UmoFX.com

Bank wire, Credit cards, Neteller, Skrill, Perfect Money, CashU and FasaPay money transfer methods are provided for deposit and withdraw of funds.

 

 

Withdraw and Deposit

Credit Card Withdraw and Deposit Fees: 3-5%

Bank Wire Withdraw and Deposit Fees: $25

CashU Fees 1- 7%

FasaPay, PerfectMoney Fees 0.5%

Skrill Fees 1%

 

What is the minimum account opening capital

$1 dollar is the minimum account opening balance

 

  • Mini4 - $1
  • Mini5 - $1
  • Standard - $250
  • ECN - $500
  • VIP - $5,000

 

 

Does UmoFX.com give an account opening deposit bonus

UMO FX provides a 30 % account opening bonus up to $2,000

 

 

What is the security and reliability of UmoFX.com

What is the rating for UmoFX.com security and reliability

 

Regulated in New Zealand by Financial Services Provider register, FSPR

 

UMO FX implements segregated bank accounts

 

Does UmoFX.com accept forex scalping

UMOFX allows forex scalping

 

 

Does UmoFX give free forex education to traders

This forex broker provides a learn currency trading education for forex trading online where traders can get introduction to forex tutorials, fundamental analysis and technical analysis tutorials and a glossary of forex trading terms.

 

 

What are the forex trading platforms of UmoFX

MetaTrader 4

MetaTrader 4 MultiTerminal

 

Is UmoFX.com a MetaTrader 4 forex broker

UmoFX.com provides MetaTrader 4 forex software which is the best platform according to reviews.

 

 

Does UmoFX.com allow automated forex trading

The forex brokers’ policy for automated forex trading is:

 

This broker allows automated forex trading execution their MetaTrader 4 forex trading platform.

 

 

What are UmoFX broker website information sections

The website information sections of this broker are:

 

Account section: where forex traders will find information about forex accounts such as forex demo account, forex practice account and live forex accounts provided by this forex currency broker. Traders wanting to start foreign currency trading can open an account from this section.

 

Contact Section: there is a section of contacts for this fx broker, where a trader can contact this forex online broker.

 

Trading Platforms section: this section provides platforms where a trader can choose one for trading online.

 

FAQ Section: for information about this forex broker and about general forex trading topics

Tools Section: where traders can get bank holidays calendar, interests rates table and calculators; such as profit calculator pip value calculator, margin calculator and swap calculators.

 

 

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