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Forex Broker Review – New Zealand Based Forex Broker

Broker Review of UmoFX is based in New Zealand. Below is a list of the most common questions about that traders ask.




Broker reviews -



Where is 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 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:





What is the execution method of

STP/ ECN execution of forex orders



Trading Instrument Provided For Trading






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

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 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

What is the rating for security and reliability


Regulated in New Zealand by Financial Services Provider register, FSPR


UMO FX implements segregated bank accounts


Does 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 a MetaTrader 4 forex broker provides MetaTrader 4 forex software which is the best platform according to reviews.



Does 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 forex 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.



Top 100 Broker Rankings

Up To $5K Bonus - Limited Time Bonus

Regulated Broker