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Forex Broker Review – Universal-FX.com British Virgin Islands Based Forex Broker

Below is a Forex review of online forex broker Universal-FX.com. Universal-FX.com forex trading broker is based in British Virgin Islands. Below is a list of the most common questions about Universal-FX.com that traders ask about this broker.

 

Forex Broker reviews - Universal-FX.com

 

 

Where is Universal-FX.com currency broker based

Universal-FX is based in British Virgin Islands, its address is:

 

Wickhams Cay I - 1110 Road Town, Tortola,

British Virgin Islands.

Is Universal-FX.com a licensed and regulated Forex broker

Details of the license, registration and regulation of this FX broker cannot be found on the broker’s website.

 

Universal-FX is not Regulated by any Financial Regulatory Authority

 

What is the execution method of Universal-FX.com

Universal-FX provides two execution methods:

 

Market Maker dealing desk execution of orders

ECN, Electronic Communication Network; Market Execution and Instant execution of orders.

 

 

What are the spreads of Universal-FX.com

The spreads of Universal-FX.com are:

 

Universal-FX.com

Currency

Spread

EURUSD

3 pips

GBPUSD

4 pips

USDJPY

3 pips

USDCHF

4 pips

 

Spreads may vary depending on account type and market volatility; ECN accounts may also include payment of commissions on top of spreads.

 

Financial Instruments provided for trading by Universal-FX.com

Currencies

Metals

 

What are the forex account types of Universal-FX.com

Forex broker

  • ECN Standard Account
  • ECN Ultimate forex account
  • PowerTrader forex account
  • FX Inside Pro forex account

 

Does Universal-FX.com have Islamic Forex Trading Accounts

Universal-FX does not provide swap free Islamic Accounts

 

What are the terms for demo accounts for Universal-FX.com

30 days forex demo trading accounts are provided for ECN Standard Demo Account and ECN Ultimate Demo Account for practice forex trading.

 

How is the withdraw and deposit process of Universal-FX.com

Bank wire and Credit card money transfer methods are provided for withdraw and deposit of funds.

 

Bank wire fees - $5

Credit card fees – 2.9%

 

 

What is the minimum account opening capital for Universal-FX.com

  • ECN Standard Account - $500
  • ECN Ultimate forex account - $1,000
  • PowerTrader forex account - $5,000
  • FX Inside Pro forex account - $50,000

 

Does Universal-FX.com give an account opening deposit bonus

Universal-FX does not give an account opening deposit bonus

 

What is the security and reliability of Universal-FX.com

What is the broker rating for Universal-FX.com security and reliability

 

Universal-FX is not Regulated by any Financial Regulatory Authority

 

Does Universal-FX.com accept forex scalping

Universal-FX allows scalping trading

 

Does Universal-FX.com give free forex education to traders

This broker does not provide a learn currency trading education for forex trading online.

 

What are the trading platforms of Universal-FX.com currency broker

MetaTrader4

MetaTrader4 MAM

FX Inside Professional

FX PowerTrader

iPhone Trader

Android Trader

Mobile Trader

 

 

Is Universal-FX.com a MetaTrader 4 Forex broker

Universal-FX.com provides MetaTrader 4 software which is the best platform according to reviews.

 

The platform MetaTrader 4 can be downloaded from the brokers’ website

 

Does Universal-FX.com allow automated forex trading

The broker automated trading policy on automated trading is:

 

Universal-FX.com allows Expert Advisors automated trading on their MetaTrader 4 platform.

 

What are Universal-FX.com broker website information sections

The website information sections are:

 

Forex Trading Accounts Section: where traders will find information about forex accounts such as demo practice account and live forex accounts provided by this Currency broker. Traders wanting to start 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 broker.

 

Platforms Section: this section provides platforms where a trader can choose one for tradng.

 

CFD trading section: for information about CFD trading and CFD specifications.

 

VPS EA Hosting Section: for information about VPS hosting services provided by this forex broker.

 

Regulated Broker