With its headquarters in Dubai, United Arab Emirates, UAGTRADE is an online trading broker that provides both retail traders and fund managers with the MT4 platform and a proprietary trading platforms to enable them to get access to the global financial markets, such as forex, metals, energies, indices, and CFDs. The broker provides traders with some helpful trading and learning tools, whilst offering a robust customer support team to assist them. UAGTRADE makes use of the STP technology, whilst offering several competitive trading conditions, including low spreads from 0.3 pips, fast execution, and leverage of up to 1:200. The minimum deposit required to operate a live trading account is $100, while a commission fee of $17 is charged on trades.
UAGTRADE Review Introduction
In this UAGTRADE review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including UAGTRADE.
UAGTRADE Platforms & Tools
At UAGTRADE, trades are carried out using the MT4 trading platform, which is an advanced trading platform that is used by most forex and CFD traders around the world. The MT4 trading platform offers an easy-to-use trading interface that is simple enough for even amateur traders. The platform allows you to analyse price dynamics, trade multiple instruments, automate your trading strategies via expert advisors, and more. The MT4 trading platform is available in desktop, web, and mobile versions.
The broker also has a proprietary trading platform, the UAGTRADE trading platform, which is available as a mobile application for smartphones running on Android and iOS systems. The UAGTRADE platform can be downloaded from the relevant app stores. It is packed with all the needed tools to seamlessly trade several financial instruments.
The broker also provides traders with some standalone trading tools, such as technical and fundamental analysis, copy trade, and more.
UAGTRADE Research & Education
The broker’s website has an FAQ section that is designed to answer most of the common questions that traders may have.
UAGTRADE Trading Accounts
The following trading account options are available at UAGTRADE: Pro, Supreme, and ECN Accounts. They are denominated in USD and require a minimum deposit of $100.
UAGTRADE Account Funding
The broker processes all deposit and withdrawal requests using direct bank transfers and a bitcoin wallet. Please note that the broker does not charge fees for deposits and withdrawals, but all third-party payments are not accepted.
UAGTRADE Customer Service
UAGTRADE offers a knowledgeable client support team to respond to all traders’ inquiries. They can be contacted via email and some social media channels.
UAGTRADE is the trading name of UAG Network Limited, which is incorporated in the United Arab Emirates as a Financial Company with the registration number AFZ/OS/1454. However, there is no regulatory information on the broker’s website at the moment, which could discourage some potential traders from opening an account with them.
UAGTRADE Review Summary
UAGTRADE is an online financial services provider that operates from Dubai. They provide traders with two reliable platforms for trading multiple financial assets. Their traders get to benefit from a few educational resources and some helpful trading tools, while a knowledgeable client support team is readily available to help them. The minimum deposit required to operate a live trading account is $100. However, the broker is not regulated by any well-known financial authority at present.
It is worth mentioning that some of the trading products and services in this UAGTRADE review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the UAGTRADE broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.