United World Capital

United World Capital Ltd.

United World Capital - Forex Broker

Broker nameUnited World Capital
Company nameUnited World Capital Ltd.
Online since2008-01-01
Site urlhttp://www.uwcfx.com
CountryCyprus
Minimum account size5.00
Minimum account size currencyUSD
Minimum position size0.010000
Maximum leverage500
Maximum leverage description1:500
Spread levelhigh
Spread descriptionVariable — 1-4 pips on EUR/USD
Is regulatedYES
Regulation descriptionRegulated by CySEC (Cyprus Securities and Exchange Commission) under the license number 093/08. Registered with FSA of UK under number 504862.
Easy registrationYES
Votes count92
Rating3.10
Email[email protected]

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Advantages

  • Swap-free accounts are available.
  • MetaTrader trading platform.
  • Variety of deposit/withdrawal options.

Disadvantages

  • U.S. citizens aren't allowed to open an account.

Payments

  • AlertPay
  • Credit cards
  • MoneyBookers
  • Netteller
  • PayPal
  • WebMoney
  • Wire transfer

Categories

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12 Reviews

  1. Makinde Olalekan:

    Dear traders, UWC is a reliable broker! They gave me no deposit bonus of $100 and I have used it to make more money. I could withdraw my profit with the ease. I wanted to make some trades with them on 4th of April, but my balance had been canceled. A good thing is that I had withdrew my profit as otherwise they would have taken my profit as well. According to their policy, as they told me, I must deposit something within the month I get the bonus. If you fund your money on your account with them, you do not have to afraid that something like this will happen to you. If you have doubts about this, you can write me on [email protected] and I will give you my account’s details to ensure you what all this is true.

  2. Ovidiu Racorean:

    They are scammers. They simply took my money. One day I woke up and saw that my account was empty. I was shocked! I said to all my friends to avoid trading with them. You will not be able to get your profits back.

  3. Sten:

    This broker fraud amended bonus politics how he just throws it. This gives you some stuff that does not mean you like it does not take a month. We never leave anything again.

  4. Makinde Olalekan:

    This broker is awesome! I got a $100 no deposit bonus and this is the first time I experienced something like this as I had been trading with different brokers before. For 60 trades I have had a few 2 or 3 re-quotes which is fine. I can finally make some profit. To withdraw it took me just four hours. Highly recommended.

  5. hillbilly:

    In the middle of February, they just closed the accounts of all the USA traders without any warning. I could not log in the next day and the chat what useless. They put the responsibility for this on Cysec. This is false as I know other brokers also regulated by Cysec and they did not kicked out the USA traders as this broker did.
    Krassi for their staff is good as she helped me a lot in returning my money back. Generally, I did not like their customer support and I think this broker will not be working for a long time unless they change their attitude toward the clients.

  6. Rasif:

    I have been using their services for three months and I have had not difficulties with them. They provide a high level of security. There are no re-quotes. I am going to recommend this broker to everyone I know.

  7. Toni:

    You should stay away from this broker!! Their customer service is awful. If you trust them you money, you will be having hard time in getting it back.

  8. johny:

    Well, I have traded with six different brokers and to my opinion United World Capital is the best one.
    Please see my review below:
    1. It is not hard to get a swap free account. All you need to do for this is just to specify that you want a swap free account during the registration. There is nothing complicated.
    2. When you specify your withdraw methods, like Moneybookers, will be get a message from the support center from which you can read all the regulations and charges. As far as I know, if you have an account of less than $5000, you are considers a retail client and no charges are applied. I think that people, who believe that this broker is scammer, just had some misunderstanding with them but nothing else.
    And yes, I would to also tell that I have had experienced re-quotes but only for a few times. And all those happen within eight months of my trading with this broker. So, I think this is not important. Everything is smooth and I do make a pretty good profit with them.
    Thank you guy for you work.

  9. Traxx:

    If you trade with this broker you will be smashed with all those “swap fees.” You had better stay away from them!!!

  10. Besk:

    Big thanks for the feedback. Fortunately, I have not made any deposit with them yet. I will go to find another broker.

  11. blaire:

    This broker did not allow deposits and withdrawal through PayPal.

  12. Telmo:

    Dear Traders,
    I am going to tell you about my experience United World Capital. Regardless of what they tell you, they do not allow all Scalping EAS, and NDD and Scalping.
    I opened an account with them about a month ago. Everything was good at the beginning and I did make good money with them. Just to give you all information, I started with the deposit of $250 and in about three weeks I has already $5,000 on my account.
    The orders speed is too slow, like one minute per order. There are many re-quotes, resuming nothing less than twenty seconds and average was above. I contacted the support desk and they told me that that had been happening due to some problems on the server. There were no problems with the serves and my account was fine, what they actually were doing is delaying my order because I did make good money
    I wanted to get my money back and sent them a withdraw request. I received the confirmation about this and was waiting for several day my money to arrive on my account in the bank. Nothing arrived so I called them and they told me that it takes up to five days for money to appear on my account. I waited for five days and nothing. After that, I got the email from them telling me the following:
    We have carefully checked the information regarding a withdrawal request xxxx from the trading account xxxx xxxxxx EUR. We are sorry to let you know that we will not process it, and youe money has been returned to your trading account, due to the following reasons:
    According to chapter 5.12 of the client agreement, the conditions as follows have been applied:
    The trading strategies based on use of entering into transactions at out of date prices or nonmarket or of the mistake prices (known as “sniping”) are not acceptable for the Company.
    What an excuse after an entire month of trading for not giving my hard earned money back.
    Well, surely knew what they were talking about as all my trades were out of date prices or by mistakes of prices. How could it be that they did not notice this before, as it could be found out every day I did it. They only told me about that when I wanted to get my money back.
    Every day I received the report from them, stating the following:
    Please report us within twenty four hours if this statement has some issue. Otherwise this statement will be considered confirmed by you.
    What can I say more? They are scammers! I want to warn all traders to stay away from this trader if they do not want to lose their money. Since I have all the details on my trading, I am not going to give up and I know that they must be regulated so I am going to take all I have and to ask the authorities to help me out at this.

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