Ubrokers review & test – Scam or not?

Min. deposit:
4 out of 5 stars (4 / 5)
HCMC 2/11/24.5.1994
$ 250

Ubrokers logo

If you are fed up with all the lies in the online broker market and want something new and interesting, then this review is for you. Buckle up and spare a few minutes to know every detail of Ubrokers in few minutes by reading this detailed review. This review will cover all the dimensions and information that every user wants to know about brokers. Let’s start reading this review from the introduction.

Ubrokers official website

Ubrokers official website

Regulation and safety
Customer support
Trading conditions

What is Ubrokers? – The company presented

U-broker is a Greece based unique trading platform that provides trading and investing opportunities to its users. It is a regulated and secure platform to trade with offering 40 currency pairs along with other trading types. It offers four types of accounts with different features in each type. It also offers a demo account worth $100,000 for its users. The company was founded in 2020 and already serves thousands of clients. Ubrokers is managed by “Capital Securities S.A” a greek investment firm.

The web-platform is efficient and provides trading opportunities on forex, CFD, indices, and crypto-assets. It has all the guidance for users to know before starting trading on this platform. The deposit and withdrawal process is easy but differs in minimum deposit and withdrawal depending on the account type. Along with the trading platform, Ubrokers provides complete guidance about trading as well through their education program. It has a competent support team available to assist users in various ways.

(Risk Warning: 74-89% of retail accounts lose money)

How safe is Ubrokers? – Regulation and safety

When it comes to investment and trading in any type of market, the users make sure to invest in a platform that is regulated and safe for their investments. Ubroker is regulated under the Hellenic Capital Market Commission (“HCMC”) with license number 2/11/24.5.1994. The Company is registered in Greece under GEMI with register number 31387/06/Β/94/18.

Ubrokers is regulated by the HCMC

Ubrokers is regulated by the HCMC

Overall, Ubrokers is a safe broker and complies with the European regulatory authorities. The company can offer its service in every European country now. The HCMC regulator is one of the strongest in Europe. Also, the money is stored in tier-one banks in Europe. Your account is protected with negative balance protection.

Trading conditions – What does Ubrokers offers to its clients?

Trading conditions vary from broker to broker depending upon their regulators and operating countries. However, Ubroker has certain trading conditions that differ from other trading platforms. For instance, its spread value differs according to account types offered by the platform (Basic 2.5, VIP 1.1, and platinum 1.6, Gold 2). The minimum position size is .01 lot. Scalping is also forbidden on the platform. Leverage varies from 1:30 to 1:400 depending upon the account type. Ubroker offers these various conditions in order to operate on this platform.

For trading, you can use a free demo account with $100,000 without any risk. It is a good way to practice on the platform and test the offers. If you want to start with real money you have to deposit at least $ 250. Ubrokers offers a web-trading platform and the famous MetaTrader 4.

You can trade the following assets: 

  • Forex (currencies)
  • Cryptocurrencies
  • Shares/Stocks
  • Indices
  • Commodities
  • Metals


  • Client funds are kept in segregated accounts
  • Negative Balance Protection

Overall we can say, that Ubrokers offers average conditions for traders. The spread is a little bit higher than with other online brokers but is a very good advantage that you have access to more than 200 markets with a few clicks.

Facts about the conditions: 

  • Free demo accounts
  • A minimum deposit of $ 250
  • More than 200 markets
  • Web-platform and MetaTrader 4
  • Different account types (depending on the deposit)
  • Spreads from 1.1 pips
  • No commissions
  • Multiple payment methods

Test of Ubrokers trading platform

All the trading brokers are providing immense opportunities to their users for trading by providing an easy and portable interface of their platform. Ubroker offers its services a web-platform at the moment, and it can be easily used on mobile phones also. However, the mobile app is going to launch soon.

The following platforms are available: 

  • MetaTrader 4
  • Web-Trader
Ubrokers trading platform

Ubrokers trading platform


Ubroker has a very comforting and easy to use interface, which makes trading one step closer to its users in performing well at trading. It has a 9 language supported platform, whose option is available at the top left side of the website. By clicking on the trade option available on the main page, the user lands into the trading market, where he can see various trading pairs at the left corner and a chart of a particular selected on the right side of the screen. On the top left corner, the users can search for different assets like cryptocurrencies, forex, commodities, indices, and stocks.

There are certain main points on the web platform of U-broker to understand the working.

  • Platform introduction: To become familiar with the platform quickly
  • How to calculate: About margins, equity, used margin, free margin, margin level
  • Economic calendar: To have an understanding and knowledge of major events that can impact the market.
  • Live chat: To discuss issues with the support team directly
  • News: To become aware of the current scenario of on-going affairs

Note: On the right bottom of the platform one can change the vision of day and night.

Mobile app

Mobile apps have revolutionized the business of the modern-day. Ubrokers keeping in view the importance of the app is eager to launch a trading app soon.

Charting and analysis

Charting and analysis are the cruces of trading. Keeping in view of their importance the Ubroker has launched an education scheme for its users to learn the trade along with earning and investing.

Ubrokers charting and analysis

Ubrokers charting and analysis

Traders can use different chart types, indicators, and drawing analysis tools on the platform. For example, it is possible to add the famous indicator Bollinger Bands and RSI. The trading platforms allow traders to use any type of technical trading strategy. In the picture above you see that you can change the chart settings easy with a few clicks on the side.

Learn to trade with Ubrokers

Trading is the amalgam of technical analysis, fundamental analysis, and techniques. However, to start trading and earn money is not an easy task to do with; the users need proper trading tips and a very basic understanding of the trading. Ubrokers has come up with a great initiative to inculcate technical knowledge to the users and to give them real taste trading. Moreover, Ubrokers provides a series of initiatives to make its users capable to become a pro-trader in a very short span of time.

Following are the initiatives took by Ubrokers to teach its users:

  • Analyst view: To have better understandings of the current market scenario
  • Trading central
  • CFD trading strategies: To equip users with the best strategies
  • Technical analysis: To have sound technical knowledge of trading
  • Leverage and margin: To have the best risk management assessment tricks
  • Daily market analysis: To have a clear picture in the user’s mind of the market
  • Economic insight: To have a great understanding of trends in the global flow of money
  • Featured ideas: To give ideas of experts about the future star performer coins
  • TC market buzz: To have filtered and accurate content about trading using AI techniques
  • TC research platform: To have a deeper insight into trading research and mythologies opted by pro-traders
  • Web TV: To become familiar with all the recent news regarding the market.

(Risk Warning: 74-89% of retail accounts lose money)

Account opening with Ubrokers

Account opening is the first step to start trading on any platform. However, the process varies from platform to platform. Account opening is an easy process and it takes less than a minute to make an account. One needs an e-mail and phone number of a certain country that is allowed to run Ubrokers. After entering the email, phone number, and name, users need to click on the verification link to verify the account. After this step, the user can use the account by depositing funds in the account.

Ubrokers account types

Ubrokers account types

There are 4 types of accounts offered by U-broker with unique features

1. Basic account

It is a first stage account having a minimum deposit of €250. This type has leverage up to 1:30. This type of account has the highest spreads than the other 3 account types. This type also has 1 monthly free withdrawal for the users.

2. Gold account

It is a 2nd stage account having a minimum deposit of  €25,000. This type has leverage up to 1:30. This type of account has a relatively higher normal spread value than the other 2 account types. This type also has 2 free monthly withdrawals for the users.

3. Platinum account

It is a 3rd stage account having a minimum deposit of  €100,000. This type has leverage up to 1:400. This type of account has1.6 to 1.9 pips spread value on different markets. This type also has 3 free monthly withdrawals for the users.

4. VIP account

It is the best account having a minimum deposit of €250,000. This type has leverage up to 1:400. This type of account has the lowest spread value on different markets. This type also has free withdrawal for the users.


  • Account type can be changed by contacting your account manager
  • Only one account for one person

Demo account

The demo account is the account offered by the broker platforms that give real-time experience to users without investing a penny to learn a trade. However, the amount given by the different brokers varies. U-broker gives its users an enormous amount to their demo account worth $100,000 to give its users a chance to learn and earn through their platform.

The drawback of demo-account is that it is not a real test of nerves, as in the case of human emotions when losses occur.

The negative balance of protection

U-broker gives prime importance to users and their funds also. However, depending upon the user’s account type, the platform gives negative balance protection to its VIP users, in order to protect their account going into negative. A positive factor in it is that by using Margin Call or Stop Loss, the negative balance protection can save you from falling into a negative balance.

Deposit and withdrawal

Ubrokers has provided its users an easy and transparent method of depositing funds, unlike other competitors users have to face a lot of trouble while depositing and withdrawal of their funds.

Users can deposit funds by using a series of payment methods that are widely available to the users. Following are the payment methods accepted by the Ubrokers. However, they can slightly differ from country to country.

  • Visa
  • Mastero
  • Sofort
  • EPS
  • Euteller
  • E-wallets
  • Wire transfer
  • Master card

The minimum amount to deposit varies with the account types.

  • Basic account €250
  • Gold €25000
  • Platinum €100,000
  • VIP €250,000

Note: The minimum deposit via wire transfer is $1,000/€1,000/£1,000     

Withdrawal in Ubrokers

Ubroker provides swift withdrawal of funds to its users, after proper verification of the user in compliance with its withdrawal policy of safety of its user’s funds.

Withdrawal fees:

The fee for any type of withdrawals is as follows

  • Neteller charges 3.5% on each withdraws
  • Debit/Credit Card charge 3.5% on each withdraw
  • Wire Transfer charge $30, €30, ₤30, ₣30, ₽1,800 on each withdraw
  • Paypal charges 4.5 % of withdrawal
  • Money-Bookers (Skrill): 2.0% on each withdraw


  • The platform has no withdrawal limit
  • Withdrawals above €100 are sent via Bank Wire Transfer and will be charged as $30, €30, ₤30, ₣30, ₽1,800 on each withdraw
  • The first withdrawal is free for basic type,
  • The gold type has 1 monthly free withdrawal
  • Platinum has 3 monthly free withdrawal
  • The VIP account has no withdrawal fee

(Risk Warning: 74-89% of retail accounts lose money)

Support and service

Users’ satisfaction is the utmost priority of U-broker.com the co-operative and competent team of U-broker is available round the clock and gives a prompt response to the user’s queries within 24 hours. Ubrokers provides support in various ways. To ensure speedy resolving of issues, the company offers support in 8 different languages.

  • Instant call

By calling at this number +30 21 1198 5186. The team will instantly provide a response.

  • Email

Users can contact the team through the email provides by the platform to assist the users

[email protected]

  • Live chat

A live chat option is available on the website to provide an urgent response to the questions of users. It provides all the basic information and satisfying response to the user’s queries. A chat bar appears on the right side of the website, where users can ask various questions depending upon their problem.

Accepted countries

At the moment, U-broker is working at the moment in the western region only. However, it has planning to expand to various other countries as well.

Following is the list of countries that can work on Ubrokers:

  • Austria
  • Bulgaria
  • United Kingdom
  • Croatia
  • Czech republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Italy
  • Ireland
  • Latvia
  • Luxembourg
  • Malta
  • Monaco
  • Netherland
  • Slovakia
  • Slovenia
  • Spain
  • Sweden

Restricted countries

Ubrokers has restricted all other countries except European countries due to certain conditions by its regulators.

Special offers

Like all other brokers in the world the provide services to its users, Ubrokers also provides a series of offers depending upon the countries, the platform is operating, on their special events and national days

Conclusion on the UBrokers review: Average broker

Ubrokers is a broker platform that provides various services to its users in the form of giving access to different trading platforms, crypto assets, and other markets. It provides different types of accounts that come with different conditions like withdrawal limit, deposit, and a few other things as well. Ubrokers is a secure platform that has helped users to earn and learn money at the same time. The hard-working team behind the project has worked tirelessly to assist the users. In the end, UBrokers is a secure, diverse, reliable, and easy to use broker platform for professional and new traders.

Ubrokers is an average online broker with good support. You will get access to the biggest financial markets in the world very easily. 4 out of 5 stars (4 / 5)

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(Risk Warning: 74-89% of retail accounts lose money)

Last Updated on January 5, 2021 by Andre Witzel