- How To Identify Seasonal Patterns in The Stock Market - September 16, 2020
- The Best Way To Manage Risks in Trading - August 26, 2020
- How To Make Trading Less Complicated - June 29, 2020
Ufinancion claims to have been an active player in the trading industry for several years now. Their website states that the company comprises of experienced professionals who have years of experience analyzing the financial markets with in-depth knowledge of the global economy. They also claim that their trading interface is second to none in terms of design and function.
During our review, we liked the fact that the broker had a very easy to understand user interface which will appeal to brokers of all types. Plus, they have an education center which works as a sort of repository of trading information of all kinds.
It can be a useful way for newbie traders to learn the ropes and become more successful. You can also watch online seminars that will help traders who are not yet confident of their trading abilities or don’t yet have enough experience.
Our Ufinancion broker review is meant to provide readers with as much new information as we could find. We’ll also list all the features, their registration process, how the trading platform works and many other bits of useful information. So, you’ll know if this is the right broker.
To start with, we loved the fact that opening an account with Ufinancion was extremely hassle-free. Traders only need to walk through a couple of steps to register. The steps consist of clicking on the ”Open Account” button on the main page, then filling in their personal details, after which they can submit the form and click the link they receive via email to verify their email address. Everything is pretty easy to understand, and they don’t require a whole lot of information.
The Various Account types
Ufinancion offers traders six types of accounts. Each account requires a different minimum deposit, and their eligibility varies based on that.
- The Basic Account – Requires between $250 and $499 deposit
- Mini Account – Requires between $500 and $999 deposit
- The Standard Account – Traders, need to deposit between $1000 and $4,999
- A Premium Account – A deposit amount between $5000 and $14999
- The Ultra Account – A mandatory deposit of between $15,000 to $49,999
- The prestigious VIP Account – Requires a deposit of $50,000 or over ideally
Traders get to choose from over a hundred binary trading assets. If anything this is one of the largest lists of assets we’ve seen from a broker. There are over 100 assets available with Ufinancion, which is a relatively extensive list of assets by any measure.
The Ufinancion Trading Platform
We were glad to find out that the Ufinancion platform does not require that traders download any kind of software like programs and plugins for it to run. The entire platform is web-based or cloud-based so that it can be run via a web browser. All that’s required is to register, deposit and start trading.
After you have logged into the Ufinancion platform, traders can view their entire transaction history by simply clicking on the ’My Account’ tab located on the top. Tradeable assets and accompanying details along with a brief description can be found by just visiting the ’Asset Index’ page.
Traders will find that there is also the option of searching through all previous trades that they have made. They can filter these trades by asset trading tool and date. The other good thing is that each successful trade means that the trader receives up to 81% of their invested amount. Something that’s slightly above the average payout.
Now when it comes to aesthetics, the trading platform is cited as one of the best out there by traders. It seems as though Ufinancion has worked as much on the platform’s aesthetics as other aspects of the trading product. So, what you end up seeing is a visually pleasing platform with all the bells and whistles you’ll need to execute successful trades day in and day out.
Customer Support Information
Traders using Ufinancion can contact their customer service department in many different ways. Take for instance that anyone who runs into problems with their trading account can contact the support team 24/7 via live chat, email, and telephone. Each one of these is monitored and answered right away. Though phone support happens to be geared more towards urgent issues.
During our review we found the support team to be polite and knowledgeable. However, you’ll need to wait a while to talk to someone or get a response via the live chat service. We are hoping that they will reduce the wait and response time significantly.
Available Ufinancion Payment Methods
Ufinancion claims that they have taken every measure possible to ensure safety with withdrawals and deposits both of which are handled without a commission. The broker makes it possible for traders to deposit money in different currencies and they don’t charge a commission for it.
The broker offers three methods of depositing money. The most obvious and perhaps the most common is to use a credit or debit card. They accept Visa, Master and Maestro cards. All of which makes depositing money very easy.
Initiating a withdrawal takes around five business days from the time a request is entered. The currency type is set to one which the trader has chosen to start trading with when they opened the account. However, even though there isn’t a processing fee associated with withdrawals via debit and credit cards, you will be charged $30 as a transfer fee when initiating a bank transfer.
It is evident from the above breakdown of the various account types that the minimum deposit starts from the most basic account at $250. The amount will remain the same regardless of the currency you want to trade in, i.e., AUD, USD, GBP or EUR.
The maximum amount that you can deposit will also vary mainly dependent on your deposit method. So, if you’re using a credit card, it’s possible to deposit up to $5000 in your currency. Though if you are wiring the money, then the amount is anything you want it to be.
Withdrawaling from Ufinancion
The minimum amount that you can withdraw to your debit or credit card is $30 in the currency of your choice. A wire transfer will require at least $100 in any of the supported currencies mentioned on the website.
The maximum deposit will depend mainly on the deposit method, as is the case with deposits. So, if you’ve deposited money with a credit card, then your max withdrawal is $20,000 while your wire transfers are unlimited.
The broker also has a withdrawal policy which stipulates a minimum trading volume that needs to be met so that you can qualify for money from the bonus. All of this will obviously depend on the initial upfront amount. The broker has stated that any form of fraudulent activity will be penalized especially of that connected to the bonus. The worst case scenario is that the offender’s account is frozen along with all the money that they have. So, it would be a good idea to read the terms and conditions before proceeding.
- Easy Platform To Use
- Many Supported Currencies
- Great Customer Support
- Low Minimum Deposit