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UniverseMarkets Broker Review

UniverseMarkets Broker Review
Borina
The Austrian Financial Market Authority recently issued a warning about this broker. Try trading with IQ Option instead! UniverseMarkets is an unlicensed forex broker that promises traders “100% leverage and financial confidence”. In their “About Us” section, they are also mentioning to be a user-friendly broker that delivers simplified trading, diverse products, and quick and... Read more
The Austrian Financial Market Authority recently issued a warning about this broker. Try trading with IQ Option instead! UniverseMarkets is an unlicensed forex broker that promises traders “100% leverage and financial confidence”. In their “About Us” section, they are also mentioning to be a user-friendly broker that delivers simplified trading, diverse products, and quick and easy deposits and withdrawals. In this UniverseMarkets review, we focused on all the promises this forex broker makes but also decided to take a deeper look into features and trading possibilities offered (and promised!). Read our UniverseMarkets review to find out more about account types, trading platform, customer support, deposits, and withdrawals. UniverseMarkets is owned and operated by WhiteSquare Trading LTD, 131-151 Great Titchfield Street, London W1W 5BB, United Kingdom.
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  1. The Austrian Financial Market Authority recently issued a warning about this broker. Try trading with IQ Option instead!

    UniverseMarkets is an unlicensed forex broker that promises traders “100% leverage and financial confidence”. In their “About Us” section, they are also mentioning to be a user-friendly broker that delivers simplified trading, diverse products, and quick and easy deposits and withdrawals. In this UniverseMarkets review, we focused on all the promises this forex broker makes but also decided to take a deeper look into features and trading possibilities offered (and promised!).

    Read our UniverseMarkets review to find out more about account types, trading platform, customer support, deposits, and withdrawals. UniverseMarkets is owned and operated by WhiteSquare Trading LTD, 131-151 Great Titchfield Street, London W1W 5BB, United Kingdom.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk
  3. UniverseMarkets Special features

    In UniverseMarkets review we took a closer look while trying to find different account types. Unfortunately, it seems that this broker only has one account type. There is nothing wrong with that, but modern traders wish to trade in a customized way. That is why more and more brokers decide to offer different trading plans. If you deposit more, you want more tools, features, assets and other trading benefits, right? However, UniverseMarkets only has one account type that is not well elaborated on the website. It is expected of traders to deposit prior to finding out more which is something we don’t prefer.

    Minimum deposit with UniverseMarkets is $250, which is more than with other forex brokers. There are also certain limits on maximum deposits:

    1. Credit card – 5,000 USD
    2. Wire – Unlimited
    3. E-wallets – depends on the method
    4. Western Union – 10,000 USD

    The minimum withdrawal is $100.

    UniverseMarkets Demo

    UniverseMarkets doesn’t have a free demo account. It doesn’t have a paid demo account either. Traders have to deposit in order to experience trading with this broker. We believe that a good demo can make or break a deal, so we hope to see a demo account in the future. Traders can use the demo account to get familiar with the trading interface, test their strategies and explore tools before trading for real money.

    The demo account is a very useful feature for both experienced traders and newcomers, as it allows them an additional level of education. Even most advanced traders want to get familiar with the platform before making the first trade and a good demo account allows them to do so.

  4. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  5. Become an IQ Option trader today

    Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

  6. UniverseMarkets Trading software

    UniverseMarkets is using proprietary software. It was developed by their team. UniverseMarkets platform doesn’t require any downloads and it is completely web-based. This means you can access it from different devices, as long as you have an internet connection and know your username and password.

    Traders can check out the platform by clicking “Trading” on the Homepage. The trading platform contains one big chart that shows market movements. The chart is placed in the middle of the platform. On the left side you will find a search bar and an asset list. On the right side you will find all the details about the trade you are about to place:

    • Asset
    • Investment amount
    • Leverage
    • Take profit
    • Stop loss
    • Buy/Sell buttons

    When it comes to Assets, UniverseMarkets offers indices, cryptocurrencies, currency pairs, stocks, and commodities. There are only three commodities available: silver, platinum and brent oil.

    UniverseMarkets Mobile Trading

    UniverseMarkets is not advertising any mobile apps. This means that mobile trading is possible, but only from the mobile browser. Trading from a mobile browser is not as straightforward as it is from a mobile app. Each and every time the trader must enter the email address and login data in order to start trading. With a mobile app, all trader has to do is tap the screen and all data will be loaded immediately. UniverseMarkets mobile app would make trading more efficient and faster.

  7. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  8. UniverseMarkets Support information

    To our surprise, UniverseMarkets has no live chat customer support. This is very unusual, as traders all over the world prefer live chat. Live chat is convenient and simple to use.

    UniverseMarkets customer support is based on an email and an online form. You can also use several phone numbers available on the website:

    • UK, London: +44-203-608-2183
    • New Zealand, Wellington: +64-48879500
    • Australia, Melbourne: +61-388070902
    • Norway, Oslo: +47-21999142
    • Austria, Vienna: +43-13469999044

    While we have nothing against phone calls, they are additional cost traders have to take into consideration. Also, email communication is no longer considered to be fast. It may take more than a few days for a broker to reply to your email.

    The website is available in English, German and Spanish. Learning materials are, in this case, only brief FAQs that cannot help traders improve their knowledge of online trading.

  9. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  10. UniverseMarkets Payment Methods

    UniverseMarkets requires $250 minimum deposit and $100 minimum withdrawal. The deposit can be done via several methods:

    • Credit card – Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo.
    • Wire transfer
    • E-wallets – over 20 methods

    UniverseMarkets Withdrawal

    We were unpleasantly surprised after checking out withdrawal Terms and Conditions. While there is no fee or commission attached to the withdrawal, the broker allows the trader to make a withdrawal only after one month since depositing has passed. Also, traders must reach a minimum turnover in order to be eligible for a withdrawal. The minimum turnover is equal to the number of deposits made into the account.

    These rules are usually applied to bonuses and not deposits. All bank wire withdrawals are charged with a $25 fee.

    UniverseMarkets Bonus

    UniverseMarkets is advertising a deposit bonus that can go up to 100%. However, the required turnover is x300. This is a really high turnover that many traders won’t be able to reach. It is impossible to withdraw any funds before the turnover has been reached. Make sure to understand these Bonus Terms and Conditions before accepting a UniverseMarkets bonus.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  12. Your capital is at risk
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