Uinvex, a market maker broker established in 2024 and regulated by the SVG Financial Services Authority, offers a diverse range of over 300 trading instruments across five asset classes including Forex, stocks, commodities, indices, and cryptocurrencies. Catering to both beginners and experienced traders, Uinvex provides a demo account for risk-free practice, swap-free Islamic accounts, and negative balance protection. The broker prides itself on direct trade execution which enhances transaction speed and efficiency, boasting a rapid 12ms trade execution time. Uinvex operates on a proprietary web trader and Android app platform, supporting a user-friendly trading experience without reliance on external liquidity providers. Despite its broad offerings, Uinvex is not available to traders from the United States and prohibits scalping strategies.
Discover trading excellence with Uinvex’s fast execution and diverse market offerings – Sign up now for a superior trading journey!
| Feature | Details |
|---|---|
| Regulated By | SVG Financial Services Authority |
| Instruments | Over 300 across Forex, stocks, commodities, indices, and cryptocurrencies |
| Account Types | Standard, Islamic, Demo, VIP |
| Platform | Proprietary Web Trader, Android app |
| Leverage | Up to 1:500 for Forex |
| Special Features | Negative balance protection, Swap-free accounts |
Regulation and Safety
Uinvex operates under the regulation of the SVG Financial Services Authority, ensuring compliance with financial standards and providing trader security. Uinvex also implements additional safety measures such as segregated accounts to ensure that client funds are kept separate from company funds, offering an added layer of security.
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Trading Platforms and Tools
Uinvex offers its clients a proprietary Web Trader and an Android trading app. These platforms are designed to cater to both new and seasoned traders by providing a user-friendly interface and essential trading tools such as real-time charting, order execution, and risk management features. The platforms boast a trade execution speed of 12 milliseconds, which is competitive in the industry.
Account Types
| Account Type | Minimum Deposit | Spreads | Leverage |
|---|---|---|---|
| Standard Account | $20 | From 1.3 pips | Up to 1:500 |
| Islamic Account | $20 | From 1.3 pips | Up to 1:500 |
| Demo Account | Free (Virtual Funds) | Same as Retail | Up to 1:500 |
| VIP Account | Details not specified | Details not specified | Details not specified |
See the full account types comparison
Fees and Spreads
Uinvex offers competitive spreads starting from 1.3 pips for major currency pairs like EUR/USD. The broker does not charge commission fees, which can significantly reduce trading costs. However, withdrawal fees are applicable for amounts under $300, and an inactivity fee is charged after six months of non-trading.
Customer Support
Uinvex ensures that support is readily available through 24/5 live chat, phone support, and email. This ensures that traders can get assistance whenever needed during trading hours. Moreover, depending on the account type, traders might receive support from a dedicated account manager, providing personalized service.
Education and Resources
While Uinvex does not offer a comprehensive educational library, it provides essential resources like an economic calendar, market news, and trading signals to help traders make informed decisions. These tools are invaluable for staying updated on critical economic events and market changes.
Unique Features
- Negative Balance Protection: Uinvex offers negative balance protection, which is a critical feature that protects traders from losing more money than they have deposited.
- Affiliate Program: This program allows individuals to earn commissions based on the trading activity of clients they refer to Uinvex.
Uinvex stands out for its straightforward and efficient trading environment, suitable for both novice and experienced traders. With a focus on fast execution, robust platform security, and a diverse range of trading instruments, Uinvex is positioned as a reliable broker in the competitive forex and CFD trading industry. However, potential traders should consider the lack of advanced educational resources and the platform’s limited third-party integration before opening an account. Uinvex remains a solid choice for those who prioritize a simple, efficient trading experience with essential tools and competitive trading conditions.
FAQs
- What is Uinvex?
- Uinvex is a regulated market maker broker offering over 300 trading instruments across multiple asset classes, established in 2024.
- Which authority regulates Uinvex?
- Uinvex is regulated by the SVG Financial Services Authority.
- Can I practice trading on Uinvex without risk?
- Yes, Uinvex offers a demo account that allows for risk-free practice trading.
- What types of trading accounts does Uinvex offer?
- Uinvex provides several account types including Standard, Islamic, Demo, and VIP accounts.
- What is the minimum deposit required at Uinvex?
- The minimum deposit required to open an account with Uinvex is $20.
- Does Uinvex offer any trading bonuses?
- Yes, Uinvex offers various bonuses including First Deposit and Trading Credits depending on the account activity.
- Is scalping allowed on Uinvex?
- No, Uinvex does not allow scalping strategies on its platform.
- What platforms does Uinvex provide for trading?
- Uinvex uses a proprietary Web Trader and an Android app for trading.
- What leverage does Uinvex offer?
- Uinvex offers leverage up to 1:500 for Forex trading.
- Are U.S. traders allowed on Uinvex?
- No, Uinvex does not permit traders from the United States to use its services.
How to Open a Uinvex Account?
Here’s a detailed guide on how to sign up and open an account with Uinvex:
- Step 1: Visit the Uinvex Website
Go to the Uinvex official website and locate the account opening section. - Step 2: Fill Out the Application Form
Provide your personal information such as name, email, and the currency you prefer for your trading account. - Step 3: Submit Your Documents
Upload the required documents for proof of identity (e.g., passport or driver’s license) and proof of residence (e.g., utility bill or bank statement). - Step 4: Document Verification
Wait for Uinvex to verify your documents. This process typically takes 1-2 business days. - Step 5: Deposit Funds
Once your account is approved, make your initial deposit using one of the accepted payment methods. - Step 6: Start Trading
After funding, you can start trading across the various instruments offered by Uinvex.
Required Documents for Account Opening
| Document Type | Purpose |
|---|---|
| Proof of Identity | Valid government-issued ID (passport, driver’s license) |
| Proof of Address | Recent utility bill or bank statement |
Account Types
- Standard Account
- Access to all trading instruments, standard spreads, and leverage up to 1:500.
- Islamic Account
- Swap-free trading conditions for the first 14 days, specifically designed for traders following Sharia law.
- Demo Account
- Risk-free trading with virtual funds to practice trading strategies.
Opening an Account: Key Points to Remember
- Minimum Age: You must be at least 18 years old or the legal age in your jurisdiction.
- Geographical Restrictions: Uinvex does not accept clients from the United States or other regions under international sanctions.
- Verification: The verification process is crucial for the security of your account and compliance with regulatory requirements.
- Funding: The minimum deposit is $20 for standard and Islamic accounts. Various funding methods are available including credit card, bank transfer, and cryptocurrencies.
By following these steps and understanding the requirements, you can successfully open an account with Uinvex and begin trading across a diverse range of markets.
Is UINVEX a safe and legit broker? Is it regulated?
Uinvex operates as a market maker broker and is registered and regulated by the SVG Financial Services Authority (FSA) in St. Vincent and the Grenadines. While it adheres to standard regulatory practices, potential traders should weigh the pros and cons of its regulatory environment and operational model.
Key Safety Features
| Feature | Details |
|---|---|
| Regulation | SVG Financial Services Authority (FSA) |
| Client Fund Safety | Uses segregated accounts to protect client funds |
| Negative Balance Protection | Protects clients from losing more than their account balance |
| AML & KYC Compliance | Adheres to Anti-Money Laundering and Know Your Customer procedures |
Regulatory Considerations
- Jurisdiction: SVG’s regulatory framework offers more flexibility but generally less protection compared to stricter jurisdictions like the U.S. or EU.
- Market Maker Model: As a market maker, Uinvex may have inherent conflicts of interest, which could impact trade execution fairness.
Uinvex is a legitimate broker with regulatory oversight provided by the SVG FSA. It implements safety measures such as segregated accounts and negative balance protection. However, the regulatory environment in SVG is less stringent than in some other countries, which may affect the level of trader protection. Traders should evaluate their own risk tolerance and the adequacy of regulatory protections before engaging with the broker.
Potential clients are advised to conduct comprehensive research and consider all operational aspects of Uinvex to make an informed decision about using its services for trading activities.
Which account type of UINVEX is the best?
Uinvex provides a variety of account types tailored to meet the needs of different traders. Each account offers unique features, benefits, and conditions designed to accommodate varying trading styles and strategies.
Account Comparison
| Account Type | Features | Best For |
|---|---|---|
| Retail Account | Leverage up to 1:500, spreads from 1.3 pips, minimum deposit $20 | Beginner and intermediate traders looking for standard trading conditions |
| Islamic Account | Swap-free for the first 14 days, then standard swap rates, leverage up to 1:500 | Traders who require compliance with Shariah law |
| Demo Account | Risk-free trading with virtual funds, mirrors live market conditions | New traders wanting to practice strategies without financial risk |
| VIP Account | Enhanced trading conditions, personalized support, typically lower spreads | Experienced traders with high volumes |
See the Account Type Comparison
Best Account Choice
The best Uinvex account type depends on your trading experience, style, and specific needs:
- Retail Account: Offers a balance of features suitable for most traders, with competitive leverage and spreads.
- Islamic Account: Ideal for traders who need to ensure their trading is in line with Islamic finance principles.
- Demo Account: Perfect for beginners to practice trading in a simulated environment without risking real money.
- VIP Account: Best for high-volume traders who can benefit from more favorable trading conditions and personalized service.
Each Uinvex account has been designed to cater to different segments of the trading community. Evaluate your personal trading needs, experience level, and financial goals to choose the most suitable account type. New traders might start with a Demo account to gain familiarity with market conditions, while more seasoned traders might opt for the VIP account to maximize their trading strategies and benefits.
Spread Cost and Commission
Uinvex offers a straightforward approach to spread costs and commission structures, which are designed to accommodate both novice and experienced traders. Below is a detailed breakdown of these costs.
| Fee Type | Details |
|---|---|
| Spreads | Starts from 1.3 pips for major Forex pairs like EUR/USD |
| Commissions | No commissions on trades |
| Swap Fees | Swap-free for the first 14 days on Islamic accounts, then standard swap rates apply |
| Withdrawal Fees | $30 for withdrawals under $300 |
| Inactivity Fees | $10 per month after 6 months of inactivity |
Spread Cost Details
- Uinvex applies variable spreads, which can start as low as 1.3 pips for major currency pairs such as EUR/USD. This competitive rate is ideal for forex trading.
- Spreads can widen depending on market volatility, especially for less liquid instruments like commodities or cryptocurrencies.
Commission Policy
- Uinvex does not charge any commissions on trades, making it an attractive option for traders who perform frequent transactions.
- The cost of trading is incorporated into the spread, simplifying the fee structure and enhancing transparency.
Additional Fees
- Swap Fees
- For Islamic accounts, Uinvex offers a swap-free trading environment for the first 14 days. After this period, standard swap fees apply, which align with industry norms for overnight positions.
- Withdrawal and Inactivity Fees
- A fee of $30 is charged for withdrawals under $300, which is significant for traders making small withdrawals. Additionally, an inactivity fee of $10 per month is applied to accounts that have been inactive for more than six months.
The lack of trading commissions combined with competitive spreads makes Uinvex a cost-effective choice for traders. However, potential fees like withdrawal and inactivity fees should be considered when planning trading activities and fund management.
Maximum Leverage of UINVEX’s Accounts
UINVEX offers significant leverage options across various asset classes, providing traders with the ability to magnify their trading positions. Below is a detailed summary of the leverage available for different types of accounts and assets:
| Asset Class | Maximum Leverage |
|---|---|
| Forex | Up to 1:500 |
| Stocks | Up to 1:10 |
| Commodities | Up to 1:50 |
| Indices | Up to 1:20 |
| Cryptocurrencies | Up to 1:2 |
Details on Leverage for Each Asset Class
- Forex Trading
- Offers the highest leverage of 1:500, allowing traders to control large positions with a relatively small amount of capital.
- Stock Trading
- Provides a more conservative leverage of 1:10, reflecting the moderate volatility and risk associated with equity investments.
- Commodity Trading
- Leverage up to 1:50 is available, suitable for trading volatile markets such as oil and gold without excessive risk exposure.
- Indices Trading
- Medium leverage of 1:20 helps balance the exposure across various stocks within an index, reducing individual asset volatility.
- Cryptocurrency Trading
- The relatively low leverage of 1:2 is due to the high volatility inherent in cryptocurrency markets, aiming to protect traders from extreme market swings.
Key Considerations
- Risk Management: Higher leverage can lead to higher profits but also increases the risk of significant losses. It’s crucial to use leverage wisely and incorporate effective risk management strategies.
- Margin Requirements: Depending on the leverage, the margin required can vary significantly. Lower leverage on volatile assets like cryptocurrencies ensures that traders are not overly exposed to sudden market movements.
UINVEX’s leverage options cater to various trading strategies and risk appetites, from conservative stock trading to aggressive forex trading. Traders should consider their experience, risk tolerance, and the specific characteristics of the asset class when selecting leverage levels.
Minimum Deposit Amount of UINVEX
The minimum deposit required to open an account with UINVEX varies based on the type of account. Here is a detailed overview of the minimum deposits for each account type offered by UINVEX:
| Account Type | Minimum Deposit |
|---|---|
| Retail Account | $20 |
| Islamic Account | $20 |
| Demo Account | Free (Virtual Funds) |
- Retail and Islamic Accounts: Both account types require a minimum deposit of $20, making them accessible for beginner and average traders.
- Demo Account: UINVEX provides a demo account that requires no actual deposit, offering virtual funds for risk-free practice and testing of trading strategies.
Additional Details on Account Funding
- Payment Methods:
- UINVEX supports various payment methods for deposits including credit cards, bank transfers, and cryptocurrencies.
- Withdrawal Fees:
- A fee of $30 is applicable for withdrawals under $300 via bank transfer, with other methods having different conditions.
The low minimum deposit requirement at UINVEX makes it easy for individuals to access financial markets without a significant initial investment. Whether you are a novice looking to learn the ropes or a seasoned trader testing a new strategy, UINVEX provides a range of account types to suit different trading needs and preferences.
Withdrawal Process at UINVEX
Withdrawing funds from UINVEX involves a few key steps and conditions. Here’s an outline of the process and the associated fees:
Steps for Withdrawal
- Log into Account: Access your UINVEX account using your credentials.
- Navigate to Withdrawal Section: Find the ‘Withdraw’ option in the account dashboard.
- Choose Withdrawal Method: Select your preferred withdrawal method (credit card, bank transfer, or cryptocurrency).
- Enter Amount: Specify the amount you wish to withdraw and complete any required forms or details.
- Submit Withdrawal Request: Review the details and submit your withdrawal request.
- Verification and Processing: UINVEX may require additional verification. Withdrawals typically take 1-2 business days to process.
Withdrawal Conditions and Fees
| Method | Processing Time | Fees |
|---|---|---|
| Credit Card | 1-2 business days | No fees |
| Bank Transfer | 1-2 business days | $30 for withdrawals under $300 |
| Cryptocurrency | Instant | No fees |
- Minimum Withdrawal Limits:
- Different methods have different minimums; bank transfers require a minimum of $250.
- Proof of Ownership:
- For credit card withdrawals, you might need to provide proof of ownership, such as a recent statement.
- Security Checks:
- Withdrawals undergo security checks to ensure compliance with anti-money laundering regulations.
Get Access to the Client Portal
Key Takeaways
- Processing Time: Most withdrawals are processed within 1-2 business days, except for cryptocurrency withdrawals, which are instant.
- Fees: Be aware of the $30 fee for bank transfers under $300. No fees for other methods unless specified.
- Security and Compliance: UINVEX follows strict verification processes to ensure the security of transactions and compliance with financial regulations.
Understanding these details can help streamline your experience with withdrawals at UINVEX, ensuring you can manage your funds effectively and with minimal hassle.
Deposit and Withdrawal Conditions at UINVEX
UINVEX provides straightforward and user-friendly options for deposits and withdrawals, designed to accommodate traders’ needs efficiently. Below are the detailed conditions and fees associated with these transactions.
Deposit Conditions
- Minimum Deposit: The minimum deposit amount is $20 for credit cards and cryptocurrencies, and $250 for bank transfers.
- Deposit Fees: UINVEX charges no deposit fees, regardless of the method used.
- Processing Time: Deposits via credit card and cryptocurrency are processed instantly, while bank transfers may take 1-2 business days.
Withdrawal Conditions
| Method | Processing Time | Fees |
|---|---|---|
| Credit Card | 1-2 business days | No fees |
| Bank Transfer | 1-2 business days | $30 for withdrawals under $300 |
| Cryptocurrency | Instant | No fees |
- Minimum Withdrawal Limits:
- Varies by method; $250 minimum for bank transfers.
- Proof of Ownership:
- Required for credit card withdrawals to ensure security and compliance.
- Security Checks:
- All withdrawals are subject to security checks to comply with AML regulations.
Summary of Key Points
- No Deposit Fees: UINVEX encourages trading by not charging any fees on deposits.
- Withdrawal Fees: Pay attention to the $30 fee for bank transfers under $300 to plan your transactions accordingly.
- Quick Processing: Deposits are mostly instant except for bank transfers, ensuring that funds are available for trading without significant delays.
Understanding these conditions will help you manage your funds more effectively and avoid any surprises during transactions with UINVEX.
Receiving UINVEX Bonuses and Current Promotions
UINVEX offers several attractive bonus programs for new and existing traders. Each bonus comes with specific conditions and eligibility requirements. Below are details on how to receive these bonuses and the current promotions available.
Types of Bonuses at UINVEX
- First Deposit Bonus: Ideal for new traders making their initial deposit.
- Trading Credits: Awarded based on net deposits and trading activities.
- Verification Bonus: Offered for completing account verification.
- Completion Bonus: Granted upon completing your financial profile with all required documents.
How to Claim Bonuses
| Bonus Type | How to Claim | Conditions |
|---|---|---|
| First Deposit Bonus | Register and make your first deposit. | Must trade 30 standard lots within 60 days to retain the bonus. |
| Trading Credits | Based on net deposits over a specified period. | Credits are based on trading volume requirements proportional to the bonus. |
| Verification Bonus | Verify your phone number with an SMS code. | Only available for the first account verification. |
| Completion Bonus | Complete your financial profile with all required documents. | Applied once the account and documents are approved. |
Current Promotions
- First Deposit Bonus:
- Up to $5,000 based on your first deposit amount.
- Trading Credits:
- Receive trading credits for deposits made during promotional periods.
- Verification and Completion Bonuses:
- Receive a fixed credit for verifying your account and completing your financial profile.
Important Notes
- Eligibility: Each bonus may have specific eligibility requirements such as account type or trading volume.
- Expiration: Some bonuses have expiration dates or times within which you must meet certain conditions.
- Withdrawal: Bonuses may be subject to withdrawal restrictions or may need to be converted into tradeable amounts after meeting specific criteria.
Understanding these bonus terms and conditions can significantly enhance your trading experience with UINVEX by providing additional trading capital and rewards for your trading activities. Be sure to review all the requirements and conditions associated with each bonus to make the most of these opportunities.
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