- Unleashing the Facts
- Account offers not so tempting
- Does not have verifiable testimonials
- All trading options are not suitable for new traders
- Live chat support option missing
Are you planning to sign up with Ucapital for trading? Well, it is better to gather some background insight about this broker first. This trading broker was founded way back in 2017. This platform is based in the Marshall Islands.
Before opting for any broker you need to check out whether the broker is regulated or not. The biggest issue with Ucapital is that it is not regulated. They also offer a limited number of assets. At the moment Ucapital offers about 5 commodities, 15 individual stocks and about 29 currency pairs. They offer about 6 indices also.
Ucapital offers about five different accounts. This includes the Micro, Mini, Standard, Gold and Platinum account. Now, if you decide to go with the Micro account, then you have to make an initial deposit of about $250 and the platform promises a profit percentage of about 70%. The welcome bonus for the Micro account is about 20% and they claim to offer free signals as well for a period of 14 days.
The bonuses depend upon your account size.
If all this sounds too enticing, then we suggest that you look at the entire scenario with a critical point of view. First, of all you cannot be 100% confident that you will get a payout of about 70% till you have been trading using this platform for quite some time.
If you think that the free signals will make you a fortune, then remember that there is no authenticity about the signals. You will know the real game when you have been trading in the market for quite some time.
The biggest issue with Ucapital is that you will not be able to get your hands on verifiable testimonials. This is a major setback because you cannot trust a broker if you do not have a clear picture about how people have found the particular broker.
Ucapital offers four different trade types. A platform needs to categorize its trading options in a way that a trader can try out all the options. However, this does not turn out to be the case with Ucapital.
The new traders can try out their luck with long-term trading opportunities and the today option. The problem is that 60-seconds trade and speed trading can only be tried out by the experienced traders because these trades can be more volatile.
You will also miss out on the presence of live chat support when you opt for Ucapital. The benefit of live chat support is that you can put forward on the spot questions that come to your mind.
Another problem with Ucapital is that it does not give access to the US traders.
After knowing all the loopholes we suggest that you should not choose Ucapital. Invest your trust in a more trustworthy platform that has better offerings to make your trading career a success.