UBK Markets
UBKmarkets is a broker company that provides access to trading on international financial markets. Operating since 2011. The activity is legal. There is a registered legal entity and address. Licensed to provide CySEC services (License No. 186/12) and carried out in accordance with MiFID, obtained in Cyprus. Trading conditions vary depending on the account type, spreads can be from 0 pips, no commissions, leverage can be up to 1:100. The minimum deposit amount is $25.
You can top up your balance in different ways. This can be a bank transfer, the deposit period is up to three days. Electronic money Webmoney, Qiwi, YandexMoney, Skrill, Neteller, virtual cash desk for accepting payments Ecompay, payments are credited instantly. Credit and debit cards Visa, Mastercard are accepted, depositing is instant. Withdrawals are available in similar ways. A prerequisite for withdrawing money is account verification. This is a personal identification procedure. To pass it, you must provide photographs of documents proving the identity of the owner of the deposit. It is also necessary to confirm the ownership of the account from which the money was deposited.
Types of trading accounts UBKmarkets.
Classic. Minimum investment amount is $25. The spread is floating from 0 points. Commission from $0.009. Minimum transaction 0.01 lot. Hedging and the use of robotic trading strategies are allowed.
IPA manager. It is possible to work only on currency pairs. Spread from zero. Commission from 16 points. The minimum transaction volume is 0.1 lot. The maximum number of simultaneously open contracts is 36.
IPA investor. Minimum starting capital is $100. Spread from 0. Commission from $0.016. Leverage 1:20
UBKmarkets platforms.
Web platform. Full set of tools and analytics. Works on all devices with Internet access. To work you need a browser that supports Flash animation.
PC version. Runs on the Windows operating system. Occupies 147 megabytes of disk space. There is a set for technical market analysis.
Version for mobile devices. Available on Google Play Market, for Android OS, in Appstore for IOS. It works faster than the browser version, has all the tools, similar to the PC version.
Training at UBKmarkets.
Methodological materials, a dictionary of terms, and an economic calendar are available for new traders. You can download e-books and watch videos.
Analytics UBKmarkets.
World market news and world economic news are regularly published. On their basis, fundamental analysis and technical analysis are performed. Predictions are made. Signals are sent directly to the platform, which allows traders to quickly respond to sudden changes in the situation.
Support
There is a customer support team available 24/7. Additionally, there is IPO markets info, which contains detailed instructions for working with the trading terminal. UBK Markets info, consists of questions and answers on the products provided by the company. It can be in writing, the answer will be available to all users.
Additional services for organizations from UBKmarkets.
Manage different instruments from a single trading account. Providing all types of reporting. Personal service and support. There is an opportunity to open your own business as part of an affiliate program. Conditions are discussed individually.
Reviews about UBKmarkets are different and contradictory. You can leave your own review, pointing out the pros and cons of the broker. Below are some of them.
Registration in the system
For those wishing to become part of the team, Ubkmarkets has created all the conditions, including a simplified registration model, which can be called very rare in the case of projects of this kind.
To do this, you will need to follow the link ubkmarkets.com to the official website of the company, where you fill out a simple form, indicating: your own name, the name of the participant in the system, password, Skype login and a valid e-mail, and then click on the “Next” button.
In the second form, you need to indicate your country of residence and phone number, agree to the terms and conditions, and click on the “Next” button again. Finally, confirm the specified phone number and email address, and only then log in to the site as a new partner.
How to make money with an affiliate program
The level of income depends entirely on many external factors, but primarily on the chosen technology, work activity and, of course, the applicable strategy.
Obviously, the greatest profit is received by partners who invest their own funds in the project, while the payment is fixed; those who manage other people’s capital receive a percentage payment:
- investor remuneration for one lot traded by a client – $4;
- the income of a classic trader from a similar financial transaction is $2;
- remuneration for the work activities of managers is 10% of the total income.
Thus, it is easy to calculate that the net profit of the IPA manager from one traded lot is from 20 to 40 cents. Compared to traders and especially investors, these are tiny amounts, but managers have their own advantage - they are not afraid of loss of capital, which means the risks associated with any operations are minimal.
IPA investing
There are as many advantages as disadvantages in this type of work activity and cooperation with an affiliate program. The first ones include: the highest income among other partners, optional analysis of financial markets, you don’t even have to delve into the intricacies of operations, others will do everything.
Such employment could be called passive income, if not for the other, less colorful side - the risk of capital loss that constantly haunts every investor, and the risk is quite high.
And this does not depend on the instincts, professionalism and experience of managers; no one is able to predict unexpected unfavorable changes in the financial market. After all, if you think logically, it turns out that in any financial transaction one party makes a profit only at the expense of the second, and there is no “antidote” to this.
IPA trading
And in this case there are much more opportunities, thanks to the diversity of trading as such. It differs in several models:
Classical
– implies carrying out various operations, no matter what they are expressed in, on the financial market, with the investment of one’s own funds.
Original
– a strategy for partners who remain traders, but take over the functions of IPA managers, receiving a decent income from this on a weekly basis.
Processed
– an original strategy that includes the use of IPA technology algorithms, an option that is quite interesting and not at all expensive. The whole point is in managing capital through intelligent processing of trading signals, reducing possible risks, and at the same time increasing income when concluding financial transactions.
IPA management
This category of partners is, without a doubt, the most widespread, knowledgeable and efficient of all. Although this type of activity does not require investment, it takes much more - all the free time of the IPA manager, all the reserves of patience, nerves and strength, both moral and physical.
It is quite obvious that this will require considerable knowledge about everything related to financial markets, experience, dexterity, composure and determination, and responsibility.
Even taking into account the presence of all these qualities, in order to make a profit, even the most minimal one, managers still need to prove their worth, earn the trust of investors, and, for starters, at least attract attention.
As for earnings, for their truly titanic work, they receive pitiful crumbs from what they earned for others.
Managers' portfolios
This is perhaps the most important tool of the affiliate program, allowing its participants to earn money. Portfolios contain important trading information, or signals that can be copied to achieve your own goals.
But more often, portfolios are purchased by IPA managers who are able to correctly calculate whether it can make a profit, minus the amount spent on its purchase. This is not as easy to do as it might seem, because a third of all portfolios do not bring anything other than direct losses, from half to two thirds of the total go to zero, and only a tenth is capable of generating income.
Innovation platform "UBK Markets": what you need to know about it
One of the main objects of promotion of the so-called broker is the iPro Marketplace terminal. It is designed for investment and management of client capital. UBK Markets calls it its exclusive. But in fact, this is an ordinary trust management with a loud name and rather strange working conditions.
Let's give an example. All transactions opened by the manager must be closed on Friday evening. At first glance, this requirement looks like an attempt to protect investor capital from weekend news that could collapse markets. But in reality, such terms of cooperation are not suitable for long-term investors. If so, the circle of those who will take advantage of the investment and management opportunities through the iPro Marketplace is significantly narrowed.
The terminal itself is UBC Markets’ own development. But it has pronounced features of popular platforms. Most similar to the famous MT4.
The SMARTGUIDE team is wary of brokers offering their own software. After all, they completely control trading. This means they can manage quotes as they please. UBK Markets is very much like a “kitchen”. This means that it has the ability to manipulate prices in such a way as to drain client deposits.
What you need to know about Simcord
This company was created, registered and maintains an office in Ukraine. It was in this country that she first went through the registration procedure. Apparently, it is led by Ukrainians and Russians.
SMARTGUIDE comment: most of the mentions and full reviews of “YUBK Markets” are written in Russian. We were able to find only one foreign website that talks about the work of this broker. But he was not given the highest rating.
The question arises: why is the broker registered in Cyprus if its main target audience is Russians, Ukrainians and Kazakhs (the website ubkmarkets.com is also translated into Kazakh)? After all, a CySEC license does not give the right to provide brokerage services in these countries without the permission of local regulators. But UBK Markets, of course, doesn’t have it.
Comment SMARTGUIDE
Some will say that a Cyprus license makes it possible to serve traders throughout Europe. It is much more profitable than registering with the central banks of Russia or Ukraine. This is true. Then why are the vast majority of UBC Markets clients Russian? If a broker is so focused on Europe, why has almost no one heard of it there?
It's simple. Offshore registration gives our hero the opportunity to evade responsibility if he has a conflict with a client. In this case, the latter will have to file a complaint with the Cypriot regulator. And to do this, you have to work hard: collect evidence that will help convince CySEC to impose sanctions. Judging by the reviews, UBK Markets acts very competently. He scams clients so that they cannot make claims and are convinced that they themselves are to blame for the loss of money. Otherwise, the broker would not have been able to exist for more than 9 years.
Broker or not
Our team managed to find reviews about UBK Markets dating back to 2012. At the time, it was viewed solely as a low-interest HIYP, as it offered investment in exchange for promises of high income and a substantial reward for participating in the referral program.
On one of the forums, criticism of UBC Markets was responded to by a person who introduced himself as its manager. He stated: he has been working in the company for 1.5 years. And for those under whose patronage I got into the state - more than 4 years. Please note: this comment was posted in 2012. That is, just a year after the appearance of UBK Markets. This was the first bell that prompted the idea that the hero of this review was a fraudster.
SMARTGUIDE's comment: The fact that a project with a bad reputation is still afloat is truly surprising. The terms of trade he offers indicate the “kitchen”. But since it still exists, it turns out that someone still manages to withdraw money.
Contact details
There is no email or phone number for technical support on ubkmarkets.com. Traders are offered to order a call back. Anyone who uses this option will have to leave their number.
According to the SMARTGUIDE team, the lack of contact information is most likely due to the pyramidal structure of UBC Markets. One of the broker's representatives gets in touch with the potential client. For example, someone who is in the same country with him.
Representation on the Internet
UBK Markets has accounts in 2 social networks and video hosting:
- Facebook. 2600 subscribers. Activity is moderate. There are likes and reposts, but no comments. 2600 subscribers are not enough for a broker who has been working for more than 9 years. Apparently, he is not as popular as he tries to show.
- VKontakte. 1922 subscribers. Activity is present, but very weak. There is a possibility of cheating. Considering that the target audience of UBC Markets is Russians and Ukrainians, it is very strange that the VKontakte social network has such a modest audience.
- YouTube. 1006 subscribers. There are only 3 old videos on the channel. There are almost no comments. The probability of cheating is very high.
SMARTGUIDE comment: UBK Markets does not promote its brand on social networks. Most likely, clients are sought through referrers. And this once again confirms: this is not a broker, but a financial pyramid.
SMARTGUIDE opinion
Thanks to legal documents, extensive work experience and the presence of a real management company certified in different countries, UBK Markets seems to be an honest broker. But there are several inconsistencies that suggest that we are facing another “kitchen”.
If you carefully study the terms of cooperation, even without reviews it becomes clear: UBC Markets is no better than Russian dealers. Moreover, if they violate their obligations, they can complain to the police or the Central Bank. In the case of our hero, he will have to do the impossible - establish contact with the offshore regulator, which did not give him the right to serve Russians.
