UnitedPips Forex Review

Read our full UnitedPips review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased UnitedPips opinion allows our readers to decide whether UnitedPips is a reliable broker.

UnitedPips Forex Broker History

UnitedPips is a Forex broker that mainly offers CFDs. It was launched in 2016, which makes it very experienced in its industry. However, the broker is not licensed yet, despite this experience with the industry, which is a red flag. It offers several account types but there are no 0 pips spread accounts, which is a drawback. The broker provides three trading platforms—Classic UniTrader, Pro UniTrader, and Mobile Trader, which is a third-party trading software. Higher-tiered accounts get better conditions but base spreads are very expensive.

UnitedPips broker safety

UnitedPips is not a safe broker because it lacks regulatory oversight. The broker is not overseen by any authorities and is only registered in an offshore jurisdiction, Saint Lucia. As a result, it does not employ segregated bank accounts, which is a major security risk.

The broker does not provide negative balance protection either, which is a serious issue as beginners can easily go into minuses because of the 1:1000 leverage the broker offers.

Overall, the broker’s safety is very questionable and UnitedPips is a very risky CFDs and FX broker.

UnitedPips Broker Review of Accounts

UnitedPips offers no wide choices when it comes to account types. This is because all of its accounts are just STP trading accounts that offer commission-free trading for high spreads. Let’s briefly overview each of them to define whether they are tradable at all.

The UnitedPips Standard trading account has the following trading specifications:

• Minimum deposit – $10
• Maximum leverage – 1000:1
• Spreads from – 2 pips
• Commissions – 0 USD
• Deposit bonus – 40%
• Maximum bonus cap – $500 ჴ
• Minimum lot size – From 0.01 lots
• Maximum lot size – 1 lot

The UnitedPips Premium trading account offers the following specs

• Minimum deposit – $2,000
• Maximum leverage – 500:1
• Spreads from – 1.5 pips
• Commissions – 0 USD
• Deposit bonus – 40%
• Maximum bonus cap – 1,000 USD
• Minimum lot size – From 0.01 lots
• Maximum lot size – 10 lots

The UnitedPips VIP trading account has the following conditions for trading:

• Minimum deposit – $10,000
• Maximum leverage – 200:1
• Spreads from – 0.7 pips
• Commissions – 0 USD
• Deposit bonus – 40%
• Maximum bonus cap – 2,000 USD
• Minimum lot size – From 0.01 lots
• Maximum lot size – 100 lots

As we can see, spreads are super high on standard accounts while the maximum accessible lot size is 1 lot, which is very disadvantageous.

UnitedPips instruments

UnitedPips offers access to FX pairs, commodities, and cryptos. This is a limited range as there are no indexes available and stock trading is impossible as well. Only metals are provided for trading from the commodities asset class. As we have mentioned, the standard account is expensive and imposes maximum lot size limits on traders, which makes it attractive. Leverage is more than enough capped at 1:1000 to allow traders to control considerable trading power.

UnitedPips Reviews of Trading Platforms

UniTrader is the trading platform offered by the broker. The platform is a third-party trading solution. It is available for both desktop and mobile devices like iOS and Android and supports multi-asset trading. The broker allows traders to select between the standard and pro versions of UniTrader. The platform is not as advanced as popular platforms out there like MT4 and MT5 but still provides an edge when compared to custom web platforms.

UnitedPips Forex Review of Extra Features

The broker offers several key features that are extra. There is a dedicated educational academy section where a trader can learn basic FX trading concepts as well as find tutorials for account management, platforms, and other trading-related conditions.

There is a 40% deposit bonus available but the broker fails to provide details about its conditions and requirements.

UnitedPips margin calculator can be a nice addition to traders’ arsenal to calculate their position sizes with ease.

UnitedPips Reviews of Customer Support

UnitedPips customer support is excellent as the broker provides access to all crucial channels like live chat, email, and phone support. The availability of both phone support and live chat is an important green flag. The live chat is built inside the website and provides quick contact with the broker customer support representatives. Unfortunately, the website’s support is only available in the English language.

UnitedPips Deposit and Withdrawal

UnitedPips allows several payment options for funding purposes, including PayPal, Visa, MasterCard, PerfectMoney, cryptos, and Zelle. The broker offers all the crucial details regarding deposits and withdrawals in a dedicated section, which is useful. There are fees charged for withdrawals when using PayPal and 0 USD fees are required for other options. Deposits are mostly fee-free. Only crypto, PerfectMoney, and Zelle support a minimum of 10 USD in deposits while bank cards and PayPal require 50 USD for funding.

UnitedPips Review Conclusion – can you trust UnitedPips?

UnitedPips is an unregulated FX/CFD broker founded in 2016. It offers very high leverage, limited asset classes, and commission-free accounts with high spreads. While the broker provides multiple accounts, an advanced trading platform, and diverse customer support channels, its lack of licensing and weak safety measures make it very difficult to recommend.

FAQs on UnitedPips

Is UnitedPips a scam?

UnitedPips scam is highly likely as the broker is registered in offshore jurisdictions like Saint Lucia and is not regulated by any authorities.

What is the UnitedPips minimum deposit?

The smallest minimum deposit at UnitedPips starts from 10 dollars on its standard account, which is very competitive.

Is UnitedPips a cheap broker?

No. despite low minimum deposit requirements, the broker has very high spreads from 2 pips on standard accounts.