UWC (United World Capital) Broker

[IrishBarron]

Has anyone used UWC (United World Capital) Brokerage?
They seem to have extremely low spreads, (maybe too low) I've gone to their website and it says 0 as the spread! That can't be right.
Just wondering if its a scam or not?
I used a demo account of FXCH and their spread on the Majors is 1pip.
but I was told to stay away from them because they are not regulated.
Just wondering if anyone has any thoughts on the subject?

[pakorafx]

Wow, why would you go with them?? seriously, I would love to know what actually drove you even consider them. As far as I can see (I just opened their website as I've never heard of them) there is absolutely nothing at all about them that is Swiss, it is a complete con by the looks of it. Based in the Dominican Republic "ding dong" hear the alarm bells ringing? Pictures of Swiss buildings, ouch!

UWC, what is it with you, you have something against US, UK or European even Australian brokers? Honestly, why would you not look at them, Cyprus? There are so many reputable brokers coming out of other world regions, brokers that have actually been around for more than a few months (UWC founded in 2008), that are regulated by solid bodies such as the NFA, FSA, BaFin, ASIC and FINMA? Why don't you have a look at my broker, they really are Swiss , STP and have been around since the early 2000s, try out their demo at ac-markets.com

[pakorafx]

BTW, if you are learning, have a look at the etoro platform and obviously this site

[IrishBarron]

I never said that they are Swiss! LOL

I was simply asking a question! Scam or not! Simples!!!

As for ACM, I have had their demo accounts for several months and they are good, However their spreads widen quite a bit.
As for the Swiss regulation, its good but it isn't the best, The best is American or British regulation.
Check out Crown forex........Belly up!

[LTX]

Originally Posted by IrishBarron

Has anyone used UWC (United World Capital) Brokerage?
They seem to have extremely low spreads, (maybe too low) I've gone to their website and it says 0 as the spread! That can't be right.
Just wondering if its a scam or not?
I used a demo account of FXCH and their spread on the Majors is 1pip.
but I was told to stay away from them because they are not regulated.
Just wondering if anyone has any thoughts on the subject?

IMO
its not scam coz many people have used it and withdraw
but the spread is only at 0.1% of the time is 0 spread
99.9% of time is got 2 pips spread e/u

[Warrenfra]

I dont know about you guys but I have been trading with UWC since 2008 and I have had no problem with them apart from the usual stuff..... I chose them because being regulated in Cyprus.... An EU member country their regulatory body CYSEC oprates in the same standards as NFA, FSA, BaFin, ASIC, actually if you go on these bodies websites you will then see United World Capital listed there.... That then means that these bodies acknowledge the authority and capability of Cysec to regulate United World Capital, I have friends in US, Australia, South Africa and other countries who also use United World Capital and they too are as happy as I am, If you look at the webste you will see that their spreads are floating spreads and range from 0 - 4 pips and this has now been changed to being based on the fourth digit as they have now done away with the fifth digit... Finally check the fact that UWC is a member of the investors compensation fund which insures its clients.... This is all on their web site and that alone should say something about the credability of them.... Pakorafx before you jump in to make comments have a look at the question you are being asked...... Do a bit of research and post correct information instead of misleading others...