I strongly caution against engaging with uexo, as my experience suggests they operate as a scam company. Be wary of any involvement, as it may result in financial loss and unfavorable outcomes. I've gotten my money back and that was the only way I could go about it. I got help from. (I USED THEIR WEBSITE URL AS MY DISPLAY NAME AND PROFILE PICTURE ON THIS REVIEW INCASE YOU NEED HELP AND WANT TO REACH OUT TO THEM). Note: I did this because of the strict policy over here and honestly i just want to help as many people as possible to get their money back.
Uexo does;not offers any educational materials, which is a minus for new traders. On the other hand, the broker has a demo account and lots of analytical tools. The analytics, in particular, help me stay on top of market trends, although an acquaintance adviced me to use other external tools to keep fresh on what the markets do.
Their custom platform is neat and works really good, so I cannot really complain about anything. My trades are executed properly so I am not stressed.
I only recently discover the UEXO platform and although it is a relatively new trading platform, it seems to know traders pretty well. I like its concept of making everything as simple as possible. The onboarding procedure was pretty simple and quick. In general, its platform is friendly.
Also, I like the market range and the spreads I get on my account.
However, I believe this platform is more suitable for advanced traders. Beginners might be a bit disappointed with the lack of educational resources compared to some other brokers.
Yup, this would be my short overview of Uexo broker.
Uexo seems to be a decent platform and a modern one.
I know that in most cases modernity is perceived like a drawbacks, because it eans that the platform hasn't acquired any recoggnition yet and some traders prefer to work with more time-proven brokers, nonetheless if the broker cmplies with all rule and work decently, then why not to give it a shot.
I assessed the platform by the payment procedure. It was fast and money came in time, in the same amount as I had sent them :))
Oil and gold trade here is good, the bigger the order, the nicer it feels to me. All accounts have swaps, exept for the giga-expensive one, is my only criticism. I started with Standard, switched to gold when I saw the broker is OK with execution, doens't feel like i'm getting scammed out of my money on gold, the spread & commission are low enough.
I'm really feeling like you're not welcome here if you dont make money trading though, the money requirement is very big, the education is non-existant, and the stop-out level is crazy low, 20%, I only ever witnessed it at 30% or 40% with other brokers. Safe to say, if you're a newcomer in the trading space, it might be very rough out there. For people making good money however, to me, uexo feels worth it.
First things first, what to look for is the documentation of the company and how do they present it. In this case, it is good that they have put all the legal documents, maintaining a full transparency and not hiding any info. Moreover, it is important that they follow the KYC procedures to prevent money laundering. By observing these factors, it can be concluded that the company is credible and solid.
But, for the full transparency, there should be a full info on the team and company structure as well.
On their website it was written that they have chat support, but I couldn;t find the feature. Maybe it is now available only for registered clients, I am not there yet.
Just wanted more information about the trading costs, and wrote them an email. They respond pretty quickly, which proves that this broker is committed to good customer care.
There are certain companies that just feel right to me. When I saw the amount of assets they are offering, and the licenses, and the trading environment, it just clicked.
MT has nothing on their uexoTrader, that is for one thing. I feel uexoTrader is at least 10% faster on execute! There's also a lot less hurdles when trading, and its more pleasant on the eyes.
I read some news about the EV industry and I decided to give trading tesla a try... lol. Because of the down trend that industry has had in the past months, I decided to use small lots, and guess what... the tesla stock went up.
Anyway, uexo broker offers great tradiing conditions and generally a great trading environment. Whether you are a novice or an expert, the broker pretty much has a place for all traders. For example, there are trading signals available... a feature that novice traders will appreciate.
As far as I know UEXO broker is regulated by FSCA and FSC regulators and traders can be confident in the safety of their funds and personal information.
Answer: I'd go with a standard account if I were you. It is important that you don't risk much on your trades in the beginning of your trading journey, so take it slow :)
Answer: I wanted to go for Pro, but turns out it is a little bit out of my budget😃 I am with Gold rn, it's not bad really. One negative is that I gotta pay comission, but spreads are much lower too. Pretty much satified with it for now, maybe will go for a pro in the future... If you are a beginner, pls go for standard, it is better that way, so you can learn and then go for a better option.
Answer: I think yes, if you use standard account, it is good enough. Spreads are not so small on it, but 2-3 pips shoudln;t ruin a swing-trading strategy. Totally optimal swap-free account with Uexo is only from 500k investment, its hard to get though if you're not filthy rich already, which is a bit of a shame. Scalping at uexo is best on Pro from what I see btw, in case anyone asks.