Overview of UKDE LIMITED
UKDE LIMITED is a China-based brokerage established in 2021, offering trading services in forex, precious metals, and cryptocurrencies through STP and ECN account types. The broker operates without any formal regulation, which is critical for potential traders to consider due to the inherent risks and lack of protective oversight. They provide trading on a versatile platform accessible through both web and mobile, supported by a range of advanced trading tools.
Is UKDE LIMITED Legit？
UKDE LIMITED is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. Traders should exercise caution and be aware of the associated risks when considering trading with an unregulated broker like UKDE LIMITED, as there may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices.
Pros and Cons
UKDE LIMITED offers a comprehensive trading environment with a diverse range of instruments including forex, precious metals, and cryptocurrencies, available through multiple trading platforms like web terminals and mobile apps. The broker also provides advanced trading tools and the option to choose between STP and ECN accounts, catering to various trading strategies and experience levels. However, the significant downside is its unregulated status, which raises concerns about the security of funds and operational transparency. Additionally, the lack of detailed information on trading conditions such as spreads, commissions, and minimum deposits may deter informed decision-making among potential traders.
Trading Instruments
UKDE LIMITED offers trading on a diverse range of asset classes, including CFDs on Forex, precious metals, and cryptocurrencies.
Here is a comparison table of trading instruments offered by different brokers:
Account Types
UKDE LIMITED offers two types of trading accounts: the Classic Account (STP) and the Quantum Account (ECN), catering to different levels of trading experience and transaction types.
How to Open an Account
To open an account with UKDE LIMITED, follow these steps.
Visit the UKDE LIMITED website. Look for the “Sign up” button on the homepage and click on it.
Sign up on websites registration page.
Receive your personal account login from an automated email
Log in
Proceed to deposit funds to your account
Download the platform and start trading
Leverage
UKDE LIMITED offers a maximum leverage of 400:1 across various trading instruments.
Here is a comparison table of maximum leverage offered by different brokers:
Spreads and Commissions
UKDE LIMITED offers spreads and commissions across various currency pairs. Spreads start at 0.1 pips for major pairs like AUDUSD and EURUSD, and go up to 1.5 pips for less common pairs like USDHKD. Average spreads range from 0.4 to 2.0 pips.
Trading Platforms
UKDE LIMITED offers a versatile trading platform accessible via web terminal and mobile apps, enabling trading on multiple devices.
Deposit & Withdraw Methods
UKDE LIMITED supports deposits from all banks, with daily limits determined by the bank's own restrictions. Withdrawals and funding requests are processed through customer service, ensuring a secure transaction system for all transactions.
Customer Support
UKDE LIMITED provides customer support via email at ukdelimited@gmail.com.
Trading Tools
UKDE LIMITED provides a wide range of trading tools featuring advanced trading features and data analysis to enhance the trading experience.
Conclusion
UKDE LIMITED provides a versatile trading platform that offers a wide range of trading instruments including forex, precious metals, and cryptocurrencies. The availability of both STP and ECN accounts, along with advanced trading tools and support for multiple devices, enhances the trading experience for diverse trader profiles. However, the brokers unregulated status introduces significant risks, particularly related to fund security and lack of transparency. Potential traders should carefully consider these risks and the limited disclosure of crucial trading conditions when evaluating UKDE LIMITED as a trading partner.
FAQs
Q: Is UKDE LIMITED regulated by any financial authority？
A: No, UKDE LIMITED is not regulated by any recognized financial authority.
Q: What types of trading accounts does UKDE LIMITED offer？
A: UKDE LIMITED provides two main types of accounts: Classic Account (STP) and Quantum Account (ECN), designed to meet the needs of different trading strategies.
Q: Can I trade on mobile devices with UKDE LIMITED？
A: Yes, UKDE LIMITED supports trading on mobile devices through its mobile apps, in addition to its web terminal.
Q: How does one fund an account at UKDE LIMITED？
A: Accounts can be funded through any bank, with the specific daily limits set by the bank used for the transaction.
Q: What customer support options are available at UKDE LIMITED？
A: Customer support at UKDE LIMITED can be accessed via email at ukdelimited@gmail.com.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
