UBCFX Ripple Broker review
As we saw an amazing increase in activity and popularity of trading cryptocurrencies , UBCFX Ripple and Forex Broker offers this cryptocurrency among others to their traders.
With Fair trading conditions and 2 of the best trading platforms in the market they made trading cryptocurrencies accessible to anyone
Why Trade Ripple
Ripple is one of the top four coins as per market capitalization. Even with the current dip in price, Ripple is still striving in some areas.
Many companies and especially banks are ready to go into partnership with Ripple and some are already sealing exciting deals. This has slowly made Ripple one of the top blockchains to be adopted massively. Ripple’s xCurrent technology has been adopted by numerous financial institutions around the world. and this trend will only continue.
Why Trade Ripple with UBCFX
This makes trading Ripple more exciting and a better options then some of the other cryptocurrencies. UBCFX is embracing this direction with offering trading in Ripple in the following way:
|Symbol||Units||Spread||Margin Requirements||Leverage||Swap||Trading Amount (Min - Max)|
|XRPBTC||BTC||Fixed: 200||20%||1:05||Short: 0, Long: 0||2,500-100,000,000, in steps of 2,500 XRP|
|XRPEUR||XRP||Fixed: 2.5||20%||1:05||Short: 0, Long: 0||2,500-100,000,000, in steps of 2,500 XRP|
|XRPUSD.||XRP||Fixed: 3||20%||1:05||Short: 0, Long: 0||2,500-100,000,000, in steps of 2,500 XRP|
Like the way you trade Forex, cryptocurrencies trade against other currencies in a pair, such as Ripple against USD, or against EUR. you don’t actual buy crypto coins, CFDs are an option.
You do not buy the asset but trade on the movement of the cryptocurrency as it rises and falls on the volatile market. With the UBCFX crypto CFDs, traders can go both long and short without actually holding the asset itself.
generic cryptocurrency Trading conditions
- swap free trading
- low leverage
- clear margin call % requirement
- Fixed or variable Spread
- able to go short or long
UBCFX's demo account offers a full functioning demo account that has $10,000 usd in there. It will give you the chance to get used to their platform and play around.
Of course, UBCFX offers an Islamic account as well and this is avalaible forall accounts
If you decided to take your trading to the next step, the opening of a standard account would be the next logical step. The minimum investment required in this case is $500.
Of course, you can expect eToro to offer you a bonus on your first deposit and additionally, once trading, there are all kinds of promotions (mostly seasonal or event based) of which you will be informed of by email/phone.
Deposits and Withdrawals
Depositing at UBCFX can be done in a variety of ways.
Of course there are credit card processors in place which accept both visa mastercard and American Express. Additionally, there are Alternative Payment Providers such as , Qiwi, Sofort, Neteller, Webmoney and Ideal
Lastly, you can also send wire transfers from your bank account to theirs. Please keep in mind (its normal although) that there might be some wire fees from UBCFX its side once you are receiving a withdrawal. These amounts vary between $5 and $25 and the arrival of the funds can take from 2-5 business days. (depending on holidays, weekends etc)
Both the depositing and withdrawal procedures can be done with ease. asking a withdrawal here is rather easy.
A GOOD place to trade cryptocurrencies!
In our opinion, the combination of the trading platforms they offers and cryptotrading goes together in an excellent way. the correct cryptocurrencies are available and Ripple can be traded in 3 different currency pairs .Their service is up to par and the trading conditions are fair an transparent.
they also offer trading signals but i did as yet not receive any signals for the cryptocurrency Ripple.
Verdict: a good choice to trade Ripple ( XRP)
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Trading Forex, Stocks and CFDs carries risk and could result in the loss of your deposit, please trade wisely.