UnitedPips Forex broker review — What you need to know

UnitedPips is the company’s trade name, which is a Forex and CFDs broker, operating globally. The broker was established in 2016 and offers trading services without any license.

Let’s review UnitedPips CFDs broker and evaluate its safety, regulations, assets, accounts, spreads, leverage, support, platforms, and more.

After reading this review, you will define whether the UnitedPips broker can be trusted with your money.

UnitedPips Overview of the website

The website of UnitedPips feels snappy and responds to every mouse click very quickly. It is designed very professionally as there are no unnecessary colors. The information is well-ordered. All crucial information is provided to help users understand what the broker offers, which is crucial when visiting a broker’s website. The live chat plugin is built inside the website providing timely assistance in case of emergency.

Overall, the website of UnitedPips is very good and does a good job of providing all the details while being user-friendly and responsive.

UnitedPips Accounts Reviewed

UnitedPips trading accounts are two: standard and premium, and there is a VIP account provided as well. The standard account offers a commission-free trading experience while the premium is focused more on providing lower spreads. Both accounts are expensive and only VIP offers competitive conditions. There is no trading account with 0 pips spreads, which is a drawback for this broker’s competitiveness.

UnitedPips Standard Account

The UnitedPips standard trading account is for general FX trading purposes and provides the following conditions:

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

As we can see, traders are limited by the maximum bonus and lot size they can get, and the spreads are very expensive from 2 pips, making this account unattractive.

UnitedPips Premium Account

The premium account has slightly more attractive conditions but it has higher minimum deposit requirements:

• Minimum deposit – 2,000 USD
• Maximum leverage – 1:500
• 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

While offering slightly improved conditions, spreads are still high, and the minimum deposit requirement is very high at 2k USD.

UnitedPips VIP Account

The VIP account has no commissions either and spreads are lower, but the minimum deposit required is very high:

• Minimum deposit – 10,000 USD
• Maximum leverage – 1:200
• 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, the broker is not competitive and has mostly high spreads and high minimum deposit requirements, which makes it unsuitable for scalpers and other intraday traders.

Deposit and withdrawal options at UnitedPips

The broker clearly and transparently discloses its deposit and withdrawal conditions, which is a green flag. There are multiple payment options supported and processing times are competitive ranging from 1-24 hours to 1-72 hours, depending on the payment method. The fastest withdrawal processing times are offered on PayPal transactions, while e-wallets require 1-3 business days. Most payment methods are commission-free for both deposits and withdrawals, while PayPal and PerfectMoney have withdrawal fees.

UnitedPips Assets — What can you trade?

UnitedPips allows you to access diverse markets such as Forex markets, commodities, and cryptos. There are no indices offered, which is a drawback. The broker not offering stocks is also a downside for multi-asset traders. From FX pairs, traders can access major pairs, minors, and even exotics. From commodities, only precious metals are available and cryptos offer few popular major digital currencies. With access to 1:1000 leverage, traders can control large trading positions and beginners must be careful as the broker does not provide the negative balance protection.

Trading platforms of UnitedPips

The broker provides access to a UniTrader trading platform software. UniTrader is a comprehensive trading platform developed by Boston UniSoft Technologies. It was designed for multi-asset trading capabilities and supports Forex, CFD, and crypto markets, exactly the markets UnitedPips allows access to. Traders can choose between standard and pro versions and it is available on desktop as well as on mobile devices like iOS and Android smartphones, and tablets.

Education at UnitedPips

When it comes to educational resources, UnitedPips offers a Forex glossary, a knowledgebase, and market news. There are also few tools provided like calculators for defining margin levels. The knowledgebase is a dedicated section where learning materials are sorted by topic. This base combines tutorials on how to set up a trading account and use a platform to learn materials for Forex markets. There are no video tutorials or webinars available, which is a minor drawback but overall the section is very well-ordered and provides a solid starting point.

UnitedPips Customer Support

Customer support experience at UnitedPips is provided via live chat, email, and hotline support channels. This is very diverse and the live hat is especially useful to contact the broker personnel fast. There is also an FAQ seduction available. Both the website and support options are only available in English language, which is a drawback.

UnitedPips bonuses and promotions

The broker offers a 40% deposit bonus. It is advertised on the main page but the details are scarce and traders have to search conditions to find exact details which is not comfortable. There are no other promos or bonuses available, except for this one bonus, which is inconvenient.

Is UnitedPips your broker? Final verdict

UnitedPips is an unauthorized FX broker launched in 2016. Despite the experience it lacks proper regulations. It offers very high leverage (up to 1:1000) and a 40% deposit bonus. UnitedPips provides limited asset choices, high spreads, and high minimum deposits for better account types. Its main platform is UniTrader, a 3rd party multi-asset trading platform. Overall, the broker is not safe enough to recommend to our readers, stay away.

FAQs on UnitedPips broker

Where is UnitedPips based?

UnitedPips is registered in Saint Lucia and has headquarters there, but is not regulated by local authorities.

Can you withdraw from UnitedPips?

We can not confirm that the broker actually allows profit withdrawals, stay safe.