uBanker aims to provide their traders with the best trading conditions on the market to make their trading experience as easy and profitable as possible.
Deposits at uBanker
Every uBanker trader can start trading after a $200 deposit. You can open an account with US Dollars. All deposits in other currencies will be converted into US Dollars.
Trading Hours at uBanker
uBanker clients will be able to trade on the markets from 22:00 GMT on Sunday night until 22:00 GMT on Friday night. However, CFDs have their own trading hours, outlined below:
- US Market CFDs are traded from 2:30 pm – 9:00 pm GMT, Mondays to Fridays.
- European & British Market CFDs are traded from 8:00 am – 4:30 pm GMT, Mondays to Fridays.
- Asian Market CFDs are traded from 0:00 am – 2.00 am GMT and 3:30 pm – 6:00 pm GMT, Mondays to Fridays.
Margin Liquidation at uBanker
When your account equity reaches zero all your open positions are closed automatically by the system – this is called margin liquidation. At uBanker we take safety very seriously and that is why all our clients’ money is protected. The margin liquidation is our way of keeping your balance from becoming negative.
Market Conditions at uBanker
uBanker has in place a no slippage policy, which means that all spot orders are executed at the price a client clicks/quotes during regular market conditions.
When the market’s conditions are volatile uBanker clients will receive consistent ask (buy) and bid (sell) prices with fixed spreads. Spot orders will be executed at the price the trader quoted.
|FOREIGN EXCHANGE CURRENCY TRADING (FOREX):||1:200|
|CFD ON INDICES:||1:100|
|CFD ON SHARES:||1:10|