UnitedPips is a forex and CFD broker that offers online trading services to clients worldwide. It is an offshore broker based at Block A, Apt 149, High Street, Castries, Saint Lucia. The broker provides access to a range of trading instruments, including forex pairs, metals, and cryptocurrencies. As an unregulated broker, UnitedPips can offer high leverage and unrestricted trading conditions, which are often limited by many regulated brokers. However, trading with an unregulated broker also comes with certain risks that traders should consider.
In this review, we will take a closer look at UnitedPips, covering its features, advantages, and disadvantages. We will also answer some of the most common questions traders have about this broker. By the end of this review, you will have a clearer idea of whether UnitedPips fits your trading needs and preferences.
What is UnitedPips?
Founded in 2016, UnitedPips is an offshore forex and CFD broker providing online trading services to traders worldwide. The broker offers restriction-free conditions, allowing all major trading styles, including scalping, hedging, and news trading. Traders can access a wide range of markets, including forex pairs, metals, cryptocurrencies, commodities, and global indices, with leverage of up to 1:1000. The broker supports trading through its proprietary UniTrader platform, available in Classic, Pro, and Mobile versions.
UnitedPips offers three account types—Standard, Premium, and VIP—to suit different trading preferences. The minimum deposit starts from $10 when using cryptocurrencies, while credit/debit card and PayPal deposits require a minimum of $50. For funding and withdrawals, traders can use cryptocurrency, credit/debit cards, or PayPal. With its flexible account options, diverse trading instruments, and high leverage, UnitedPips provides offshore traders with an accessible and versatile trading environment.
Plexytrade at a Glance
- Founded Year: 2016
- Headquarters: Block A, Apt 149, High Street, Castries, Saint Lucia
- Minimum Deposit: $10
- Maximum Leverage: 1:1000
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: UniTrader (Classic, Pro, Mobile)
- Account Types: Three ( Standard, Premium, and VIP Account)
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Debit and Credit Cards, PayPal, and Cryptocurrencies
- US Traders: Accepted
Key Features:
- Trading Instruments: Currency Pairs, Precious Metals, and Cryptocurrencies
- Maximum leverage: 1:200 for VIP Account, 1:500 for Premium Account, and 1:1000 for Standard Account
- Minimum Deposit: $10 Cryptocurrency, Credit and Debit Card $50, PayPal $50
- Account Types: Three ( Standard, Premium, and VIP Account)
- Trading Fees: Spread starting from 0.7 pip for VIP Account, 1.5 pips for Premium, and 2.0 pips for Standard Account.
- Hedge: Available
- Scalping: Allowed
- Deposit and Withdrawal Methods: Debit and Credit Cards, Cryptocurrencies, Perfect Money, PayPal.
- Deposit Bonus: 40%
Pros and Cons of United Pips
Pros
- High leverage options (up to 1:1000) for experienced traders.
- Multiple account types to suit different trading needs.
- User-friendly platforms, including mobile trading.
- Competitive spreads starting at 0.7 pips.
- A variety of deposit and withdrawal methods, plus a 40% deposit bonus.
- Tight and Fixed Spreads
- Wide Range of Tradeable Assets
- Crypto Margin Percentage
- 24/7 Customer Service
- Instant Deposits
- Crypto Deposit Discount
- Zero swap fees or commissions
- Although being handed off mid-chat due to shift changes during testing was frustrating, customer support is generally good with quick, helpful responses, and 24/7 support via phone and email for regional teams is a definite advantage.
- UnitedPips’ platform performs well, with an intuitive design that will appeal to beginners, while the TradingView integration delivers powerful charting tools without overwhelming users, making it straightforward to execute trades efficiently.
CONS
- Limited information on regulatory licensing and oversight.
- Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
- No MT4/MT5 platforms
- A limited number of tradable assets
Frequently Asked Questions: (FAQs)
Is UnitedPips a Legit Broker?
UnitedPips is considered a good offshore forex broker and is registered in Saint Lucia. The broker offers a variety of trading instruments, including FX, Indices, Crypto, and metals. However, the broker is not regulated or authorized by any regulatory authority. Due to this lack of regulation and the absence of available financial information, we do not recommend trading with UnitedPips.
Is UnitedPips regulated?
No, UnitedPips is not a regulated broker. It is an unregulated offshore forex broker that offers restriction-free trading facilities.
Does UnitedPips Accept US Clients?
Yes, UnitedPips accepts US clients. UnitedPips is an offshore forex broker that welcomes clients from around the world, including the United States. The broker provides unrestricted trading services, including scalping, hedging, and non-FIFO trading. UnitedPips offers a wide range of trading instruments, such as forex, stocks, indices, commodities, and cryptocurrencies. The broker also provides leverage up to 1:2000 and allows CFD trading for US clients.
Does UnitedPips Offer CFD Trading?
Yes, UnitedPips offers CFD trading. CFD is a form of derivative trading that allows traders to speculate on the price movements of various financial instruments such as stocks, commodities, indices, and currencies, without actually owning the underlying asset. UnitedPips provides a variety of trading CFD instruments, including FX, Indices, Crypto, Commodities, and metals.
Where is UnitedPips Located?
UnitedPips is located in Block A, Apt 149, High Street, Castries, Saint Lucia. Saint Lucia is the home of many offshore forex brokers.
Does UnitedPips require KYC Verification?
Yes, UnitedPips requires KYC (Know Your Customer) verification. This process involves verifying the identity of its clients to comply with brokers’ requirements and ensure the security of the trading environment. Typically, this includes providing identification documents such as a passport or driver’s license, and proof of address, such as a utility bill or bank statement
Does UnitedPips payout?
Yes, UnitedPips does pay out to its clients. Traders can withdraw their funds from UnitedPips using cryptocurrencies only. Payouts are processed within 24 hours. Once processed, it can take 1-6 hours, or as soon as there are 3-6 confirmations on the blockchain, before the funds will be available in your crypto wallet
Is UnitedPips an ECN broker?
Yes, UnitedPips is an ECN forex broker. The broker offers the Standard, Premium, and VIP accounts.
What is the minimum deposit for UnitedPips?
The minimum deposit for UnitedPips is $10. However, the required minimum deposit varies based on the account type. For example, the standard account requires a minimum deposit of $10, the Premium account requires $2000, and the VIP account requires $10,000.
Does UnitedPips Accept US Clients?
Yes, UnitedPips accepts US clients. UnitedPips is an offshore forex broker that welcomes clients from around the world, including the United States. The broker provides unrestricted trading services, including scalping, hedging, and non-FIFO trading. UnitedPips offers a wide range of trading instruments, such as forex, indices, metals, and cryptocurrencies. The broker also provides leverage up to 1:1000 and allows CFD trading for US clients.
