UMOFX - NDD Forex Broker

[AsiaDev]

In this thread we will discuss about the UMOFX Broker. I will share my experience here with this broker and would appreciate if you guys discuss the Pros and Concerns about them so that we can get more benefits from them.

I have been trading with UNITED MARKET ORACLE INTERNATIONAL LIMITED (UMOFX) Registered NZ Limited Company Located at “Level 10, 17 Albert St, Auckland Central, Auckland, 1010, New Zealand” from some time and quite satisfied with their services. It is good to know that I am investing my money in a Registered Company which gives me a feeling of safety and satisfaction. You can also check the Registration Details here.

 

[AsiaDev]

I really like the IB partnership Program of UMOFX as we can earn a steady stream of compensation for Introducing Broker (IB) partnerships.

They are currently offering offer 2 types of Introducing Broker (IB) partnership:

1 - Introducing broker - IB will receive 1pips rebate from their direct clients trading activities.
2 - Social IB - IB will receive rebate from each trade made by your clients and other clients registered under your clients.

Level 1 - receive 50% rebate
Level 2 - receive 30% rebate
Level 3 - receive 20% rebate

Just check the graphical examples and it will be more clear to you.

After opening Live account we need to upgrade status to IB/Social IB and upon the completion of registration need to add our site for pre-moderation. We will receive agent link after being endorsed by UMOFX, it is our unique link to register clients.

It is a really good opportunity for me to make some extra money and you can also do so.

Happy Trading

 

[AsiaDev]

I have noticed that many Brokers are not allowing the traders from United States. So the clients from the US keep looking for Brokers that allow traders from this region. I am trading with UMOFX and it is good to know that they Welcome clients from United States that is a plus point for any broker.

 

[AsiaDev]

I am pointing toward a major problem about Mini/lite/micro account

Always you will see many broker offer Mini/cent or micro account with low deposit. But 90 % brokers Mini/cent or micro account is dealing desk. It means they do not offer to client direct trade with Bank. And client face many problem with them Clients not understand it because they fail to compare in this matters. Many brokers offer mini type account low deposit $1 - $10 But they all are dealing desk. Client face many problems like when client try for close profit trade some time that trade is not close and show "requotes" and client loss there some profit.

UMOFX offer 2 type account Micro Account and Standard Account. All accounts are NDD — No Dealing Desk. Micro Account minimum deposit $1.

 

[AsiaDev]

If you check many brokers offer low balance Leverage 1:3000. Some clients impress for it and they do deposit there. But it’s not good. Because if you check who do offer Leverage 1:3000 them Margin call very low 40% - 60 %. So it is not a benefit because Margin call very low 40% - 60 % that means Leverage work same 1:100 - 1:400 . Maximum time Clients not understand it because they fail to compare in this matters.

Example : A famous Broker offers Leverage 1:2000 with low balance. Its means when account balance will up then automatic Leverage will 1:400. Basically they provide Leverage 1:400.

But UMOFX provides always Leverage 1:500 also Margin call 100% its means Leverage work same 1:1000 - 1:2000. So UMOFX is much better than those Brokers who are providing 1:1000 , 1:2000 and 1:3000 leverage.

 

[AsiaDev]

UMOFX Bonus on Deposit

- 20% of your deposit as bonus, up to 2000 USD!
- Trade with us now and enjoy this amazing reward from UMOfX

In addition to UMOFX newly launched fiesta, an amazing bonus equivalent to 20% of the deposit will be given to those who will invest funds into a new live trading account, for a maximum bonus of 2,000 USD (applicable to all types of live trading account including mini account and non-swap account).

Formula:
UMO Bonus = Deposit multiply by 20% (maximum up to 2000 USD)


Example 1: You deposited $5,000 USD to your new trading account. Therefore you are automatically entitled to a bonus of $1,000 USD. ($5,000 USD x 20%=$1,000 USD)

Example 2: You deposited $15,000 USD to your new trading account. You will enjoy the bonus of $2,000 USD still. ($15,000 USD x 20% = $3,000 USD but the maximum bonus is $2,000 USD only)

 

[AsiaDev]

I am sharing a very important announcement made by UMOFX which is good for all clients.

UMOFX Now Regulated by FSPR New Zealand

UMOFX hereby proudly announce that on 10 April 2013, United Market Oracle International has been officially registered as a Financial Service Providers Register (FSPR). Our FSPnumber is FSP277305 in which we are now regulated and monitored by New Zealand Government directly through the FSPR.

Along the registration with FSPR, UMOFX has become a member of financial dispute scheme with Financial Dispute Resolution (FDR).

 

[AsiaDev]

It is always good to know when you are trading with a Regulated Forex Broker. I am very happy to be a part of UMOFX and many others also feel more satisfaction and security by seeing this regulation.

 

[AsiaDev]

I was looking at the Awards page of UMOFX and found that they have been awarded as Best Forex Order Execution System Asia 2012 by Global Banking & Finance Review.

At UMOfx, with the help of experienced qualified staff and technology the best order execution system has been formulated that has won hearts of many. This has been proven as all clients are satisfied with UMOFX's execution system. UMOFX team will constantly endeavor to provide a high quality services to ensure that our clients enjoying an excellent trading conditions and services.

 

[AsiaDev]

Most of the brokers provide bonus when the client make a deposit but this offer is for new clients so they can benefit from this only once.

At UMOFX, Every client has the right to receive the deposit bonus for his first 5 trading accounts. A minimum deposit of $100 USD is required.

The maximum amount of bonus will be $2,000 USD per account and total of $10,000 USD per client.

UMOFX is giving 20% bonus on each deposit you made to your new trading account which is simply amazing and you can benefit yourself with increased equity.

So Deposit now and Enjoy bonus upto $2000​

 

[AsiaDev]

The number of advantages are increasing day by day with UMOFX. Just look at these advantages and take action to get benefit at UMOFX.


---> FSP Regulated Broker - FSP Registration Number: FSP277305

---> Leverage up to 1:1000

---> Spreads as low as 0.2 pips on EURUSD

---> All the accounts are NDD – 3 accounts offer Market Execution

---> Start trading with minimum investment of $1

---> Deposit Bonus up to 30%

---> Expert Advisors, Scalping and hedging allowed


UMOFX is just giving everything according to need of different types of traders and it is worth trading with them.

 

[AsiaDev]

Dear Clients,

We are glad to announce that UMOfx hereby offer a Promotional Limited Time Bonus starting from 03/06/2013 until 30/06/2013.


We are now increasing the Credit Bonus from 30% to 50%(an increasing of 20% in total) and the Marginal Bonus from 20% to 30% (an increasing of 10% in total).


Other terms and conditions of the Deposit Bonus shall remain unchanged.


Please contact our LiveChat Support or send an email to us at support@umofx.comfor any inquiry and further information on this promotion. We are more than happy to assist you.