UWC — Cypriot Forex Broker with Variable Spreads

UWC (United World Capital) is a rather new Forex broker that offers trading services for currency pairs, CFDs and some major indexes. It offers a very high leverage of 1:500 (which can be quite dangerous for the newbie traders) and also a low minimum for the traders to open an account — only $25. This broker is regulated by CySEC, which is not much compared to NFA, but it’s a lot compared to some other offshore but non-EU regulation. Other highlights of this broker include:

  • Variable spreads (from 1 to 4 pips for EUR/USD)
  • Deposit and withdraw via PayPal, Moneybookers, AlertPay, Neteller and more traditional ways
  • Microlots
  • Forex pairs, gold, CFD and index trading

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