UnitedPips is a forex and CFD broker positioning itself as a global trading platform for retail traders.
With a low entry barrier, fixed spreads, zero commissions and the ability to trade with extremely high leverage, it is most suitable for more experienced and aggressive traders looking to capitalize on their technical mastery.
Trade with up to 1:1000 in leverage.
Fortunly Rating
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
- Low minimum deposit
- Extremely high leverage available
- Fixed spreads
- Proprietary trading platform
- Demo account
- No trading commissions
- 24/7 support
- Not licensed by a top regulatory body
- Limited asset selection
UnitedPips Overview
UnitedPips has been operating since 2016 and offers access to forex, metals, and cryptocurrencies.
The company has built its own UniTrader trading platform, meant to provide traders with an accessible and easy-to-use ecosystem, regardless of the device you want to trade on.
It also features a demo option so you can familiarize yourself with this trading environment and test it out before trading with real funds.
UnitedPips is headquartered in St. Lucia, and does not hold a license from major regulators such as the CTFC, which is something to keep in mind before applying.
Application Process
The process of creating an account is relatively simple. You register on the website, confirm your email address, and then access the dashboard where you can choose a demo or live account.
As is the case with most brokers, you must complete the identity verification process before you can withdraw funds or use full account features, and this includes submitting your personal information and documentation for KYC purposes.
We would advise that you try out the demo account to familiarize yourself with the proprietary platform that UnitedPips uses.
Account Types
When you decide to open a live account, you’ll have three types to choose from here.
The Standard account is the lowest-cost option, and is the perfect choice for traders that want to start out with a small deposit, as it requires only $10 to open. This plan also features the highest maximum leverage offered by UnitedPips, as you can trade with up to 1:1000 in leverage.
The Premium account is more suited to experienced traders, as it increases position limits and comes with lower spreads, but requires a $2,000 minimum deposit. With this account, the maximum leverage is set at 1:500.
Finally, you have the VIP account, requiring a minimum deposit of $10,000. This account has the tightest spreads and is the ultimate choice for high-volume traders. The maximum leverage on this account is 1:200.
All three account types feature fixed spreads, and allow you to get a 40% deposit bonus, with the maximum deposit bonus ranging from $500 for the Standard account deposits, $1,000 for Premium accounts and $2,000 for VIP accounts.
Fees and Commissions
UnitedPips prides itself on providing a simple and easy to understand pricing structure, which is why it doesn’t charge any trading commissions or deposit commissions.
Your trading costs are instead built directly into the spreads, so the choice of the account dictates them. For this reason, the Standard account with spreads starting from 2 pips doesn’t exactly represent the cheapest offer on the market, but it offsets this fact with a really low minimum deposit and the highest leverage level.
The Premium account lowers the starting spread to 1.5 pips, while the VIP account comes with spreads from 0.6 pips, making it easily the best offer available with UnitedPips.
The broker also advertises that by increasing your initial deposit, you can unlock advanced features, which include lower spreads, which is a nice way to adjust your trading costs in accordance to your own needs.
Finally, we must note that all of the UnitedPips trading accounts are swap-free.
Tradable Assets
When it comes to asset selection, UnitedPips focuses on forex, metals and cryptocurrency trading.
The forex offering is obviously the main focus here, and it includes major, minor and exotic currency pairs.
Metal instruments include silver, gold, platinum and palladium, while the crypto selection features Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash.
All in all, there are 48 different tradable instruments available at UnitedPips, which is less than some major brokers offer today, and doesn’t include stocks, ETFs, futures, options and broader CFD markets, but it is still a solid selection that features most of the popular assets that traders prefer to trade in.
Trading Platforms
As we mentioned earlier, UnitedPips created its own proprietary trading platform called UniTrader, which is the only platform you can trade on.
However, the company features three different versions of the platform you can choose from.
UniTrader Classic is the simpler desktop version that was designed to provide traders with a straightforward trading interface that includes charting and market analysis tools.
The UniTrader Pro is the most advanced version of the platform, designed for more experienced traders, as it adds enhanced charting, advanced tools, and more precise execution features.
Lastly, there is the UniTrader Mobile version of the platform, which allows you to manage positions and place trades from your smartphone.
From what we’ve seen, all of the options are well-optimized and work smoothly, but the Pro version is easily the best choice for the overall wealth of features and tools.
Deposits and Withdrawals
UnitedPips supports a number of deposit and withdrawal methods, including debit and credit cards, e-wallets, PayPal and cryptocurrencies.
Some methods like debit and credit cards or PayPal have a $50 minimum withdrawal if your balance exceeds $50, or equal to your remaining account balance if the balance is lower than $50, so this is something to keep in mind if you’re planning on going this route.
The withdrawal processing times can also vary drastically. UnitedPips states that withdrawing funds through PayPal usually takes 1-72 hours, while e-wallet withdrawals take 1-24 hours.
All withdrawals are handled through the client dashboard and reviewed by the finance department.
Customer Support & User Sentiment
Customer service is another thing that UnitedPips does right, as it features 24/7 live support, through phone, email, ticket and live chat.
The website also features a fantastic knowledge base that covers all the details of the company’s platform, a number of important calculators, dedicated FAQ and glossary pages, so you’ll have pretty much all the info you’ll need right within a click or two at all times.
Public user sentiment is generally positive, as UnitedPips currently has a 4.1/5 rating on Trustpilot, with the most common sentiment being that users like the proprietary trading platform and fast withdrawal processing times.
Our Verdict
All in all, UnitedPips represents an accessible and affordable brokerage, especially for those looking to trade with high levels of leverage, without commissions and with fixed spreads.
Beginners have the upside of the extremely low barrier of entry, but we’d recommend it more to traders that understand the risks of CFD trading, as well as those that can take the full advantage of the company’s proprietary trading platform.
FAQ
Is UnitedPips legit?
UnitedPips is an online forex and CFD broker, headquartered in St. Lucia. While it is not regulated by top U.S. regulatory bodies, it is a legitimate broker with a solid track record.
Does UnitedPips charge commissions?
UnitedPips has $0 trading commissions, and features fixed spreads.
How long do UnitedPips withdrawals take?
UnitedPips says PayPal withdrawals typically take 1-72 hours, while e-wallet withdrawals usually take 1-24 hours. Processing times may vary depending on the payment method and account verification status.
Does UnitedPips offer a demo account?
Yes. UnitedPips offers a demo account through its UniTrader platform lineup, allowing users to test forex, metals, and crypto trading before depositing real funds.