UnitedPips Review

UnitedPips is an offshore forex broker that has been in business since 2016. Headquartered in St. Lucia, they also have support centres in London, Poland and the United States, helping ensure global support coverage for their clients. One of its standout features is that it does accept clients from the US, which is increasingly rare among offshore brokers these days.

UnitedPips offers traders access to the UniTrader platform which is available in both desktop and mobile formats. The platform has two versions: Classic, which is suitable for newer traders and Pro, which provides additional charting tools for more advanced users. In terms of available trading assets, their selection is reasonable but not particularly extensive. Traders have access to 41 forex pairs, 6 metals and 8 cryptocurrencies, which covers the core instruments most traders are familiar with, however not having access to indices, shares and commodities, makes it somewhat limited.

Signing up and account setup is quite accessible, with a minimum deposit of just $25 for the Standard Account (despite their site saying $10). All UnitedPips accounts are swap-free by default, which is a nice feature that will appeal to many traders including to those who have religious trading restrictions, such as Muslims. Security wise, the broker uses segregated accounts and offers two-factor authentication (2FA) - giving users some peace of mind with regards to the safety of their funds.

Deposits can be made exclusively using cryptocurrency, including Bitcoin, Ethereum, Litecoin, Dash, Ripple, Tron, Bitcoin Cash, USDT and Dogecoin. The lack of more common deposit options (such as credit/debit card, wire transfer, etc) might be limiting for some clients, however there is more flexibility when it comes to withdrawal - funds can be withdrawn via credit or debit card, PayPal or the same cryptocurrencies mentioned above. UnitedPips do not charge any withdrawal fees.

UnitePips offers traders a choice of 3 different account types:

• Standard Account - minimum deposit of $25, spreads from 2.0 pips, zero commission and leverage up to 1000:1.
• The Premium Account - minimum deposit of $2000, spreads from 1.5 pips, zero commission and leverage up to 500:1.
• The VIP Account- minimum deposit of $10, 000, spreads from 0.7 pips, zero commission and leverage up to 200:1.

Customer support is available 24/7, which is a great feature for traders across different time zones or needing help outside of regular business hours. Support is available via multiple channels, including live chat, phone and email - support centres are also strategically located around the world to cover the various time zones.

While UnitedPips offers a number appealing features - such as swap-free accounts, high leverage (on the Standard Account), 24/7 support and crypto funding options - there are some drawbacks to take into account. The spreads, particularly the 2.0 pips for EUR/USD on the entry-level account may be too wide for some traders. Additionally, to access the tightest spreads, users must commit to the $10, 000 minimum required for a VIP account which is a significant jump from the Standard Account, and they are also then limited to 200:1 leverage.

All in all, UnitedPips offers a crypto-friendly, globally accessible environment for its clients with swap-free conditions across all accounts, zero commissions and an easy-to-use platform. It may particularly appeal to traders who value simplicity and who want to fund accounts with cryptocurrency - especially U.S. traders looking for an offshore option. However, the trade-off between leverage and spreads on different accounts are factors worth considering.