United Asia Futures

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is United Asia Futures？

United Asia Futures is an Indonesia-based provider of financial derivatives such as commodities, index futures, and forex. United holds a retail forex license from the Indonesian Commodity Futures Trading Regulatory Agency (License No. 34/BAPPEBTI/SP-PA/11/2006).

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

United Asia Futures is a regulated broker that offers traders access to a variety of markets and various customer support channels. However, the lack of specific information about trading conditions, spreads, and commissions on their website is a concern. The broker offers a non-MT4/MT5 trading platform, but again, no specific information is provided.

United Asia Futures Alternative Brokers

There are many alternative brokers to United Asia Futures depending on the specific needs and preferences of the trader. Some popular options include:

• FXOpen - With its multiple account options and diverse range of trading platforms, FXOpen is a good choice for traders of all levels.

• BlackBull Markets - BlackBull Markets provides low spreads, fast execution, and a range of trading platforms, making it a great choice for both new and experienced traders.

• FP Markets - With its comprehensive range of trading instruments, tight spreads, and multiple trading platforms, FP Markets is a reliable and reputable broker for traders of all levels.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is United Asia Futures Safe or Scam？

United Asia Futures' regulatory license from Indonesian Commodity Futures Trading Regulatory Agency (License No. 34/BAPPEBTI/SP-PA/11/2006) is a positive sign, but the lack of information on their website is a warning sign for investors. It is important to exercise caution when investing with any broker and to conduct thorough research before making any investments. If you are considering trading with United Asia Futures, it is recommended that you reach out to their customer support team and request additional information before making any investments. You can also check our platform for information before trading.

Market Instruments

United Asia Futures offers a range of market instruments to its clients, including commodities, index futures, and forex. The commodities offered by the broker include gold, silver, crude oil, and more. Index futures offered include JPJ30 NIKKEI 225, HKJ50 HANG SENG and KRJ35 KOSPI 200, while the forex pairs offered include major currency pairs such as EUR/USD, USD/JPY and GBP/USD.

The variety of instruments offered can provide traders with diverse trading opportunities, allowing them to potentially profit from different market conditions. However, it is important to note that trading in these instruments also involves risks and investors should exercise caution when trading with any broker.

Spreads & Commissions

The spreads for EURUSD and GBPUSD are both 2 pips, which is slightly higher than the industry standard. However, there is no other specific information about spreads and commissions for other instruments, making it difficult to evaluate the competitiveness of their pricing.

It is important to note that other fees, such as swaps and margin requirements, may also impact the overall cost of trading with United Asia Futures. As such, investors should carefully review the broker's fee structure before opening an account to ensure that it aligns with their trading needs and budget.

Below is a comparison table about spreads and commissions charged by different brokers:

Note: The above information is subject to change and may not be up-to-date. It is always recommended to check the broker's website for the latest information.

Trading Platforms

United Asia Futures offers traders a non-MT4/MT5 trading platform, but its official website also does not provide specific information on the trading platform. This lack of transparency and information can be a warning sign for potential traders as the trading platform is a crucial aspect of trading. Without proper information and transparency, traders may face difficulty in making informed decisions about trading with United Asia Futures.

See the trading platform comparison table below:

Customer Service

United Asia Futures provides several ways to contact their customer support team, including phone, fax, email, and online messaging. They also provide their company address on the website, which can help establish credibility.

Overall, the broker's customer service is decent but could benefit from more transparency and detail in terms of its trading offerings.

Note: These pros and cons are subjective and may vary depending on the individual's experience with United Asia Futures' customer service.

Conclusion

In conclusion, United Asia Futures is a regulated broker in Indonesia offering trading in Forex, Stock Indices, and Commodities. However, their website lacks specific information on trading conditions, spreads and commissions, and trading platforms. While the broker supports a non-MT4/MT5 trading platform and offers multiple customer support channels, the lack of transparency and information on their website may raise concerns for some traders. Overall, traders should exercise caution and conduct thorough research before investing with United Asia Futures.

Frequently Asked Questions (FAQs)