UBCFX Litecoin Trading: An Archived 2019 Review

This editorial is based on an archived review published on litecoinbrokerreviews.com in 2019. It is presented for historical reference only. No current availability, ownership, pricing, or service continuity is implied.

Broker Profile as Described in 2019

The archived review described UBCFX as a young investment company and financial service provider offering trading services to a global audience. It stated that the firm had been operational since 2017 and was domiciled in Dublin, Ireland. The broker was characterized as an independent STP broker that did not accept US clients. The review also listed an email address, which is not reproduced here to avoid implying present contact details.

Litecoin Trading Conditions

According to the archived source, Litecoin was presented as a popular cryptocurrency with sufficient volume and volatility to attract traders. The review noted that Litecoin uses open-source software and had gained the nickname “Bitcoin’s little brother.”

The source provided a table of trading conditions for Litecoin pairs. For LTCEUR, it listed a fixed spread of 50, margin requirements of 20%, leverage of 1:05, zero swap for both short and long positions, and trading amounts from 10 to 100,000,000 in steps of 10 LTC. For LTCUSD, it listed a fixed spread of 60, the same 20% margin requirement, 1:05 leverage, zero swap, and identical trading amount ranges. These figures are reproduced as historical data and should not be treated as current.

Platforms and Features

The review described two trading platforms: Sirix and Activ8, both developed by Leverate. Sirix was said to be available for desktop, web, and mobile, offering technical analysis, algorithmic trading, expert advisers, and a copy-trading module called Sirix CopyKat. Activ8 was described as a newer platform aimed at less experienced or younger traders, with customizable layouts and built-in strategies.

Special features mentioned included a VIP card for accessing profits, a swap-free account described as an Islamic account, and the ability to hold positions without time limits. The source also noted multilingual customer support available 24/5, hedging allowed, and balance protection.

Account Types

The archived review listed three live account tiers: Silver at $500, Gold at $2,000, and Platinum at $5,000. Differences were said to include spreads, leverage, and event invitations. A demo account and an Islamic account were also mentioned. These amounts are historical and are not presented as current offers.

Risk Warning

The source included a risk warning stating that trading forex and CFDs is highly speculative and involves a significant risk of loss, and that such trading is not suitable for all investors. This warning remains relevant as a general caution, but the specific broker details above are archived and may no longer be accurate.