UAG

UAG is a forex broker established on April 9, 2019, and registered in the United Arab Emirates. The company operates through its website uagtrade.cn and is headquartered at an office in the Jumeirah Bay X2 Tower in Dubai.

The broker positions itself as a provider of online trading services, offering two account types to retail clients. However, public information about the broker's history and ownership is limited, and our findings are based solely on regulatory records and minimal web presence.

A critical aspect of any broker assessment is its regulatory standing. UAG does not hold any known valid regulatory licenses from any financial authority. According to our records, the broker is not registered with any major regulator such as the DFSA (Dubai Financial Services Authority) or the SCA (Securities and Commodities Authority) in the UAE.

The absence of regulation means that traders are not protected by investor compensation schemes or dispute resolution mechanisms. This lack of oversight significantly increases the risk of dealing with this broker. FXCanary's risk score of 85 out of 100 (Severe) reflects this high-risk profile.

UAG offers two account types: Standard and ECN. The Standard account requires a minimum deposit of $100 and offers a maximum leverage of 1:200. The ECN account requires a higher minimum deposit of $500, also with a maximum leverage of 1:200.

Leverage of 1:200 is relatively moderate in the industry, but the high minimum deposit for the ECN account may be a barrier for some traders. Details on spreads, commissions, and other trading costs are not available from our sources. The broker does not publicly disclose the trading platforms or instruments it offers.

Our review did not identify specific information regarding the trading platforms provided by UAG. Commonly used platforms in the industry include MetaTrader 4 and 5, but it is unclear if UAG offers these or a proprietary solution.

Similarly, the range of tradable instruments is not specified. Without this information, traders cannot assess whether the broker meets their trading needs. This lack of transparency is a notable red flag.

UAG maintains a presence on Facebook and Instagram, as per our records. These channels may be used for marketing and communication, but their content and activity level are not verified.

The official address is P.O. Box 337188, Office N 706, Jumeirah Bay X2 Tower, Cluster X, Dubai, United Arab Emirates. There is no public information about customer support channels or response times.