United Brokers

United Brokers is a forex and CFD broker that was founded on July 29, 2021 and is registered in the Marshall Islands, an offshore jurisdiction known for minimal financial oversight. The broker operates through its official domain, united-brokers.org, and claims to offer trading in forex, commodities, and stocks.

The broker's registered address is Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. As a relatively new entity, United Brokers has not yet established a substantial track record in the industry.

United Brokers does not hold any known regulatory licenses from recognized financial authorities. This is a significant concern for traders, as the absence of regulation means there is no independent oversight of the broker's operations, client fund segregation, or dispute resolution mechanisms.

Traders should be aware that dealing with an unregulated broker carries elevated risks, including the potential for misconduct, lack of recourse in case of disputes, and uncertainty regarding the safety of deposited funds.

United Brokers offers four account tiers designed to cater to different trader profiles. The Mini account requires a minimum deposit of $250, making it accessible for beginners. The Standard account starts at $1,000, while the Classic account requires $10,000. The Pro-Invest account targets high-net-worth individuals with a minimum deposit of $50,000.

Despite the varying deposit levels, all account types share the same maximum leverage of 1:100. This leverage is relatively moderate compared to some offshore brokers, but still carries substantial risk, especially for less experienced traders.

The broker provides trading opportunities across three major asset classes: forex, commodities, and stocks. This multi-asset offering allows traders to diversify their portfolios within a single platform, though the breadth of available instruments within each category is not specified.

Leverage is capped at 1:100 across all accounts, which is standard for offshore brokers but higher than what is typically permitted by strict regulators such as those in the EU or UK. High leverage can amplify both gains and losses, and traders should exercise caution.

United Brokers appears to target a wide range of traders, from retail beginners (Mini account) to professional investors (Pro-Invest account). The low entry barrier of the Mini account may attract novice traders, while the high minimum deposit for the Pro-Invest account suggests a focus on experienced or wealthy clients.

However, the lack of regulatory oversight and the broker's short operating history make it a high-risk choice for any trader, particularly those new to forex trading.

FXCanary has assigned United Brokers a Scam Risk Score of 75 out of 100, indicating a severe risk level. This assessment is primarily driven by the complete absence of regulatory licensing and the broker's registration in an offshore jurisdiction with limited financial oversight.

Traders considering United Brokers should thoroughly evaluate these risks and exercise extreme caution. The lack of transparency and regulatory protection makes this broker unsuitable for risk-averse traders or those seeking a secure trading environment.