UMOFX provides varieties of trading accounts to suit clients globally. All trading accounts are tradable on the MetaTrader4, up to 20 currency pairs. In addition, we offer tradable commodities such as gold and silver. Likewise, UMOFX authorize its customers to fully utilize Expert Advisor trading tools on its MetaTrader4 platform.
UMOFX offers 4 account types:
Accounts Available at UMOfx
UMOFX offers 4 account types:- Demo Account
⇒ This account is advisable for beginners who are totally new to the Forex market. The objective of this trial account is for beginners to get used to both MT4 trading system and the live Forex market as a whole. Getting virtue cash to trade is a vital step to raise beginners into a veteran Forex trader. - Micro Account
⇒ Appropriate for traders who wants to start with small deposits, as low as $1 USD and trade volume as low as 0.01 lot per position. Traders can enjoy up to 500:1 leverage offer. This account type is mainly 1% the value of Standard Accounts, which means that transaction of 1 micro lot is $1000 USD. But it can only accept initial or total deposit limit up to $10,000 USD. However, if the deposit is above, it will be automatically changed to Standard Account. - Standard Account
⇒ Reflects the real world of Forex trading and is strongly recommended for professional merchants. Its leverage offer is up to 500:1, each minimum transaction should be 1 standard lot equivalent to $10,000 USD. It also provides online trading education materials, trading tools and economic calendar, and Forex news to assist traders to succeed in their trading performance. In all, the account offers the absolute trading area for traders to fully utilize their trading aptitudes and tactics that results to successful trading. - ECN Account
⇒ Here, clients trade similar to mini account. The only special feature of this account is spread free, which means no spread will be charged on every trades but an amount of commission will be induced to the transaction depends on the lot size, profit and currency pair traded.
Accounts Available at UMOfx| Criteria | Micro Account | Standard Account |
| Minimum deposit | $ 1 USD | $ 2,000 USD |
| Deposit currency | USD | USD |
| Deposit options | Bank Wire, Credit Card, MoneyBookers, LibertyReserve | Bank Wire, Credit Card, MoneyBookers, LibertyReserve |
| Minimum order size | 0.01 lot (1 cent per pip) | 1 lot (1 USD per pip) |
| Leverage | 1:1 - 1:500 | 1:1 - 1:500 |
| Spread | Fixed, starting form 2 pips | Fixed, starting form 2 pips |
| Price decimal | 4 digits | 4 digits |
| Trading platform | MetaTrader4 | MetaTrader4 |
| Trading tools | 21 currency pairs, Metals | 21 currency pairs, Metals |
| Margin call | 100% | 100% |
| Stop out | 30% | 30% |
| Execution | Instant Execution | Instant Execution |
| Expert Advisors | Allowed | Allowed |
| Scalping | Allowed | Allowed |
| Hedging | Allowed | Allowed |
| Swap | Swap rates | Swap rates |
| Swap-free acccounts | Available | Available |
| Commissions | No | No |
