WikiFX

Sagot

Based on my own experience evaluating brokers and the information available, I could not find clear, specific details about UIIC charging commissions per lot on ECN or raw spread accounts. In fact, UIIC appears primarily positioned as an insurance provider offering political risk insurance to investors and companies, rather than as a typical forex broker offering ECN or raw spread trading accounts. While the company is licensed and regulated by the FCA in the UK—as stated, a sign of higher credibility—there is no indication in the available details that UIIC offers traditional retail forex accounts, much less a commission structure per lot. I also noticed that while their official registration and longstanding presence might initially build some trust, there are significant risk flags, such as reports of trouble withdrawing funds and comments questioning their business scope. Some users reported negative experiences related to deposits and withdrawals, while another reviewer felt safe due to the FCA regulation. For me, unless a broker clearly discloses their trading account types, costs, and fee structure, I proceed with heightened caution, especially when finances are involved. Therefore, I would neither assume ECN account availability nor standard commission practices with UIIC based on current evidence. If commission transparency is a priority, I would advise looking for more established and clearly communicative brokers.