Brokers  /  UGL

UGL

Moderate risk
🇨🇾 Cyprus · 5-10 years · since 2018-11-22 · UGL Exchange Limited
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Independent ratingshow third parties score this broker
WikiFX1.6/10
Trustpilot/5
Forex Peace Army/5
36
Moderate risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • 3 user exposure/complaint reports filed
  • Withdrawal complaints in ~33% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing5535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints4212%
Offshore registration108%
Transparency (site/info/social)5010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameUGL Exchange Limited
Headquarters🇨🇾 Cyprus
Founded2018-11-22
Years operating5-10 years
Employees0
Official websiteuglexchange.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Agiou Ioanni Prodromou 31, Yioupis Tower, 3rd Floor, Office 301, 4002 Limassol

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECForex Execution License (STP)349/17Cyprus

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Standard1:201002.4 pips--
Pro1:201,0001.3--
VIP1:205,0001.1--

Review analysis AI

Across 3 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (1 reports) — the classic warning sign in forex. We also found 1 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users complain about
Where reviewers are from
Singapore1
Vietnam1
Hong Kong1

Real user reviews

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About UGL

UGL is a forex and CFD broker based in Cyprus, with records dating to 2018-11-22. It reports oversight from CYSEC.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Finally, beware of impersonation: we tracked 1 clone website(s) copying UGL. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full UGL review