You can help us put a stop to online scams before they grow too big and end up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s begin the review.
Uniq Market Forex claims to be a prominent brokerage firm and a trusted destination for traders worldwide, but it’s difficult to believe that given the website’s lack of a legitimate Forex license and the fact that it appears to be registered offshore, which does not help its credibility. To cut a long story short, we are dealing with an obvious scam that you should avoid if you value the security of your funds.
But that’s not all. Uniq Markets lacks a legitimate Forex license, and the website appears anonymous. There is no specific corporate information besides the obscure company name UNIQ Group of Companies Limited (UGC).
Unique Markets Forex is an unregulated broker to avoid. Unregulated brokers, in particular, are typically run anonymously. Service will inevitably cease sooner or later. Uniq Markets typically target traders and investors with little or no experience by promising fictitious investment opportunities.
Uniq Markets Forex Complaints
Uniq Markets’ website contains several warning signs that should be considered before investing money. Depending on people’s prior experience with brokers, it may be simple to determine what is legitimate and what is not before a problem arises. Most people, however, know that their platform is problematic before signing up. If they show any signs, either avoid them entirely or proceed cautiously.
- It is not regulated.
- High Fees and Commissions
- Inadequate information on the website
- Poor communication and refusal to answer questions
- Keeps bringing up rules and fees that aren’t spelled out in the contract
- Won’t let you withdraw money from your account
Uniq Markets Forex Regulation
Uniq Markets falsely claims to be a licensed and regulated broker. The company lacks a legitimate Forex license, and the website appears anonymous. No specific corporate information is available besides the obscure company name UNIQ Group of Companies Limited (UGC). “independent” refers to a person who does not work for the government.
However, the lack of a legitimate forex license should be enough to alert you that you are dealing with a scam.
Can you expose the broker trying to trick you?
FINRA offers the free web tool BrokerCheck, which allows users to check a broker’s credentials, registration, and employment history. The disclosure part of BrokerCheck includes information on client conflicts, disciplinary proceedings, and specific financial and legal issues on the broker’s record.
Uniq Markets doesn’t even provide any location data, and there is no certainty in the contact information on the website.
Uniq Markets Forex Trading platform
Uniq Markets appears to be a well-known platform, but this does not change the fact that they are unregulated, virtually anonymous, and untrustworthy.
Uniq Markets Forex Minimum deposit
The minimum deposit requirement at Uniq Markets is said to be just 25 USD, but once again, given that the website is not to be trusted anyway, remember that many esteemed brokers will let you start trading with even less.
Uniq Markets Forex Payment methods
Uniq Markets Forex claims to accept payments via major debit and credit cards such as VISA and Mastercard, as well as China Union Pay, e-wallets such as Neteller and Skrill, crypto coins such as Bitcoins and USD Tether, and bank wire transfers.
Because we could not verify that information immediately, remember that scammers such as Uniq Markets frequently require you to make deposits in crypto coins such as Bitcoins, USD Tether, and Ethereum. That is not a coincidence in the least.
User crypto transactions will become completely irreversible once the user realizes they have been scammed and attempts to recover their stolen funds. People need to learn precisely to whom the Bitcoin wallet you send your cash belongs.
Uniq Markets Forex Trading Instruments
Uniq Markets provides diverse trading instruments, including forex pairs, indices, stocks, exchange-traded funds (ETFs), soft and energy commodities, precious metals, futures, bonds, and cryptocurrencies. However, this has no bearing on how we deal with unregulated scammers.
Uniq Markets Forex Withdrawal Requirements
Whenever anyone requests withdrawals, Uniq Markets goes to any length to ensure that there was no scam and that the user himself lost his all money while depositing. The withdrawal processing and handling fee consistently exceeds the ridiculous 20% and must be paid regardless of whether your withdrawal request is later rejected.
If you have been duped into accepting trading bonuses, rest assured that they will be designed to make any withdrawal requests nearly impossible.
Get Your Money Back Suspicious
Uniq Markets Forex is an unregulated broker to avoid. Its service will inevitably cease sooner or later. Uniq Markets typically target traders and investors who need more experience by promising fictitious investment opportunities. Anyone should avoid dealing with unregulated entities and only trade on regulated platforms.
There is no doubt about the legitimacy of Uniq Markets Forex; clearly, it is not safe for anyone. These schemes are never secure. Uniq Markets is no exception to this rule. They claim that customers can earn a lot of money, which is a scam. Such promises are ridiculous, indicating that Uniq Markerts is a suspected scam you should avoid.