Uniq Markets Forex: A Scam Platform Full of Warning Signs (Latest Update 2023)

uniq
This is a user-generated post. Gripeo does not take responsibility for accuracy of any statements made in this post.
Uniq Markets Forex is a scam you should avoid at all costs. They are not trustworthy. Find out more in this detailed Gripeo review.
Before we get started with this review
Such posts are made possible by the collective efforts of our contributors. If you can provide any kind of insight into Uniq Markets Forex or a similar company/individual, then share your information with us using our secured form.

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.

uniq markets forex

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). 

uniq markets forex

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.

Our Methodology

We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.

All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.

These reports are made possible by the collective efforts of contributors like you. If you would like to become a contributor then contact us here.

8/12/2023 Update
As of now, Uniq Markets Forex has not responded, nor has it apologized for its misdeeds. They have ignored our efforts to highlight the problems faced by their victims. Furthermore, they have only focused on propagating their fake PR.

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
If you have sensitive information or have had a personal experience with Uniq Markets Forex but want to stay anonymous, then submit it using our secured form. You can connect with our expert contributors and help in finding the truth. We never share your information with 3rd parties.

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.

uniq markets forex

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.

uniq markets forex
Source

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.

2.5
Shield

Get Your Money Back Suspicious

If you have been scammed by Uniq Markets Forex, then you can get justice by sharing your complaint with us. We will connect with you experts and journalists who will help you get your money back and get heard by the right people.
It is strongly suggested that you do your research before spending money online. This is a user-generated report.

Conclusion

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.

Uniq Markets Forex: A Scam Platform Full of Warning Signs (Latest Update 2023)
Uniq Markets Forex: A Scam Platform Full of Warning Signs (Latest Update 2023)

6 Comments
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  1. It is traumatic when victims lose their hard-earned money, they are not on the regulated platform but claim to be authorized by the higher authority. However, people blindly supported these platforms and were unable to recover their money.

  2. Once you put money into this platform, you are unable to withdraw your funds, as they try to hold the funds of their old clients and let them withdraw their funds. I was also scammed by these types of platforms where I had to suffer high financial losses.

  3. There are few legit and trustworthy online trading platforms, and it is the responsibility of the people to check whether the website is legit or not.

  4. The brokers of these platforms misled their clients and wanted to grab the personal information of the clients. Websites like Uniq Markets target investors and traders who know less about the market. That’s why in most cases naive people were scammed by these scammers.

  5. Why people can’t understand that these sites are using fake promotional techniques just to make individuals engage with their sites? It may help these fraudsters to scam people easily. By saying that this platform is a reliable online trading platform for investors and traders.

  6. These types of bogus platforms are a total waste of time and many individuals have come into the trap of these fake brokerage firms whose main intention is to deceive the customers and just steal their money from them.

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