UnicoFX professes to be reliable, but the reality is, the broker is not safe for trading as it doesn’t hold a license from any overall genuine authority. This means the dealer is associated with being an extortion organization since it was not checked for its consistency before establishment, never observed concerning its security, and just work the business on its terms.
The Ontario Securities Commission issues an alert that the entity named “UnicoFX” based out in Australia is offering investment services without being authorized to do such. The broker pretends to be regulated by the OSC, which is not true.
Introduction
“We provide the best solution for you” is the tagline of UnicoFX. Anyone can trade online to reach their financial goal. UnicoFX is working to increase the range of trading assets. As of now, you can trade over 800 shares, indices, forex, crypto, and commodities all around the world through Unicofx. The firm offers two trading platforms to select from. Traders can trade through the mobile app or desktop via dedicated apps.
Unicofx review
Their vision is to create an easy trading space for all. The secure transaction, safe trading platform with a team of experts.
Its mission is to create such a trading infrastructure so that trader from any background finds it easy to understand and familiar trading environment. They wish to be a bridge between traders and financial markets all over the globe.
Contact
Unicofx can be contacted through their email ID contact@unicofx.com or by calling +1-3524-3356 or by submitting a filled-up form.
Assets for trading.
Assets for trading available with Unicofx are forex (any currency pair), shares (Facebook, Apple, Google, etc. in European, Asian, and US markets.), indices (Nasdaq, S&P 500, etc. in different areas like South Africa, US, China, Europe, and India.), Cryptocurrencies (Bitcoin Cash, Litecoin, Bitcoin, Ethereum, etc.), and commodities (Gold, Crude Oil, Natural Gas, Agriculture, Minerals, etc.).
Account types.
Available account plans with minimum deposits are Standard (1000 to 5000 EUR), Silver (10,000 to 20,000 EUR), Gold (25,000 to 50,000 EUR) and Platinum (100,000 + EUR). All accounts are with negative balance protection.
Bonuses.
There are three bonuses. One is a 15% bonus for a first-time deposit. The second is a 10% bonus for those who switch their providers. The third is a 10 % bonus for those traders who bring their friends or family member to join UnicoFX.
About Unicofx Review
Unico Aust Pty Ltd is a financial services company behind Unicofx, which is a trading name. They provide their ASIC no 649 547 571 which is a lie. The address of the company is Oakleigh South VIC 3167, Melbourne, Australia. American citizens are not allowed to register on its website.
Unicofx is unregulated or not registered to provide financial products or services. It claims to be a regulated forex broker which is a blatant lie. It is an off-shore broker’s best to be avoided. It has scrupulous and malicious terms and conditions which virtually do not allow you to withdraw the profits.
It is not licensed by ASIC (Australian regulatory authority). For retail traders maximum leverage allowed by ASIC is 1:30, Unicofx provides leverage of 1:25 to 1:200 (depending on account type) which is quite high, the first red flag. ASIC banned the provision of bonuses. Unicofx provides three different bonuses, a second red flag.
A clone of Unicorn Finance
It is a clone of a well-known Australian company by the name Unicorn Finance. There is very little variance between their alphabets. Check out for Unicofx scam firm. Deal with the real broker only.
Trading platform.
Unicofx provides a web-based trading platform. By industry standards, MetaTrader4 or MetaTrader5 are in vogue because of powerful automated trading.
Why avoid Unicofx scam firm?
It is not regulated. There is no fund guarantee. It does not have segregated accounts.
Ontario Securities Commission (OSC), the Canadian regulator has issued a warning against Unicofx. As Unicofx is not regulated by any known regulatory authorities like FCA, ASIC, or CySEC better not to invest your funds.
This site has a lower Alexa rating thereby meaning very few visitors. It is a popular site and should have a higher rating. Their identity is hidden on WHOIS.
Unicofx returns on your investments.
Unicofx claims a return of 125% after one day, 195% after three days, and 950% returns after 15 days. Now that is awkward, absurd, impossible, and impractical returns on your invested amount.
Play safe
Read scam broker 2022 for reviews of different firms before investing.
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