Uni-co Review – How Much Is Enough For These Swindlers?

As an offshore broker, there is nothing much spectacular about it. Uni-co company is owned by Fortune Investments Group Ltd registered in the Marshall Islands. Even though the Marshall Islands has some kind of regulations, this is not enough for pro traders.

Therefore, we are taking a deeper look into security and funds protection in this Uni-co review. To keep yourself updated with the latest trading news check as well our Cambrill and StarTrader reviews.

Uni-co Regulation and Fund Security

As a crucial part of the trading world regulation became a must. Many unregulated brokers provided shady services intending to extort money from traders. But of course, never give it back. This is the case with the Uni-co scam broker. Not only that they don’t have any Tier 1 regulation, but they got a warning.

As a matter of fact, we checked numerous Tier 1 regulator registers.  Starting with FCA, BaFin, ASIC, CFTC, CONSOB and many more. But none of them have any traces or records of this scam broker. Instead, UK’s FCA published a warning against this broker. Primarily because they were providing services to UK traders without authorization.

So, all securities that this broker promises you are completely fake. Whether it’s negative balance protection or compensation funds. It’s all presented with a malicious goal to present the broker in the best possible light. Thus, experienced traders don’t fall for these cheap tricks. But if you don’t trust it here it is an FCA warning.

Trading Software Overview

In general, experienced traders are looking for third-party software. Primarily, because of high transparency and security levels. Some of a kind are cTrader and Meta Trader. However, the Uni-co scam broker didn’t bother with that. Instead, they are offering basic web-based software.

Not only that it lacks some advanced functions, but also some basic ones. Traders can’t expect to get here automated trading or social trading. Only a few indicators and charting options are available through this platform. To be honest, Trading View provides way more options for traders to analyze the market.

On top of all, the software is not mobile-friendly. So, traders that prefer mobile trading would need to use browsers. Which makes trading way less enjoyable. In addition to all of the mentioned, these platforms are easily manipulated.

Account Types Available

Account types are nothing more than options for traders to choose how much money they want to lose. If you take into consideration their limitations this company is quite a poor one. They offer 4 account types. Thus, you get more trading opportunities only if you invest more. Of course, a lower spread is completely irrelevant here. Since the broker takes away everything anyway.

Anyways, traders can choose between:

• Mini              $250
• Standard       $1.000
• Classic         $10.000
• Pro-Invest     $50.000

Besides this poor account offer, they don’t even offer an Islamic account. But also they don’t offer a risk-free demo account.

Deposits and Withdrawals Procedure

Uni-co scam broker is one of those keeping their withdrawal policy mysterious. But even funding options are hard to find. Thus, once you get to that information you realize what their scamming pattern is.

The company mainly accepts e-payment options. Even though they will promote legitimate payment gateways for first-time deposits. Such as debit or credit cards and wire transfers.

However, if you want to withdraw any of the profits you don’t have conditions for that. Since this broker didn’t disclose any information about withdrawals. Starting with minimum withdrawal amount, processing time, or fees.

How Does Uni-co Operate?

Uni-co scam broker lures traders in various ways. From online marketing campaigns to social media. They don’t even hesitate to use trusted platforms like LinkedIn. Mostly because those raise the credibility of a company. Not for a while, since this scam broker earned a warning from the FCA.

Once you are on their board, they will do everything in their power to make you deposit more money. Whether it’s bonus funds or better trading conditions. Thus, you shouldn’t fall for it. Simply, because they are not licensed brokers and they don’t need to comply with any laws. Those are just word and mind games to trick traders.

In the end, after all attempts to extract the last money out of traders, they freeze traders’ accounts. But don’t be surprised if you are asked to pay more money upfront.

See what others are saying and find the best broker

Let us know what you think about this broker. Many other traders were not satisfied with their withdrawal policies.

But if this is the case with you as well, please contact us. Our expert team can assist you on the way to recover your funds. Whether it’s a chargeback or crypto transfer research. Our team is equipped with knowledge and software. Contact us today.

Uni-co Summary

Anonymous offshore broker without any regulations. On top of that, they have a warning from the FCA. Not to mention shady trading software and a non-existent withdrawal policy.

Besides, trading conditions and account types can’t be compared to the ones coming from licensed brokers. This is a definite broker for avoidance.

FAQs About Uni-co Broker