UniGlobal Assets Review: Avoid This Broker At All Costs

UniGlobal Assets Review, If you are considering UniGlobal Assets as your forex provider, think twice before taking any risks. This UniGlobal Assets review provides an honest assessment of this online trading company, highlighting scam allegations, withdrawal complaints, and regulatory issues. Is this broker fraudulent? Let’s take a look at more valuable information below! 

What is more, we strongly advise you not to invest in FTMO, AllCryptMarkets, and Freedom 24 fraudulent brokers.

How Are You Protected at UniGlobal Assets?

When beginning the process of online trading, people naturally question the legitimacy of their broker. Many people specifically inquire about UniGlobal Assets’ regulations and the safety of their funds.

It is crucial to note that UniGlobal Assets operates anonymously, with no disclosed data about its ownership or headquarters country nor any regulations. Despite several pages of Terms and Conditions, they provide little valuable information. That is a common tactic used by fraudulent firms to prevent individuals from reading the fine print. Falling for this tactic can be damaging when dealing with phony trading platforms.

Upon investigating regulatory bodies such as FCA, ASIC, BaFin, CONSOB, and others, we have determined that UniGlobal Assets Forex broker is a typical cyber-fraud.

Trading Platform Overview

Uni Global Assets has a basic web platform, but it’s missing key features that professional platforms like MetaTrader4 and MetaTrader5 offer. Also, the lack of reliable trading software is a red flag that means you’re dealing with a scam.

MetaTrader4 (MT4) and MetaTrader5 (MT5) are powerful trading venues used by millions of traders worldwide. MT4 is the industry standard for Forex and CFD trading, while MT5 hands over advanced features for trading various assets, including stocks, futures, and crypto assets.

Note: Regulation is essential in the FX industry because it helps protect investors. Also, it maintains the integrity of the market. Without it, there would be a higher risk of fraud and misconduct by brokers, which could lead to significant financial losses for everyone.

Account Types Offered

Uni Global Assets offers four account types, each requiring an exorbitantly high initial deposit. While we strongly recommend avoiding this firm and seeking out a legit brokerage, we’ll let you be the judge. Here’s a breakdown of the account types and their associated initial deposit requirements:

• Bronze: 10,000 EUR
• Silver: 25,000 EUR
• Gold: 75,000 EUR
• Platinum: 150,000 EUR

With each account type, traders can access lower spreads and higher leverage. 

Personal account managers are available from the Silver account level, while Gold account holders receive the assistance of a senior manager. The Platinum account offers a swap-free option. The minimum deposit required is 10,000 EUR. However, it’s wise to proceed with caution.

Funding Methods

This broker claims to accept credit or debit card deposits. Still, the only option available is crypto payments like Bitcoin and Ethereum. This is a major red flag indicating that the firm is a scam. Crypto payments are largely anonymous, which is why scammers prefer them.

On the other hand, if you pay with VISA or Mastercard and later discover that you’ve fallen victim to an online scam, you can still file for a chargeback at your local bank within 540 days. This provides a reassuring safety net for those who may have been deceived.

Note: Reporting your scammer is a crucial step in combating fraudulent activity. We can help you report the scammer and protect yourself and others from falling victim to their schemes. Let’s work together to make the Internet a safer place for all!

How Does the Scam Actually Work?

Unscrupulous brokers employ a plethora of underhanded tactics. Withdrawal difficulties and customer complaints are common issues. What’s more, they often charge exorbitant fees exceeding 20%, with “withdrawal processing fees” being a common euphemism. Profit fees are also charged, demanding payment before processing your withdrawal request.

These deceptive firms often like to make unreasonable promises of guaranteed returns, luring you with too-good-to-be-true profits. Remember, trading leveraged instruments comes with risks. Brokers who promise guaranteed returns are likely running a scam. Always be cautious of offers that seem too good to be true, and do the research before investing.

Tip: If you suspect your broker is engaging in odd activities such as manipulating prices, misusing your funds, or refusing to honor your withdrawal requests, you must report it to the relevant authorities as soon as possible.

Final Words

From all of this, we can just confirm that Uni Global Assets is a fake forex broker. They will only mislead you and possibly steal your money in the end. It’s critical to stay safe and trade with legitimate brokers only. However, if you do get scammed by this broker, reach out to us for help!

FAQs About UniGlobal Assets Broker