UNIQUE Exchange Review – What Could Go Wrong With This Firm?

UNIQUE Exchange was registered in 2019 in Georgia under the name UNIQUE Crypto LLC. For these couple of years, the company was operating quite below the radar. All until recently, when their activities were exposed.

We all know that the crypto business is anonymous and for many mysterious. Yet, there are some rules that companies should comply with. To find out what is missing with this company, read our UNIQUE Exchange review carefully.

Legal info: Is UNIQUE Exchange legit?

In the first place, unique-exchange.co has the license of a self-proclaimed regulator. That’s an offshore institution Pameroy Management. You should know that is just a cover-up for shady companies to make them look legitimate.

Instead, you should look for investment firms with top-tier licensing, for instance, FCA, BaFin or ASIC. Once you complete the UNIQUE Exchange login procedure, you will see there is no reputable licenses. But what you can easily discover is that FINMA has published a warning against this investment firm. That tells you all.

Who are the Company clients?

Who.is database discovers that this company was registered in 2019. Since then, there have been a few countries that this firm is heavily targeting. Many scammed traders come from:

• Germany
• Austria
• Switzerland
• India
• Poland

Yet, regardless of your residence, you deserve the right to get your money back. For detailed instructions, feel free to send us a message.

Traders Reviews

Besides a warning, there are too many negative reviews publicly available. In the case of this investment company, only on Trustpilot, you can find almost 75% of negative complaints. Out of 31 in total, that’s quite a huge amount of scammed investors.

Many of those were complaining about UNIQUE Exchange KYC drills but mainly about withdrawals. If you are having issues with those, don’t hesitate to reach out to our experts for professional advice.

Leverage, Commissions, Spreads, Fees and Taxes

If the trading fees are real, those would be quite attractive ones. Unfortunately, those are fixed at 0.1%. As for other fees, you can expect a fee for both, deposit and withdrawal. Of course, those are devaluating if you are depositing or withdrawing more money.

Bonuses

Bonus incentives are quite an attractive part of the offer in any trading company. Especilaly fraudulent ones. But, with this exchange, you can’t expect any credits or benefits, which is quite positive considering a wide range of manipulations with it.

UNIQUE Exchange Trading Features

Practically, the company doesn’t offer anything you can’t find with other exchanges. The security is at the lowest point with UNIQUE Exchange. There are slight differences between exchanges and brokerages, but all of those should have regulations. The most important similarities you can look for in our EuroPrime review.

Trading Platforms Available

Instead of trusted desktop and mobile apps, this exchange offers a web-based platform. Sadly, one of the most inconvenient methods. If you have never seen platform manipulations, you better don’t test them with shady companies.

Available Trading Assets

As you know, the whole business is about crypto. Therefore, you can only expect those assets from the company. Thus, it seems their offer is quite poor and focused on main choices like:

• BTC
• LTC
• ETH
• UNIQUE Coin
• DASH

Account Types

Generally speaking, account types are great solutions to motivate traders. Whether for higher trading volumes or deposits, as can be seen in our Binatex review. However, with the main actor in this review, you can’t expect such benefits.

Mobile Trading App

Another key missing detail is a trusted mobile app. All iOS and Android users will lack the comfort of dedicated software on mobile devices. Overall, not a sign of a trusted company. Instead, you should opt for a Tier 1 licensed one with adequate technology.

Demo Account

Even though there is a brief insight into the platform, you can’t trade with virtual funds. Which is generally the case with exchanges. Yet, it would be a nice touch, especially for inexperienced investors. Otherwise, one wrong move can wipe your balance off.

Education

Of course, adequate education is not part of the deal. Instead, there is a portfolio manager program where you can let their “experts” invest for you. Generally not something that experts would advise you. Especially in the crypto world.

UNIQUE Exchange Withdrawal

Important to realize is that withdrawal processing time is not disclosed. On the positive side, withdrawal fees are. Withdrawal fees of Fiat currencies range between 1.75% and 2.5% with a minimum withdrawal of $100 and a maximum of $5.000 per week.

On the other hand, crypto fees are quite expensive. For a minimum withdrawal of 0.0006BTC, you have to pay a 0.0005 BTC fee. Yet, these amounts can be changed without any prior notice. Keep that in mind!

Customer Support

Another warning sign is that the company only uses encrypted contact options. In this case, the Telegram App with support in German and English language. However, working hours are not disclosed.

Key Information To Consider About UNIQUE Exchange?

In the first place, the company is not properly regulated. Not to mention a warning from FINMA. Secondly, they don’t offer trusted apps or fully transparent features. Lastly, but most importantly, their fees are quite transparent but can be changed at any time. After all, you don’t know what to expect.

Since withdrawal problems are highly probable, don’t hesitate to contact us for help. Our refund specialists can guide you step-by-step. Whether you need CihperTrace to track crypto or other refund alternatives. Book your first meeting now!

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