UNIQ Markets Review – Noting Unique About Common Forex Ripoffs
Pretending to be a prominent brokerage catering to traders across the world, UNIQ Markets uses blatant lies to earn your trust. Despite the site being packed with claims about being regulated and licensed, there isn’t a single proof of that. Read the following UNIQ Markets review to learn the whole truth about this notorious liar.
|Regulated by:||Unregulated Forex Broker|
|Is This Company Safe?||Unregulated companies like this one are in no way safe!|
|Have Warnings from:||N/A|
|Deposit Bonus:||Up to 50%|
|Trading Assets:||Forex, Commodities|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||Withdrawals are known to be difficult with this one – contact our legal team for help!|
Unregulated and Located Offshore
UNIQ Markets makes a bold statement about being properly regulated, but without a single evidence to back such claims. There’s traces of claims about UNIQ Group of Companies Limited being headquartered in Mauritius, but the firm is not licensed by FSC.
We also looked through the registers of reputable authorities like FCA, BaFin, ASIC, CySEC and CNMV. Every search returned zero results. UNIQ Markets is not regulated in any way, shape or form.
Such companies put your funds in grave danger and do not store deposits in segregated bank accounts. Moreover, leverage and other trading conditions are unmonitored and breach all regulatory standards.
Victims Wherever You Turn
Nothing provokes the traders like a chance for huge potential gain. That’s how UNIQ Markets lures in victims that they first stalk on social networks to get their contact info. Every investment in an overly attractive-sounding deal ends with loss and despair.
Investors from the following countries have already fell victim to this unscrupulous scheme:
Please consider seeking our professional help and legal support if you’re one of the traders who have lost funds to the UNIQ Markets scam.
Suspiciously Low Fees
The UNIQ Markets website would like you to believe their super attractive trading conditions were real. Leverage available goes up to 1:500, while spreads start as low as 0.6 pips.
This is hard to believe when it’s an unlicensed broker offering it. Additionally, the UNIQ Markets account opening page is bugged and we could not access the platform to verify these claims.
Depending on your deposit, UNIQ Markets bonuses can go up to 50%. Bonus is allegedly added automatically after every completed lot. Also, the broker claims these are withdrawable, but no legal document explains the exact bonus payout terms.
Fake Trading Features
For the purpose of advertising their services better, con artists like UNIQ Markets and ChaseTrades claim to provide the best and most accurate trading tools and features. In most cases these are completely false.
The UNIQ Markets trading platform is MetaQuotes linked download and the choice of assets is quite limited. Account opening isn’t expensive but is not in any way useful or recommended.
MT4 Out of Reach
Although the website advertises MetaTrader 4 as the available terminal for desktop, web and mobile trading, this is only partly true. You see, you can download this software, but without the possibility to trade on a UNIQ Markets account or proprietary server. All the links come from the MetaQuotes website and allow you to only open a Demo account with the platform.
Limited Choice of Assets
As a prominent, world leading brokerage they claim to be, UNIQ Markets only offers two tradable asset groups. This is below every expectation, but even that doesn’t matter, considering there’s no server to trade on anyway.
These are the available instrument groups:
- Forex (EUR/USD, EUR/CHF, USD/JPY, USD/AUD)
- Commodities (Gold, Silver, Sugar, Cotton, Coffee)
Two Base Accounts
The web presentation convinces you that their packages are flexible for traders of all risk appetites and trading volume. Although the UNIQ Markets minimum deposit is only $25, there’s not much you get at all. What’s more, the basic descriptions do not make the two available packages different in any way. Here’s the accounts:
- Standard Swap Free – $25
- Standard – $25
Bogus Mobile App
It’s not a lie to say that UNIQ Markets provides no possibility for mobile trading. Clicking the download links takes you to the MetaQuotes stores and allows the Demo version withdrawal. The broker doesn’t own a trading server and therefore enables no price speculating at all.
Available Demo Is False As Well
Opening a demo account is not an option offered by UNIQ Markets. Demo function is instead embedded in the MT4 demo this company provides.
As such, it does not feature actual prices or market shifts seen on UNIQ Markets.
UNIQ Markets Withdrawal Options
We’ve noticed an advertisement for a number of well established financial channels on UNIQ Markets website. These include Visa and Mastercard, Neteller and Skrill e-wallets, and the bank wire transfer. Other unregulated firms such as 70Trades often make similar, unverifiable claims.
Never trust your funds with unverifiable firms like UNIQ Markets. For assistance in asset recovery, you may rely on our legal experts.
No Dedicated Customer Support
UNIQ Markets doesn’t have a separate customer support page on their website. It doesn’t even feature the live chat which has become common with brokerages.
The only way to contact the firm is via the contact form. This method is unreliable, and you can’t expect a timely solution to any issue should it arise.
Don’t Let The Scammers Win! Contact Us Today!
UNIQ Markets is not a legally registered or a licensed brokerage. This sham uses boiler room agents to attract new victims through social networks. Much of what you see on uniqmarkets.net is false advertising, created to lure new investors.
This faux brokerage is a predatory entity out to steal your money. This doesn’t necessarily mean you’ve lost your invested funds! Contact our chargeback experts via the live chat, and book a free consultation today.
What is UNIQ Markets?
UNIQ Markets is a dangerous unlicensed brokerage that abuses the lack of regulation to steal their clients’ funds.
Is UNIQ Markets Legit or a Scam?
UNIQ Markets is an unregulated scam company. If you have any assets invested with UNIQ Markets, contact our legal professionals for help with recovery.
What Are The Account Types In UNIQ Markets?
The base accounts UNIQ Markets offers are Standard Swap Fee and Standard. There is no company specific demo account, although clients may use the MT4 demo instead.