Uniglobe Markets claims that its customers can get fast, high-quality execution, tight spreads, and direct access to interbank liquidity. A group of traders and financial experts with extensive expertise in the Forex, CFD, and equity markets in Asia, Europe, and North America formed Uniglobe Markets. This has made it possible for them to choose the best methods to achieve their main objective, which is to provide clients from all walks of life with easy access, security, and transparent Forex trading.
This Uniglobe Markets review sheds light on all you need to know about the platform.
About Uniglobe Markets
The disclaimer at the bottom of their homepage states that “this website is run by Uniglobe Markets Ltd.”. The fact that the business is based in the Marshall Islands is evidence that we are working with an offshore broker. Being associated with anonymity can be risky, and Uniglobe Markets matches this description.
Who are the original participants on this platform? Why aren’t we able to find out who is in charge of this website by name? Before investing, investors should consider these questions. Investors trust their money with an unidentified third party when they make a deposit. To protect themselves, these scammers hide their contact information. They are concerned about the reaction they might get from the police and victims.
Is Uniglobe Markets Registered or Licensed?
These fraudsters asserted that they had the registration number #78101 required by Marshall Island law. Scammers will say or do anything to make their platforms seem trustworthy. They attempt to appear legitimate by listing these numbers as their registration information. FCA, ASIC, CySEC, COSNOB, FSA, and NFA are international regulatory organizations that issue licenses to brokers.
A legitimate broker will display copies of their licenses as identification. Why have these fraudsters not posted such important documents? Any investor should request proof of a current trading license and check with global regulatory organizations. These con artists will use all means necessary to attract unwary investors.
Is Your Money Safe with Uniglobe Markets?
How can the money be kept secure with an offshore broker? Funds are not secure because so many people have complained that withdrawing money is problematic. Why have they omitted to indicate their deposit location? Which financial institution do they use to transact the money that members deposit? Is the funding of accounts a secure process? Since there is no DDoS defense, sending money is risky. Does it mean that users are making direct deposits to the owner’s bank account?
We also found a disturbing problem with the segregation of accounts. It’s dangerous for Uniglobe Markets to combine assets into one account. Combining money in one account might result in significant losses, particularly if bankruptcy occurs.
The Uniglobe Markets website offers a demo account. It enables new traders to practice with no initial investment and get to the level of an expert trader; play with real-time conditions; and test all of the features that a genuine account offers access to, in real-time. They can also learn how professionals evaluate a trading chart and the most profitable instrument for increasing trading profits. With a demo account, you can practice trading and try out different strategies.
Can Uniglobe Markets Be Trusted?
Although the trading options may look appealing, in our opinion, you might discover something more intriguing among the registered brokers. However, a company’s offshore status does not ensure that services will be provided with the required degree of client and fund security. Because of this, we suggest making a more cautious choice of the broker and verifying the broker’s position about regulation right away.
Reputable companies with FCA, FINMA, or other licenses are set up according to international standards, protecting clients at every turn and even compensating the trader if something goes wrong with the business.
If you’ve been scammed by Uniglobe Markets, get in touch with the fund recovery experts at Forexposed to learn how we can help you get your money back.