This Uniglobe Markets review will show you whether you should trust this broker or it’s a scam.

If you’ve already lost money to Uniglobe Markets or any other scam broker, we can help you recover your lost money. Schedule a free consultation and we’ll do the rest.

So, what’s this Uniglobe Markets? Is it another scam in the forex industry? Keep reading for the whole truth.

An Honest Uniglobe Markets Review

Are you thinking of trading with Uniglobe Markets to earn consistent income as a forex broker? You should read our review first.

Forex trading is complicated, and sometimes brokers take advantage of and scam naïve traders. Is Uniglobe Markets among those scams? Is the broker here to reap people’s money? We have all the answers you need.

What is Uniglobe Markets?

Uniglobe Markets is a multi-asset broker and an online global financial trading platform founded in 2008. The broker has its head office in Marshall Islands and offers over 241 tradable assets.

Uniglobe Markets offers different trading instruments. You can trade forex, stocks, indices, spot metals, and commodities. The broker is authorized to operate under the laws of Marshall Islands under registration number 78101.

Uniglobe Markets offers multiple free training solutions as per client needs. The broker claims to provide unmatched customer support to its clients.

It has various account types, such as VIP trading account, ECN Classic, ECN Elite, Demo, Micro and Uniglobe Premium.

The broker claims to offer various promotions, including a welcome bonus, cash rebate, and refer-a-friend. It also claims to be a safe regulatory environment with no trade restrictions. With as little as $10, you can deposit and trade at Uniglobe Markets.

Uniglobe Markets offers multiple trading platforms, including MT4 and MT5. You can choose which trading platform suits your needs best.

The broker accepts traders from over 100 countries, including the UK, Australia, and Germany. It accepts payment options such as credit cards, bank wire transfers, and electronic payment systems.

Is Uniglobe Markets Regulated?

Uniglobe Markets is not regulated. This means that in case you have any issue, you can’t lodge your complaint with any supervisory body. Therefore, you should not trust this broker.

Even so, it claims to follow strict administrative guidelines while observing the laws of the Marshall Islands.

Why Are There So Many Victims of the Uniglobe Markets Scam?

Uniglobe Markets knows how to entice potential traders before scamming them. Since many people love free things, they fall victims to such scams because of small rewards.

An unsuspecting beginner may want to trade with Uniglobe Markets for various reasons, including:

• Welcome bonuses
• Low initial deposit
• High leverage
• ECN execution
• MT4 availability

However, we highly recommend staying away from this scam broker to avoid losing money.

Is Your Money Safe at Uniglobe Markets?

Definitely not. Experienced forex traders understand the risk of trading with an unregulated broker. If you deposit your hard-earned money at Uniglobe Markets, you might never see the cash again.

Offshore brokers like Uniglobe Markets with no credible oversight body will easily scam you without the fear of consequences.

Uniglobe Markets Scam Warning Signals?

1. The Location of the Company

Why is Uniglobe Markets located in Marshall Islands? Why choose an offshore location?

We can’t criminalize all offshore locations. And yes, there may be a few good apples from anywhere. However, some of these offshore zones attract scammers since they do not have strict laws.

2. Uniglobe Markets Isn’t Regulated

Uniglobe Markets claims to be running under the laws of Marshall Islands. However, such laws aren’t strict enough to regulate an international forex broker like Uniglobe Markets.

And there’s no significant regulation that governs its business in the countries where it runs like UK, Germany, Australia, etc.

This raises questions. The company may hide behind Marshall Islands’ laws while scamming traders.

One rule in the forex market is you should never make a deal with unregulated brokers like Uniglobe Markets. Dealing with them is like throwing away your hard-earned money.

3. Uniglobe Markets Offers Massive (Sometimes Misleading) Promotions

Uniglobe Markets claims to reward those who sign up with them through welcome bonuses?

Interesting fact:

Such bonuses are not real. Never let them blind you. You’ll only see the cash on your trading account but can’t withdraw it. That’s just virtual way to make it look like your account has more money, while it doesn’t.

They also reward you if you refer a friend to trade with them. While this is not always wrong, remember we’re dealing with a company that has multiple red flags. So, rewarding people to share about them massively will just bring in as much fish as possible to its net.

4. Traders Have Problems Withdrawing Money From Uniglobe Markets

Deposits are easy and almost instant. Traders can load their accounts via Neteller, bank wire, Skrill and FasaPay, among others.

The problem comes when trying to withdraw, something common with all scam brokers. Some traders complain that their withdrawal requests go unanswered.

5. Uniglobe Markets Cannot Operate in Certain Countries

A legit broker can run in each of its target countries, as long as it’s regulated by reputable bodies such as ASIC, FCA, CySEC and NFA.

However, Uniglobe Markets is not regulated. As a result, it cannot operate in countries with strict forex regulations, such as the UK and the US.

Are There People Who Have Lost Money to Uniglobe Markets?

Sadly, yes. Some choose to suffer silently, while others share their experiences to help other traders stay cautious. Here is what we got from some victims.

Uniglobe Markets Review Conclusion: Is This Broker Legit or Just Another Scam?

Uniglobe Markets is a scam. Your money, your financial data, and everything about you is not safe with it. It’s an offshore broker that is not regulated. It has some misleading promotions. Withdrawal is a pain. And it cannot operate in countries with strict financial laws.

If, by any chance, you lost your money to Uniglobe Markets, we can help you get it back. All you have to do is schedule a free consultation so that we can start the recovery process.

Author: Josh Chinn

If you have lost money investing with FXPrime, we can help you. Schedule a free consultation with us right away. Our qualified experts can guide you on how to recover the lost funds.

Here’s the truth about FXPrime.

An Honest FXPrime Review

At a glance, FXPrime presents a perfect opportunity for clients to invest in forex, crypto, stock, and gold. With the promise to deliver a powerful and fair trading platform, it claims that clients will benefit from dedicated service and 24/5 professional customer support.

According to its website, its senior management has over 25 years of experience in the foreign exchange trading field.

Let’s inspect its activities to see whether FXPrime is a scam. Here’s the big question:

Is FXPrime a Legitimate Forex Broker?

Before investing with a forex company, you need to do your due diligence to avoid scams. However, even the most seasoned investors aren’t completely safe.

To help you identify how a legit forex broker works, we will decipher the truth behind FXPrime operations and services offered. We’ll also examine whether any reputable financial body regulates it. Using this data, we’ll give a solid verdict on whether this company is legit.

FXPrime: Background

This company specializes in forex and CFDs. Through the trading platform, it deals in assets, indices, currencies, and commodities.

Although it’s unclear when the company was established, the website went live in 2019. It has its headquarters in St. Vincent and the Grenadines under the ownership of Royal Gates Ltd.

Is FXPrime Regulated?

No. FXPrime is an unregulated forex broker. Its website doesn’t provide any information that shows its regulated. For a company that’s registered in an offshore zone, St. Vincent and the Grenadines, this is a major red flag.

An offshore broker that’s not regulated is a tactic used by scammers. The company does not follow international rules that provide protective measures to traders.

FXPrime in the UK?

Despite having UK phone contacts and country codes, this company hasn’t received a nod from the regulatory body in the UK, The Financial Conduct Authority (FCA).

FXPrime in the US

According to US laws, all brokers must register with the National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC). Since FXPrime is not registered in the country, it’s not legal and available for American traders.

Is FXPrime a Scam?

This broker’s entire platform is built on theoretical promises. Apart from the lack of regulation, more signs paint this company as a scam. Here are some of them.

1. The Business Ownership

There’s so much anonymity with this company. This firm describes its team of professional experts vaguely without mentioning names or founding members on its website. In addition, it has a limited online presence which says a lot about the brokerage firm. If it was a legit company, the information could be out in the open.

2. The Location

Offshore zones such as St. Vincent and the Grenadines islands have become safe havens for scammers. The specific address provided by FXPrime is suspicious. There have been several complaints and negative reviews on the address. Scammers have been listing this office as their base of operations.

Because of the negative publicity, Griffin Corporate Center issued a warning on the misuse of the address to warn potential investors.

3. The Investor Warnings

This broker and its parent company, Royal Gates Ltd, have been added to warning lists by Belgian financial regulator FMSA and Austrian regulator FMA.

These alerts warn investors against doing any business with these dubious brokerage firms. They’ve also banned the broker from carrying out any banking transactions and accepting funds.

4. The Asset Index

Apart from offering commodities, indices, assets, and currencies, this brokerage firm also shows that clients get a savings account that gains interest. This is a red flag because the company is not a bank.

5. False Information

Most legit forex traders have mobile apps that make it easier for clients to track their investments. In the case of FXPrime, it assures the customers that they can trade from anywhere using their apps on both Android and iOS.

However, a quick check shows that the apps don’t exist.

6. The Account Details

FXPrime offers six types of trading accounts, i.e., Basic, Standard, Silver, Gold, Platinum, and VIP. All these accounts come with a welcome bonus, the highest being 50%. This is a trap for investors opening an account with them.

In addition, the different types of savings accounts are also suspicious. By offering banking services, this company can easily get more cash from unsuspecting investors.

7. The Customer Support Services

Despite not having records, the company claims its team of experts has over 25 years of experience. On top of this, clients can reach out to the team via their chat tool AnyDesk. This software has been in the news lately because it grants third parties access to your device.

Scammers have used AnyDesk before to drain bank accounts remotely. By using this platform, you could easily expose your bank account and credit card information.

FXPrime Review: Final Verdict

FXPrime is a scam.

A quick glance at its website may make FXPrime look like a legit forex trading and CFDs company.

However, from this in-depth FXPrime review, it’s a well-managed scamming business. From the anonymous ownership, sketchy address, and false information to the investor warnings by various regulatory bodies, this company is not trustworthy.

The offshore registration opens up your investment to too much risk because it’s not insured by any regulatory body. It also doesn’t have a clear footing in any country.

Have you traded forex, commodities, indices, or CFDs with FXPrime and lost money? Are you struggling to get your money back?

Wealth Recovery Solicitors (WRS) helps online traders who’ve lost money to such scam forex brokers. Schedule a free consultation with us and learn how you can recover your funds.

Author: Josh Chinn