Uniglobe Markets Forex broker review

September 2, 2018

Uniglobe Markets Forex broker has been around for some years now. The broker offers online Forex and CFD trading services to clients around the world. There are several things that every Forex trader should pay attention to before opening an account with any broker. In order to save your hard-earned money and also avoiding the anguish of knowing you have been conned, let us go through some of the features of this broker.

Uniglobe Markets

Uniglobe Markets Review

Unverified broker that looks like a scam!

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What is Uniglobe Markets Forex broker?

Uniglobe Markets Forex broker

Uniglobe is a company formed and registered to offer trading services in currency pairs, commodities, indices, CFDs, and metals. The official website displaying the broker’s information is owned and operated by Uniglobe Markets Limited. The address of the company is Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands. According to the website, Uniglobe Markets is mandated to offer financial services through its official website under the Regulatory Laws of Marshall Islands, Registration #78101.

Absent from the website are details on whether the broker is licensed by any well-known body to offer Forex trading services. The main regulatory bodies which issue FX trading license include FCA, FSB, and CySEC. Almost every other online broker will proudly display their license details and yet Uniglobe has nothing to show. In this Uniglobe markets review, we will find more reasons why you should keep away from this broker.

Trading at Uniglobe markets

It is not hard to see why the people behind this firm picked the Marshall Islands to set up a Forex brokerage firm. For starters, the sprawling islands are well known for being among the top tax havens of the world. As such, it becomes hard to follow up on any money that enters the territory. The other reason is that the Marshall Islands is not among the best financial regulators in the world. Based on the licensing and registration aspect alone, you should consider giving this broker a wide berth.

Trading at Uniglobe markets

There are five different types of accounts which you can choose from. The most basic is the Micro account which allows you to deposit only $10 as the initial deposit. While this account may seem attractive, you will find that the leverage provided by the broker is a whopping 1:500. Such a high leverage almost always leads to a trader not only losing their investment but more than what they have in their account. Little wonder then that Europe is fighting to have brokers maintain leverage at 1:30 and Japan at 1:25. The second account is Mini which requires a minimum deposit of $100. The Standard and ECN accounts require $500 while ECN Elite requires $10,000. As for the spreads, the broker is competitive as it starts at 1.3 pips for a standard account.

Is Uniglobe legit?

Is Uniglobe legit?

There are several Uniglobe Markets reviews which claim that it is impossible to withdraw money from your account. Some of the traders claim that more than 400 days later after they submitted a request to withdraw, the firm is still giving excuses. www.uniglobemarkets.com scam is likely to be affecting many of those who have not taken their time either to review the broker’s website or read a Uniglobe Markets review.

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Uniglobe Markets Forex broker review Overall rating: 1.3 out of 5 based on 3 reviews.


1 5 1
Do not trust it and trust no one who tells you that it is legit!

No Welcome bonus offer

2 5 1
I have deposited only 100$ and didn't get a bonus. In t&c it was written that I should be able to get it

great scam broker uniglobemarkets.com

1 5 1
dear ALL Trader. i deposited 300$ with uniglobemarkets.com.mt4 account # 2108903700 i made profit 100$+. after i made profit then i requested for withdrawal thy not send. & blocked my account. i ask why not send by email they not replay me 100+ email i sent they not reply me. when i contact live chat they just changed desk . finally i taking help desk 11. he ask me you selfy document bank statements & id card & deposit screenshot. after i will get it 2 days i sent all documents after 2 weeks live support just blocked me when i shows my account. finally support desk 3 told me my fund sent to my IB neteller account. i ask i deposited i send my fund to uniblgoe why send my fund to my ib. they told it was contact with ib. trader fund send to ib account. i ask why they sent to my fund to ib.live chat told i we dont know. then i contact with ib by Facebook. he told they are scammed lot of trader & also they not send my ib commission they are scam then i ask uniglobemarkets give the proof about send my fund to another person they dont have any proof . but i ask sir my fund send another person it real ? & if how trader fund security with your company. they told i dont know it depend on finance i ask how to contact with financial live chat told no have contact options with financial.Finally the give answer you dont contact with our company YOUR FUND SEND ANOTHER PERSON ALREADY & YOUR ACCOUNT BLOCKED now FPA please help me. they are scammed with me. please ask them why they my fund send another person. i m sure they told lied. they seal eat my all capital & all profit . please look my all proof below link. please help me get my fund.
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