Broker Unity Review: a Subtle Scam in the Market

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Broker Unity Review: a Subtle Scam in the Market

Broker Unity is a company that claims it is the best broker in the industry. The platform guarantee traders they will have a conducive trading environment. Additionally, you will have multiple trading tools.

Sadly, this company is a scam that has a warning from FCA. The platform is a scam that investors should stay away from at all costs. The firm has multiple red flags that are visible to any trader.

You do not need to have background knowledge in investment to note that this entity is too good to be true. The least amount that the broker accepts is $250. At least this is according to the standard market fee.

Broker Unity is allegedly trading commodities, forex, and indices. You will be shocked when you read their terms and conditions. This company has no intention of handling investors’ withdrawal requests.

Investors will never earn funds with this broker. They are offing their services illegally. Moreover, this entity has negative reviews from their customers. The red flags are multiple, and you will suffer severe losses. Review

Broker Unity allegedly puts the needs of their clients as their priority. The platform is also offering training services to its clients. The suspicious venture states that they provide 100% privacy and security for their clients.

Unfortunately, this is another marketing strategy. The scam does not offer fund safety to its customers. They have proven to be professional scammers who are only after customers’ money. Their customer support is a big joke.

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Broker Unity Review, Broker Unity Company

Despite their multiple red flags, Broker Unity claims it has executed over 100K traders. The platform was established in March 2020. Therefore, the statics they project is bogus and manipulative. The company lacks a trading history.

Moreover, there is no way they could have attained such a high number audience. The company observes anonymity. The qualification of their team remains a mystery. The entity has little traffic coming on their website.

The registration process of Broker Unity is straightforward. Nonetheless, we do not recommend this scam to the public. Invest wisely with trustworthy forex brokers in the market. You will sleep peacefully, knowing that your money is safe.

Trading Conditions

Broker Unity offers leverage of 1:400. The cap is more than what the regulatory body recommends. You should note that despite this lucrative offer, it could go both ways. No matter what your experience is, avoid high leverages. Scammers only avail of most of these terms.

Moreover, the entity provides a spread of 0.1 pips on the EURUSD currency pair. You should note that despite this being a profitable opportunity, this entity is a scam. Broker Unity avails a Web-based platform as well as an MT4.

Broker Unity Withdrawal and Deposit

The entity is accepting funds via wire transfers and credit cards. In case you are dealing with a platform that is not reputable, you should use the credit card option. This is because you can issue a chargeback within 540 days.

Some companies accept a low amount of funds, even $10. However, for Broker Unity, you need to cash in an amount of $250. The platform allows traders to withdraw a minimum amount of $50. Nonetheless, legit brokers permit investors to cash out any amount they desire.

Moreover, this broker does not provide information regarding the dormant account. Therefore, we do not know the charges that they will inflict on their clients. You can expect anything from this shady entity.

Broker Unity does not have a trading bonus. However, there is a minimum trading volume that you have to meet. It is hard for investors to miss out on the requirements. Most traders do not read the terms and conditions thoroughly.

Contact Details

Broker Unity is located at Marshall Island. The corporate that is monitoring this company is known as Kode Tech Solution Limited. It is a notorious scam in the market. The fraud has terrible customer support services.

They do not respond to the query of their clients. The company does not answer phone calls of those they have scammed. You should not venture with a platform that does not have offer professional support services.

Broker Unity will treat you as they please. Unfortunately, you cannot do anything about it. This is because the company is not following any jurisdiction. Avoid offshore investment brokers. No benefit will come from trading with them. There are multiple better choices in the industry.

Regulation Status of Broker Unity

The entity does not have a license from any regulatory body in the world. Broker Unity is offering investment services in the United Kingdom with the authority of the FCA. Therefore, this platform has been blacklisted by this financial watchdog.

Trading with them exposes you to multiple risks. The location of this entity also raises suspicion. Marshall Island is infamous for accommodating scammers in the industry. The country does not regulate forex trading.

Additionally, it is straightforward to register a company because you do not have to be there physically. The majority of the investment platform based on this island end up collapsing. You cannot compare a regulated broker with a company located at Marshall.

If you are interested in trading, you should deal with a venture that has a license from FCA, ASIC, CySEC, or NFA. You will be protected against losing funds. The financial regulatory bodies ensure that funds are segregated in separate accounts.

Additionally, a company should set aside a certain amount of money to compensate investors if they face bankruptcy. Broker Unity does not observe the negative balance policy. Therefore, you can lose more money than you initially deposit.

Broker Unity Investors Feedback

Their clients are accusing the company of being a scam. Traders have lost a substantial amount of funds from this entity. Once you ask for a withdrawal request, Broker Unity keeps giving excuses. The broker is asking for more money.

The support is manipulating their customers. It is unethical how this entity treats its clients. All the promises which this platform promises are only meant to entice traders. You will not receive anything from them.

Learn from the experience of those who have already lost funds. If you choose to give Broker Unity a chance, you shall suffer the same fate. The salespersons are very convincing; they will make you deposit money.

However, the withdrawal process will turn into a mice and cat race. Despite this company being a scam, their marketers are promoting the platform to be legit. Keep in mind that by the end of the day, they will get their cut.

Final Verdict

Broker Unity is a scam that has disappointed most of their clients. The shady company has stolen a large number of funds from their customers. Additionally, they have received a warning from the FCA. Expect them to exit the market soon.

The Ponzi scheme has lucrative offers for their victims. It is a simple way of gaining more customers. You will never yield the vast returns which the company advertises. Their address also raises eyebrows.

Invest with legit forex brokers in the market that are reputable and trustworthy. They offer reasonable leverage and spread. Additionally, you can trade multiple currency pairs and assets. Do not risk the safety of your funds with an unregulated broker.

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