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Unicorn Brokers Review: Unicornbrokers.trade Forex Scam

Unicorn Brokers Review: Unicornbrokers.trade Forex Scam

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Unicorn Brokers (Unicornbrokers.trade) is another rotten CFDs, Crypto Currency, and Forex scam platform to hit the trading world. UnicornBrokers is purporting to offer over 250 trading instruments and personal help. With such a high euphoria, one would think to sign up with this platform. Before you do, you need to know what other members are going through with this platform. Read this honest UNICORD BROKERS Review and find out more.

Unicorn Brokers Review

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Unicorn Brokers Review

After getting some email complaints from members of this platform, we decided to investigate. Over twenty members have been complaining in regards to accounts being blocked for no reason. It should be noted that these accounts are being blocked or closed with balance still reflecting. And this is a clear indication we are dealing with a scam or a platform which is going under.

Scam artists will create moving websites to simply lure unsuspecting investors to sign up. Without proper documentation, investors sign up without having a second thought. And this is what scam artists are after, your funds by using enchanting marketing tactics. Unicorn Brokers is no different as they claim to have over 16 years of trading experience. By claiming this, they are enticing investors into believing there are reliable and reputable. Is this the case with UnicornBrokers?

About Unicorn Brokers

Disclaimer at the footer of the homepage claims Unicorn Brokers Ltd owns this platform. They go ahead and claim this platform is based in Canada which is a total lie. Professional scam artists will do or say anything to ensure their platforms get recognized. And this is what Unicorn Brokers is doing with their Canada base claim. To set the record straight, their contact detail lacks any Canadian address.

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Unicorn Brokers is an anonymous website probably based offshore. Offshore brokers are notoriously known to flaunt set industry rules and regulations. Stay away from such scam artists who are not using credible contact details. Anonymity enables these scam artists to steal funds and tracing them becomes a problem. Stay away from this platform as members who signed up a while ago are ruing doing so.

Is Unicorn Brokers licensed or registered?

Unicorn Brokers is not licensed or registered by anyone on the face of the planet. The FCAC does not recognize this platform which is proof we are dealing with a quack. Details posted at the footer of their homepage are simply fake details. Numbers listed on the platform are random and don’t represent any valid registration. These scam artists have cooked up random numbers and posted them as registration number.

Why has the broker failed to post any details regarding documents of their registration? A true and legit broker will post details of their registration for all to see. By doing so, they ensure users are made aware of the transparent in the platform. Investors can also use the registration number to validate the license status on their own. Unicorn Brokers is not posting true documents as they are not dully licensed. Make sure to stay away from this broker and any other who shares similar characteristics.

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Features of Unicorn Brokers/ Advantages

Since Unicorn Brokers is not licensed or regulated, we could not find any advantage. Investors are putting their funds at risk the moment they deposit with this broker. Finding any advantage with this platform is like searching for a needle in haystack. Other members are complaining regarding unfair treatment by this broker. The web is full of negative comments and reviews of this platform.

Disadvantages of Unicorn Brokers

Accounts offered

Unicorn Brokers Accounts Offered

Unicorn Brokers is furnishing users with four different account types to choose from. Accounts are named Alpha, Beta, Gamma, and Pro. No one knows any of the account managers listed on this platform. It is possible these scam artists are hiring call agents to act as professional account managers. Once you get a call from one of the managers, you will later receive another call from a different manager.

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Demo Account

UnicornBrokers is providing users with a rigged demo account for suspicious reasons. UnicornBrokers have used a rigged demo account as a way of enticing users to sign up. Results produced by their rigged demo account are not true. It seems with their demo account; users are making a guaranteed profit of over 98%.

Deposit and withdrawal

It seems depositing funds with this broker is easy and fast. Account funding is mainly by bank transfer which raises more questions. One member sent us an account number which is clearly a personal account number. Banks have a way of listing personal accounts with corporate or business accounts. It is possible users are depositing funds straight to owner’s personal bank account. And this is where we draw the line with this rogue platform. Withdrawal is still an issue with this platform.

Trading platform

According to the disclaimer at the footer of their homepage, this broker is using MT4 trading platform. It would be okay if only their website is fully protected from third party attacks. Unicorn Brokers is properly securing their website with the right security protocols such as SSL Encryption. It means hackers can easily take advantage of this loophole and steal credit card information. Your credit card maybe used to buy goods and services online without your consent.

Are funds safe with Unicorn Brokers?

How can funds be safe with a broker who is not licensed and is using fake registration numbers? Bankruptcy can occur at any time leaving users crying foul. Stay away from this platform as they don’t even use basic malware protection on their website. UnicornBrokers is simply another rotten online investment scam platform.

Is Unicorn Brokers a scam?

Unicorn Brokers Trading Platform

After checking all the relevant data, we are sure UnicornBrokers is a scam. Stay away from this platform as no one knows when the broker will close shop. Mark all their emails as Spam and warn your family and friends from joining it. Once you consider signing up, you should know you are setting yourself up for a scam.

Verdict

Adding this scam to our blacklist will protect our readers from signing up with them. Stay away from this platform and use recommended products.

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Wishing all investors a happy and prosperous trading experience.

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5 Replies to “Unicorn Brokers Review: Unicornbrokers.trade Forex Scam”

  1. They told me to invest a minimum of $250 after i did that in less than a week they started asking for more money i told them i dont have and the senior account manager said he can’t work with me

    1. Why do you lie? Unicorn brokers is very safe. I have account in unicorn brokers. The support is really great. They call me anytime I want. I had withdrawal 2 times.

  2. I work with Unicorn and it is great and so far I have tried to withdraw money and deposited it into my account, you are only going to destroy it.

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