United Fx Trade Review: a Horrible Broker

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United Fx Trade Review: a Horrible Broker

United Fx Trade is a company that allegedly connects investors with financial markets. The venture claims it offers quality services to all investors. They also utilize the best technology and trading tools to attain success. Clients can also expect educational materials that will equip them with excellent knowledge.

United Fx Trade Review, United Fx Trade Company

The broker does not provide sufficient information regarding its operation. They only keep stating how they will connect you with the global market. An open platform will outline its risk management policy. You will also know the strategy being used.

Trading is one of the forms in which you can earn passive income. However, by choosing the wrong investment scheme, you will lose funds and risk your safety. There are thousands of genuine companies in the market. Nonetheless, you should watch out for shady entities. 

United Fx Trade is an offshore company. Therefore, they can do whatever they please without minding the risk posed to their clients. It is not all offshore companies that are scammers. Some are genuine and operate transparently by revealing The people behind the operation. Unfortunately, in the case of this broker, we don’t know who is responsible for their trading activities. Review

United Fx Trade does not provide funds safety to investors. This game is not working with the financial institution to segregate their account from those of their clients. You will risk depositing your hard-earned money into the pockets of con artists. It is impossible to recover the funds considering these are anonymous and fraudulent people.

Moreover, the platform has not provided its trading results period. Therefore, nobody knows how they have been performing in the market. You should not blindly believe the words of a suspicious company. It appears this is a recently established entity.

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United Fx Trade targets investors from areas with strict rules for investment schemes. Impossible to reach them yet the end to expect customers to provide their contact details.

You should never verify your account using government-issued documents with an offshore company. They may end up using the data against you. The best thing to do is look for a reliable entity with a performance record.

These are some of the transparent and authentic forex trading companies. They have excellent trading conditions. You are guaranteed professional services and a timely withdrawal process.

Trading Conditions of United Fx Trade

United Fx Trade has a trading interface. It has several attractive features. Investors can copy-paste the trading strategies of experienced traders. They can also trade automatically using the EAs. 

The platform has time frames, analysis tools, several customization options, and quick trade features. The indicators are also of high quality, and they provide trading strategies. This is probably the only thing. The entity has which is excellent.

United Fx Trade offers unattractive spreads. The EURUSD pair has a spread of 2.3 pips. Genuine companies or tight spread lower than 1.5 pips. The leverage is also lower and unprofitable. Clients are bound to enjoy the leverage of 1:10 on various products. The regulatory agencies allow brokers to offer a spread of 1:30 to 1:50. Withdrawal and Deposits 

Investors can deposit cash via VLoad.The least amount to deposit is $200. This is the majority requirement of investment schemes. However, even with $5, you will still get a genuine firm.

Investors can only withdraw a minimum amount of $10 and above. A withdrawal fee of $5 is applicable. The withdrawal process is handled within 1 and 3 days. This being an offshore scheme, they can close down the website unceremoniously. Your money will be trapped in the system without a way of recovering the money. 

Customer Support and Contact Details

If you face any problem, you can only contact customer support by filling out the contact form. United Fx Trade does not care about the experience of customers. Not only did they fail to provide a phone number but also an email address. Review, Features

 The social media icon featured on the footer will lead you back to the homepage. It is unethical and a big red flag. We also do not know their actual country of origin. This platform shut down its system unceremoniously, leaving its clients high and dry.

Investing with a reliable platform grants you peace of mind. You are assured of professional customer support services and timely responses. A legitimate platform focuses on improving the skills of its customers.

Regulatory Status of United Fx Trade

United Fx Trade is an illegitimate investment company. Its parent company is allegedly Vega One Trading LLC. The corporation is reportedly registered in Saint Kitts and Nevis. The body only oversees the trading activities of local brokers. 

The shameless company also states it is legally operating in Cyprus.CySEC is one of the stringent bodies in the market. The database does not have the name of this organization. The Spain financial body has already blacklisted the scheme. The National Securities Market Commission’s warning should not be taken lightly. 

It is risky for investors to deal with such ambiguous entities. If you face any challenges, nobody will come to your aid. It is also impossible to track down the con artists. You will eventually have to give up and lose a considerable amount of funds.

United Fx Trade does not have negative account balance protection. Additionally, the broker can change its terms and conditions whenever it pleases. They can also withhold your withdrawal process. 

The law requires that an investment scheme disclose the people behind its operation. We are in the dark as this venture has not made any effort to be transparent. They also do not have a compensation scheme in place. If the entity faces bankruptcy, customers will not receive a penny.

Clients’ Reviews of

United Fx Trade is a company showering praises for its success. It is, therefore, a big surprise that nobody has endorsed the services of this broker. If this were a successful scheme, they would have several reviews from traders. 

If a broker is not reliable, you should walk away from them. There are better entities in the market that have excellent trading conditions. Their existing customers have also earned passive income. 

Legitimate schemes do not use unethical trading conditions to win over traders. They will conduct their business ethically. Choose a broker that cares about their customers’ needs.

Final Verdict 

United Fx Trade is an ambiguous investment platform. The venture is not legally in business. They have already been blacklisted by one of the financial bodies in the market. Joining this entity shall lead to futile results. 

Here is a list of reputable forex trading ventures. They have ideal trading conditions. The withdrawal process is swift. The firms also follow the guidelines of the financial bodies. 

No, the scheme exposes traders to severe risks.

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?

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