UNFXB Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 18:26

Abstract：Founded in 2020, UNFXB (Unicorn Forex Broker) is an unregulated broker registered in Saint Vincent and the Grenadines, offering trading in forex, ETFs, cryptocurrencies, CFDs, metals, energies, commodities, stocks and indices with leverage up to 1:1000 and spread from 1.5 pips on the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is just $10.

UNFXB Review Summary
Founded	2020
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex, ETFs, cryptocurrencies, CFDs, metals, energies, commodities, stocks and indices
Demo Account	❌
Leverage	Up to 1:1000
Spread	From 1.5 pips (Standard account)
Trading Platform	MT5
Copy Trading	✅
Min Deposit	$10
Customer Support	Live chat
	Tel: 448005200072, 61288800128
	Email: Support@unfxb.com
	Twitter, Facebook, Instagram, LinkedIn, YouTube, Telegram
	Address: Suite 803, 8th floor, Hennessy Tower, Pope Hennessy Street, Port Louis, Mauritius

　　Founded in 2020, UNFXB (Unicorn Forex Broker) is an unregulated broker registered in Saint Vincent and the Grenadines, offering trading in forex, ETFs, cryptocurrencies, CFDs, metals, energies, commodities, stocks and indices with leverage up to 1:1000 and spread from 1.5 pips on the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is just $10.

Pros and Cons

Pros	Cons
Lots of trading products	Unregulated
Various account types	No demo accounts
Flexible leverage ratios
MT5 trading platform
Low minimum deposit
Multiple payment methods
No deposit fees
Live chat support

Is UNFXB Legit?

　　No. UNFXB has no regulations currently. Please be aware of the risk!

What Can I Trade on UNFXB?

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Metals	✔
Energies	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
ETFs	❌
Bonds	❌
Options	❌

Account Type

Account Type	STANDARD	ECN	ECN PRO	ECN GOLD	ISLAMIC	PAMM	MAM	COPY Trading
Min Deposit	$10	$100	$1,000	$10,000	$100
Accepted Currencies	USD/EUR/GBP			USD	USD/EUR/GBP

Leverage

Account Type	STANDARD	ECN	ECN PRO	ECN GOLD	ISLAMIC	PAMM	MAM	COPY Trading
Max Leverage	1:1000	1:500	1:200	1:100	1:300	1:200

Fees

Account Type	STANDARD	ECN	ECN PRO	ECN GOLD	ISLAMIC	PAMM	MAM	COPY Trading
Spread	1.5 pips	0.7 pips	0 pips		0.7 pips	8 points

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, Android, iOS	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

Deposit Method	Accepted Currencies	Fee/Commission	Processing Time
Neteller	GBP, USD, PLN, LNR	❌	Instant
Western Union	EUR, USD, GBP		24 hours
Bitcoin	BTC		Instant
Perfect Money	EUR, USD
Litecoin	LTC
Ethereum	ETH
Bitcoin Cash	BCH
Dash	Dash
Tether	USDT
Monero	XMR
NEO	NEO
Biance Coin	BNB
Royal Bank of Canada	CAD, USD
Rial Bank Iran	Rial
Wire Transfer	EUR, USD, GBP
Exchange in Afghanistan	AFN, USD

Withdrawal Method	Accepted Currencies	Fee/Commission	Processing Time
Neteller	EUR, USD, GBP	❌	6-48 working hours
Western Union	EUR, USD, GBP	5%
Perfect Money	EUR, USD	0.5%
Royal Bank of Canada	CAD, USD	3%	3-5 working days
Rial Bank Iran	Rial	❌	6-48 working hours
Wire Transfer	EUR, USD, GBP		Instant
Exchange in Afghanistan	AFN, USD		Instant
Tether	USDT	$6	6-48 working hours