UnicoFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-13 11:47

Abstract：Founded in 2023, UnicoFX is a forex broker registered in Australia, offering trading through web-based platforms, including forex, commodities, indexes, cryptocurrencies and stocks. The minimum deposit provided is $1,000, which is quite high. Besides, UnicoFX is identified as a suspicious clone by the Australia Securities & Investment Commission (ASIC).

　　Note: UnicoFX's official website - https://www.unicofx.com is currently inaccessible normally.

UnicoFX Review Summary
Founded	2023
Registered Country/Region	Australia
Regulation	ASIC (Suspicious clone)
Market Instruments	Forex, commodities, indexes, cryptocurrencies and stocks
Demo Account	/
Leverage	Up to 1:200
Spread	/
Trading Platform	Web-based
Min Deposit	$1,000
Customer Support	Tel: +853 +44-208-089-82-60, + 74-99-350-92-89, +49-305-900-13-31
	Email: contact@unicofx.com
	Address: OAKLEIGH SOUTH VIC 3167, MELBOURNE AUSTRALIA

　　Founded in 2023, UnicoFX is a forex broker registered in Australia, offering trading through web-based platforms, including forex, commodities, indexes, cryptocurrencies and stocks. The minimum deposit provided is $1,000, which is quite high. Besides, UnicoFX is identified as a suspicious clone by the Australia Securities & Investment Commission (ASIC).

Pros and Cons

Pros	Cons
Various trading options	Inaccessible website
Variety of account types	Suspicious clone ASIC license
Flexible leverage ratios	No MT4/5
Popular payment options	High minimum deposit
	Withdrawal fee charged
	Long withdrawal processing time

Is UnicoFX Legit?

　　No, it is not a legit broker. UnicoFX claims to be regulated by the Australia Securities & Investment Commission (ASIC). However, it's a suspicious clone.

	The Australia Securities & Investment Commission (ASIC)
Regulatory Status	Suspicious Clone
Regulated by	Australia
Licensed Institution	UNICO AUST PTY LTD
Licensed Type	Common Business Registration
Licensed Number	649 547 571

What Can I Trade on UnicoFX?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indexes	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit	Max Deposit
Standard	$1,000	$5,000
Silver	$10,000	$20,000
Gold	$25,000	$50,000
Platinum	$100,000+

Leverage

　　UnicoFX offers leverage varies from 1:25 to 1:200 depending on different accounts. UnicoFX claims that it offers leverage of 1:500 in the client area. However, there are no account types in the user area, which is paradoxical between site and user area.

Account Type	Max Leverage
Standard	1:25
Silver	1:50
Gold	1:100
Platinum	1:200

Trading Platform

　　UnicoFX provides traders with the web-based platform.

Trading Platform	Supported	Available Devices	Suitable for
Web-based	✔	Web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

Payment Option	Min Withdrawal	Withdrawal Fee	Withdrawal Time
Wire transfers	$250	/	Up to 5 days
Credit/debit	$100	$35
Bank transfer		$50
E-wallets		$25