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BIG UNCLE -

Score

1.43 /10
Danger

BIG UNCLE

China

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.biguncle.uk/index111.html

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Comparison

Quantity 9

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.35

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

BIG UNCLE LIMITED

Company Abbreviation

BIG UNCLE

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

9 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

They force us toay vat tax

I withdraw 10k$ they asked to pay 2338$.i paid vat tax also but still I didn't recieve money

2022-05-09 17:41
Unable to Withdraw

Delay the withdrawal

Apply for withdrawal and it was delayed again over again. It is said that the account is abnormal at the end. It requires to pay the margin to remove the exception to withdraw and it must be paid within their designated period. Otherwise, the account will be frozen forever.

2022-03-29 06:03
Unable to Withdraw

Requiring to pay huge amount of margin and refuse to withdraw

It says that the account is suspected of money laundering and has been frozen, and requires to pay the margin within time limit, and refuse to withdraw. I hope I can withdraw all funds from my account

2021-12-28 19:19
Unable to Withdraw

Do not allow withdrawals and requires additional deposits

I want to withdraw $3000 but customer service refused and did not reply. Then they asked me to deposit 30,000 to withdraw all of them.

2022-03-31 19:38
Unable to Withdraw

It said that they will withdraw after I provide ID

It just ask us to pay the margin. There is clearly no money and still ask us to pay such things.

2022-01-11 17:14
Unable to Withdraw

bad experience

This company is part of a euro/worldwide scamming network. I had a trading account of over 50k but as soon as I asked for a withdrawal they tried to terminate the account. I didn't get any contact from them but I followed the money and had cases lodged with various fraud regulatory bodies inclusive of fintrack/ org for this reason, the investment was released giving me the opportunity to close the account. Don't even think of investing here.

2022-05-10 22:02
Unable to Withdraw

Big Fraud Limited

This is a scam, don't send/pay any money. The setup is a fraud, they use all the tools you can think of to make you pay (and pay again). Unfortunately, an elderly family member got affected by the loss.

2022-05-10 16:23
Resolved

Scam and do not allow withdrawals

When I requested Customer Service to withdraw $3000, it was refused and asked me to deposit another $30,000 before I could withdraw with an illustration.

2022-03-31 19:26
Unable to Withdraw

unable to withdraw

i can't withdraw both deposit and profit due to vat 20%. hidden issue rises from time to time. Conversation could provide if asked.

2022-05-16 14:18
    BIG UNCLE · Company summary

    Note: BIG UNCLE's official website - http://www.biguncle.uk/ is currently inaccessible normally.

    BIG UNCLE Review Summary
    Founded2012
    Registered Country/RegionChina
    RegulationUnregulated
    Market Instruments/
    Demo Account❌
    Leverage1:100-1:500
    EUR/USD Spread/
    Trading PlatformMT5
    Min Deposit$100
    Customer SupportEmail: biguncle@email-contact.online
    Physical address: Unit 12, Ravenswood Industrial Estate, Shernhall St, London E17 9HQ

    Registered in China in 2012, BIG UNCLE is considered a high-risk and avoidable offshore company due to potential regulatory issues. It requires a high minimum deposit of $100 and offers leverage up to 1:500. In addition, its official website is currently inaccessible, and no information about trading options can be obtained as a result.

    BIG UNCLE

    Pros and Cons

    Pros Cons
    Flexible leverage ratiosUnavailable website
    MT5 trading platformNo regulation
    Fake physical address
    Only accept crypto payments
    No demo accounts
    Limited contact channels

    Is BIG UNCLE Legit?

    BIG UNCLE is completely unregulated. In addition, it has misrepresented its address, pretending to operate in the UK, yet the company lacks a license from the UK's market regulator, the Financial Conduct Authority (FCA), posing a clear danger to investors.

    No results from the FCA

    Leverage

    BIG UNCLE offers selectable leverage ranging from 1:100 to 1:500. Even the minimum leverage reaches up to 1:100, which further confirms that we are not dealing with a regulated UK broker. In the UK, licensed brokers are not allowed to provide leverage higher than 1:30 to retail clients, as high leverage exposes traders to significant risks.

    Trading Platform

    BIG UNCLE offers a distribution of the industry-standard trading platform, Metatrader 5. However, upon installation, we found that it was the generic version of MT5, which can be downloaded completely free of charge from the MetaQuotes website. This implies that BIG UNCLE does not have its own MT5 terminal and you cannot trade with them through this platform.

    Trading PlatformSupported Available Devices Suitable for
    MT5✔DesktopExperienced traders
    MT4❌/Beginners
    MT5

    Deposit and Withdrawal

    BIG UNCLE only accepts deposits made through various cryptocurrency assets. This means that refunds cannot be requested, a common tactic employed by fraudulent brokers.

    As for the minimum deposit amount of $100, it is excessively high, as legitimate brokers typically charge no more than $10 for their micro accounts.

    Payment

    News

    NewsWikiFX Review: Is it OK to conduct business with “BIG UNCLE”?

    BIG UNCLE is an online forex broker offering a couple of financial instruments to its clients across the globe. But recently we received a lot of complaints related to this broker. And we wonder to know if BIG UNCLE is trustworthy. Therefore, WikiFX made a comprehensive review of this broker to give you a better understanding of the truth.

    WikiFX
    2022-07-14 17:44
    WikiFX Review: Is it OK to conduct business with “BIG UNCLE”?

    NewsTen Major factors that affect the exchange rate of a country's currency

    Several factors affect the exchange rate of a country's currency ranging from: an interest rate hike, monetary and fiscal policies, unemployment rate, GDP, Consumer Price Index, Inflation, Quantitative Easing, Elections, Balance of trade, and International Debts. Every forex trader must pay great attention to these factors to assist him/her in making decisions on which currency pair to either buy or sell in the forex market daily.

    WikiFX
    2022-06-13 15:31
    Ten Major factors that affect the exchange rate of a country's currency

    NewsON THIS DAY LAST YEAR, THE CURRENCY RATE WAS N503/$1, AND IT IS TODAY N610.

    The exchange rate of the federal republic of Nigeria as at this time last year was still a headline that the people of the country do say, as at this time 2020, the exchange rate was a bit lower than 503/$, not to talk of the exchange rate in 2019, compared to 2022 exchange rate of 601/$. Things gets worst day by day for the Nigeria exchange rate. It has not been stable for a longer period of time. What is the major cause of this? How does the exchange rate change easily?

    WikiFX
    2022-06-10 16:23
    ON THIS DAY LAST YEAR, THE CURRENCY RATE WAS N503/$1, AND IT IS TODAY N610.

    NewsSouth African central bank eyes digital rand to cut cross-border payment costs

    A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central bank official said.

    WikiFX
    2022-06-02 13:39
    South African central bank eyes digital rand to cut cross-border payment costs
    About More

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    User comment

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    Comments

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    葉葉
    more than one year
    I'm desperate for forex trading. I, like many others, have been scammed by this hateful company BIG UNCLE and now we don't know where to get our money back. We can't even sue because there is no specific information about this company on the Internet... I regret it sooo much but it's already too late.
    I'm desperate for forex trading. I, like many others, have been scammed by this hateful company BIG UNCLE and now we don't know where to get our money back. We can't even sue because there is no specific information about this company on the Internet... I regret it sooo much but it's already too late.
    Translate to English
    2023-03-22 12:17
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    徐俊强
    more than one year
    They are scammers. They have not been processing withdrawals since December 2021. A lot of investors have lost their money. No response from them since then. Run far from them!!!
    They are scammers. They have not been processing withdrawals since December 2021. A lot of investors have lost their money. No response from them since then. Run far from them!!!
    Translate to English
    2022-12-15 18:20
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