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UNforex -

Score

2.92 /10
Danger

UNforex

Australia

5-10 years

Regulated in Australia

Common Business Registration

MT4 Full License

Regional Brokers

Suspicious Overrun

Medium potential risk

https://www.unforex.com/

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index1.25

Business Index7.08

Risk Management Index0.00

Software Index8.37

License Index1.25

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Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

UNforex PTY LTD

Company Abbreviation

UNforex

Platform registered country and region

Australia

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-09-20
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 628606897)Administration of Industry and Commerce-Register Non-Forex License. Please be aware of the risk!

WikiFX Verification

Exposure

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

Unable to withdraw funds after profiting in UNforex

After the profit is made, it is said your profit should be deducted because of illegal operations, and then the transaction number is completed before the withdrawal can be made. After the completion, it is profitable, and it is also said that the illegal operation

JIAOba
2021-06-04 21:39
Scam

UNforex is holding back my money for 1,5 months already although they say it has been send.

FYI they work as follows: In general they will pick out specific kind of investors and the moment you want to withdraw your money they hold it back for themselves and pretend as if they have send the money back to you. Consequently they hope you will leave it after some time, sending numerous of emails and/or chats with the request for only a simple investigation update with their CIMB bank (they will not give to you). Maybe after days of frustration they sometimes respond and joke you around with: "We are busy with it and will come back to you the moment we know more". My opinion is that if UNforex do NOT have the courtesy and politeness to update you (especially after weeks and months) about where my money is and why they are holding it back, for sure they are scamming you which is a criminal act. Summarized: My current experience is to NEVER NEVER send any money to these scammers because you can be rather for sure you will be one of them who will never see your money back. For sure I will continue to hunt them down till they stop their criminal activities.

FX3739673730
2021-09-28 15:01
UNforex · Company summary

GENERAL INFORMATION AND REGULATION

UNforex PTY LTD is an Australian financial institution headquartered in Sydney with a direct office worldwide, providing their clients with trading services for products such as Forex, Global Equity Index and Precious Metals CFDs. Direct office: UN CAPITAL GROUP PTY LTD、UNFX CAPITAL GROUP LTD、UNION BANCAIRE PRIVEE. UNforex claims that it is regulated by Australian Securities and Investments Commission (ASIC) (Financial authorization license number: 001282579), and the Canadian Financial Transaction and Reporting Analysis Center (FINTRAC) (Financial authorization license number by MIB: M19663656)，the business also regulated by the Securities Commission of Bahamas (SCB), there is no regulatory details on its website.

MARKET INSTRUMENT

UNforex provides their clients with trading services for products such as Forex; Foreign exchange currency trading, currency prices are constantly fluctuating, selecting well-known traders that are trusted, trading major, secondary and rare currency pairs.Trading is risky, investment must be cautious. They also offers Cryptocurrencies ,Equity Index and Precious Metals CFDs; A CFD is a financial derivative that allows you to trade price changes on underlying financial assets such as foreign exchange.

ACCOUNT AND LEVERAGE

The Broker offers three different trading accounts:

Standard account

  • With ≧$1000 can activate account

  • The lowest spread is 2.7(eg, EUR/USD)

  • Default leverage：1:100

  • Minimum transaction volume：0.01lots

VIP Account

  • Same features as the Standard account but The lowest spread is 1.8 (eg, EUR/USD)

PRO ACCOUNT

  • With $5,000 can activate account

  • The lowest spread is 0.5(eg, EUR/USD)

  • Floating spread

  • Default leverage：1:100

  • Minimum transaction volume：0.01lots

  • Single max transaction volume：30 lots

  • Maximum position: 120 lots

  • Single max transaction volume：30 lots

  • Maximum position：60lots

TRADING PLATFORM AVAILABLE

Whether you are trading forex, merchandise or CFD products, you can use their industry's top trading system Meta Trader 4 (MT4). A well known trading software and used by most of the traders.

DEPOSIT AND WITHDRAWAL

This broker accept bank wire, banking online and USDT only.

After you submitted the withrawal request,the risk management and compliance will verify if all your trades are valid. Usually, the withdrawal will be proceeded in 24 hours by Unforex Finance after the verification( Will be postponed due to the public holidays). The reason of the failure the withdrawal would be invalid trading/wrong bank account number/wrong beneficiary name and etc.

CUSTOMER SERVICE

First of all, you always can contact your account manager. If you can't reach your account manager in time and the issue is urgent, please write one email to support@unforex.com or you can go to our livechat to get support.

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北冥有鱼65721
more than one year
Me recomendaron esta plataforma UNforex, al principio pensé que el depósito mínimo de $ 1000 era un poco alto, así que quise verificarlo en wikifx, ¡solo para encontrar muchas críticas negativas! Honestamente, incluso con solo una crítica negativa, elegiría no negociar con él para proteger mi dinero.
Me recomendaron esta plataforma UNforex, al principio pensé que el depósito mínimo de $ 1000 era un poco alto, así que quise verificarlo en wikifx, ¡solo para encontrar muchas críticas negativas! Honestamente, incluso con solo una crítica negativa, elegiría no negociar con él para proteger mi dinero.
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2022-11-28 10:39
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Tan Wei Kent
more than one year
You can’t get started with a small amount of 100 dollars or even less, instead, you will have to invest 2,000 dollars to open the most basic Standard account. Their spread is also much wider than others, floating from 2.7 pips is almost two times the industry average EUR/USD spread.
You can’t get started with a small amount of 100 dollars or even less, instead, you will have to invest 2,000 dollars to open the most basic Standard account. Their spread is also much wider than others, floating from 2.7 pips is almost two times the industry average EUR/USD spread.
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2022-11-25 15:16
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