UnicoFX-Some important Details about This Broker
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 |
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