Unian

Overview of Unian

Unian is a trading platform offering CFDs on forex, synthetic indices, stocks, stock indices, and cryptocurrencies. It operates out of the United States but is flagged as a “Suspicious Clone” by the National Futures Association, raising significant concerns about its legitimacy. The platform provides a demo account for practice and offers a proprietary trading platform called ST5. While it claims low base spreads, specific details about fees, leverage, and customer funds protection are unavailable.

Pros and Cons

Pros

• Diverse Asset Offering: Unian provides a wide range of trading instruments, including forex, indices, stocks, and cryptocurrencies, satisfying diverse investor preferences.

• Practice Account: The platform offers a demo account with unlimited virtual funds, allowing traders to experiment with different strategies without financial risk.

• Proprietary Trading Platform: Unian's ST5 platform provides a dedicated trading environment for its users.

• 24/7 Trading: The platform enables traders to access markets around the clock, taking advantage of global trading opportunities.

• Educational Resources: Unian supplements its platform with educational materials such as webinars and market analysis to support trader development.

Cons

• Regulatory Concerns: Unian's classification as a “Suspicious Clone” by the NFA raises serious doubts about its regulatory compliance and investor protection.

• Transparency Issues: The platform lacks transparency regarding fees, leverage, and how client funds are handled, increasing investor risk.

• Variable Spreads: While claiming low base spreads, the actual spreads traders experience may vary, potentially impacting profitability.

Regulatory Status

Unian is listed as a “Suspicious Clone” by the National Futures Association (NFA) with a Common Financial Service License number 0561418 and is regulated by the United States. This suggests that Unian might be operating illegally or fraudulently, and it is strongly advised that traders be extremely careful when considering trading with Unian.

Market Instruments

Unian offers a variety of trading products, including CFD contracts for difference, crude oil, precious metals, and bitcoin. They also offer the ability to trade these products with low transaction costs and a variety of popular trading software. Customers can register for an account and start trading from their PC or mobile device.

Account Types

Unian offers a trading account that allows customers to trade a variety of financial products, including foreign exchange, precious metals, energy, and major global indices. This account provides access to a global trading platform and allows customers to trade multiple products with a single account.

How to Open an Account？

To open an account with Unian FX, follow these steps:

1. Choose Account Type

• Demo Account: This allows you to practice trading with virtual funds without risking real money.

• Real Fund Account: This requires a deposit of real funds and allows you to trade with the potential to earn real profits.

2. Create or Sign In

• If you already have a Unian account, sign in.

• If you don't have an account, create one by providing the necessary personal and financial information.

3. Create an ST5 Account (for Real Fund Account only)

• Once you have a Unian account, create a specific ST5 account based on your trading preferences.

4. Fund Your Account (for Real Fund Account only)

• Deposit funds into your ST5 account using the available deposit methods provided by Unian.

5. Start Trading

• Once your account is funded, you can begin trading on the ST5 platform using the mobile app, desktop app, or web browser.

Leverage

Unian offers competitive handicap and dynamic variable financing leverage. This means that traders can potentially amplify their trading power by using borrowed funds to increase their position size. The exact maximum leverage offered by Unian can vary based on factors such as the trader's experience level, account type, and the specific market being traded.

Spreads & Commissions

Unian does say that“base trading spreads as low as 0”. This means that the lowest possible spread that Unian offers is 0. However, it is important to note that this is just the lowest possible spread. The actual spread that you will be charged may be higher, depending on the trading instrument you are trading in and the market conditions.

Trading Platform

Unian offers a proprietary trading platform called ST5, which allows users to trade forex, synthetic indices, stocks, stock indices, and cryptocurrencies on a single platform, 24/7. With over 330,000 clients and access to 100+ tradable assets, ST5 provides powerful charting tools, security, reliability, and a user-friendly interface suitable for both beginners and advanced traders. Users can also practice trading with a demo account before committing real funds.

Customer Support

Unian offers customer support through email at support@unianfx.com and is located at 96 Wadsworth Blvd Num 127-3255 Lakewood, CO 80226 U.S.A.

Conclusion

Unian offers a diverse range of tradable assets and a user-friendly platform with educational resources. However, its lack of regulation, limited transparency regarding fees and fund protection, and classification as a “Suspicious Clone” by the NFA pose significant risks to traders. Given these factors, it is strongly advised to prioritize regulated brokers with a proven track record for investor protection.

FAQs

Is it safe to use Unian？

Given Unian's unregulated status and classification as a “Suspicious Clone,” it is highly recommended to avoid using their platform due to the significant risks involved.

Does Unian offer educational resources？

Yes, Unian provides educational materials such as market analysis and webinars.

Is there a demo account available？

Yes, Unian provides a demo account with virtual funds for practice trading.

How can I open an account with Unian？

To establish an account with Unian, you typically need to provide personal information and complete the necessary registration process on their platform.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.