UNFXB Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-12-27 18:26Abstract：Founded in 2020, UNFXB (Unicorn Forex Broker) is an unregulated broker registered in Saint Vincent and the Grenadines, offering trading in forex, ETFs, cryptocurrencies, CFDs, metals, energies, commodities, stocks and indices with leverage up to 1:1000 and spread from 1.5 pips on the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is just $10.
| UNFXB Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, ETFs, cryptocurrencies, CFDs, metals, energies, commodities, stocks and indices |
| Demo Account | ❌ |
| Leverage | Up to 1:1000 |
| Spread | From 1.5 pips (Standard account) |
| Trading Platform | MT5 |
| Copy Trading | ✅ |
| Min Deposit | $10 |
| Customer Support | Live chat |
| Tel: 448005200072, 61288800128 | |
| Email: Support@unfxb.com | |
| Twitter, Facebook, Instagram, LinkedIn, YouTube, Telegram | |
| Address: Suite 803, 8th floor, Hennessy Tower, Pope Hennessy Street, Port Louis, Mauritius | |
Founded in 2020, UNFXB (Unicorn Forex Broker) is an unregulated broker registered in Saint Vincent and the Grenadines, offering trading in forex, ETFs, cryptocurrencies, CFDs, metals, energies, commodities, stocks and indices with leverage up to 1:1000 and spread from 1.5 pips on the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is just $10.
Pros and Cons
| Pros | Cons |
| Lots of trading products | Unregulated |
| Various account types | No demo accounts |
| Flexible leverage ratios | |
| MT5 trading platform | |
| Low minimum deposit | |
| Multiple payment methods | |
| No deposit fees | |
| Live chat support |
Is UNFXB Legit?
No. UNFXB has no regulations currently. Please be aware of the risk!
What Can I Trade on UNFXB?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Options | ❌ |
Account Type
| Account Type | STANDARD | ECN | ECN PRO | ECN GOLD | ISLAMIC | PAMM | MAM | COPY Trading |
| Min Deposit | $10 | $100 | $1,000 | $10,000 | $100 | |||
| Accepted Currencies | USD/EUR/GBP | USD | USD/EUR/GBP | |||||
Leverage
| Account Type | STANDARD | ECN | ECN PRO | ECN GOLD | ISLAMIC | PAMM | MAM | COPY Trading |
| Max Leverage | 1:1000 | 1:500 | 1:200 | 1:100 | 1:300 | 1:200 | ||
Fees
| Account Type | STANDARD | ECN | ECN PRO | ECN GOLD | ISLAMIC | PAMM | MAM | COPY Trading |
| Spread | 1.5 pips | 0.7 pips | 0 pips | 0.7 pips | 8 points | |||
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Android, iOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
| Deposit Method | Accepted Currencies | Fee/Commission | Processing Time |
| Neteller | GBP, USD, PLN, LNR | ❌ | Instant |
| Western Union | EUR, USD, GBP | 24 hours | |
| Bitcoin | BTC | Instant | |
| Perfect Money | EUR, USD | ||
| Litecoin | LTC | ||
| Ethereum | ETH | ||
| Bitcoin Cash | BCH | ||
| Dash | Dash | ||
| Tether | USDT | ||
| Monero | XMR | ||
| NEO | NEO | ||
| Biance Coin | BNB | ||
| Royal Bank of Canada | CAD, USD | ||
| Rial Bank Iran | Rial | ||
| Wire Transfer | EUR, USD, GBP | ||
| Exchange in Afghanistan | AFN, USD |
| Withdrawal Method | Accepted Currencies | Fee/Commission | Processing Time |
| Neteller | EUR, USD, GBP | ❌ | 6-48 working hours |
| Western Union | 5% | ||
| Perfect Money | EUR, USD | 0.5% | |
| Royal Bank of Canada | CAD, USD | 3% | 3-5 working days |
| Rial Bank Iran | Rial | ❌ | 6-48 working hours |
| Wire Transfer | EUR, USD, GBP | Instant | |
| Exchange in Afghanistan | AFN, USD | ||
| Tether | USDT | $6 | 6-48 working hours |
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