WikiFX Review: Is Flipunique Market worthwhile to invest in?

First let‘s go to the broker’s official website to have a look. Here is what Flipunique Market has to say about its regulation:

There are two distinct claims here which WikiFX will examine separately. Firstly, does the firm operate with an FSA license？ The answer is no – here is what the regulator had to say about the broker:

Flipunique Market is an officially exposed scam as the Seychelles FSA single-handedly caught it in wrongdoing and issued a warning against it. The authority states that flipuniquemarket.live is an unlawful website making reference to TopFX without permission and continues by saying that the website does not relate to any entity licensed or regulated by the FSA in any capacity!

Furthermore, the license number Flipunique Market uses is that of another, legitimate, company. WikiFX made the effort to check the CySEC website. Flipunique Market abuses the name of TopFX, an established broker licensed by CySEC and the Seychelles FSA. Flipunique Market apparently pretends to be someone else, which outright proves its a fraudulent scheme created to defraud people out of their money!

What's more, Flipunique Market claims to provide Desktop, iOS, Android and Online versions of a platform, but they never mentioned which brand it is. Also, upon registration, users‘ accounts remain pending, waiting for approval. KYC is good and is a practice among legit brokers, but it’s unacceptable to lock the account completely! Flipunique Market does not provide Demo accounts, which is a major red flag – authentic brokers should provide access to virtual money accounts so that clients can test the service before a deposit.

The trading costs are allegedly very low as Flipunique Market claims that spreads can reach 0.0 pips. The trading risks can be high as leverage is said to reach 1:500. The ratio has excellent profit potential but also carries enormous risks, so it should always be used with caution. The problem, in this case, is that 1:500 creates inconsistencies and contradictions as its not allowed by CySEC (the authority allows 1:30 max).

Now let's search “Flipunique Market” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX, Flipunique Marketcurrently has no valid regulatory license and the score is rather negative - only 1.00/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

Simply put, Flipunique Market is a pure scam you should avoid! It has received a warning from the regulatory body that oversees the markets in the Seychelles! Also, the so-called broker pretends to be a brand of a licensed company! Flipunique Market impersonates TopFX Ltd, so the former is a clone firm!

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.