Uniglobe Markets Exposed: Withdrawal Denials & High Slippage Issues Haunt Traders

Is your forex trading experience with Uniglobe Markets nothing short of a disappointment? Do the forex broker officials deny your withdrawal requests, giving numerous excuses? Does the constant high slippage drain out your profits? Fed up with the account blockage issue at Uniglobe Markets? These recurring issues have led many traders to believe they have been scammed by Uniglobe Markets. Many, frustrated by these events, have given negative reviews about the broker. In this article, we will share their reviews. Take a look!

Top Forex Complaints Against Uniglobe Markets

Failed Withdrawal Requests

Traders make fund withdrawal requests with Uniglobe Markets only to find their client portal being blocked by the broker. With that, traders cannot access information about their withdrawal status. Here is a trader who has highlighted this particular forex trading scam activity through this screenshot.

Capital Loss Due to High Slippage

High slippage, that too, in a manipulative fashion is increasingly becoming the norm at Uniglobe Markets. A trader reported that placing a one-standard-lot order resulted in a slippage of four extra pips, wiping out potential gains. The increase in lot size further advances the slippage, causing capital drainage and evoking sharp reactions from the trader. The screenshot below describes the helplessness of the trader with this high slippage issue.

No Customer Support Service

Customer support service is critical to boosting investor experiences. Unfortunately, this has not been the case with Uniglobe Markets, as traders are often found locked in an email trail without any answer to their problems. In one such incident, a trader witnessed an account blockage by Uniglobe Markets. The trader emailed and called the official. However, the problem was not resolved. While sharing the review, the trader also pointed out that when attracting deposits, the officials sound nice and responsive. However, as things become adverse, these officials do not take responsibility. Here is the long screenshot explaining the utter frustration over this issue.

The Review of Uniglobe Markets: Score & Regulation Status

There is a technical reason why Uniglobe Markets is flagged by traders worldwide. The UK-based forex broker does not hold a license from a competent financial authority for forex business. As a result, there is no supervision in its day-to-day operations, resulting in the mess that traders have experienced so far. So, the WikiFX team has given it a score of just 2.25 out of 10.

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