UNI Markets review – 5 things you should know about uni-markets.online

UNI Markets review – 5 things you should know about uni-markets.online

Rating: 1

Beware! UNI Markets is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


As soon as you enter the UNI Markets website, it is obvious that something is wrong. In theory, the website is available in English and Russian, but whichever version you choose, some of the content remains in one language and some in the other.

Fact-checking reveals that the most important legitimate information on the website is false, and that a dubious offshore company is behind UNI Markets. At the time of writing this review, UNI Markets also lacks the bass functionality that one would expect from a genuine forex CFD broker as it presents itself to be. Against this backdrop, it would be unwise to trust your money to UNI Markets.


The homepage lists the name of the company Uni Capital Group Ltd and an address in London, United Kingdom.

However, the legal documentation does not mention this legal entity and states that the governing law of the customer agreement is that of Cyprus:

More importantly, the Terms and Conditions make it clear that when you sign up for an account with the UNI Markets, you are actually entering into a relationship with the offshore broker ClickTrades and the Seychelles-based company KW Investments Limited.

In both the United Kingdom and the European Union member state of Cyprus, there are robust regulations for financial services providers. A company registered in an offshore zone such as the Seychelles cannot operate in these countries. For this purpose, the company must have a license from the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC). But Uni Capital Group and KW Investments Limited are not among the brokers authorised by the two regulators.

UNI Markets is not only an offshore broker with a low quality website, but is actively trying to deceive us. Under no circumstances should you trust your money to such websites full of false and contradictory information. Instead, you can turn to one of the many companies that really work under the supervision of respected regulatory bodies such as CySEC or FCA.

As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.


UNI Markets claims to offer two trading platforms – WebTrader, accessible via a browser, and the desktop application MetaTrader 5 (MT5), which is used by a significant number of brokers and traders worldwide.

But we have not been able to confirm whether this is true. At the time of writing this review, our attempts to register a Demo or Live account were not successful. The website lacks any links to download the software. But even if UNI Markets does indeed offer this or other trading software, there is no guarantee that this trading is real. Scammers use trading platforms to fool their victims into believing that their money is really being invested. And we have every reason to believe that UNI Markets are just that – scammers.

It is advisable to contact one of the many legitimate brokers that offer MT5 or the still very popular MT4. These platforms have established themselves as leaders because they offer a wide range of features, including a wide variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.


UNI Markets claims to offer three types of trading accounts, but does not provide any specific information about the trading terms associated with them. The only stated parameter is a minimum deposit of 1000 USD – an extremely high and non-competitive level. Most licensed brokers allow you to start trading with a tenfold lower amount, and some leading brands do not even have a set minimum deposit.

UNI Markets claims that among the assets it offers for trading are cryptocurrencies. But that wouldn’t have been possible if it was really based in the UK, because the FCA has banned crypto derivatives trading for retail traders.

UNI Markets also describes on its website and Terms and Conditions a range of bonuses. Regulated brokers are prohibited from offering customers bonuses, promotions and prize games.


There is no information on payment methods and transaction fees on the UNI Markets website and legal documentation. Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller. Scammers on other hand prefer cryptocurrencies because these transactions are not subject to refunds.

If the customer has received a bonus, the withdrawal of profits becomes conditional upon meeting minimum traded volume requirements. These requirements are extremely high – 10 000 USD for every 1 USD bonus. Such clauses blocking the client’s ability to withdraw his money are typical of fraudulent schemes.


While browsing the interwebs there is a significant chance you will come across comments, videos, social media pages that promise easy ways to passively make money. If you follow the links you will be taken to websites claiming to be legitimate brokers or investment firms. And if you take the next step and make contact with the people behind these websites, you will be contacted by slick and experienced scammers who will lure you in with promises of easy profits. For a while they will convince you that your investment is generating impressive returns and you need to pour in even more money to make sure you don’t miss out on this once in a lifetime opportunity

However, the attitude towards you will be changed if you want to withdraw your money. Suddenly, it will turn out that your investment makes losses and you even owe money to the fake broker for unexpected fees and expenses. They will show you clauses hidden in the Terms and Conditions, according to which you can only withdraw money after you have traded an impossible minimum volume, or that you will have to pay withdrawal fees of 20%, 30% or even more. When you try to hold them accountable you will find they are using fake names and shell companies in shady offshore jurisdictions without any regulatory oversight.


Your options to recover your money are limited. If credit/debit cards were used for the transactions, you have the possibility to request a chargeback. But most scammers insist that you send them proof of identity and address with which they can dispute that the transactions were legitimate. Fraudsters also predominantly use cryptocurrencies, where refunds are impossible.

You should also be aware that there are many scammers who offer to recover your money for an upfront fee. You should not trust such offers. It is better to contact the relevant authorities in your country and warn them about the activities of the scammers.

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