UNIQ Markets review 2023: 5 things you should know about uniqmarkets.net

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

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

UNIQ Markets isn’t as trustworthy as it tries to convince us. In fact it’s just another unregulated, anonymous firm that claims to be reliable and regulated. Not only that there’s no address on its website, but this broker is obviously not supervised by any financial authority. And since we don’t know anything about it, it would be truly reckless to put your money on the line here.

Furthermore, this broker doesn’t actually offer its own trading software, so it’s absolutely pointless to waste your time or money with it. Its trading conditions are also quite risky, not to mention the personal documents that are required and that we do not recommend providing with such a shady firm. For more details on UNIQ Markets, keep reading the full review.

UNIQ Markets Regulation and safety of funds

The first thing that catches the eye while looking at this website, is the fact that there is no registered address. For this reason we don’t have the slightest idea where this broker operates from or which jurisdiction is supposed to oversee its activities. That’s why UNIQ Markets happens to be absolutely anonymous.

And despite the absence of such essential information, this broker still claims to be licensed and regulated. However it doesn’t specify anything else like for example the exact financial authorities names. Everything seems like words full of hot air – this broker obviously made up the whole story. UNIQ Markets is surely not licensed or regulated by any watchdog, therefore it’s not to be trusted.

This broker however continues with the silly attempts to look credible by claiming to keep its clients’ funds in safe, segregated accounts. This can’t simply be the case either. Unregulated firms don’t follow the common rules or guidelines and certainly do not take any measures to protect your funds. Just the opposite – once you make your first deposit you may realize that your money’s gone for good and the so-called “broker” has dropped out of sight completely.

Licensed brokers on the other hand are obligated to keep up to the rules and are constantly supervised by relevant authority. That’s how you can know for sure that your funds are well protected for real and there’s no chance to be misused or stolen.

UNIQ Markets Trading software

UNIQ Markets claims to offer metaTrader 4 and provides several download links. Unfortunately, this is another deceit. After we registered we didn’t receive any login details, but that’s not even the worst part.

The platform we downloaded isn’t really provided by UNIQ Markets itself. In fact it belongs to another broker called Unicoin DCX and has nothing to do with the firm we are reviewing here. See for yourself:

As you can see the software along with the spread amounts are not connected with UNIQ Markets in any way. It’s useless, so better don’t waste your time and certainly don’t invest here, as your money surely won’t be used for trading.

There are many reputable brokers who offer MetaTrader 4 or MetaTrader 5 and are a safe and wise choice, so better pick one of them instead.

UNIQ Markets Trading instruments

On its website UNIQ Markets claims to offer Forex and commodities to its clients, but it doesn’t mention anything else. However since we couldn’t see its own trading software it is quite possible that you can’t trade here at all.

Legitimate brokers on the other hand usually provide a variety of assets like forex pairs, cryptocurrencies, stocks, shares and more.

UNIQ Markets Spreads and cost of trading

This broker claims to offer two account types – Standard Swap Free and Standard. Apart from the swap option there isn’t anything else that differs between the two accounts. Take a look:

The spread is said to be of 0.06 pips, however don’t fall into this trap. As we mentioned already, this broker doesn’t offer its own platform at all, so these are just made up numbers. Not to mention that with scammers you can always expect all kinds of additional commissions so a spread of such low extent isn’t actually very probable.

UNIQ Markets Maximum leverage

The leverage this broker promises is 1:500 for both of the accounts. This is way too much and is associated with higher risk of failure, so better avoid investing here. In fact there’s a leverage cap in most of the countries that regulate forex brokerage activities – for example 1:30 for the EU and the UK and 1:50 in the US. As you see, this broker can’t possibly be licensed.

UNIQ Markets Deposit and withdrawal methods

After we registered the payment methods turned out to be four – bank transfer, e-wallets (which are not specified), cryptocurrency (again not specified) and credit/debit cards. Take a look:

As you see, there’s no additional information on the payment methods. And because we had to upload some personal documents for our account to be fully approved, we couldn’t proceed with the deposit. Note however that crypto transactions are not only irreversible, but also anonymous, so they are probably the worst choice when it comes to a shady firm like this one.

Apart from that, the execution time is said to be instant, but again no additional information is given. This broker also claims that there are no deposit fees, however it doesn’t mention anything about the withdrawal fees and taxes.

UNIQ Markets Minimum deposit

UNIQ Markets requires 25 USD in order to start trading. This may seem quite attractive, however don’t let it fool you. It’s just a witty way to trick new customers into investing. As we stated above, there’s no trading platform or whatsoever, so your money’s going to be lost forever.

Furthermore, genuine brokers tend to offer even lower minimum deposits – like for example 10 or even 5 USD.

UNIQ Markets Withdrawal requirements

There is no data about this broker’s withdrawal requirements. As a matter of fact there is no Deposit/Withdrawal Policy at all and this is yet another red light for scam. Beware that fraudsters tend to ask for huge withdrawal fees – 15 or sometimes even 20%! And even if you happen to pay it, you may realize that a withdrawal is still impossible. But that’s just the way scammers act! Reputable brokers on the contrary – don’t usually require any fee in order to get your money.

We strongly advise you to avoid UNIQ Markets and certainly to refrain from investing here!