UnlimitedWorldwide WinningPlatform review – 5 things you should know about unlimitedworldwidewinningplatform.com

Beware! UnlimitedWorldwide WinningPlatform 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.

UnlimitedWorldwide WinningPlatform’s name is quite a handful. But everything else about this website is underwhelming. This is a pretty low-effort scam hoping to fool people without any knowledge of financial markets. In this review, we will show you how to spot such scams and how to make sure a forex broker is legitimate.

UnlimitedWorldwide WinningPlatform Regulation and safety of funds

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has. Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

This website is completely anonymous, which rules it out as a legitimate broker. The link to the Terms and Conditions is blank and the Privacy Policy is on behalf of a different brand – AlertSignalsNation. This links UnlimitedWorldwide WinningPlatform to other scams we have reviewed, for example Ultimatefxworld, Iclivetrade, Godlight trading and SwiftPayOptions.

A UK contact address is provided.

However, the UK financial regulator has issued a specific warning that UnlimitedWorldwide WinningPlatform is not authorised to offer financial services and products in this jurisdiction.

Under no circumstances should you trust your money to such anonymous 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 like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK.

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.

UnlimitedWorldwide WinningPlatform  Trading software

The website promises innovative technological solutions, but after registering an account it becomes clear that no trading software is available. In the dashboard, we only see a simple chart with current Bitcoin prices, which has no trading functionality.

If you use the services of a licensed broker, you will get the opportunity to use established software with advanced features and versions for all types of devices and operating systems. The most widely used trading platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

UnlimitedWorldwide WinningPlatform Trading instruments

UnlimitedWorldwide WinningPlatform advertises trading in all major asset classes, including cryptocurrencies. This is not possible for brokers licensed in the UK because the FCA prohibits trading in crypto derivatives. But the bottom line is that this website has neither the licence nor the software necessary to facilitate trading in financial products.

UnlimitedWorldwide WinningPlatform Spreads and cost of trading

Instead of different types of trading accounts as offered by real forex brokers, this website offers investment plans promising guaranteed profits.

A genuine broker will not and cannot promise you guaranteed profits. In fact, licensed companies are obliged by regulators to warn their clients about the high risk of losses when trading financial instruments.

UnlimitedWorldwide WinningPlatform Maximum leverage

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

UnlimitedWorldwide WinningPlatform Deposit and withdrawal methods

UnlimitedWorldwide WinningPlatform only allows the deposit of funds with cryptocurrencies.

This is typical of financial scammers. Cryptocurrencies are their payment method of choice because on the one hand they allow the scammer a degree of anonymity, and on the other hand they do not allow the scammed to ask for a refund.

While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

UnlimitedWorldwide WinningPlatform Minimum deposit

The minimum investment required is 100 USD. For the same amount or less you could start trading through an established and reputable broker.

UnlimitedWorldwide WinningPlatform Withdrawal requirements

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet  withdrawal terms.