BIG UNCLE foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.biguncle.uk/index111.html, about the company's legal and temporary regulatory information, the company's address .
BIG UNCLE Forex Broker
Basic information
China
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: BIG UNCLE's official website - http://www.biguncle.uk/ is currently inaccessible normally.
BIG UNCLE Review SummaryFounded2012Registered Country/RegionChinaRegulationUnregulatedMarket Instruments/Demo Account❌Leverage1:100-1:500EUR/USD Spread/Trading PlatformMT5Min Deposit$100Customer SupportEmail: biguncle@email-contact.onlinePhysical address: Unit 12, Ravenswood Industrial Estate, Shernhall St, London E17 9HQRegistered in China in 2012, BIG UNCLE is considered a high-risk and avoidable offshore company due to potential regulatory issues. It requires a high minimum deposit of $100 and offers leverage up to 1:500. In addition, its official website is currently inaccessible, and no information about trading options can be obtained as a result.
Pros and Cons
| Pros | Cons |
| Flexible leverage ratios | Unavailable website |
| MT5 trading platform | No regulation |
| Fake physical address | |
| Only accept crypto payments | |
| No demo accounts | |
| Limited contact channels |
Is BIG UNCLE Legit?
BIG UNCLE is completely unregulated. In addition, it has misrepresented its address, pretending to operate in the UK, yet the company lacks a license from the UK's market regulator, the Financial Conduct Authority (FCA), posing a clear danger to investors.
Leverage
BIG UNCLE offers selectable leverage ranging from 1:100 to 1:500. Even the minimum leverage reaches up to 1:100, which further confirms that we are not dealing with a regulated UK broker. In the UK, licensed brokers are not allowed to provide leverage higher than 1:30 to retail clients, as high leverage exposes traders to significant risks.
Trading Platform
BIG UNCLE offers a distribution of the industry-standard trading platform, Metatrader 5. However, upon installation, we found that it was the generic version of MT5, which can be downloaded completely free of charge from the MetaQuotes website. This implies that BIG UNCLE does not have its own MT5 terminal and you cannot trade with them through this platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
BIG UNCLE only accepts deposits made through various cryptocurrency assets. This means that refunds cannot be requested, a common tactic employed by fraudulent brokers.
As for the minimum deposit amount of $100, it is excessively high, as legitimate brokers typically charge no more than $10 for their micro accounts.
Rating Index
BIG UNCLE Similarly Rated Brokers
Latest Reviews
徐俊强
United Kingdom
They are scammers. They have not been processing withdrawals since December 2021. A lot of investors have lost their money. No response from them since then. Run far from them!!!
Positive
2022-12-15
FX5012783442
Thailand
i can't withdraw both deposit and profit due to vat 20%. hidden issue rises from time to time. Conversation could provide if asked.
Exposure
2022-05-16
葉葉
United States
I'm desperate for forex trading. I, like many others, have been scammed by this hateful company BIG UNCLE and now we don't know where to get our money back. We can't even sue because there is no specific information about this company on the Internet... I regret it sooo much but it's already too late.
Positive
2023-03-22