UNIC Trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.unictrade.in/signup, about the company's legal and temporary regulatory information, the company's address LEVEL 13, SUITE 1302/109 PITTST, SYDNEY NSW 2000, AUSTRALIA.
Company Name and Establishment: UNIC Trade is a forex broker that has been operational for 1-2 years, focusing on the forex trading market.
Headquarters and Main Offices: The company is headquartered in Sydney, Australia, specifically at Level 13, Suite 1302, 109 Pitt St, Sydney NSW 2000, Australia.
Company Nature: UNIC Trade is a privately held entity, not publicly listed.
Primary Markets and Clientele: The broker primarily serves retail clients interested in forex trading, providing access to various financial markets.
Company Development History and Milestones: Since its inception, UNIC Trade has aimed to establish itself in the competitive forex market, although specific milestones are not detailed in the available information.
Parent Company or Group Relations: There is no information indicating a parent company or group association for UNIC Trade.
Business Model Overview: UNIC Trade operates a retail forex trading model, facilitating trading for individual clients rather than institutional services.
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Main Regulatory Authorities: UNIC Trade currently operates without any valid regulatory oversight, which raises concerns about its legitimacy and operational practices.
Regulatory Numbers: As there is no valid regulatory information available, no regulatory numbers can be provided.
Validity and Scope of Regulatory Licenses: The absence of regulatory licenses indicates a high potential risk for clients, as trading with an unregulated broker can lead to issues such as fund mismanagement.
Legal Entities in Different Regions: The broker is registered in Australia but lacks oversight from any recognized regulatory authority.
Client Funds Segregation Policy: There are no details available regarding the segregation of client funds, which is a critical aspect of ensuring clients' capital is protected.
Investor Compensation Fund Participation: UNIC Trade does not participate in any investor compensation schemes, which further highlights the risk involved in trading with them.
KYC and AML Compliance Measures: There is no specific information available regarding Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for maintaining regulatory standards.
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Number of Forex Currency Pairs and Major Types: UNIC Trade offers a range of forex currency pairs, although the exact number and specific pairs are not detailed in the available information.
CFD Product Categories: The broker provides Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies.
Unique Products or Trading Varieties: There are no unique trading products highlighted in the available information, indicating a standard offering typical of many forex brokers.
Product Update Frequency and New Additions: The frequency of product updates and the introduction of new trading varieties are not specified.
Retail Trading Services: UNIC Trade primarily focuses on retail trading services, catering to individual traders looking to engage in forex and CFD trading.
Institutional Client Services: There is no mention of services tailored for institutional clients, suggesting a focus solely on retail trading.
White Label Solutions: The availability of white label solutions is not indicated in the provided information.
Asset Management Services: There is no information available regarding asset management services offered by UNIC Trade.
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MetaTrader 4/5 Support: UNIC Trade supports both MetaTrader 4 and MetaTrader 5 platforms, which are popular choices among forex traders for their robust features and user-friendly interfaces.
Proprietary Platform Details: There is no information available about any proprietary trading platform developed by UNIC Trade.
Web-Based Trading Platform: The availability of a web-based trading platform is not specified.
Mobile Application: The information does not provide details on whether mobile applications for iOS and Android are supported.
Execution Models (ECN, STP, Market Making): UNIC Trade's execution model is not explicitly stated, but the lack of regulation raises questions about the transparency of their execution practices.
Server Locations and Technical Infrastructure: Details regarding server locations and the technical infrastructure supporting the trading platform are not provided.
API Access and Automated Trading Support: There is no information available regarding API access or support for automated trading strategies.
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Standard Account Conditions: The minimum deposit, spread, and commission details for standard accounts are not specified in the available information.
Advanced Account Types: There are no mentions of advanced account types such as VIP or professional accounts.
Special Accounts: The availability of special accounts, such as Islamic accounts or corporate accounts, is not indicated.
Demo Account Policy: Information regarding the availability of demo accounts is not provided.
Leverage Range: The leverage offered on different products is not detailed, but it is crucial for traders to understand the risks associated with high leverage.
Minimum Trade Size: The minimum trade size or lot size is not specified in the available information.
Overnight Fees Policy: Details about overnight fees or swap rates are not provided.
Supported Deposit Methods: UNIC Trade supports various deposit methods, including bank transfers, credit cards, and electronic wallets, although specific methods are not detailed.
Minimum Deposit Requirements: The minimum deposit requirements for different account types are not specified.
Deposit Processing Times: Information regarding the processing times for deposits is not provided.
Deposit Fees: There is no information available regarding any fees associated with deposits.
Withdrawal Methods and Restrictions: The methods available for withdrawals and any associated restrictions are not detailed.
Withdrawal Processing Times: The processing times for withdrawals are not specified.
Withdrawal Fee Structure: Information on the fee structure for withdrawals is not provided.
Support Channels: UNIC Trade offers customer support through various channels, including phone, email, online chat, and social media, although specific details on availability are not provided.
Service Hours and Time Zone Coverage: The service hours and time zone coverage for customer support are not specified.
Multilingual Support: There is no information available regarding the languages supported for customer service.
Types of Educational Resources: The broker's educational resources, such as webinars, tutorials, and eBooks, are not detailed.
Market Analysis Services: Information regarding market analysis services, including daily analysis, news, and research reports, is not provided.
Trading Tools: The availability of trading tools, such as calculators, calendars, and signal services, is not specified.
Primary Service Markets: UNIC Trade primarily serves clients in Australia and potentially other regions, but specific markets are not detailed.
Regional Office Distribution: There is no information on the distribution of regional offices.
Countries/Regions Not Accepting Clients: The broker does not specify any countries or regions from which it does not accept clients.
Special Restrictions: There are no additional details regarding special restrictions on client accounts.
In conclusion, while UNIC Trade offers various forex and CFD trading opportunities, the lack of regulatory oversight raises significant concerns for potential clients. Traders should exercise caution and conduct thorough research before engaging with any unregulated broker.
aavijitt
India
I am Avijit Pattanayak from India.I have a trading account in Unic market. I have already sent an withdrawal request on last 6th December 2023. But till now withdraw process is not successfully completed.
Exposure
2023-12-16