Unisnfx foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://m.unisnowfx.co/#/register, about the company's legal and temporary regulatory information, the company's address .
Unisnfx Forex Broker
Basic Information
China
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Unisnfx Forex Broker - Complete Information Guide
1. Broker Overview
Unisnfx, officially known as Uni Snow FX, was founded in 2023. The broker is headquartered in China and operates as a private entity. Unisnfx primarily serves retail clients, providing access to foreign exchange (Forex) trading and various financial instruments. Despite its recent establishment, the broker has positioned itself in the competitive Forex market, offering a range of trading services and account types.
The company has made significant strides since its inception, focusing on building a user-friendly trading platform and offering competitive trading conditions. However, it is important to note that Unisnfx operates without regulatory oversight, raising concerns among potential investors regarding transparency and investor protection. The absence of a governing authority means that traders need to exercise caution and conduct thorough research before engaging with the broker.
Unisnfx's business model is primarily centered around retail Forex trading, providing clients with access to various currency pairs and metals. The broker aims to cater to different trading preferences and risk appetites by offering multiple account types and competitive spreads. With an emphasis on user experience, Unisnfx has developed a trading platform that is accessible across various devices, ensuring that traders can manage their accounts conveniently.
2. Regulatory and Compliance Information
Unisnfx operates without any valid regulatory licenses, which poses significant risks for traders. The broker is not regulated by any major financial authority, raising red flags regarding its operational legitimacy. According to various sources, including WikiFX and BrokersView, Unisnfx has been flagged as an unregulated broker, which means that clients' funds are not protected under any law.
The absence of regulation implies that Unisnfx does not adhere to the standard compliance measures typically required by regulated brokers, such as:
- Customer Fund Segregation: Unisnfx does not have a clear policy regarding the segregation of client funds, which is a common practice among regulated brokers to protect clients' money.
- Investor Compensation Fund Participation: The broker does not participate in any investor compensation schemes, leaving clients vulnerable in the event of insolvency.
- KYC and AML Compliance: There is no verified information regarding Unisnfx's adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are critical for ensuring the legitimacy of clients and preventing fraudulent activities.
Given these concerns, it is advisable for potential traders to consider the risks associated with engaging with an unregulated broker like Unisnfx.
3. Trading Products and Services
Unisnfx offers a diverse array of trading products, primarily focusing on Forex and metals. The broker provides access to various currency pairs, including major, minor, and exotic pairs. Some of the key trading pairs available on the Unisnfx platform include:
- Major Currency Pairs: EUR/USD, USD/JPY, GBP/USD, AUD/USD
- Minor Currency Pairs: USD/CAD, USD/CHF
- Exotic Pairs: Various combinations involving less commonly traded currencies
In addition to Forex trading, Unisnfx also offers Contracts for Difference (CFDs) on commodities and metals. Traders can engage in the trading of precious metals such as gold (XAU/USD), silver (XAG/USD), and platinum (XPT/USD). The availability of these trading instruments allows clients to diversify their portfolios and explore different market opportunities.
While the broker claims to provide a comprehensive trading experience, it is essential to verify the frequency of product updates and the introduction of new trading instruments, as this information is not explicitly available. Unisnfx aims to cater to both retail and institutional clients, but its unregulated status may limit its appeal to more risk-averse traders.
4. Trading Platform and Technology
Unisnfx utilizes the FX6 trading platform, which is designed to provide a user-friendly experience for traders. The platform is accessible on multiple devices, including Android, iOS, and PC, ensuring that users can trade seamlessly across different environments. The FX6 platform features include:
- MetaTrader 4/5 Support: Unisnfx does not explicitly mention support for MetaTrader 4 or 5, indicating that clients will primarily use the proprietary FX6 platform for their trading activities.
- Web-Based Trading: The FX6 platform is available in a web version, allowing traders to access their accounts without the need for software installation.
- Mobile Applications: The broker provides mobile applications for both Android and iOS devices, enabling traders to manage their accounts on the go.
- Execution Model: Unisnfx employs a market-making execution model, which may result in conflicts of interest between the broker and its clients.
- Server Infrastructure: Specific details regarding the location of trading servers and technical infrastructure are not provided, which is a critical aspect for traders concerned about latency and execution speed.
- API Access and Automated Trading: Information regarding API access and support for automated trading is not available, which may limit options for algorithmic traders.
The FX6 platform is designed to facilitate efficient trading, but the lack of transparency regarding its technical capabilities may be a concern for some users.
5. Account Types and Trading Conditions
Unisnfx offers several account types to cater to the diverse needs of its clients. The available accounts include:
- London Gold Account: Aimed at traders interested in gold trading, this account offers leverage of up to 100:1 with a minimum deposit requirement of $100.
- Gold T+D Account: This account allows bidirectional operations with approximately 12.5:1 leverage and requires a minimum deposit of $10.
- Paper Gold and Physical Gold Accounts: These accounts focus on one-way operations without leverage, requiring higher capital investments but offering a long-term investment strategy.
The broker claims to provide competitive trading conditions, with spreads starting at 0.0 pips for all account types. However, the higher investment requirements for specific accounts, coupled with the broker's unregulated status, may deter some potential clients.
Unisnfx also offers demo accounts for traders to practice their strategies before committing real funds. The leverage ratios and minimum trade sizes vary across account types, providing flexibility for traders with different risk appetites.
6. Fund Management
Unisnfx supports various deposit methods, including:
- Bank Transfers
- Credit/Debit Cards
- E-Wallets
The minimum deposit requirements differ by account type, with the London Gold account requiring a minimum deposit of $100, while the Gold T+D account has a lower threshold of $10. Notably, the Paper Gold and Physical Gold accounts do not have a minimum deposit requirement, making them accessible to traders who prefer to start without significant upfront investment.
Deposit processing times vary based on the chosen method, with deposits made through e-wallets and credit/debit cards being processed instantly. However, bank transfers may take 3 to 5 days for processing.
Withdrawal methods include the same options as deposits, but specific details regarding withdrawal limits and processing times are not provided. Traders should be aware of potential fees associated with withdrawals, as well as any restrictions that may apply.
7. Customer Support and Educational Resources
Unisnfx is committed to providing comprehensive customer support. Traders can reach out to the broker through various channels, including:
- Email: service@unisnowfx.com
- Online Chat
- Social Media
Customer support operates 24/7, ensuring that assistance is readily available for users around the world. The support team aims to address account-related queries, technical issues, and general inquiries.
In addition to customer support, Unisnfx offers a range of educational resources, including:
- Market Analysis Services: Daily analysis, news updates, and research reports to help traders stay informed.
- Trading Tools: Calculators, economic calendars, and signal services to assist traders in making informed decisions.
However, the availability and variety of educational resources may not be as extensive as those offered by more established brokers.
8. Regional Coverage and Restrictions
Unisnfx primarily serves clients in China and aims to expand its reach to other regions. However, specific details regarding regional offices and the distribution of services are not well-documented. It is essential for potential traders to verify whether Unisnfx accepts clients from their respective countries, as some jurisdictions may have restrictions on trading with unregulated brokers.
Certain countries may be excluded from Unisnfx's services due to regulatory constraints. Prospective clients should conduct their due diligence and ensure compliance with local laws before engaging with the broker.
In conclusion, while Unisnfx offers a range of trading products and competitive conditions, its unregulated status raises significant concerns for potential traders. It is crucial for individuals to weigh the risks and conduct thorough research before committing to trading with Unisnfx broker.
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Latest Reviews
Jj7037
Taiwan
I couldn't withdraw money. The fraud group asked me to trade XAU/USD many times. They also remitted investment funds to me first and asked me to add some money myself. They also said they would lead us so we could make money faster. I couldn't contact them after I made the deposit. Margin is required to pay before the withdrawal. And the customer service ignored me. This is a scam.
Exposure
2023-11-23
慧5123
Taiwan
First, a third party needs to pay a margin for withdrawing money. After paying the margin, the withdrawal amount is too large and I need to upgrade to a higher level to withdraw it quickly. Now they just ignore it. Is there any way to save me?
Exposure
2023-11-10
5180
Taiwan
My good friend met a friend in early June in IG said financial data analysis, and then added line ~ line named jason ~ 1981, 5, 18 ~ called Lin Hanwen, divorced with his parents living in Xinbei Linkou, there is a daughter, in Xiamen and a friend to start a company, do the asset class, I think it is to open the fraudulent company, look at the chat record at the beginning of the chat are normal, will go along with your words with you the same rationale, and further said to relationship, to two people together for to work hard, not to give the video, because the ex-wife derailment is video was found, and the video is a very important part of the conversation. I'm not sure if you're going to be able to get the money you need, but I'm not sure if you're going to be able to get the money you need to get the money you need to get the money you need to get the money you need to get the money you need to get the money you need. That fraud said to help her with the money) suspected of illegal laundering before the type of money, she paid 100% of the third party deposit money as a deposit. The money said to help her out of the money is intercepted by the other side of the picture to her to go with customer service to say add money She said with customer service that there is no money to talk about later to pay, will say that there is a deadline, and then said ~ ~ will freeze your account, and your personal information will be transferred to the local relevant departments, all your accounts for control and verification. I'm not sure if you're going to be able to find the best way to get the most out of your account, but I'm sure you'll be able to find the best way to get the most out of your account, so I'm sure you'll be able to find the best way to get the most out of your account. I'm just trying to cheat you out of your money, so be careful, you can't get your money back once you've invested it in the platform (I think she's downloading ST5MAX and then connecting the app to unisnow).
Exposure
2023-10-05
sasa67859
Taiwan
There are a bunch of reasons not to make a withdrawal. Sometimes the release of margin for high-risk accounts, and sometimes is tax margin.
Exposure
2023-09-17
jojowu
Taiwan
After paying the security deposit, there is still a detention fee. That’s ridiculous. They still suspect me of money laundering.
Exposure
2023-09-10
芮137
Taiwan
At the beginning of August today, I met a netizen on IG. We chatted as casual friends for a while. Around the end of the month, I started to recommend investing in gold futures CFD contracts. After buying USDT coins at ACE, I withdrew the coins to Unisnow (Unisnfx). In September In October, there were three withdrawals of 10,000 USDT each time, which were normal and arrived in time. The total withdrawal was 30,000 USDT. At this time, this scammer kept urging him to increase the principal, talk about the Israeli-Palestinian war, etc. I hope to increase the principal to 500,000 USDT. Fraudulent netizens will also help raise funds to reach this target principal, but as everyone knows, these USDT transferred to your account for you are all fake and artificially manipulated. The system will send you a The account arrival notification will directly increase the balance in your account. In fact, every USDT you deposit through normal channels will fall into the pocket of the fraud platform the moment it is transferred in. The fraudulent netizen claimed that he had successfully withdrawn 30,000 in the past. USDT is almost NT$1 million, so there is nothing to be afraid of. This sentence made me let go of my guard, so I invested about 300,000 USDT in a few months. At this time, the balance on the account was 516,451 USDT. The excess amount was the amount transferred by some fraudulent netizens and the profit from the transaction. But I think the transactions on these platforms are also fake. When I made my last larger deposit, in late November, I applied for a withdrawal of 30,000 USDT, and encountered difficulties. Like all fraudulent platforms, It has been waiting for audit, saying that your ranking is 1243. If you want to open the VIP channel, you need to deposit 28888 USDT. The scam netizens have always said that after depositing the value, you can withdraw it. I said that I no longer have any funds (I have already gone to (I have gone to the police station and made a record). This fraud criminal also pretended to be kind and said that he would help raise money. He asked me to only raise 5,000 USDT, and he would think of other ways. This meant that he would also defraud the 5,000 USDT. In short, the 300,000 USDT invested previously Everything has been wasted, please don’t be fooled again, even if the initial withdrawal goes smoothly. Don’t believe it either. I also found that the interfaces provided by complainants on some other platforms are almost exactly the same. This should be a fraud group that uses different platforms and different names to defraud everywhere, running multiple lines in parallel.
Exposure
2023-12-07