UNITED INVEST Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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They had insanely high swap fees, and commissions. If you put your money in, you cannot get it out anyway. And it is a nightmare, indeed. Glad to see that it has been out of business.
Summary: The overall evaluation of United Invest reveals significant concerns regarding its legitimacy and user experience. Many sources classify it as unregulated and potentially fraudulent, highlighting a lack of transparency and poor customer service. Notably, users have reported difficulties in withdrawals and a general distrust of the platform.
Note: It is crucial to be aware that there are multiple entities operating under similar names, which can lead to confusion. This review aims for fairness and accuracy by synthesizing information from various credible sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
We rate brokers based on user feedback, expert opinions, and compliance with regulatory standards.
Founded in the last few years, United Invest operates in the Forex market, offering various trading services. However, it is essential to note that it lacks regulation from any established financial authority, raising significant red flags regarding its trustworthiness. The broker appears to cater primarily to the Chinese market, with a focus on Forex trading. It offers trading platforms that are not clearly specified in the available reviews, leaving potential users uncertain about their trading experience. Available asset classes seem limited, primarily focusing on Forex, but details on additional instruments are sparse.
United Invest operates without any regulatory oversight, which is a major concern for potential traders. According to multiple sources, including WikiFX, the broker has been flagged for its lack of regulation, which poses a high risk for users. This absence of oversight can lead to various issues, including unregulated trading practices and a lack of recourse for users in case of disputes.
Information regarding the deposit and withdrawal methods is limited, but users have reported significant difficulties in withdrawing funds. Complaints about unresponsive customer service when attempting to access their money are common, leading to a poor overall experience. Users have expressed frustration over delayed transactions and lack of transparency in the withdrawal process.
While specific figures on the minimum deposit required to open an account with United Invest are not readily available, the general sentiment suggests that the broker may impose high entry barriers, which could deter new traders.
There is little to no information about any promotional offers or bonuses provided by United Invest. The absence of such incentives may indicate a lack of competitive edge in attracting new clients.
United Invest primarily focuses on Forex trading, but the lack of detailed information about other asset classes raises concerns. This limited offering may not cater to traders looking for a diverse portfolio, which is a significant drawback for many potential users.
The specifics regarding spreads, fees, and commissions are not clearly outlined in available reviews. However, the general consensus is that the costs associated with trading on United Invest may not be competitive compared to regulated brokers.
Details on leverage offered by United Invest are scant. Without clear information, traders may find it challenging to assess their risk exposure adequately.
The trading platforms available for use with United Invest are not explicitly mentioned in the reviews, which can be a significant concern for traders who rely on specific trading software for their strategies.
While United Invest appears to focus on the Chinese market, it is unclear which regions are restricted or if they have any limitations on international clients. This ambiguity can create further complications for potential traders.
The available customer service languages are not specified in the reviews. However, the general sentiment indicates that customer service is lacking, with many users reporting poor communication and slow response times.
Account Conditions (3/10): Users have expressed dissatisfaction with the account opening process and the lack of clarity regarding terms and conditions. The absence of regulation further exacerbates concerns about the safety of funds.
Tools and Resources (4/10): While there may be some resources available, the lack of comprehensive educational material or trading tools limits the overall experience for traders, especially beginners.
Customer Service and Support (2/10): Numerous complaints highlight the poor quality of customer service, with users reporting unresponsive support when trying to resolve issues, particularly concerning withdrawals.
Trading Experience (3/10): The lack of a clearly defined trading platform and limited asset classes contribute to a subpar trading experience for users, who may find better options elsewhere.
Trustworthiness (1/10): The absence of regulation and numerous user complaints about withdrawal issues severely undermine the trustworthiness of United Invest. Many sources categorize it as a potential scam.
User Experience (2/10): Overall, user experiences are largely negative, with many individuals expressing frustration over the platform's operations and the difficulty in accessing their funds.
In conclusion, the United Invest review paints a concerning picture of a broker that lacks the regulatory oversight necessary for a safe trading environment. Potential traders should exercise extreme caution and consider established, regulated alternatives for their trading needs.
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