Uniwealth Market Forex Broker provides real users with 1 positive reviews, 1 neutral reviews and * exposure review!
Risk Control
License
FCA Exceeded 
Leverage options are standard. Nothing is unique compared to competitors.
Just want to give a shout-out to Uniwealth Market for their fast order execution. It's so reliable, and their spreads are competitive.
Summary: Uniwealth Market has garnered significant skepticism in the online trading community, with many reviews labeling it as potentially untrustworthy or outright fraudulent. Key concerns include its lack of regulation, questionable trading practices, and numerous user complaints about withdrawal issues and aggressive sales tactics.
Note: It is crucial to recognize that different entities operate under the Uniwealth Market name, which can lead to varying user experiences. Therefore, this review aims to provide a comprehensive and balanced perspective based on multiple sources for fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service & Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 2 |
| User Experience | 3 |
We evaluate brokers based on user reviews, expert opinions, and factual data from reliable sources.
Founded in the last couple of years, Uniwealth Market operates primarily as an online trading platform, offering various assets such as forex, commodities, stocks, and cryptocurrencies. The platform claims to provide a user-friendly interface and fast trade execution, utilizing popular trading platforms like MT4 and MT5. However, it notably lacks regulatory oversight from recognized financial authorities, raising significant concerns about its legitimacy and safety for traders.
Regulated Regions: Uniwealth Market does not appear to have any valid regulatory licenses from recognized authorities like the FCA or ASIC. This absence of oversight is a major red flag for potential investors, as it suggests a lack of accountability and protection for clients.
Deposit/Withdrawal Currencies: The platform reportedly supports multiple currencies for deposits and withdrawals, but specific details are scarce due to the lack of transparency.
Minimum Deposit: The minimum deposit requirements are not clearly defined across sources, which adds to the confusion regarding the platform's accessibility for new traders.
Bonuses/Promotions: Information about bonuses or promotional offerings is not consistently available, with some sources suggesting that aggressive marketing tactics may be employed to lure in unsuspecting traders.
Tradeable Asset Classes: Uniwealth Market offers a range of tradeable assets, including forex pairs, commodities, stocks, and cryptocurrencies. However, the absence of clear information about the quality and execution of these trades raises concerns.
Costs (Spreads, Fees, Commissions): The platform reportedly has competitive spreads, but specific fee structures are not transparent. Many users have expressed dissatisfaction with hidden fees and unexpected charges, which can erode potential profits.
Leverage: The leverage options available on the platform are standard, but the lack of clarity around their specifics may lead to unexpected risks for traders.
Allowed Trading Platforms: Users can access the platform through MT4 and MT5, both of which are widely recognized in the trading community for their functionality and features.
Restricted Regions: There is no clear information on restricted regions, but the lack of regulation may suggest that the platform is not legally permitted to operate in certain jurisdictions.
Available Customer Service Languages: Customer support appears limited, with many users reporting unresponsive service and a lack of assistance during critical times, particularly when attempting to withdraw funds.
Account Conditions (3/10): The lack of clear information regarding account types and minimum deposits is a significant drawback. Users have expressed frustration over hidden fees, which is a common issue with unregulated brokers.
Tools and Resources (4/10): While the platform claims to offer various trading tools, many reviews suggest that these tools are either ineffective or poorly implemented. The lack of educational resources further diminishes the platform's appeal, especially for novice traders.
Customer Service & Support (2/10): User experiences indicate a troubling pattern of unresponsive customer service. Many have reported difficulties in reaching support, particularly when attempting to resolve withdrawal issues.
Trading Experience (3/10): Although the platform promises fast execution, user reports indicate that this may not always be the case. Complaints about requotes and execution delays are common, which can severely impact trading performance.
Trustworthiness (2/10): The absence of regulatory oversight and numerous user complaints about aggressive sales tactics and withdrawal issues contribute to a low trust rating. Many users have labeled Uniwealth Market as a potential scam.
User Experience (3/10): Overall user experience is marred by the platform's outdated design and slow loading times, as well as the lack of transparency regarding fees and services.
In conclusion, Uniwealth Market presents numerous red flags that potential investors should carefully consider. The lack of regulation, poor user experiences, and aggressive marketing tactics suggest that this broker may not be a safe option for traders looking to protect their investments. If you value the safety of your funds, it is highly advisable to seek out regulated and reputable brokers to ensure a secure trading environment.
