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UNX Markets Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!

UNX Markets Broker Review

1.33

WikiFX monitor

Business

Influence E

License

No license

UNX Markets Review 1

Latest All(1) Exposure(1)
Exposure

Scam platform. Unable to withdraw. Agents and platforms work together to deceive users into opening accounts.

弃我而去
2024-06-13

  

UNX Markets 2025 Review: Everything You Need to Know

  

Summary

  UNX Markets has garnered significant attention in the forex trading community, but the reviews reflect a concerning trend. Many users report negative experiences, particularly regarding withdrawal issues and the lack of regulatory oversight. Key findings suggest that while the platform offers high leverage and access to popular trading assets, the absence of a valid regulatory framework raises red flags about its legitimacy.

  Note: It is essential to recognize that different entities may operate under the UNX Markets name across various regions, which can complicate the evaluation of its legitimacy. This review aims to provide a fair and accurate assessment based on available information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 3
Customer Service and Support 4
Trading Experience 5
Trustworthiness 2
User Experience 3

  We evaluate brokers based on user feedback, expert opinions, and factual data from multiple sources.

  

Broker Overview

  Founded in 2018, UNX Markets operates primarily out of the United Kingdom, with its headquarters located at No. 125 Old Broad Street, London. Despite its relatively recent inception, the broker is already facing scrutiny due to its unregulated status. UNX Markets offers its clients access to the widely used MetaTrader 4 (MT4) platform, which is favored for its advanced charting capabilities and user-friendly interface. The broker provides trading opportunities across various asset classes, including forex, commodities, and indices. However, it is crucial to note that UNX Markets lacks oversight from reputable regulatory authorities, which raises concerns about the protection of client funds.

  

Detailed Breakdown

  

Regulatory Status

  UNX Markets operates as an unregulated entity, which is a significant concern for potential traders. According to multiple sources, including WikiBit, the broker has no valid regulatory license, posing a risk to investors. The absence of regulatory oversight means that traders have limited recourse in case of disputes or issues with fund withdrawals.

  

Deposit/Withdrawal Methods

  While specific details about deposit and withdrawal methods are sparse, reports indicate that UNX Markets supports various payment methods, including bank transfers and credit/debit cards. However, users have expressed frustration with withdrawal processes, with many claiming that their requests are either delayed or ignored altogether.

  

Minimum Deposit

  The minimum deposit required to open an account with UNX Markets is reported to be around $250. However, this low entry point may attract inexperienced traders, who might not fully understand the risks involved with trading on an unregulated platform.

  

Promotions and Bonuses

  There is little information available regarding bonuses or promotional offers from UNX Markets. Many users have noted that the lack of such incentives could be a sign of the broker's unregulated status, as many reputable brokers offer promotions to attract and retain clients.

  

Tradable Asset Classes

  UNX Markets provides access to a variety of tradable assets, including forex, commodities, and indices. However, the absence of detailed information on specific instruments and their respective trading conditions is a drawback, as highlighted by PediaFX, which rates the broker poorly due to its lack of transparency.

  

Trading Costs

  Reports indicate that UNX Markets offers competitive spreads starting from 0.2 pips, but the absence of clear information regarding commissions and fees complicates the evaluation of the overall cost of trading. High leverage options of up to 500:1 are available, which can amplify both profits and losses, necessitating careful risk management.

  

Allowed Trading Platforms

  UNX Markets primarily operates on the MetaTrader 4 platform, which is known for its extensive feature set. However, the lack of support for more modern platforms like MetaTrader 5 may deter some traders who seek advanced trading functionalities.

  

Restricted Regions

  While specific details on restricted regions are not readily available, the unregulated nature of UNX Markets suggests that traders from highly regulated jurisdictions may face difficulties in using the platform.

  

Customer Support Languages

  UNX Markets reportedly offers customer support in multiple languages, including English and Chinese. However, user reviews suggest that the responsiveness and effectiveness of customer service are inconsistent, with many complaints about long wait times and unhelpful responses.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 3
Customer Service and Support 4
Trading Experience 5
Trustworthiness 2
User Experience 3

  

Detailed Evaluation

  

Account Conditions

  UNX Markets offers a minimum deposit of $250, which is appealing for new traders. However, the lack of regulatory protection diminishes the attractiveness of these conditions.

  

Tools and Resources

  The platform lacks educational resources and tools that are typically offered by more reputable brokers, making it harder for inexperienced traders to navigate the market effectively.

  

Customer Service and Support

  While customer support is available, the quality of service is questionable, with many users reporting difficulties in reaching representatives and resolving issues.

  

Trading Experience

  The MT4 platform provides a decent trading experience, but the overall lack of transparency and regulatory oversight can lead to a frustrating experience for users.

  

Trustworthiness

  The unregulated status of UNX Markets significantly impacts its trustworthiness, with many users expressing concerns about the safety of their funds.

  

User Experience

  User experiences vary widely, with many reporting negative interactions related to withdrawals and customer service, leading to a generally unfavorable perception of the broker.

  In conclusion, while UNX Markets presents some attractive features, the overwhelming evidence of negative user experiences and the lack of regulatory oversight make it a risky choice for traders. Potential clients should exercise caution and consider alternative, more reputable brokers that offer greater security and support.