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/10

UNforex

Australia|5-10 years|
Common Business Registration|MT4 Full License|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|Medium potential risk|

https://www.unforex.com/?lang=en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
UNFX-Live MT4
Server Location

Contact

support@UNforex.com
https://www.unforex.com/?lang=en
https://www.facebook.com/Unforex-101457435532309
https://twitter.com/NforexU

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

UNforex PTY LTD

Company Abbreviation

UNforex

Platform registered country and region

Australia

Company website
Twitter
Facebook
YouTube
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-05-13
  • United StatesNFA (license number: 0521184) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 628606897)Administration of Industry and Commerce-Register Non-Forex License. Please be aware of the risk!

WikiFX Verification

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UNforex · Company Summary

GENERAL INFORMATION AND REGULATION

UNforex PTY LTD is an Australian financial institution headquartered in Sydney with a direct office worldwide, providing their clients with trading services for products such as Forex, Global Equity Index and Precious Metals CFDs. Direct office: UN CAPITAL GROUP PTY LTD、UNFX CAPITAL GROUP LTD、UNION BANCAIRE PRIVEE. UNforex claims that it is regulated by Australian Securities and Investments Commission (ASIC) (Financial authorization license number: 001282579), and the Canadian Financial Transaction and Reporting Analysis Center (FINTRAC) (Financial authorization license number by MIB: M19663656),the business also regulated by the Securities Commission of Bahamas (SCB), there is no regulatory details on its website.

MARKET INSTRUMENT

UNforex provides their clients with trading services for products such as Forex; Foreign exchange currency trading, currency prices are constantly fluctuating, selecting well-known traders that are trusted, trading major, secondary and rare currency pairs.Trading is risky, investment must be cautious. They also offers Cryptocurrencies ,Equity Index and Precious Metals CFDs; A CFD is a financial derivative that allows you to trade price changes on underlying financial assets such as foreign exchange.

ACCOUNT AND LEVERAGE

The Broker offers three different trading accounts:

Standard account

  • With ≧$1000 can activate account

  • The lowest spread is 2.7(eg, EUR/USD)

  • Default leverage:1:100

  • Minimum transaction volume:0.01lots

VIP Account

  • Same features as the Standard account but The lowest spread is 1.8 (eg, EUR/USD)

PRO ACCOUNT

  • With $5,000 can activate account

  • The lowest spread is 0.5(eg, EUR/USD)

  • Floating spread

  • Default leverage:1:100

  • Minimum transaction volume:0.01lots

  • Single max transaction volume:30 lots

  • Maximum position: 120 lots

  • Single max transaction volume:30 lots

  • Maximum position:60lots

TRADING PLATFORM AVAILABLE

Whether you are trading forex, merchandise or CFD products, you can use their industry's top trading system Meta Trader 4 (MT4). A well known trading software and used by most of the traders.

DEPOSIT AND WITHDRAWAL

This broker accept bank wire, banking online and USDT only.

After you submitted the withrawal request,the risk management and compliance will verify if all your trades are valid. Usually, the withdrawal will be proceeded in 24 hours by Unforex Finance after the verification( Will be postponed due to the public holidays). The reason of the failure the withdrawal would be invalid trading/wrong bank account number/wrong beneficiary name and etc.

CUSTOMER SERVICE

First of all, you always can contact your account manager. If you can't reach your account manager in time and the issue is urgent, please write one email to support@unforex.com or you can go to our livechat to get support.

User Reviews

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北冥有鱼65721
more than one year
This platform was recommended to me by UNforex, at first I thought the minimum deposit of $1000 was a bit high, so I wanted to check it on wikifx, only to find many negative reviews! Honestly, even with just one negative review, I would choose not to deal with him to protect my money.
2022-11-28 10:39
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0
0
Tan Wei Kent
more than one year
You can’t get started with a small amount of 100 dollars or even less, instead, you will have to invest 2,000 dollars to open the most basic Standard account. Their spread is also much wider than others, floating from 2.7 pips is almost two times the industry average EUR/USD spread.
2022-11-25 15:16
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0
0
FX1058892212
more than one year
This platform doesn’t even have a license, expressly indicating that it is unsafe to trade with. Trust me guys, when you really want trade forex or CFD products, you can totally select some big players under strict regulation, such as Exness, IC Markets, Plus500, and more. The safety of your money is always on top of anything else.
2022-11-25 11:41
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