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UIIC

United Kingdom|Above 20 years|
Regulated in United Kingdom|Market Making(MM)|Suspicious Scope of Business|High potential risk|

http://www.uiic.co.uk

Website

Rating Index

Contact

+44 (0) 20 7954 8397
http://www.uiic.co.uk
The AIG Building 58 Fenchurch Street, London, EC3M 4AB United Kingdom

Licenses

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

Single Core

1G

40G

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Contact number

English

+44 (0) 20 7954 8397

Broker Information

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Company Name

Uzbekinvest International Insurance Company Limited

Company Abbreviation

UIIC

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2024-03-28
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

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UIIC · Company Summary

Aspect Information
Company Name Uzbekinvest International(UIIC)
Registered Country/Area United Kingdom
Founded Year 2004
Regulation FCA
Minimum Deposit $1,000
Market Instruments Investment insurance(Confiscation, Expropriation and Nationalisation) ,Trade insurance(Confiscation, Expropriation and Nationalisation)
Account Types Individual account
Commissions No commissions
Trading Platforms MT4,MT5 platform
Demo Account Available
Customer Support Phone: +44 (0) 20 7954 8397
Deposit & Withdrawal Bank transfer,Debit/credit card

Overview of UIIC

Uzbekinvest International (UIIC), established in 2004 and registered in the United Kingdom, is a financial company regulated by the Financial Conduct Authority (FCA).

Specializing in insurance markets, UIIC offers unique instruments like investment and trade insurance against risks such as confiscation, expropriation, and nationalization. Catering to clients with a minimum deposit of $1,000, the company provides services through individual accounts without charging any commissions.

UIIC supports trading on the widely-used MT4 and MT5 platforms and offers a demo account for practice and familiarization.

Customer support can be reached via phone at +44 (0) 20 7954 8397. The company accommodates deposits and withdrawals through bank transfers and debit or credit cards, ensuring convenient transaction methods for its clients.

Overview of UIIC

Is UIIC Limited Legit or a Scam?

Uzbekinvest International Insurance Company Ltd, operating under the name Uzbekinvest International (UIIC), is a regulated entity by the Financial Conduct Authority (FCA) in the United Kingdom. It holds a Market Making (MM) license with the license number 202923, effective from December 1, 2001.

The company is authorized to operate from its registered address at The AIG Building, 58 Fenchurch Street, London, EC3M 4AB, UNITED KINGDOM.

Is UIIC Limited Legit or a Scam?

Pros and Cons

Pros Cons
Regulated by FCA High Minimum Deposit
Specialized Insurance Products Niche Market Focus
Access to Advanced Trading Platforms Limited License Type Information
No Commissions Limited Customer Support Options
Established Track Record Geographic Concentration

Pros of Uzbekinvest International Insurance Company Ltd (UIIC):

  1. Regulated by FCA: UIIC is regulated by the Financial Conduct Authority in the United Kingdom, ensuring compliance with strict financial standards and providing a level of security and trust for clients.

  2. Specialized Insurance Products: The company offers unique market instruments, specifically investment and trade insurance against risks like confiscation, expropriation, and nationalization, catering to specific client needs in these areas.

  3. Access to Advanced Trading Platforms: UIIC provides its services on MT4 and MT5 platforms, which are recognized for their comprehensive features and user-friendly interfaces, beneficial for both novice and experienced traders.

  4. No Commissions: The absence of commission fees can be financially advantageous for clients, making their transactions more cost-effective.

  5. Established Track Record: Founded in 2004, UIIC has a longstanding presence in the market, which can be reassuring for clients looking for a company with experience and history in the financial sector.

Cons of Uzbekinvest International Insurance Company Ltd (UIIC):

  1. High Minimum Deposit: The minimum deposit requirement of $1,000 might be a barrier for small investors or those just starting out, limiting accessibility.

  2. Niche Market Focus: The focus on investment and trade insurance for specific risks like confiscation, expropriation, and nationalization might not appeal to clients looking for a broader range of financial services or more traditional insurance products.

  3. Limited License Type Information: The “No Sharing” status of the license could imply restrictions in the dissemination of certain regulatory details, potentially affecting transparency.

  4. Limited Customer Support Options: While phone support is available, the lack of multiple channels like live chat or email support might limit accessibility for some clients, especially in different time zones.

  5. Geographic Concentration: Being based in the UK and regulated by the FCA, the company's services might be more UK-centric, which could be less appealing for international clients looking for a more global perspective in their insurance coverage.

Market Instruments

Uzbekinvest International Insurance Company Ltd (UIIC) specializes in providing niche market instruments focused on insurance, specifically:

  1. Investment Insurance: This includes coverage for risks associated with confiscation, expropriation, and nationalization. Such insurance is crucial for investors who are concerned about the political and economic stability of the countries where they have investments, as it provides protection against losses that might occur due to government actions.

  2. Trade Insurance: Similar to investment insurance, trade insurance offered by UIIC also covers risks related to confiscation, expropriation, and nationalization. This type of insurance is particularly relevant for businesses engaged in international trade, safeguarding them against potential losses due to abrupt government interventions in foreign countries where they operate or have trade relations.

These specialized insurance products demonstrate UIIC's focus on providing financial security against specific political risks, catering to a distinct segment of the market that deals with international investments and trade.

Market Instruments

How to Open an Account?

Opening an account with Uzbekinvest International Insurance Company Ltd (UIIC) typically involves the following steps:

  1. Visit the Official Website: Begin by navigating to UIIC's official website at www.uiic.co.uk. Look for an option or section labeled “Open an Account,” “Register,” or similar.

  2. Complete the Application Form: Fill out the application form provided on the website. This will generally require personal and financial information, including details about your investment or trade needs, to assess the type of insurance coverage suitable for you.

  3. Submit Necessary Documentation: As part of the application process, you may be required to submit certain documents. These could include identification proof (like a passport or drivers license), financial statements, or details about your investment or trade activities. This step is crucial for the verification of your identity and to ensure appropriate insurance coverage is provided.

  4. Wait for Approval and Further Instructions: After submitting your application and documents, wait for UIIC to process your application. If approved, they will provide further instructions on how to proceed, including details on the premium payments for your insurance coverage and any additional steps needed to activate your account.

Once these steps are completed, your account with UIIC will be opened, and you can start utilizing their specialized insurance services.

How to Open an Account?

Commissions

UIIC distinguishes itself in the market by offering its services without charging any commissions.

This no-commission policy means that clients engaging with UIIC for investment and trade insurance services do not incur additional transactional fees typically associated with financial services.

The absence of commission fees can significantly reduce the overall cost for clients, making UIIC's specialized insurance products more financially accessible and appealing.

Trading Platform

Uzbekinvest International Insurance Company Ltd (UIIC) offers its services through two highly regarded trading platforms: MT4 (MetaTrader 4) and MT5 (MetaTrader 5). These platforms are primarily known in the financial trading sector for their advanced features and capabilities:

  1. MT4 (MetaTrader 4): MT4 is a popular platform among traders worldwide, renowned for its user-friendly interface, advanced charting tools, and a wide range of technical indicators. It supports automated trading through the use of Expert Advisors (EAs) and is particularly favored for Forex trading.

  2. MT5 (MetaTrader 5): As the successor to MT4, MT5 offers all the benefits of MT4 with additional enhancements. It supports more types of market orders, has an increased number of indicators and timeframes, and offers improved strategy testing tools.

Deposit & Withdrawal

Uzbekinvest International Insurance Company Ltd (UIIC) facilitates its financial transactions with clients through a variety of deposit and withdrawal methods, and has set a specific minimum deposit requirement:

  1. Minimum Deposit: The company requires a minimum deposit of $1,000. This amount is necessary to open an account with UIIC and to start utilizing their insurance services. The minimum deposit is a key factor for clients to consider, especially if they are assessing the financial commitment required for accessing UIIC's services.

  2. Payment Methods: UIIC accepts deposits through bank transfers and debit/credit cards. Bank transfers are a reliable option for transferring larger sums of money, while debit and credit card transactions offer convenience and speed, especially for clients who prefer to use their existing bank cards for transactions.

  3. Processing Times and Fees: The time taken to process deposits and withdrawals, along with any associated fees, can vary depending on the chosen method and UIIC's internal policies.

It's important for clients to review these details, as they can impact the overall experience and timing of financial transactions.

Deposit & Withdrawal

Customer Support

Uzbekinvest International Insurance Company provides customer support through its office located in The AIG Building, 58 Fenchurch Street, London, EC3M 4AB, United Kingdom.

Clients can reach out to the company for assistance, inquiries, or support related to their insurance services by calling their telephone number at +44 20 7954 8397.

This direct line of communication ensures that clients can have personal and immediate interactions with the company's representatives, facilitating a more efficient and responsive customer service experience.

Customer Support

Conclusion

In summary, Uzbekinvest International Insurance Company, based in the United Kingdom and housed in The AIG Building, London, offers specialized insurance services, focusing on investment and trade insurance against political risks like confiscation, expropriation, and nationalization.

Regulated by the FCA and established in 2004, the company has built a reputation for its niche market focus and adherence to regulatory standards. It requires a minimum deposit of $1,000 and operates with a no-commission policy, making its services straightforward and financially accessible.

UIIC utilizes advanced trading platforms like MT4 and MT5, an unusual choice for an insurance company, indicating innovative service delivery. With customer support available via phone, clients have direct access to assistance.

This blend of specialized insurance products, regulatory compliance, and accessible customer support defines UIIC's unique position in the insurance market.

FAQs

Q:Is UIIC regulated by any financial authority?

A:Yes, UIIC is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, ensuring compliance with regulatory standards.

Q:What types of insurance products does UIIC offer?

A:UIIC offers specialized insurance products, namely investment insurance and trade insurance, which protect against specific political risks such as confiscation, expropriation, and nationalization.

Q:What is the minimum deposit required to open an account with UIIC?

A:The minimum deposit required to open an account with UIIC is $1,000.

Q:Which trading platforms are available through UIIC?

A:UIIC provides services on MT4 and MT5 platforms, known for their advanced trading features and user-friendly interfaces.

Q:Are there any commission fees associated with UIIC's services?

A:UIIC offers its services without any commission fees.

Q:How can I make deposits and withdrawals with UIIC?

A:Deposits and withdrawals can be made through bank transfers and debit/credit cards.

Q:How can I contact UIIC for support or inquiries?

A:UIIC can be contacted for support via their telephone number at +44 20 7954 8397, and their office is located at The AIG Building, 58 Fenchurch Street, London, EC3M 4AB, United Kingdom.

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tuiloj
more than one year
UIIC is an utterly deceptive platform. Despite paying the deposit and being promised a refund within 24 hours, I encountered constant excuses hindering the withdrawal process. It's a complete scam, and I strongly advise others to exercise caution and choose more reliable investment alternatives.
2023-12-15 19:17
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萍27370
more than one year
So far I think that the service provided by this company is satisfactory for me. It is effectively regulated by the FCA. I think the most important thing is safety. If your money is scammed, what is the point of other trading conditions?
2022-11-24 09:40
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