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Uniglobe Markets Review - Is it scam or safe?

Uniglobe Markets Review - Is uniglobemarkets.com a good forex broker or a scam?

RATING: 1.2 / 6 REVIEWS ForexBrokerz Uniglobe Markets
Uniglobe Markets is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts & Conditions

 

Account type Minimum deposit  Minimum trade size Maximum leverage  Spreads (& commission)  Swap
Micro  $10 0.01 1:500 From 1.8 pips No
Mini  $100 0.1 1:400 From 1.6 pips No
Standard  $500 1 1:200 From 1.3 pips 
ECN  $500  0.1 1:200  From 0.0 pips + commission $15 per lot  Yes
ECN Elite  $10 000 1 1:100 From 0.0 pips + commission $7 per lot Yes

 

Clients of Uniglobe Markets are offered a choice 5 4 account types, in order to suit the needs of traders of all levels and preferences. All accounts, except the ECN ones, are commission-free and offer swap-free service. Micro lots are available for trade solely on the Micro account type.

 

Spreads are floating and vary by account type, however average ones on non-ECN accounts are pretty high – above 1.5 pips for the EUR/USD pair. The ECN account, on the other hand, provides spreads as low as zero, however a salty commission of 15 per lot applies. So, the cost of trading on ECN accounts also exceeds 1.5 pips and may not be considered as competitive pricing.

 

Keep in mind that scalping, hedging as well as automated strategies (EAs) are allowed on all account types, while free trading signals are available on Standard & ECN accounts.

 

As regards margin requirements, Uniglobe Markets is one of those brokers offering high leverage levels, reaching 1:500. We advise traders to exercise caution when utilizing high leverage ratios, for their involve greater risk.

 

The Company. Security of Funds

 

Uniglobe Markets is an offshore broker, offering trading in currency pairs, CFDs on indices & commodities on the most popular trading platform, the MetaTrader 4. Uniglobemarkets.com is a domain owned and operated by Uniglobe Markets Limited, a company registered in the Marshall Islands. 

 

Brokers based in Marshall Islands just need to complete a simple registration procedure and don’t face any of the strict requirements that brokerages regulated in the US or in the UK do. To put it simply, when operating with such brokerages, traders will be receiving very limited regulatory protection and oversight, if any.

 

Trading Platform

 

Uniglobe Markets offers its customers the famous MetaTrader 4 (MT4), desktop and mobile versions available (for Android & iPhone).

 

 

Here you may look up more forex brokers offering MT4 platform.

 

Bonuses & Rebates

 

At the time of writing of this review, Uniglobe Markets offers its traders the following promotions:

 

-         -  60% on-deposit welcome bonus up to a maximum of USD 6000, which is credited for a period of two months for trading purposes only.

This bonus applies to deposits of at least USD 300 and the leverage available for accounts with this bonus offer is 1:300.

 

-         -  Cash rebates from $4 to $10 per lot, depending on the volume traded, which are provided upon request.

To be eligible for the cash rebates, a client must maintain a trading account with Uniglobe Markets for at least one month after initial deposit.

 

-          - Refer a friend bonus of 10% of the referral’s net deposit (at least $100) up to $3,000 (per referral).

 

Methods of Payment

 

Uniglobe Markets offers a large number of payments methods to accommodate all our clients: bank wire transfer, credit/debit cards and e-wallets Neteller, Skrill, WebMoney, Qiwi, Perfect Money, OKPay, FasaPay, and PayPal.

 

Conclusion

 

Uniglobe Markets is an offshore brokerage that offers reasonable conditions for trading in forex and CFDs through the robust MT4. Our concern with this brokerage is its looser regulation, as well as comparatively high cost of trading. Here are, in a nutshell, the advantages and disadvantages of Uniglobe Markets:


Pros Cons
Low initial deposit  Not regulated
MT4 available No choice of trading platforms
High leverage levels provided High spreads on non-ECN accounts and salty commission applicable to ECN accounts
ECN environment offered  
Bonuses available  

 

Latest news about Uniglobe Markets
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Traders` reviews for Uniglobe Markets

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Useless broker

When you requesting for withdraw your funds they are always making drama or block you even customer support also.
So don't invest your hard money or waste your time here.

Sanjay Roy 11/07/2019

Uniglobe Markets is not a good broker

This is one of the worst brokers out there today. They can lure you into making a deposit by assuring you that any EA and any strategy is allowed on their platform. But when you need to take out your money, they will tell you that your account in "Under Compliance". They will falsely accuse you of "unethical practices" for using your EA - after they already told you that you any EA is allowed.

I can not recommend them to anyone.

Let them contact me. I have proof. I already told them that I will expose their unethical practices on every site I find on the web - until they refund my account balance.

Victor 07/08/2019

withdrawal cannot be done

No one should start trading with this broker, i had very bad experience, deposits cannot be done properly, it take ages, and withdrawals ..... if you really lucky if you receive your money.
this company is not regulated in a proper country,
I feel sorry about poor support service individuals,
if you living in UK or Europe never touch this,
if you are in Sri Lanka or India , just imagine how hard to earn money, and get withdrawal will 10 times harder,

Thushara 02/28/2019

Uniglobemarkets.com - Big scammer

dear ALL Trader.
i deposited 300$ with uniglobemarkets.com.mt4 account # 2108903700 i made profit 100$+.
after i made profit then i requested for withdrawal thy not send. & blocked my account. i ask why
not send by email they not replay me 100+ email i sent they not reply me.
when i contact live chat they just changed desk . finally i taking help desk 11. he ask me
you selfy document bank statements & id card & deposit screenshot. after i will get it 2 days
i sent all documents after 2 weeks live support just blocked me when i shows my account.
finally support desk 3 told me my fund sent to my IB neteller account. i ask i deposited
i send my fund to uniblgoe why send my fund to my ib. they told it was contact with ib. trader fund send to ib account.
i ask why they sent to my fund to ib.live chat told i we dont know. then i contact with ib by Facebook.
he told they are scammed lot of trader & also they not send my ib commission they are scam
then i ask uniglobemarkets give the proof about send my fund to another person
they dont have any proof . but i ask sir my fund send another person it real ? & if how trader fund
security with your company. they told i dont know it depend on finance i ask how to contact with
financial live chat told no have contact options with financial.Finally the give answer you dont contact with our company YOUR FUND SEND ANOTHER PERSON ALREADY & YOUR ACCOUNT BLOCKED
now FPA please help me. they are scammed with me. please ask them why they my fund send another person.
i m sure they told lied. they seal eat my all capital & all profit . please look my all proof below link. please help me get my fund

md abul hasan chowdhury 10/16/2018

World great scammer uniglobemarkets

MY EMAIL ID: bdfxbangladeshbd@gmail.com
mt4 account number Login ID : 665778

i got bonus 30 th july after i start trade. they condion just for upto withdrewal 100$
need 15 standred lot complete & & 2min alteast order closed time. & like comment & share
uniglobemarkets facebook page. look lot of lot lot of woking i made form last one month all done by hard working
. i completed all. now they not send my withdrewal & hunt & eat my hard wokr earnm mone
i ask why disable my account in live chat they told it will undibsable now.
after undisable i made todal 20 lot total spread cut 270$ just for 100$ withdrewal.
finallnay i made all now i see they not send my withdwal & disable my account
& i sent lot of email they not repaly me. & when try live chat they bloked me.
I M VERY UPSET WORRIED ALLL TIME CRING THEY SCAM WITH ME HUNT MY HARD EARN MONEY.
i connet with some trader every body told they big scamer .my a friend deposit 200$
& made profit 200$ after withdrewal reqesuted now also his account bloked & not resposned
my friend email. so please share my post & shre every forex review site. & all facebook
group. about scamer hunter broker uniglobemarkets they fuck every trader fund

please stop deposit with uniglobemarketsmy fried mt4 account number 2108903700& hunting fund amount 418.21

Md Sher Alam 08/09/2018

Uniglobemarkets is scam!!

Uniglobemarkets is scam!!! It has been withdrawal delayed for 412 days.

I haven't received the money for 412 days.
I haven't received USD 15,197.70
They are telling lies


A fraud document sent by uniglobemarkets.

ISPRINTANO: 12.01.2017 11:15:45 ZA: HBBAMEPGAXXX
MESSAGE HEADER
F01HBBAMEPGAXXX2154000001
2: APPLICATION HEADER
I103RZBAATWWXXXXN
:108: 0171
3: USER HEADER
8880888800883992
:20: Transaction Reference Nubmer
CRED
:23B: Identification of the Transaction
160413 USD 15197.70
:32A: Amount
/ME25520411000000203304
:50K: Ordering Customer
UNIGLOBE MARKETS LTD
TRUST COMPANY COMPLEX, AJELTAKE RD
NULL AJELTAKE ISLAND, MAJURO
MARSHALL ISLANDS
:57A: Account With Institution
CZNBKRSEXXX
Beneficiary Customer
20976811003570
LEE HAYOUNG
Seoul, Korea
Details of Payment
Trading Account No : 653864
OUR
:71A: Details of Charges
OUR
S:
:SPD:
SYSTEM
------------>End of Message

hayoung lee 10/12/2017

Uniglobe Markets India

They Have local office's in INDIA Doing pretty good service with 24hours W/D system i hav done 4 times Profit Withdrawal..!!!
Spreads are variable and provide 1:500

Vara Prasad 07/06/2017

Uniglobe markets - Scam broker and stay away from them

Sorry to inform you that uniglobe market are the biggest scammers , i had very bad experience with them ... as long as the deals are making profit ,,, they are not closed when they reaches the take profit .... and they say the price didn\t reach the take profit although on their chart ,, it passed the take profit by 40 pips .. and when u call the customer support .. they ask for the documents to prove and when u send them , they stop replying any more

i am attaching the chart to prove my case

Mohammed 05/18/2017
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