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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: 2 / 3 REVIEWS
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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  

 

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Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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Cons

 

 

Traders` reviews for Uniglobe Markets

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
Forex
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