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UnitedCapitalFX Review - is it scam or safe?

UnitedCapitalFX Review - is unitedcapitalfx.com scam or good binary options broker?

RATING: 1 / 2 REVIEWS UnitedCapitalFX
UnitedCapitalFX is not regulated. We cannot guarantee your money is safe.

Trading Conditions & Accounts

 

Minimum deposit Min./Max. bet size Payout % Regulation
$250 $25/$5000 Up to 73% on EUR/USD No

 

Although UnitedCapitalFX seems like a forex broker, it in fact offers binary options trading on a web-based in-house platform. Clients can open a basic account by investing $250, and those who invest more, are qualified for Silver, Gold, or Platinum accounts:

 

 

The broker’s trading conditions are nothing special in the sector, and our main concern with this broker is its legal status. The website of UnitedCapitalFX does not announce the name of the company operating the brand, and mentions nothing about regulatory oversight or even registration, which raises too many red flags.

 

UnitedCapitalFX Advantages 

 

Out of the money refund

UnitedCapitalFX promises to refund certain a percentage of the invested amount even if the option expires ‘out of the money‘. The broker says it offers a 10% return of the investment if the option expires out of the money.

 

Choice of payment methods, bonuses offered

Potential clients of UnitedCapitalFX may deposit or withdraw funds via bank wire, Cards (Visa, Mastercard, Carte Bleue, Maestro), or WebMoney.

 

Like most binary options brokers, UnitedCapitalFX offers on- deposit bonus of 50% to new clients. This might be attractive for some investors, but keep in mind that certain requirements have to met for withdrawal. More specifically, in order to withdraw your bonus, you will be asked to perform a trading volume of at least 35 times for each $1 bonus.

 

 

UnitedCapitalFX Disadvantages 

 

No corporate info, no regulation  

It is always a bad sign when a forex or binary options broker does not announce on its website the company behind the brand, its headquarters, and possible regulation. In such cases the broker is most likely a scam.

 

The only information we found on the website of UnitedCapitalFX is that the company owning the trademark is located at Overschiestraat 184, 1062XK, Amsterdam. The name is not specified, and nothing is mentioned about regulation. All this inclines us to seriously question the legitimacy of the brokerage.

 

Platform too simple

UnitedCapitalFX offers its services on a web-based platform which we find too simple, and lacking any technical analysis tools. Here is a preview of the broker’s trading software:

 

 

Click to zoom.

 

Poses as forex/CFD broker

Another thing we do not approve regarding UnitedCapitalFX is that it tries to mislead the public that it offers trading in forex and CFDs, instead binary options. Not only that it has included the abbreviation of forex (FX) in its name, but it openly markets itself as a forex trading platform.

 

 

Not many financial instruments available

UnitedCapitalFX does not offer their clients a wide range of financial instruments, something we always view as a negative. Its clients may trade in 11 currency pairs, CFDs on precious metals, IBEX (index), and Nanco Santander (stock). We find such product portfolio rather limited. There is a cryptocurrency category on the platform, but it is currently empty.

 

The crypto market is currently one the most exciting financial markets and those of you who are interested in these assets may check out our list of recommended Bitcoin forex brokers: 


>> Reliable Bitcoin forex broker s<<

 

 

Conclusion 

 

UnitedCapitalFX is a binary options broker whose offer is not that clear, nor attractive. The payouts it offers are not very high, its product portfolio is very limited and the trading platform provided lacks any advanced features. More importantly, the website of the broker fails to provide (potential) clients with the name of the company operating the brand. Needless to say, the brokerage does not fall under any regulatory oversight. All this inclines us to suggest interested traders to direct themselves to better trading options to which we have linked throughout the review. 

 

Speaking of regulation, we must mention that that ESMA has recently banned binary options altogether (as of July 2, 2018), and actually there have remained no reliable regulators in this sector. Previously, most regulated binary options brokers were holding licenses from the Cyprus Securities and Exchange Commission (CySEC). That is why we would advise you to trade forex and CFDs instead of binary options.

 

 

>>List of CySEC-regulated forex brokers<<

 

 

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Traders` reviews for UnitedCapitalFX

Spread

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Price feed

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UnitedCapitalFX - estafa

en mi opinion son unos estafadores primero te hacen invertir 250 te regresan 50 y luego va subiendo yo inverti 45mil euros llegue a 148mil y ellos mismo se cargan el dinero para que invierta mas y me quede con deuda otra cosa dicen que la cuenta esta protegida falso para recuperar mi capital y ganancia 160mil euros me hacen pagar 25 mil euros dije no y me dejaron colgada un tal jonk hasta hora no eh echo nada y solo hice perder los bonos falso te lo dan y luego lo tienes que pagar sino lo pagas en un mes te cobran el 14% de intereses vamos me arrepiento en donde me meti no crear nada y hay mas plataforma que son fraude ya conozco 10 y toda me an estafado 9dq47j

Translated by Google:

UnitedCapitalFX - scam

in my opinion they are first scammers make you invest 250 return 50 and then go up and I investi 45 thousand euros reach 148 thousand and they charge themselves the money to invest more and stay with debt otherwise say that the account is protected false to recover my capital and gain 160mil euros make me pay 25 thousand euros I said no and they left me hanging a jonk until no time I did not do anything and I just lost the fake bonds they give it to you and then you have to pay it if you pay it in a month they charge 14% of interest we go I regret where I put myself not create anything and there are more platforms that are fraud I already know 10 and all I was scammed 9dq47j

Josefina Altagracia Camilo Fernández 11/21/2018

Looked Good

I did some research before hand and evrthing looked good and after a few months well needless to say i lost it all.....

Roger 08/22/2018
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