Sponsored By
de | cn | ru

UnitedCapitalFX Review - is it scam or safe?

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

RATING: 1 / 0 REVIEWS
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<<

 

 

Latest news about UnitedCapitalFX
No news about UnitedCapitalFX . Check back later.
Broker Country Regulation Min deposit Max payout Review
Seychelles FinaCom $10 86% Review Website
Australia ASIC $50 88% Review Website
Cyprus CySec $200 89% Review

Traders` reviews for UnitedCapitalFX

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

 

 

de | cn | ru