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Unitedmarkets4you Review - is it scam or safe?

Unitedmarkets4you review - Is unitedmarkets4you.com scam or good forex broker?

RATING: 1 / 4 REVIEWS Unitedmarkets4you
Unitedmarkets4you is not regulated. We cannot guarantee your money is safe.

Unitedmarkets4you is a binary options broker, focused on the crypto currency market, offering a variety of crypto pairs on a web based platform. Recently the Financial Conduct Authority (FCA) in the UK issued a warning against Unitedmarkets4you, accusing them of operating without a license in the United Kingdom. If you are considering opening an account with them be sure to read this review first.

 

Account type Min. deposit Max. leverage Spreads
Standard Account 250 EUR n/a n/a

 

Unitedmarkets4you Advantages:

 

Binary options on a variety of crypto coins

 

Unitedmarkets4you offer binary options bets on 12 crypto pairs with coins, including Litecoin, Bitcoin, Ethereum, Ethereum Classic, Zcash, Monero and RRT. Still if you are interested in crypto assets, here you may check our list of brokers, offering Bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Crypto coins accepted as a payment method

 

Unitedmarkets4you accepts deposits in crypto coins and fiat money and the payment methods include all major credit or debit cards like VISA and MasterCard. However we miss some popular e-wallets like NetellerSkrill or PayPal. Also, here you may check our list of brokers, accepting payments with Bitcoins as well:

 

>>Forex Brokers Accepting Bitcoin<<

 

Acceptable minimum deposit requirement

 

To start trading with Unitedmarkets4you you will have to invest at least 250 USD, which is in line with what most brokers ask for with a standard account. However, here we should note that with some big well established players like FBS and IG you can start trading with as little as 5 USD or even less.

 

Unitedmarkets4you Advantages:

 

No license, an FCA warning

 

Unitedmarkets4you is a brand of Options Tech Limited, a company based in the Commonwealth of Dominica. Options Tech Limited also operates other brands, including United & Equal, UBS Investment, UBS InvestmentOptions Tech Limited, Cryptex Markets and Block Chain Exchange Pro. Unfortum. 

 

As we have already mentioned in the opening paragraph of our review, earlier this week the FCA in the UK has issued a warning against Options Tech Limited and all of its brands, including Unitedmarkets4you, for providing financial services in the UK without a license.

 

 

In its statement FCA reminds us that almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by them. However, “some firms act without our authorisation and some knowingly run investment scams”, the regulator warns in the statement.

 

As Options Tech Limited says to be registered in the Commonwealth of Dominica, we decided to check the registers the local Financial Services Unit of the Commonwealth of Dominica - the sole regulatory authority for the Non-Bank Financial Sector in the country. Unfortunately we were not able to find neither Options Tech Limited, nor Unitedmarkets4you in the registers. That leaves with no choice but to regard Unitedmarkets4you as an unregulated broker and this significantly decreases its credibility.

 

Furthermore since July 2nd the the European Securities and Markets Authority (ESMA) enforced a total ban on all binary options bets in the European Union, which makes Unitedmarkets4you operations on the territory of the European Union illegal.

 

But let us return to regulation - the single most important factor for the safety of any investment on the forex and crypto markets. All brokers, holding a license by any of the official financial regulators in Europe, the USA, Australia or Japan, such as the FCA in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) are obliged to abide by strict financial and ethical rules.

 

Among those are the requirements to maintain a certain minimum operational capital, to keep all clients' money in a segregated, protected form creditors account and with some regulators even to insure traders capital.

 

Traders with FCA brokers, for example, are entitled to a compensation of up to 50 000 GBP in case their broker goes insolvent. With a similar compensation mechanism all traders with CySEC brokers can receive back up to 20 000 EUR of their capital. Here you may check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<

 

Unusual withdraw conditions

 

In Unitedmarkets4you Terms and Conditions we read that in order to be eligible to withdraw any funds, you will have to make a trade turnover of over “5 times without a bonus and 30 times with allocated bonus” and that, we should note, is highly unusual. A client should have the right to withdraw his or her funds, or at least the ones that were deposited plus the profit, anytime, without preconditions.

 

On top of that also in Unitedmarkets4you Terms and Conditions we read that: “The Client gives the company the right to trade with but never withdraw their funds unless instructed to do so by the Client themselves in writing.”

 

 

As we have already discussed, legit brokers keep their clients' money in a segregated, trust account, so the funds are not available to cover operational expenses of the broker or to be used as a trading asset.

 

Payout lower than market average

 

The payout offered by Unitedmarkets4you is set at 80%, which is below the 85% payout standard, considered acceptable with such kind of bets. Also here you may check our list of brokers, offering forex and CFD trade with tight spreads:

 

>> Lowest spread forex brokers<<

 

Lousy looking platform

 

Unitedmarkets4you offers a cheap looking, overly simplified web based platform, that we usually see with unregulated binary options brokers:

 

 

Here also you may check our list of brokers, offering forex and CFD trade on the MetaTrader4 platform  - one of the best trading solutions on the market, with various features, including the option to run automated trading sessions, with the help of specially designed trading bots – Expert Advisors, which you can easily modify to better fit your trading strategy:

 

>>MT4 Brokers<<

 

Conclusion:

 

Unitedmarkets4you is an unregulated, offshore broker with very limited credibility about which there is a recent FCA warning. As we have already discussed, trading with unregulated brokers is associated with a significant risk of loosing your money to scammers.

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Traders` reviews for Unitedmarkets4you

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C m a capital unable to contact .tel 02037403176

I think i have been scammed operating under the heading of united markets4you

ANTHONY MESSENGER 08/15/2019

Conning b******s

How long have you got? I have been ripped off for a fortune - very cleverly and as with all of these ............. believably.
They never answer emails and when quoted their own T & Cs they deny and wriggle and fail to comply!
At any of the London addresses the receptions (as they are multiple occupied offices) have never heard of them!

Jamie Harrison 05/27/2019

Fraud

Was with blockchainexchangepro they went into liquidation but didn't tell me. One day I got a call from Terence Clark if that's his real name? Saying they have taken over, he reassured me, as expected same old, lots of excuses.how do these people sleep at night

Karen England 10/24/2018

money

they have had £13000 of my cash then made me take out a lown of £20000 from hitachie honking ,saying I would get it back next day ,they wont give me any money back ,I wonder if you could help me get some back please
adam

adam keightley 10/13/2018
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