UNFXB Review: A Detailed Look into Allegations and Concerns
A comprehensive trading platform, UNFXB (Unicorn Forex Broker) was founded in 2020 and offers forex, ETFs, cryptocurrencies, CFDs, energy, stocks, and indices. The broker asserts that it offers a competitive edge in the financial markets with leverage of up to 1:1000 and spreads on the MT5 platform starting at 1.5 pips. On UNFXB review, though, this broker raises serious concerns.
Scammed? Get a Free Consultation to claim lost funds!
Broker Website – https://unfxb.com/
Headquarters or Area of Operation – Suite 305 , Griffith Corporate Centre , Kingstown St, Vincent and the Grenadines
Warnings – Not recommended by Scam Victims Help
When was the UNFXB website domain set up?
- Name unfxb.com
- Registry Domain ID 2575412649_DOMAIN_COM-VRSN
- Registered On 2020-11-29T15:37:14Z
- Expires On 2026-11-29T15:37:14Z
- Updated On 2024-11-10T06:54:25Z
Unregulated Status and False Claims
UNFXB is registered in Saint Vincent and the Grenadines, an offshore jurisdiction notorious for its lack of stringent financial regulations. The company claims to hold six regulations, yet no evidence supports this assertion. It’s important to note that Saint Vincent and the Grenadines do not issue Forex licenses, advising brokers to obtain licensing in the countries where they offer services. In actuality, UNFXB functions as an unlicensed organization, exposing customers to possible hazards.
This lack of regulation undermines the broker’s credibility and raises questions about its transparency and trustworthiness. The promise of regulatory oversight is often used to lure unsuspecting clients, but in this case, the claims seem entirely fabricated.
Troubling Client Experiences
Negative feedback about UNFXB is widespread across various online forums and review sites. A recurring theme in these reviews is the broker’s alleged refusal to process profits earned by clients.
Multiple users have come forward with accounts of profits being removed from their accounts under questionable circumstances. One common theme across these complaints is the broker’s alleged refusal to process client withdrawals, despite the users meeting all requirements. In one such case, a trader reported that their profits were suddenly and inexplicably taken from their account.
Despite providing evidence that they had not used any automated trading systems—something that could be easily verified through their trade history—the company falsely accused the trader of using Expert Advisors (EAs). The irritation was increased when attempts to contact customer assistance to remedy the issue were met with inadequate responses. According to the user, the company’s response to the situation was dismissive, and their profits were never returned.
This client’s experience is far from isolated. Similar reports have surfaced on online forums and review sites, with many users sharing their struggles of having profits wrongfully withheld. Some have even suggested that the broker may be operating in a way that intentionally discourages payouts. This pattern of behavior paints a concerning picture of the broker’s practices, particularly regarding how they handle clients’ funds and resolve disputes.
UNFXB Review Conclusion
You should be cautious and properly investigate any broker before entrusting them with your money, as this UNFXB review warns. The broker’s unregulated status fabricated regulatory claims, and numerous negative client reviews paint a concerning picture.
Based on available information, it is evident that UNFXB operates in a manner that prioritizes its interests over those of its clients. Therefore, it is recommended that prospective traders stay away from this platform and look for registered brokers who have a track record of moral behavior and satisfied clients.
Scam Victims Help specialists research the brokers and find if they are involved in scams. We researched a lot about brokers to assist customers in making the right decision.
Victims of forex scams, cryptocurrency scams, binary scams, pet scams, dating/romance scams, or any number of scams should raise their voices and get their funds recovered. This will help not only them but also all the victims who are struggling to get their deposits back. It will also help other people be alert to such scammers and scams.
File a complaint against UNFXB.com fraud right now and get instant help from our team in fund recovery!
Get help recovering from forex scams, crypto scams, binary scams, and romance scams and a free consultation.
Visit our Facebook page
Visit our Twitter profile
Learn About Cryptocurrency Scams