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[forminator_form id="6039"]UnixBroker, proudly, showcases itself as one of the most reputable and transparent brokerage firms that know how to meet the demands of their customers with a wide variety of account types and support. With 100+ tradable assets that include forex pairs, CFDs on stocks, commodities, indices, metals, etc., UnixBroker surprised us with its shady features that were carefully hidden from the public eye. In this review, we will be decoding each of the red flags that they possess and help you out in deciding whether Unixbroker.com is a scam in reality or not. If you are a victim of the UnixBroker scam, make sure you stay tuned till the end for we have a solution for you too.
Short Summary
Name: UnixBroker
Address: Marshall Islands
Minimum Deposit: Not Disclosed
Leverage: 1:400
Trading Platforms: MetaTrader 4
Owner: Z Line Corporation Ltd
Demo Account: No
Blacklisted: FCA
Is it a scam?: Read on to find out!
REGULATION
What they claim:
When it comes to the regulation, UnixBroker does not state anything. Instead, they claim that they are owned and operated by another entity that goes by the name of Z Line Corporation Ltd.
What we found:
Upon searching for the parent company, we found out that Z Line Corporation Ltd. is located in the Marshall Islands. For those of you who may not know this, the Marshall Islands is yet another offshore zone that is a hub for scam brokers due to the absence of a regulator in the place. Therefore, it is clear that UnixBroker does not have a license and is unregulated.
LEVERAGE
What they claim:
UnixBroker claims to provide different leverages according to the account that the customer chooses. They also claim to provide the best leverage that can be offered.
What they found:
In reality, leverage is a very important part of the trade as it has a direct relation with the risk involved in the trade. This is the reason why the legitimate brokerage firms always offer lesser leverages like in the range of 1:10 to 1:50. However, UnixBroker offers leverage up to 1:400 to their “valuable” customers. The three different types of accounts they offer are Silver Account, Gold Account, and Platinum Account. The silver account has leverage up to 1:200, the gold account has leverage up to 1:300 and the platinum account offers leverage up to 1:400.
MINIMUM DEPOSIT
What they claim:
To our surprise, this “world favorite” brokerage firm does not disclose the minimum deposit that is demanded by the company.
What we found:
Not revealing crucial and basic information is wrong and clearly indicates the fact that they are hiding something from the public. One should never trade with a company that does not disclose information to its customers.
Is it safe to trade with UnixBroker?
To conclude all that has been stated above, we can clearly say that NO, it is not safe to trade with UnixBroker as it is unregulated and shows most of the signs of a scam broker. UnixBroker is also blacklisted by the Financial Conduct Authority or the FCA for being a potential scam. If you have been scammed by UnixBroker, contact us and we will help you get the money back.
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