Uniteex is a new unregulated broker that was created in January 2021. They give us no information as to who owns this broker, where they are located, or how to contact them. Their Official website is at: https://Uniteex.co/.
For withdrawal problems or complaints, read this.
Uniteex Review
Day Traders and Investors at Uniteex are given the Status web-based CFD trading platform, which is a basic and simple trading app. MetaTrader 4 is available for desktop and mobile.
Our review finds that they offer a lot of underlying assets for CFD trading including; Forex Major, Forex Minor, Crypto Currency, Metals, Commodities, Market Indices, and Shares. Margin rates on $BTCUSD is 1:10 and the spread is now at $110. It is important to know, that the FCA has banned the trading of CFD’s on Crypto.
Minimum deposit for a new trading account at Uniteex is $250. This broker uses two different payment processors for deposits, either Cashir.Live or via a Crypto Wallets. When depositing money at a broker that uses crypto payment processors, you lose your credit card fraud protection. You are not able to deposit via wire or swift payment.
Automated Trading Apps
We found this broker by signup for for a new trading app called Bitcoin Madrid. That software is also a scam, as they did not give us any algorithm software to use.
Before investing with “Get Rich Quick” trading signals software, you should compare other apps, see here.
Is Uniteex a Legit Broker?
No, Uniteex is not a licensed broker, and they are not regulated by any government agency.
Further research reveals that they are related to the company called Warp Enterprise LTD, because they are using the same MT4 software. Warp Enterprise was a company that Consob Italy warned investors about back in 2020.
The Scam Broker Investigator has reviewed over 800 Forex / CFD brokers to see if they are a scam broker or a legitimate broker. When doing our review, we look for a license from any of the respected government financial regulators. Brokers in Australia must have a license from ASIC, while brokers in England must be regulated by FCA.
By using a local brokerage firm, that is licensed in your country, this ensures that you will not have problems withdrawing your money.
Compare Regulated Brokers
New investors looking for a good online broker have plenty of brokers to choose from. An experienced professional trader, will have a multiple trading accounts at different brokers, which they will use depending on the trading conditions.
PepperStone is an Australian regulated broker, offering Mirror Trader and Social Trading, see here.
Pepperstone offers very narrow spreads, plus you can use; MT4, MT5 or cTrader apps. Start Trading at: Pepperstone.com.
Existing clients of Invest Boost are asked to please share their experience with other investors, in the comments section below.