UniteStocks is an unregulated & unlicensed CFD broker that opened in October 2020.
Their website is no longer working as of February 22nd, 2021. The official website was located at: https://UniteStocks.com/.
For withdrawal problems or complaints, read this.
UniteStocks Review
Day Traders and Investors at UniteStocks are offered a simple web-based CFD trading platform called Status, which is very user friendly and easy to use. We did not find the industry standard MT4 trading app, or any mobile trading apps at this broker.
A wide range of underlying assets are available for CFD trading including; Major Forex Pairs, Minor Forex Pairs, Crypto Currencies, Metals, Commodities, Indices, and Global Stocks. The minimum deposit for a new trading account at UniteStocks is $250. Deposits are accepted via a variety of payment processors, which convert your money into Crypto or Russian Rubles.
Like most people reading this review, we also were directed to this broker since we signed up for the Bitcoin Loophole trading scam. You should take a few minutes and educate yourself about algorithm trading apps, read this.
WARNING! Most Crypto trading apps you see on Instagram are really a scam, learn why.
If you want to do automated Crypto trading, look at the popular apps listed here.
Is UniteStocks a Regulated Broker?
No, UniteStocks is not a regulated broker, and they are not licensed by the FCA.
They are officially owned and operated by Demure Consulting LTD (reg number: 2020/IBC00075) and located at: 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica. No phone number is listed on their website, and the only way to contact them is via their email address of: [email protected].
The way that the Scam Broker Investigator reviews a new Forex broker to see if they are a scam or legit, is by checking for a valid license from the government financial regulators. Brokers in Australia must be regulated by ASIC, while brokers in United Kingdom need a license from the FCA. Investors that use a local brokerage firm, that is licensed by their local regulator usually do not have problems when it comes time to withdraw their money.
Compare Regulated Brokers
New investors looking for a good online broker have many brokers to choose from. An experienced Forex trader, will always have multiple trading accounts at different brokers, which they use depending on market conditions.
ForTrade is a very popular CFD broker, that is regulated in Canada, Europe, and Australia, see here.
Try a Free Demo on their amazing trading platforms, signup here.
If you are currently investing at UniteStocks, please share your experience using this broker with others, in the comments below.