UniteCommerce Broker Review - Forex Scam!Julius Conley 05 / March / 22 Visitors: 386
Broker UniteCommerce, operating in England, is considered a criminal with corrupted notoriety.
If we go to the official website of UniteCommerce - unitecommerce.cc, we will read that our company provides services for trading operations on the Forex market in England. UniteCommerce also provides programs for trading operations.
Our experts reviewed the UniteCommerce website, got acquainted with the working conditions, made attempts to get at least test access to the software, looked at the availability of official documents, the organization's registration region.
With the help of this data, we will find out: Is UniteCommerce a scam or not?
We will also tell you how not to fall into the trap of scammers, about their methods of operations. We will give the necessary data in order to keep the investment safe.
UniteCommerce firm based in offshore country
The first call that says that unitecommerce.cc are scammers is the registration region. Documentally, the company is registered in the Marshall Islands, which is already in doubt, since the company operates in England. Offshore countries are popular with scammers due to the lack of laws and regulations.
Also, this region does not have the rights to operate in the Forex financial market.
In addition, when our experts tried to find the address, mentions of the owners and management of UniteCommerce, they could not find anything.
This already demonstrates that unitecommerce.cc is a criminal online broker, cooperation with which can result in large financial losses.
No UniteCommerce Owner Information Found
Having studied the official website, our specialists could not find reliable information about the management of unitecommerce.cc. No address, no phone number or any other way to get in touch.
Most likely, this means that the current leaders are trying to hide data about themselves in order to hide from responsibility for their crimes. Even if you manage to reach out to one of the UniteCommerce employees, then this will all end, and the real leaders of the shadow company will remain at large.
UniteCommerce, official website - UniteCommerce, is less than a month old
The website unitecommerce.cc talks about a lot of Forex experience.
The most common way to check the official site is to obtain information about its domain name. Usually, they contain the age of the domain, data for the owner's connection.
In this particular case, the domain name unitecommerce.cc has been around for less than thirty days, and all information about the individual who owns it is hidden. Another proof that UniteCommerce owners are trying to remain incognito.
Such a desire can be supported, but not in those cases when it comes to a financial institution working as an intermediary between the client and the Forex market.
At the same time, unitecommerce.cc assure their potential users that they have been successfully working in the Forex market for a long time.
UniteCommerce does not have a demo period
It is a common practice for brokers to provide traders with a demo version of their services so that they can familiarize themselves with the interface and try out their skills in playing the Forex market with fake money.
Unfortunately, on the website unitecommerce.cc, we could not find data on the test period, the ability to try out the software.
We think that UniteCommerce's leadership is most likely not planning to give users test access to paid software, as some of them are able to suspect fraud.
Broker UniteCommerce works with a negative score
Legal organizations that operate in the Forex market do not use a negative balance in their work. By law, the client of an Internet broker is not able to spend more now in his account. In situations where the account goes negative, the debt must be repaid not by the trader, but by the company that provided the services.
In accordance with this, legal Internet brokers do not use a negative account in their work.
However, unitecommerce.cc gives its users negative Forex transactions, i.e. on credit.
Why is it necessary?
To drive the client into debt and pay off the debt from him. This is one of the most common methods of fraud used by criminals.
If this happens, you need to know that scammers have no way to get finances under UK law. Any methods of influencing you are considered illegal. The maximum that the bandits are able to do is call, send messages with demands.
You cannot cooperate with unitecommerce.cc, since any agreements will result in costs.
UniteCommerce operate with a credit ratio of 1 to 400 or more
At this point, it's clear that UniteCommerce are scams. And yet, let's pay attention to one more nuance, namely, the presence of excessively high leverage.
Leverage is the ratio of the funds of traders and online brokers when making a trading operation. Leverage allows significant trading to be carried out by users who do not have access to sufficient amounts.
To protect traders in the Forex financial market, in civilized regions, laws provide for the use of leverage with the largest ratio of one to thirty, sometimes 50.
At the same time, UniteCommerce applies a leverage of 1 to four hundred for trading in the Forex financial market.
A similar ratio is allowed in Switzerland, since organizations registered in this state enjoy considerable confidence. However, UniteCommerce is not decorated there.
In fact, UniteCommerce cannot trade Forex with this credit ratio due to the high risk to clients. Actually, this is done solely in order to force the user to give as much finance as possible, but also to drive him into debt.
Local branches of UniteCommerce
It is considered prestigious for a financial company to have local branches in civilized regions, even if the work is carried out only in England. Therefore, UniteCommerce reports that in addition to many awards, there are regional offices in England, Australia and other civilized countries, and thousands of competent employees.
It is quite easy to check the existence of these offices. After all, specialized organizations are known that regulate the actions of Internet brokers. In the UK it's FCA, and in Australia it's ASIC.
That is, a law-abiding organization must have permits from these or other organizations that will prove their ability to provide services for making money on the Forex market, regulate the level of responsibility.
However, after checking the industry websites, our experts did not find them. Which once again reinforces the suspicions.
For registration on unitecommerce.cc, it is necessary to transfer personal data
As we mentioned earlier, UniteCommerce does not have a demo period, and therefore, in order to gain access, you must immediately transfer the minimum deposit to UniteCommerce scammers. In addition, creating a unitecommerce.cc personal account is only possible when passing through identity verification.
This means that UniteCommerce requires its customers to submit data such as:
- Information about an individual (passport, birth certificate);
- Information about the permanent place of residence (payments for a communal apartment);
- Data about qualifications, place of work, experience.
In addition, with the initial payment, criminals can gain access to bank account information.
As a result, this data may enable fraudsters to make a loan to a gullible trader, or to carry out other criminal frauds.
Since registration on the unitecommerce.cc website requires the transfer of confidential data, we still did not get access to the UniteCommerce personal account and services for making money on the Forex financial market.
A very important point of exposing UniteCommerce is the analysis of user reviews.
Analysis of the issue in search engines allowed us to obtain the following data:
- Most of the references to UniteCommerce on the Internet are lies. These are the same type of positive reviews and mentions of a custom type;
- All real reviews and references to UniteCommerce are bad. Our experts were unable to identify references from unitecommerce.cc customers that mention a serious profit, a successful operation.
- Bad reviews and mentions are associated with illegal actions, theft of deposits, artificial creation of debt.
Therefore, real reviews of UniteCommerce report that this online broker is a criminal.
UniteCommerce contact information and papers
After analyzing the data on unitecommerce.cc, we saw a lot of dubious digital official papers that can be easily done with a graphics editor. They are not confirmed by official organizations, which means they cannot be trusted.
If a broker is not associated with regulatory organizations, then its traders simply have nowhere to turn for help.
On the "Contacts" page, our experts identified a phone number. It turned out that it had already been used by an illegal broker. There are also many reviews on the net about fraudulent activities associated with the phone number listed on unitecommerce.cc.
Withdrawing money from unitecommerce.cc
Are you going to make money with the help of an online Forex broker? Make sure you can take money from him.
Analyzing the client agreement on the official website of UniteCommerce, our specialists did not find specific information about the withdrawal methods. In addition, our experts found a description of the fees for the lack of activity of a personal account, but did not find data about the size. Since swindlers do not work in the legal field, it is impossible to protest these requisitions.
Therefore, even if the client has ended cooperation with UniteCommerce, they may start calling and writing messages demanding to pay a fine.
How does UniteCommerce work?
The user search method used by UniteCommerce is also alarming.
For promotion, false accounts in social networks are used, in which non-existent users spread information about how they instantly managed to get income by earning on Forex using UniteCommerce. Non-existent people put on display expensive cars and clothes, vacations in resorts and other signs of a rich life.
They promise instant profit growth, for which you do not need to learn or put a lot of effort.
If a potential client gets in touch with scammers, UniteCommerce employees report the reality of instant income, and besides, some unique features of their software that allow you to immediately withdraw serious earnings.
Further, various techniques are used to work, making it possible to receive as much finance from the client as possible. For example, you may be drawn with fake profits in order to motivate you to give even more deposits.
When trading on the Forex financial market turns negative, a personal manager will offer to invest even more to compensate for the debt.
UniteCommerce managers act according to scripts developed by experienced psychologists. Fraudsters study user data in order to influence vulnerabilities and get more deposits.
In any case, it all boils down to one of two options:
- When you decide to withdraw funds before you find yourself in loans, they will draw fines for you, freeze your account, and do everything to force you to transfer even more;
- When you let the bandits drive the balance on credit, threats will come, scammers will begin to demand payment of a fake debt.
An additional method to make a profit for UniteCommerce can be the sale of your personal information to third-party companies. We think that after that, it will be possible to get complete information about you for a moderate amount on some anonymous telegram channel on the dark web.
It is likely that as a result of this you will be spammed by all sorts of criminals, sales managers, etc. It is also worth waiting for letters from unitecommerce.cc colleagues who will begin to offer to “receive” lost money, of course, for payment.
Since UniteCommerce does not operate in a regulated field and remains anonymous, UniteCommerce cannot be enforced under the law in England. The owners of the shadow company are carefully hiding and in the best case, law enforcement agencies will be able to figure out one of the "employees".
Should you work with UniteCommerce?
Only if you plan to give finances to criminals, then it is better to transfer them to a good deed.
Let's briefly state the facts that UniteCommerce are scammers:
- Lack of official registration;
- No demo period;
- Lack of data on the owners of the firm;
- The phone is revealed in shadow machinations;
- Negative score;
- Credit ratio more than 1 to fifty;
- Bad reviews;
- False data on the website.
Our UniteCommerce review is over. Clearly, UniteCommerce are bandits.
We have compiled a list of brokers, that we recommend avoiding.