Unicorn FX Review – Do Not Invest Your Money In Unicorn FX Scam

Is Unicorn FX a Scam Broker?

Unicorn FX operates as an unlicensed scam without any legitimate trading credentials. The website boldly asserts that it is affiliated with a company named Unicorn Forex Trading, supposedly based in the UK.

However, we have concrete evidence disproving the existence of Unicorn Forex Trading as a legitimate entity. Our findings reveal that this company is not registered with the UK’s Financial Conduct Authority (FCA), a reputable Tier 1 regulatory body.

To clarify, if a company is absent from the FCA’s register, it lacks the necessary authorization to offer financial services in the UK. Consequently, Unicorn FX is unequivocally a fraudulent operation. To safeguard your finances, it is crucial to steer clear of scammers like Unicorn FX and Cooper Markets.

Warning Issued by Financial Authorities

Unicorn FX has received two warnings from regulatory authorities in Canada and Indonesia, further reinforcing its unscrupulous nature.

Both the Canadian IIROC and the Indonesian BAPPEBTI have identified Unicorn FX as an unauthorized provider, effectively labeling it as a trading scam. These warnings carry significant weight, as they originate from two jurisdictions that uphold strict regulations in the financial industry. It is evident that Unicorn FX is not welcome within these strictly regulated domains.

Unicorn FX – Traders’ Reviews

After reviewing the feedback on WikiFX, it becomes apparent that Unicorn FX has left traders highly dissatisfied with its operations, to say the least. The company has garnered a reputation for being anonymous, blacklisted, and consistently rejected by traders. These alarming indicators strongly suggest that Unicorn FX is actively seeking to defraud its clients.

Frustrating, spreads offered by this platform are just two high. What’s worse, they arbitrarily add slippage to your order, increasing your trading fees… I have never seen such a terrible trading platform before. Guys, move away!

– WikiFX user, December 1, 2022.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Unicorn FX Assets

Here’s an overview of Unicorn FX’s available trading instruments:

• Forex currency pairs: EUR/USD, GBP/JPY, AUD/CAD…
• Indices: S&P 500, DAX 30, NASDAQ 100…
• Commodities: gold, silver, natural gas…
• Crypto:  BTC, ETH, LTC…

Unicorn FX Accounts

Unicorn FX offers three different trading account types:

• Standard: 100 $;
• Professional: 100 $;
• Premium: 500 $.

The distinguishing factor among these options appears to be the minimum deposit requirements. Additionally, all three accounts offer a swap-free option.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Munro Financial Planners, Elland Road Capital, Berry Markets.

What Should I Do If I Am Scammed by Unicorn FX?

Stopping these scams on your own may seem challenging, but there are steps you can take to combat them. We strongly advise reaching out to our team, as the more evidence we gather, the faster we can work towards recovering your money.

If you or someone you know has fallen victim to a scam, we encourage you to contact our staff immediately. Utilizing our online chat feature will ensure the quickest response time and grant you a free consultation. Remember, it’s crucial not to lose hope! By taking prompt action, your chances of reclaiming your funds are significantly improved.

Unicorn FX: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Unicorn FX. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Unicorn FX!