UniteCommerce Review - Scam!Paul Roberts 05 / March / 22 Visitors: 406
Online broker UniteCommerce, which operates in the UK, is considered a criminal with a bad reputation.
If we go to the official website of UniteCommerce - unitecommerce.cc, we will find out that this company offers intermediary services for transactions in the Forex financial market in the UK. In addition, UniteCommerce provides programs for trading operations.
Our employees studied the UniteCommerce website, got acquainted with the terms of action, made a trip to get at least demo access to the programs, analyzed the existence of official documents, the place of registration of the company.
With the help of the received data, we will find out: Is UniteCommerce a scam or not?
In addition, we will explain to you how not to get caught in the network of criminals, about their methods of operations. We will give the necessary data in order to save investments safely.
UniteCommerce organization is located in offshore country
The main call indicating that UniteCommerce is a criminal is the country of registration. The company is officially registered in the Marshall Islands, which is already doubtful, since the company operates in the UK. Offshore countries are popular with criminals due to the lack of laws and regulation.
In addition, this country does not have the authority to trade on Forex.
Moreover, when our experts tried to find the physical or legal address, data on the owners and management of UniteCommerce, they could not find anything.
This shows that UniteCommerce is a shady online broker that can cost you a lot of money.
UniteCommerce Guide No Information Found
Having studied the site, our experts have not been able to find reliable information about the directors of UniteCommerce. No physical or legal address, no telephone or other methods to get in touch.
We assume that this means that the actual leaders are trying to hide themselves in order to evade accountability for actions. And even if you manage to contact one of the UniteCommerce employees, then everything will end there, and the real leaders of the shadow company will remain at large.
UniteCommerce, website - UniteCommerce, less than a month old
The UniteCommerce website speaks of serious experience in the Forex financial market.
The main method of studying a site is to obtain data about its domain name. As a rule, they indicate the age of the domain, data for the connection of its owner.
In a specific case, the UniteCommerce domain is valid for less than 30 days, and all information about the legal entity that owns it is hidden. Another proof that the organizers of UniteCommerce are trying to maintain their anonymity.
This desire can be accepted, but not when it comes to a financial institution that works as an intermediary between the client and the Forex financial market.
In addition to this, UniteCommerce assures users that they have been successful in the Forex market for many years.
UniteCommerce does not have a demo period
It is a common practice for online brokers to provide users with a demo version of their programs so that they can familiarize themselves with the interface, try out their skills in Forex trading with fake money.
Unfortunately, on the unitecommerce.cc website, we did not find data on the test period, the opportunity to try the software.
We assume that the owners of the UniteCommerce company are simply not going to give users demo access to their software, as someone may start to suspect something is amiss.
Unitecommerce.cc Online Broker Operates With Negative Score
Official firms that operate in the Forex financial market do not use a negative account in their work. By law, an online broker's client cannot spend more than what is currently in the account. In those rare cases when the account still goes into negative territory, the debt will be repaid not by the trader, but by the company that provided the services.
Therefore, official brokers do not use a negative account in their work.
However, unitecommerce.cc gives its users a job with a negative balance, that is, on credit.
Why is it necessary?
To drive the user into a loan and require him to pay the debt. This is one of the most popular methods of deception used by financial bandits.
In the event that this has already happened, you need to know that scammers do not have the opportunity to get money out under British law. Any means of pressure on you is considered illegal. The most that bandits are capable of is calling, sending letters with threats.
You can't work with UniteCommerce, because all agreements will turn into losses.
UniteCommerce operates with a credit ratio of one in 400 or more
Already now, it is becoming clear that UniteCommerce are bandits. However, let us point out one more fact, namely the existence of an extremely large credit ratio.
The credit ratio is the ratio of the money of traders and online brokers when making a transaction. Leverage makes it possible to carry out significant trading operations for clients who do not have sufficient funds with them.
In order to protect Forex clients, in civilized countries the laws provide for the use of a credit ratio with the highest ratio of 1 to thirty, sometimes fifty.
At the same time, UniteCommerce applies a leverage of 1 to 400 for Forex transactions.
Such an attitude is legalized in Switzerland, as firms registered in this country enjoy considerable confidence. However, UniteCommerce is not registered in this state.
In fact, UniteCommerce is not allowed to trade Forex with such leverage due to the high risk to clients. Actually, this is used solely to force the client to invest as much of his money as possible, but also to drag him into debt.
Local branches of UniteCommerce
It is considered prestigious for an organization to have local offices in civilized countries, even if the work takes place only in England. Therefore, UniteCommerce informs that in addition to many awards, they have local branches in England, Australia and other civilized regions, and also about a large number of experienced employees.
Checking the reality of these branches is quite simple. Since there are specialized organizations that regulate the actions of Internet brokers. In the UK it's FCA, in Australia it's ASIC.
Accordingly, an official company is required to have official documents from these or other organizations that confirm their ability to provide services for Forex trading operations, indicate the degree of responsibility.
However, after checking industry websites, our experts did not find them. Which once again reinforces suspicions.
For registration on unitecommerce.cc, you need to transfer personal data
As we said earlier, UniteCommerce does not have a trial period, and therefore, in order to gain access, you must immediately pay the UniteCommerce bandits a minimum deposit. Also, getting access to the unitecommerce.cc personal account is possible only when the user is verified.
This means that UniteCommerce requires users to submit data such as:
- Information about an individual;
- Data on the permanent place of residence (payments for utilities);
- Data about qualifications, place of work, experience.
In addition, during the initial transfer, fraudsters can gain access to card data.
Together, these data can allow the bandits to issue a loan for a deceived client, or carry out other shadow operations.
Since you need to submit personal information to register on the unitecommerce.cc website, our experts did not get access to the UniteCommerce personal account and services for trading in the Forex market.
The most important point of exposing UniteCommerce is the analysis of user reviews.
The study of the search results on the Internet yielded the following information:
- The majority of UniteCommerce references on the web are fake. These are the same type of positive reviews and comments of a paid nature;
- All true reviews and comments about UniteCommerce are negative. Our experts could not find any mentions and comments from former users of unitecommerce.cc, which would mention a decent profit, efficient trading.
- Negative reviews and comments are caused by illegal activities, theft of funds, special creation of debt.
Accordingly, UniteCommerce reviews indicate that this broker is a scam.
UniteCommerce contact information and papers
After analyzing the mentions on unitecommerce.cc, our experts found many dubious digital white papers that can be easily created using a graphic editor. They are not confirmed by official organizations, which means that they cannot be trusted.
If an Internet broker is not associated with regulatory organizations, then its clients simply have nowhere to turn for help.
On the "Contacts" page, we found a phone number. It turned out that it had already been used by an illegal online 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 clear information about the methods of withdrawing earnings. At the same time, our experts identified a mention of penalties for account inactivity, but did not find information about the size. Since swindlers do not work in the legal field, it is impossible to challenge these fees.
Therefore, even if the client has completed cooperation with UniteCommerce, they can call and write messages demanding to pay a fine.
How does UniteCommerce operate?
The method of finding new customers that UniteCommerce uses is also suspicious.
For promotion, fake social media accounts are used, in which fake bloggers spread information about how they quickly managed to earn income by earning on Forex using UniteCommerce. Ad accounts show expensive cars and jewelry, trips to resorts and other indicators of a rich life.
Fakes guarantee a rapid income for which you do not need to study or put a lot of effort.
When a trader gets in touch with them, UniteCommerce managers report the reality of instant profits, as well as the unique features of their programs that will allow you to earn big money quickly.
After that, various manipulations are used to get as much investment from the user as possible. For example, the user can create fake profits to provoke the transfer of even more funds.
When the work on Forex is unprofitable, the personal manager will recommend to transfer more in order to cover the losses.
UniteCommerce employees act according to algorithms that are developed by professional deceivers. Criminals analyze information about the client in order to put pressure on vulnerabilities, lure out even more finances.
One way or another, all this will lead to one of the options:
- When you want to withdraw finances before you find yourself in loans, you will be charged fees, close assets, and will do everything to make you pay more;
- If you allow fraudsters to drive the account into a minus, there will be threats, criminals will demand to repay a non-existent loan.
Another way for UniteCommerce to make a profit would be to share your sensitive information with third parties. We think that, after that, it will really be possible to obtain comprehensive information about you for a modest amount on some anonymous Telegram channel on the shadow Internet.
It is likely that because of this, all sorts of scammers, managers, etc. will write to you more often. In addition, it is worth waiting for calls from unitecommerce.cc accomplices who will offer to “receive” the lost money, of course, for payment.
Since UniteCommerce does not operate in a regulated field and remains incognito, unitecommerce.cc cannot be made liable under UK law. The owners of the shadow organization are skillfully hiding, and in the best case, the legitimate authorities will be able to figure out one of the "employees".
Can UniteCommerce be trusted?
It is forbidden!
Only if you are going to give finances to criminals, then give them to a good deed.
In a nutshell, here is the evidence that UniteCommerce is a criminal:
- Lack of official registration;
- No trial period;
- There is no information about the owners of the organization;
- Phone found in fraudulent schemes;
- Negative score;
- Leverage greater than one in fifty;
- Bad reviews;
- False data on the site.
This completes the UniteCommerce review. Clearly UniteCommerce are the culprits.
Paul Roberts 51 years old Born in Edinburgh. Married. Studied at University of Oxford, Department of Public Policy and Social Work. Graduated in 1997. Works at Standard Life Aberdeen plc.