Warning! UnerneyFX is an offshore company! Your deposit may be at risk.
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We honestly have no idea how UnerneyFX still stands. There are signs all over the place that the website is surely going to crumble. Any day now UnerneyFX’s servers will give up. But there is still a chance that UnerneyFX pulls off a couple of thefts, so this review is as relevant as ever. Even though UnerneyFX might look like utter chaos, many can still be potentially lured in by soliciting devices.
Not a single claim pertaining to a registration is found anywhere in the website. The site reveals nothing to suggest an address or a regulation, even false ones.
Our best source of any details is the entire website itself, and the fact that the website is originally in Chinese; it had to be translated to English by a third part software, meaning that the scammer schemes are directed to East Asian nations where Chinese and offspring languages dominate. The best place to be regulated in that part of the worked is either in Hong Kong or Singapore. But the reality is that the broker is neither registered nor regulated in either of these jurisdictions.
In essence, the only this we can conclude is that UnerneyFX is anonymous. No one knows where invested capital goes, nor with what kind of shady personnel one shares his or her private details. Anonymity is mostly affiliated with the most scammer of all brokers, and with UnerneyFX this supposed rule truly applies.
We do not need any further info to conclude that UnerneyFX is completely unregulated and a risk to all!
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
Moreover, as we already mentioned the website of UnerneyFX is on the edge of shattering. WE give it a week tops after which it will probably start to experience serious issues and eventually crash.
Already one sign of this inevitable event is the broken account creation area; we had no way to open an account. There was a blank page that seemed to load forever.
We have the website to quote on all trading conditions, yet for all we knows clients will probably not be able to trade here. The promoted tradeable assets are spot fx, stock indexes, crude oil, precious metals, and undisclosed other asset types under a “others” category. The leverage is capped at 1:500, and all spreads starts from 0 pips which we find very hard to believe. Such spreads usually have hefty commissions attached to them, or are used to lure in users.
UNERNEYFX LOGIN
Adding more to the ambiguous trading terms id the fact that there is no proof of trading software. We have no idea if the broker offers one, however if judging by the state of the broker we would say that it does not have one.
Whatever the case, all investments are a risk and there is no reason to waste your time here.
UNERNEYFX MINIMUM DEPOSIT
The minimum deposit on the website is $1, although we found no way to actually check this supposed value. Moreover, sing that we had no access to a user area, we have even more reason to doubt.
Unfortunately, there are no further payment details talked about anywhere.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
UNERNEYFX WITHDRAW TIME AND FEES
It was expected that there were no withdrawal details whatsoever. We neve came close to any, but here at least UnerneyFX is honest; it does not offer any withdrawal details because client swill not be able to withdraw. Although it is not said directly, the context sets the whole thing up.
ACCOUNT VERIFICATION
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
BOTTOM LINE
UnerneyFX’s days are numbered but its still a good idea not to play with fire. This broker may close shop soo, but as long as it is active it’s a full risk to all users.!
