UniteCommerce is a scammer disguised as a broker!
The UniteCommerce broker that operates in the UK is a notorious criminal.
If we get to the official website of UniteCommerce - unitecommerce.cc, we will find out that the organization under study provides brokerage services for trading in the Forex market in Britain. UniteCommerce also provides software for financial transactions.
Our experts reviewed the UniteCommerce website, got acquainted with the working conditions, tried to get at least demo access to the services, examined the availability of documents, the place of residence of the company.
With the help of the information received, we will find out: Is UniteCommerce a scam or not?
We will also explain to you how not to fall for the bait of deceivers, about their methods of work. We will tell you the information you need to keep your finances safe.
UniteCommerce is located offshore
The first sign that UniteCommerce is criminals is the region of registration. According to the documents, the company is registered in the Marshall Islands, which is already suspicious, since the company operates in Britain. Offshore states are popular with scammers due to the lack of laws and oversight.
Moreover, this region does not have the authority to operate in the Forex market.
In addition, when our specialists tried to detect the physical or legal address, mentions of the owners and directors of unitecommerce.cc, they could not find anything.
This already suggests that UniteCommerce is a fake broker, cooperation with which will result in big financial losses.
Missing UniteCommerce Owner Data
After researching the website, our staff could not find any reliable information about the organizers of the UniteCommerce company. No address, no phone numbers or any other way to get in touch.
We think that this means that leaders are trying to hide information about themselves in order to hide from accountability for actions. If you manage to contact one of the UniteCommerce employees, then everything will end with this, and the real heads of the fraudulent organization will remain at large.
UniteCommerce, site - UniteCommerce.cc, less than thirty days old
The UniteCommerce website speaks of significant experience in the Forex market.
The main way to analyze a website is to obtain information about its domain name. Basically, they fix the period of operation of the domain, the contact information of the owner.
In a specific case, the unitecommerce.cc domain name exists for less than one month, and all information about the legal entity or individual that owns it is classified. More evidence that the organizers of UniteCommerce are trying to maintain their anonymity.
This desire can be accepted, but not in those cases when it comes to a company working as an intermediary between the user and Forex.
At the same time, UniteCommerce assures its users that they have been successfully operating in the Forex market for many years.
UniteCommerce has no demo period
It is a normal practice for brokers to give traders a demo version of their services in order for them to get acquainted with the interface, to try out the possibilities in the game on the Forex financial market with virtual currency.
Unfortunately, on the official site unitecommerce.cc, we could not find any mention of a test period, the ability to try out the programs.
We think that the owners of the UniteCommerce company simply do not plan to give users demo access to the software, as some of them may begin to suspect a scam.
Broker unitecommerce.cc works with a negative account
Legal companies that operate on Forex do not use a negative balance in their activities. According to the law, the user of an online broker is not able to spend more than what is currently on the balance sheet. In rare cases, when the balance still goes into a negative value, the loan must be repaid not by the trader, but by the company that provided its services.
Therefore, legal Internet brokers do not use a negative account in their activities.
And yet, unitecommerce.cc offers its users trading with a negative balance, that is, on credit.
What is it for?
In order to drive the client into a minus and start demanding a loan from him. This is one of the most common methods of deception used by bandits.
In the event that this happened, you need to know that fraudsters do not have the opportunity to recover investments under UK law. Absolutely all methods of pressure on users are considered illegal. The most that the bandits can do is call, send threatening letters.
You can't work with UniteCommerce, as any agreements will result in new expenses.
Unitecommerce.cc operate with a leverage of 1:400 or more
At this point, it becomes clear that UniteCommerce are bandits. However, let's pay attention to one more nuance, namely, the presence of too much leverage.
The credit ratio is the ratio of user funds and online brokers when concluding a transaction. Leverage makes it possible to close large trades for users who do not have large amounts of money with them.
In order to protect clients in the Forex market, in civilized countries the legislation provides for the use of a credit leverage with a maximum ratio of one to 30, in exceptional cases 50.
At the same time, UniteCommerce applies a leverage of 1 to four hundred for Forex trading.
Such a ratio is legalized in Switzerland, since companies registered in this country enjoy considerable confidence. However, UniteCommerce is not registered in this state.
In fact, UniteCommerce is not authorized to trade in the Forex financial market with such a credit ratio, due to the high risk to customers. Accordingly, this is only used to force the client not only to invest more of his own funds, but also to drive him into debt.
UniteCommerce Regional Units
It is considered prestigious for any financial firm to have local offices in developed countries, even if the work takes place exclusively in England. So UniteCommerce talks about the fact that in addition to an impressive number of awards, they have local branches in Britain, Australia and other civilized countries, and also about a lot of competent employees.
It is very easy to check the reality of these representations. Since there are specialized structures that control the actions of Internet brokers. In the UK it's FCA, in Australia it's ASIC.
Because of this, a law-abiding firm must have supporting papers from these or other organizations that will prove their right to provide Forex trading services, indicate the degree of responsibility.
And yet, having studied the specialized official sites, our employees did not find them. Which once again reinforces our fears.
For registration on unitecommerce.cc, you need to transfer confidential data
As we reported earlier, UniteCommerce does not have a demo period, and therefore, in order to gain access, you must immediately pay the UniteCommerce criminals a minimum deposit. In addition, creating a unitecommerce.cc personal account is only possible upon completion of identity verification.
This means that UniteCommerce requires its users to provide information such as:
- Information about an individual;
- Data on the permanent place of residence (receipt for a communal apartment);
- Information about qualifications, experience, place of work.
In addition, with the first payment, fraudsters are able to access personal account information.
Together, this information can allow scammers to make a loan to a deceived trader, or to carry out other shadow operations.
Since registration on the unitecommerce.cc website requires the transfer of your personal data, our employees did not get access to the UniteCommerce personal account and Forex trading programs.
Real reviews about UniteCommerce
An important step in exposing UniteCommerce is the analysis of feedback from traders.
Search results analysis gave us the following data:
- Most mentions of UniteCommerce on the web are false. These are the same type of positive reviews and comments of the paid type;
- All real reviews about UniteCommerce are negative. Our experts could not find true reviews from former customers of unitecommerce.cc, which would say about big earnings, effective activities.
- Bad reviews and comments are related to illegal activities, theft of deposits, special creation of credit.
Therefore, UniteCommerce reviews suggest that the online broker in question is a scam.
UniteCommerce contact details and papers
Analyzing the information on unitecommerce.cc, our staff has identified many dubious digital documents that can be easily created using a graphic editor. They are not confirmed by official companies, which means they cannot be trusted.
If an online broker is not associated with regulatory organizations, then there is simply nowhere for traders to turn to for help.
On the "Contacts" page, our employees identified 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 the Forex market online broker? Make sure that you can take away investments from him.
Analyzing the client agreement on the official website of UniteCommerce, our experts did not find clear information about the ways to withdraw earned money. At the same time, our experts found a description of fines for a long period of inactivity of a personal account, but did not find data on their size. Since swindlers do not work in the legal field, it is impossible to challenge these fees.
Therefore, if a trader has finished working with UniteCommerce, they can call and send messages demanding payment of a fine.
How does UniteCommerce work?
The method of finding new customers that UniteCommerce uses also raises concerns.
Fake social media accounts are used for advertising, in which fake bloggers spread information about how they instantly managed to make a profit by making Forex transactions using UniteCommerce. Advertising profiles show expensive cars and real estate, trips to resorts, and other signs of a prosperous life.
Bots promise instant income that does not require learning or a lot of effort.
When a potential user contacts them, UniteCommerce employees talk about the reality of instant earnings, and besides, about some unique features of their services that allow you to immediately earn a solid profit.
After that, all sorts of tricks go into work, making it possible to get the most money from the user. For example, a client can draw a fake profit in order to motivate them to transfer even more money.
If the work on the Forex market becomes unprofitable, the company representative will recommend transferring even more in order to close the debt.
UniteCommerce managers work on algorithms that were developed by professional scammers. Criminals study user information in order to influence specific places, pull out even more investments.
In any case, everything will lead to one of two results:
- If you want to withdraw funds before you are in debt, you will be fined, your assets will be frozen, and everything will be done to force you to transfer more;
- When you give the opportunity to scammers to drive the account into the red, there will be threats, criminals will begin to demand payment of a fake debt.
Another way for UniteCommerce to make a profit is to share your personal information with third parties. We assume that, after that, information about you can be purchased for a small amount on an anonymous service on the shadow Internet.
Surely, because of this, various bandits, sellers, etc. will begin to call you more often. We should also wait for calls from unitecommerce.cc accomplices, who will begin to offer the "return" of lost finances, of course, for payment.
Since UniteCommerce does not operate in a regulated field and remains incognito, unitecommerce.cc cannot be held liable under UK law. The owners of the criminal firm are diligently hiding and, at best, the police will be able to arrest one of the "workers".
Should you work with UniteCommerce?
In no case!
Only if you plan to transfer money to scammers, then it is better to give it to charity.
Let's briefly state the facts that UniteCommerce are criminals:
- No official registration;
- No demo period;
- There is no information about the owners of the company;
- Phone number is seen in fraudulent transactions;
- Negative account;
- Leverage greater than one to fifty;
- Negative reviews;
- False information on the site.
Complete UniteCommerce Review - Finished. Clearly, UniteCommerce are bandits.
You can check out the full list of brokers to bypass.
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