Unifi Forex is a foreign exchange and contract for difference (CFD) broker that was registered and established in Australia on June 6, 2023. It primarily offers financial trading services to investors in forex, indices, and commodity CFDs. The company is headquartered in Sydney. The broker's official website primarily supports English-language services and does not provide CFDs to residents in certain jurisdictions such as Afghanistan, Hong Kong, Belgium, Japan, the United States, and other regions.
Corporate Background and Regulatory Status:
The registered entity of Unifi Forex in Australia is UNIFI FOREX PTY LTD, with the company's registered address at THE PONDS NSW 2769, and an ABN number of 99 668 571 499. According to Whois information, the broker's website domain was registered on January 28, 2002.
Unifi Forex's official website does not disclose its regulatory information. Upon inquiry, it was found that the broker is not regulated in any jurisdiction, indicating a lack of regulatory oversight for its forex trading and brokerage activities.
Account Opening:
To open an account with Unifi Forex, you need to first register and log in on their official website. During registration, you need to provide your name, personal email, country, and phone number. The broker will send a verification code via email, which you must enter to complete the registration. During testing, there were issues with delayed receipt of the verification code, and clicking "resend" resulted in errors on the website.
Account Types:
Unifi Forex offers three different types of real accounts: Standard Account, Zero Account, and PRO Account.
- Standard Account requires a minimum deposit of $5, offers spreads starting from 1.8 pips, and does not charge commissions.
- Zero Account requires a minimum deposit of $1,000, offers raw spreads, and charges a $10 commission per lot traded.
- PRO Account requires a minimum deposit of $10,000, offers raw spreads, and charges a $5 commission per lot traded.
Specific information regarding maximum trading leverage, available trading instruments, trade volume ranges, and maximum position sizes is not provided on the broker's official website.
Trading Platform:
Unifi Forex offers the Vertex trading platform, which includes both web and mobile versions.
Deposits and Withdrawals:
Unifi Forex supports deposits and withdrawals via bank wire transfer, credit cards, and blockchain. The minimum deposit and withdrawal amount is $50, and there are no fees associated with these transactions.
Customer Support:
Unifi Forex offers customer support through phone at +64224651612, email at info@btcdanaglobal.com, and an online contact form on their official website.
Summary:
Traderknows advises investors that Unifi Forex is an unregulated forex broker, which means there is no regulatory oversight for trading on this platform. This lack of regulation can potentially lead to issues with fund security and limited avenues for addressing problems or disputes. Traderknows recommends that investors choose trading platforms that are regulated and have a strong reputation. Currently, the broker is marked as "operating illegally" on Traderknows.
