Alert: Stay Away from the Scam Investment Firm - Unique Trade Market

Unique Trade Market is also a scam reported for its malpractices on multiple platforms, including WikiFX. We believe it to be a fraudulent firm and advise investors not to open an account with them.

Unique Trade Market - A Quick Overview

Unique Trade Market is a funds management company based in the United States. The company claims to offer multiple investment plans with a return on equity as high as 300% within seven days. According to the firm, it has shown consistent performance over the years and has become one of the most successful businesses in the forex trading and investment markets. The minimum amount to join the firm is $300, and the company accepts payments via Perfect Money, Payeer, and Bitcoin. Clients can reach the company over the telephone, email, and web chat.

Is Unique Trade Market Regulated？

No! Unique Trade Market is not regulated anywhere in the world. With its head office in the U.S., it claims to be a registered firm in the U.K. However, the company doesn't appear on the FCA register as well.

Why Do We Believe Unique Trade Market Is A Scam？

Unique Trade Market has various reasons to be considered a confirmed scam. First, the registration of a US-based firm in the U.K. seems odd. Why wouldn't a firm register in its own country first？ Obviously, to escape away easily if ever get caught.

Secondly, the firm claims to be a listed funds management company dealing in forex and crypto investments. However, it neither disclosed its ticker nor provided any information about its exchange.

Third, the company claims to offer insane returns over just a week. However, it doesn't talk about its investment and risk management policy. Forex and crypto markets are highly volatile, and nobody can ever be so sure of making huge returns over such a short period. Only scammers make such claims to lure investors and take money out of their pockets.

Fourth, the organization claims to have a team of expert portfolio managers but doesn't reveal their identity.

Fifth, when you visit the company's website, a pop-up message alerts clients to only deposit funds to the company account and not to any of their fund managers' accounts. Here the question arises as to why the company even wants investors to deposit funds in its account.

Typically, funds management companies work in collaboration with brokers and require clients to fund their accounts with trusted brokers instead. Then, clients share their accounts' login credentials with the fund management firms with restricted authority to trade on their behalf. On the other hand, if an investment firm asks for direct deposits, then it is a confirmed scam, and by doing so, you might lose your investment forever.

Lastly, the U.S. Securities and Exchange Commission (SEC) has marked the company as an unregistered soliciting entity and cautioned investors to stay away from it.

Bottom Line

One of the most crucial procedures for safeguarding your money from fraudsters is studying or investigating brokers. WikiFX strives to keep looking for scam brokers and highlight them to help investors stay protected. However, you must also thoroughly research your prospective broker or investment firm before signing up.