Breaking: UNIQ MARKETS freezes the trader’s account and blocks the withdrawal request fraudulently.

Recently, WikiFX received a complaint from a trader against a broker called UNIQ MARKETS. We think this broker is getting involved in a scam as this broker freezes the trader‘s account and stops responding to the trader. It is our responsibility to air UNIQ MARKETS’s dirty laundry to the public.

What is UNIQ MARKETS？

UNIQ Markets is a forex and CFD broker that caters to traders globally. Established recently within one year, the company offers a wide range of trading instruments, including forex, cryptocurrencies, stocks, indices, and commodities. Traders can access these markets through the MetaTrader4 (MT4) platform, known for its advanced features and user-friendly interface.

UNIQ Markets provides two account types to meet the needs of different traders, including Standard and standard swap-free accounts. The minimum deposit required to open a mini account is $25. In terms of leverage, which is an essential aspect of trading, UNIQ Markets offers traders leverage up to 1:500.

UNIQ Markets claims to assist traders 24 hours to solve any questions or issues they may have. Traders can gain customer support through email, live chat, and social media on the website.

Is it Legit？

According to WikiFX, we can see that UNIQ MARKETS is not regulated by any regulatory institution. Thus, UNIQ MARKETS is an unregulated broker. It is a red flag as investing in an unregulated broker is extremely risky because no one can hold it accountable if something goes wrong.

Details

In a concerning turn of events, a trader has come forward with claims of UNIQ MARKETS engaging in potentially fraudulent activities, alleging that the platform froze his account and blocked withdrawal requests without valid reasons. The victim, who shared his experience with WikiFX, shed light on the distressing series of events that unfolded.

The trader revealed that the ordeal began innocuously when he attempted to initiate a withdrawal. Initially, the withdrawal request was approved, but the process inexplicably dragged on for an additional week. However, it was during his third withdrawal attempt that trouble emerged. The trader was met with rejection and began receiving emails from UNIQ MARKETS citing suspicions regarding their account activities.

Despite these notifications, the trader's access to the platform remained intact, albeit with significant limitations. The trader were able to continue trading, albeit exclusively within the confines of their existing balance. In a bid to address the issue, the trader sought assistance from UNIQ MARKETS' customer service, only to be met with vague assurances that their case was under review.

Frustratingly, the trader's attempts to ascertain a timeline for the review process were consistently evaded, with the customer service team deflecting their inquiries. The situation took a more alarming turn when an email arrived, notifying the trader that the account had been frozen. Subsequent attempts to log in proved futile, as access had been abruptly revoked.

(information of the victim)

Even after the account was frozen, the trader continued to reach out to UNIQ MARKETS through email, desperately seeking clarity and resolution. However, these attempts proved to be in vain, as the platform failed to provide any meaningful response.

This distressing account sheds light on the trader's unfortunate experience with UNIQ MARKETS, raising questions about the platform's transparency, accountability, and commitment to fair trading practices. Such allegations of freezing accounts and impeding withdrawal processes not only damage the trust between traders and platforms but also undermine the integrity of the trading industry as a whole.

UNIQ MARKETS now faces scrutiny as the trader's story gains attention. The community and authorities alike are watching closely, expecting the platform to address these allegations promptly and transparently. As the situation unfolds, it serves as a stark reminder for traders to exercise caution and due diligence when choosing trading platforms, ensuring that their hard-earned investments remain protected and secure.