UNFXB Exposed: Vanishing Profits & High Spreads Frustrate Traders

Not feeling satisfied with the welcome bonus offer of UNFXB? Finding it hard to receive withdrawals from the broker despite repeated attempts? Does your trading profit vanish suddenly? Are high spreads draining your capital? Do you also face account closure issues with UNFXB? You have added to a long list of traders who have faced these issues. In this article, we will talk extensively about these issues. Take a look!

Top Complaints Against UNFXB

Profit Vanishes Suddenly, Account Closure Surprises

The sudden vanishing of profits leaves traders stunned, and rightly so, as they have to plan and implement a wide range of trading strategies. Seeing all of them vanish overnight is a tough pill to swallow. Adding to the woes is the account closure surprise. Here is one trader who wrote a long review explaining a list of problems that affected his trading experience at UNFXB.

Hidden Spread Makes for a Complicated Trading Experience

Traders also witness high and hidden spreads that significantly increase the amount payable while opening positions and reducing the profit number when closing positions. It makes for a complicated and not-so-good trading experience at UNFXB. Sharing the screenshot where a trader has expressed this concern.

The Broker Scams Traders and Does Not Respond to Their Queries

Traders keep getting scammed in the name of trading challenges. One trader expressed that the broker took $290 million from him for a $50K funded account. As a result, the trader completed the challenge. But little did he know that he was going to be scammed soon. Check out his words against the UNFXB scam.

Profit Withdrawals Dont Seem Apparent for Traders Here

Getting access to profit withdrawals is very rare at UNFXB. A lot of traders have complained about this issue affecting their overall trading experience. Here is a screenshot sharing this concern.

The Score for UNFXB

The biggest red flag with UNFXB is that it is not licensed by any competent regulatory authority. Despite being operational for over two years, the Mauritius-based forex broker does not carry a valid license to conduct forex business. As a result, the WikiFX team could only give it 2.08 out of 10.

Join WikiFX Masterminds - Where You Know Successful Forex Strategies

Here is how you can do it.

1. Scan the QR code placed right at the bottom.

2. Download the WikiFX Pro app.

3. Afterward, tap the ‘Scan’ icon placed at the top right corner

4. Scan the code again.

5. Congrats, you have become a community member.