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IuniTrade

Denmark|2-5 years|
Suspicious Scope of Business|High potential risk|

https://iunitrade.com/index.html

Website

Rating Index

Contact

+ 447448235441
support@iunitrade.com
https://iunitrade.com/index.html
Hyde Park House Business Centre, Manfred Road, Putney, London SW105 2RSk

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+ 447448235441

Broker Information

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Company Name

IuniTrade

Company Abbreviation

IuniTrade

Platform registered country and region

Denmark

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-06-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

IuniTrade · WikiFX Survey

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IuniTrade · Company Summary

Note: IuniTrades official site - https://iunitrade.com/index.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

IuniTrade Review Summary
Registered Country/Region Denmark
Regulation No Regulation
Market Instruments Forex, CFD, Indices, Metals, Energy
Demo Account Not Mentoned
Leverage 1:400 for Ultra Account
1:500 for Elite Account
1:300 for ECN Account
Spread From 1.6 pips for for Ultra Account
From 2 pips for Elite Account
From 3 pips for ECN Account
Trading Platform Not Mentoned
Minimum Deposit $10
Company Address Hyde Park House Business Centre, Manfred Road, Putney, London SW
Customer Support Tel: + 447448235441; Email: support@iunitrade.com

What's IuniTrade?

IuniTrade is an unregulated online trading platform that offers various market instruments, including Forex, CFDs, Indices, Metals, and Energy. The platform provides leverages up to 1:500 and spreads starting from 1.6 pips, allowing traders to access different financial markets and capitalize on market movements.

IuniTrade

Pros & Cons

Pros Cons
  • Multiple Market Instruments
  • Unregulated
  • Flexible Leverage Ratios
  • Official Website Unavailable

Pros

  • Multiple Market Instruments: IuniTrade offers a wide range of market instruments,including Forex, CFD, Indices, Metals, Energy.

  • Flexible Leverage Ratios: This broker offers leverages up to 1:400 for Ultra Account, 1:500 for Elite Account and 1:300 for ECN Account.

Cons

  • Unregulated: IuniTrade is not regulated, which increases risks for clients as the company doesn't have to adhere to any established financial standards nor offer protections typically required by financial regulators.

  • Official Website Unavailable: IuniTrade's official website is currently unavailable which is unable to provide any further information.

Is IuniTrade Legit?

  • Regulatory Sight: Wise 4X is currently not regulated by any recognized financial authority. Traders should exercise caution and conduct thorough research before engaging with Wise 4X.

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Market Instruments

IuniTrade offers a variety of market instruments for trading, including Forex, CFDs, Indices, Metals, and Energy. These instruments allow users to speculate on the fluctuations in the prices of these assets, potentially earning profits through trades. Traders can utilize these instruments to diversify their portfolios and hedge against market risks.

Forex, or foreign exchange, is the market where currencies are traded. Traders speculate on the fluctuation in exchange rates between different currencies, with the aim of making a profit.

CFDs, or Contracts for Difference, are derivative products that allow traders to speculate on the price movements of financial instruments such as stocks, commodities, and indices without actually owning the underlying assets.

Indices are portfolios of stocks that represent a particular market or sector. Traders can speculate on the movement of an index by trading index CFDs, which offer exposure to the performance of the overall market or specific sectors.

Metals, such as gold and silver, are popular commodities for trading due to their intrinsic value and status as safe-haven assets. Traders can speculate on the price movements of metals by trading metal CFDs.

Energy refers to commodities such as oil, natural gas, and electricity. Energy markets can be highly volatile, influenced by factors such as geopolitical events, supply and demand dynamics, and weather patterns. Traders can speculate on the price movements of energy commodities through energy CFDs.

Leverage

IuniTrade provides varying leverage options for different account types, offering leverages up to 1:400 for Ultra Accounts, 1:500 for Elite Accounts, and 1:300 for ECN Accounts. While high leverage can magnify gains, it also significantly raises the level of risk involved in trading, as losses can exceed the initial investment. Traders should exercise caution when utilizing leverage and ensure they have a thorough understanding of how it works and the associated risks.

Account Types Leverage
Ultra Account 1:400
Elite Account 1:500
ECN Account 1:300

Spreads

IuniTrade features spreads starting from 1.6 pips for Ultra Accounts, from 2 pips for Elite Accounts, and from 3 pips for ECN Accounts. Spreads represent the difference between the buying and selling prices of a tradable asset and serve as a source of revenue for brokers.

While tighter spreads can be advantageous for traders, particularly for frequent traders and those employing strategies sensitive to transaction costs, it is essential to consider other factors such as trading conditions, execution speed, and overall trading costs when evaluating a brokerage.

Account Types Spread
Ultra Account From 1.6 pips
Elite Account From 2 pips
ECN Account From 3 pips

Trading Platform

We couldn't find any trading platform information about this broker. However, there are public platforms such as tradingview, MT5 and MT4 that have served many clients worldwide. If you didn't want to spend time familiarizing yourself with a new platform, you could choose public platforms. The choice is yours.

Customer Support

IuniTrade offers comprehensive customer support to its clients.Clients can reach out to IuniTrade through various channels.

  • Telephone: Clients can call their number + 447448235441 for any queries.

  • Email: The firm offers assistance through email at support@iunitrade.com.

The company also provides its physical address, Hyde Park House Business Centre, Manfred Road, Putney, London SW.

Conclusion

In conclusion, IuniTrade is an unregulated finacial broker offering a range of market instruments, leverages, and spreads tailored to different types of trading accounts. Traders can access Forex, CFDs, Indices, Metals, and Energy markets through the platform, with leverage options up to 1:500 and spreads starting from 1.6 pips. While these features may appeal to traders seeking diverse trading opportunities, it is essential for users to exercise caution, conduct thorough research, and be aware of the associated risks when engaging in trading activities.

Frequently Asked Questions (FAQs)

Question: Is IuniTrade regulated?

Answer: No. IuniTrade is not regulated.

Question: What market instruments does IuniTrade offer?

Answer: Forex, CFD, Indices, Metals, and Energy.

Question: What's the leverage offered by IuniTrade?

Answer: IuniTrade offers leverage up 1:400 for Ultra Accounts, 1:500 for Elite Accounts, and 1:300 for ECN Accounts.

Question: What's the spread offered by IuniTrade?

Answer: IuniTrade features spreads starting from 1.6 pips for Ultra Accounts, from 2 pips for Elite Accounts, and from 3 pips for ECN Accounts.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

User Reviews

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WJ38631
more than one year
I've had a brief experience trading with IuniTrade and overall, I think they're a decent broker. While their spreads were on the higher side, I didn't experience any slippage or other major issues. Their platform was easy to use and their customer support was fairly responsive. So, I would give them a solid 3-star rating based on my experience.
2023-03-28 21:25
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0
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田凤莲
more than one year
The spread on IuniTrade is too high and I can't trade cryptocurrencies. I prefer companies that offer a wide variety of trading products so I can trade from one stop. Goodbye, IuniTrade...
2023-03-07 14:59
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0
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