Unix Broker Review: Clone scam
Unix Broker claims to be operated and owned by Z Line Corporation Ltd, which is an offshore enterprise based in the Marshall Islands.
Offshore zones don’t have any forex regulatory authority, which means UnixBroker is an unregulated non-legit broker and doesn’t possess a legal license to offer forex financial services.
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UnixBroker has only mentioned the account types it is offering to the clients for trading and the leverage levels of each account.
It has not mentioned any details regarding the minimum deposit amount of each account or spreads. The three types of accounts are:
- Silver Account: The leverage level offered on this account is 1:200 with no swap discount.
- Gold Account: The leverage level offered on this account is 1:300 with a swap discount of 25%.
- Platinum Account: The leverage level offered on this account is 1:400 with a swap discount of 50%.
Is it safe to invest in Unix Broker?
The broker has not mentioned any information on its regulations on the website.
This means that UnixBroker is not liable to report to any regulatory authority.
It is also not answerable to anyone for the way it handles client’s trading funds.
This is too risky on the part of the customers as they are trading with an enterprise that lacks customer protection and security of funds.
This only implies that this broker is a scammer that wants to take advantage of people.
It is always better to choose forex brokers that are regulated by the world renowned regulatory boards such as CySEC or FCA.
UnixBroker is offering its clients a bonus scheme which is nothing but a trap to attract customers to invest money with them.
The bonus scheme is associated with a requirement in which customers are asked to trade the amount equal to the bonus amount divided by four.
Although the requirement is easy to achieve, there’s still an additional withdrawal condition of the minimum trade volume.
UnixBroker is an unlicensed, unregulated, and unauthentic offshore broker like other scammers.
If you choose this broker to make your trades with, you will surely be scammed as it can’t be trusted.
You can’t make money with an unregulated scammer because it will not even allow you to withdraw a single penny.
Do not allow yourself to be scammed.
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