Company Profile
General Information & Regulation
UNITY TRADE FX is allegedly a Bitcoin mining and forex/CFD broker registered in the United States that claims to provide its clients with a choice of various pricing plans. Here is the home page of this brokers official site:
As for regulation, it has been verified that UNITY TRADE FX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.22/10. Please be aware of the risk.
Market Instruments
UNITY TRADE FX advertises that it mainly offers Bitcoin mining and forex/CFD trading.
Pricing Plans
UNITY TRADE FX claims to offer four plans: Basic, Standard, Optima and Premium for Bitcoin mining trading; as well as another four plans: Beginner Plan, Advanced Plan, Luxury Plan, and Legend Plan for forex/CFD trading. The minimum initial deposit amount to start a plan for Bitcoin mining trading is $300, $1,000, $5,500 and $10,000 respectively; while for forex/CFD trading, the minimum initial capital requirement is $200, $1,500, $15,000 and $50,000 separately.
Deposit & Withdrawal
UNITY TRADE FX says to accept payments via Bitcoin, Bank transfer, Skrill, Perfect Money, Western Union and MoneyGram. The minimum initial deposit requirement is said to be $200, while there is no mention of what the minimum withdrawal amount is. The broker says that withdrawals are free and are generally processed instantly, in rare cases withdrawals can be processed manually and take longer.
Bonuses & Fees
UNITY TRADE FX claims to offer a deposit bonus for different pricing plans. In particular, a 5% deposit bonus for the Beginner Plan, 10% for the Advanced Plan, 12.5% for the Luxury Plan and 20% for the Legend Plan, yet we cannot be sure if the bonus can be withdrawn without any limitation.
In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Also, the broker also charges an account maintenance fee. However, the broker didnt directly reveal more details.
Customer Support
UNITY TRADE FX‘s customer support can be reached by email: support@unitytradefx.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. Company address: 223 Grangemouth Road Coventry West Midlands UK CV6 3FF, 1010 Avenue of the Moon New York, NY 10018 US. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
Risk Warning
Online trading involves a significant level of 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 contained in this article is for general information purposes only.
