UniteCommerce are scammers, don't trust them!
UK-based online broker UniteCommerce is a scam with a notorious reputation.
When we go to the official site of UniteCommerce - unitecommerce.cc, we will find out that this firm provides Forex trading services in Britain. In addition, UniteCommerce offers software for financial transactions.
Our experts studied the UniteCommerce website, got acquainted with the terms of action, tried to get at least demo access to the programs, investigated the existence of documents, the region of registration of the company.
With the help of this information, we will find out: Is UniteCommerce a scam or not?
In addition, we will explain to you how not to get hooked by scammers, about their methods of operation. We will provide the necessary information in order to keep your investments safe.
UniteCommerce organization based in offshore country
A serious signal that unitecommerce.cc are criminals is the region of residence. The company is documented in the Marshall Islands, which is already doubtful, since UniteCommerce operates in Britain. Offshore countries are popular with scammers due to the lack of legislation and control.
In addition, this country does not have the authority to work on the Forex market.
Moreover, when our staff tried to find the legal address, mentions of the owners and management of UniteCommerce, they could not find anything.
This is already demonstrating that UniteCommerce is a fake broker, interaction with which will result in serious financial losses.
Unable to find UniteCommerce directors information
After researching the site, our employees could not find reliable data about the directors of UniteCommerce. No legal address, no phone numbers or other methods of communication.
We think that this means that the current leaders are trying to hide their identities in order to hide from answering for crimes. Even if you manage to contact one of the UniteCommerce employees, then everything will end with this, and the actual leaders of the shadow organization will remain at large with money.
UniteCommerce, official website - UniteCommerce, is less than 30 days old
The UniteCommerce website talks about many years of experience in the Forex market.
The main way to analyze any web site is to obtain information about the domain. Usually, they indicate the age of the domain name, the contact information of its owner.
In this specific case, the UniteCommerce domain name is less than 30 days old, and the legal entity that owns it is classified. More evidence that the Director of UniteCommerce is trying to remain anonymous.
This desire can be supported, but not in those cases when it comes to a company working as an intermediary between the user and the Forex financial market.
In addition to this, unitecommerce.cc assure potential users that they have been trading Forex successfully for many years.
Unitecommerce.cc does not have a trial period
It is a common practice for online brokers to give users a demo version of the software to familiarize themselves with the interface, to try their hand at forex trading with fake currencies.
Unfortunately, on the official site unitecommerce.cc, we did not find information about the test period, the opportunity to try the software.
Most likely, the management of the unitecommerce.cc company simply does not plan to provide users with demo access to a paid service, as someone may begin to suspect something is wrong.
Broker UniteCommerce operates with a negative account
Official organizations that trade in the Forex market do not use a negative balance in their work. In accordance with the laws, an online broker's client cannot spend more than what is currently in his account. In cases where the balance still goes into a negative value, the debt must be repaid not by the user, but by the company that provided the services.
In accordance with this, honest online brokers do not use a negative account in their work.
However, UniteCommerce gives users Forex transactions with a negative account, that is, on credit.
Why is it necessary?
In order to drive the client into debt and start repaying the debt from him. This is one of the most common methods of deception used by scammers.
In the event that this has already happened, you need to know that scammers do not have the opportunity to knock out finances in accordance with UK laws. Absolutely all methods of influencing customers are illegal. The maximum that bandits can do is to disturb with calls, write letters with demands.
You cannot cooperate with UniteCommerce, as all attempts to reach an agreement will result in new losses.
Unitecommerce.cc operates with a credit ratio of one to 400 or more
It is already obvious that UniteCommerce are criminals. Nevertheless, let us point out another fact, namely the existence of an excessively high credit leverage.
The credit ratio is the ratio of the finances of users and brokers when concluding a transaction. Leverage allows traders who do not have access to large amounts of money to make large transactions.
In order to protect traders in the Forex market, in civilized countries, the current legislation requires the use of a leverage with a maximum ratio of 1 to 30, in exceptional cases 50.
At the same time, UniteCommerce uses a leverage of one to 400 to make money on Forex.
A similar ratio is allowed in Switzerland, since organizations registered in this country enjoy high confidence. However, UniteCommerce is not issued in this country.
In fact, UniteCommerce is not allowed to conduct Forex transactions with such a credit ratio, due to the high risk to users. So, this is used to force the trader to give away more personal money, but also to drive him into debt.
Local branches of UniteCommerce
It is considered important for any financial institution to have local offices in developed countries, even if the work takes place only in the UK. So UniteCommerce talks about the fact that, in addition to many awards, they have local divisions in the UK, Australia and other civilized countries, and also about a large number of qualified employees.
It is quite easy to check the existence of these offices. Since profile structures are known that regulate the activities of online brokers. In the UK it's FCA, in Australia it's ASIC.
That is, an official company must have official papers from these or other structures that will prove their ability to provide trading services on the Forex market, indicate the degree of responsibility.
And yet, after checking specialized sites, our specialists could not find them. Which once again reinforces our suspicions.
To register on unitecommerce.cc, you need to transfer personal data
As we mentioned earlier, UniteCommerce does not have a demo period and, accordingly, in order to gain access, you must immediately pay the minimum payment to UniteCommerce scammers. Also, creating a unitecommerce.cc personal account is possible only upon completion of identity verification.
This means that UniteCommerce requires users to submit information such as:
- Information about an individual (passport, driver's license, etc.);
- Information about the permanent place of residence (scans of utility bills);
- Information about the place of work, qualifications, experience.
Also, during the initial transfer, fraudsters are able to access personal account data.
Combined, this data can allow gangsters to hang a loan on a gullible client, or carry out other illegal actions.
Since registration on the unitecommerce.cc website requires the transfer of your confidential information, we did not get access to the UniteCommerce personal account and Forex trading software.
An extremely important point of exposing UniteCommerce is the study of user reviews.
The study of issuance in search engines allowed us to obtain the following data:
- Most of the reviews and mentions of UniteCommerce on the web are fake. These are the same positive reviews and mentions of a paid character;
- All real reviews and comments about UniteCommerce are bad. We were unable to identify plausible mentions and comments from former users of unitecommerce.cc, which would speak of a good profit, successful work.
- Negative reviews are associated with fraudulent activities, theft of finances, creating debt.
This is why UniteCommerce reviews report that this broker is a scammer.
UniteCommerce contact details and papers
After analyzing the information on unitecommerce.cc, we have identified many dubious digital official papers that can be easily made using a graphic editor. They are not confirmed by official companies, which means they cannot be trusted.
If the broker is not associated with regulatory companies, then clients simply have nowhere to turn for help.
On the "Contacts" page, our employees identified a phone number. It turned out that it had already been used by an illegal internet broker. There are also many reviews on the net about fraudulent activities associated with the phone number listed on unitecommerce.cc.
Withdrawing money from unitecommerce.cc
Are you going to make money with the help of an online Forex broker? Make sure that you can take away investments from him.
After reviewing the customer agreement on the UniteCommerce website, our specialists did not find any available information about the withdrawal methods. Also, our experts found mention of fines for a long period of inactivity of a personal account, but did not find data on their amounts. Since the bandits do not work in the legal field, it will not be possible to cancel these requisitions.
Therefore, even if the client has finished working with UniteCommerce, they may begin to call and write messages demanding to pay a fine.
How does UniteCommerce work?
The way UniteCommerce uses to find customers is also alarming.
For promotion, fake social media accounts are used, in which non-existent users spread information about how they instantly managed to get rich by trading on the Forex market through UniteCommerce. Advertising profiles show expensive cars and clothes, trips to resorts and other manifestations of a prosperous life.
Fakes promise rapid earnings, for which you do not need to study or put in effort.
When a potential client gets in touch with scammers, UniteCommerce managers talk about the possibility of instant income, as well as the unique features of their services, which will allow you to quickly make serious money.
Further, various tricks come into play, making it possible to get the maximum amount of money from the trader. For example, a client may be given a small profit in order to motivate them to invest more money.
When trading in the Forex financial market becomes unprofitable, the manager will recommend investing more in order to cover the losses.
UniteCommerce employees work according to manuals that are developed by professional deceivers. Scammers study information about the user in order to put pressure on weak points, lure more investments.
In any case, all this will come to one end:
- When you decide to withdraw funds before you find yourself in the red, you will be fined, banned from using the balance, and will do everything to force you to pay more;
- If you give the bandits the opportunity to drive the balance into debt, threats will fall, scammers will begin to demand to pay off the fake debt.
An additional method to make a profit for UniteCommerce may be the transfer of your personal data to third parties. Most likely, as a result, comprehensive information about you can be purchased for a small amount of money on an anonymous Telegram channel on the shadow Internet.
It is likely that as a result of this, various criminals, sales managers, etc. will begin to call you more often. In addition, you should wait for letters from unitecommerce.cc associates who will begin to offer a "return" of lost deposits, of course, for payment.
Since UniteCommerce does not operate in an official field and preserves anonymity, they cannot be forced to respond under current law in Britain. The owners of the fraudulent organization are diligently disguised and, in the best case, law enforcement agencies will be able to capture one of the "employees".
Can UniteCommerce be trusted?
It is forbidden!
Only if you are going to transfer money to scammers, then it is better to give it to a good cause.
Let's briefly state the facts that testify that UniteCommerce are bandits:
- No official registration;
- No trial period;
- There is no information about the owners of the company;
- Phone number found in fraudulent transactions;
- Negative account;
- Leverage greater than 1 to 50;
- Negative reviews;
- False data on the official website.
Detailed review of UniteCommerce - completed. It is clear that UniteCommerce are scammers.