ExchangeUnity: customer reviews on the company’s performance in 2024
Customers without experience in investing often encounter scammers in the financial sector. Some companies, posing as reliable, are actually second-rate “kitchens.” Recognizing a financial scam is not always easy, even for professionals. Today we will examine one of such companies – ExchangeUnity.
What is known about ExchangeUnity?
According to the company’s statement, ExchangeUnity started its operations in 2018 and has managed to establish itself among the world’s online brokers. The company claims that its main goal is to create an environment for customer-oriented trading so that users can earn comfortably. However, detailed information about the company and its successes on the platform is lacking. Most broker reviews have appeared recently.
Checking the domain registration date revealed that the company lied about its experience. In fact, the exchangeunity.pro site was registered on February 3, 2024. The company actively promotes its services online, attracting newcomers.
Users complain not only about financial problems and difficulties with fund withdrawals but also about poor customer support. The company only provides assistance with registration and account replenishment, ignoring traders’ issues with trading and profit withdrawals. The only real contact is an email, which is abused for collecting personal information and spam. Investor reviews confirm this.
Legality of operations and licenses
ExchangeUnity claims to have no licensing issues and has obtained permissions from FCA (UK) and ASIC (Australia). However, there are no documents confirming these licenses on the website. Checking the registers of regulatory authorities showed that the company is not listed among licensed brokers. Additionally, the company claims to be registered in an offshore zone, but there is no official registration even there.
Investing conditions in ExchangeUnity
ExchangeUnity offers access to various assets, including Forex currencies, CFDs on indices, stocks, commodities, cryptocurrencies. However, there is no demo account, forcing traders to risk real funds immediately after registration. The company does not disclose an entry threshold but offers low commissions, competitive spreads, leverage, various tariff plans, and 24/7 support. However, reviews on the company’s solvency are absent.
Company reviews
Despite the relatively short period of operation, ExchangeUnity already has many negative reviews. Users warn other investors about the dangers they have faced and advise avoiding this company.
Deception techniques for newcomers in ExchangeUnity
The company actively uses primitive deception methods, creating the appearance of profitable deals and then blocking users when they try to withdraw funds. Scammers demand payment of commissions and insurance, then block accounts, depriving traders of the opportunity to recover their investments.
Conclusion
ExchangeUnity is a fraudulent company that should not be trusted. Beware of fraudsters offering dubious services without legal grounds. Otherwise, you risk losing your funds.
I am extremely dissatisfied with the broker’s work at ExchangeUnity as their performance in 2024 lacked professionalism, transparency, and effectiveness, which negatively impacted my investments.