Review of the UniswapTrade Exchange: Independent Evaluation
UniswapTrade, a new player in the market, has attracted a lot of attention with its statements and reviews. To verify the accuracy of the information, we conducted our own research on the platform and the company’s activities.
Main Details and Company Information
UniswapTrade’s social media accounts are active, but no official representation or office has been found. According to documents, the company is registered in Saint Vincent and the Grenadines, although the accuracy of this information is unconfirmed.
Publications describe UniswapTrade as a young but ambitious company, but the actual start date (2022) suggests otherwise. The anonymity of the owners and hidden data on the website raise questions about the platform’s reliability.
Regulation of the UniswapTrade Exchange
UniswapTrade claims to have licenses from various regulators, but no actual documents have been found. There have been no records of a license in The Financial Commission’s registry or other regulators.
- The broker is not listed in the CySEC registry.
- Licenses from GURS and FSA are not confirmed.
- Claims of association with ARB are a myth – the organization is not related to forex brokers.
The lack of strict regulation indicates that UniswapTrade is engaged in illegal activities.
Trading Conditions on UniswapTrade
The exchange offers the same conditions for all clients, regardless of the deposit size. The minimum deposit is $130, and account funding is available in various currencies. The leverage is 1:200, and trading instruments include currencies, stocks, cryptocurrencies, and other assets.
The broker also offers various bonuses and reward programs, as well as promises instant order execution and free training for beginners.
Real Reviews of UniswapTrade
Many similar positive reviews of the company may be fake. However, some clients manage to express their opinion about UniswapTrade’s activities.
Fraud Scheme Using Trading Simulator
Scammers actively attract clients from social networks and persuade them to invest money, promising high profits. By offering a demo account for profit visibility, fraudsters make clients invest more money. As a result, clients lose their funds and end up with blocked accounts.
Final Evaluation of UniswapTrade
Despite the artificially created positive image, UniswapTrade is not recommended as a reliable broker. The lack of regulation and authentic licenses makes it a dubious partner for investments.
My experience with UniswapTrade broker has been a massive disappointment. The platform claimed to provide smooth and secure transactional services but it was the absolute contrary. I faced constant glitches while undergoing transactions which often led to mismanagement of my investments. Furthermore, their payout system was a disaster. It took an excruciatingly long time to process, and in some instances, I even experienced missing payouts. When I tried to reach customer service regarding these issues, the response was unsatisfactory and delayed. The activity analysis provided by them was also very misleading and imprecise, causing me to make some unprofitable trading decisions. Overall, I would not recommend UniswapTrade to anyone considering its unreliable services and subpar user experience.