Unique Review of Unlimited Banking System Company
Are you dreaming of a successful partnership with a reliable broker? In this case, it’s better not to deal with the Unlimited Banking System, as this dishonest intermediary doesn’t play by the rules. Users fall for the company’s cunning tricks, dazzled by promises of round-the-clock support, high-quality software, accurate quotes, and minimal fees. Instead, they end up with banned accounts and empty wallets. Why is cooperation with the Unlimited Banking System dangerous and ineffective? All of this is discussed in our review.
Broker Information in Detail
According to scammers, the company was founded in 2013 by high-class experts, and by 2015, it had developed a unique terminal. According to their claims, currently, the Unlimited Banking System serves over 400,000 investors worldwide, transmitting to them a total amount of $39 billion.
However, research shows that the domain unlisystem.com was only created in December 2023, contradicting previous statements. Information about millions of clients is not available. The main office of the alleged scammers is located in Switzerland. In fact, this is where UBS is located, but the real one. UBS is a leading Swiss financial holding company, while the dubious enterprise simply borrowed the name.
Criminal elements prefer not to communicate with their clients, so they offer them fake contacts. How to contact the scam support service via email is a big question.
Legal Basis Analysis
According to agreements, the pseudobroker is owned by VRT GROUP LTD, registered in Switzerland under number 110989. A detailed search did not lead to a complete match.
In addition, the company claims to operate in accordance with the laws of the Marshall Islands. However, this is an offshore territory, so one should not expect proper regulation of the situation. Corporate activities here are controlled by the dubious PIPSEC, covering five jurisdictions. It is currently unknown whether PIPSEC is active, as its website now hosts an online casino.
Company Offer for Clients
After registration, traders get access to more than 17,000 assets, including digital and fiat currencies, indices, stocks, and commodities. Only 4 tariffs are offered here with conditions:
- minimum deposit — from $250,
- bonuses for the first replenishment,
- weekend tech support,
- personal assistant (provided with Platinum and VIP tariffs),
- educational video materials,
- up to 1:400 leverage, which raises concerns,
- up to 15 risk-free trades.
There are educational courses on the website for beginners, specialists, and cryptocurrency enthusiasts. Access to the content, which is 99% empty promises, is only available after registration. The founders emphasize their own trading terminal. They assure clients of the accuracy of quotes, the promptness of transactions, and a full set of tools for capital management. However, our community knows the true purpose of this software.
Company Reviews Overview
There are few reviews of the Unlimited Banking System at the moment. This is understandable since the company is just starting to gain the trust of clients, telling them fairy tales about future financial prosperity. In reality, cooperation with scammers will only lead to problems, as evidenced by the opinions of former scam clients.
Features of the Fraudulent Scheme
There is no demo mode on the platform because scammers do not want to release victims with hidden funds; they prefer to persuade them to use their “generous” leverage. The goal is to make the client a hostage to circumstances and put them in a crisis situation.
Final Word
Do not expect honesty from the founders of the Unlimited Banking System, as this ideal is foreign to them. Invest your time in finding a more reliable company that genuinely cares about its clients. Pay attention to the broker’s licensing and carefully study reviews about them.
My experience with Unlimited Banking System was incredibly frustrating. Firstly, their customer service was appalling. Waiting for hours on the phone without any assistance was a frequent occurrence. When I finally did reach someone, their level of professionalism was abysmal. Secondly, their platform isn’t user-friendly; navigation was highly convoluted, making transactions unnecessarily complex.
On top of everything, the hidden fees and charges were outrageous, causing me to question the transparency of their operations. Lastly, the trading advice they provided was oftentimes incorrect and led to several substantial losses. I would not recommend Unlimited Banking System to anyone seeking a reliable and professional brokerage service. Proceed with extreme caution.