Unicorn Finance Review 2024
Website: fxuf.com
Min. Deposit: US$ 200
Leverage: 1:100
Trading Platforms: MT4
Regulation: ASIC
Headquarters: Australia
Founded: 2014
Regulatory Licenses:
- Unicorn Financial Investments Pty Ltd - authorized by ASIC (Australia) registration no. ACN 617 372 320 - not active
In a Snapshot
Updated on February 5, 2024
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At Broker Insight, our review methodology for evaluating brokers is comprehensive and multi-faceted, ensuring a well-rounded analysis. We start by examining the broker's regulatory compliance and background, assessing the security and reliability of their operations. This is followed by a thorough evaluation of the range and diversity of trading instruments and markets offered, as well as the variety and suitability of account types available for different trader profiles. We delve into the trading platforms and tools provided, focusing on user experience, functionality, and technological robustness. Fees, spreads, and overall cost structure are scrutinized for transparency and competitiveness. A key component of our review involves testing the effectiveness and responsiveness of customer support. Additionally, we consider the ease and efficiency of the deposit and withdrawal processes. Finally, we incorporate real user feedback and the broker’s community reputation into our assessment to present a holistic and unbiased review that serves as a valuable resource for traders seeking reliable and insightful broker evaluations.
Unicorn Finance stands as a prominent online trading service provider, with its headquarters nestled in Australia and a branch in Hong Kong. The firm specializes in margin trading for Forex and Contracts for Difference (CFDs), offering robust support and guidance for those eager to embark on trading journeys. Leveraging award-winning Electronic Communication Network (ECN) technology, Unicorn Finance secures deep liquidity from leading banks, ensuring low spreads for its traders. The company's global operations span across the Asia Pacific, Middle East, North Africa, Europe, and South America, delivering seamless trading experiences without re-quotes and swift market execution through the industry-leading, secure MetaTrader4 platform. Catering to investors of varied sizes and strategies, Unicorn Finance extends its services to institutional and corporate clients as well. Our comprehensive research and expert financial trading insights further illuminate the offerings of Unicorn Finance, urging potential traders to stay abreast of the latest Unicorn Finance Updates.
Is Unicorn Finance Scam or Safe? ▲
Concerning regulatory compliance, Unicorn Finance, established in Australia, adheres strictly to the directives of one of the most stringent authorities, the Australian Securities and Investments Commission (ASIC). This affiliation not only guarantees a high standard of operations but also ensures a secure trading environment for the company’s clientele. Additionally, clients' funds are safeguarded through segregation in top-tier banks such as Barclays, National Bank of Australia, and the Commonwealth Bank of Australia, further reinforcing the legitimacy and safety of trading with Unicorn Finance.
Unicorn Finance prides itself on providing access to the MetaTrader4 platform, renowned for its reliability, security, and comprehensive trading tools. This platform facilitates efficient market analysis, automated trading through Expert Advisors (EAs), and access to advanced charting and trading tools, catering to both novice and experienced traders. Additionally, Unicorn Finance enhances the trading experience by offering a suite of additional tools and resources to aid in making informed trading decisions.
Accounts, Fees, and Leverages ▲
Unicorn Finance offers a variety of account types to suit the diverse needs and strategies of its traders. From standard accounts for beginners to more advanced offerings for seasoned traders, each account is designed to provide flexibility in terms of leverage, spreads, and minimum deposit requirements. The broker maintains competitive fees and low spreads, ensuring cost-effective trading. Detailed information on account specifications, including leverage options, can be found on the Unicorn Finance website, allowing traders to make informed choices tailored to their trading goals.
Customer Service and Support ▲
Dedication to customer satisfaction is a hallmark of Unicorn Finance. The broker offers comprehensive customer service and support, ensuring that traders can access assistance whenever needed. This includes a responsive customer support team available through multiple channels, including phone, email, and live chat. Furthermore, Unicorn Finance provides a wealth of educational resources and training materials, empowering traders with the knowledge to succeed in the competitive world of online trading.
The Instruments offering from Unicorn Finance encompasses the most sought-after foreign currency pairs with spreads as low as 0.1 pips, global stock indices starting from a spread of 0.25 points, gold trading at a mere 10 cents spread, and energies trading without any commission charges. Unicorn Finance makes a concerted effort to maintain these low spreads even during periods of market volatility, providing an added advantage to traders.
The commitment of Unicorn Finance to customer support is unwavering. Since its inception, the broker has dedicated itself to delivering an exceptional experience to its clients, fostering smooth cooperation and striving to achieve mutual goals. Complimentary education is provided, offering trading guidelines that cover technical and fundamental analysis along with market psychology, through personal lessons or webinars. This educational content is designed to cater to both novices and seasoned traders.
Furthermore, Unicorn Finance regularly provides technical and market analyses, empowering traders with the confidence to navigate market movements. Daily account managers prepare market reports that are aimed at highlighting trading opportunities and offering assistance tailored to individual transaction requirements.
Over the years, Unicorn Finance has been recognized with international awards and honors, attesting to its competitive products and the high quality of its service.
Unicorn Finance Trading Platforms ▲
Unicorn Finance has established a strategic partnership with Equinix, leveraging optical fiber connections to ensure the fastest possible connectivity. As with many ECN providers, Unicorn Finance offers the MT4 platform, which incorporates zero MT4 bridging technology. This technology is capable of managing a large volume of market participants and orders simultaneously.
Enhancements made to the MT4 platform by Unicorn Finance include a background management function that aids in evaluating the value of positions and in the liquidation of those positions. The MT4 platform is also renowned for its comprehensive technical analysis capabilities and for its intelligent trading systems.
Traders can access fast quotes and low spreads for trading FX and CFDs across a variety of device-compatible versions, including PC, iOS, and mobile devices.
In collaboration with Trading Central, a leading market information and trading signals provider, Unicorn Finance enriches the trading experience. Trading Central offers support for trading decisions with patented pattern recognition technology and an independent second opinion option. The Multi-Asset coverage extends to over 75,000+ instruments, augmenting trading strategies and portfolio diversification. All these advantages are integrated into the MT4 platform features, ensuring they are readily accessible to traders at any time.
Unicorn Finance offers a unique approach to setting up trading accounts. Initially, customers are required to fill out an online form, after which accounts are fully customized based on the applicant's profile. This customization allows for the provision of institutional, VIP, or corporate accounts, each tailored to meet the specific needs and conditions requested by the client. It is important to note that, in compliance with CFTC regulations, Unicorn Finance is unable to accept clients residing in the United States and certain other global jurisdictions.
Deposit and Withdrawal Methods ▲
Unicorn Finance accommodates a diverse array of common payment methods, including Bank Wire Transfers, Credit or Debit Cards, and e-payments through platforms like Skrill, POLi, and China UnionPay. However, due to jurisdictional differences and specific policy applications, clients are advised to consult the appropriate office to verify the availability of these deposit or withdrawal methods. This consultation can also provide information on any varying fees and guidelines that may apply. Additionally, Unicorn Finance has expanded its payment options by introducing its own MasterCard, offering traders the convenience of transferring funds directly between their trading account and the card.
Conclusion on Unicorn Finance ▲
Unicorn Finance has demonstrated itself as a noteworthy company in the online trading sphere. Featuring ECN technology, it offers traders access to a deep liquidity pool with competitive pricing as low as 0.1 for currencies. This is complemented by rapid execution speeds and the powerful capabilities of the industry-renowned MT4 platform. Beginners in trading will find value in the available educational materials and ongoing support, while experienced traders can benefit from advantageous trading conditions. All of these features are underpinned by stringent regulation and operational standards, making Unicorn Finance a viable option for traders across a wide range of countries, supported by the broker’s extensive range of services and international offices.
Recent investigations and updates have revealed that Unicorn Finance and its associated entity, Unicorn Financial Investments Pty Ltd, have ceased operations and are no longer providing client services or trading activities. Furthermore, the company's website is currently up for sale and inactive, indicating no plans for future service renewal or operational continuation. Additionally, the ASIC license previously held by Unicorn Finance has been revoked. Based on our extensive experience in trading, spanning over a decade, and prioritizing the safety of investments, it is advisable to steer clear of offerings from Unicorn Finance. Instead, traders should consider more reliable brokers with top-tier regulations and favorable conditions, such as BDSwiss, HFM, or FP Markets.
