UniqueGraphs, the broker that boasts limitless trust from traders. However, let’s not be too quick to believe that entrusting your money to them is a wise choice. It’s essential to delve deeper into the reviews and experiences of others before making any financial commitments. So, let’s explore whether this company truly lives up to its claims or if it’s a scam.
- UniqueGraphs General Information
- Registration and Client Portal Review
- Trading Conditions
- Account Types Review
- Trading Platform
- UniqueGraphs — Deposit and Withdrawal of Funds
- Additional Options
- Is UniqueGraphs a Scam?
- Legal Information and License
- Ugraphs.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
UniqueGraphs General Information
|Leverage||Up to 1:400|
Registration and Client Portal Review
The UniqueGraphs website falls short in several aspects. One glaring issue is the lack of comprehensive legal information, making it difficult to find out the broker’s legitimacy and regulatory status. This absence of transparency immediately raises concerns about the safety of your funds.
Furthermore, the website design appears unpolished and amateurish, lacking the professionalism we would expect from a reputable broker. The layout is cluttered, making it challenging to navigate and find essential information. It’s evident that little effort has been invested in creating an intuitive interface.
Another notable drawback is the limited language options available on the website. With just three languages – Russian, Polish, and English – there is a significant gap in catering to a diverse international clientele.
Registration on UniqueGraphs initially appears to be relatively straightforward. You simply need to fill out a form with your personal information, and it is theoretically not necessary to enter a promo code. However, accessing the client portal proved to be a challenge for us. UniqueGraphs informed us that an error occurred during registration and requested that we try again later, citing either unusually high traffic or a configuration issue. It is quite unfortunate that we were unable to explore the Client Portal for this review.
UniqueGraphs offers trading of CFDs on a diverse range of assets, including currencies, indices, metals, stocks, and more.
Account Types Review
The broker provides three types of accounts: Silver, Gold, and Platinum, following a naming tradition. However, what is unconventional is the lack of detailed information about these accounts. We noticed the absence of minimum deposit requirements for each account. Only leverage and swap discounts are mentioned. Additionally, there is a mention of accompanying services, for example, exclusive webinars for Platinum account holders. Surprisingly, the FAQ section also lacks substantial information on these account conditions. It is rather peculiar that UniqueGraphs has taken such a casual approach in describing these account features.
UniqueGraphs takes a similar approach when it comes to describing their trading platform. They claim to offer a web trader, presenting it as original and advanced software with numerous capabilities. However, they do not allow users to verify its features as there is no demo account available. In addition, the company offers a downloadable desktop application and a mobile app. However, it remains unclear what kind of software it is. Whether it’s an original development or provided by a third-party remains a mystery. Therefore, as you may already know, we do not recommend installing software of unknown origin.
UniqueGraphs — Deposit and Withdrawal of Funds
UniqueGraphs offers several options for depositing funds, including credit and debit cards, as well as bank transfers. While these methods seem convenient, the broker fails to provide detailed information regarding any associated fees or charges. Additionally, there is a notable absence of mention regarding the processing times for these transactions.
UniqueGraphs requires traders to undergo a verification process. It typically involves providing the broker with certain documents, such as identification proof, address verification, and potentially additional financial information. These documents are submitted through a Client Portal or by email. Once the submitted documents are reviewed and approved by the broker’s team, your account is verified, granting you access to full trading privileges.
Among the additional services, UniqueGraphs provides a partnership program where traders can become affiliates or representatives of the company. The rewards and compensation for participating in the program may vary, although the exact details and commission structure are not explicitly described on the website. Additionally, UniqueGraphs claims to offer analytical services. However, it’s worth noting that the quality and effectiveness of the provided analytics may not be of top-notch caliber.
Is UniqueGraphs a Scam?
At first glance at the footer, it became abundantly clear to us that we were dealing with a scam. Let’s delve into the details to support our viewpoint.
Legal Information and License
UniqueGraphs claims to operate according to the rules of the European Economic Area (EEA). However, here’s the catch: if that were truly the case, the footer would include a comprehensive disclaimer with legal information, the percentage of trader losses, and a license number. As you might have guessed, none of this information is present on their website. Furthermore, offering leverage of up to 1:400 blatantly contradicts regulations within the European Economic Area.
UniqueGraphs remains completely anonymous, refraining from disclosing the full name of the managing company and failing to provide any substantiation of their right to offer brokerage services. It seems like they’re hiding more than just their identity. Perhaps they believe anonymity is the latest trend in the financial world, or maybe they’re just fans of hide-and-seek. Either way, it’s certainly not a reassuring sign for traders seeking transparency and legitimacy.
Ugraphs.com Domain Info
UniqueGraphs claims to have been operating since 2017. However, this assertion couldn’t be further from the truth. We conducted a domain check to determine when this scam first emerged. It turns out that it is still quite young and fresh, as it was launched on April 19, 2023. So, their alleged years of experience evaporate like smoke when faced with a simple investigation.
UniqueGraphs provides a contact phone number and email for communication purposes. However, they conveniently omit any physical address, which is not surprising since they don’t have an office to speak of. Interestingly, their phone number appears to be an English one, but it is more likely just an online number. This suspicion is further supported by the fact that there is no trace of such a company in the United Kingdom’s registry.
UniqueGraphs uses remote desktop software such as TeamViewer and AnyDesk. However, this practice raises significant red flags and further reinforces suspicions of fraudulent activities. The use of such software in the context of a broker-client relationship is highly unorthodox and potentially dangerous. It provides the broker with unauthorized access to the client’s computer, which poses serious security and privacy risks. Scam brokers have been known to exploit this access to manipulate trades, misappropriate funds, or extract sensitive personal information.
Pros and Cons
- Trading conditions are not described in detail.
- No legal data.
- Lack of proper registration.
- No license.
- The short period of operation.
Frequently Asked Questions (FAQ)
UniqueGraphs offers a range of trading services, including access to CFDs on various financial instruments such as currencies, indices, metals, and stocks.
Unfortunately, the broker doesn’t disclose this information.
No, UniqueGraphs is a scam without proper regulation and license.