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
- Verification
- 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
| Website | https://ugraphs.com/ |
| Phone Number | +441618181608 |
| support@unqgraphs.com | |
| Address | — |
| License | — |
| Minimum Deposit | — |
| Assets | CFDs |
| Leverage | Up to 1:400 |
| Trading Platform | WebTrader |
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.
Trading Conditions
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.
Trading Platform
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.
Verification
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.
Additional Options
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.
Contacts Review
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.
More Details
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
- None.
- 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.
I learned about this wretched and despicable scam company from online reviews while searching for a new broker for trading, as my previous one, where I used to trade, was becoming more and more restrictive and providing worse service.
In the praising odes about this scam, I read such tales that it piqued my interest. How could UniqueGaphs be such a great broker, and I had no idea about it? But as soon as I visited the official website and saw that there was absolutely nothing there and the conditions were not as described by the bribed bloggers and authors of fake reviews, I realized that I had no business there. There was no point in even registering an account. I closed the site without revisiting it.
Now I just want to warn all newcomers, because experienced traders like me would immediately recognize that they want to screw them over and take their money. Don’t do it. Don’t invest your money here. They will deceive and cheat you, and you won’t see your funds again.
My sad story began when these scammers contacted me themselves.
Although I had no interest in trading, they showed me payment screenshots that made me drool. Of course, who wouldn’t dream of easy money? I had a sum saved up for a car, and I invested all $5,000 with full confidence that I could withdraw the remaining amount in case of failure. However, it all ended miserably. UniqueGraphs didn’t allow me to withdraw a single cent. They stole everything. They froze my account and everything that was on the balance.
UniqueGraphs didn't initially instill much confidence in me.
An old acquaintance convinced me that UniqueGraphs was reliable and honest, and that I had nothing to worry about. Unfortunately, that wasn’t the case. After depositing $1,000, I discovered that UniqueGraphs deducted $200 upon registration and then squeezed me with additional fees, making it impossible to generate any profits. If I had known this beforehand, I would never have dealt with these penny-pinchers. But now it’s too late, and I can’t withdraw anything. Thanks to my acquaintance who simply earned money from me through their referral program.
Do not touch this site
I started to invest about two months ago and everything went well and now I have a balance of $16,000 dollars. The problem arose when I asked to withdraw £10,000. Firstly, they asked for £2,000 to cover 20% income tax which my “manager” had already told me about. They said they could not give me £8,000 as it “did not work that way”. So I had to give them an additional £2,000. Did they release the funds? of course not. The financial dept. had given me a loan of £850 to cover access to more profitable trades. and they wanted that paid also before releasing the funds. My manager had not told me about this one. So I sent the £850. They put it in the wrong account and it was now in my main account. I had to send them another £850 which they said everything was good and my manager said the funds would be released today. Afraid not. they then discovered that because my account had accrued £2,340 in “swap” taxes which was totally out of the blue, I would only be getting £7831 and I would have to pay the £2,340 before the £7831 would be released. I don’t have that money anywhere. Even if I did, how do I know what they would think of next? My manager is useless. He should have advised me of all the addons. KEEP WELL AWAY FROM THIS LOT
The top of my nightmare is when I received a IncomeTaxBill from the IRS (US treasure) !
Hi Bryce, the same is happening right now to me … and I did even worst because I went until my balance showed 64’000$ before thinking of a withdraw of 30’000$. Through coinbase : I had to buy 1 ETH pro 10K meening 7’500$ for the cash-flow !!! My manager did’nt tell me thisbefore ! Released to binance, but .. you guess.. everything went wrong and my monney back on my main account, incl the cash-flow. At that time I thougt, well I didn’t loose it that’s great. But .. ! Pretexting binance and coinbase are not safe with me, the financial dept said to my manager to close my account with a withdrawal to my own bankaccount. Well, why not … I spend a lot of time in front of my computer thoses past 6 months, my account was by now 76K$, perfect. Nexts steps, but as you guess they don’t tell you about it : broker fees 5000$, exchange fees (usd-chf) 3000$, bank fee 10% 7700$ … twice bcz for the first try, I came to late and a part of the fees came back to my main account : 84’000$ ^.^ Then they change the bank (Sparkasse Karlsruhe and then Westmünsterlant). LAST BUT NOT LEAST … when you think, this is the end and by tomorrow or the day after you’ll get you monney SUPRIZE : Pat we are in a big shit ! German bank reported your income to the IRS, as we trade on US exchange, and you have a bill of 15 % to pay before releasing your funds, in 2 days : 12’000$ !!!! is there any bank account on the bill ? NO. Is there any toll-free number ? NO. I try to reach the IRS … wait 26min and finaly hang up without talking to someone. Next day 7h15 I got a phonecall of the IRS …supposed… who threatend me and warn me about penalties and fees if I did’nt pay within 2 days !! I was so schocked that I didn’t take the name of the guy !! I try to have one last friend to lent me these 12K … by chance he said no !! Now I will expose this scam to a lawer and contact the german bank to have my monney released ! Cross your finger with me please !
Biggest mistake
I have been trading with UniqueGraphs since May 2023. After ups and down I made some profit. I submitted my request to withdraw 80,000 USD on September 8, 2023. This was not all profit but most of it is my investment from loans I made. Approximately $50,000 was left in my balance to cover my outstanding positions. Since the day of my withdrawal request until the time of this writing, I have not received the money. On the contrary, I have actually accumulated more loans and sent to pay off repeated tax and commissions.
It is no exaggeration to say that investing with Ugraphs/UniqueGraphs has been the worst decision I have ever made in my life. It has turned my life upside down. It has not only taken all my savings, it has broken me into pieces, and dropped me to the lowest point of my life. I was not living luxuriously, I work hard and earn enough to support my family but now I am living to pay my debts off. I don’t have any money with me, though I seem to have plenty sitting in the platform that I could never ever withdraw. I experienced the same: repeated tax, commission, German Bank Sparkasse Karlsruhe. Ugraphs contact details are not reachable.
Is there a way I can share you more details to build this fraudulent case stronger. This has got to stop.