UniTrust Venture Review: Are We Faced With a SCAM?

UniTrust Venture - logo
Rating:
1.3

UniTrust Venture is proud of many years of experience, highly qualified managers and a reliable financial system. According to legend, the company is registered in the UK, although it has no documentary evidence. We will conduct an independent review of the broker to form our opinion on the safe or fraudulent nature of trading here.

UniTrust Venture General Information

Website https://www.unitrust-venture.com/
Phone Number +447488872800
Email support@unitrust-venture.com
Address
License
Minimum Deposit $249
Assets CFDs
Leverage 1:200
Trading Platform WebTrader

Registration and Client Portal Review

UniTrust Venture’s website has a standard interface. We see pictures from the photo stock, a minimum of information, and the absence of translation into other languages.

UniTrust Venture - official site

Instead of a history of development, the founders show us numbers that reflect the activities of the company over the past year. For example, the profit reached $83.5 million, and 120,000 trades were executed on the platform.

We do not recommend paying attention to the fantastic performance that the broker boasts. It’s better not to rush to conclusions and look at the site’s functionality.

Registration

So, let’s open an account for trading on UniTrust Venture. You need to fill in a short pop-up form that appears when you click the “Sign Up” button. Enter your personal and contact details, then select your country and preferred currency. Don’t forget to generate a password.

UniTrust Venture - client portal

After entering the data, a rather non-standard client portal opens. Like many other brokers, it has an integrated web terminal. We’ll talk about it later. For now, we note that buying and selling assets in demo mode is not available.

UniTrust Venture provides interesting features:

  • Selection of the visual appearance of the terminal, charts and layout
  • Changing profile data and verification (opened outside your client portal)
  • Operations with deposit and bonus account
  • Latest economic news (given from Investing.com)
  • Wide customization of all software options.

There is even a separate tab for received messages, while writing to the operator yourself is impossible.

UniTrust Venture Trading Conditions

UniTrust Venture works with clients of different skill levels and financial capabilities. According to the broker, there are already thousands of customers.

Account Types Review

To get started, select one of the plans. They differ in the deposit amount and available functions.

Name Minimum Deposit, USD Leverage Margin Loan
Standard 249 1:200 Up to 25%
Silver 470 1:200 Up to 35%
Gold 855 1:200 Up to 50%
VIP 50,000 1:300 Up to 75%
Pro 150,000 1:400 Up to 100%

The uneven deposit amount for the first three accounts is somewhat perplexing. However, it looks simply insane for the other two tariffs.

At the same time, the amount of funds has little effect on the benefit of the service. UniTrust Venture does not disclose the most elementary conditions such as spreads, lots, instrument differences, or swap availability.

Trading Platform

A unique WebTrader is used for trading. It can be opened on any device: PC, smartphone, tablet. Order execution speed is around 25 ms. The client has more than a thousand financial instruments at his disposal, including cryptocurrency.

UniTrust Venture - terminal

In front of the trader, there is a field with a price change chart. On the right side of the panel, you can see notifications or news related to Forex. It’s curious that UniTrust Venture offers truly multifunctional software. Primarily, it has two trading modes:

  • Forex
  • Simplex.

The first mode has a classic layout, familiar to everyone who has seen MetaTrader or standard terminals with CFD trading. The second one is simplified and resembles a primitive platform for trading binary options. Guess where the price will go? Up or down? Nevertheless, these are still the same CFDs.

In addition, there are many functions in any mode:

  • Market and pending orders
  • Take profit and stop loss
  • Risk assessment
  • Drawing tools
  • Technical indicators
  • Timeframes
  • Snapshots and layers.

UniTrust Venture allows you to deeply customize the terminal up to the colors of all objects and line thickness. Finally, TradingView is the source of the quotes.

UniTrust Venture — Deposit and Withdrawal of Funds

According to the broker’s client portal, you can deposit money using bank cards and wire transfers. When depositing and withdrawing, the trader must indicate the same data. Otherwise, managers may not accept the application.

UniTrust Venture does not charge any fees, but third-party payment systems may have them. However, there are commissions for withdrawal:

  • 3,5% for bank cards
  • $20 for bank transfers.

If the withdrawal amount is less than $100, then the broker charges $20 anyway.

Verification

To transfer money to an account, you must first pass a verification. The company asks for standard documents:

  • Identification
  • Residency proof
  • Payment data confirmation.

After the first money transfer, UniTrust Venture will send you a Declaration of Deposits for signature. In some cases, you will also need to sign a Bonus Agreement.

Analytics

For beginners, the broker offers training. It consists of reading materials about the market and analyzing successful strategies. All this is pompously called the Academy and has a broken hyperlink. We found no further signs of learning on the site.

Stocks

The only analytical feature of UniTrust Venture can be called stocks and cryptocurrencies quotes. By the way, economic news from the client portal is also included here. However, both are imported from the public portal TradingView.

Is UniTrust Venture a Scam?

Unfortunately, this international broker is not the best option for trading, judging by the presence of major flaws.

UniTrust Venture does not disclose information about legal documents, names of executives, company addresses, or other important data. The British number should mean that the broker is logically located in the UK.

UniTrust Venture - company search

However, we did not find UniTrust Venture in the Companies House public register. Also, there is no trace of it in the list of licensees at https://register.fca.org.uk/s/.

Unitrust-venture.com Domain Info

The broker invites you to join thousands of other traders around the world. At the same time, we do not know when the company was founded and how many years it has been operating.

Domain check

In reality, the domain was registered in April 2022. Reviews about UniTrust Venture appeared a few weeks ago, and their validity is questioned.

Contacts Review

You can contact the broker by phone, email, or feedback form. UniTrust Venture does not have an online chat. The messages tab in the personal account also does not provide for an initiative from the client.

Pros and Cons

  • No problem with registration.
  • Multifunctional terminal.
  • No demo account for trading.
  • Lack of information about conditions.
  • No legal entity and license.
  • Created in 2022.
  • No address or live chat.
3.4 TOTAL SCORE

UniTrust Venture Summary

UniTrust Venture - favi

Once again, we are faced with a scam. UniTrust Venture does not even try to create the appearance of a real licensed company. What’s the point if you can offer newcomers a beautiful trading terminal and the chance of winning a million dollars? These people only want to steal your money, so avoid them!


Website information content 3
Client Portal 4
Trading conditions 2
Trading platform 7
Deposit and withdrawal 2
Verification 3
Extra options 10
Licenses and guarantees 1
Work duration 1
Feedback 1

Frequently Asked Questions (FAQ)

What Does UniTrust Venture Offer?

You can trade different types of assets.

How Much Money Should I Invest With UniTrust Venture?

The minimum deposit is $249 here.

Is UniTrust Venture Safe?

A financial company without a license from the regulator and a legal entity cannot be called safe.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Tadi

    Not the best service

    UniTrust Venture is pursuing a very strange policy. Before registration, they promised to double the deposit, but they never did this when I transferred the required amount. Charts are constantly slowing down, and slippage is in the terminal. I wrote to UniTrust Venture support more than once with a request to explain the situation. They simply ignored it, if they were there at all.

    Reply
  2. Erner

    Get around them!

    How dare these scammers deceive their customers! Commissions for each financial transaction are huge! And they don’t give anything to withdraw. Since July, each payment application has not passed!

    Reply
  3. Kylie

    I lost over half my deposit with this fake broker

    My history of trading with UniTrust Venture began when a friend at work recommended it to me. He said that he has been working with them for a long time. He showed me screenshots of the payments, which finally convinced me to try. Now I do not understand what he found here at all. The terminal is buggy, quotes are updated with long delays, you are constantly losing profits and there is nothing you can do about it.

    Reply
  4. Sofia

    I was very disappointed

    About half a year ago I traded with this broker. There was a fairly large amount in my account. The company was trustworthy. And at the beginning there were no complaints against it. The withdrawals were quick, and the terminal worked well. And then on one day they froze my profit, so I could not withdraw the rest either.

    Reply