Hi Cora35,
Thank you for your message.
Our team have evaluated Unicorn Forex Broker, or UNFXB, and would exercise caution before depositing funds.
The reasons we have concerns are as follows:
- Unicorn Forex Broker is registered offshore with ‘red tier’ regulators (financial bodies with a reputation for lax investor safeguards), notably the Financial Services Authority of Saint Vincent and the Grenadines (FSA).
- Unicorn Forex Broker is not well-known in the online trading industry, especially compared to well-established, highly-trusted brokers like IG and Interactive Brokers.
- While it’s true Unicorn Forex Broker offers a bonus of up to $3000, I read the terms and conditions and these funds cannot be withdrawn. It’s also worth calling out such incentives are banned in many tightly regulated trading jurisdictions.
James Barra