UNICORN FOREX BROKER

Important Information about UNFXB

UNFXB (Unicorn Forex Broker), a Global Forex broker created 2016, has grown dramatically due to its multi-market access and ability to social trade, making it an obvious choice for a broad range of investors. However, the lack of regulatory clarity is still a concern for the broker with regards to client fund protection and transparency.

History of UNFXB

Based out of Unicorn Brokers Holding, UNFXB combines 18+ years of experience in the field. Since inception, the company has been registered and established in numerous places around the world, including Mauritius, Saint Vincent and the Grenadines, Saint Lucia, Canada, Cyprus, Afghanistan, Turkey, and Australia, although information on both the founder(s) and the company's level of financial transparency is limited.

What UNFXB Offers

Types of Trading/Investment Instruments

UNFXB offers its clients access to:

1,400+ different charts

300 – 400+ different types of cryptocurrencies

Standard forex pairs or pairs with stocks, indices, and commodities

This gives investors an exceptional opportunity to create a diverse portfolio through just one platform.

Types of Accounts & Services

While not providing exact technical account descriptions or layout, UNFXB does offer the ability to:

Invest via Copy trading

Receive help on investment via various programs

Gain rewards for non-trading based activity

Methodology of Trading

According to UNFXB's own statements, the broker utilizes an NDD (Non-Dealing Desk) execution model. However, according to some clients of the broker, there are reported issues with both executions and slippage.

Status of Licenses and Regulatory Compliance

UNFXB has multiple registrations, however the company does not have any confirmations of licenses from large regulators. This means that traders do not have the same types of protections regarding things like Fund Segregation or Compensation Schemes.

Registration Numbers and Legal Jurisdiction

Mauritius (UNFXB Ltd) 177815 AC - Registered Entity; Not Licensed by the Mauritius FSC

Saint Vincent and the Grenadines 26505 BC 2021 - IBC; Has No Forex Regulation License

Saint Lucia 2024-00028 IFC - Registered IBC; Has No Financial Regulatory Authority

Canada BC1223308 - Registered Corporate Entity; No Financial License

Cyprus HE415055 - Registered Corporate Entity; No CySEC License

Afghanistan 70645 - Registered Corporate Entity; No Financial License

Turkey - Unknown Registration Number; Registered Corporate Entity; No Financial License

Australia - Unknown Registration Number; Registered Corporate Entity; No ASIC License

Safety Rating: 1.40 out of 10, High Risk

Trading Costs and Conditions

As there is a lack of specific information available, it is difficult to put an accurate value on the costs.

Cost – Trading Conditions

Spreads – Not Publicly Given

Leverage – Not Stated; Most Likely Variable

Minimum Deposit – Not Given

Commissions and/or Fees – No information

Platform:

MetaTrader 5 (MT5) Supported

Copy trading available

Reports of slippage and slow executions by some clients

Summary of Fees

Type of Fee – Comments

Deposit Fees – Not Given

Withdrawal Fees – No Information

Inactivity Fees – No Information

Other Fees – No Disclosure

Due to the lack of transparency, traders may find other hidden costs.

Reputation/User Experience

Overall, most feedback about UNFXB is negative because of:

Execution Issues

Little Transparency

Questionable Regulatory Status

While some positives of UNFXB include:

Diversity of Instruments Available

MT5 Access

Global Accessibility

Opportunity to Social Trade

Several sources warn that UNFXB may be unsafe or possibly an outright scam.

Recent Developments

As of 2024-2025, the company has no major developments or improvements with regulatory bodies and they continue to build their registration base without receiving licensing.

Conclusion

The wide variety of trading instruments and access to the MT5 trading platform make UNFXB attractive to traders looking for variety. Unfortunately, the lack of a regulatory license, poor disclosures regarding fees, and reliability issues make UNFXB a significant risk to traders, therefore it is recommended that traders proceed with caution and choose brokers who have shown proven oversight and transparency.