If you deposit money and do not trade enough of it, UNIPRIME can keep 10% of your balance when you ask for it back. Its anti money laundering policy sets the same charge at 5%, so you cannot tell from the documents which one you will pay.
Why this matters
You need 5 traded lots for every $1,000 you deposit just to get your own money out whole. Fall short and the broker keeps one tenth of it, and nothing in the contract says who decides which percentage applies.
Exhibit 1Every flagged clause gets its own number so you can point at this one. The number does not change, so a link to it keeps working.CriticalHow much this clause can cost you, in our reading. Critical can take your money or your profit. Warning can delay or limit it. Notice is simply worth knowing before you sign.Rarely seenHow ordinary this wording looks next to the contracts we read. This is our reading of the clause, not a count of other brokers.10%The figure this clause puts a number on, taken from the broker's own words.
According to anti-money laundering regulations, if a user deposits funds into a broker without conducting any trades and intends to make a withdrawal, it is considered using the broker as a money transfer service. The broker is entitled to deduct 10% of the amount when processing the withdrawal request. (For every $1000 deposited, you must have executed a minimum of 5 lots of trades.)
Buried at section 124 of 138 in the TERMS & CONDITIONS, 90% of the way through.We counted the numbered sections in the TERMS & CONDITIONS. This clause sits in section 124 of 138, about 90% of the way through. A fee written on the first page and the same fee written near the end are not the same disclosure.
Firms licensed by the FCA or CySEC must disclose all costs and charges to a retail client before they trade, and must give them in cash terms. UNIPRIME publishes two different percentages for the same deduction in two different documents.
UNICORN is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.
- Worse together with Exhibit 15Read these two clauses together. Each one costs more because the other exists.One withdrawal can carry the 10% volume deduction and the separate 5% banking fee at the same time.
- Worse together with Exhibit 16Read these two clauses together. Each one costs more because the other exists.The deduction applies to the only exit route you are allowed, because money must leave by the method it arrived.

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