UNITRADE MARKET Review

About UNITRADE MARKET

UNITRADE MARKET, operating under the trading name “UNITRADE MARKET” with the domain unitrademarket.com and a listed address at 8 St James’s Square, London, SW1Y 4JU, is not authorised to provide financial services in the United Kingdom according to a published warning from the Financial Conduct Authority (FCA) dated 19 February 2024. The FCA explicitly states that the firm may be providing or promoting financial services or products without permission and warns investors against dealing with it. Customers would not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) in the event of a dispute or firm failure ().

Additional reporting confirms that the entity—claimed to be Unitrademarket Ltd with the domain unitrademarket.com—makes false claims of being authorised by regulatory bodies such as the U.S. National Futures Association (NFA) under licence number 0556107, claims which are explicitly false per the FCA notice (). Independent sources also indicate that the broker lacks any valid licence from recognised authorities and operate with high potential risk ().

Pros and cons

Pros

• Offers a variety of tradable asset classes including forex, stock indices, commodities, bonds, cryptocurrencies, and stocks (as per third-party summarisation) ().

Cons

• Unauthorised to provide financial services in the UK—FCA warning issued 19 February 2024 ().
• False claims of regulation by NFA with nonexistent licence number; the NFA has no record of such authorisation ().
• Lacks any verifiable licence or regulation from renowned financial authorities—no regulatory oversight ().
• High-risk profile noted by multiple independent platforms, with advisory to avoid; trust ratings are low to medium risk ().