Exchangeunity has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to FX-FLAT. We’ve received over 4 complaints against Exchangeunity.
ExchangeUnity claims worldwide forex brokerage leadership, but lacks transparency and regulatory oversight, casting doubt on its authenticity. The website provides no corporate information or legal documentation, and the Saint Vincent and the Grenadines address implies further risk. Investors should pick licensed brokers with clear ownership, extensive legal documents, and reliable platforms such as MetaTrader.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Exchangeunity Regulated? Do They Have a License?
ExchangeUnity, or Exchange Unity, claims to have gained global leadership in the forex brokerage market in just a few years. However, variations in branding and a lack of transparency cast severe doubt on the legitimacy of these claims. In this review, we’ll look at the many features of ExchangeUnity and explain why investors should be cautious and prefer more reliable investing intermediaries.
One of the most troubling characteristics of ExchangeUnity is its utter lack of regulatory control. The website contains no information on the broker’s company, and there are no Terms and Conditions, Customer Agreements, or other important documents available. Legitimate brokers often disclose precise information about their regulatory status, ownership, and offer access to extensive legal documents.
The provided contact address in Saint Vincent and the Grenadines (SVG) is a well-known offshore location with little governmental control, implying additional hazards. Additionally, Russian financial regulators have issued warnings against ExchangeUnity, indicating that the broker is unlicensed.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Exchangeunity might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Exchangeunity, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Exchangeunity
To ensure a secure trading experience, choose brokers regulated by reputable institutions such as the Commodity Futures Trading Commission (CFTC) in the United States, the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the United Kingdom, or the Cyprus Securities and Exchange Commission (CySEC) in the European Union. These regulators enforce customer safeguards such as negative balance protection and fund segregation.
ExchangeUnity claims to provide powerful trading platforms such as cTrader, but user experience suggests otherwise. After registration, users do not have access to cTrader or any other functional trading software. Instead, the platform supplied is a rudimentary and insufficient copy of genuine trading software.
Legitimate brokers provide dependable and feature-rich trading platforms like MetaTrader 4 (MT4) and MetaTrader 5. These platforms are industry standards, distinguished by their vast features, customization options, automated trading capabilities, and mobile versions.
ExchangeUnity does not reveal its minimum deposit requirements. In contrast, top brokers such as FP Markets, XM, and HFM have minimal minimum deposits to accommodate new traders.
At the time of writing, the deposit menu on ExchangeUnity’s website was inactive, making it difficult to confirm available payment options. Experience has shown that dodgy brokers frequently advocate traditional payment methods while ultimately pushing consumers toward bitcoin transactions. This method ensures anonymity while making it difficult for fraudulent clients to reclaim their payments. Reputable brokers provide a choice of transparent payment options, including bank transfers, credit/debit cards, and well-known e-wallets such as PayPal, Skrill, and Neteller.
ExchangeUnity promises to provide trading in currency pairs, cryptocurrencies, energy, precious metals, and stocks. However, considering the website’s anonymous nature, there is no reason to believe these assertions. Genuine brokers provide extensive information about trading circumstances, such as spreads, commissions, and leverage choices.
ExchangeUnity offers tight spreads and minimal commissions but does not provide any specific details. Reputable brokers, on the other hand, clearly describe trading charges and provide a variety of account kinds to accommodate different traders.
ExchangeUnity provides leverage of up to 1:500, which is much more than what regulated brokers give regular traders due to the considerable risks involved. Regulated brokers often limit leverage to safeguard retail traders from excessive losses. High leverage is typically reserved for experienced traders with strict capital and experience requirements.
The lack of publicly posted Terms and Conditions or Client Agreements on ExchangeUnity’s website highlights potential pitfalls such as hidden fees and unfair withdrawal conditions. In contrast, registered brokers offer transparent and reasonable withdrawal rules with no hidden fees.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
Exchangeunity Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Exchangeunity Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Exchangeunity might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Exchangeunity reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Exchangeunity, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Exchangeunity enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Exchangeunity reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Exchangeunity.
You should always look out for consumer complaints. In the case of Exchangeunity, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Exchangeunity? You can share your complaint in the comment section or submit an anonymous tip.
Is Exchangeunity Legit Or a Scam?
Given these considerations, it is best to avoid ExchangeUnity and instead look at brokers regulated by respectable agencies that provide transparency, dependable trading platforms, and strong client protections.
Exchangeunity is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Exchangeunity can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Exchangeunity?
All the evidence suggests that Exchangeunity might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
Is Exchangeunity a scam?
What is the best alternative to Exchangeunity?
Where is Exchangeunity Located?
Are there any Exchangeunity complaints?
How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
