UniForex Information
UniForex, a licensed Money Services Operator, started its business in Hong Kong since 2002 and offers foreign exchange services to both individual and business clients. Their offerings include as Money Exchange Services, Collection FX Services, BankNotes Wholesales, Global Remittance, Complete Dealer Solutions, etc.
Pros and Cons
Is UniForex Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
What Can I Trade on UniForex?
UniForex offers a comprehensive suite of forex solution services to its clients.
- Money Exchange Services: Competitive rates for buying and selling over 45 currencies, including major and rare currencies from Asia, Africa, and Latin America. UniForex ensures competitive exchange rates with no commission or handling fees.
- Collection FX Services: Onsite currency collection tailored for businesses like money changers, hotels, and retail stores.
- Global Remittance: Fast international money transfers with options for same-day transfers and expert handling of volume deals, all backed by a robust tracking system and insured cash delivery.
- Banknotes Wholesales: Specializing in volume deals for money changers and financial institutions, ensuring reliable supply and attractive rates.
- Complete Dealer Solutions: Customized services for banks and financial institutions, focusing on efficient and tailored currency management.
- Online Tracking System: Real-time tracking for transfers, ensuring transparency and security.
The broker sets a limit of up to HKD 8000.00 for remittance at the retail counter and HKD 120,000 for non-transfer services.
Payments can be processed by cash, transfer and cheques, third party transfers are not allowed. And realptime rates for remittance and banknotes can be found at https://www.uniforex.hk/Rate/rate.html.
Customer Support Options
Traders can contact UniForex by phone, email, fax and office address.
In addition, social apps such as Skype and Gtalk are also available as supplementary support channels.
The Bottom Line
In summary, the broker offers foreign exchange services to both individual and business clients from the globe. Their offerings include as Money Exchange Services, Collection FX Services, BankNotes Wholesales, Global Remittance, Complete Dealer Solutions, etc. However, the absence of regulation is a taint anyway.
Take full investigations before deciding to trade with the broker and ensure you can accept all the drawbacks.
FAQs
Is UniForex safe?
Not really, the company is not regulated by any authorities so far.
Is UniForex good for beginners?
Yes, their money exchange services and global remittance are suitable for everyone who has needs in forex transfers.
What services does UniForex provide?
UniForex offers forex solutions services such as Money Exchange Services, Collection FX Services, BankNotes Wholesales, Global Remittance, Complete Dealer Solutions, etc.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
