Uicex has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The only good thing about Uicex is that they remind you why regulation matters. I found them after doing extensive research. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Demo account available|Personal attention|Two-factor authentication|Risk management tools
Cons: Mobile app could be improved|Wait times can be long during peak hours
Uicex has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: API access|Segregated accounts
Cons: Account statements could be more detailed|Onboarding videos are outdated
I am in a dispute with Uicex over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Instant funding|Personal attention|Great customer service|No hidden fees
Cons: Account statements could be more detailed|No dark mode on mobile
I was contacted by Uicex through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
My card was charged twice by Uicex on the same day. I had to dispute it with my bank. Uicex then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Portfolio tracking tools|Dividend tracking
Cons: Website design could be more modern|Help articles are sometimes vague
I have been trying to close my account with Uicex for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Stable platform|Quick verification|Great customer service|API access
Cons: Minor UI glitches occasionally
I was about to invest with Uicex but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
The so-called education at Uicex is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about ten months thinking they would help me learn.
Pros: Stable platform|Full transparency|Intuitive for beginners
Cons: No phone support on weekends|Alert system is basic