Unique Market Funds has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Unique Market Funds changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Real-time alerts|API access|Professional team|Stable platform
Cons: No integrated tax optimization|Search feature is basic
The hidden fees at Unique Market Funds are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Risk management tools|Quick verification
Cons: Search feature is basic
Unique Market Funds has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Comprehensive tools|Risk management tools
Cons: Withdrawal takes 1-2 business days
My card was charged twice by Unique Market Funds on the same day. I had to dispute it with my bank. Unique Market Funds 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: Copy trading available|Instant funding|Full transparency|High security standards
Cons: No live chat on mobile|Live chat only during business hours
I was about to invest with Unique Market Funds but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises