UniSmartMove has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
UniSmartMove 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: Stable platform|Easy to use platform|API access
Cons: Would like more payment methods|Withdrawal takes 1-2 business days
I want to warn everyone about UniSmartMove. They have been flagged by Financial Services and Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive
UniSmartMove offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Clear documentation|Multiple order types|Economic calendar
Cons: Limited cryptocurrency options
UniSmartMove had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Tax reports included|Good analytical tools|Smooth onboarding
Cons: None so far|Email notifications too frequent
The mobile app from UniSmartMove is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Easy to use platform|Good analytical tools|Clean UI|Excellent charting
Cons: Slow to add new assets
Several red flags with UniSmartMove: (1) They promise unrealistically high returns, (2) They're not registered with Financial Services and Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Financial Services and Markets Authority|Cannot verify credentials
I have been trying to close my account with UniSmartMove 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: Clear documentation|Social trading features|Market news feed
Cons: Wish they had more educational resources|No dark mode on mobile
If you are reading this considering UniSmartMove - run. I wish I had read more negative reviews through my accountant's suggestion. I thought the positive ones were real. Maybe some are. My experience over for the past six months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Clear documentation|Fast execution
Cons: Limited social trading features|Alert system is basic
For anyone considering UniSmartMove, please be aware that this company has been flagged by Financial Services and Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
The only good thing about UniSmartMove is that they remind you why regulation matters. I found them from a review site like this one. 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: Detailed reporting|Reliable uptime|Segregated accounts
Cons: No live chat on mobile|Limited social trading features