Unique Exchange Broker Review 2024

Do not place trust in this company. Any claims asserting that this company is not a scam likely originate from fake accounts. Rest assured, this company is fraudulent.

Hello everyone,

Having been with the company for several years, I feel compelled to share my experience, especially with those considering joining. My advice is to exercise caution and await further notice regarding profits. If you're in a rush or looking for immediate returns, perhaps consider exploring alternative options, and if you do decide to proceed, avoid investing significant sums.

Here's the current situation: the company has suspended Bitcoin withdrawals for an extended period, providing justifications that may not be satisfactory. The only withdrawals accepted were in reward credits, or RCs, and even those came with restrictions. We were informed by the company that a new token would be released that would enable purchases on Amazon and streamline withdrawals. However, the reality is different. The token was introduced with each one valued at $15, but now it's depreciated to $4.7, even after an initial launch price of $4.7 during a 7-day internal promotion.

To add to the complexity, the company declared that, until further notice, the internal token price would be 230% higher than its real value for the token's appreciation. This essentially means that while profits are given with a lower token value, if you wish to convert them to money, you'll face a 230% decrease in the token's price.

It's important to understand that the company allocates only 0.3 percent of its daily profits to its clients, retaining the majority for itself. When it comes to boosting the token value, the company seems to utilize shareholders' profits once again.

A successful company thrives when its clients are content. If this company genuinely comprises experienced analysts, they should be aware that certain trading strategies, such as scalping, may not be sustainable. On the other hand, if this resembles a pyramid network, it raises ethical concerns about the impact on the individuals involved.

I share this information with the hope that it proves helpful for those seeking insights about this company.

On August 20th, 2022, I issued a withdrawal request to Unique Exchange, instructing them to transfer my funds back to my bank account with my house bank. The order was acknowledged with a notification that the process could take several days. However, more than 2.5 months later, the money has yet to be received.

I refrain from elaborating on the reasons behind this delay or the circumstances surrounding it. My primary intention is to issue a cautionary note to everyone, advising against investing money with Unique Exchange or its affiliated companies, namely Paraiba and Trilliant. Be cautious and think about other options to prevent possible problems with overall dependability and fund withdrawals.

For over a year now, they have been promoting themselves on Facebook, posing as a platform offering part-time opportunities to earn money by completing order forms from home. But as soon as people get involved, the emphasis switches to putting pressure on them to invest at least R1,500 in exchange for a guaranteed R20,500 return in their account in five days. The person behind this scheme claims to be Frank Kern on WhatsApp but provides an ABSA account under the name A. Snyman (Account Nr. 4106291298, Current Account 632005), asserting to live in Johannesburg.

If you have invested with Unique Exchange, it's highly recommended that you ask for a withdrawal as soon as possible due to the risks associated with using an unregulated broker. However, be cautious, as Unique Exchange might intentionally delay the withdrawal process by providing various reasons, making it difficult for you to find alternative solutions. In such cases, it's crucial to be vigilant and, if necessary, explore avenues to file a complaint to protect your interests.

Given the lack of a transfer for months and unresponsive support that redirects to an inactive Telegram channel, it's reasonable to assume it's a scam. The absence of updates and difficulty in reaching anyone further raise concerns. It is best to stay away from funding such a platform with money. Unfortunately, the experiences with this platform add to the unfavorable impression of investing in the internet industry.

My experience with this broker is mixed, particularly due to my dissatisfaction with their customer support via live chats. I would hesitate to recommend considering opening an account with them, bearing in mind that reviews can vary widely for each broker and experiences are subjective.