Unicorn FX's official website is temporarily unavailable for unknown reasons, so we can only gather some relevant information for reference only.
Overview of Unicorn FX
Founded in 2020 and headquartered in the UK, Unicorn FX has quickly made its mark in the world of online trading. Unicorn FX is designed to cater to traders of all backgrounds, offering a minimum deposit of £250. Unicorn FX is its commitment to transparency. The platform adheres to a maximum leverage of 1:30 for retail clients, ensuring responsible trading practices.
Unicorn FX offers a wide range of trading platforms to suit traders' preferences, including MetaTrader 4, MetaTrader 5, and WebTrader. These platforms are known for their user-friendly interfaces, advanced charting tools, and automated Expert Advisors (EAs) for trading. Traders at Unicorn FX can access a wide range of tradable assets, including forex pairs, stock CFDs, indices, commodities, and cryptocurrencies. The platform offers two distinct account types, Standard and ECN, to suit different trading styles.
Market Instruments
Unicorn FX offers a range of financial products and services to cater to the diverse needs and preferences of its clients. Let's delve into these products specifically: Investing
:
Registration Process: Unicorn FX emphasizes a user-friendly and straightforward registration process. Clients can easily register online, minimizing administrative hurdles and allowing them to start their investment journey quickly.
Market Liquidity: Unicorn FX acknowledges the importance of market liquidity in investing. The high market liquidity of the forex market means that clients can easily invest their funds and withdraw them when needed. This liquidity ensures that investments remain flexible and accessible.
Trading:
Forex Trading: Unicorn FX understands the growing popularity of forex trading. Clients have the opportunity to participate in the buying and selling of various currencies to earn profits. The forex market is one of the most liquid financial markets globally, with over $6 trillion in daily trading volume.
Low Barrier to Entry: Unicorn FX makes trading accessible to a wide range of individuals. Traders can start their trading journey with just $20, making the forex market accessible to people of different budget sizes.
Wealth Management:
Resources and Support: For individuals who are just starting out in investing or may be unsure about their financial decisions, Unicorn FX offers comprehensive resources and a dedicated support team. These resources are designed to provide clients with the knowledge and tools they need to make informed investment decisions.
Research Focus: Unicorn FX places a strong emphasis on research as an essential component of wealth management. We encourage our clients to conduct thorough research to make informed investment choices. The platform provides the necessary infrastructure for clients to open accounts and embark on their wealth management journey.
Account Types
RXBT offers three distinct account types, each tailored to meet the different needs and preferences of traders: Standard, Pro, and Premium.
Standard Account:
TheStandard Account at Unicorn FX is designed with accessibility in mind, making it an ideal choice for traders who are just starting their journey in the world of online trading. With a minimum deposit requirement of $100, it caters to individuals with varying budget sizes. Traders opting for the Standard account can benefit from competitive leverage of up to 1:500, providing them with the potential to amplify their trading positions. Spreads for this account type start from 29 pips, providing a balance between trading costs and flexibility.
Pro Account:
The Pro account at Unicorn FX is tailored for traders seeking more advanced features and tighter spreads. It has high leverage, also up to 1:500, and requires a minimum deposit of $100, making it suitable for traders with varying experience levels. However, the main difference lies in the spreads, with spreads starting from 24 pips for Pro account holders, potentially providing better trading conditions for those who prioritize tighter spreads.
Premium Account:
The Premium account at Unicorn FX is designed for traders who require premium trading conditions and are willing to commit to a higher minimum deposit of $500. This account type offers an equally competitive leverage of up to 1:500, providing ample trading potential. What sets the Premium account apart is its spreads, starting from 19 pips, which may enhance the trading experience for those who value reduced trading costs.
Leverage
Unicorn FX offers a maximum leverage of up to 1:500, allowing traders to control larger market positions with a relatively modest amount of capital. While this high leverage can potentially enhance profits, it also carries greater risk by amplifying potential losses.
Leveraging wisely is crucial. Traders must establish a robust risk management strategy, including setting stop-loss orders to limit potential losses and avoid excessive leverage. Understanding how leverage affects trading positions is crucial for making informed and prudent trading decisions.
Unicorn FX's generous leverage presents opportunities for traders seeking to optimize their market participation. However, a cautious approach coupled with a clear trading plan is crucial for effective risk management in leveraged trading.
Spreads and Commissions
Unicorn FX offers a versatile trading experience with customized variable spreads suitable for various account types, ranging from 19 pips to 29 pips. This adaptability allows traders to choose an account that aligns perfectly with their unique needs.
What's even more appealing is that Unicorn FX does not charge any commission on any of its accounts. This policy enhances the overall cost-effectiveness of trading on their platform. With competitive spreads and commission-free trading, Unicorn FX provides traders with a convenient and budget-friendly environment to achieve their financial goals in the global market.
The trading platform
offered by Unicorn FXMetatrader 5 (MT5) is a versatile and very popular platform designed in 2010. While its predecessor, MetaTrader 4 (MT4), is commonly associated with forex trading, MT5 extends its capabilities to a broader range of financial markets. Here's a closer look at the features and benefits of the MT5 trading platform:
Multi-Market Compatibility:
MT5 is not limited to forex trading; It can also be used to trade in various other markets. This includes cryptocurrencies, commodities, indices, stocks, and more. This versatility allows traders to diversify their portfolios and explore different asset classes.
Customization:
One of the standout features of MT5 is its high level of customization. Traders can customize the platform to suit their individual trading preferences. This includes customizing charts, indicators, and trading strategies to provide a personalized trading experience.
User-Friendly Interface:
MT5 is known for its user-friendly interface, making it accessible to both novice and experienced traders. Its intuitive design and layout make navigation and order execution simple.
Advanced Technical Analysis:
The platform offers a comprehensive suite of technical analysis tools and indicators. Traders can conduct in-depth technical analysis to make informed trading decisions. This includes various chart types, timeframes, and drawing tools.
Deposits and withdrawals
Unicorn FX typically offers a range of payment methods for depositing and withdrawing funds from your trading account. These typically include:
Credit/debit cards: You can fund your account using major credit and debit cards like Visa, MasterCard, and more. Transactions are usually processed quickly and securely.
Bank Transfer: A bank transfer involves sending funds directly from your bank account to your trading account. While this method may take longer to credit the funds, it is a safe option for larger deposits.
E-wallets: Unicorn FX may also support e-wallet services such as Skrill, Neteller, or other similar platforms. E-wallets offer fast and convenient transactions.
Other Online Payment Methods: Depending on your region and Unicorn FX's specific offering, there may be other online payment methods available, such as online payment processors or local payment options.
Deposit and withdrawal fees
Unicorn FX does not charge any deposit fees. However, certain withdrawal methods, such as bank transfers, may incur associated fees.
The minimum deposit and withdrawal amount
at Unicorn FX is £250. The minimum withdrawal amount is £20.
Customer Support
Unicorn FX prioritizes customer support to ensure that traders can receive assistance when needed. Here is a description of the customer support services typically offered by Unicorn FX:
24/7 Live Chat Support:
Unicorn FX offers 24/7 live chat support, allowing traders to contact customer service representatives at any time, day or night. This live chat feature facilitates immediate inquiries, account-related issues, or technical assistance.
Email Support: info@unicornfxlive.com
Phone Support: +91 7878793861
