United FCG Review

Is United FCG Scam or Legit Broker?

No, it is not safe to trade with United FCG. The broker does not provide any regulation on its website and most often brokers that don't provide much information about their location, the company behind the brand as well as its regulation turn out to be unregulated, and often scams. 

What is United FCG?

United FCG is a broker that offers trading with multiple asset classes including Forex, cryptocurrencies, commodities, indices, and stocks.  The terms and conditions state that the card payment and billing services are processed by the subsidiary company in Bulgaria.

• Also, we have found that all the terms and conditions are governed by the laws of Bulgaria. However, the Bulgarian Financial Supervision Commission or any other regulator does not regulate the broker. Usually, those brokers who do not disclose its location/regulation details are not regulated, not comply with the international standards and do not guarantee the safety of clients' investments.
• In addition, the British Columbia Securities Commission has issued a warning against United FCG:
  “UFCG claims to be a commodities trading consultancy firm, offering an online trading platform for Forex, cryptocurrencies and other securities. We recently became aware of United Financial Commodity Group/United FCG and that it had accepted funds from a British Columbia (BC) resident to trade with the company. United FCG is not registered to trade in, or advise on, securities or exchange contracts in BC.”

United FCG Update

We keep reminding traders to exercise caution when dealing with firms that are not registered to trade nor regulated by reliable authorities. Choose among the legit brokers with licenses form respected financial authorities, such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) as they have to follow strict financial and ethical rules. Sign in only with reliable brokers such as BlackBull Markets, FXGT, and FP Markets.

United FCG Update

Based on our research, the United FCG website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.