UEZ Markets is a forex broker that claims to offer a variety of trading services, including CFDs, stocks, and commodities. However, there are a number of red flags that suggest that UEZ Markets is a scam broker.
Company Overview
UEZ Markets is a relatively new broker, having been established in 2022. The company is headquartered in St. Vincent and the Grenadines, which is a well-known offshore financial center. UEZ Markets does not have any licenses or registrations from any reputable regulatory bodies.
Does UEZ Markets Have Any License?
No, UEZ Markets does not have any licenses or registrations from any reputable regulatory bodies. This is a major red flag, as legitimate forex brokers are required to be licensed by a regulatory body in order to operate.
Are UEZ Markets Regulated By Any Authority?
No, UEZ Markets is not regulated by any authority. This is another major red flag, as regulated brokers are subject to strict rules and regulations that help to protect their clients’ funds.
Pros and Cons
Pros:
- Low minimum deposit of $100
- Withdrawal fees are low
Cons:
- Not regulated by any reputable authority
- No customer protection
- High spreads
- Negative reviews from users
How Do UEZ Markets Reach To Their Prey?
UEZ Markets uses a variety of methods to reach out to potential victims, including:
- Online advertising
- Social media
- Cold calling
- Spam emails
The company often targets inexperienced traders who are looking to make a quick profit. UEZ Markets promises high returns with little risk, but this is simply not true.
Technical Details
Minimum Deposit:
The minimum deposit for a UEZ Markets account is $100.
Trading Platform:
They offer a web-based trading platform that is not very user-friendly. The platform lacks many of the features that are standard in other trading platforms, such as technical analysis tools and charting capabilities.
Spread:
The spreads on UEZ Markets are high, which means that traders will lose money on every trade.
Leverages:
UEZ Markets offers leverage up to 1:500, which is very high. This means that traders can control a large position with a small amount of capital. However, high leverage can also magnify losses, which can lead to account liquidation.
Packages and Products They Offer
UEZ Markets offers a variety of trading packages, each with its own set of features and benefits. The most basic package, the Starter Package, offers a minimum deposit of $100 and a leverage of 1:500. The most expensive package, the VIP Package, offers a minimum deposit of $10,000 and a leverage of 1:1000.
Withdrawal and Deposit Method
UEZ Markets offers a variety of deposit and withdrawal methods, including credit cards, debit cards, wire transfers, and cryptocurrencies. However, there are high fees associated with withdrawals, and there have been reports of delays and difficulties in withdrawing funds.
What Do Their Previous Traders Say?
The reviews of UEZ Markets by previous traders are overwhelmingly negative. Many traders have complained about the high spreads, the lack of customer support, and the difficulty in withdrawing funds.
Summing Up- Why Should Not You Trust UEZ Markets
There are a number of reasons why you should not trust UEZ Markets. The company is not regulated by any reputable authority, it offers high spreads and high leverage, and it has a history of negative reviews. If you are looking for a legitimate forex broker, UEZ Markets is not the right choice.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to UEZ Markets, you may be able to recover your funds with the help of a financial recovery service. To choose the right financial service, we can provide you a professional guidance and some recovery service recommendations that will be right for you.
File A Complaint Against Scam Broker's
Final Thoughts
UEZ Markets is a scam broker that should be avoided. If you are considering trading with UEZ Markets, we urge you to reconsider. There are many legitimate forex brokers out there that offer better trading conditions and customer service.
We hope this article has been helpful. If you have any further questions, please feel free to contact us.
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