UnicorntradeFX - BaFin warns against the operating company

UnicorntradeFX pretends to provide investors with perfect opportunities to make money as quickly as safely when trading options, futures, and ETFs. At UnicorntradeFX, everything is investment fraud. Not a dime has been invested. The money has landed right in the pockets of investment scammers. Nothing is traded on unicorntradedx.com. Everything the investor sees on his screen is fake. Can you report similar experiences? How does the investor get his money back from dubious providers? What can investors who have been scammed by UnicorntradeFX? What help is available in case of investment fraud?



UnicorntradeFX: Baseless and unserious affirmations on unicorntradedx.com!
What are the unsuspecting prospective customers on unicorntradedx.com made believe? The investors are lured with questionable promises on the web page unicorntradedx.com. For example, it says: "Open an account with us and enjoy the trading experience with the professional brokerage - Large selection of trading orders (including stop-loss and limit)... No price and execution manipulation - Equal prices and liquidity for all clients - Access to sophisticated analysis and news. Portfolios are... Bundled into a single investment solution. They are expertly constructed and include equity funds, managed fixed income accounts, and alternative direct investments audited and verified by KPMG and Deloitte." It all seems very convincing. But not a single one of these lofty promises from UnicorntradeFX has been delivered. Not one cent is invested. Everything ends up directly in the pockets of the investment scammers. There is no trading at UnicorntradeFX. Unfortunately, dubious business conduct makes for bad experiences and unhappy investors!


UnicorntradeFX: The domain entry is hidden!
Of course, the investment scammers do not want people to track them down easily. That is why the website does not have a meaningful imprint with the website operators' full details and an address. Also, the domain data of the website unicorntradedx.com does not contain any hint of who once registered the site, but only that the registration took place on 03.07.2022 at NameCheap, Inc. and that the real domain owners - for us quite expectedly - hide behind an Icelandic anonymization service called Withheld for Privacy ehf based in Reykjavik.


UnicorntradeFX: Who is behind it?
Investors will not be able to answer this question. The investment scammers disguise their identity perfectly - almost. This is normal because they regularly operate various websites where they offer their fraudulent business model. From our research, it is clear that the predecessor site of UnicorntradeFX was UnicornFX (unicorn-fx.com). This is now no longer accessible, as well as the page AlphatradeFX (alphatrade-fx.com).


UnicorntradeFX: Who is the operator?
On the website of UnicorntradeFX, there is only sparse information about this. Besides two different support email addresses, which one finds on the side, support@unicorntradedx.com as well as support@unicorntradefx.com, still the contact telephone number +35 722022618 with Cypriot country code is specified to the potenziellen investment prospective customer, which does not permit however any conclusions on the operators of the platform. Also, the address Leontiou Machaira 58, Limassol in Cyprus remains about the platform responsible persons a dead end, because one looks for a company named UnicorntradeFX there in vain.



UnicorntradeFX: Contradictory name information
It is noticeable that the Macher could not agree on what they would like to be called now, which is reflected not only in the context of the two different support email addresses, with which one handles. Thus one finds on the web page on the one hand the platform name UnicorntradeFX, on the other hand, the side is to carry however also the name UnicorntradeDX. Which one is it? FX or DX? Already here the alarm bells of possible investors should fully shrill because a respectable enterprise does not juggle between two names within a web appearance back and forth.


UnicorntradeFX: International searches
The worldwide search for UnicorntradeFX in the relevant registers leads to no results. The UnicorntradeFX is a fantasy product. The alleged operating company of UnicorntradeFX, Businesoft Limited, can be found in the commercial register of St. Vincent and the Grenadines under company number 26181. Behind this is Wilfred Services Limited, which has already caught our eye several times during our investigations, as it has repeatedly appeared in connection with dubious platforms in the past. Not a good sign! With our research tools, our Investigations Team has succeeded in tracking down the investment scammers.


UnicorntradeFX: Warnings from regulators
It comes as no surprise that the platform UnicorntradeFX, with its business practices and questionable appearance, has already come under the scrutiny of the German Federal Financial Supervisory Authority (BaFin). Thus, the BaFin already issued the following warning on 10.02.2022 regarding the predecessor platform of UnicorntradeFX (we remember, it was the platform UnicornFX): "UnicornFX (Europe) Ltd., Zurich, Switzerland, and Businesoft Ltd., Kingstown, St. Vincent, and the Grenadines, acting jointly as operators of the website unicorn-fx.com, are not licensed institutions according to § 32 KWG..." It remains only a question until other regulatory institutions will also become aware of the grouping around UnicornFX and UnicorntradeFX and warn against their punishable activities.


UnicorntradeFX: Scheme of investment fraud
The investment fraud usually follows the well-known scheme: investors enter with a small sum - usually 250 euros - and quickly see how this amount increases, so they are ready to "invest" higher and higher sums. The worries begin then, as well as an investor its money to have paid out would like, because now ostensibly all at once taxes, commissions, fees, or whatever must be paid. Most investors understand only with a delay that they sat down an investment fraud and never the intention existed to disburse the money again.


UnicorntradeFX: What help is there for investment fraud?
Many defrauded investors ask how to proceed in case of investment fraud, since a criminal complaint hardly makes sense, because criminal complaints primarily serve the prosecution, but not the recovery of the money. What help is available for investment fraud and how do defraud investors get their money back? The lawyer specializing in investment fraud must know how to track the money because as they used to say, money is not gone, it's just somewhere else. Now you can add to that: It's tricky, but with the right tools, it's possible to systematically track money digitally - even if it was deposited with Bitcoin via a crypto exchanger.


RESCH Rechtsanwälte GmbH - Experience in investor protection since 1986
If you have been a victim of UnicorntradeFX and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.