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UnoCoin

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Operating status: SCAM

Website: https://unocoin.de/

Broker violations and abnormal records
  • 2024-07-17 BaFin issues a warning against UnoCoin

    On July 18, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered on the website unocoin.de for lacking the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_07_18_unocoin_de_en.html;jsessionid=80DAF58C309643AD6AB05A2D7E40FD4E.internet952

    On July 18, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered on the website unocoin.de for lacking the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_07_18_unocoin_de_en.html;jsessionid=80DAF58C309643AD6AB05A2D7E40FD4E.internet952
  • 2024-07-24 BrokersView has reviewed that UnoCoin is an unregulated broker

    According to its website, it claims to be a compliant broker. However, there is no regulatory information or office address displayed on the website for people to check, which is a hazardous signal.

    Additionally, the Federal Financial Supervisory Authority (BaFin) has issued a warning about UnoCoin for operating without the required authorization. BaFin also noted that the content of UnoCoin's website is identical to that of several previously flagged fraudulent platforms.

    In essence, UnoCoin is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    UnoCoin appears to be a scam.

    According to its website, it claims to be a compliant broker. However, there is no regulatory information or office address displayed on the website for people to check, which is a hazardous signal.Additionally, the Federal Financial Supervisory Authority (BaFin) has issued a warning about UnoCoin for operating without the required authorization. BaFin also noted that the content of UnoCoin's website is identical to that of several previously flagged fraudulent platforms.In essence, UnoCoin is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.UnoCoin appears to be a scam.

Related Complaints

Q&A

Is UnoCoin trusted?

panos
Bouvet Island
2024-07-25
ANSWER No, UnoCoin cannot be trusted.The limited contact information provided by UnoCoin indates that they may evade accountability or even disappear in the event of issues. This makes it challenging for investors or authorities to trace them. This is a big warning sign.The warning from the the Federal Financial Supervisory Authority (BaFin) further substantiates our concerns about UnoCoin. BaFin stated that UnoCoin is not authorized properly and looks identical to some fraudulent platforms previously flagged by them.In light of this, UnoCoin poses substantial risks. To avoid falling victim to potential fraud and identity theft, we strongly suggest investors stay away unregulated brokers like UnoCoin and instead choose fully regulated ones.
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