Score
BIG UNCLE
China|2-5 years| http://www.biguncle.uk/index111.html
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
ChinaUsers who viewed BIG UNCLE also viewed..
XM
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
FBS
- 5-10 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
AUS GLOBAL
- 10-15 years |
- Regulated in Cyprus |
- Market Making(MM) |
- MT4 Full License
EC Markets
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
Website
biguncle.uk
Server Location
Hong Kong
Website Domain Name
biguncle.uk
Server IP
124.156.188.36
Company Summary
Note: BIG UNCLE's official website - http://www.biguncle.uk/ is currently inaccessible normally.
| BIG UNCLE Review Summary | |
| Founded | 2012 |
| Registered Country/Region | China |
| Regulation | Unregulated |
| Market Instruments | / |
| Demo Account | ❌ |
| Leverage | 1:100-1:500 |
| EUR/USD Spread | / |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Email: biguncle@email-contact.online |
| Physical address: Unit 12, Ravenswood Industrial Estate, Shernhall St, London E17 9HQ | |
Registered in China in 2012, BIG UNCLE is considered a high-risk and avoidable offshore company due to potential regulatory issues. It requires a high minimum deposit of $100 and offers leverage up to 1:500. In addition, its official website is currently inaccessible, and no information about trading options can be obtained as a result.
Pros and Cons
| Pros | Cons |
| Flexible leverage ratios | Unavailable website |
| MT5 trading platform | No regulation |
| Fake physical address | |
| Only accept crypto payments | |
| No demo accounts | |
| Limited contact channels |
Is BIG UNCLE Legit?
BIG UNCLE is completely unregulated. In addition, it has misrepresented its address, pretending to operate in the UK, yet the company lacks a license from the UK's market regulator, the Financial Conduct Authority (FCA), posing a clear danger to investors.
Leverage
BIG UNCLE offers selectable leverage ranging from 1:100 to 1:500. Even the minimum leverage reaches up to 1:100, which further confirms that we are not dealing with a regulated UK broker. In the UK, licensed brokers are not allowed to provide leverage higher than 1:30 to retail clients, as high leverage exposes traders to significant risks.
Trading Platform
BIG UNCLE offers a distribution of the industry-standard trading platform, Metatrader 5. However, upon installation, we found that it was the generic version of MT5, which can be downloaded completely free of charge from the MetaQuotes website. This implies that BIG UNCLE does not have its own MT5 terminal and you cannot trade with them through this platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
BIG UNCLE only accepts deposits made through various cryptocurrency assets. This means that refunds cannot be requested, a common tactic employed by fraudulent brokers.
As for the minimum deposit amount of $100, it is excessively high, as legitimate brokers typically charge no more than $10 for their micro accounts.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
News WikiFX Review: Is it OK to conduct business with “BIG UNCLE”?
BIG UNCLE is an online forex broker offering a couple of financial instruments to its clients across the globe. But recently we received a lot of complaints related to this broker. And we wonder to know if BIG UNCLE is trustworthy. Therefore, WikiFX made a comprehensive review of this broker to give you a better understanding of the truth.
2022-07-14 17:44
News Ten Major factors that affect the exchange rate of a country's currency
Several factors affect the exchange rate of a country's currency ranging from: an interest rate hike, monetary and fiscal policies, unemployment rate, GDP, Consumer Price Index, Inflation, Quantitative Easing, Elections, Balance of trade, and International Debts. Every forex trader must pay great attention to these factors to assist him/her in making decisions on which currency pair to either buy or sell in the forex market daily.
2022-06-13 15:31
News ON THIS DAY LAST YEAR, THE CURRENCY RATE WAS N503/$1, AND IT IS TODAY N610.
The exchange rate of the federal republic of Nigeria as at this time last year was still a headline that the people of the country do say, as at this time 2020, the exchange rate was a bit lower than 503/$, not to talk of the exchange rate in 2019, compared to 2022 exchange rate of 601/$. Things gets worst day by day for the Nigeria exchange rate. It has not been stable for a longer period of time. What is the major cause of this? How does the exchange rate change easily?
2022-06-10 16:23
News South African central bank eyes digital rand to cut cross-border payment costs
A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central bank official said.
2022-06-02 13:39
News Guide on How to Create a trading account for South African traders
As Forex trading is becoming increasingly popular in South Africa today, many traders are now curious to learn how to create a trading account. To create a trading account one needs to have a valid email address, contact phone number, and valid identity card. We have simplified the process in this work for new traders seeking to open an account today.
2022-05-31 17:04
News Is Forex trading gambling or an investment package?
Anyone who trades the forex market without a proper understanding of the fundamental factors that move the Forex Market is a gambler. The Forex Market is ontologically designed to be an investment package for individuals, companies, and government. However, the desire to make quick money by scalpers has dented the image of the forex industry. Forex is a tool for hedging against inflation and maximizing profits. And never a place for gambling.
2022-05-30 16:45
Review 10
Content you want to comment
Please enter...
Review 10
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
FX5012783442
Thailand
i can't withdraw both deposit and profit due to vat 20%. hidden issue rises from time to time. Conversation could provide if asked.
Exposure
2022-05-16
FX3140720317
United States
This company is part of a euro/worldwide scamming network. I had a trading account of over 50k but as soon as I asked for a withdrawal they tried to terminate the account. I didn't get any contact from them but I followed the money and had cases lodged with various fraud regulatory bodies inclusive of fintrack/ org for this reason, the investment was released giving me the opportunity to close the account. Don't even think of investing here.
Exposure
2022-05-10
FX3140720317
United States
This is a scam, don't send/pay any money. The setup is a fraud, they use all the tools you can think of to make you pay (and pay again). Unfortunately, an elderly family member got affected by the loss.
Exposure
2022-05-10
FX2746039142
India
I withdraw 10k$ they asked to pay 2338$.i paid vat tax also but still I didn't recieve money
Exposure
2022-05-09
FX1346527171
Vietnam
I want to withdraw $3000 but customer service refused and did not reply. Then they asked me to deposit 30,000 to withdraw all of them.
Exposure
2022-03-31
FX1346527171
Vietnam
When I requested Customer Service to withdraw $3000, it was refused and asked me to deposit another $30,000 before I could withdraw with an illustration.
Exposure
2022-03-31
Lily1994
Taiwan
Apply for withdrawal and it was delayed again over again. It is said that the account is abnormal at the end. It requires to pay the margin to remove the exception to withdraw and it must be paid within their designated period. Otherwise, the account will be frozen forever.
Exposure
2022-03-29
寒風之玥
Taiwan
It just ask us to pay the margin. There is clearly no money and still ask us to pay such things.
Exposure
2022-01-11
葉葉
United States
I'm desperate for forex trading. I, like many others, have been scammed by this hateful company BIG UNCLE and now we don't know where to get our money back. We can't even sue because there is no specific information about this company on the Internet... I regret it sooo much but it's already too late.
Positive
2023-03-22
徐俊强
United Kingdom
They are scammers. They have not been processing withdrawals since December 2021. A lot of investors have lost their money. No response from them since then. Run far from them!!!
Positive
2022-12-15