UNFXB

UNIPRIME (UNFXB), formerly known as Unicorn FX broker and now operating under the UNIPRIME brand, has been in the market since 2016 and is known among Iranian traders for its Persian website and support and Rial deposits. In this overview, we review UNIPRIME's license, accounts, platform, payment methods and risks based on Teagle's data.

What kind of broker is UNIPRIME?

UNIPRIME is an international brokerage with about 10 years of history, and Teagle's data lists its country as Saint Lucia. The broker offers more than 1,400 trading instruments across forex, stocks, indices, metals, commodities and energy, as well as more than 300 cryptocurrencies. Alongside regular accounts, the broker's profile also mentions services such as copy trading, PAMM, MAM and funding programs of up to $250,000. Scalping, hedging and news trading are also allowed.

UNIPRIME's licenses and credibility

According to Teagle's latest review, UNIPRIME has only one active registration:

• FSA of Saint Vincent and the Grenadines (SVGFSA): number 26505 BC 2021, status Active.

Saint Vincent is a fully offshore jurisdiction, and its financial authority does not effectively supervise forex activity; for this reason, this registration should be considered a weak company registration, not a credible regulatory license. Teagle's analyst has also stressed that a company registration alone is not equivalent to a license from a tier-1 regulator, and UNIPRIME cannot be placed among low-risk options. To understand how this type of registration differs from high-level licenses, read the article What are offshore and onshore brokers and the guide to broker regulation tiers .

Does UNIPRIME serve Iranians?

Yes. According to the Teagle team's review of the broker's primary sources, UNIPRIME's official website does not currently list Iran among restricted countries, and Iranian users can use its services. The Persian website and support, instant verification and methods such as Rial deposits, Tether and Perfect Money make things easier for Iranians. However, accessing the website may require changing your IP.

UNIPRIME trading accounts

UNIPRIME offers five account types with floating spreads, and a swap-free version is available for all of them:

• Standard account: minimum deposit $10, no commission, spreads from 1.5 pips and leverage up to 1:1000.
• ECN account: minimum deposit $100, spreads from 0.7 pips, commission from $4 per lot and leverage of 1:500.
• ECN PRO account: minimum deposit $1,000, near-zero spreads, commission from $5 and leverage of 1:300.
• ECN GOLD account: minimum deposit $50,000, near-zero spreads, $2 commission and leverage of 1:100; this account's stop-out level is 90%.
• Islamic account: minimum deposit $100, $8 commission and leverage of 1:300.

On ECN accounts, the real cost of each trade is the spread plus the commission; to compare these two models, see the article What is an ECN account at a broker . The 1:1000 leverage on the Standard account multiplies both profits and losses; before using it, review the guide to leveraged trading .

UNFXB trading platforms

According to the accounts table, trading at UNIPRIME takes place on the proprietary Unicorn Trader platform and MetaTrader 5. Unicorn Trader is available for Windows, Mac, WebTrader, Android and iOS. The broker's additional services include bonuses, rebates, copy trading, PAMM, expert advisors, an IB program and education. If you plan to use copy trading, the article What are copy trading and social trading explains what you need to know.

Deposits and withdrawals at UNIPRIME

The minimum deposit and minimum withdrawal across all of UNIPRIME's payment methods is $10, and no method charges a deposit fee. Methods include Iranian Rial bank transfer, Tether and other cryptocurrencies, Neteller, Perfect Money, bank wire, Western Union, Royal Bank of Canada and exchange offices in Afghanistan. Withdrawals via methods such as Rial and Neteller are fee-free and usually take 6 to 48 business hours, but withdrawals via Western Union and Perfect Money carry a 5% fee, Royal Bank of Canada 3%, and Tether a $6 fee. The payment account holder's details must match the trading account holder, and for crypto withdrawals the wallet address must be the same as the deposit address.

UNIPRIME's rating and risk on Teagle

UNIPRIME's final rating on Teagle is 1.7 out of 5, derived from two sources: Trustpilot 2.4 and WikiFX 1. No user on Teagle has reviewed this broker yet. Teagle Eye's risk score for UNIPRIME is 59 out of 100, in the "medium risk" category; its 10-year history is a positive point in this assessment, but its single active license (SVGFSA) and low reputation scores have increased the risk weighting.

Pros and cons of UNIPRIME

• Pro: more than 1,400 trading instruments and more than 300 cryptocurrencies
• Pro: $10 minimum deposit and a variety of payment methods, including Rial and Tether
• Pro: segregated accounts for client funds, funding programs and bonuses
• Con: only one offshore registration in Saint Vincent and no credible license
• Con: a 10% penalty under certain account inactivity conditions and withdrawal fees on some methods
• Con: wallet address restriction on crypto withdrawals and some bonuses not applying to PAMM, MAM and copy trading accounts

Who is UNIPRIME suitable for?

UNIPRIME suits traders who prioritize a wide range of instruments, a low minimum capital, high leverage and varied payment methods. If capital security, credible regulatory oversight and financial transparency matter more to you, this broker is not a suitable choice. Before deciding, weigh it against a well-known broker in the Iranian market in the UNIPRIME vs XChief comparison .

Conclusion

UNFXB, or UNIPRIME, offers notable features in terms of instrument variety, ECN accounts and Rial payments, but its regulatory framework is limited to one offshore registration and its reputation scores are low. If you decide to work with it, start with small capital, make a test withdrawal, read the bonus and inactivity penalty terms, and follow new warnings on the investment risk warning page .