unitedtradings.com Scam

unitedtradings.com Scam - CFD/ForEx Spread Betting Posing as Auto-Trader Robot Software.


There is no such thing as perfect auto-trader software, and if there was they sure as hell wouldn't sell it to you!

Let's start with the text at the bottom of the site:

"REGULATION & HIGH RISK INVESTMENT WARNING: Trading Forex, CFDs and Cryptocurrencies is highly speculative, carries a level of risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose."

This is not a generous get-rich-quick scheme, it is an offshore CFD (contracts for differences) ForEx spread-betting bookmaker. Now it is possible to win, of course, but whether they would ever pay you is another matter, and they will not be subject to UK, Australian, US or European law, so the police will not be able to help.

Their referral in this case was:


United Trading: https://unitedtradings.com/

Once these people have your details then you are in serious trouble. They will call hundreds of times as they are on commission and as you are spread betting they will receive your money, you owe nothing. I will repeat that, this is betting not trading you are buying nothing but a bet to win against losing and as soon as the tide turns then you will lose all of your money if you do not get out in time. ForEx is highly volatile at the moment and around 80% of all retail accounts lose money in this gambling arena. If you do not understand what a CFD is then you are even more likely to lose than most.

If you buy real shares from a stockbroker or cryptocurrency (we are not advising you here, just pointing out a fact) then you own that currency/commodity, if you bet then you own nothing, so unless you are lucky, and then lucky enough again that they pay up, you will have nothing at the end.

Do not give them your details, it is in their interest to give bad advice as they receive the money when you lose, and they have explained that you could use in their terms and conditions at the bottom of the page.