The United Credit Review and Website Analysis

Presenting The United Credit Review, where we unveil the truth about yet another scam broker offering to trade currency pairs and CFDs. Their website, of course, features promises of top-notch support, high security, and excellent conditions for every trader. However, these promises have nothing to do with reality. Read on to discover what you can really expect from this fraudulent project.

Brief Overview

• 🖥Official Website: https://theunitedcredit.com/
• ✈️Contact Address: 30 South Colonnade, London, E14 5EP, UK
• 📞Customer Support: [email protected]; +12898027733
• 🔐Licensing and Accreditation: no
• ⏳Track Record: since 2023
• 🧰Specialization: Forex & CFD broker
• 🤝Terms of Cooperation: min deposit $12,500; leverage up to 1:400; spreads from 0.1 pips
• 💰Additional Services: no

Theunitedcredit.com Examination

From the structure of The United Credit’s official website alone, one can conclude that the broker was created by scammers with the sole purpose of attracting and appropriating traders’ funds. This is the only way to explain the appearance of a web resource consisting of just five pages (excluding documents and registration/login forms). The pages are filled with block animations and various images of two bulls on the main page (apparently, the web designers are unaware of other market animals).

However, the site content is severely lacking. The company did not bother to publish even the most important information:

• Registration details and active licenses.
• Payment details.
• Features and descriptions of the terminal (mentioning MT4 on the main page is fake).
• Contract specifications for available trading instruments.
• A list of assets for trading, etc.

In short, you won’t find anything useful here. The website theunitedcredit.com seems designed merely to mark an online presence and launch a web terminal. It carries virtually no informational value and is unlikely to attract clients.

Company Contacts

The contact details of The United Credit are quite contradictory. The broker lists:

• A postal address in London.
• A phone number in North America.
• An email.
• A feedback form.

The first two details are highly dubious. In modern London, there is a vast amount of commercial real estate where you can rent a virtual office (postal address and phone) or a simple PO box. Most likely, we are looking at just such an “office address” from these scammers. Otherwise, why would there be a North American phone number in London? Have British phone companies stopped equipping commercial buildings?

Thus, the only reliable way to contact the platform representatives is by sending an email, either directly to the published email address or through the feedback form. The company chose not to create alternative channels.

This applies to both online chat and social media groups. The absence of groups and channels raises further doubts about the broker’s legitimacy. Licensed firms actively publish materials on social networks to significantly increase visits and, consequently, their client base. Since The United Credit attracts newbies using its own methods (mainly through cold calling from unknown databases), spending time and money on social media groups is simply irrational for them.

Key Conditions

On the Accounts page, The United Credit broker provides very minimal information about trading conditions. The table includes details about the four available account types. They have many similarities, such as:

• No commissions.
• Use of STP technology.
• Market Execution without requotes.
• Trading in Webtrader.
• Availability of 50 currency pairs and 45+ CFDs on various underlying assets.
• Trading volumes from 0.01 to 50 standard lots.
• Unlimited number of open positions, etc.

The differences between account types are significantly fewer. Essentially, the variety lies only in the minimum deposit, leverage, and spreads.

So, the broker offers four types of accounts:

• Bronze. Minimum deposit of $12,500, leverage up to 1:100, spreads from 2.8 pips.
• Silver. Minimum deposit of $25,000, leverage up to 1:200, spreads from 2.5 pips.
• Gold. Minimum deposit of $75,000, leverage up to 1:300, spreads from 1.5 pips.
• VIP Platinum. Minimum deposit of $150,000, leverage up to 1:400, spreads from 0.1 pips.

Without contract specifications (and we already mentioned that no one intended to publish them), these characteristics are more misleading than informative for the trader. For example:

For which assets is the maximum leverage applicable? Is it the same for all currency pairs and, say, cryptocurrencies?

1. For which instruments are the minimum spreads listed?
2. How did the STP broker manage to eliminate commissions?

In general, traders will have to figure out the trading conditions themselves while making transactions. Naturally, this increases the risk of losing funds, which only benefits the scam broker.

Exposing The United Credit

Minimal disclosure of information about the terminal, markets, and trading conditions is typical of fraudulent projects. Licensed companies operating within the laws and regulations of regulators are required to publish such details so that clients can review them before registration and contract signing. However, concluding that The United Credit is a scam based solely on this would be incorrect. We need to verify official information about the broker to clarify the matter.

As previously mentioned, there is no precise information about the company’s registration location on the website. Based on the available information about the London office, we checked the UK Companies House database.

As expected, we found no relevant results, and all similar names belong to credit unions. Similar results were obtained from the Canadian registry (we assumed the North American phone number was not there by accident).

We are inclined to conclude that the firm has no official registration in any jurisdiction. Accordingly, no regulator has issued a license for the virtual company to provide brokerage services. This implies that the platform’s activities are illegal.

It remained in this state until June 2024. Clearly, the broker launched its official website only after the update date (June 28, 2024). Therefore, it has been operating online for less than a month. Consequently, all its claims of being a reliable company with extensive experience are worthless.

Moreover, apart from official data, there is ample evidence supporting this. For example, we could not find a link to the promised MT4 in the personal account, and only cryptocurrency transactions are available for deposits and withdrawals.

In general, all signs of a scam broker are present. Are you still considering sending money to their accounts?

What Reviews Do Users Leave?

Of course, The United Credit reviews are still scarce online. This is understandable, as the broker has been in operation for less than a month. However, there is one exception—Trustpilot. Here, the pseudo-company has received 11 comments, 10 of which, as you might have guessed, are positive. Moreover, all of these were posted within a few days.

We understand the project owners’ concern about their image. However, they should avoid ordering bulk reviews, as this appears even worse than having none at all.

Regarding specialized sites, their experts publish more objective opinions about The United Credit. The words SCAM and FRAUD are most frequently used, accurately describing this platform.

Conclusions

We believe that The United Credit review presents sufficient arguments to reject dealing with these scammers. One should not trust a company operating without official registration and licenses, existing for less than a month, and enhancing its image by ordering positive reviews. The likelihood of losing all invested funds here is very high, and in our opinion, it is not worth taking that risk.

Pros/Cons

FAQ