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 $10 for their micro accounts.
FX5012783442
Thailand
i can't withdraw both deposit and profit due to vat 20%. hidden issue rises from time to time. Conversation could provide if asked.
Exposure
FX3140720317
United States
This company is part of a euro/worldwide scamming network. I had a trading account of over 50k but as soon as I asked for a withdrawal they tried to terminate the account. I didn't get any contact from them but I followed the money and had cases lodged with various fraud regulatory bodies inclusive of fintrack/ org for this reason, the investment was released giving me the opportunity to close the account. Don't even think of investing here.
Exposure
FX3140720317
United States
This is a scam, don't send/pay any money. The setup is a fraud, they use all the tools you can think of to make you pay (and pay again). Unfortunately, an elderly family member got affected by the loss.
Exposure
葉葉
United States
I'm desperate for forex trading. I, like many others, have been scammed by this hateful company BIG UNCLE and now we don't know where to get our money back. We can't even sue because there is no specific information about this company on the Internet... I regret it sooo much but it's already too late.
Positive
徐俊强
United Kingdom
They are scammers. They have not been processing withdrawals since December 2021. A lot of investors have lost their money. No response from them since then. Run far from them!!!
Positive
FX2746039142
India
I withdraw 10k$ they asked to pay 2338$.i paid vat tax also but still I didn't recieve money
Exposure
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
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
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
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