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PT United Asia Futures

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Operating status: SCAM

Website: https://www.united-asia.com/

Broker violations and abnormal records
  • 2023-08-21 BrokersView has Reviewed that United Asia Futures is an Unregulated Broker

    According to its website,it claims to be one of the members of Jakarta Futures Exchange,Indonesian Derivatives Clearing House and Indonesian Commodity Derivatives Exchange,but according to our investigation,these exchanges do not regulate foreign exchange.

    The truth is that United Asia Futures is not regulated by any regulators.Letting it hold or control investors'money is unsafe,and the money can not be protected by any laws.Therefore,United Asia Futures is a scam.

    According to its website,it claims to be one of the members of Jakarta Futures Exchange,Indonesian Derivatives Clearing House and Indonesian Commodity Derivatives Exchange,but according to our investigation,these exchanges do not regulate foreign exchange.The truth is that United Asia Futures is not regulated by any regulators.Letting it hold or control investors'money is unsafe,and the money can not be protected by any laws.Therefore,United Asia Futures is a scam.

Related Complaints

Q&A

Is PT United Asia Futures a scam?

Samit Nicolaidou
Spain
2023-09-20
ANSWER Yes, PT United Asia Futures is a scam.On the website of PT United Asia Futures, it claims to be a member of Jakarta Futures Exchange, Indonesian Derivatives Clearing House and also Indonesia Commodity Derivatives Exchange. However, it is important to note that these three exchanges do not function as regulatory bodies and thus, do not have the jurisdiction to guarantee the legitimacy and credibility of a forex broker.PT United Asia Futures is allegedly domiciled in Indonesia, which has no governing bodies responsible for forex trading activities. As such, the offerings of financial services and products by the platform remain unsupervised.Therefore, PT United Asia Futures is an unregulated broker that poses substantial risks of financial losses and identity theft. Without regulatory oversight, it is highly risky to entrust the platform with funds and personal information. No rules in place to safeguard interests of investors dealing with it. As such, to avoid such risks, it is advisable to choose a fully regulated broker.
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