BrokersView
Search
Download
English
Sign In

UniversalTrade

Save

Operating status: SCAM

Website: https://universaltrade.io/

Broker violations and abnormal records
  • 2023-12-07 The AMF adds UniversalTrade to its warning list

    On December 8, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added UniversalTrade to its warning list for it being an unauthorized company engaging in forex activities in France. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

    On December 8, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added UniversalTrade to its warning list for it being an unauthorized company engaging in forex activities in France. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224
  • 2023-12-12 BrokersView has reviewed that UniversalTrade is an unregulated broker

    While UniversalTrade attempts to create the impression that it is an ethical, regulated broker, our investigation reveals otherwise. 

    UniversalTrade conceals details about its operators, listing a UK phone number and a vague address in Switzerland. Assuming it had offices in these two countries, we searched the registers of the Financial Conduct Authority (FCA) and the Swiss Financial Market Supervisory Authority (FINMA), financial regulatory bodies of these two countries. However, we found no records suggesting that UniversalTrade is authorized, a red flag indicating its poor compliance with financial regulations.

    Furthermore, the French Financial Authority (Autorité des Marchés Financiers, AMF) has added UniversalTrade to its warning list for engaging in unauthorized forex activities in France. This serves as solid evidence of UniversalTrade's fraudulent nature.

    In essence, UniversalTrade is not overseen by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. UniversalTrade is unequivocally a scam.

    While UniversalTrade attempts to create the impression that it is an ethical, regulated broker, our investigation reveals otherwise. UniversalTrade conceals details about its operators, listing a UK phone number and a vague address in Switzerland. Assuming it had offices in these two countries, we searched the registers of the Financial Conduct Authority (FCA) and the Swiss Financial Market Supervisory Authority (FINMA), financial regulatory bodies of these two countries. However, we found no records suggesting that UniversalTrade is authorized, a red flag indicating its poor compliance with financial regulations.Furthermore, the French Financial Authority (Autorité des Marchés Financiers, AMF) has added UniversalTrade to its warning list for engaging in unauthorized forex activities in France. This serves as solid evidence of UniversalTrade's fraudulent nature.In essence, UniversalTrade is not overseen by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. UniversalTrade is unequivocally a scam.
  • 2024-04-18 The BaFin issues a warning about UniversalTrade

    On April 19, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about UniversalTrade and the services it is offering, suspecting the unknown operators of the website universaltrade.io of offering consumers financial and investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_01_05_UniversalTrade_en.html

    On April 19, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about UniversalTrade and the services it is offering, suspecting the unknown operators of the website universaltrade.io of offering consumers financial and investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_01_05_UniversalTrade_en.html

Related Complaints

Q&A

Why does it take so long to withdraw on UniversalTrade?

ali yoldas
Benin
2023-12-19
ANSWER The difficulties you're experiencing with withdrawals from UniversalTrade could be due to the fact that it is a fraudulent trading platform. Their primary objective appears to be defrauding money, rather than upholding their reputation and integrity.This trading platform fails to disclose information about its regulatory status, which is a significant red flag for potential fraudulent practices. Despite claiming to have a UK phone number and a Swiss address, this company is not registered with the relevant financial watchdogs, namely the Financial Conduct Authority (FCA) in the UK and the Swiss Financial Market Supervisory Authority (FINMA). Moreover, its unlicensed financial activities in France have prompted a warning from the country's financial authority, the French Financial Authority (Autorité des Marchés Financiers, AMF).Therefore, UniversalTrade presents substantial risks to investors, and individuals trading with it are at risk of fraud and identity theft. To mitigate such risks, it is recommended to avoid unlicensed trading platforms like UniversalTrade and instead opt for fully regulated ones with solid reputations.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.