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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.
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