Universe-Markets Review: Unraveling the Fake UK-Based Brokerage

Many brokers claim to be registered in the UK, however, it’s known that any firm providing financial services in the UK needs to be regulated by the FCA. So from time to time, the FCA will publish a warning, uncovering the lies told by fake UK-based firms. The same thing applies to the firm we are evaluating today, so stay tuned and read our in-depth Universe-Markets review. 

Accessing universe-markets.com or any other of their domains is no longer possible, and the broker has become a distant memory. Keep reading to learn more, and don’t forget to check the Tier1FX broker. 

Who Is Universe-Markets?

If you were wondering what an unreliable broker looks like, this Universe-Markets review is for you. The trading name comes from White Square Trading Limited Group, a firm flagged by the FCA. The firm falsely presents itself by claiming to be registered in the UK, offering traders a false sense of security. This is why it’s crucial to check license information before investing. 

The firm was operating without a license under several domains, and luckily, they were shut down. The information about the company’s history is hidden, however, we were able to pull up the age of one of the domains they were using, giving us at least an idea of when the broker was established, which is 2017. 

Regulation Info

Without any doubt, this firm was not regulated by any financial authority while operational. Trading with unregulated firms increases the chances of getting scammed, so in-depth research and due diligence is a must. The trading firm aimed at UK clients, so it attracted attention from the FCA, and they published a warning, advising to steer clear from this firm.

Furthermore, the Financial Markets Authority in New Zealand received complaints from residents, so they warned the public about Universe-Markets as well.

Universe-Markets Broker Profile

Universe-Markets didn’t even offer the popular MT4 or MT5 platforms. Instead, with their proprietary web trader, investors were able to trade in currency pairs, crypto, commodities, and indices. 

Many traders complained about the hidden fees this broker imposes during trades, and once you request a withdrawal, you can expect the process to be delayed for a long time. 

Is Universe-Markets Safe To Trade With?

We have heard a lot of negative feedback about Universe-Markets among users, and we believe there are valid reasons behind it. First of all, their platform was quite unstable, which caused a lot of inconvenience and frustration for traders. 

Moreover, their trading conditions were not very favorable, with high trading fees and tight spreads, making it difficult for traders to make profits. All things considered, Universe-Markets is a very unsafe broker you should avoid at all costs. 

Who Are the Traders They Cater To?

According to the firm’s previous traders, they tend to cold-call investors into depositing. No one truly understands how they get the numbers, however, they do, and you can expect around 20 calls per day, sometimes from the same and sometimes from different people. 

The nations affected by the Universe-Markets scam include the United States, India, the Philippines, South Korea, and the United Kingdom. Even though they claim to be located in the UK, the reality is that they are nothing more than scammers, working from the comfort of their own homes. 

Deposits and Withdrawal Methods

Depositing or withdrawing your funds has never been harder than with Universe-Markets. Potential withdrawal issues are reported once you request it, and the chances of seeing your profits ever again are none. Luckily for traders, the broker is closed, and depositing your funds is no longer possible. 

However, some traders probably still haven’t received their funds after they closed. If that is the case with you, we recommend seeking professional guidance and reaching out because getting your money back is possible, it’s just a matter of time. 

Can I Make Money While Trading Online?

If you want to make money while trading online, there are important factors to consider. First, you have to make sure you are educated enough to enter the trading business. Second, you need to have a well-thought-out plan to succeed. Third, additional tools and the right broker are a huge benefit when it comes to making money while trading, so make sure to remember that. 

Now, when we say tools, we of course mean our amazing, innovative AI bot. It is perfect for both beginners and seasoned traders because of its ability to collect historical asset prices and data from charts, allowing it to predict future prices based on technical analysis. You will never have to wonder whether to buy or sell and all with the help of your AI best friend. 

Ready to step into the future of trading? Be one of the first 100 traders to reach out and you can win a 14-day free trial for our bot and experience everything firsthand. Start your journey to potential online profits with us.

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