Universy Invest Review – Broker That Cost You More Than Just Money
If you take a look at the Universy Invest website you will quickly realize why this broker is not the right choice. With quite a low transparency and very few details revealed they expect you to trust them.
After many brokers being exposed they still didn’t learn what are the things that traders want. Yet, many inexperienced traders are still falling for the same traps. Keep reading this UniversyInvest review to find out the warning signs.
Is Universy Invest Broker reliable?
Sadly, the company that expects you to trust them with your money doesn’t trust you. They don’t provide traders without any ownership or contact details.
To make it even worse, there are no legal documents nowhere available. So, let’s see all the downsides behind the Universy Invest scam broker.
|Universy Invest||Reliable Broker Must Have|
|Legal name:||N/A||Transparently displayed in the disclaimer or legal documents|
|Regulation:||Unregulated||Within your legal jurisdiction – local regulator|
|Registered in:||N/A||Your country or the country whose license applies in your legal jurisdiction|
|Established:||2022||The older the domain – the higher the possibility the company is trustworthy|
|Website:||https://universyinvest.com/||Domain should be from local or international zones, no .xyz etc.|
|Financial Authorities Warnings:||N/A||None|
|Contacts:||E-mail: [email protected]
Online contact form
|Phone, email, social media, web form|
|If a withdrawal is possible:||Highly unlikely||Yes|
|Fees:||Hidden fees||Transparent fees – list of spread and commissions|
|If Active on Social Media:||No||Often present on social media|
|Investor Protection:||No||Compensation fund|
The main red flag comes from missing regulations. By checking the main Tier 1 regulatory registers worldwide we couldn’t find any information about their licensing. Not even registration. Starting with FCA, BaFin, ASIC and CFTC. Therefore, you know that you can’t enjoy any kind of protection with this scam broker.
We were checking some other registers because of the countries where they mainly operate. Those are:
- United Kingdom
Yet, neither FSMA nor FINMA had any records of their licenses. After all, you can’t expect anything more from the company registered in 2022. At least according to WHO.IS platform.
Universy Invest Profile
We would at least expect this broker to promote tradeable instruments properly. Yet, they fail to do that as well. Universy Invest login to the client area only works after registration. Thus, you have to leave your phone exposed to the scammer.
On top of that, there is no demo account available for testing them out. Also, there is Universy Invest fake trading platform.
|Trading platforms:||Web trader|
|Account types:||Beginners, Medium, Retirement, VIP|
|Financial Instruments On Offer:||
|Commissions/bonuses:||No commission / No bonuses|
|Demo account:||Not available|
|Education or Extra tools:||None|
Is This Broker Safe?
Without regulation, none of the brokers is considered safe. Especially not Universy Invest scam broker. They don’t offer any kind of protection. Starting with negative balance protection and compensation funds.
Also, they are using a proprietary web-based platform that broker manipulates as they want. Even though they promote MT4 and there is nowhere download option. Also, there is highly risky leverage of up to 1:400. Whereas regulated brokers have a maximum of 1:30.
Traders Reviews – Sharing Experiences
Another clear sign of this investment scam is the Universy Invest reviews. Only on Trustpilot, there are already 37 comments about the broker. But the key part is the percentage of low-rated comments.
Almost every fourth client had some issues with the broker. Issues were regarding customer support, platform manipulation and withdrawal issues. If you need advice on funds recovery procedures or suggestions for trusted brokers feel free to contact our specialized team.
How Does Universy Invest Platform Reach Clients and Who Are They?
Scam brokers lure inexperienced traders everywhere. Primarily through social media campaigns. These adverts are attractive because they present a quick money scheme. Indeed, with volatile assets like crypto and leverage of 1:400 it can be lucrative. But not with scam brokers like Unviersy Invest.
It’s not rare that these brokers will use platforms like Telegram to keep anonymity and still harass people. As can be seen, their victims are mainly coming from the UK, Belgium and Switzerland.
Deposits and Withdrawal Methods
There are many disturbing facts about this broker. Another one is their funding options. The company only accepts crypto payments even though they claim to accept cards as well. Thus, those might be third-party wallets where you are purchasing crypto. Primary cryptos accepted are:
Needless to say, is that the company claims to have fast withdrawals. Thus, there are no legal documents or withdrawal policies to support such a statement. Not to mention non-existent information about fees.
Reasons To Avoid This Company
All the reasons are obvious. Firstly, the company is not licensed by any regulatory institution. Secondly, they are a completely anonymous company hiding its address and ownership information. Also, there is no legal documentation available that would back up any of their stories.
The company is misleading traders about trading software as well. Lastly, but most importantly, they are accepting only crypto payments. Because that way they think that you can’t get your money back. Yet, there is a way.
Our Safe Trading experts’ opinion of Universy Invest
In general, you should always avoid unregulated brokers. This one doesn’t have anything positive to offer. Instead, you can find yourself a trusted broker with the highest security standards and sleep tight.
If you need assistance in fund recovery or recommendation of such brokers, feel free to get in touch. The consultation with our experts is free and without any pressure or obligation. Book yours already today!
Is Universy Invest a scam broker?
Definitely. The company is not licensed and they don’t reveal any legal documents or ownership information.
What funding methods does Universy Invest accept?
The main funding methods accepted by the broker are crypto transfers. Even though there is a card purchasing option, be aware that you might be purchasing crypto.
What is the minimum deposit on Universy Invest?
The minimum is not revealed. Instead, they want you registered so that they can pressure you for more money. Contact us if you want to know how to recognize scammers.