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UeTrades

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Operating status: SCAM

Website: https://uetrades.com

Broker violations and abnormal records
  • 2022-07-17 The Italy CONSOB Added UeTrades into Its Warnings

    On 18 July 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that UeTrades is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela


    On 18 July 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that UeTrades is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
  • 2022-07-18 BrokersView has Reviewed that UeTrades is an Unregulated Forex Broker

    UeTrades claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. 

    UeTrades also claims to be a UK-based firm. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any matching results in UK FCA. 

    Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that UeTrades is not authorized to provide financial services in Italy. 

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

    UeTrades claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. UeTrades also claims to be a UK-based firm. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any matching results in UK FCA. Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that UeTrades is not authorized to provide financial services in Italy. The truth is that UeTrades is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
  • 2022-12-11 The Spain CNMV Added UeTrades into Its Warnings

    On 12 Dec 2022, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that UeTrades was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=UETRADES.COM

    On 12 Dec 2022, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that UeTrades was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=UETRADES.COM

Related Complaints

Q&A

Who's the regulatory body of UeTrades?

Franics
Sri Lanka
2022-11-23
ANSWER UeTrades is not a licensed or regulated broker even though it states offers that look good to be true. UeTrades claims to be a reliable broker without presenting any information about its regulation. Lacking regulatory important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. UeTrades also claims to be a UK-based firm. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (FCA). However, we did not find any matching results in FCA. More importantly, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that UeTrades is not authorized to provide financial services. You can check the full warning from here. The truth is, UeTrades is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like UeTrades and trade with licensed brokers.
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