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Universal Expert FX

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Operating status: SCAM

Website: https://universalexpertfx.com/

Broker violations and abnormal records
  • 2023-09-04 The UK FCA issues a warning against Universal Expert FX

    On September 5, 2023, the Financial Conduct Authority (FCA) issued a warning against Universal Expert FX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/universal-expert-fx

    On September 5, 2023, the Financial Conduct Authority (FCA) issued a warning against Universal Expert FX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/universal-expert-fx
  • 2023-09-07 BrokersView has reviewed that Universal Expert FX is an unregulated broker

    While Universal Expert FX showcases a certificate issued by the US Securities and Exchange Commission (SEC) to appear legitimate, there are no data in the SEC register matching this company. This means the certificate is fake.

    Universal Expert FX marks itself as a forex broker, and thus it is required to be regulated by the Commodity Futures Trading Commission (CFTC) and registered as a member of  the National Futures Association (NFA). However, our search for this platform in the NFA BASIC didn't yield any results.

    Furthermore, the Financial Conduct Authority (FCA) has issued a warning against Universal Expert FX, believing this broker might be providing financial services or products without proper authorization.

    In essence, Universal Expert FX is not regulated 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. 

    Universal Expert FX is unequivocally a scam.

    While Universal Expert FX showcases a certificate issued by the US Securities and Exchange Commission (SEC) to appear legitimate, there are no data in the SEC register matching this company. This means the certificate is fake.Universal Expert FX marks itself as a forex broker, and thus it is required to be regulated by the Commodity Futures Trading Commission (CFTC) and registered as a member of  the National Futures Association (NFA). However, our search for this platform in the NFA BASIC didn't yield any results.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against Universal Expert FX, believing this broker might be providing financial services or products without proper authorization.In essence, Universal Expert FX is not regulated 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. Universal Expert FX is unequivocally a scam.

Related Complaints

Q&A

Could you please check Universal Expert FX's license for me?

Kumar Kingsley
Ireland
2023-10-16
ANSWER Universal Expert FX has no license in providing services or products in the forex market.Universal Expert FX claims to have a certificate from the US Securities and Exchange Commission (SEC) to look trustworthy, but this company does not exist in the SEC database. This implies that the certificate is forged.Universal Expert FX identifies itself as a forex broker, and therefore it needs to have a license from the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). However, we could not find this platform in the NFA BASIC database. This means Universal Expert FX is not licensed in the US.Moreover, the Financial Conduct Authority (FCA) has alerted the public about Universal Expert FX, suspecting that this broker is offering financial services or products without proper permission in the UK. You can refer to here for more details about this warning.In summary, Universal Expert FX has no regulation from any authority. Investing with this broker is very risky, as there are no legal safeguards for the funds. Its lack of authorization can be a testament to its fraudulent nature and thus we strongly suggest investors stay away from it. To mitigate the risks, it is advisable to choose a fully regulated broker instead.
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