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UOBE FX

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Don't be fooled by UOBE FX's false claims! Unregulated and flagged as a scam, this website puts your funds at risk. Choose a legitimate forex broker - your hard-earned money deserves it!
UOBE FX Exposed: Fake Brokerage with Red Flags

Operating status: SCAM

Website: https://uobefx.com/; https://www.uobe-fx.com/admin/#/login?redirect=%2F

Broker violations and abnormal records
  • 2023-08-21 BrokersView has reviewed that UOBE FX is an unregulated broker

    Firstly, UOBE FX, whose domain (uobefx.com) is newly registered in June of this year, uses a website template popular among scammers, suggesting their intent to defraud.

    Secondly, on UOBE FX website, it claims to be headquartered in the UK and has the MSB license from the US. BrokersView has conducted a search on the registers of the UK Financial Conduct Authority (FCA) and the Financial Crimes Enforcement Network (FinCEN) but found no matching results. As such, the claim is unfounded.

    At last, since UOBE FX domain's registrant is in the US, we searched the National Futures Association (NFA) register to check this broker's license in this jurisdiction. Unfortunately, no corresponding records matching UOBE FX could be found in the database.

    In essence, UOBE 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. 

    UOBE FX is unequivocally a scam.

    Firstly, UOBE FX, whose domain (uobefx.com) is newly registered in June of this year, uses a website template popular among scammers, suggesting their intent to defraud.Secondly, on UOBE FX website, it claims to be headquartered in the UK and has the MSB license from the US. BrokersView has conducted a search on the registers of the UK Financial Conduct Authority (FCA) and the Financial Crimes Enforcement Network (FinCEN) but found no matching results. As such, the claim is unfounded.At last, since UOBE FX domain's registrant is in the US, we searched the National Futures Association (NFA) register to check this broker's license in this jurisdiction. Unfortunately, no corresponding records matching UOBE FX could be found in the database.In essence, UOBE 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. UOBE FX is unequivocally a scam.
  • 2023-12-20 The FCA adds UOBE FX to its warning list

    On December 21, 2023, the Financial Conduct Authority (FCA) issued a warning against UOBE FX, classifying it as an unauthorized firm in the UK illegally offering financial services. https://www.fca.org.uk/news/warnings/uobe-fx

    On December 21, 2023, the Financial Conduct Authority (FCA) issued a warning against UOBE FX, classifying it as an unauthorized firm in the UK illegally offering financial services. https://www.fca.org.uk/news/warnings/uobe-fx

Related Complaints

Q&A Complaints

Unable to withdraw from uobefx, they want me to pay for it

Meredith Bell
United Kingdom
2023-08-22
ANSWER BrokersView understands the distress and frustration this situation has caused you, and we sincerely apologize for the inconvenience. Unfortunately, UOBE FX, upon our investigation, is a scam.UOBE FX marks itself as a reliable, regulated forex broker. However, the truth is totally different.UOBE FX has a shoddy website design. This fake broker uses a template often shared by scammers. Coupled with its newly registered domain (uobefx.com, created in June 2023), their intent to defraud is obvious.While UOBE FX claims to be headquartered in the UK, they failed to seek authorization from the Financial Conduct Authority (FCA) before soliciting investors. There are no matching records in the FCA register in support of its legitimacy in the financial market.UOBE FX also purports to be regulated in the US saying that they have the MSB license from the Financial Crimes Enforcement Network (FinCEN). However, such assertion is false either as we have been unable to locate any data associated with this broker in the FinCEN database.What's more, we conducted a search on the register of the National Futures Association (NFA), because forex brokers in this jurisdiction are required to be a member of the NFA. However, there are no corresponding entries on NFA website.Therefore, BrokersView has come to the conclusion that UOBE FX is a scam. Investors dealing with this fraudulent platform are exposed to significant risks such as financial losses and identity theft. We suggest you proceed with extreme caution and stop sending any money and giving away your personal information. Please collect all relevant envidence and report it to local authorities.BrokersView hope you stay vigilant and do not fall for another kind of scam called "recovery scam", where individuals or businesses claim that they can help recover your money.
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