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A guy met online introduced me to invest on this platform, and at first the profit in the account really impressed me. I was glad to see my gains increase so rapidly. But when I tried to make a withdrawal, something bad happened. They demanded tax for my money. I doubt I was scammed. Can you help me check its license? Thanks in advance.
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.
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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