Universe Markets FX Review

Universe Markets FX


Reason to avoid: No license

Listed Date: July 28, 2018

Top 3 Regulated Forex Brokers

  • Company name: White Square Trading Limited
  • Registration/license: None
  • Registration/license requirement: –

Universe Markets FX is a forex and CFD broker owned and operated by the White Square Trading Limited. This company claims to be based in London, although it is not regulated to provide financial services in the UK. Moreover, the company was blacklisted by the UK’s Financial Conduct Authority and New Zealand’s Financial Markets Authority. Investing funds with unregulated brokers comes with a significant risk, because such entities, most often than not, are involved in scam. We recommend you to trade with serious and reliable regulators, such as FCA in the UK and FMA in New Zealand. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital (aside from client deposits) for the STP license. The regulator also protects customers when authorized financial services firms fail. Here you may check our list of brokers licensed by the FCA.

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