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

Is Universe Markets FX a regulated forex broker or a scam?

no, Universe Markets FX broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

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.

No news available.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code