Universe Markets FX Review

Is Universe Markets FX Scam or Legit Broker?

Universe Markets FX has been suspected as a scam broker. This broker is blacklisted by a well-known regulatory authority and should be avoided. It is NOT SAFE to trade with this company. We have checked the company and there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

What is Universe Markets FX?

Universe Markets FX is a forex and CFD broker owned and operated by 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 scams.
• The pages and official sources of the international regulators’ list alert are shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and the general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities, and more. As PBN Trade got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by numerous EU authorities.

Universe Markets FX Review Conclusion

In conclusion, there are many questions in regard to the trust of Universe Markets FX services and the manner they do operate the online trading itself. We strongly advise opening a trading account only with brokers that are regulated by respected world authorities and comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as HotForex, and BlackBull Markets.

Universe Markets FX Update

We found the Universe Markets FX website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.