UniversalForex Review – Is universalforex.ltd a Scam Crypto Broker?

UniversalForex Review – Is universalforex.ltd a Scam Crypto Broker?

UniversalForex Key Features

🔴 UniversalForex services are questionable – a warning sign!

🔴 UniversalForex was reported as a scam – a red flag!

🔴 UniversalForex is not transparent – a red flag!

🔴 UniversalForex creates irrational expectations – a red flag!

UniversalForex Products and Services

UniversalForex is a pure scam! We claim it for several reasons, and the first one regards the so-called products and services offered. Namely, UniversalForex pretends to be a Forex broker, but at the same time, these ignorant fraudsters say to deliver fixed-income investment plans and Bitcoin mining! It should be clear: trustworthy licensed Forex brokers are not allowed to offer guaranteed profitability of cryptocurrency mining! That’s a pure scam!

Additionally, an offer of 100% daily earnings always suggests a scam – such profitability is undoubtedly impossible to achieve when it comes to fixed-income products. Make no mistake, UniversalForex promises guaranteed returns, so its offering is a risk-free fixed-income opportunity! It won’t happen!

Cryptos went to become extremely popular, and they come with tremendous profit potential, but the assets are pretty complex and a bit enigmatic for the vast majority of people. Bitcoin is still surging, and the entire crypto market is growing exponentially, but all investments carry significant risks, such as high unpredictable volatility and absence of regulation, for example. And we’d also like to emphasize the fraud risk- crypto scams are virtually everywhere. In fact, the latest trend among scammers is to create fraudulent websites offering fictitious crypto investments and mining services aimed to entice unsuspicious investors into scam settings. The fraudulent offers usually stick to the rule “sounds too good to be true”, the entity offering the services is totally anonymous, and there is no regulation whatsoever. So, based on the products and services offered alone, we can affirm that the entity under review is dangerous. You’d better avoid it.

That said, it’s worth considering trendy cryptocurrency alternatives that have already proven to be reliable. For example, many cryptocurrency exchanges like Coinbase and Bitstamp already provide passive income opportunities like BTC and ETH staking, other earning opportunities, affiliate programs, so on and so forth. Both mentioned are law-abiding financial firms that operate transparently, so you won’t be exposed to fraud risks if you trust them.

UniversalForex Company and Regulation

UniversalForex falsely pretends to be licensed and regulated in Australia! In truth, the scheme is totally illegal or a brand of an offshore IBC that’s impossible to trace, but whatever the case, UniversalForex is not a real broker. It’s an unlicensed dirty fraud!

So, the crypto service under review isn’t a typical firm, and as such, it’s not regulated. The absence of regulation implies that your investments will be at risk if you deposit. Moreover, you won’t have access to complaint procedures or money protection schemes, so if things go wrong, you’ll be the one to suffer the complete loss. Even more so, the digital coin transactions are anonymous, so if you get scammed by a shady crypto provider, you can’t get your money back.

Indeed, cryptocurrency regulation has been a hot topic for a long time. The digital coins themselves are not issued or governed by central banks, but too many countries already have plans to introduce centralized cryptocurrencies. Still, Bitcoin is a peer-to-peer payment system that’s considered too risky for many. However, many crypto firms are now operating with financial licenses; they are transparent, and their clients can benefit from certain customer protection measures if things go wrong. And that doesn’t apply to the entity under review, which is an anonymous and most probably totally illegal enterprise that can switch off its servers, pocket clients’ money and get away with the crime.

UniversalForex Address and Contacts

Address:169 Pirie St, Adelaide SA 5000, Australia
Phone number:+61 470 202 650
E-mail:[email protected]

UniversalForex’s address and phone number are both fraudulent – neither of these is verifiable! So, the only thing we have to talk about is an e-mail address that also happens to be impossible to validate. So, there are transparency issues – always a red flag suggesting a scam. More so, as already proven, UniversalForex is a scam, so the lack of transparency comes to show how important an aspect it is! As you can guess, any business creature that refuses to share corporate or contact information may be as fraudulent as UniversalForex is! Beware!

Considering investment opportunities, transparency is always crucial. As for cryptos, you already know that Bitcoin is a peer-to-peer payment system, which is designed to protect the privacy and to provide security. However, that doesn’t mean that the crypto providers should also be anonymous. After all, these people will handle your money, so you should at least know who they are and where they operate from. In fact, we need to note that some trustworthy exchanges don’t reveal such information on their websites, but it’s still easy to verify that businesses are legal, law-abiding companies; therefore, it’s always a worrying sign if the crypto provider isn’t transparent.

UniversalForex.ltd Website Info

Alexa Ranking2,267,981 at the time of writing
IP162.0.229.10
Server Country USA
WHOIS Reg. Date2021-03-18
RegistrarNAMECHEAP
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is UniversalForex Safe?

UniversalForex is not safe! It’s a scam we just exposed, so make sure to steer clear of it, or you’ll lose money to fraud if you deposit there! Nevertheless, the two things you should pay utmost attention to are the absence of a license and the inconsistent services! Avoid!

Scam Warning

Scammers are always riding the trends, so it’s not at the least surprising that cryptocurrency fraud is now blooming. Even more so, the high-tech nature of Bitcoin actually facilitates scams as most people don’t really know how crypto works, so scammers take advantage of the lack of understanding. Indeed, the crypto scam has been here for a while, and it proved to be extremely dangerous- just recall OneCoin, which happened to be a multi-billion Ponzi scheme disguised as a revolutionary digital currency. However, scammers rarely go out of their comfort zone, so most crypto scams happen to be very similar to the typical investment fraud.

The fraudulent crypto schemes are also anonymous and illegal, while scammers introduce themselves with fake identities. There are also too many impersonators resembling the websites of valid start-up companies from where customers get redirected to other insecure fishy payment portals that may as well carry additional security risks. The cons yet again promise the moon and the stars to their victims but won’t deliver a thing in the end. However, the difference between crypto and the rest of the investment scams is that people are more likely to believe that they can become rich overnight as Bitcoin has already proved to have massive profit potential. In any case, you should be very cautious when it comes to crypto, as the markets are plagued by scammers ready to take advantage of you.

1 Comment

  1. I have deposited 500$in Universal Forex LTD. I want to withdraw it. They say you deposit 1000$ and you will meet again. This is my request to you to withdraw my 500. Thank you

Share your experience with UniversalForex and get help to recover your deposit

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