Scam Broker Review Universal Wealth Group

Want to Trade with Universal Wealth Group? Read This First!

Universal Wealth Group is a suspected scam and has been flagged by the Comisión Nacional del Mercado de Valores. This forex broker claims to trade on behalf of 150,000 customers worldwide, but it has no license to operate in any country. This broker has no transparency at all. We could find no license or evidence of who runs this broker and the names of people behind it. Universal Wealth Group is an entirely anonymous website. 

Is Universal Wealth Group a Scam or Legitimate? 

In addition, Universal Wealth Group doesn’t have MetaTrader 4 or 5 but its own proprietary software. This in itself isn’t a dead ringer for a scam but added to the lack of a license and transparency, it isn’t a good sign. Many scams use fake software that is designed to rob customers of data. Also, its leverage is a sky-high 1:600, which means the extreme risk for clients. 

We Found Problems with Universal Wealth Group: 

  • Not regulated
  • Flagged by Comisión Nacional del Mercado de Valores
  • Negative reviews
  • No transparency. 
  • No contact information

What You Should Do If You Have an Account with Universal Wealth Group? 

You should close your account with Universal Wealth Group immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

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