TradesUniversal Review: Who is Behind TradesUniversal.Com
TradesUniversal Review, This corporation is not licensed and works from a known fraud haven. Under these circumstances, it goes without saying that there is something shady about TradesUniversal. Notably, this company is entirely behind the times. It has a primary trading platform with some indecent spreads.
What’s also troubling is the disinterest TradesUniversal has in the safety of the funds. It sets inexperienced traders to high leverage amounts, which is extremely risky.
All things considered, it is not advisable to use TradesUniversal. Moreover, the following TradesUniversal review is here to show you more relevant details.
Also, we recommend you not invest in the fraudulent brokers XProMarkets, WinGroup, and OpoFinance.
|Headquarters||Majuro Marshall Islands, MH96960|
TradesUniversal Regulatory and Fund Security
First and foremost, there is a lack of regulation. The Terms and Conditions are shady, with many odd details, such as the offshore address.
Anyone who has some knowledge of FX brokers will know that the Marshall Islands or SVG are favorite places for scammers. That is because such businesses are totally unlicensed. The government of the small land does not handle its markets to any degree. This is precisely what leads to plenty of misuse taking place.
Fraud, money laundering, and financial terrorism are some of the crimes often committed by fake brokers. Let’s not assume these companies will always want to steal from you. Nevertheless, it’s most likely that they will take your deposits after all.
That is because those offshore firms are handled by individuals who lack the understanding to run such an enterprise. This results in it going under and taking your cash with it. To do this safely, you must do so with a licensed FX broker.
Note: Have you ever been victimized by a trading scam? If the answer is yes, there’s something you can do. If you made a deposit through a bank card, you can quickly ask for a refund.
What Kinds of Trading Platforms Are Available?
Let’s discuss the software that TradesUniversal tries to promote to traders. The platform is utterly worthless, and moreover, it looks quite outdated.
You may be able to see some useful trading instruments here. There is more besides buying and selling options and a couple of other basic aspects. You can see the tabs that include financial news, education, and analysis.
However, none of these are responsive at all. It is a fact that TradesUniversal had no patience and they just chose the most inefficient trading platform.
TradesUniversal Account Types
|Broker||TradesUniversal||FXTM||OctaFX||FPMarkets||XM Broker||HFM||FBS Broker|
The information concerning trading accounts is vague. They apparently include account types that can provide more benefits to beginner traders.
Also, apparently, there are accounts that have the possibility of delivering tremendous benefits to average and skilled traders. All those accounts are combined and can enable the account holder to access global financial markets.
However, all of this is fake, as this is just another broker scam. Be aware of this.
Deposit and Withdrawal Methods
On their landing page, they include various payment options. However, the only payment option available in the client area is a card. You won’t be able to proceed far enough in the payment process to see a minimum deposit amount.
However, the broker will automatically fill in the space with a minimum required amount of $250. So perhaps that is the real required minimum amount. The web page does not specifically state what the minimum deposit requirement is.
According to documentation, the minimum withdrawal amount is $100. What’s more, there’s $50 for international bank transfers. In addition to that, all withdrawals lower than $100 will be cut by $10. This certainly does not make sense.
There are many fees and charges, none of which have been detailed.
How Do They Conduct Their Fraud?
You can lose a lot of money in forex trading. Have vigilance, specifically if you are a beginner. Do sound research before opening an account with any broker. Even skilled investors who use the services of reputable brokers do this.
Beginner traders can be tricked by dozens of bogus websites posing as brokers. Scammers will lure you with many promises of easy profits. Stay away from easy cash and trade with regulated brokers only.
Usually, these fraudsters promise large profits for a tiny investment. They will advise you to invest even more, and after you deposit, your money will be lost.
You won’t even see a single penny from these so-called returns. It will become impossible to reach the withdrawal point. Scammers hide behind phony names and addresses. That means you won’t be able to trace them or hold them liable.
Credible Forex Brokers
In the following table, you’ll find a list of the most credible FX brokers. Make sure you check out some of them!
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
TradesUniversal is a scam. As you can see from this TradesUniversal review, there are many grounds to avoid this investment scam. This broker uses manipulative trading software and a bogus location.
If you have any incidents with this dishonest broker, let us know. We can help you report this broker scam.
FAQs About TradesUniversal Broker
Can You Make Money With TradesUniversal?
No. This is a trading scam and there is no way you can make money with them. You should avoid them.
Does TradesUniversal Offer A Demo Account?
Even the existence of a live trading account is unknown. This broker does not offer a demo account.
What Is TradesUniversal Leverage?
There is no leverage value to be seen. The only thing that they disclosed is the spread of 5 pips.