When it comes to choosing a broker for trading, it’s important to make sure that you’re selecting a legitimate and trustworthy broker. Unfortunately, there are many scam brokers in the market that are out to take advantage of unsuspecting traders. One such broker is universalbitlink.com. In this article, we’ll take a closer look at universalbitlink.com and explore whether it’s a legitimate broker or a scam.
Overview:
Before we dive into the details, let’s first take a look at a quick overview of universalbitlink.com.
Broker Name | Universalbitlink.com |
Regulation | Not Regulated |
Currency Pairs | Unknown |
Customer Support | Email and Phone |
Trading Method | Unknown |
Is universalbitlink.com Regulated?
One of the first things you should check when evaluating a broker is whether or not it’s regulated. Regulation ensures that a broker is following certain rules and guidelines designed to protect traders. Unfortunately, universalbitlink.com is not regulated by any financial regulatory authority. We tried to find a single line of regulation or license information on all over their about us page. But, nothing was found.
Warnings from Financial Regulations:
In addition to not being regulated, universalbitlink.com has also been flagged by several financial regulatory authorities. For example, the Financial Conduct Authority (FCA) in the UK has issued a warning against the broker, stating that it is operating without authorization.
What Currency Pair Do They Offer?
It’s unclear what currency pairs universalbitlink.com offers for trading. This lack of transparency is another red flag that should give traders pause before opening an account with the broker.
Customer Support:
Universalbitlink.com offers customer support via email only. Their email address never responds to the queries. We tried several times, but no response. Also, the live chat option on the right bottom corner is not active.
Trading Method:
It’s also unclear what trading method universalbitlink.com uses. The broker doesn’t specify whether it uses the popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, or some other trading method. This lack of transparency is another cause for concern.
What Do Traders Think About universalbitlink.com?
Given universalbitlink.com’s lack of regulation and transparency, it’s not surprising that there are numerous negative reviews from traders online. Many traders have reported losing money with the broker and being unable to withdraw their funds. Others have complained about poor customer support and difficulty in contacting the broker. You can see a pop-up coming and going after a fixed time period. This pop-up shows how different traders from different countries are earning money from their platforms, which is totally false.
What To Do If You Get Scammed?
If you believe you have been scammed by universalbitlink.com or any other broker, there are several steps you can take. First, contact your bank or credit card company and ask them to reverse the charges. You should also report the scam to the relevant financial regulatory authority in your country. In the case of universalbitlink.com, this would be the FCA in the UK.
After submitting these reports, you can submit your case to us for a quick response. You will get a free consultation and service recommendations to help you in recovering your lost fund.
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Final Thoughts:
In conclusion, universalbitlink.com is not a regulated broker and has been flagged by several financial regulatory authorities. The broker’s lack of transparency regarding its trading method and currency pairs offered, as well as numerous negative reviews from traders, make it a high-risk broker that should be avoided. Traders should always do their due diligence when selecting a broker and avoid any broker that raises red flags like universalbitlink.com.
