Universal Markets Review: Is a Rogue Broker

Trade Universal Markets itself as the new galaxy of finance. The broker is accepting investors from every corner of the world. You can trade digital currency with zero commission. They list several tokens and current price markets on the homepage. You can also trade using your phone, laptop, or tablet. 

However, the big question is how reliable tr-universal.com is. Can you earn passive income with Universal Markets?  Stick with us as we navigate their platform to determine their authenticity. 

Universal markets accept investors from 33 countries. Some of those countries have strict requirements for brokers. However, the scheme does not give a hoot. It violates the set terms. A reputable financial body has also flagged the venture. Sorry to disappoint you, but this is not a genuine broker. 

Another overview is that this is an expensive company looking for ways to exploit customers. Their high trading costs are unattractive. Why would you pay more when you can enjoy better trading conditions with legitimate crypto companies?

Tr-universal.com Review

Universal Markets available assets include; bonds, futures, stocks, currencies, and options. Everest Capital LTD is the corporate behind Universal Markets. It is an illegitimate venture. If the broker exits the market today, investors won’t receive compensation. There is also no segregation of accounts. 

Legitimate brokers work with top-tier 1 banks. There is no mention of this company doing so, which means your money will go to the scammers' pockets. You cannot issue a chargeback once that happens. 

We do not recommend sharing your personal information with offshore companies. This is because these fraudsters never exit the market completely. They only shut down one website and ended up opening another. However, when you use your primary phone number, they keep calling you, making empty promises. 

Moreover, when opening an account, you need to verify your identity. This is done by uploading a picture of your government-issued identity. Sharing such material with anonymous individuals is risky. They can sell the data to criminals or even use it for manipulation. Invest with authorized brokers and enjoy the safety of funds and data. 

Contact Details and Customer Support

The location of Universal Markets is on Marshall Island. Sadly, there is no office address. There are several phone numbers with different countries' codes. Customer support is also available via email. You can also fill in the form on their website if you have any queries. 

Unfortunately, this does not guarantee you will hear back from the broker. Scammers tend to deactivate their phone numbers. Alternatively, they block their victims' numbers once they start being a nuisance and keep asking about the whereabouts of their funds. 

Due to the high level of unprofessionalism of Universal Markets, we doubt the company can afford to hire qualified support. They will only be responsive if you are their cash cow. The founder of the company remains unknown. 

We noticed that the broker is using recycled content used by other scammers in the past. The chances of the company existing with a different name in the past are high. The trust score of the venture is also extremely low. Ensure you perform a thorough review before opening an account. 

Universal Markets Trading Conditions 

Universal Markets avails a web-based trading platform. The interface is easy to use but lacks advanced features. It won’t be of any help to professional traders. Fraudsters often use the tool as it is easy to manipulate the price. It is also a way for scammers to fool customers that trading is taking place while it is not the case. 

The MetaTrader software is a top-notch trading software. It has programmable trading EAs and VPS that keeps traders' order active even with their gadgets off. You can also create custom scripts while utilizing fundamental and technical analysis tools. The software is also compatible with various devices. 

Unfortunately, Universal Markets does not provide trading conditions. What is the point of opening an account with them if you don’t know what you are getting into? Legitimate brokers feature at least three trading accounts. Then highlight the leverage, spread available trading assets, order execution, minimum deposit, commission, and swap. 

The entity features a spread of 5.4 pips for the EURUSD pair and 5 for the GBPUSD and USDJPY pairs. The spread is too high and unfavorable. Traders will pay more to open trade. The market standard is 1.5 pips, but companies are offering tight spreads. 

Universal Markets Withdrawal and Deposits 

Universal Markets feature payment methods like Wire Transfer, Bitcoin, Tether, Ethereum, Visa, and MasterCard. However, once you click the deposit menu, only the credit card option pops up. 

We have no idea how much amount you can deposit. Many brokers require a deposit of $250. Nonetheless, other companies have micro accounts of $10 and above. Investors can cash out a minimum amount of €100. Universal Markets charges a withdrawal fee of €10. 

Likely, you won’t be able to get back the money you deposit. Furthermore, without terms and conditions, the company can inflict hidden charges. Your money is not safe in the offshore company. Look for a legitimate platform instead. 

Regulation Status of Universal Markets

Forget about everything else and focus on the regulatory status of a broker before opening an account. You can easily find the information by visiting your country’s financial body website. Simply google this information and save yourself from the agony of being scammed. You may even call these agencies to confirm if a broker is licensed. 

Here is a list of popular watchdogs in the market. Australian Security Exchange Commission (ASEC), Commodities Future Trading Commission (CFTC) in the USA, Hong Kong Security and Future Commission (HKSFC), Malta Financial Service Authority (MFSA), The Investment Industry Regulatory Organization of Canada (IIROC), Cyprus Securities and Exchange Commission (CySEC). 

Universal Markets is an offshore platform. The platform's individuals choose the region to avoid complying with financial bodies' requirements. Marshall Island has no financial watchdog. The authority won’t be able to help recover your cash once the platform becomes extinct. 

Regulatory bodies require huge capital from brokers. The amount is a guarantee the companies can run successfully without misusing investors funds. Additionally, these agencies mandate all firms to report their daily trading reports. It ensures no price manipulation, and investors are paid what they deserve. 

Universal Markets is on the blacklist of Spain's CNMV watchdog. It is a big red flag and the last nail in the coffin. You are better off without the company. It is a guarantee opening an account will lead to a loss of money. 

Final Verdict

Universal Markets trading conditions are unattractive. The greedy company is looking after itself. They do not care if you lose funds. They are also using a basic trading platform. Their payment methods show the firm is determined to remain behind the shadows. CNMV warning should not be taken lightly. Avoid the broker at all costs. 

Here are some of the best cryptocurrency investment companies in the market. These ventures have a solid investment history. You can also check out their customer feedback online. The customer support is also professional and friendly and resolves all issues promptly. You can make passive income with them by opening an account today!