UniversalTrade.io Review – Can You Recognize Fraudulent Pattern?

Since the company presents itself as a Swiss-based firm you would expect much more transparency from them. At least about registration details and licenses. Thus, without those, it’s obvious there’s something wrong with them.

To find out what exactly you should watch out for, make sure to read this UniversalTrade.io review until the end. But also, don’t miss out on comparing them with more transparent brokers like CPT Markets and FXTM to see why transparency makes a big deal.

Broker status:	Unregulated Broker
Regulated by:	No regulations
Operating Status:	Active FX and CFD Trading Scam
Known Websites:	https://UniversalTrade.io/
Blacklisted by:	CNMV, FSMA, IOSCO, AMF, FSC
Owner:	N/A
Headquarters Country:	Switzerland (allegedly)
Foundation Year:	2022
Online Trading Platforms:	Web-based
Mobile Trading:	Not available
Minimum Deposit:	$5.000
Deposit Bonus:	Available
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes – BTC, ETH, XRM
Available Trading Instruments:	Forex, stocks, cryptos, commodities, indices
Maximum Leverage:	1:30
Islamic Account:	Not available
Free Demo Account:	Available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	After warnings from numerous regulators, it’s clear you should stay away from this firm. If you can’t withdraw your funds with them, get in touch for refund options and assistance.

Is UniversalTrade.io Legit or a Scam?

If you want to trade with a Swiss-based company, you should look for their FINMA regulation. Only companies with those licenses issued there can be trusted. Of course, if the company has other top-tier licenses alongside, such as FCA, BaFin, ASIC, or SEC, would be a great advantage.

With this broker, it’s everything opposite. Instead of licenses, they earned multiple warnings. Most importantly, those are coming from highly reputable European regulators. Such as CNMV, FSMA, AMF, FSC, and IOSCO.

Traders Experience With UniversalTrade.io

If warnings are not enough for you, feel free to check UniversalTrade.io reviews on Trustpilot. With 100% negative comments, you shouldn’t be surprised by the mentioned warnings. Anyway, the biggest issue traders experience with this broker is related to withdrawals. It’s clear those are not possible with them.

Companies like this one use a wide range of tricks to extort money but also keep it for themselves. If that’s your experience as well, reach out to our refund team for assistance in recovering your money.

How Does UniversalTrade.io Work?

Since the UniversalTrade.io trading platform advertises automated trading services, you can expect similar promotions on social media. That’s how they attract more victims. The goal is to make them deposit the smallest amount and get them on board. The rest will depend on the company’s retention agents who will work with the clients on the trading account.

Sadly, when those traders want to withdraw their funds, all kinds of problems appear. Such as verification issues, fees, or non-existent taxes. Just remember not to pay anything upfront to get your money out. If you did, send us a message right away and we will assist you in the funds recovery process.

Who Are UniversalTrade.io Victims?

Since 2023 when this trading brand started, they were mainly targeting European traders. But be sure you are not safe wherever you are. Unless you trade with top-tier licensed firms. In any case, if you come from the following countries, be extremely careful:

• France
• United Kingdom
• Spain
• Austria

The key move after getting trapped with these brokers is to know how to recover your money. For detailed consultation, you can reach our team anytime.

What Are Trading Platforms Available?

As can be seen, the company promotes a sophisticated web-based platform. Apparently, this platform offers a wide range of advanced features. Such as Expert Advisors, trading signals, etc. Fairly, these platforms can rarely be compared to cTrader or Meta Trader. Especially if the broker is not regulated.

Is the UniversalTrade.io Mobile Trading App Available?

Even though the company advertises mobile trading, it’s not in the form you would expect it to be. Instead of trusted iOS and Android apps, the company will offer you a web trader on a mobile. Surely, not the most convenient method for any trader using advanced tools and strategies.

What Financial Instruments Does The Platform Include?

One of the ways to make traders deposit more money is with instruments offered. Generally, the company covers all five major categories. Thus, these will most likely be available for you if you deposit more money. Anyway, the options are:

• Forex – EUR/SGD, AUD/HKD
• Commodities – gold, palladium
• Shares – Alibaba, Boeing
• Indices – ASX200, CAC40
• Cryptos – ETH, LTC

Account Types Offered by UniversalTrade.io

Overall, none of the UniversalTrade.io account types offer any significant benefits. Practically, the only difference comes from lower starting spreads (not guaranteed) and more tradeable instruments. All other features like the London Stock Exchange Course, personal account manager, or similar are completely irrelevant. In any case, the options are:

• Blue – $5.000
• Silver – $20.000
• Gold – $50.000
• Elite – $150.000

Can a Trader Use a UniversalTrade.io Demo Account?

One key problem with this broker is that after completing the UniversalTrade.io login process you don’t have a demo account. With all the hidden fees and commissions, that’s a big disadvantage for traders.

UniversalTrade.io Fees, Spreads, Leverage and Commission

Trading costs make a big difference nowadays when you are choosing a broker. That’s why transparency there is crucial. Sadly, with UniversalTrade.io Forex company only starting spreads and leverage are known. Spreads start from 0.2 pips while the maximum leverage goes up to 1:30. This way they try to look like a regulated broker. However, with unknown fees, you can expect a hefty experience.

Is the UniversalTrade.io Welcome Bonus Available?

Of course, one more thing that will definitely cause trouble with UniversalTrade.io withdrawal is the bonus policy. Whatever bonus you accept, you will have to reach a minimum trading volume of 30 times the bonus amount plus the deposit. A standard trick used among scammers.

Is UniversalTrade.io Withdrawal Possible?

The key problem with the withdrawal is that it may take up to 20 days to complete. With processing time that long, too many things can change. Most importantly, the company may find excuses why not to allow it. In the frustration, you can only get your account balance to zero.

Not to mention, all alternative payment methods may include fees. But be sure the company will most likely force crypto payments. All in all, zero chance for you to get the withdrawal.

What Should I Do If I Have a UniversalTrade.io Problem?

If you have funds stuck with the UniversalTrade.io scam broker, get in touch with our team as soon as possible. Warnings are published and negative reviews are piling up. Don’t waste time when you know for sure the company is an absolute scam. Get in touch, get your first free consultation, and decide what will your next move be.