Universal Expert FX has no license in providing services or products in the forex market.
Universal Expert FX claims to have a certificate from the US Securities and Exchange Commission (SEC) to look trustworthy, but this company does not exist in the SEC database. This implies that the certificate is forged.
Universal Expert FX identifies itself as a forex broker, and therefore it needs to have a license from the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). However, we could not find this platform in the NFA BASIC database. This means Universal Expert FX is not licensed in the US.
Moreover, the Financial Conduct Authority (FCA) has alerted the public about Universal Expert FX, suspecting that this broker is offering financial services or products without proper permission in the UK. You can refer to here for more details about this warning.
In summary, Universal Expert FX has no regulation from any authority. Investing with this broker is very risky, as there are no legal safeguards for the funds. Its lack of authorization can be a testament to its fraudulent nature and thus we strongly suggest investors stay away from it. To mitigate the risks, it is advisable to choose a fully regulated broker instead.
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