Universal AI Trade (universalaitrade.com) has been flagged by Australian Securities and Investments Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal request from Universal AI Trade (universalaitrade.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Social trading features|Tax reports included|Low minimum deposit|Excellent charting
Cons: Nothing significant
If you are reading this considering Universal AI Trade (universalaitrade.com) - run. I wish I had read more negative reviews through a forum discussion. I thought the positive ones were real. Maybe some are. My experience over for over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Intuitive for beginners|Clear documentation
Cons: Charting tools need more indicators|No crypto staking
I am in a dispute with Universal AI Trade (universalaitrade.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Educational resources|Reliable uptime
Cons: None so far|No integrated tax optimization
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Universal AI Trade (universalaitrade.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Portfolio tracking tools|Good mobile app|Automated trading options
Cons: Search feature is basic|Help articles are sometimes vague
Universal AI Trade (universalaitrade.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Copy trading available|High security standards|Smooth onboarding|Excellent charting
Cons: Limited ETF selection|Currency conversion fee exists