Universal Globe Trade / universalglobetrade.com has been flagged by Financial Conduct Authority 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.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Universal Globe Trade / universalglobetrade.com recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Tax reports included|Dividend tracking
Cons: Limited cryptocurrency options|Currency conversion fee exists
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Universal Globe Trade / universalglobetrade.com is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Lost entire investment|Reported to authorities|Unresponsive
The onboarding at Universal Globe Trade / universalglobetrade.com was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: API access|Professional team|Smooth onboarding|Intuitive for beginners
Cons: Withdrawal takes 1-2 business days
I looked into Universal Globe Trade / universalglobetrade.com and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Flagged by international regulators|Due diligence required
I want to warn everyone about Universal Globe Trade / universalglobetrade.com. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Several red flags with Universal Globe Trade / universalglobetrade.com: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
The platform itself is okay, but the customer service at Universal Globe Trade / universalglobetrade.com is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Segregated accounts|Comprehensive tools
Cons: No phone support on weekends|Spreads widen during volatile periods
I found Universal Globe Trade / universalglobetrade.com after a friend recommended them and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Regular platform improvements|Market news feed
Cons: Help articles are sometimes vague