Universal Tradenet Limited has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.universaltradenet.com.
Tried to withdraw my funds from Universal Tradenet Limited and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
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 Tradenet Limited said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Good analytical tools|Dedicated account manager
Cons: Limited social trading features
Universal Tradenet Limited seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Educational resources|Instant funding
Cons: Account statements could be more detailed
I am in a dispute with Universal Tradenet Limited 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: Professional team|Good mobile app|Fast deposits|Automated trading options
Cons: Website design could be more modern|No fractional shares
After seeing ads for Universal Tradenet Limited online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Not registered with regulators|Unrealistic promises
I signed up with Universal Tradenet Limited after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Two-factor authentication|Multi-device support|Segregated accounts
Cons: Onboarding videos are outdated|Could offer more webinars
Universal Tradenet Limited has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Reliable uptime|Easy withdrawals|No hidden fees|Dividend tracking
Cons: Account statements could be more detailed|Live chat only during business hours
I have been trying to close my account with Universal Tradenet Limited for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Instant funding|Full transparency
Cons: Limited ETF selection
I opened an account with Universal Tradenet Limited for over a year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Educational resources|Easy withdrawals|Regular platform improvements|Fast support response
Cons: No fractional shares