Investment Companies

Universum Kredit

1.5 (10 reviews)
🇧🇪 Belgium
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1.5
10 reviews
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About Universum Kredit

Universum Kredit has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Indicators are limited and buggy

C
Charles Z.
1 weeks ago

After for over a year with Universum Kredit I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.

Pros: Competitive fees|Professional team

Cons: Spreads widen during volatile periods

Did my research - this is suspicious

S
Steven K.
1 weeks ago

Several red flags with Universum Kredit: (1) They promise unrealistically high returns, (2) They're not registered with Financial Services and Markets 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.

Cons: Flagged by Financial Services and Markets Authority|Cannot verify credentials

Headed in the wrong direction

H
Harry Y.
1 months ago

I wanted to transfer my portfolio from another broker to Universum Kredit. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Pros: Wide product range|Great customer service|Tax reports included|Dedicated account manager

Cons: Currency conversion fee exists|Desktop app not available on Linux

Wish zero stars was an option

A
Adrian R.
2 months ago

Universum Kredit locked my account without warning and demanded documents I had already submitted. for a few weeks now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Easy withdrawals|Great customer service

Cons: Limited social trading features

Affiliate program does not pay

A
Aiden R.
2 months ago

I gave Universum Kredit a fair chance. After for over three years of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.

Pros: Fast execution|Real-time alerts

Cons: No dark mode on mobile|Desktop app not available on Linux

Completely let down by Universum Kredit

B
Brian Z.
6 months ago

I am in a dispute with Universum Kredit 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: Smooth onboarding|Segregated accounts

Cons: Limited demo account features|Slow to add new assets

Warning to all investors

A
Andrew A.
7 months ago

I invested $2,000 with Universum Kredit after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Services and Markets Authority.

Cons: Cannot withdraw funds|Not regulated|Pressure tactics

Minimum withdrawal amount too high

C
Carl A.
8 months ago

I opened an account with Universum Kredit since the beginning of the 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: Easy to use platform|Great customer service|Customizable dashboard

Cons: Search feature is basic

Extremely poor support experience

N
Noah J.
8 months ago

Universum Kredit has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.

Pros: Easy to use platform|Clear documentation|Easy withdrawals

Cons: Slow to add new assets

Check regulatory status before investing

R
Richard L.
10 months ago

I looked into Universum Kredit and found they appear in the regulatory warnings database. Financial Services and Markets 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.

Pros: Information is publicly available for verification

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction