Read our UOP Capital review to see if we recommend this broker for trading. Just to clear doubts, this is a uopcapital.com review.
Is UOP Capital Legit?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are infamous for scamming schemes.
So, UOP Capital is just another unregulated forex broker, which means the customers aren’t protected, and there is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try any conceivable method in order to make that happen. They will offer deals that sound too good to be true. Like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good UOP Capital reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It doesn’t matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back UOP Capital?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you. Or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how they deceived you into depositing money for a non-regulated trading company. Mention also that they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact [email protected] but don’t let your broker know they you read this article or that you are contacting us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave UOP Capital reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about UOP Capital, and describe shortly what happened. If you fallen victim, please leave a review and a comment on this site at the comment section. Also, when these people change their website, they tend to call the old clients. So, if they call you from a new website, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.
UOP Capital Review Conclusions
Making the UOP Capital review was our pleasure, and we hope to save as many people from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our UOP Capital review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade, please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
True, they will tell you to deposit 256 euro i.e. 405 aud. They will charge you for some trading education and promise that the same money will go to your account too. A case manager calls to you help you with trading but I wanted to withdraw my money, now they are declining and not even replying to me.
Even giving 1 star is being too generous. There is no way I can contact them and they will not respond to any of my messages. I just wanted to close my account and withdraw any remaining funds I have with them. Very frustrating!
(1/5)
UOP Capital = A BUNCH OF SOPHISTICATED CROOKS
Hello everyone,
My friends call me Ike. Thank you for taking your time reading my review about UOP Capital. I believe it will save you money and time – your time is your life.
So at the end of December 2022 I opened an account number 193306 at UOP Capital, depositing EUR 250 via Credit Card payment regarding the paying link sent by UOP Capital employee – that was the 1st dodgy thing – they make you pay for one thing and you got the other thing. Then I gave UOP Capital the authorization to trade using my account 193306. They employees made some profit to my account until 19th January 2023 when they suddenly stopped trading. After my email to support at uop capital dot com where I requested withdrawal to my crypto wallet saying after I see how it goes I will deposit £3000-£5000, they sent me my profits within 24 hours.
After that, the UOP Capital completely ignored my written requests to withdraw my deposit and to close my account with them. Different persons replied to my emails saying BS and doing nothing about my request. The phone number provided for Customer Services at the bottom of their emails doesn’t exist, try to call and check +44 20 3885 0541. My deposit is still on my account with UOP Capital. I have all the screenshots and emails with them, this review was my 1st action and further action will follow. Please guys, Do Not Waste Your Time and Money with UOP Capital. Thank You All, Best Wishes, Ike. PS: lets see can they allocate my account hahahhahha…cheers !
(1/5)
It is a scam! You’ll never get your money back!
(1/5)
This is a SCAM company, do NOT invest with them!!!
It started well with initial deposits growing, but when requesting for withdrawals of profits and monthly dividends to be paid out they started to obstruct saying profits couldn’t be paid out as I had to wait at least 3 months, and instead had to invest more. A new account manager was suddenly assigned to my account, who is the rudest and most awful person I’ve come across in my professional life! His behaviour was so unprofessional I finally filed a formal complaint via UOPs home page and revoked the MAA agreement refusing him, and anyone else at UOP, to make trades at my account.
After a series of exchange and escalation of communication, with still no profit payments, no dividend payments, and even refusing to approve withdrawals of my deposits, the situation implodes. Suddenly, I realize that someone at UOP has made trades at my account, despite having revoked the mandate, and over night makes a series of extremely risky trades that causes all my deposits and earned profits to go to zero! This is clearly a fraudulent and intentional act by one of their associates, which I unfortunately can’t name here, but would like to.
Following yet a new formal complaint, I’m contacted by someone claiming that UOP has been taken over by a new company, with connections to Binance, and that the previous management has left and “ex-UOP” doesn’t exist anymore…. He offers me to recover the lost funds and make a first partial transfer to a Binance account. But, in order to do so he also requires me to make a matching transfer to the same Binance account…..
At this point I contacted the police and my banks fraud department, who confirms that this entire chain of actions follows a typical scam process, with the latest “offering” from UOP (or whatever the company is) being a classical “scam recovery process”.
I’ve now filed a police report and they, together with the bank, are now leveraging their international networks to run an investigation on UOP.
I have little hopes getting all my money back, but by sharing my own painful experience, I hope to protect others from investing in them. Don’t even think about it. It’s all scam! Trust me, I’ve learnt the the hard, and very costly, way… 🙁
(1/5)