Read our Universal Wealth Group review to see if we recommend this broker for trading. Just to clear doubts, this is an universalwealthgroup.com review.
Who are they?
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 notoriously famous for scamming schemes.
So Universal Wealth Group is just another unregulated forex broker, which means the customers are not 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 it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying 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, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
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 does not 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?
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 a 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 you were deceived into depositing for a trading company that is not regulated and 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 us at [email protected] but do not let your broker know they you read this article or that you are in contact with 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 that 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 the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. 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 do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Universal Wealth Group in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, 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 please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Universal Wealth Group Review Conclusions
Making the Universal Wealth Group review is actually a pleasure for us, and we hope to save as many people as possible 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 Universal Wealth Group 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.
Das sind Betrüger und Abzocker, kein Geld sollst du investieren, die fangen mit 250€ an, sind so penetrant und locken dich in die Falle. Nach 3 Tagen wollen sie dir schon 1000 € nehmen, es gibt kein Trading, es gibt kein Gewinn, die betrügen leute und machen nur leere Versprechen, sogar deine 250€ zahlen sie nicht zurück,daswar ja für die Aktivierung vom Konto.
Von anderen Platrformen bekommst das zurück, von denen aber nicht.
Abzocke!
This is sophisticated scamming company. They seem very legit and appear to be registered with Company House in The UK
My brother in law was convinced to give €250, then €1000 and then another €5000. They even used Anydesk to control his laptop to ‘help’ him make the big transfers to Coinbase in Ireland.
The ‘representative’ sent a copy of her passport ‘Antonia Bennet’. Their website shows the ‘earnings’ in fancy charts. When he requested his money, he was told he needed to first pay €1000 to the UK tax department. He transfered it. Then they disappeared. No-one answers the phone, the email bounce.. Total Scam. Police are useless.. Banks don’t help either.
They are criminals !!!
Don’t do business with them. The moment you want your money back they start playing stupid. Sorry Sir, we haven’t received your emails etc. Their Landline doesn’t work so you can only communicate via wattsup. Now that I’m chasing them they don’t reply to my texts and don’t take my calls.
STAY AWAY !!!
I can confirm they are a scam. They pretend to be registered with or a subgroup of a very popular financial business in your geographical location. They use this trust and ask for money. They will use Anydesk and takeover your computer to “help” you. Some of the scammers are Gia Marshal, Anna Miller, Stanley Martin, and Richard White – all very fake sounding names. They will communicate with you through WhatsApp and email. Over the phone, they sound Italian. The second you catch on, you will never hear from them again. I’m not overexerting when I say they took a lot of money from a family member. Please, take this warning.
I have been scammed too for exactly Canadian $320,they seems legit but I am very disappointed because it was my only saving plus he convinced me for a loan of $3500 +another $750from another loan company so plz help us stop those criminals and bring them to justice
Sob unos estafadores yo he perdido 250€ no entregues tu dinero lo vas a perder
I first deposited $300 made minimal amount after one month, was advised by my broker Nora Wells, if we deposit $1000 we would start to make money. So I did, I advised my Broker that if I made enough, I would first get my Thousand back in to my BMO account. She said you were now making money if you could deposit a couple more thousand dollars you would make a lot more. And I said sorry I can’t afford it. But at that time, she was watching what I was doing on the computer, and saw my bank account that I have for $4,000. In savings. And wanted me to put two 2-$3000 more, and I said no. I told her I was making a deposit on Monday, she advised it was very stupid, of me. She is very aggressive when she talks with me, and I said do you talk to all your clients like this? Because this is my money and we’re doing it my way. So just for your information tomorrow I will be withdrawing this money out. If I still can ? Please let me know anything further. Thank you in advance Mike Grunerud.
Iost my money 1200$ cannot joint the broker call GIA MARCHAL AND amen cal MARCO
Hola, desgraciadamente encontré vuestra pagina unos dias despues de mi último depósito de dinero, a mi me engañaron con una llamada diciendo que eran amazon, si no hubiesen utilizado esta estrategia no los habría atendido. Como en casos que ya he leido utilizaron anydesk y lo gestionaron todo. Me han robado 5200 euros y veo muy complicado poder recuperarlos ya que nadie ha puesto nada positivo sobre este tema.
Me dirijo a todos los afectados que, como en mi caso hayan sido engañados utilizando el nombre de amazon, que lo pongan en conocimiento de la empresa (amazon), a ver si entre todos pudiesemos echarles encima al gigante empresarial a estos malnacidos que ojala se pudran en el infierno.
Gracias y un saludo
De vrais bon arnaqueurs… Avec anydesk elle a voulu m aider… Au final c était pour voir mon compte de bank.
Ensuite elle elle a réussi à me faire déposer plus me promettant des gains au 2 semaines…
Résultat aucun gain de déposer ds mon compte.
Ensuite j’ai demander de retirer mes fond… Surprise… On me demande de payer le crédit car au départ il promet un bonus.
Y parle seulement sur whatsapp.
Et pire au départ il me font à déposer dans un sit pour acheter de la crypto. Pour moi Bitcoin… Et ses la quel transfert vers universel wealth group.
Et maintenant je tente de retirer mes fond… Mais ses pas garentie que je retrouve le tout
(1/5)
Los malditos bastardos me han estado llamando para que les diera 3000 euros por los intereses y despues me darian el dinero, les intenté razonar que descontaran o se quedaran con todo menos lo que me habían quitado y se quedaban sin argumentos, solo decían que era la manera en la que había que hacerlo, al final les dije que eran unos sinvergüenzas y ahí se darían cuenta de que no me iban a robar ni un céntimo más, al poco me ha desaparecido el acceso directo que tenía. Así funcionan estos malnacidos, que pena no haberles dicho todo lo que se merecían, ojalá la vida les devuelva todo el daño que están haciendo.