Evaluation of Reliable Broker Criteria
When choosing a broker, it is extremely important to pay attention to a number of criteria. Bearing in mind legal justifiability, positive reviews, as well as financial and trading discipline, you can guarantee the safety of your investments. However, many investors often underestimate this phase and ignore warnings from regulators about fraud. An example is a company called Universe, which, despite being blacklisted by the Central Bank of Russia, continues to deceive its clients over and over again.
Information about Universe
Universe claims reliability and safety in trading, attracting investors with its offers. The company offers both active and passive ways of earning, with over a million clients. According to whois service data, the universe.yt website was launched in May of last year.
User reviews note that Universe operates with multiple domains, most of which have been blocked by Roskomnadzor on suspicions of fraud. Despite this, fraudsters do not stop their activities, targeting inexperienced investors and continuing to deceive them.
Authenticity Check
Regarding the provided phone number, it belongs to the company iTrade, which has received numerous negative reviews among users. Additionally, the address of the company in Ireland listed on the website, upon verification, leads to an office space rental agency. Clearly, fraudsters disregard the truthfulness of the information provided.
Legal Reporting
Universe avoids providing scanned copies of legal documents, does not disclose information about its registered address and the presence of licenses. The company’s internal documents indicate affiliation with the laws of the Marshall Islands, however, the lack of official registration raises serious doubts. Furthermore, Universe does not have a license to provide services in the CIS countries. The Central Bank of Russia blacklisted them back in October 2021.
From the reviews, it is evident that clients who ignore warnings from regulators are left without their funds and protection. Universe does not provide real opportunities for earning, leaving clients in the dark regarding fund withdrawals and deceiving them.
Client Reviews
There is an increasing number of negative reviews about Universe online, yet the company continues to operate, deceiving its clients. Victims mention facing high risks when investing in this company and now encountering problems with reclaiming their losses.
If you have anything to add to our review of this fraudulent broker or share your own experience, feel free to leave your review below.
Final Conclusions
Universe promises the world, but in reality, engages in fraud and scams. The company does not take responsibility for your investments and will not compensate for potential losses. It is recommended to avoid doing business with this organization to avoid financial harm.
