One-day website: broker review uxool.com and reviews of affected traders
The brokerage company Uxool quickly gained a dubious reputation, becoming an example of another fleeting project. The web platform uxool.com attracts new clients, promising fabulous profits with minimal effort, including a wide range of options for trading fiat and cryptocurrencies. However, high promises do not lead to real earnings, and the broker shows all the signs of fraudulent activity, actively attracting funds from unsuspecting individuals.
General review of uxool.com
Let’s start by examining the platform’s branding. The name Uxool has no meaning and stands out against the typical “forex” and “trading” names common to many brokers. The registration of this broker is likely to be found in the top search engine results, which plays into the hands of dishonest actors.
One characteristic feature of reviews of such companies is an impressive list of awards, which usually do not correspond to actual customer reviews. In the case of Uxool, the creators also decided to attract attention by claiming to have prizes for successful trading. However, this raises doubts, especially seeing such “awards” as “Best Forex Provider of 2015,” considering that the domain uxool.com was registered only in February 2019.
An important aspect of any broker is the presence of a license. The company’s claims of numerous awards pale in comparison when considering the absence of licenses from regulatory bodies, jeopardizing investment security.
Regulators’ perspective
Uxool claims to be under the reliable protection of regulators such as CySEC, MiFID, Ernst & Young, and IFSC. This statement raises doubts because Ernst & Young is an auditing firm and does not issue licenses for forex activities, while MiFID is a directive and does not issue any licenses. Real and respected regulators like CySec and IFSC do not confirm the existence of any licenses for Uxool, proving the lack of legal grounds for their operations.
Analysis of the affiliate program
The terms of the affiliate program presented on the site also exhibit signs of deception. Promises of “unlimited earnings” contradict reality, as rewards are limited. This deviates from the practices even of less-known brokers who offer percentage rates for attracting deals and encourage increased investments.
Lack of genuine reviews
There are no valid reviews on uxool.com regarding forex trading or other types of exchange activities with this brand. The low number of visitors and the lack of real public opinion underscore the characteristics of a one-day website, confirmed by hiring individuals to write exclusively positive reviews devoid of critical analysis or real experience.
Deception methods on uxool.com
The site showcases a scheme offering an easy path to enrichment through forex and CFDs. However, in practice, this leads to the client losing funds with no recourse. Attempts to work with “personal managers” turn into endless requests for additional fund injections, and client refusals lead to psychological pressure.
Conclusion and warning for beginners
Uxool is an example of an unscrupulous broker actively targeting novice traders. The site does not provide any trading conditions that could be seriously analyzed. The lack of access to real statistics, the inability to verify fund movements and rates are critical indicators of the market participant’s unreliability. It is important to spread information about these scammers to prevent their further funding.
Author: Sasha Chaika
