Universe Finance is functioning as a clone website, pretending to be a Financial Conduct Authority (FCA)-approved forex broker. Scammers frequently use this dishonest technique, called website cloning, to trick traders and obtain their money illegally.
You should proceed with utmost caution and avoid doing business with Universe finance in order to protect your financial interests. It’s critical to exercise caution and steer clear of dealing with shady websites in order to save your funds from future financial loss.
Scam brokers are common in today’s forex market, thus traders need to be cautious when dealing with any online financial trading firm. You need to be very wary of dubious brokerage companies such as Universe Finance, which operate anonymously, lack trading credentials, and offer subpar services predicated on dishonesty.
If you have encountered the broker Universe Finance, you will quickly learn how dishonest their business is. So, to learn more about this investment fraud, keep reading our analysis of Universe Finance.
HOW DO THEY WORK
Unregulated forex brokers typically operate as follows. They will attempt all possible means to get consumers to call and convince them to pay the first minimum deposit. They will make offers that seem too good to be true, such as “double your initial deposit” or “easy daily earnings.” Please don’t believe a word they say. It’s a fraud! Following the initial deposit, victims are moved to a more skilled con artist known as a “retention agent,” who will attempt to extract additional funds from you.
This unauthorised firm details are;
Name: Universe Finance
Address: 77 Queen Victoria street, London, Ec4v
Telephone: 02045290021, 02081449435
Email: info@universefinance.co.uk
This broker is proclaiming itself that its located in the United Kingdom.
Furthermore, Universe Finance has been explicitly warned by the UK’s FCA, which describes it as a copy of an organization with FCA authorization. Clone sites are very common in the world of cybercrime, where con artists use the license and registration information of legitimate businesses for fraudulent means.
Because fraudsters employ unregulated and uncontrolled offshore firms to conduct their business, it is challenging to hold them accountable. Scammers also demand a copy of your ID and proof of address in order to support their allegation that all transactions were consensual and consented to by both parties.
HOW TO GET YOUR MONEY BACK
In the event that you have already deposited money with them and they decline to return it to you—which is highly likely to occur—don’t worry; there may be a method or two to recoup your money. Firstly, you must retain the emails as documentation of your repeated requests for a refund, in which case they will either refuse to comply with your requests or willfully prolong the process to avoid giving you your money back.
Chargeback should be the first action you take! Also, you ought to take immediate action! Tell your bank or credit card company how you were tricked into making a deposit for an unregulated trading organization that won’t return your money. This is the most straightforward method of receiving your money back, but it also causes them the greatest harm.
Since it will ruin their connection with the payment service providers if numerous chargebacks are made. We can help you prepare your chargeback case if you haven’t done this before or if you don’t know where to begin or how to present your case to your bank or credit card company. Simply send us an email at cryptoreviewz.com