18.09.2023
Registered as recently as 16 August 2023, the domain universal-expertfx.com promises to be a licensed industry leader, boasting nearly 20 years of experience and claiming to be one of the world's largest listed FX and CFD brokers. However, on closer inspection, this seemingly solid foundation is quickly crumbling and the experience of investors speaks volumes. Universal Expert FX (universal-expertfx.com) is not reputable, reviews are more than negative, and investors report missed withdrawals and significant losses. But how did this happen?

The dubious origins of Universal Expert FX

The website universal-expertfx.com was registered with Key-Systems GmbH, but anonymized by whoisproxy.com. This anonymization immediately raises questions and casts a shadow over the transparency of the company. On 5 September, the Financial Conduct Authority (FCA) published a warning against universal-expertfx.com as it did not appear to have the necessary authorization. Details can be found on the FCA website.

The questionable self-representation of Universal Expert FX

The universal-expertfx.com website claims to be a licensed industry leader. This claim is simply false. Equally dubious is the claim that the company has been operating for almost 20 years and has offices in over 13 countries. Interestingly, there is no physical address on the website and contact can only be made by email as the company cannot be contacted by telephone. There is also no imprint. In short, universal-expertfx.com appears to be anything but serious and trustworthy.

Universal Expert FX's opaque operating company

A crucial question when assessing the seriousness of a company is the operating company. Here, however, there is a complete void. The operating company of universal-expertfx.com is not officially registered anywhere and its legal form is unknown. The company has no legal accounts with established banks and is not listed on any recognized trading lists or exchanges. No authority can confirm the license or existence of the operator of universal-expertfx.com. Overall, the company raises significant questions about its legitimacy.

Investors' experiences and opinions

There are numerous discussions and testimonials about Universal Expert FX on the internet, and they are anything but positive. Investors report difficulties in receiving their winnings, non-transparent business practices, and general unprofessional behavior on the part of the company. The negative experiences have left many investors angry and unsettled.

Chain analysis: Tracking your money

A shining exception to this gloomy story is Resch Rechtsanwälte's collaboration with the American blockchain analytics company Chainalysis. Resch Rechtsanwälte has trained its investigative team in Chainalysis Reactor, a proprietary software for investigating financial crimes, including the tracking and tracing of virtual currencies such as Bitcoin. This move is a ray of hope for investors who have lost money due to their experience with universal-expertfx.com.

Verdict on Universal Expert FX

Overall, the story of Universal Expert FX shows how important it is to do your research and heed the warnings of financial regulators before investing in a company. The misleading promises and opaque business practices of universal-expertfx.com should serve as a serious warning. When in doubt, it is advisable to seek professional advice to avoid financial loss.

RESCH Rechtsanwälte GmbH - Experience in investor protection since 1986

If you have been a victim of Universal Expert FX (universal-expertfx.com) and would like to know if and how you can get your money back, please call +49 30 885 9770 or request a call back from a specialist investment fraud lawyer. You will receive a free assessment of your case.