UverseFx is an Indonesian broker claiming to offer trading services for forex, indices, and precious metals. Its official website domain was registered on September 22, 2022, under the company name PT. Universe Synergy Futures, and it's based in Indonesia. Additionally, UverseFx's regulatory status is questionable, with a lack of transparency on key information such as account types, spreads, leverage, commissions, and deposit/withdrawal methods, which could affect investor trust and user experience.
UverseFx's Corporate Background and Regulatory Information:
The official website of UverseFx is https://uversefx.co.id/en?/en, with the domain established on September 22, 2022. The company is named PT. Universe Synergy Futures, registered at Citra Towers, 19th floor, units IJKL, Jl. Benyamin Suaeb, Kav. A6. UverseFx claims to hold an official license from the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) with license number 009/BAPPEBTI/SP-PN/11/2022, and is registered as a member of several Indonesian exchanges.
Although we found the corresponding company name and website in the Indonesian BAPPEBTI database, it should be noted that BAPPEBTI lacks actual regulatory authority. Therefore, this platform is not effectively regulated, and investors should exercise caution to avoid financial losses.
Given the inadequacy of its regulatory information, investors are advised to be cautious when trading funds on UverseFx.
UverseFx's Account Registration Process:
- Log in to the UverseFx website and click the register button
- Fill out the application form
- Submit identity verification documents
- Deposit and start trading
UverseFx's Account Types:
Currently, the account types page on the UverseFx website is not accessible. This technical issue not only impedes potential customers from fully understanding the platform services but also affects investor confidence. Information on account types is crucial for investors as different types usually offer varied services, fee structures, and trading conditions. The lack of specific information makes it difficult for investors to assess whether UverseFx can meet their personal trading needs. Investors should carefully review related materials and confirm account types and specific conditions with customer service before conducting any transactions to ensure their rights and investment safety.
UverseFx's Trading Software:
UverseFx offers two renowned trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are widely praised for their comprehensive technical analysis tools, multifunctional trading systems, and support for algorithmic trading and expert advisors (EAs). Whether it's for Windows, Android, or WebTrader versions, UverseFx ensures traders can trade efficiently on various devices, catering to the needs of both mobile and desktop users. These platforms not only provide robust charting features and real-time data analysis but also allow users to create and use automated trading strategies, enhancing trading efficiency and accuracy.
UverseFx's Trading Products:
UverseFx focuses on offering a range of market instruments:
- The forex market is known for its high liquidity and opportunities from currency volatility, enabling traders to achieve substantial returns in a short period. Precious metals trading, such as gold and silver, appeals to investors seeking safe-haven assets during economic uncertainty. This type of trading is often viewed as an effective hedge against inflation and market fluctuations.
- Oil trading provides insights into the global economic health and energy consumption patterns, allowing investors to seize market opportunities through oil price fluctuations. By offering these diversified trading products, UverseFx helps traders flexibly allocate assets under different market conditions, achieving higher investment returns.
What are UverseFx's Spreads, Leverage, and Commissions?
UverseFx claims to offer competitive trading conditions, particularly with a spread of 1.5 pips on the EUR/USD pair. However, the platform does not provide detailed information on spreads, leverage, and commission for other trading pairs. For investors, understanding these details is crucial in evaluating a trading platform.
What are UverseFx's Deposit and Withdrawal Methods?
UverseFx collaborates with top Indonesian banks (such as Bank Central Asia) to offer segregated account services, ensuring the safety and independence of client funds. This arrangement allows clients to make deposits and withdrawals with greater confidence. However, the platform does not provide specific details on the deposit and withdrawal methods and processes. Clients should thoroughly understand the related services before selecting a trading platform.
UverseFx's Customer Support:
Email: info@usersefx.co.id
Phone: (021) 2260 6829
Conclusion:
UverseFx has many uncertainties in terms of corporate background and regulatory information, and its services and trading conditions lack detailed explanations. This lack of information transparency might negatively impact investors' decision-making. Investors are advised to thoroughly review related materials and confirm all key details with customer service before choosing UverseFx as a trading platform, ensuring their rights and the safety of their funds. Acting cautiously is always the best strategy to protect oneself from potential risks. UverseFx is listed as "Suspected Fraud" on TraderKnows.
