An investor complained against UniversalFX, saying that the broker charged extra “tax fee” before approving his withdrawal application.To
get more news about
WikiFX, you can visit wikifx news official website.
Event recap:
One of his friends introduced to him a trader named Michael O Bolton, who
worked for UniversalFX. The investor was invited to join a Facebook
group, which provided customer service support to customers. The
investor bought US$2,720 of BTC at UniversalFX. After a few months, his
investment had grown to US$28,500.
The investor filed a withdrawal application and was informed by Michael O Bolton that he needed to pay
10% extra tax fee before withdrawing. The investor was wondering why
UniversalFX did not deduct it from his account balance, but needed an
additional payment, so he asked the UniversalFX whether they can charge
it from his account balance. But the trader, Michael O Bolton, rejected
the proposal by saying that UniversalFX never allowed such a practice,
and the investor was later blocked by Michael from the Facebook group.
UniversalFX refused to approve his withdrawal application unless he pay
the so-called tax.
At the beginning of this article, WikiFX has mentioned that UniversalFX is a suspicious clone broker, which can be
seen from the licence below. The broker truly regulated under this
license is SUPER PTY. LTD.
Per checking WikiFX App, UniversalFX has a poor rating of 0.99, and the broker currently has no valid
regulation, bearing great risks. The broker is currently active on large
social network such as Telegram and Facebook, please stay away!
Declaration:
The article evidence exposed by WikiFX is verified by the following processes:
1: Evidence Collection: (Chatting history records, Trading history
records, Banking Transaction records and recording videos from victim).
2: These evidences will be evaluated and verified by expert who has been work in forex industry for many years.
3: The editor will review it again before the article is published.
