Universal broker claims to be an experienced broker while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.

Besides, Universal broker shows its company address is in Ireland. However, we did not find any match results to Universal broker in the Central Bank of Ireland (CBI). That means Universal broker is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.