Universal Citizen Review : Fees, Pros and Cons, Reviews by Real Traders

Universal Citizen

Operating status: SCAM

Website: https://fxcitizen.com/

Broker violations and abnormal records

Nov 30, 2013 The New Zealand FMA Added Universal Citizen into Its Warnings and Alerts
On 1 Dec 2013, the New Zealand FMA issued a warning against Universal Citizen for not being authorized in New Zealand and for using false and misleading advertising. You may visit: https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/fxcitizen-universe-citizen-limited/

On 1 Dec 2013, the New Zealand FMA issued a warning against Universal Citizen for not being authorized in New Zealand and for using false and misleading advertising. You may visit: https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/fxcitizen-universe-citizen-limited/
Mar 31, 2014 The Hong Kong SFC Added Universal Citizen into Its Alert Lists
On 1 Apr 2014, the Hong Kong Securities And Futures Commission (SFC) issued a warning against Universal Citizen for providing financial services without authorization. You may visit: https://www.sfc.hk/en/alert-list/1252

On 1 Apr 2014, the Hong Kong Securities And Futures Commission (SFC) issued a warning against Universal Citizen for providing financial services without authorization. You may visit: https://www.sfc.hk/en/alert-list/1252
Jan 17, 2021 The Italy CONSOB Added Universal Citizen into Its Warnings
On 18 Jan 2021, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning against Universal Citizen for offering financial services illegally. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings/documenti/english/entutela/cns/2021/enct20210118.htm

On 18 Jan 2021, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning against Universal Citizen for offering financial services illegally. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings/documenti/english/entutela/cns/2021/enct20210118.htm
Jul 27, 2022 BrokersView has Reviewed that Universal Citizen is an Unregulated Forex Broker
Universal Citizen claims to be a reliable firm 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 Citizen shows its company address is in Seychelles. However, we did not find any match results to Universal Citizen in the Seychelles regulator Financial Services Authority (Seychelles FSA).
More importantly, three famous regulatory bodies issued warnings against Universal Citizen for offering financial services without authorization and regulations, including:
1) The New Zealand Financial Markets Authority (FMA);
2) The Hong Kong Securities And Futures Commission(SFC);
3) The Italy Commissione Nazionale per le Società e la Borsa (CONSOB).
That means Universal Citizen is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Universal Citizen claims to be a reliable firm 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 Citizen shows its company address is in Seychelles. However, we did not find any match results to Universal Citizen in the Seychelles regulator Financial Services Authority (Seychelles FSA). More importantly, three famous regulatory bodies issued warnings against Universal Citizen for offering financial services without authorization and regulations, including:1) The New Zealand Financial Markets Authority (FMA);2) The Hong Kong Securities And Futures Commission(SFC);3) The Italy Commissione Nazionale per le Società e la Borsa (CONSOB).That means Universal Citizen is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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