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UOBE FX

Operating status: SCAM

Website: https://uobefx.com/https://www.uobe-fx.com/admin/#/login?redirect=%2F

Broker violations and abnormal records
  • Aug 21, 2023 BrokersView has reviewed that UOBE FX is an unregulated broker

    Firstly, UOBE FX, whose domain (uobefx.com) is newly registered in June of this year, uses a website template popular among scammers, suggesting their intent to defraud.

    Secondly, on UOBE FX website, it claims to be headquartered in the UK and has the MSB license from the US. BrokersView has conducted a search on the registers of the UK Financial Conduct Authority (FCA) and the Financial Crimes Enforcement Network (FinCEN) but found no matching results. As such, the claim is unfounded.

    At last, since UOBE FX domain's registrant is in the US, we searched the National Futures Association (NFA) register to check this broker's license in this jurisdiction. Unfortunately, no corresponding records matching UOBE FX could be found in the database.

    In essence, UOBE FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    UOBE FX is unequivocally a scam.

    Firstly, UOBE FX, whose domain (uobefx.com) is newly registered in June of this year, uses a website template popular among scammers, suggesting their intent to defraud.Secondly, on UOBE FX website, it claims to be headquartered in the UK and has the MSB license from the US. BrokersView has conducted a search on the registers of the UK Financial Conduct Authority (FCA) and the Financial Crimes Enforcement Network (FinCEN) but found no matching results. As such, the claim is unfounded.At last, since UOBE FX domain's registrant is in the US, we searched the National Futures Association (NFA) register to check this broker's license in this jurisdiction. Unfortunately, no corresponding records matching UOBE FX could be found in the database.In essence, UOBE FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. UOBE FX is unequivocally a scam.
  • Dec 20, 2023 The FCA adds UOBE FX to its warning list

    On December 21, 2023, the Financial Conduct Authority (FCA) issued a warning against UOBE FX, classifying it as an unauthorized firm in the UK illegally offering financial services. https://www.fca.org.uk/news/warnings/uobe-fx

    On December 21, 2023, the Financial Conduct Authority (FCA) issued a warning against UOBE FX, classifying it as an unauthorized firm in the UK illegally offering financial services. https://www.fca.org.uk/news/warnings/uobe-fx

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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