Universal Trade Limited Company

Universal Trade Limited Forex Broker - Complete Information Guide

1. Broker Overview

Universal Trade Limited is a forex brokerage firm established in 2020, primarily based in Zurich, Switzerland. The company operates as a private entity, providing trading services to clients globally. Its headquarters is located at Dufourstrasse 49, 8008 Zurich, Switzerland. Universal Trade Limited aims to cater to a diverse client base, including retail traders and institutional investors, offering them various financial instruments for trading.

Since its inception, Universal Trade Limited has focused on expanding its service offerings and enhancing its trading platform. The firm has positioned itself as a player in the competitive forex market, despite being relatively new. It provides access to various financial instruments such as forex pairs, commodities, and indices, enabling traders to diversify their portfolios.

The business model of Universal Trade Limited revolves around retail forex trading, where individual traders can engage in speculative trading activities. The company has also expressed intentions to develop institutional services, although specific details about these offerings are not extensively covered in available sources.

In summary, the Universal Trade Limited broker is a new entrant in the forex trading landscape, focusing on providing diverse trading services from its Swiss headquarters.

2. Regulation and Compliance Information

Universal Trade Limited currently operates as an unregulated broker, which raises significant concerns regarding its legitimacy and the safety of client funds. According to various sources, including the Autorité des Marchés Financiers (AMF) in France and the Federal Financial Supervisory Authority (BaFin) in Germany, the company has been included in warning lists for engaging in unauthorized forex activities.

The lack of valid regulatory oversight means that Universal Trade Limited does not hold any licenses from recognized financial authorities, such as the Swiss Financial Market Supervisory Authority (FINMA) or the Financial Conduct Authority (FCA) in the UK. Consequently, there are no regulatory numbers or licenses to validate its operations.

Furthermore, the broker does not appear to have a clear policy regarding the segregation of client funds, which is crucial for ensuring the safety of clients' investments. The absence of participation in investor compensation schemes further compounds the risks associated with trading with Universal Trade Limited.

The company's KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures are also unclear, which is a critical aspect of any reputable brokerage. Without proper regulatory oversight, clients may face challenges in recovering their funds in case of disputes or insolvency.

In conclusion, the Universal Trade Limited broker lacks the necessary regulatory framework to ensure the protection of its clients, making it a risky choice for potential investors.

3. Trading Products and Services

Universal Trade Limited offers a range of trading products, primarily focusing on forex currency pairs. The broker provides access to a variety of major, minor, and exotic currency pairs, catering to different trading strategies and preferences. However, specific details regarding the number of available currency pairs are not disclosed in the available sources.

In addition to forex, Universal Trade Limited offers Contracts for Difference (CFDs) on various asset classes, including:

• Indices: Major global indices that reflect the performance of stock markets.
• Commodities: A selection of commodities such as gold, silver, and oil.
• Stocks: Shares from various companies listed on major exchanges.
• Cryptocurrencies: Digital currencies, although the specifics about which cryptocurrencies are offered remain vague.

The frequency of product updates and the introduction of new trading instruments is not explicitly mentioned, indicating a lack of transparency in this area.

For retail clients, Universal Trade Limited provides trading services that allow them to engage in speculative trading across these asset classes. However, the broker has not clearly outlined any institutional services or white-label solutions, which could be a potential area of growth for the firm.

In summary, while the Universal Trade Limited broker offers a diverse range of trading products, the lack of detailed information regarding the specific instruments and their availability may deter potential clients.

4. Trading Platform and Technology

Universal Trade Limited does not support popular trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are widely recognized in the industry for their robust features and user-friendly interfaces. Instead, the broker provides a proprietary trading platform, although details about its features and functionalities are limited.

The broker's trading platform is accessible via web browsers, allowing clients to trade from various devices without needing to download software. However, the absence of mobile applications for iOS and Android platforms may hinder the trading experience for users who prefer mobile trading.

Regarding execution modes, the specifics of whether Universal Trade Limited operates on an ECN (Electronic Communication Network), STP (Straight Through Processing), or Market Making model are not clearly defined. This lack of transparency regarding execution methods raises questions about the quality of trade execution and potential slippage.

The broker's server location and technological infrastructure details are also not provided, which is critical for assessing the reliability and speed of trade execution. Additionally, there is no mention of API access or support for automated trading, which are essential features for algorithmic traders.

In conclusion, the Universal Trade Limited broker lacks the technological sophistication and transparency that many traders seek, making it a less attractive option for those who prioritize advanced trading tools and platforms.

5. Account Types and Trading Conditions

Universal Trade Limited offers several account types, each tailored to different levels of investment. The minimum deposit requirements for these accounts are notably high, with the basic account starting at $5,000. The available account types include:

• Blue Member: Minimum deposit of $5,000.
• Silver Member: Minimum deposit of $20,000.
• Gold Member: Minimum deposit of $50,000.
• Elite Member: Minimum deposit of $150,000.

The specific trading conditions, including spreads and commissions, are not transparently provided, which is a significant drawback for potential clients. The broker's website does not disclose the spreads for various instruments, leaving traders uncertain about the costs associated with trading.

Moreover, the leverage ratios offered by Universal Trade Limited are not specified, which is essential information for traders looking to manage their risk effectively. The minimum trade size and overnight fee policies are also not detailed, further complicating the decision-making process for potential clients.

In summary, the Universal Trade Limited broker presents high entry barriers through its minimum deposit requirements and lacks clarity regarding trading conditions, which may deter a broader range of traders.

6. Fund Management

Universal Trade Limited supports multiple deposit methods, including bank transfers, credit cards, and electronic wallets. However, the specific payment options available are not clearly outlined in the sources reviewed.

The minimum deposit requirement varies by account type, starting from $5,000 for the basic account. The processing time for deposits is not explicitly stated, which can lead to uncertainty for traders looking to fund their accounts quickly.

Regarding deposit fees, there is no detailed information available, leaving potential clients in the dark about any potential costs associated with funding their accounts. Similarly, the withdrawal methods and any associated limitations are not provided, which is crucial for traders wanting to access their funds.

The processing time for withdrawals is also unspecified, which can be a critical factor for traders who require timely access to their funds. The fee structure for withdrawals remains unclear, adding to the overall lack of transparency regarding fund management.

In conclusion, the Universal Trade Limited broker does not provide sufficient information about its fund management processes, which raises concerns about the overall client experience and trustworthiness.

7. Customer Support and Educational Resources

Universal Trade Limited provides several customer support channels, including phone, email, and potentially online chat, although details about the availability of these services are limited. The primary contact number is +442030974830, and email support can be reached at support@universaltrade.io.

The service hours and time zone coverage are not specified, which can be a significant limitation for clients in different regions. Additionally, the languages supported for customer support are not clearly mentioned, potentially hindering communication for non-English speaking clients.

In terms of educational resources, Universal Trade Limited appears to offer minimal support. There is no indication of webinars, tutorials, or eBooks that could assist traders in improving their skills and understanding of the market. The absence of market analysis services, such as daily reports or research, further limits the educational offerings available to clients.

The lack of trading tools, such as calculators, economic calendars, or signal services, also points to a deficiency in the support provided to traders.

In summary, the Universal Trade Limited broker falls short in terms of customer support and educational resources, which are crucial for traders looking to enhance their trading knowledge and experience.

8. Regional Coverage and Restrictions

Universal Trade Limited primarily serves clients in various regions, although specific details about its main service markets are not provided. The company appears to focus on a global clientele, but the absence of regional office distribution limits clarity on its operational reach.

Certain countries and regions may not be accepted for client registration, but the specific restrictions are not detailed in the available sources. This lack of information can lead to confusion for potential clients seeking to engage with the broker.

Additionally, any special restrictions or regulatory considerations that may affect clients in specific jurisdictions are not mentioned, which is critical for ensuring compliance with local laws.

In conclusion, the Universal Trade Limited broker does not provide sufficient clarity regarding its regional coverage and restrictions, which may pose challenges for potential clients looking to understand their eligibility to trade.

In summary, while Universal Trade Limited presents itself as a forex brokerage with diverse offerings, the lack of regulation, transparency, and comprehensive information raises significant red flags for potential clients. Traders are advised to exercise caution and conduct thorough research before engaging with this broker.