So greedy! UniversalFX even wants extra 10% withdrawal fee after defrauding investor of $28,500

An investor complained against UniversalFX, saying that the broker charged extra “tax fee” before approving his withdrawal application.

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 following is his trading record.

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.

The left person is Michael O Bolton.

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.

UniversalFXs Current State on WikiFX is Suspicious Clone.

The following is investors ID Information.

Warning!!!

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.

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WikiFX App is a third-party inquiry platform for forex broker. So far WikiFX has collected regulatory information of over 17000 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims of forex scam.

It, possessed by Wiki Co., LIMITED, was established in Hong Kong Special Administrative Region of China, mainly providing basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, WikiFX has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX App to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:

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In order to help more investors, WikiFX has launched the “WikiFX Forum” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.

The exposure function of “WikiFX Forum” includes the following features:

1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)

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