UOP FX is an unregulated broker which claims to abide by every circular issued by three major tier one regulators; however, they fail to specify which ones. Furthermore, bonuses and leverage up to 1:30 may be offered which violate local laws in most jurisdictions.
How does it work?
UOP Capital is an unregulated Forex broker offering traders access to multiple financial instruments. These include forex, stocks, commodities and cryptocurrencies – something which makes UOP Capital seem highly dubious and suspicious.
UOP FX website presents forex trading as an easy and lucrative way for home workers to work from home, with pictures of people relaxing on beaches. According to their claims, regular people make over $100k annually through forex trading.
Though their claims seem credible, it’s unlikely anyone could successfully use this system and make consistent gains from trading. Furthermore, their unregulated site charges outrageous fees; such as charging 5% to withdraw via credit/debit cards and an outrageous $100 maintenance fee for accounts that have been inactive for 30 days or more; both fees should be avoided as potential scams; traders should instead search out regulated brokers to trade through.
Is it a scam?
UOP FX is a broker offering an array of trading products, such as expert advisors, indicators, and training academy services to its traders. These tools can assist traders in navigating the complexities of financial markets while taking advantage of investment opportunities. However, it should be remembered that trading involves risk and any trader could potentially lose all his/her funds in trading activities.
UOP FX provides an extremely user-friendly website with plenty of useful information, plus provides customer service via email, phone and live chat – so that you can receive assistance with trading at a time that suits you best.
This broker claims that they adhere to stringent regulatory standards; however, we were unable to locate them in any of the FCA, CySEC, or ASIC registers; this suggests it may be a scam. If you decide to open an account with them, be sure to read all terms and conditions thoroughly prior to doing so.
Does it work for you?
Forex trading can be a risky endeavor and there is always the possibility that you could lose all your investment capital. UOP FX/Unit of Prosperity cannot be held liable for losses sustained while engaging in foreign exchange trading, so before making your decision to trade forex you should carefully consider your investment objectives, financial situation, needs, past performance is not indicative of future results and UOP FX/Unit of Prosperity does not offer advice or recommendations regarding trading opportunities – this website serves educational purposes only. UOP FX/Unit of Prosperity does not offer brokerage services nor do we provide brokerage services ourselves.
Uop Fx promises you can make $1k a day trading forex – and potentially escape the 9-5 grind along the way – but exactly how does this work and is it truly as straightforward?