Rating Forex / Brokers / United Global Asset

United Global Asset

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    Company UnitedGlobalAsset – a review of a totally absent entity

    UnitedGlobalAsset, the enigmatic crypto broker that promises to soar your profits to new heights, has captured the attention of many eager investors. With its flashy website and alluring offers, it seems like a dream come true for crypto enthusiasts. However, beneath the facade of success lies a sinister web of deception, cunningly designed to prey on unsuspecting customers.

    Status

    SCAM

    Year of foundation

    2001

    Affiliate program

    Unknown

    Regulation and jurisdiction

    VFSC

    Website

    unitedglobalasset.com

    Contacts

    P.O. Box 1510 Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines; WhatsApp +65 9806 7310

    Pros
    • Regulated by the Vanuatu Financial Services Commission
    • Opening an account in your preferred currency
    • Large selection of tools
    Cons
    • Negative reviews on the Internet
    • Some important terms of cooperation are not disclosed
    • No detailed analytics
    Trading Platform

    MT4

    Types of accounts

    Unknown

    Currency

    USD

    Deposit/withdrawal

    Bank Transfer; online-wallets, Neteller, Skrill; cryptocurrency.

    Min Deposit

    250 USD

    Leverage

    Unknown

    Financial Instruments

    Cryptocurrency, currency, binary options, stocks, precious metals

    Mobile Trading

    Yes

    Bonus

    No

    How UnitedGlobalAsset lures people in

    UnitedGlobalAsset operates using a sophisticated set of deceptive practices that lure people into their scam. To begin, United Global Asset entices potential investors with promises of guaranteed profits and high returns on their investments. They create a sense of urgency, claiming that the opportunity is limited and urging people to act quickly.

    To boost their credibility, UnitedGlobalAsset features fake testimonials on their website. These testimonials claim to be from satisfied customers who have allegedly made substantial profits through the platform. In reality, these testimonials are fabricated to deceive new users.

    The company showcases fake trading activities that demonstrate impressive gains. They manipulate account balances and present inflated profits to create an illusion of successful trading. In truth, these are just numbers on a screen, and no real trading is taking place.

    The UGAM portal employs referral programs to incentivize existing customers to bring in new investors. They offer bonuses or rewards to those who refer others, thereby expanding their victim pool through word-of-mouth marketing.

    The company also deliberately obscures important information about its operations, team members, and the technology behind its platform. This lack of transparency prevents potential investors from making informed decisions.

    UnitedGlobalAsset also claims to use advanced AI technology for trading, which they allege is the key to their success. However, in reality, this technology likely does not exist or plays no significant role in their operations. It’s a buzzword used to impress and deceive potential customers.

    Furthermore, once customers invest their money, UnitedGlobalAsset may initially show small profits or returns to keep them engaged. However, as more people invest, the company may suddenly disappear or stop responding to inquiries, leaving investors unable to withdraw their funds.

    Finally, the company may provide customer support during the initial stages to build trust, but as soon as significant sums are invested, the support becomes sparse and unhelpful, making it challenging for victims to seek recourse.

    What does the company claim

    UnitedGlobalAsset considers itself a pioneering and dynamic crypto brokerage firm, utilizing cutting-edge technology and a team of highly skilled professionals. The company prides itself on being a trusted partner for investors seeking to capitalize on the lucrative world of cryptocurrencies. They claim to have an unwavering commitment to customer satisfaction, promising a secure and seamless experience for all their users.

    The most important services that this company claims to offer include:

    • Cryptocurrency Trading: UnitedGlobalAsset provides a platform for users to trade a wide range of cryptocurrencies, offering access to various trading pairs and markets.
    • Portfolio Management: The company offers portfolio management services, assisting customers in optimizing their crypto holdings for potential growth and minimizing risks.
    • Investment Advisory: UnitedGlobalAsset claims to offer personalized investment advice from their team of experts, guiding customers on potential opportunities in the crypto market.
    • AI-Driven Trading Signals: They boast of utilizing advanced AI technology to generate trading signals, which purportedly helps users make informed decisions.
    • Mobile App: UnitedGlobalAsset provides a user-friendly mobile app, enabling customers to monitor their investments and execute trades on-the-go.
    • Educational Resources: The company claims to offer educational resources, such as articles and webinars, to help users improve their understanding of cryptocurrencies and trading strategies.
    • Customer Support: UnitedGlobalAsset asserts that they have a dedicated customer support team available 24/7 to assist users with any inquiries or issues.
    • Referral Program: The company encourages users to refer new customers to their platform, offering rewards or bonuses for successful referrals.

    Of course, as already said, not everything about this company is so great. For this reason, everybody is encouraged to be very careful.

    Expert opinion

    Eugene Rudenko

    UnitedGlobalAsset operates in a manner that appears to pay returns to initial investors using the funds deposited by new customers. This approach creates a façade of profitability, which can be misleading until the system eventually falters, causing significant financial losses for most participants.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Demystifying the company

    If you search for the name UnitedGlobalAsset on the Internet, you will find comments that are either too positive or too negative. Sometimes this is much worse than having purely negative comments, as the positive reviews might represent attempts from the entity itself to promote its services.

    This is also the case with UnitedGlobalAsset. The positive comments paint a rosy picture of an entity with whom everything seems to be perfect. However, when exploring under the surface, it is possible to find some darker things about it. Let’s begin by checking some opinions about this company extracted from Trustpilot.

    The person who writes this comment claims that his withdrawal request was ignored, and after one month, he is still waiting to get his funds. Furthermore, contact requests went unanswered, which of course contributes to the frustration that users have.

    In other places, it is also claimed that UnitedGlobalAsset has no fees. Sure, nobody likes fees, and a genuine no-fee company would be an instant success, but, obviously, the company needs to finance itself somehow. Also, the fact that KYC is not mandatory is also quite suspicious. Normally, in order to be certified by the relevant authorities of the countries where they operate, these kinds of entities should implement KYC as a bare minimum.

    This comment also speaks about a lack of features present at the platform. Of course, tracking the performance of our investments in 24 hours is useful, but since these are long-term endeavors, it is much better if we can check them for a longer period.

    A minimum feature that all brokers of this kind should have is to be able to track the performances of their investments in the long term. If that’s not available, then something might be wrong with the company itself.

    According to this comment, UnitedGlobalAsset even took the funds from his wife, which of course would make anybody quite upset. Thankfully, it seemed that some settlement was reached after some time.

    UnitedGlobalAsset is failing in some of the most essential aspects that should be taken care of. Obviously, if people deposit their money in an entity of this kind, it is because they expect that at some moment they will be able to withdraw it. Yes, technical problems might happen, but if these things occur, the customer support must be absolutely ready to solve issues and assure users that everything is fine.

    This user directly calls UnitedGlobalAsset a “fake company”. He claims that, despite adding funds to his account, they were never reflected in his balance.

    Also, a problem with its app is mentioned as well. Since most people use their phones for conducting their transactions, it is absolutely essential to offer reliable mobile software to operate from. Failing in those two aspects can quickly turn a company into a total disaster.

    Final conclusions

    In conclusion, the scam United Global Asset is precisely that, a scam. It preys on the trust and enthusiasm of innocent investors. Its fraudulent tactics, deceptive marketing, and manipulative practices are designed to trap unsuspecting customers in a web of deceit. As the expert opinion warns, investing in UnitedGlobalAsset is akin to playing a dangerous game with your hard-earned money, and the inevitable consequences are likely to be devastating.

    Investors should exercise extreme caution when dealing with such platforms and conduct thorough research before entrusting their funds to any crypto broker. Remember, if an offer seems too good to be true, it probably is. Stay vigilant and protect yourself from the clutches of deceitful schemes like UnitedGlobalAsset.

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    FAQ

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    Does the opinion of a broker's clients affect its reputation?

    The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about United Global Asset are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.

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    How to write a review about cooperation with United Global Asset on the website?

    To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.

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