The online currency trading market has reached unprecedented levels in recent times. Everywhere (not only advertising on websites, but also banners on the streets of our cities), one can see advertisements of various brokers offering Forex trading, placing funds in trust, investing in small amounts in a particular currency.
If you analyze each advertising campaign conducted in this segment, you can notice the following pattern: they promise a really high income; offer to place small amounts of funds; they are silent about the risk that is characteristic of this kind of investment. It turns out that such companies lure customers in every possible way, offering them really “golden mountains”. How do they work in practice? Consider this in this article, which is dedicated to one of such companies - Ubroker; feedback about her we will be used to evaluate her performance.
What is Ubroker?
So, you should start with the fact that Ubroker is a financial company that provides a wide range of services in the stock markets. If you refer to their official website (developed in English), it will become clear that this is a group of “professional investors”, “traders” and, in general, specialists who decided to provide their services to everyone (mainly private investors).
As stated in the History section, the platform was founded in 2010, and its main task was to combine the experience, knowledge and special skills of their traders in such a way as to connect Ubroker to the Forex market and, thus, give everyone an opportunity to trade Through them.
That is, if you go to the section of the Ubroker site “Support”, you can read about such information. There is also data on what payment systems accept funds, how money is withdrawn, where the company’s office is located (London), and much more. It should be said that, in general, the platform’s site is beautifully executed, although it is typical for projects of this profile.
What do they promise and how do they attract in the company?
As already noted, at Ubroker people are lured by favorable Forex trading conditions. In particular, high returns are promised here with relatively small investments, which, at times, cannot even be a reality in principle. For example, there is a review about Ubroker, in which it is noted that a person was called and offered to place his funds in securities. Profitability was promised at a rate of 500% per month. Of course, the naive investor agreed to this deal, which he regretted in the future.
Working conditions
According to the conditions of work on the portal, it is rather difficult to say anything. Since the company offers trust management of depositors' funds , it is obvious that the clients themselves should not work in any way: all that is required of them is the allocation of their money.
In this regard, as the reviews of defrauded investors have noted about the Ubroker portal, it is important to mention how to replenish the account on the portal (these are bank transfers, Visa, MasterCard electronic payment systems, as well as other methods).
In addition, as reported on the website in the instructions section, the company cooperates with several major foreign banks, due to which they receive the most current quotes, which is confirmed by the constant posting of analytics on the Facebook page.
Forex Trading Through Ubroker
It turns out that everyone can trade on this platform simply by entrusting their money to a “team of professionals and specialists” who will make decisions on trading operations for you. But the statistics of their work, the history of the Ubroker.com project itself, the reviews of traders working in the company - all this is beyond the reach of a simple investor, they do not provide information on this. This, in fact, can become a catalyst for reflection, because what is a public company that does not want to openly post information about itself?
Calls from www.Ubroker.com. Reviews
Another interesting nuance is the system by which investors are attracted to the system. So, a person (by unknown phone number taken from where) came up with an operator. As a rule, he is represented by the senior manager of Ubroker, the reviews also confirm that the caller may turn out to be both a consultant and even a senior partner.
The essence of the call is to convince the client to put his money in the company account. There are many ways to achieve this. They are trying to interest someone with the help of too high returns. There are also reviews about Ubroker indicating that the caller offered to return the money that the person lost in another brokerage company - MMCIS. Of course, everyone who would be offered a similar solution agreed to cooperate, because it is in his interests to return the lost contribution and increase his money. Obviously, Ubroker employees understand this. True, those who eventually agree will be disappointed, because they lose their money.
Cheating scheme
As you can see, reviews speak of Ubroker as a dishonest and fraudulent structure, which, moreover, was also engaged in various types of activities.
Obviously, the organizers of this project have found a way to find contact information for certain people: those who lost money in MMCIS, who are interested in high-yield investments and, quite possibly, in other categories. The deception schemes were used differently, although they came down to one thing: to lure money.
Fake website made on a template (Ubroker.com); feedback from traders, obviously written "from the ceiling" - all this was just a beautiful form of how investors raised funds. Then the scammers acted in the same way: when a person trusted their savings, the first time they “drew” profitability, the first profit, the opportunity to get their contribution back. After some time, the manager who initially proposed this whole venture disappeared, confirming what Ubroker really is. The reviews of the deceived indicate that people tried to do something to return the money and find the perpetrators, but to no avail.
Attempts to repair the damage and find the perpetrators
There are several reasons why it is in no way possible to "get" the real organizers of the scam. The first is online anonymity. If the resource was hosted on a dedicated server somewhere else in the world, and the domain was registered with fake data, then it was unrealistic to find the administration of Ubroker.com. The reviews confirm that it did not work to deal with scammers with complaints about the site itself.
The second reason is the false telephone numbers of the callers. Yes, they are kept by the affected investors, but nothing can be done with them, since they lead to the “left” people. In addition, there is formally no corpus delicti in those actions, because everyone knows that investing is risky.
There is another reason why you can not get the organizers of Ubroker.com. Reviews say that this is the address of registration of the company. Even if it was really created (and this is so, because they made payments), then the place of registration is London. Somehow to apply to law enforcement bodies there is problematic for our compatriots (given that the amounts that were lured out (hundreds of dollars) are not worth it). And to prove to someone something will be difficult.
Conclusions about similar commercial companies
As a result, we can say that Ubroker has little in common with trading. Most likely, they work in it with the help of psychology and the conviction of customers to provide their finances.
Therefore, in order not to become a victim of such scams, we advise you to carefully read the recommendations about the project, look for information from those who have already worked with it. And, of course, if it so happened that you became a victim of Ubroker, a review of your story will never be superfluous. He will help someone save his money.