Introduction
In a world that is increasingly shifting towards digital transactions and online trading, identifying a reliable broker is of paramount importance.
UnitedGlobalAsset, claiming a legacy of over 15 years in the financial service industry, is one such offshore broker that has caught the attention of many.
But how does it fare in terms of regulatory adherence, services, and overall transparency? This comprehensive review will delve into these aspects and more.
About United Global Asset
Company Overview
United Global Asset Holding Ltd presents itself as a versatile broker offering an array of financial services to a diverse client base. This includes individuals, corporate entities, and institutional customers.
The company specializes in providing market and Contract-for-Difference (CFD) access across various domains like foreign exchange, precious metals, commodities, USA blue chip shares, and cryptocurrency products.
UnitedGlobalAsset is based in two locations: T19, 1st Floor, Tana Russet Plaza, Kumul Highway, Port Villa, Efate, Vanuatu and P.O. Box 1510 Suite 305, Griffith Corporate Centre, Beachmont Kingstown, Saint Vincent and the Grenadines.
For any inquiries or assistance, you can reach out to the United Global Asset support team via email at support@unitedglobalasset.com.
Their official website can be accessed at unitedglobalasset.com.
Before deciding to interact with any online trading platform, such as United Global Asset, it’s crucial to proceed with care and perform an extensive investigation to ensure the legitimacy and safety of the platform.
To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: CapitalMarketCorp.com and MagnaSale.org.
Company’s Regulatory Status
United Global Asset asserts its regulation by the Vanuatu Financial Services Commission (VFSC). A deep dive into the VFSC register indeed confirms the presence of United Global Asset Holding Limited.
However, a vital fact to consider here is the distinction between offshore and triple AAA regulation. Compared to offshore regulatory bodies like the VFSC, AAA-rated bodies such as the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Commodity Futures Trading Commission (CFTC) have stricter rules and higher capital requirements, thus providing better security to traders.
Therefore, even though United Global Asset is regulated, trading with them may present more risks than partnering with a broker overseen by a AAA regulator.
Evaluation of United Global Asset’s Services
Website Transparency
The official website of United Global Asset is rather simplistic, with limited information regarding different account types, platforms used, or minimum deposits. This lack of transparency raises concerns about their commitment to provide potential users with adequate information to make an informed decision.
Trading Conditions
As per the scant information available on their website, United Global Asset provides CFD access to a diverse range of trading domains. However, the absence of detailed conditions for trading, such as spreads, leverage, or fees, is a significant drawback.
Absence of Terms and Conditions
A glaring deficiency on the website of United Global Asset is the absence of a terms and conditions section. The terms and conditions are fundamental as they provide a comprehensive understanding of the platform’s rules, obligations, and expectations.
Without this information, customers are left in the dark about the finer details of their agreement with the broker, which can lead to misunderstandings and even legal disputes.
This absence is a serious concern, further magnifying the transparency issues associated with United Global Asset.
Conclusion
United Global Asset, with a claimed industry presence of over 15 years, promises a comprehensive range of financial services. Although regulated by VFSC, the associated risks of trading with an offshore broker warrant caution.
Moreover, the lack of crucial information on their website concerning their trading conditions and offerings is a red flag.
Thus, potential traders should conduct thorough due diligence and weigh the pros and cons before opting to trade with UnitedGlobalAsset.
Got Scammed by United Global Asset?
If you have lost money with United Global Asset, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.
The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you.
5 Simple Steps To Get A Chargeback From United Global Asset
Follow our straightforward guide to efficiently reclaim your lost funds from United Global Asset with minimal hassle.
- Complete the Form: Begin by completing the form above, providing necessary details about your case. This allows the team to understand your situation with United Global Asset and prepare for the consultation.
- Get A Free Consultation: Schedule a free consultation with MyChargeBack team of experts. During this consultation, they will assess your case and offer guidance on the best course of action to recover your lost funds from United Global Asset.
- In-Depth Case Analysis: As you proceed with MyChargeBack, their expert team conducts an in-depth analysis of your case, identifying the optimal chargeback strategy for fund recovery based on your unique circumstances.
- Recovery Process: Their team of specialists scrutinizes your case, collects evidence, and negotiates with the involved parties to expedite the recovery of your funds. MyChargeBack team will consistently communicate with you and your bank or card issuer during the chargeback process.
- Fee Payment: Upon successful recovery of your funds lost to United Global Asset, MyChargeBack charges a fee as a percentage of the reclaimed amount. If fund recovery is unsuccessful, no fees apply, except in exceptionally complex cases.
Through these five straightforward steps, MyChargeBack simplifies the fund recovery process, enabling you to reclaim your money from United Global Asset with minimal inconvenience.
FAQs
What is United Global Asset?
United Global Asset is an offshore broker offering financial services to individuals, corporate, and institutional customers, specializing in providing market and CFD access to a variety of trading sectors.
Who regulates United Global Asset?
United Global Asset is regulated by the Vanuatu Financial Services Commission (VFSC).
How long has United Global Asset been operating?
The company claims to have been in the industry for more than 15 years.
What kind of trading does United Global Asset offer?
United Global Asset provides trading options in foreign exchange, precious metals, commodities, USA blue chip shares, and cryptocurrencies.
Should I trade with United Global Asset?
While United Global Asset provides a variety of trading options, its offshore regulation status and lack of detailed information on their website necessitates careful consideration and extensive research before trading.
