The online currency trading market has reached an unprecedented size in recent times. Everywhere (meaning not only advertising on websites, but also banners on the streets of our cities) you can see advertisements of various brokers offering Forex trading, placement of funds in trust management, small investments in one or another currency.
If we analyze each advertising campaign conducted in this segment, we can notice the following pattern: they promise really high income; offer to place small amounts of funds; are silent about the risk that is typical for this kind of investment. It turns out that such companies lure customers in all sorts of ways, offering them real "mountains of gold". How do they work in practice? Consider this in this article, which is dedicated to one of these companies - Ubroker; we will use her feedback to evaluate her performance.
What is Ubroker?
So, let's start with the fact that Ubroker is a financial company that provides a wide range of services on the exchange markets. If you turn to their official website (designed in English), it will become clear that this is a group"professional investors", "traders" and generally specialists who have 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 the opportunity to trade through them.
That is, if you go to the "Support" section of the Ubroker website, you can read something like this. There is also information about which payment systems receive funds, how money is withdrawn, where the company's office is located (London) and much more. It should be said that in general the site of the platform is beautifully designed, although it is typical for projects of this profile.
What do they promise and attract in the company?
As already noted, people are lured in Ubroker by favorable trading conditions on Forex. In particular, they promise high incomes with relatively small investments, which, at times, cannot even be a reality in principle. For example, there is a review about Ubroker, which notes that a person was called and offered to place his funds in securities. Profitability at the same time was promised in the amount of 500% per month. Of course, the naive investor made this deal, which he later regretted.
Working conditions
According to the conditions of work on the portal, say somethingquite difficult. Since the company offers trust management of depositors' funds, it is obvious that clients themselves should not work in any way: all that is required of them is the placement of their money.
On this occasion, as the reviews of deceived investors note about the Ubroker portal, it is important to mention the ways to replenish an account on the portal (this is a bank transfer, electronic payment systems Visa, MasterCard, and other methods).
In addition, as they say on the site itself in the instructions section, the company cooperates with several largest foreign banks, due to which they receive the most up-to-date quotes, which is confirmed by the constant posting of analytics on the Facebook page.
Forex trading with Ubroker
It turns out that everyone can trade on this platform by simply 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 matter. This, in fact, can become a catalyst for reflection, because what kind of 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, to a person (according to his unknown numbertelephone) the operator calls. Typically presented as a senior manager at Ubroker, reviews also confirm that the caller may be a consultant or even a senior partner.
The essence of the call is to convince the client to deposit their money into an account with the company. This can be achieved in different ways. Someone is trying to interest 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 such a way out agreed to cooperate, because it is in his interests to return the lost deposit and increase his money. Obviously, and Ubroker employees understand this. True, those who eventually agree will be disappointed, as they lose their money.
Deception scheme
As you can see, reviews speak of Ubroker as a dishonest and fraudulent structure, which, moreover, was also engaged in various activities.
Obviously, the organizers of this project have found a way to find the contact information of certain people: those who lost money in MMCIS, those interested in high-yield investments and, quite possibly, other categories. In this case, different deception schemes were used, although they boiled down to one thing: to lure out money.
Fake website based on a template (Ubroker.com); reviews of traders, obviously, written "from the ceiling" - all this was just a beautiful form of how funds were collected from investors. Further, the scammers acted in the same way: when a person trusted his savings, at first he was “drawn” profitability, first profits, the opportunity to get his contribution back. After a certain amount of time, the manager who originally suggested the whole idea disappeared, confirming what Ubroker really is. The reviews of those deceived indicate that people tried to do something to return the money and find the culprits, but to no avail.
Trying to make amends and find those responsible
There are several reasons why it is impossible to “get” the real organizers of the scam in any way. 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 Ubroker.com administration. The reviews confirm that it was not possible to fight scammers with the help of complaints about the site itself.
The second reason is the fake phone numbers of the callers. Yes, they are kept by the affected depositors, but nothing can be done with them, since they lead to “left” people. In addition, formally there is no corpus delicti in those actions, because everyone knows that investments are a risky business.
There's another reason Ubroker.com organizers can't be reached. The reviews note that this is the address of the company's registration. Even if it was really created (and it is, because they made payments), then the place of registration is London. Somehow contacting law enforcement agencies there is problematic forour compatriots (considering that the sums that were lured out (hundreds of dollars) are not worth it). And it will be difficult to prove something to anyone.
Conclusions about similar commercial companies
As a result, we can say that Ubroker has little in common with trading. Most likely, it works with the help of psychology and persuading clients 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 also became a victim of Ubroker, a review of your story will never be superfluous. He will help someone save their money.
