Investordxb, you are not seeing the full warning here, UTM now has two warnings, from FCA in UK and FSC in Bulgaria. Now, let me give you the third warning: The so called new company (which is not new at all) that appeared and already lost clients money called Fx-Expert has the same IP address and location than UTM and they started to call UT clients for a new investment opportunity, they had the clients list from UT without asking the clients for permission, why? Because most probably, they are the same company. Do you still want to make any sort of investment in an unregulated company that gives 10% every month, offer bonuses and commissions upon referral based on new clients? You can lie to the facts, but the facts don't lie.
Let me tell you the same analogy as I used in another group,,, would you drive a car, knowing that the brakes manufacturer is not license to develop brakes? Would you put your life and your beloved ones at risk because of that, or would you rather choose a car where all safety equipments are fully tested and approved?
Let's come back to financial market now, this applies to any type of investment, here you're not risking your life, but you're risking your wealth and your friends and family (sorry to say, but some people don't even care about their friends once they lose it all, or even family), I've seen people losing over a $1M in unregulated investments before.
If you still don't believe, have a look at those previous companies called, Fortressfxfunds, Lionfunds and Knight Capital Markets, in a matter of 2 years, they changed names 3 times, they were promising 1000% (one thousand) a year, and for a short period of time, they actually paid that amount,,, until last December, they vanished with all clients money and left everyone in despair, then few months later, they came back with another name, but same idea, and do you know what all they had in common??? Yeah, you got it,,,, lack of regulations.
If you want to invest and you're not sure where to invest, I strongly recommend to get a financial advisor, you may think it's expensive to get one, but the expense in the beginning will avoid you fall into a trap of an unregulated investment and prevent you from losing money in the long term.
If problems happen with regulated companies, do you expect unregulated ones not to happen as well? The main difference here is that the regulated one will try to fix the problems, while the unregulated ones, most of the time, will shut down their doors.
Admin group, please don't delete the other companies names that I mentioned, I know I shouldn't mention, but those companies destroyed many peoples lives and I fear for UTM clients if they don't take actions, get out of the denial stage.
Guys, it's not that I don't want you to invest, I want you to invest in a regulated company, which you know that your capital will be safe and guaranteed up to certain limits in case of a sudden collapse in the market like in the UK territory for instance under the FCA.
Let me refresh the following conversation that I had with Muhammad from UT Markets back in July 2015, he told me the following: " Listen Dude, that's what you have (meaning a piece of paper called POA), if your colleagues (he already knew where we from) are making money, you SHOULD make money, you should TRUST your colleagues.
Is that how a staff that wants to sell the company products behave in front of a potential investor? That was my defining moment, I tested the staff on all possible situation, he didn't know what myfxbook was, can you believe? Didn't know how to answer on why the trades don't have SL's, why was not regulated and so on. Do you think I'd put my money in a company that acts like that?
