UniversalBrokerageFX.com Review
According to the Universal Brokerage FX website, Crown Forex is a partner of Universal Brokerage FX.
WARNING! 2009-05-20: Crown Forex is being liquidated by the Swiss regulators at FINMA. UBFX might be a great company, but any money placed with Crown Forex may not be be available for a long time. No withdrawals have been available from Crown Forex since December of 2008. Now anyone with an account at Crown will have to stand in line with the other creditors.
WARNING! 2009-07-27: UBFX is having some sort of legal issues. One of their representatives tried to erase info he'd left in the FPA's forums. If you have placed money with them, we recommend calling the SEC for advice.
Scam Confirmation! 2009-12-29: The SEC says that much of the money wasn't really invested. It appears that this was not just a managed account company that picked the wrong broker, but it's also charged with being a Ponzi Scheme.
Website is down. One less scam company in business.
Recent User Reviews of UniversalBrokerageFX.com
It would be great if there was someone to provide answers. If anyone knows of a good lawyer that can handle the international aspects of this, please let me know. I am not sure if the Swiss government is stealing the money (they have been known for shady deals in the past), or if it's the Jordian owners of Crown, or if it's Trevor and Pat. But the tangled web sure feels like a conspiracy. And that from someone who's radio program accused the US Gov't and others as being in a conspiracy!
I don't know all of the rules for this forum - but if allowed by the moderators, my contact info is: jerome.reynolds+ubfx@gmail.com.
Should we call State Attorney's office?
Can anyone tell me if UBFX is still in operation, i have been trying to contact their office, with no answer?
Thank You
Sincerely,
Charlotte Dynowski
FPA Review Moderation Team Note: We've removed the 4 star rating from this review. We have information directly from the Swiss regulators that have control of Crown Forex that all withdrawals have been blocked since December of 2008. As far as we know, all UBFX managed accounts are at Crown. Under these circumstances, we will require significant clarification about these problem free withdrawals.
Review Moderation Team Note: 4 Star rating removed until this is clarified. We have confirmation from the Swiss Authorities that withdrawals from Crown Forex have been impossible for over 4 months. Harry, can you please clarify exactly what broker these withdrawals were made from?