UversFx
Basic Information
Pros and Cons
Pros
- Regulated by BAPPEBTI
- Holds a Retail Forex License
- Offers Forex, precious metals, and oil trading
- Segregated accounts with Bank Central Asia
- Supported by MetaTrader 4 and 5 platforms
Cons
- Limited information on account types
- Limited transparency on leverage and fees
- No clear information on withdrawal processing times
- Limited diversity in market instruments
- No modern payment methods like e-wallets and cryptocurrencies
Is UversFx Safe and Legit?
UversFx, officially known as PT. Universe Synergy Futures, is a forex broker registered in Indonesia since 2011. With 2-5 years of operational experience, it offers trading in forex, precious metals, and oil, featuring competitive spreads starting from 1.5 pips for EURUSD and utilizing the MetaTrader 4 and 5 platforms.
The broker is regulated by Indonesia’s BAPPEBTI, ensuring compliance with local financial regulations, which generally supports its reputation as a safe and legal trading entity.
Market sentiment towards UversFx indicates a mixed reputation; while it is appreciated for its regulatory oversight and competitive trading conditions, users have raised concerns regarding transparency, particularly about account types and withdrawal processes. Customer service quality varies, with some users reporting difficulty in communication, which could impact overall satisfaction levels.
Is UversFx a Regulated Broker?
What Are the Regulatory Licenses Held by UversFx?
UversFx, officially known as PT. Universe Synergy Futures, is regulated by Indonesia’s BAPPEBTI, ensuring compliance with local financial regulations. This regulatory oversight contributes to its reputation as a legitimate trading entity within the forex market. The broker operates under a Retail Forex License, which supports its operations in offering forex, precious metals, and oil trading. UversFx does not hold any additional offshore licenses, reinforcing its status as a regulated entity within Indonesia.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| BAPPEBTI | Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan | PT. Universe Synergy Futures | Active (retrieved on [latest date]) | 93/BAPPEBTI/SI/12/2011 |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
UversFx prioritizes client fund safety by maintaining segregated accounts at Bank Central Asia, ensuring that client funds are distinctly held apart from the broker’s assets. This adherence to regulatory standards under BAPPEBTI reinforces the security and integrity of traders’ investments, contributing to a trustworthy trading environment.
UversFx Leverage
UversFx offers leverage options for both retail and professional accounts, aligning with the local regulatory limits set by BAPPEBTI. The leverage multiples vary by product category, providing flexibility while ensuring compliance with Indonesia’s legal requirements, which enhances the trading experience for different client classifications.
UversFx Withdrawal Review
How to Contact UversFx?
Does UversFx Have Withdrawal Issues?
UversFx has received mixed feedback regarding withdrawal processes. Common complaints include delays and a lack of transparency, particularly concerning withdrawal times and the specific account types available. Credible sources of these complaints often arise from user forums and review platforms. The broker’s response to complaints varies, with some users reporting prolonged resolution times. While there have been no large-scale or repetitive complaints that have led to regulatory penalties, concerns about withdrawal transparency remain a noted issue. Overall, there are low volumes of public complaints about UversFx, but transparency issues persist, impacting perceptions of safety and legitimacy.
Frequently Asked Questions
A1: Yes, UversFx, officially known as PT. Universe Synergy Futures, is regulated by Indonesia’s BAPPEBTI, which ensures compliance with local financial regulations, contributing to its reputation as a legitimate trading entity in the forex market.
A2: UversFx prioritizes client fund safety by maintaining segregated accounts at Bank Central Asia, ensuring that client funds are kept separate from the broker’s assets, thus enhancing investment security.
A3: UversFx has received mixed feedback regarding its withdrawal processes, with users reporting delays and a lack of transparency regarding withdrawal times and account types, which are common concerns in user forums.
A4: You can reach UversFx customer support via phone at +62 (021) 2260 6829 or through email at info@usersefx.co.id. They also provide a contact form on their website for additional inquiries.
A5: UversFx supports trading on the widely-used MetaTrader 4 and 5 platforms, which provide comprehensive tools for technical analysis and trading strategies.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.