UAG Trade Asia Review: Clone Trading Platform

UAG Trade Asia is a clone website that tries to use the details of the company with the same name. Clone is aimed at wealthy Asian investors who claim to offer the best trading platform. One of the members sent an email requesting a survey of the broker. It turns out that the broker refused the withdrawal and blocked the account. The balance at that time was $ 6,000. See what we found in this exemplary UAG Trade Asia Review.

Are UAG Trade Asia Funds Safe？

Funds are never safe on clone trading sites. I don't know when the broker decides to shut down the site. Our research has shown that there is no separation of funds.

The broker transfers all funds to your bank account. Another reason to move away from them is the lack of insurance coverage for deposits. The broker does not deposit the required minimum amount with the regulatory agency.

In case of bankruptcy or bankruptcy, the member will not be compensated. That's why you should leave this broker. The site also does not have the appropriate security software to protect investors from third-party attacks.

During deposit, there is a gap that allows intrusion. Hackers can use this to steal bank information. UAG Trade Asia is not a secure trading platform.

UAG Trade Asia Overview / UAG Philippines

On their About Us page, brokers are proud to be fully regulated by the SECC. The Cambodia Securities and Exchange Commission is the body responsible for the regulation of domestic companies. Our efforts to deliver a copy of the license document to our employees have not been successful.

As a broker, you should uphold your claim. This broker does not do this, even if it has a license number in the first place.

Genuine UAG Trade Asia Co., Ltd believes that all references are checked. This is another clone trying to steal the brilliance of another company. To create a user-friendly website, we have to give them it. The site is attractive with coloring and easy navigation. That's the only advantage of this brokerage firm, and it's also their food menu. If you're not careful, investors can easily fall to your site.

Opening an Account

Opening an account with a broker has never been easier because it requires the name of the referrer. This means that you need to be signed up via the affiliate link. This is another tactic to make sure the broker is tracking the victim.

On a real trading platform, you don't need such a name to open an account. It is also possible that brokers are collecting banking information from wealthy clients. You do not need to request credit card details and a copy of your membership card to verify your account.

Affiliate and Broker Referral Program

There are well-tuned ways to ensure that brokers appeal to all classes of investors. For affiliate marketers, brokers offer three affiliate plans. These include Master Introductory, Introducer Broker, and Group Master Introducer Broker. You need to know that the

broker is not willing to pay your membership fee. Most affiliate marketers in Asia shy away from platforms.

Assets and Trading Methods

The logo on its homepage claims that the broker specializes in commodities, forex, and indexes. Members get attractive trading terms like spreads from 0.8 pips. Brokers also offer flexible leverage depending on risk management.

Execution Liquidity is also available for all exciting account types. If the broker is legal, all these terms and conditions would be great.

Platform Manager

The claim that this broker belongs to the original UAG Trade Asia Co LTD is unfounded. The broker cannot identify the CEO or CFO of the group. I don't know the name associated with this platform or website.

The actual platform even has a message from the CEO of the company. These are the mistakes that the cloning platform sets it apart from other platforms. Stay away from this anonymously replicated trading platform.

Domain Details (utacap.com verification)

Here, you'll get your hands on a cookie jar and catch a real estate agent. Brokers claim to have years of experience in online trading, which is incorrect. Thanks to the domain checker tool, you can know when the website was published.

At the time of writing this review, the site is 169 days old. The website went online on October 26, 2020. Their IP history suggests that this platform is a short-term site. We have made 10 changes in the last 4 years.

UAG Trade Asia Features

Account Plan UAG Trade Asia

Professional traders can choose from three accounts. The three accounts include Micro, Standard, and ECN. Each account owner must be an associated member of the broker. To start trading, you need to introduce this site to another trader.

These are strict trading conditions, especially if you don't know the trader. The maximum leverage of these accounts also does not bring justice to its members.

Commission

UAG Trade Asia offers commissions to all three accounts. Industry-leading regulators oppose brokers that offer bonuses and fees. The broker will use this to open a ransom account.

Members will have to repay the commission, even if the broker claims to be free. You will not be able to withdraw funds unless you deposit the amount requested by the broker. For this reason, most members cannot withdraw because the balance can easily offset the fees.

Contacts and support

According to their chat tab, there are currently no online operators. This is the message you will find and you must leave your email address and your name. This is another way to collect information from users.

After leaving a message, it may take forever for the broker to respond. These offshore brokers sell their personal information to large affiliate groups. That's why you'll find spam emails from unsubscribed products.

Deposits and withdrawals

Another reason to doubt this broker is its deposit and withdrawal options. Brokers only accept bank transfers. And this allows them to transfer funds to their account.

Brokers use offshore banks, so there is no way to track these funds. Do not use collection tools as they do not collect funds. This is an anonymous broker and there is no way to find bank details for a refund request.

Trade Terminal

The broker claims to provide an MT4 trading platform, but it is not useful for members. If you use the platform to make profitable transactions, you cannot withdraw. Once you find a trusted broker, we recommend using MT4, MT5, or SIRIX Trading Terminal. These platforms provide an intuitive and user-friendly interface.

Scam or Legitimate UAG Trade Asia

UAG Trade Asia is a scam waiting to attack investors. We recommend that you stop interacting with the platform. Without withdrawal, this is another ruthless offshore broker.