Score

1.55 /10
Danger

UAG

United Arab Emirates

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 11

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.34

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

UAG Network Ltd

Company Abbreviation

UAG

Platform registered country and region

United Arab Emirates

Company website

Facebook

Instagram

Pyramid scheme complaint

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Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2025-06-17
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Pyramid scheme complaint
Expose

News

ExposureWikiFX Review: Something You Need to Know About UAG

Founded in 2016, UAG is an online forex broker based in the United Arab Emirates. However, WikiFX has listed this broker as a scam broker. Why?

WikiFX
2023-03-19 08:30
WikiFX Review: Something You Need to Know About UAG

NewsUAG Trade Review Scam

Read our UAG Trade review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an uagtrade.com review.

WikiFX
2021-12-14 12:02
UAG Trade Review Scam

User Reviews

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User comment

2

Comments

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Last
more than one year
They kept hollering for me to add more margin, using the specter of a potential margin call as the bogeyman. Picture this: I'm getting my trading groove on, totally dialed into the game. Outta nowhere, I get a margin call. Okay, freaky, but maybe it's a fluke. So, I pony up more cash for the margin. But then, it happens again, and again. They've got me over a barrel and I'm watching my account teeter on the brink of a wipe out. Felt like having the rug pulled out from under me every. single. time.
They kept hollering for me to add more margin, using the specter of a potential margin call as the bogeyman. Picture this: I'm getting my trading groove on, totally dialed into the game. Outta nowhere, I get a margin call. Okay, freaky, but maybe it's a fluke. So, I pony up more cash for the margin. But then, it happens again, and again. They've got me over a barrel and I'm watching my account teeter on the brink of a wipe out. Felt like having the rug pulled out from under me every. single. time.
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2024-02-06 18:39
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||信者得爱||
more than one year
SCAM SCAM SCAM! DO NOT INVEST IN THIS COMPANY!! UAG IS A PONZI SCHEME! IT IS A ILLEGAL! ALL THEY DO IS TAKE YOUR MONEY BUT YOU CANNOT WITHDRAW ANY FROM THEIR WEBSITE BACK INTO YOUR OWN BANK!!! MANY TRADERS HAVE EXPOSED THEIR SCAM DEEDS. HOPE NO ONE WILL BE SCAMMED AGAIN! PLEASE PLEASE PLEASE STAY AWAY!!
SCAM SCAM SCAM! DO NOT INVEST IN THIS COMPANY!! UAG IS A PONZI SCHEME! IT IS A ILLEGAL! ALL THEY DO IS TAKE YOUR MONEY BUT YOU CANNOT WITHDRAW ANY FROM THEIR WEBSITE BACK INTO YOUR OWN BANK!!! MANY TRADERS HAVE EXPOSED THEIR SCAM DEEDS. HOPE NO ONE WILL BE SCAMMED AGAIN! PLEASE PLEASE PLEASE STAY AWAY!!
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2023-03-15 14:49
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11