The Official Website Of UOSHING Cannot Be Accessed Normally At Present. The Company Seems To Have Gone Out Of Business. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-07-26 We Have Confirmed After Review That UOSHING Is An Unregulated Forex Broker
UOSHING Is Not A Reliable Broker For Traders, Although It Claims That The Quotes It Offers To Its Clients Look Good. UOSHING Claims To Be Authorized And Regulated By The Financial Trading And Reporting Analysis Centre Of Canada (FINTRAC), With An MSB Operating License: M20153968, And Is Also Regulated By The National Futures Association (NFA) Of The United States, Regulatory Number: 0531209.
We Did Find Results Matching UOSHING In Both Of The Above Authorities. But First Of All, Please Note That FINTRAC Is Not A Regulator That Issues Licenses To Operate Foreign Exchange Transactions Or Regulates Entities That Engage In Foreign Exchange Services.
Secondly, Regarding The Regulatory Information Of The NFA, UOSHING Is Not A Registered Member Of The NFA And Therefore Is Not Effectively Regulated By The NFA. As A Foreign Exchange Trader, You Must Keep In Mind That If A Trader Claims To Be Eligible To Solicit US Clients For Foreign Exchange Transactions, They Must: 1) Be A Registered Member Of An NFA-accredited Foreign Exchange Dealer; 2) Be Recognized As A "retail Foreign Exchange Dealer". However, UOSHING Does Not Meet These Conditions.
The Fact Is That UOSHING Is Not Regulated By Any Regulatory Authority. The Funds Invested By Investors In This Broker Are Not Safe And Cannot Be Protected By Any Law. It Is A Fake Broker.
Due To The Inability To Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For The Regulation, It Has Been Verified That UOSHING Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
NOTE: UOSHING As A, Unregulated Broker, This Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
