It has come to the attention of the DFSA that Danish consumers are being encouraged to invest with UWM Trading. The firm is promoted by Danish members of the firm iGenius LCC, who pledge that members of the network can achieve financial independence through investment.
UWM Trading’s website is www.uwmtrading.com. It also makes use of the name UnionWealthsManagement FZE.
The company has no authorisation to operate as an investment firm in Denmark. If you use an investment platform without a license to trade financial instruments, you are not ensured investor protection. This means, among other things, that investors cannot issue a complaint to The Danish Financial Complaint Board and that the investments are not covered by the Danish Guarantee Fund. Thus, it is unlikely that you will get your money back if things go wrong.
The Danish FSA's business register contains information on which companies are authorised to offer financial services in Denmark.