Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo financial licence anywhere, only a Saint Lucia IBC registration, and the Saint Lucia regulator confirms forex is not licensed there, so client deposits have no oversight or protection.
Identity & transparency
5/10 · ModerateLegal entity, registration number and address are disclosed and consistent, but ownership is hidden, the address is an offshore registered-agent location, and the site overstates the firm's age.
Withdrawals & conduct
5/10 · ModerateOne specific, recent fund-access complaint (cancelled profits and an unpaid withdrawal) on a single platform: serious, but not yet a confirmed multi-platform pattern.
Reputation
5/10 · ModerateThin footprint of seven Trustpilot reviews, mostly positive but very low volume; no regulator warning on record, which cuts against a worse score.
Website claims
7/10 · HighAdvertises 'Est. 2016' while the company and domain date to 2023, and implies regulated status as a 'Registered Financial Services Company' that it does not hold.
Operational history
6/10 · HighVerified track record of about three years from the 2023 company registration and domain; the advertised 2016 founding is unsupported.
Who they are
A quick desk file on the company behind the brand.
- Brand: UE Capital
- Legal entity: UE Capital Ltd (Saint Lucia International Business Company, registration 2023-00432)
- Registered: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
- Website: ue.capital (client portal at my.ue.capital)
- Only licence: none. A Saint Lucia IBC registration is a company record, not a financial licence.
- Offers: forex, plus CFDs on indices, shares, commodities, metals and crypto, on MetaTrader 5, with leverage advertised up to 1:500.
- Not accepted: residents of the United States and North Korea.
- Age claim: 'Est. 2016' on the homepage, against a 2023 company registration and a 2023 domain.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Saint Lucia (International Business Company registration)
Why we reached this verdict
How the evidence adds up.
We rate UE Capital high risk and unverified. It operates in the open with a disclosed company and a genuine MetaTrader 5 platform, but nothing an outside party can rely on actually protects a client's money.
- No regulation anywhere. UE Capital holds no financial licence. Saint Lucia's Financial Services Regulatory Authority states plainly that forex business is not licensed in Saint Lucia, and that a broker's claims of being registered, licensed or affiliated with it are false and misleading. A global search of investor-alert lists returned nothing, so no regulator supervises this firm.
- The age claim does not hold up. The homepage badge says 'Est. 2016', yet the company registration number is 2023-00432, the domain was registered in August 2023, and the first archived copy of the site is from the same month. The honest figure is about three years.
- One specific fund-access complaint. A September 2026 review (account 411745) says the broker cancelled the trader's profits, said they had 30 days to take out only their initial deposit, and then left even that withdrawal unpaid from April onward with no reply. We found this on a single platform, so we treat it as a serious warning rather than a proven pattern.
- Money with no protection. Deposits are taken in USDT (TRC20 or ERC20) as well as by card and wire, leverage is advertised up to 1:500, and there is no segregated-account rule or compensation scheme behind any of it.
- No regulator warning on record. That keeps this short of a confirmed scam, but warning lists lag new operations, so it is not a clean bill of health. The figure reflects an unregulated, young, thinly-reviewed profile rather than a confirmed theft.
Note on operating history: the 3.2-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The domain ue.capital was registered on 10 August 2023, which contradicts the 'Est. 2016' badge on the site.
E2On the same homepage, the hero badge reads 'Est. 2016' while the footer states the company was incorporated under number 2023-00432, a direct self-contradiction about its age.
StrongUE Capital websiteE3Saint Lucia's Financial Services Regulatory Authority states that forex business is not licensed in Saint Lucia and that a broker's claims of being registered, licensed or affiliated with it are false and misleading. UE Capital holds only an IBC and presents itself as a 'Registered Financial Services Company'.
E4A September 2026 one-star review reports that the broker cancelled the trader's profits, allowed only the initial deposit to be withdrawn within 30 days, then left that withdrawal unpaid from April with no response. Account 411745, initial deposit 500 USD, profits about 2,800 USD.
ModerateTrustpilotE5The IOSCO I-SCAN global investor-alert network, which aggregates warning lists from 150+ regulators, returns no warnings for 'UE Capital' or 'ue.capital' as of 7 October 2026.
ModerateIOSCO I-SCANE6The first Internet Archive capture of ue.capital is dated 12 August 2023, two days after registration, with no earlier history and no predecessor domain, confirming the operation began in 2023.
ModerateInternet ArchiveE7Deposits are accepted in USDT (TRC20 or ERC20) alongside card and wire, with leverage advertised up to 1:500, at an entity with no regulator and no segregated-account or compensation protection.
ModerateUE Capital websiteE8The MetaTrader 5 download, App Store and Google Play buttons route through download.terminal.free, a domain that is not MetaQuotes' official download service, including a direct Android APK file, rather than the official stores.
ModerateUE Capital websiteE9The legal entity UE Capital Ltd, the registration number 2023-00432 and the Rodney Bay registered address are disclosed consistently across the homepage footer and legal page.
E10Six of the seven Trustpilot reviews are five-star and praise spreads and support, though the overall volume is very small for a firm that advertises years of operation.
WeakTrustpilot
The other side
The strongest case in this broker’s favour.
In fairness, several things point the other way, and we weighed them.
- Operating from a Saint Lucia company without a licence is not illegal there. The regulator does not require a forex licence for firms that do not solicit local or regional residents, so being unlicensed in Saint Lucia is common for offshore brokers rather than proof of fraud.
- The company is disclosed. UE Capital Ltd, its registration number and a registered address appear consistently on the site and in third-party records.
- The platform is genuine MetaTrader 5, the industry-standard terminal, not an in-house price simulator.
- Most reviews are positive. Of seven Trustpilot reviews, six are five-star and praise spreads and support, though the total is small.
- No regulator warning, enforcement action or court record names this firm.
What would change this
What we would need to see to revise the verdict.
Here is what would move this verdict in either direction.
Toward safer:
- A genuine licence from a recognised regulator (for example the FCA, ASIC, CySEC or the FSCA), verifiable on that regulator's own public register.
- The '2016' claim replaced with the real 2023 start date.
- A clear, repeated record of clients being paid in full, with the outstanding withdrawal resolved.
Toward worse:
- A warning or alert naming ue.capital on any regulator's list.
- More independent, specific reports of cancelled profits or blocked withdrawals across other platforms.
- Any demand for an extra payment (tax, fee or 'insurance') before releasing a withdrawal, which is the advance-fee pattern.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
UE Capital legal and registration page
Shows the Saint Lucia IBC number 2023-00432 and names no financial regulator
Saint Lucia FSRA forex warning notice
The regulator states forex business is not licensed in Saint Lucia
IOSCO global investor-alert search
Search UE Capital across 150+ regulators' warning lists
Trustpilot reviews for ue.capital
User reviews, including a withdrawal complaint
Frequently asked questions
Quick answers about this broker’s safety.
Is UE Capital a scam?
We rate UE Capital high risk, but we did not find enough to call it a confirmed scam. It is unregulated, it overstates its age, and one trader reports cancelled profits and a blocked withdrawal. There is no regulator warning against it yet. Treat it with caution and never deposit money you cannot afford to lose.
Is UE Capital a fraud?
No regulator has warned against UE Capital, and we found no enforcement action or fraud-related court record naming the company. We did find that it is unregulated and that one client reports cancelled profits and an unpaid withdrawal, so we assess the risk of fraud as elevated. That is our assessment, not a legal finding.
Is UE Capital regulated?
No. UE Capital Ltd holds only a Saint Lucia company (IBC) registration, number 2023-00432, which is a company record and not a financial licence. Saint Lucia's regulator states that forex business is not licensed in Saint Lucia at all.
Can I withdraw my money from UE Capital?
Some users report no problems, but a September 2026 review describes profits being cancelled and a withdrawal left unpaid for months. Because the broker is unregulated, there is no authority to force a payout if it refuses, so withdrawals carry real risk.
Is my money safe with UE Capital?
There is no segregated-account requirement and no compensation scheme, because no financial regulator oversees the firm. If the company fails or refuses to pay, there is no safety net to recover your funds.
Who owns UE Capital?
The site names only the legal entity, UE Capital Ltd in Saint Lucia. No directors, shareholders or management are disclosed, which is common for offshore brokers and limits accountability.
How old is UE Capital?
About three years. The company registration is from 2023 and the website domain was registered in August 2023, even though the homepage advertises 'Est. 2016'.
Is a Saint Lucia registration a licence?
No. A Saint Lucia International Business Company (IBC) registration only confirms the company exists on paper. It does not license the firm to provide financial services, and the local regulator says forex is not licensed in Saint Lucia.
Is UE Capital a clone of another broker?
We found no evidence of that. It is not copying the name, licence number or identity of a known regulated firm, so it appears to be its own brand rather than a clone.
What should I do if UE Capital will not pay my withdrawal?
Keep records of every deposit, trade and request (dates, amounts, ticket numbers). If you paid by card, ask your bank about a chargeback. You can report the firm to your national financial regulator, though recovery from an unregulated offshore company is difficult.
What should I check before depositing with UE Capital?
Confirm whether it holds a licence from a recognised regulator on that regulator's own register (as far as we can establish, it does not), check independent reviews for withdrawal problems, and be cautious with crypto (USDT) deposits, which are hard to reverse.
What we recommend
The practical takeaway from everything above.
For anyone considering or already using UE Capital:
- Treat it as high risk. There is no regulator to complain to and no compensation scheme if your money is not returned.
- Do not deposit more than you can afford to lose, and be especially careful with large crypto (USDT) transfers, which are hard to reverse.
- If a withdrawal is refused or stalled, keep records of every deposit, trade and request (dates, amounts, ticket numbers). If you paid by card, ask your bank about a chargeback.
- Be wary of any request to pay a fee or tax to 'unlock' a withdrawal.
- Prefer a broker licensed by a tier-1 regulator, which you can confirm on the regulator's own public register.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 7, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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