UCFXMarkets (https://ucfxmarkets.com), a prominent digital asset and forex trading platform, has formally initiated legal proceedings against three review websites—ScamAdvisor, Personal-Reviews.com, and BrokerChooser.com—for what it alleges is a “coordinated campaign of extortion, defamation, and reputational sabotage.”
According to UCFXMarkets’ legal team, evidence has been compiled showing that these platforms have posted misleading and false reviews while simultaneously offering expensive “reputation correction services” to remove or alter the negative content. In some cases, the fees demanded exceeded $20,000 per month, with UCFXMarkets comparing the practice to online blackmail.
“This is not about transparency or consumer protection,” said a UCFXMarkets spokesperson. “This is about using fear and deception to coerce legitimate companies into paying for silence.”
Entities Involved and Their Alleged Roles
ScamAdvisor
Address: Keurenplein 41, UNIT A6311, 1069 CD Amsterdam, Netherlands
ScamAdvisor assigns arbitrary “trust scores” to businesses with little to no explanation of methodology. UCFXMarkets claims the platform’s negative portrayal of its services is factually unsupported and has caused significant commercial harm.
BrokerChooser Limited
Address: The Penthouse Suite 2, Level 4, Ewropa Business Centre, Triq Dun Karm, B’kara, BKR9034, Malta
BrokerChooser is presented as a comparison site for trading brokers. UCFXMarkets alleges that this platform deliberately publishes selective and sometimes false user complaints, while soliciting monthly payments of over $20,000 to “optimize brand image.”
Personal-Reviews.com
Address: 10 Corporate Drive, Burlington, MA 01803, USA
According to the company, Personal-Reviews.com offered to “flip the page positive” for a one-time payment above $10,000, followed by ongoing fees. UCFXMarkets declined the offer and has labeled it a clear case of extortion.
A Widespread Scheme of Digital Extortion
UCFXMarkets alleges the three review platforms operate under a common model:
- Posting damaging content based on unverified claims
- Manipulating SEO to link the company with scam-related keywords
- Reaching out privately with offers to “fix” the damage—for a fee
“This is not just unethical—it’s potentially criminal, and we intend to pursue every legal avenue available across jurisdictions,” said a member of UCFXMarkets’ legal counsel. “We are citing possible violations including cyber extortion, commercial defamation, and unfair competition laws.”
Tangible Business Impact
Since the publication of the false reviews, UCFXMarkets has seen:
- A spike in customer support inquiries stemming from confusion over false claims
- A noticeable decline in new sign-ups due to tarnished SEO results
- Substantial increases in marketing spend required to counteract misinformation
“These entities have cost us more than just revenue—they’ve eroded hard-earned trust,” said the company’s operations director. “Our legal action is about setting a precedent for the entire industry.”
Legal Action and Regulatory Steps
UCFXMarkets has retained global legal advisors specializing in internet defamation and cyber law. Formal legal notices have been issued to:
- ScamAdvisor’s Netherlands-based parent company
- BrokerChooser Limited in Malta
- Personal-Reviews.com’s U.S. office in Massachusetts
The company is preparing lawsuits in Dutch, Maltese, and U.S. courts, citing specific jurisdictional statutes that address defamation, blackmail, and consumer deception.
Additionally, UCFXMarkets is filing formal complaints with regulatory bodies, including:
- The Dutch Authority for Consumers and Markets (ACM)
- Malta Financial Services Authority (MFSA)
- The U.S. Federal Trade Commission (FTC)
- ICANN, and associated hosting providers
Industry-Wide Concern
This case shines a light on a broader issue in the trading and fintech industry—the rise of “reputation mafias” that weaponize SEO and fake reviews to extract money from targeted businesses. UCFXMarkets believes many companies are coerced into paying simply to avoid further reputational damage.
“We are urging other platforms to stand their ground and report these unethical actors,” UCFXMarkets added. “No business should have to pay to correct lies.”
A Call to Action
UCFXMarkets is asking fellow fintechs, brokers, and review aggregators to vet their sources and question the validity of claims made by review platforms like ScamAdvisor, BrokerChooser, and Personal-Reviews.com.
“Reputation must be earned based on verified performance—not traded behind closed doors,” said a UCFXMarkets representative.
About UCFXMarkets
UCFXMarkets is a global digital trading platform providing advanced tools for cryptocurrency, forex, and commodities trading. The firm integrates real-time analytics, AI-enhanced strategies, and personalized portfolio management to serve clients worldwide with efficiency, transparency, and integrity.
Website: https://ucfxmarkets.com