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UAG Trade Scam: Withdrawals Held Up, Dubai Address, Site Offline

Savun Law & Consultancy · Updated 24 October 2026

UAG Trade Scam: Withdrawals Held Up, Dubai Address, Site Offline

Using a Dubai address and presenting itself as a forex broker founded in 2015, UAG Trade provided trading services for a while, then held up withdrawal requests for months and finally disappeared altogether. The old platform at uagtrade.com is closed today.

In short: UAG Trade is not authorised in Türkiye by the Capital Markets Board (SPK) and has never shown any regulatory record. The core method was manual approval of withdrawals and holding them up indefinitely. Tracing money sent to a platform that has closed is legally possible.
What this article covers

🚩 What Happened at UAG Trade?

Deposits and withdrawals were handled manually instead of through a standard payment infrastructure. Withdrawal requests were held up for weeks, sometimes months, with explanations such as "forwarded to another department" and "there is a problem with the bank account". In the end the site went offline.

🔍 Contact Details Used

  • E-mail: [email protected]
  • Phone: +60 17 555 5022 (Malaysian line)
  • Declared address: Dubai, United Arab Emirates
  • The domain uagtrade.com was re-registered through NameCheap in July 2026; its link with the old platform is unclear

🔗 Similar Closed Platforms

Other platforms showing the same scheme, which runs on a Dubai address and delayed withdrawals:

🧭 The Process After a Platform Closes

Even if the platform closes, an asset investigationTR can be carried out through the accounts to which the money went. For international transfers, a SWIFT recall and, in the criminal trial, the rights recognised for the intervening partyTR are parts of the process. Schemes of this kind are assessed under the qualified fraud provisions of Article 158 of the Turkish Penal Code.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ FAQ

If uagtrade.com reopens, is it the same company?

The domain was re-registered in 2026; the link of any new content with the old platform needs to be verified separately.

I am being called from a Malaysian number. Could it be connected?

The platform is known to have used the number +60 17 555 5022; similar calls may point to the same network.

Has time run out for money I paid years ago?

Time limits vary with the nature of each case and the type of offence; they need to be assessed with the concrete dates.

I am a UAG Trade victim. Who can I turn to?

For detailed information and legal support, you can contact Savun Law & Consultancy.

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This page is an English adaptation of our Turkish article UAG Trade (uagtrade.com) Çekim Bekletme Forex Dolandırıcılığı.

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