UFX Scam Test

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

Contents

UFX.com Review Visit site

SCAM CONFIRMATION


November 2020: There are now 3 guilty verdicts against this company in the FPA Traders Court. The FPA recommends against dealing with this company.

The FPA now considers UFX Markets to be a scam. This company is hereby blacklisted by the Forex Peace Army. We recommend against opening accounts there. If you have an account there, we recommend withdrawing all of your funds immediately.

SCAM CONFIRMATION

WARNING 2: UFX Bank claimed that they hired a black hat SEO company to do search engine optimization. They blamed that company for leaving the fake reviews. The FPA wonders what sort of broker would hire an organization like that and then allow a black hat organization to have direct access company servers. The FPA wonders just how safe client data would be under those circumstances.

Other websites related to this company include UFX.com, UFXBank.com, and UBinary.com

Need more info?
Read and Ask HERE .

About UFX.com

UFX is a forex broker. UFX offers the Mobile and MT5 trading currency top platforms. UFX.com offers over 45 forex currency pairs, stocks, gold, silver, oil and bitcoin for your personal investment and trading options.

  • Information
  • Live Discussion
  • Video
  • 3 Widgets
  • More .

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $100
Established: 2007
Address: T19, 1st Floor, Tana Russet Plaza, Kumul Highway, Port Vila, EH2 1JE, Vanuatu
Contact: +44 208-150-0778
Regional offices:
Regulators: CySEC #127/10, VFSC #14581
Prohibited countries: Unknown

Yes

Yes

Trading platforms: MT5, Trading Central, UFX Mobile App
Web Trading:
Mobile Trading:
Currencies: (45+)
Cryptocurrencies: (1) Bitcoin
CFD: (460+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
Deposit Methods: VISA, MasterCard, CASHU, Diners Club, ELV (Elektronisches Lastschriftverfahren), Giropay, iDEAL, Local Bank Transfers, Maestro, Neosurf, Neteller, PaySafe Card, Poli, Qiwi, Skrill, SOFORT, UnionPay, WebMoney
Withdrawal Methods: Bank Wire, VISA, MasterCard, CASHU, Diners Club, ELV (Elektronisches Lastschriftverfahren), Giropay, iDEAL, Local Bank Transfers, Maestro, Neosurf, Neteller, PaySafe Card, Poli, Skrill, SOFORT, UnionPay, WebMoney

Live discussion

Join live discussion of UFX.com on our forum

Video

Your company video here? Contact ad sales

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Consumer Reviews

Service use: Live

Length of use: 0-3 Months

Ufx is scam, please aware from
Nasib Naser, jad they are liers

Account Manager
+44.208.1500778 Ext: 1351

[email protected]
https://sa-fx.com i filed a case against them

Service use: Live

Length of use: over 1 Year

confermo che sono dei truffatori, Anna Mancini è una truffatrice non investite assolutamente con questi rifiuti

I confirm that they are scammers. Anna Mancini is a scammer, do not invest in this garbage compant at all

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 3-6 Months

£98,000.00 ‘invested’ and lost through oil and gold trades.
No surprises as the modus operandi was the same as most of the other 149 reviews under the UFX Markets reviews section of this site.

If you would like to join a funded Class Action against Reliantco Investments Ltd please contact me in the forums.

Service use: Live

Length of use: Have not used

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: over 1 Year

After investing in various platforms for 10 years, I consider that ufx is one of the great players in the market both technically and functionally.

It is one of the few brokers that i can trade with a 1: 400 leverage . I value very positively the own technologies that this broker has as massinsight that offers live information on the current market situation.

They have the Metatrader 5 platform and an agreement with Trading Central through which you can receive signals and technical analysis from diferent markets.

Service use: Other

Length of use: 3-6 Months

DO NOT TRADE WITH UFX.com. Too many people have lost everything to this company. You trade with UFX and 93% of profits go to Paragon X, their trading platform. 2020 profits were approx 60 Million dollars. Your lost money! All looks good in the beginning when you begin to trade. It is nothing but a boiler room in Cyprus because their listed address does not exist (googlemaps) with fake named trading specialists who continually barrage you daily to add more and more funds to your account. Their Paragon X platform goes down so you can’t access it a lot. I am convinced they manipulate it so investors fail. (I’ve spoken with many other people who also lost all their money and they feel the same but of course I can not confirm this as fact). Do your homework on this company. Both Directors have been charged on tax evasion. Look at the SEC case in USA. Paragon x linked to UFX in the UK (Their trading platform) lists a Director ‘Name withheld’ who has approx 30 insolvent companies behind him.
Look at Youtube videos https://www.youtube.com/watch?v=yJ9QjSsiM28. Checkout peacearmy about fraudulent companies. You’ll find UFX there! Their Trust Pilot reviews are shocking (bad) and UFX and been able to have many reviews removed. Its been stated the good reviews, some are fake! They had Mike Tindall (A royal, married to Princess Anne’s daughter Zara Phillips- He is also an England Rugby player) gracing their website in 2020 but he is now off their website. BEWARE. I strongly suggest to stay clear.

Jul 26, 2020 – No Rating Watch this Youtube Video for a July 2020 update on UFX.com https://www.youtube.com/watch?v=yJ9QjSsiM28 (UFX.com review#1 by Steve Gill).

BBC is airing a program on how they scam us. This will air in Aug 2020.

A class action suit will follow headed by international Lawyer Gabriele Giambrone in the Royal Courts of Justice in London. Contact if you wish to join.

I was scamed by UFX. I will get my money back. Get yours back too.

Service use: Live

THEY ARE LIAR, THEY SCAMMERS THEY ARE THIEVES as I can not describe them any better

I have been scammed by Reliantco Investments Ltd, they are also called UFX

I was contacted by brokers Mr Izzet Kamer, Mr Levent Demir and Arda Polat who encouraged me to open an account with UFX. The brokers contacted me by telephone and email and encouraged me to invest in various financial trading namely gold, petrol and stock exchange. I was assured by brokers that as long as I do what the brokers ask me to do I shall win and that there will be no losses. The brokers reassured that I will make no loss and a win was guaranteed. In reliance on this representation, I entered into a contract with broker. The representation was an express term of the contract. In fact the representation was false and broker was in breach of the contract in that none of the investments made a return.

As a result of the misrepresentation, I have suffered loss and damage. In the circumstances, and they are liable to me for damages for misrepresentation and breach of contract.

I did not have any knowledge or experience in investments and I did outline this to brokers. The brokers encouraged me to open a professional account and told me to not to worry and to rely on their advice. (you had to have two or a year and half years professional experience and €500000.00 in your account in order to trade professionally in European countries as this is the regulation in European Commission)They opened a professional account in their platform without my consent in order to take more and quickly money from me. Again this is illegal. They also confirmed that they will help and provide all the answers to complete the account and that they will complete the account on my behalf. The brokers have clearly been in breach of their role and provided incorrect and false information in order to complete the professional account.

I can inform you that all the telephone conversations were recorded. As these recordings are crucial evidence in this matter proving that financial advice was given by brokers to me. You give them notice that all the telephone recordings should be preserved as evidence. It is clear from the emails I received from brokers and the telephone conversations that brokers have introduced themselves as a authorised person to give financial advice. I was initially encouraged to make small investments. The brokers first made it look like that I was winning and making money. All the money I won was held in the account brokers opened. Further investment advice was given to me by brokers and I was pushed to make big investments which resulted in losses which was never mentioned by any of brokers.

I realised that they are regulated in another European Economic area (EEA) country and as you are aware in order to regulate certain financial activities the brokers should have been
authorised to carry out the said regulated financial activities. Please confirm with them whether their brokers were authorised to give financial investment advice to amateur investors such as me. As a result of the wrongful advice brokers gave, I suffered a loss totalling in the sum of £48,000.00 In sterling pound. I request full refund of This sum.
I reported them Ombudsman, CySec in Cyprus and found a lawyer ready to take them
To court in Cyprus. As well as I reported them
FSA financial services authority and Police here in London. Police in London said will contact police in Limassol

I’ll also be going to Cyprus next week myself

Resolved: UFX scam any help appreciated?

RHP27

Private

I want to share my story about UFX and how they have ruined my life and want to avoid anyone else going through the same mistake. My trusts has gone with everyone and I can’t believe I was so naive to go with it.

It all started in 13th April 2020, earlier this year, I lost someone dear to me and had to spend a lot of money for funeral expenses etc and just come back to work after emotional stress and wanted to make some additional income.

I saw this ad on Facebook with reviews saying easy way to make money at low risk and great rewards every 2 weeks. I signed up just to see what it was all about but then did nothing further. About a couple of days later started getting so many calls from a number and I decided to answer it.

It was of course someone from UFX. The way they talk and engage with you is to the point where anyone can get gauged into it and see what an opportunity this is and makes you interested. After long conversations where I was told not to worry about losing money as UFX won’t let that happen, why would UFX want to lose a client by making them bust, things will be done at low risk, you will see great rewards every 2 weeks, why have saving sitting there when you can make 30-40%+ each week, it was to good not to believe.

They made me deposit an initial sum of $500 USD and then I started having calls for training and then I was assigned a UFX trading specialist.

The specialist then started calling me up each day advising on how the platform works and what to look at for, Bollinger bands etc. Then my first trades under UFX specialist advise happened. UFX advised to trade on oil and gold so we did and saw some profits being made. Just so you trust them they allowed me to take an initial withdrawal of $25 to show that you can withdraw money whenever you like and UFX advising it’s your money and you can do what you want.

Eventually the $500 went down and instantly I get a call from UFX saying to save your account you need to deposit more.

I initially put in another 10000USD and I advised that is all I have, but then UFX showed me some charts and told me look at the price of oil it is going to go up to $80 per barrel, can you not see it going up, don’t miss the opportunity now what can I do? After several pressurised calls they managed to talk me into depositing more, as my mind was all over the place somehow, I managed to deposit another 5 more amounts in a space of a week a month later to get my account at level to make the profits but they advised I need some more to take advantage.

Once I put in more money that is when things started again. It all started well at first getting me to place 3 or 4 trades at the same time on oil and having the profits adjusted for each trade, so 100, 200, 300, 400 profits and if these come through that’s a total of $1000. Obviously, these were trades UFX knew would come off, another tactic to get me trading more with their advice and put more money in.

Then on May 9th 2020 I made one more deposit but that was after all the pressure, stories and promises made UFX made saying I will not lose my money as we will be trading at low risk. Then on the 11th May that’s when the killer trade came to put my account in question. UFX called me up in the afternoon as I had been busy at work and had no time and getting emails like are you alive anyhow I was told that the market is going down for the oil and is a good point to buy oil as its going to go up and made me make a large trade of 200000 barrels which I questioned and was uncomfortable doing as was normally trading at 20000 to 400000 but the UFX representative said don’t worry you have enough equity and my account is under control then 5 minutes later the UFX specialists calls me and advises, looks like the market is falling further and to make your account safe we need to put it into an hedge. I didn’t even know what that even meant and I asked him and he said he will explain on the weekend. All weekend I was stressed, depressed and could not do anything as they got me hanging by a shoe string.

Then on either Sunday or Monday I got a call from UFX specialist advising what a hedge was and this is probably the only time you can make MILLIONS and it’s a good position to be in just need to find the right entry and exit points blar blar blar, then the big question came, so how much? I was bit confused, then he said to get out of the hedge safely and at the lowest risk you need more collateral.

Head messed up again and not thinking straight and the thought of losing so much money. I had further few calls before I took the decision that I must do what he says otherwise I will lose my money. During those calls was a lot of arguing, questions and fear for me but got promises that it will all be OK, you will walk out of it laughing and smiling, I will make sure of it, you won’t lose you money etc thinking now not even any compassion just confidence from them and that they have had many clients that they have got out of a hedge.

I didn’t have the money so applied for some loans and managed to raise $80000 dollars even though they advised I should have at least $250000-$300000 my heart just stopped told them I don’t if I was a millionaire would I be here.

Anyhow they agreed to the amount I had and made me deposit the money via wire transfer this time, which I stupidly done.

Then it all starts again UFX calls me up the next day and advise we need to build on the collateral and equity in your account to get out of the hedge. I said the only reason I got the money is to wait for that exit and entry points as you advised and you agreed on. As I had no say and was still a novice took his advice and started a few trades on his advice otherwise I would hear in his tone he was not happy I was not trading.

Not even 2 weeks they got me back into the same situation but this time with hardly anything in my account. I emailed them each time I saw the equity alerts come into my email and no response and then eventually I would get a call saying the account is fine you still have enough in equity and the price will go up and down just hold tight, I did say I rather take the loss earlier when I saw $10000 minus as we already made $20000 profit in the account but UFX would not let me make any decision it was all under what they say you can do or not, I looked a couple of hours later and it was lowering I called a few times no responses, I emailed no responses I didn’t know what to do as I was always told to always speak to UFX before doing anything and then I got a call advising I need to close my trades to save my account so I did and was told he will call me on the Sunday.

Since that call I was sick in the stomach, could not eat, stressed, depressed and had to wait for UFX to call me on Sunday eventually they did and that’s when I got the question again I need to deposit more money as I still have the hedge going and I can still make my millions and money back. They asked for $200000+ dollars to be raised which I am not doing and have got a legal company involved now to help me retrieve my money.

That’s my story but here are the other points:

    UFX would only call me and never reply to my emails.

I have only got emails from the specialist advising to call him and I have about 40+ email of that.

Emails from the specialist on the weekend with charts and subject line ‘See the opportunities’ and then a few lines speak to tomorrow to plan.

Promises were all made over the phone.

Andrea Iniesta apparently and partner of something in UFX.

  • All deposits via Visa over the phone apart from the last payment via international payment.
  • My story sounds similar to other people on here and was wondering how people got on with getting their money back and any help would be appreciated.

    I feel so angry with myself and not sure what came across me, I am normally strong enough to say no.

    UFX Review: Is UFX Trading Safe? Is UFX Scam Broker?

    Table of Content

    Scam Broker Updates: 11/08/2020

    Before moving on to decide whether the UFX Forex broker is a scam or not, let’s find out everything that you need to know about this broker in this UFX review.

    All you need to know about the Broker UFX

    UFX Trading is a global firm for trading that has taken command of its reputation since it was established in 2007.

    UFX Forex broker operates on a Straight-through-Processing (STP) business model and doesn’t take opponent positions in the market to that of their clients’ trades. According to the UFX markets review, it ensures to meet all of their clients’ trading needs. While at the same time, they are offering stable and competitive spreads for them.

    UFX Regulations

    UFX Global operates under the jurisdiction of the Vanuatu Financial Services Commission. In the case of UFX regulations, it synchronized under license number 14581.

    Speaking of its reputation, we shall say that the UFX Forex broker has earned a lot of respect over the years. Leading industry reviewers have recognized the broker for its outstanding services and product offerings.

    .Since 2020, UFX markets have won multiple recognition titles for their services to the trading industry.

    Who Runs UFX?

    The chairman of the UFX broker is Dennis de Jong.

    Where Does UFX Operate?

    Here is the full list, UFX trading is available in most of the countries including:

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Best Binary Broker!
      Perfect for beginners!
      Free Demo Account! Free Trading Education!

    • Binomo
      Binomo

      Only for experienced traders!

    • Cyprus
    • United Kingdom
    • Germany
    • United Emirates
    • Romania
    • France
    • China
    • Russia
    • Finland
    • Turkey
    • Bahrain
    • Spain
    • Canada
    • Singapore
    • Denmark
    • Poland
    • Czech Republic
    • Sweden
    • Norway
    • Hungary

    Key Note: In the USA, CFDs are not available because of local regulations. UFX broker does not allow US residents or citizens as clients.

    UFX Forex is available in the following languages:

    • English
    • Spanish
    • Turkish
    • Dutch
    • Hindi
    • Portuguese
    • Russian
    • Polish
    • French
    • Italian
    • Finnish
    • Norwegian
    • Swedish
    • Arabic
    • German
    • Romanian
    • Chinese
    • Malay
    • Czech
    • Hungarian
    • Indonesian
    • Danish
    • Vietnamese
    • Japanese

    UFX Trading Platforms

    UFX trading has to offer multiple trading platforms for its traders. Let’s see what they’ve got:

    • ParagonEx Web Trader 4.0: In UFX Forex, a variety of features and functions are available to fulfill traders’ needs to adopt its latest version.
    • Meta Trader 4: It supports and offers Meta Trader 4 to its traders, which is the prominent platform in the entire world right now.
    • Mobile Trading Platform:UFX provides a mobile trading platform for you through which you can trade anytime.

    What is the ParagonEx Web Trader 4.0?

    ParagonEx Web Trader is a prominent trading platform. And UFX Forex, in which there is a variety of features and functions to fulfill traders’ needs, adopts its latest version.

    It uses the innovative MassInsights™ Technology to provide traders with all the required information about the prevailing trends in the Forex markets. Also, it is a web-based version, which means it doesn’t require any download of the software.

    Traders can access it directly through the web from anywhere, anytime.

    The Broker UFX uses Meta Trader 4

    According to UFX trading reviews, it supports and offers Meta Trader 4 to its traders, which is the prominent platform in the world right now.

    It provides a variety of features like; a charting package with a wide array of technical indicators. And it has language-customization, that’s why the traders are widely using it across the world in different countries with different languages.

    Mata Trader 4 also allows automation trading with the use of Expert Advisors (EAs). To help traders execute a trade when they’re manually not able to do it due to any reason.

    MetaTrader 4 is available in a desktop version and is available for different operating systems such as Windows, Linux, and macOS.

    If you use desktop a lot, this is the best choice of the trading platform always as it is also adopted by 80 to 90 percent of the brokers in the world.

    The broker also offers Mobile Trading Platform

    If you’re the type of person, who is consistently on the move and still doesn’t want to miss the trading. No worries, UFX markets review provides a mobile trading platform for you through which you can trade anytime, anywhere in the palm of your hands.

    Moreover, the good news is that you won’t miss the features of WebTrader Platform and MT4 Platform and also the functionality and features of MassInsights™ Technology and numerous other advanced trading tools that will fit on your Smartphone screen.

    The mobile-based application for trading is available on Google Play Store and Apple App Store for download.

    Likes & Dislikes

    [su_row][su_column size=”1/2″ center=”no” ]

    [su_box title=”Pros” box_color=”#00bf08″ radius=”4″][su_list icon=”icon: check-circle” icon_color=”#0cc33e”]

    • Simple user interface on ParagonEX web and mobile
    • Well regulated
    • Robust charting in the web platform powered by NetDania
    • Offers 30 cryptocurrency CFDs
    • Choice of trading platforms
    • Massinsight Technology
    • Multiple bonuses available
    • Added over 400 new CFDs in 2020 to broaden offering beyond forex

    [su_column size=”1/2″ center=”no” ]

    [su_box title=”Cons” box_color=”#bf000a” radius=”4″][su_list icon=”icon: ban” icon_color=”#bf000a”]

    • Wide spreads across all account types for forex
    • MT4 is not offered to micro and mini account holders

    Account Types

    UFX trading review offers six account types, let’s have a look:

    • Micro Account: The initial minimum deposit required is $100 only.
    • Mini Account: The initial minimum deposit required is $500 only.
    • Standard Account: The initial minimum deposit required is $1000 only.
    • Gold Account: The initial minimum deposit required is $5000 only.
    • Platinum Account: The initial minimum deposit required is $10000.
    • Islamic Trading Account: For Muslim traders, the initial minimum deposit is $100.

    Trading Accounts

    • Micro Account: In this very basic account type of UFX Forex, the initial minimum deposit required is $100 only. It also offers 24 hours of live support, video library access, daily recommendations, and regular reviews.
    • Mini Account: In this basic account type, the initial minimum deposit required is $500 only. It also offers 24 hours of live support, video library access, daily recommendations, and regular review. And there is even a personal coach for you to guide.
    • Standard Account: In this standard account type, the initial minimum deposit required is $1000 only. It also offers 24 hours live support, video library access, daily recommendations, daily reviews, VIP support, personal coach for you, regular updates, and reviews that you’ll receive and a lot more.
    • Gold Account: In this gold account type UFX broker, the initial minimum deposit required is $5000 only. It also offers 24 hours live support, video library access, daily recommendations, daily reviews, VIP support, personal coach for you, daily updates, and reviews that you’ll receive and a lot more. You’ll get access to the MT4 platform and also the SMS alerts for free addition to the above features.
    • Platinum Account: In this platinum account type, the initial minimum deposit required is $10000. It offers all the features and functionality of the above account types. In fact, the trader will have all the privileges in this account type.
    • Islamic Trading Account: This Islamic trading account type is for Muslim traders from around the globe. It requires the initial minimum deposit of $100. And it also has all the features and functionality of the Mini Account.

    Account Requirements

    On the website of the UFX, once you click the green “Sign Up” button, you may be asked a few questions, such as your personal details and what type of account you want to open, etc. you are logged in to the UFX trading system once you have successfully entered this information.

    Then, on the right side of the screen, you can go to the drop-down menu, to make the information available to the UFX what it requires to verify your identity. You may need to upload the following documents to verify your identity or maybe fax, scan, and email to the UFX broker.

    • A copy of your passport or any other document issued by your government for identification
    • A copy of your bill or statement, for an example bank statement or your telephone bill that has your current residential address mentioned on it
    • And a copy of your credit card both sides

    The UFX team of compliance will instantly check all of your documents and notify you if any text is missing, unsuitable, or unreadable.

    Traders are allowed to deposit as well as withdraw funds with UFX by using one of the several different methods:

    • Visa
    • Master Card
    • Diners Club
    • Maestro
    • Visa Electron
    • Skrill
    • SOFORT
    • Giropay
    • Neteller
    • Elv
    • iDEAL
    • CashU
    • WebMoney
    • Qiwi
    • Bitcoin

    As you already informed that UFX never, charge deposit, fees, and third-party deposits are not allowed with this broker.

    If you have made the initial deposit with a credit card, then you can only get a withdrawal from the credit card that used for the original payment with the UFX platform.

    On the other side, if you have made an initial deposit through bank wire transfer, the UFX will send the withdrawal to the account that was used for the initial transfer originated.

    UFX Trading Products

    Six categories are offered from UFX to its customer’s financial instruments to trade:

    Currencies

    Massive range of UFX currencies are there such as AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, EUR/GBP, EUR/INR, EUR/TRY, GBP/USD, NZD/CHF, USD/CHF and lots more.

    Commodities

    • Natural Gas
    • Corn
    • Gold
    • Oil
    • Silver
    • Platinum
    • Palladium

    Cryptocurrencies

    According to the UFX markets review, it has loads of currencies, and similarly, it has cryptocurrencies on a broad array:

    Aventus, BCH/BTC, Bitcoin, Bitcoin Cash, Dash, Bitcoin Gold, Ethereum, Litecoin, Ripple, and loads of more cryptocurrencies are available.

    Commodities Futures

    • Oil
    • Corn
    • Natural Gas

    Indices Futures

    • CAC 40
    • BEL 20
    • AEX25 Future
    • Nikkei 225
    • DAX 30
    • Dow Jones
    • S & P 500
    • NASDAQ 100

    Stocks

    According to UFX review, it offers CFDs on more than hundreds of international companies’ shares. Well, some well-known companies are;

    UFX broker offers many ETFs to CFD trading, which includes:

    • SPY – S & P 500 Index
    • USO – Oil Companies
    • QQQ – NASDAQ Index
    • FEZ – Eurostocks50 Index
    • XLE – Energy Sector
    • UNG – Gas Companies
    • GDX – Gold Mining Companies
    • XLV – Health Sector
    • XLK – Technology Sector

    UFX Spreads and Fees

    On each instrument, UFX receives its compensation in the form of the market spreads. UFX broker is STP (Straight-Through-Processing, which means it never captures the reverse side of the trades of customers.

    Instead, it evades the trades that it makes with the customers right away in the marketplace.

    Fixed and stable spreads are offered with UFX broker. The ranges for trading vary by the particular financial instruments that are traded as well as the platform for trading.

    Here are the spreads for the most used instruments by asset classes.

    • Currencies
    • Commodities
    • Cryptocurrencies
    • Indices
    • Stocks
    • ETFs

    For custom spreads, you should contact Customer Support if you are a trader.

    In particular regions, some currencies and commodities might not be available. No doubt it is uncommon, UFX spreads might vary during conditions of extreme trading or non-trading hours. On the platform of the relevant spreads, UFX will notify you, if you try to trade in these conditions.

    Fee Information

    Commissions: Only for each instrument spread on trades, UFX does not charge commissions.

    Money Transfers: For money transfers, UFX will not charge fees.

    Maintenance Fees: Regular maintenance fee is not charged with UFX trading. However, the platform has the right to charge a $50 US fee once every three months on open accounts.

    Inactivity Fees: An inactivation fee of $50 US can be charged from the UFX platform when a client account has not been active for a specific time of three months.

    Overnight Financing Charges: When a position remains open for a specific time, the overnight fee is added or subtracted from the account of the trader. At the UFX website’s Trading Conditions section, traders can have the information on overnight fees and funds.

    Slippage: Slippage is a regular market practice as UFX review informs as well as it is a regular feature of the international exchange markets in conditions. These conditions include illiquidity and volatility because of the news announcements, market openings, and economic events.

    Deposit Fees: On deposits, UFX does not charge fees.

    Withdrawal Fees: For withdrawals too, UFX does not charge fees. However, transfer fees might be imposed on you from your banks.

    Withdrawals and Deposits

    UFX review supports several payment methods that include transfer by credit cards, eWallets, and bank wire transfers. UFX Forex accepts major credit cards such as VISA, MasterCard, Diners, Maestro and American Express.

    For eWallet carriers, traders can use popular wallets such as Neteller, Skrill, Sofort, and Poli. As we’re now aware of UFX broker in this UFX review, let’s now move to the facts and figures of UFX scams to accurately find out whether UFX is a scam broker or not. Let’s find out!

    After our initial article where we debated is UFX trading safe or it is a scam broker, even more, people are accusing the firm. We decided to do some research and update you with the changes happening internally and externally for UFX Forex.

    Is UFX a Scam Broker?

    The complaints regarding UFX scamming its traders called for an SEC audit where a couple of accounts managers were let go.

    UFX com said it will not tolerate unethical behavior from its employees and will do everything necessary to clear their name.

    On another note, if a person is persuaded to take a trade or open certain positions, that’s illegal. A

    We are not sticking our hand in the fire but make sure you get in contact with a higher-up before going to so-called websites where you pay money in the hopes of recovering the money you lost from trading with the brokers believe to be a scam. Unregulated Brokers have defrauded many Traders on numerous occasions.

    However, can you believe everything is available on the internet?

    Also, is UFX a Scam broker?

    Is UFX trading safe?

    The first result you get after doing a Google search is “UFX a scam broker.”Primarily, let’s go ahead and investigate together if UFX is in fact, a scam broker.

    How to recognize a Scam Broker?

    The word scam stands for fraudulent or deceptive acts or operations. There is no doubt that some people may have encountered a scam broker when trading Forex.

    Unfortunately, some things take a wrong turn. It usually starts with a phone call from explaining how they could make millions in a short time through trading. Regarding UFX trader, some users who lost money either while trading or had accounts suspended for suspicious activity marked it as a “scam broker”.

    Having done some more research, we discovered a person who was probably an ex-employee of the UFX trading platform made one of the reviews online.

    The person mentioned above started on May 6, 2020, with a full list of employees of UFX. He provided a complete list of over 70 people from owners to regular employees.

    It seems somewhat like an act of revenge from an ex-employee trying to harm UFX Forex. Interesting enough, since the person doesn’t claim he lost money, it made me even more curious.

    Also, he claims that he will take legal action against UFX markets and this information “is for everyone who lost money with UFX.” At the end of his post on the forex peace army, he said: “in the following week I will update my post and guide people to get their money back.”

    Seven months have passed by, and we haven’t heard a word from our mysterious person. Funny enough, two days ago another user asked if he has any updates regarding UFX and his case. (With no answer, of course)

    That’s only one of many so-called “SCAM Warnings.”

    Moving along with some more swindle accusations towards UFX market reviews, we identify an overall miscommunication between parties. Comments such as “UFX scam, Be Wary, UFX is a scam broker” and “stay away” can be found.

    However, very few share their experience after trading with UFX and communicated poorly with clear defamation attempts. In other websites, we come across some copies of previously made reviews where comparisons are made with other brokers.

    There is no mystery that some do anything to provide misleading information to gain a competitive advantage. Examples of such headlines such as: “UFX a Scam Broker, but this X, Y, Z broker is not a scam” is the reality of today’s scam warnings.

    These accusations come with the industry. There will be fake posts, and there will be clients that are genuinely upset about losing money from a broker. Keep in mind that those that will lose money will probably lose it again with another broker.

    The Cruel Reality of Trading: 80% of the Clients Lose Money

    Let’s filter out the information we have so far and face reality regarding UFX trading and other brokers.

    It’s important to understand that UFX seems a fully regulated Forex broker operated by Reliant co Investments Limited.

    Authorized and regulated by the Cyprus Securities and Exchange Commission, “CySEC” with license number 127/10.

    Checking reviews about brokers are more often than not, a confusing process. However, it’s always a good thing to check UFX regulations that apply to the broker.

    To see that information click the tab “About us” or “Regulation” where you can see a license or registration number. Depending on the entity, that regulates the broker directly, paste that number and check the information on the official regulatory website.[/alert]

    MassInsights Technology

    When people try the financial markets, they always tend to pick aside. They have to choose from Bearish or bullish, hawkish or dovish, short or long.

    However, when so many traders act at the same time, they can have a significant influence on the market. Creating new trends and movements, this can shape out how the market reacts.

    This information on how many people are trading, what professional market analysts have usually used on their trading and the direction of positions.

    Similarly, billion-dollar hedge funds and Investment banks use it. UFX markets review introduced MassInsights Technology and allowed traders to see the market like never before.

    MassInsights Technology shows you how other traders are trading and how many are buying or selling a specific asset.

    How to Use the MassInsights Technology Platform?

    You can join the majority of other traders and choose the more dominant direction, or you can go against it.

    How does it work? UFX MassInsights Technology gathers trading insights from real active traders all over the world.

    With a unique live stream that will alert you when a trend has been created or when the majority of trading positions shift in a different direction.

    MassInsights technology can show you how many people are trading an asset in your own country or anywhere in the world.

    UFX MassInsights Technology isn’t just a fancy title. It is a scientific fact, and the more diverse the traders are, the more accurate the stream predictions can be. That’s why Ufx’s massive community of global Traders is your best source for trading knowledge.

    Conclusion

    So, we’re concluding the UFX review with the facts and figure of the UFX scams that we’ve found out whether it is a scam broker in the trading industry. Primarily, complaints of unsatisfied clients can’t mark a company as a scam, and we emphasize this regarding clients that had a bad experience.

    When it comes down to trading, bad experiences are usually because of misunderstandings between both parties. Imagine a trade going against you, and it keeps going for several hours or days.

    If you have not imposed a stop loss, you may possibly be required to increase your margin to maintain the position. Although the broker is not benefiting from the money in your trading account, it is benefiting from the trades you’re carrying.

    Ultimately, UFX trading and many other brokers make money on the spread. That means UFX Forex needs to provide the best services for clients to keep trading. If UFX market reviews were a scam, very few would trade with them.

    Always do your Research

    • UFX reviews might be bad from upset traders that lost money. However, while considering the other positive reviews and the common complaints account for 8% versus the 92% positive reviews.
    • If you decide to join a broker and start trading, then get ready to receive calls and promotional emails daily.REMEMBER! Ultimately, you’re the one who registers for “SOMETHING” concerning investments, trading and making money online.
    • Like always, we wish you Happy Trading and Success!
    Author: Haseeb

    Already a member?

    ©2020 Highway Media Group. All Rights Reserved.

    * Disclaimer: Highway Media Group will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in cryptocurrencies carries with it potential risks.

    Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Cryptocurrencies are not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite.

    Highway Media Group would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), Forex and cryptocurrencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

    Therefore, Highway Media Group doesn’t bear any responsibility for any trading losses you might incur as a result of using this data. Highway Media Group may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

    UFX Reviews

    201 • Poor

    Write a review

    Write a review

    Reviews 201

    losing more then 10.000 USD

    I lose all my money – more then 10.000 USD after one week.
    From the broker I as receive avery day call and he wanted from me deposit more and more money – because good trading need more money.
    I had any small trades with succes – with small deposit 2 x 1.000 USD
    But when I make deposit 10.000 EUR – after one week I lose all – on two tredes – Silver an Crude Oil.
    Then broker promised me bonus first 200 USD, when I make next deposit for minimum 2.000 – 3.000 USD, and next 700 USD and next 2.000, when I make deposit 5.000 USD.

    But I after I lose my all money (10.000) have not this money, which broker request from me.

    I receive not any bonus on my account, .

    Result – I lose all my money and broker request from me next and next deposit – 2.000 and more.

    Plagued with non-stop nuisance calls

    Curious about online trading, on 26th February I went on the UFX website, which asked for my email and phone number. No sooner had I submitted the online form my phone immediately rang even though I had not requested a call. Every day in the last 14 days including today they harass me non-stop, always from different numbers which prevents me blocking them. When I ask for them to remove me from their list they hang up. As a mother this is making me increasingly stressed as I cannot even get my baby to sleep, she’ll nod off and then the phone will wake her up. It’s embarrassing me in the office with my phone constantly ringing, interrupting my work, not impressing my manager. I also believe they have passed my number to other companies as I’m getting calls about all sorts of things not just online trading. I’m seriously considering changing my number because I can’t take this stress and I’ve had this number for 15 years. I wish I had never touched this company, and I would warn anyone against contacting them as it is likely they will harass you non-stop and sell your number on.

    ***** UPDATE on 15th March UFX contacted me to advise they regret any inconvenience I have experienced and they have made sure that their representatives will not try to contact me from now on. They asked me to edit my review accordingly, which I have done.

    UFX Review 2020

    UFX Guide

    UFX are an online broker founded in 2007 offering Forex trading, CFDs trading, and Social Trading trading.

    UFX are a global broker and have a head office in Republic of Vanuatu.

    When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

    Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of UFX we break down the pros and cons. What UFX are able to offer, what countries UFX are available in. Who UFX are regulated by and more.

    Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

    Benefits of trading with UFX

    Your capital is at risk

    At the bottom of this review you can also learn about some pretty good alternatives to UFX

    With this review we hope to help you see if UFX is a good fit for you.

    It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding UFX that will help you get off to a good start in the world of online trading.

    UFX Review Table of Contents

    UFX what you should know

    UFX offer three ways to trade: Forex, CFDs, Social Trading.

    With UFX you will need a minimum deposit of $500. You can sign up for a demo account to acquaint yourself with UFX platform.

    UFX are able to accommodate various levels of traders whether you are experienced or a beginner.

    Are UFX safe?

    When choosing a broker like UFX the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

    Established in 2007, and in operation for 13 years UFX have a head office in Republic of Vanuatu.

    UFX is regulated. This means UFX are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

    Regulated brokers will not manipulate market prices. When you send in a withdrawal request to UFX, this will be honored. If UFX violate any regulatory rules their regulated status could be stripped.

    Any payments funded to UFX accounts by traders are held in a segregated bank account.

    For added security UFX use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

    Try creating two accounts when you are working with UFX. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

    Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

    Broker UFX eToro XTB IC Markets
    Year Established 2007 2006 2002 2007
    Head Office Republic of Vanuatu Cyprus, UK Poland Australia
    Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
    Used By 10,000+ 12,000,000+ 250,000+ 60,000+
    Negative balance protection Yes No Yes Yes
    Guaranteed Stop Loss No No Yes No
    Learn More Visit UFX Visit eToro Visit XTB Visit IC Markets
    Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

    UFX Pros and Cons

    What we like about UFX

    • Used by over 10,000 traders
    • Established in 2007
    • Regulated by Cyprus Securities and Exchange Commission (CySEC)
    • Min. deposit from $500

    What we don’t like about UFX

    • Doesn’t allow scalping (See alternatives)
    • Not FCA Regulated (See alternatives)

    UFX Financial Regulation and Supervision in more detail

    We have checked and UFX is regulated and supervised by reputable organisations. You are able to check every UFX supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with UFX. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent.

    The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect UFX traders and provide a safe trading environment.

    UFX is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as UFX you should be sure they’re legitimate online agent.

    UFX General Fees

    • UFX doesn’t charge withdrawal fees
    • UFX does charge inactivity fees
    • UFX doesn’t charge deposit fees
    Broker UFX eToro XTB IC Markets
    Min Deposit 500 200 0 200
    Withdrawl Fees No Yes varies No
    Inactivity Fees Yes Yes No No
    Deposit Fees No No No Varies
    CFD Commission Fees Yes No Yes Yes

    UFX Commissions

    • UFX does charge commission on CFD instruments.

    What can you trade with UFX?

    You can trade a wide variety of instruments with UFX over 100 instruments infact.

    If you are looking at trading currency pairs UFX offer over 50 currency pairs.

    Compare UFX with eToro and XTB below.

    Broker UFX eToro XTB IC Markets
    Instruments Available 100 100 1,500 232
    Platforms MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
    FX / Currencies Visit UFX Visit eToro Visit XTB Visit IC Markets
    Forex pairs offered 50 50 50 65
    Major forex pairs Yes Yes Yes Yes
    Minor forex pairs Yes Yes Yes Yes
    Exotic forex pairs Yes Yes Yes Yes
    Cryptocurrencies Yes Yes Yes Yes
    Commodity CFDs Visit UFX Visit eToro Visit XTB Visit IC Markets
    Commodities Offered 0 0 21 19
    Metals Yes Yes Yes Yes
    Energies Yes Yes Yes Yes
    Agricultural Yes Yes Yes Yes
    Indiced & Stock CFDs Visit UFX Visit eToro Visit XTB Visit IC Markets
    Stocks Offered 372 957 1696 100
    UK Shares Yes Yes Yes No
    US Shares Yes Yes Yes Yes
    German Shares Yes Yes Yes Yes
    Japanese Shares Yes Yes Yes Yes

    Trading on UFX web platforms and other applications

    UFX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

    UFX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

    UFX Trading benefits :

    • Allows hedging
    • Offers STP
    • Offers Negative Balance Protection

    UFX Trading Accounts Offered :

    • Demo account
    • Micro account
    • Mini account
    • Standard account
    • STP account
    • Islamic account

    Can I try UFX before I buy?

    UFX offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

    UFX withdrawl and funding methods.

    UFX offer the below funding payment methods. learn more about UFX

    • Credit cards
    • Bank Transfer
    • Payoneer
    • Neteller
    • American Express
    • UnionPay
    Broker UFX eToro XTB IC Markets
    Bank transfer Yes Yes Yes Yes
    Credit Cards Yes Yes Yes Yes
    Paypal No Yes Yes Yes
    Skrill No Yes Yes Yes
    Payoneer Yes Yes Yes
    Neteller Yes Yes Yes Yes

    How can I start trading with UFX?

    When opening a trading account with UFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on UFX trading platforms here.

    Performing trades with UFX

    UFX allow you to execute a minimum of trade of $125. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As UFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

    As with most brokers, margin requirements do vary depending on the instruments.

    UFX also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by UFX here.

    UFX Leverage and UFX CFDs Explained

    let’s take a look at some of the basics of using UFX leverage.

    UFX offer CFD are a leveraged product for this example we describe ten times leverage.

    So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

    So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

    UFX leverage magnifies both profits and losses when trading.

    Let’s say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the UFX trading platform.

    let’s say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

    It’s grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

    Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

    The UFX leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

    UFX CFDs are typically used for short to medium term trades. For example UFX intraday trading.

    Limiting Your Risk When Trading with UFX Negative Balance Protection

    We should say something about negative balance protection with UFX. When trading using leverage an adverse move could result in losing more than your trading account balance at UFX. Your UFX account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

    Limit Risk When Trading with UFX Stop Loss, UFX Stop Limit Orders

    A stop-loss order is an order placed with a broker like UFX to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

    Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

    Education resources at UFX

    To trade effectively with UFX, it’s important to get a have a good understanding of the UFX trading tools and the markets.

    UFX offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

    Having an analytical approach may be a good way to approach trading with UFX.

    Take time to look around the UFX platforms and train yourself to think more systematically and logically about the markets. It’s a new skill-set for many, but it is what the market requires of you.

    Customer Support at UFX

    UFX support a wide range of languages including Arabic, English, French, Portuguese, and Russian

    UFX have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

    UFX customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

    Livechat Support at UFX

    We tested the UFX live chat and it works well. We sent messages to UFX livechat through their app and website and recieved a response within 3 minutes.

    We tested communicating with UFX support in multiple languages in multiple countries. UFX where able to quickly resolve our customer issues.

    Email Support at UFX

    We sent several emails to UFX and answer times overall were excellent. The fastest response from UFX was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with UFX, but this was our experience sending 10 emails at varying times.

    The team resolved and answered our queries. Overall very good email support from UFX.

    Phone Support at UFX

    We called UFX and the call was answered very quickly. The call was answered in less than 1 minutes.

    The UFX phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual UFX team by calling in varying languages. UFX made an effort to make sure our queries were answered.

    Overall great phone support from UFX.

    See how UFX Support Compares Against Other Brokers

    Broker UFX eToro XTB IC Markets
    Support
    • Live chat
    • Phone support
    • Email support
    • Live chat
    • Phone support
    • Email support
    • Live chat
    • Phone support
    • Email support
    • Live chat
    • Phone support
    • Email support
    Languages Arabic, English, French, Portuguese, and Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
    Learn More Visit UFX Visit eToro Visit XTB Visit IC Markets
    Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

    What you will need to open an account with UFX

    As UFX is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

    • A scanned colour copy of your passport, driving license or national ID
    • A utility bill or bank statement from the past three months showing your address

    You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

    While you might be able to explore UFX’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

    To start the process of opening an account with UFX you can visit their website here.

    CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
    This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.ufx.com/ on 12th August 2020.

    Is UFX A Good Broker?

    We spent over 3 months examining UFX in depth. Although we found some very useful aspects of the UFX platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative UFX broker.

    • UFX have a good track record of offering Forex, CFDs, Social Trading.
    • UFX has a history of over 13 years.
    • UFX has a reasonable sized customer support of at least 10.
    • UFX are regulated by Cyprus Securities and Exchange Commission (CySEC). This means UFX fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
    • UFX have regulation from a Tier 1 reputable country.
    • UFX has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
    • UFX have an international presence in multiple countries. This includes local UFX seminars and training.
    • UFX are able to hire people from various locations in the world who can better communicate in your local language.

    UFX Risk Disclaimer

    Your capital is at risk

    UFX not quite right?

    Check out these UFX Alternatives

    We have spent years researching the best alternatives to UFX. Click the links below to learn more.

    If you feel some of the above UFX are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of UFX alternatives below.

    If you would like to see how UFX stands up against other brokers you can read some of our UFX comparisons below. We compare side by side some of our top rated UFX versus comparisons. Read some indepth UFX VS pages below.

    UFX Frequently Asked Questions

    Can I try UFX before I buy?

    UFX offer a demo account so you can try before you put down and payment. Learn more here

    What funding methods do UFX accept?

    UFX offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, American Express, Wire Transfer, among other payment methods.
    Learn more here

    Is UFX safe?

    UFX are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to UFX accounts by traders are held in a segregated bank account. For added security UFX use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

    Is UFX trading good?

    UFX is considered good and reputable to trade with. UFXUFX is used by over UFX active traders. UFX offers Forex trading, CFDs trading, and Social Trading trading. Minimum deposit with UFX is mindeposit.

    Is UFX trading Legit?

    UFX was founded in Republic of Vanuatu in 2007. UFX has been facilitating trade on the financial markets for over 13 years. UFX offers clients Forex trading, CFDs trading, and Social Trading trading. All funds deposited to UFX are held in segregated tier 1 bank accounts for security. UFX is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

    Is UFX a good broker?

    UFX is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.UFX allows Forex trading, CFDs trading, and Social Trading trading.

    Is UFX trustworthy broker?

    UFX can be considered trustworthy. All money funded to UFX is placed into a segregated tier 1 bank account. this means your money in not held by UFX directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).

    What is the minimum deposit for UFX?

    The minimum deposit to trade with UFX is 500.

    How long do UFX withdrawals take?

    Withdrawing money from UFX processing time varies but averages 2-5 days.

    Is UFX regulated?

    UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).

    Is UFX a market maker?

    UFX is a market maker. Stocks, currency and other commodities and instruments will be purchased by UFX even if no buyer is lined up.

    How can I start trading with UFX?

    When opening a trading account with UFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on UFX trading platforms here.

    Is my money safe with UFX?

    UFX is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like UFX is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

    Regulated brokers will not manipulate market prices. When you send in a withdrawal request to UFX, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

    Is UFX a con?

    UFX is regulated and well established having been in business for over 13 years. UFX is definitely not a con.

    Can you make money with UFX?

    Although traders have had great success with UFX. Trading on the financial markets with UFX is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

    Does UFX have fees?

    UFX doesn’t charge withdrawal fees. UFX does charge inactivity fees. UFX doesn’t charge deposit fees.

    When was UFX founded?

    UFX was founded in 2007.

    How many people use UFX?

    UFX is used by over 10000 registered traders.

    What is UFX Headquarters country?

    UFX has its head quarters office in Republic of Vanuatu.

    Does UFX offer negative balance protection?

    UFX offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

    Does UFX offer guaranteed stop loss?

    UFX does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

    Does UFX allow scalping?

    UFX does not offer scalping.

    Does UFX allow hedging?

    UFX offers hedging.

    Does UFX offer CFD trading?

    UFX offers CFD trading.

    Does UFX offer STP?

    UFX offers STP trading.

    How many people use UFX?

    UFX is used by over 10000 traders.

    Is UFX an ECN broker?

    UFX does not offer ECN trading.

    Does UFX offer a demo account?

    UFX offers a demo account.

    Does UFX offer an Islamic account?

    UFX offers a Islamic accounts.

    What are the funding methods for UFX?

    UFX accept the following funding methods : Credit cards, Payoneer, Neteller, American Express, UnionPay, Bank Transfer.

    UFX review written by Andrew Blumer and Mark Hansen

    We hope you found our review of the UFX brokerage firm useful.

    This article was written by our financial editor Mark Hansen and Andrew Blumer.

    Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD’s, Forex and Commodities.

    Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

    Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

    Read some of our Broker Reviews

    COPYRIGHT © 2020. ALL RIGHTS RESERVED. Compare Brokers

    Please note that Comparebrokers.co may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site.

    RISK WARNING: Your capital is at risk. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website. The information contained in this website is for informational purposes only and does not constitute financial advice. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Best Binary Broker!
      Perfect for beginners!
      Free Demo Account! Free Trading Education!

    • Binomo
      Binomo

      Only for experienced traders!

    Like this post? Please share to your friends:
    How To Choose Binary Options Broker
    Leave a Reply

    ;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: