UFX broker review 2023 ++ Scam or not? Test & conditions

More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. Traders who make a minimum $1000 deposit get exclusive benefits from the Trading Central. It is an industry-leading provider of market analysis, investment research, and financial research. They have inexperience account manager that always ask you open trade with high risk and only reply you if you want to deposit money.

• We will be mentioning the availability of the customer support service as well as the payment options that are on offer with UFX forex broker.
• After deposited the money for investment for a couple of weeks I receive no response from any trading managers or trainers contacting me as I had mentioned I have absolutely any experience at all.
• They have inexperience account manager that always ask you open trade with high risk and only reply you if you want to deposit money.
• UFX is a Forex broker founded in 2007 in Vanuatu and provides online trading services worldwide with the exception of the USA and some other countries where restrictions apply.

For more detail please read our reviews of markets.com and UFX. British traders will be hard-pressed to find a better broker. UFX offers bonuses and contests regularly such as rebate bonus, deposit bonus, redeposit bonus, happy hour bonus, pip spread bonus, PMB, refer a friend bonus, and more. Some of them only for new clients and some of them all new and old clients.

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I wanted to close my UFX Bank account and have been called from different persons in a short period of time. They all wanted me to keep trading and wanted me to make at least one last transaction. They have been so annoying and I was so pissed that I agreed that I’d open one last silver position. The account manager put my whole bankroll at stake and I lost it all. That’s not what I wanted but they were happy now because I lost everything. The website does not provide investment services or personal recommendations to clients to trade any financial instrument.

The technology relies on changes in trading activities, turnarounds, and volatility to come up with detailed sentiment data. This brokerage offers a broad range of research and education resources. Some resources provided by UFX include FXStreet-powered headings and a dependable economic calendar. This implies that they include commissions in their spreads. Their fixed spreads are high and vary from one type of account to another.

• Thank you for posting this; I`m talking about UFX.com.
• Many broker reviews conclude that over the years, the financial trading firm has provided a reliable, secure, and progressive trading environment to all its customers.
• New accounts require verification via a copy of the trader’s ID and one proof of residency document.
• ParagonEx WebTrader 4.0 is a web app that runs perfectly through browser applications such as Google Chrome and Safari on mobile devices.

Im one of the latset scammed victims of UFX negligence. They have once again failed a professional standard of Duty of care for their so called valued clients. I have commercial Litigation specialist Lawyers ready to go with contacts in the UK and Cyprus. Those of you who wish to see a little reward of your loss to keep it conservately, please reply to this notice and I will be in touch with you as soon as possible with advice and direction.

Safest Forex Brokers 2023

For starters, you need to select the ideal broker who’ll be clear with you constantly. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Yes as markets.com was founded in 2008 and is regulated by ASIC, B.V.I FSC, CySEC, FCA and FSCA. Each account offers different benefits and advantages. There are hidden ‘conditions’ to getting actual cash out of UFx; one of them is that Bonus funds cannot be withdrawn.

A reputable company or broker would NOT waste anymore time to get in touch with someone who hardly has any money burn either. Amen… Just by going through these comments I can’t help myself but gasp. As we speak I’ve been receiving a countless number of annoying phone calls, demanding that I open a real account since I only have a demo account which I’ve been ignoring. I have had an experience in withdrawing my money from ufx before and it is successful. Yes, the account manager will tell you to open a trade NOW.

The platform is available in its latest 4.0 version, equipped with innovative MassInsights™ Technology for high-quality information on prevailing trends in the trading markets. This advanced technology has received multiple awards for its industry-leading efficiency. All the trading brokers that offer trading implement certain criteria of trading that users have to follow in return for the services they get from the platforms.

Forextraders.com does not recommend UFX. To see our recommended brokers click here.

If you prefer that your ufx broker not read by ufx on this site, please email me at . He wanted me to open really high positions, and I lost my account because the positions went against me. Didn’t really got teached how to trade, so my account went up and down. Please, don’t do any business with UFX..This Company is just out to steal from you.. I lost my entire life savings and they won’t even pick my calls or reply my email.

Equity CFDs allow traders access to the most commercial names. Over the years, they’ve successfully established themselves as highly reputable. They have a perfect marketing approach, and their customer support appears to be highly-knowledgeable. The best thing about these apps is; they are easy to navigate and come with a broad range of useful features. When it comes to charting, the apps offer unique experiences and come with multiple drawing tools and indicators. Although the chat service is highly accurate and quick, the e-mail support does seem somewhat slower with only one web form for all the customer enquiries.

These include Tesla Motors, Facebook, Boeing, Fenerbahce, and plenty more. What sets ParagonEx apart and our UFX review team found impressive is the integration of MassInsights. Another of UFX’s proprietary trading technologies, this system provides valuable information on a variety of assets that will help you make better trading decisions. UFX does not offer trading bonuses, but this is because they are not allowed to.

The broker supports any credit/debit cards, WebMoney, Skrill, Payoneer giropay, iDEAL, Neteller, SOFORT, ELV, CashU, Qiwi, POLi, Neosurf, China UnionPay, Paysafecard, and bank transfer. By the way, i know because i had a Bonus account with them and made some decent profits over 2 months. But they evaporated the account and i lost the funds. After that account manager is pushing to invest more and I said u don’t have any money but he’s insisting to borrow from bank friends relatives etc.

The UFX Markets broker company is focused on the ease of use for the traders as end customers. The approach is personal and really simple, with a clean look and easily accessible and practical platform. With competent staff, the platform as well as the general understanding of the trade for beginners seems really simplified and laid out. With reasonable and competitive spreads, and UFX instructions, it’s rather easy to get your way in Forex trading. However, we advise never to take the advice for granted, always double checking your strategies and never blindly following the instructions.

TOP 5 Exchanges

UFX has fulfilled its promise of imparting technical knowledge of trading among users. The platform has helped a lot in this field by making new traders into professional traders within a short span of time. The features and facilities like an economic calendar, elective professional clients, video lectures to train the news traders have made significant positive results. In this way, UFX has done a lot in educating the new traders by empowering them with the necessary tools required for trading. SMS alerts, recent updates are given to certain account types to have full interaction with the market and information about their trades.

With UFX, you can use trading platforms such as MetaTrader 4 and WebTrader. To start trading with UFX, first you need to sign up with UFX. UFX representatives are always available to assist you at every step, via phone, email, & live chat. Once your account is funded, you are ready to start trading with UFX. All assets can be traded both on the broker’s own trading platform, ParagonEx Web Trader, and on the widely used MT5 platform.

This UFX review explores a highly reputable, well-regulated STP broker. UFX is a leader in the retail trading industry and offers its services to clients all over the world. 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.

Unlike other brokerage companies that have complicated trading platforms, UFX trading platforms are straightforward, unique, and unbelievably easy to use. Most importantly, their trading platforms support mobile trading. To make sure traders have an easy time depositing and withdrawing their funds, the broker supports various methods of payment.

Learn Forex Trading

Apart from MetaTrader 4, another alternative trading application based on UFX broker reviews that customers of UFX can access is ParagonEx Web Trader 4.0. The financial trading firm also boasts about its world-class cybersecurity protocols, which secure both traders’ information, and ensures safe transactions on every trading session. Straight-through-Processing business model that provides traders with an easy-to-use trading application for CFD trading.

UFX provides 24 hours customer support to its users and due to the great customer support; it gets overwhelming responses from the users. The platform provides support in different ways that we will discuss here briefly. UFX provides a great facility to the users that are available worldwide so that traders don’t have to face any issue regarding the depositing of funds. UFX provides a great facility to its users by providing multiple deposit methods and instant deposits. The withdrawal time is also standard around 2 to 5 business days. Our main concern with this broker is their inadequate regulation.

Retail trading accounts

We’ve attempted to breakdown all the features and charges for your advantage. We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither markets.com nor UFX charges a withdrawal fee. Overall, markets.com has better deposit and withdrawal processes than UFX. Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

Additionally, https://forexhero.info/ tried to leave fake reviews for itself at least 6 times. Forex Peace Army believes UFX is a scam broker and warns traders not to trust it. UFX is an offshore STP broker with Forex and CFD trading, founded in 2007 in Vanuatu and regulated by VFSC.

I would like to thank you all for sharing your experiences with them, it was quite helpful to understand the way they deal with their clients and I feel sorry for what happened with you. In the end these masters unknown to you , don’t want you too have money or earn a living like this , they want you to produce and work , then they can trick you and rip you off . I count waves of markets , GOLD , CURRENCIES , DJI STOCKS . I prefer currencies which can be traded through business banks without margins . They will push you to add more and more money and it will eventully go away. Scams,fortunately I found this forum and saved my money… thanks for preventing me,you are perfect all you guys.

For every trade you make UFX will award you a certain amount of cashback, depending on the type of asset. UFX allots you a trading target, once you’ve made your first deposit. Once this target has been reached you will be able to redeem your cashback award. And don’t worry about losing track because you can keep an eye on your progress via your UFX Reserve. UFX is an STP broker, which means it will never take the opposing side to your trades, and offers fixed spreads. UFX is a Forex broker founded in 2007 in Vanuatu and provides online trading services worldwide with the exception of the USA and some other countries where restrictions apply.

Live tickers provide real-time data on asset price movements. The interactive nature of this social trading platform is its most redeeming feature. The UFX asset list, at this reading, totals out at nearly 250 items, including 51 currency pairs, 8 commodities, 7 indices, 171 stocks, and 12 ETFs. Lastly, Dennis de Jong, the firm’s Managing Director, wants to establish a dialogue directly with you by posting his plans for UFX for the coming year right on the website. Find another forex brokerage house CEO willing to state publicly his commitment and confidence for inquiring eyes to see.