Beware UBCFX is an Offshore-Licensed Broker. It is NOT SAFE to trade.

  • Company name: 

UnitedVertures LTD. UBCFX

  • Registration Address/ License:

Saint Vincent and the Grenadines. Offshore License, No Regulation. 

UBCFX is a trading name of the company incorporated in Saint Vincent and the Grenadines, which is an offshore zone with no implemented regulation for Forex business. The broker promises easy access to profits and trading itself through a diversified range of trading instruments and innovative software.

In regards to the company background, in order to establish a business in SVG, the company should just register firm with a very small capital and then to perform business in a way they see it right. That means that UBCFX delivers financial trading service with no supervises of international authority, there are no operational standards implemented or nor regulate the entity.

UBCFX Review

Even though the trading offering might seem attractive, but with our opinion, you may find something more interesting among the regulated brokers. But an offshore status of the company does not guarantee the provision of services at the necessary level of client and funds protection. For that reason, we would advise choosing the broker more carefully and check on at the first step broker’s regulation status. The reputable firms that hold FCA, FINMA or other licenses are established in accordance to the international standards, protecting clients at every step and even compensate the trader in case if the things go wrong with the company. So of course, we always advise only regulated firms to trade with, as the market trading business with its decentralized nature, unfortunately, attracts many scammers, and the trader should carefully check where to invest money and trade.

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One response to “UBCFX”

  1. UBCFX is a terrible broker. They give bad advice, and are non-responsive when you have issues. Their payment systems are awful, often leading to my card being frozen when I try to make a deposit so that I need to contact my bank to have it unfrozen because it was flagged as possibly fraudulent.

    Their entire hook is that they give you advice for trading, however, more often than not their advice has been bad advice. It’s always on instruments that have a very large spread (their commission) and the entire purpose of this advice is to get you to trade more, not to help you make money. As soon as your money runs out they tell you that you need to add more, and if you don’t then they no longer want to talk to you. The account manager that I had (Sebastian) always says that he can be reached on WhatsApp outside of hours, but he NEVER responds outside of hours, leaving you in the lurch.

    I came to them due to a bad experience with another broker, and it was the worst decision I’ve ever made. I’ve lost all of my money due to their terrible advice.

    STEER CLEAR!!!!!!!!!

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