Is UFX a scam or legit broker?

No, it is not safe to trade with UFX. UFX is owned by UFX Global Limited which is an offshore company registered in Vanuatu and claims to be registered with a Vanuatu Financial Services Commission (VFSC) license.

However, Vanuatu is a known offshore zone, which does not imply the strictest regulation of the financial investment firms, while the only requirement is an initial start capital of 2,000$. Therefore, the non-regulated broker located in liberal and tax paradise reveals many questions in terms if they really provide the services they claim. We have a detailed article explaining the risk of trading with brokers from Vanuatu.

UFX Review

UFX Global Limited is a company incorporated in the Republic of Vanuatu that operates under the trading name UFX Markets or UFX, yet confuses investors with the statement about its offices in Germany, Czech and UK. The UFX broker claims it’s providing a secure trading environment as #1 priority, while all clients funds are always held in segregated accounts. In addition, the broker states the numerous industry awards that recognize them as an “FX Broker of the Year” or “Best Trading Platform and Tools”.

The UFX Markets offering, the company is not officially registered with any industry authority to offer trading services, while its performance not overseen or supervised by anyone. Moreover, the broker was previously listed as a trading scam while investors were warned by its unregulated nature and use of marketing techniques to attract traders.

New Zealand’s regulator Financial Markets Authority has issued a warning against UFX:

“We believe the registration and regulation information claimed on the website is false and misleading. We are concerned that UFX Global Limited could be involved in a scam. It (www.ufx.com) is based overseas with no presence in New Zealand and does not appear to be subject to regulation by an overseas regulator.”

The negative reviews and “guilty” verdicts in UFX reputation is something common as well, while it all seems the broker still attract vast investors.

We advise all investors and traders to avoid UFX and other brokers from Vanuatu. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and XM.com.

No news available.

3 responses to “UFX”

  1. UFX is a scam firm owned by Haim toledano Israeli citizen they are professional scammers steal people money and destroy families
    Take care and share

  2. They stole 71000$ from me
    Scammers steal people money and destroy families
    UFX is a criminal firm in Tel Aviv hamasger street nine
    They deceive you initially by fake profits then steal everything
    Scammers steal people money and destroy families

  3. The story started at21 aug 2019. I saw this ad on Facebook,I signed in just to see what it was all about but then did nothing further.then,so many calls from Jad Jabreen,UFX employee who convinced me to open an account on UFX.then Ghinwa Kasem another employee in UFX called and told me not to worry about losing my money in UFX and I told her I know nothing on forex but she told me they will assist me and will assign an account manager named Amir Hassan and he will do everything instead of you to win money.They swore that deals will be done at very low risk.they did not train me at all and did offer to train me .they made me to deposit an initial $6600 USD and Amir did for me some deals which showed profits just to trust them and he did an initial withdrawals for $25 usd to trust them more.but when I tried to withdraw my money because I read that UFX is a scam they refused and did many call to convince me that this is not true and a senior Employee named Fakher Barakat called me and swore that this is not true and that their competitors are doing this rumors.he convinced me to transfer $60000 to them through the KAJ KAPITAL count in commercial bank of Dubai and for 3 days he did a profit of 10 thousand USD $ by doing many deals in one day.then he did a very big and bad deals on oil and NZD/FCH although I told him that it is risky and he assured me and said,don’t worry we are safe.then suddenly my account showed profit loss and he put my account into Hedge . I didn’t even know what that even meant and asked him and he told me that next week you will make $60000usd and just we need to find right exit points blar blast blaa . Now they will stole my money and will need more money .they didn’t offer me training on forex . They did deals opposite to my orders.they did illegal presentation of their terms and contracts by deceiving me.they used telephone number from London and they are in Israel.their employees are not certified. They’ve many verdicts before.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code