UFX Review 2023: Is UFX Really Safe? Find Out Before You Start Trade!

Both trading platforms are available on mobile devices. UFX offers fixed spreads across all account types, which are a bit higher than some of its competitors. Yet, we must inform you that there is a moderate difference between online brokers and automated crypto trading robots. My husband lost close to USD150K from the advices given by the personal trading assistance. My husband has zero knowledge in FX yet they ask him to trade and put in more trades despite of his losing positions.

Some of these methods include https://forexhero.info/ wire transfers, credit cards as well as eWallets. UFX offers multiple trading platforms to take care of the trading needs of various traders. Their most popular trading platform is ParagonEX. In addition to being web-based, ParagonEX is easy to use and is mobile compatible. ParagonEX does not require downloading or installing any software.

opinions and experiences

Further, into the ufx broker, the broker has been analyzed based on its trading platform offerings and types of accounts. From providing a feature-rich demo account to having the most advanced trading accounts, the company covers almost every need of its clients. While the top-tier accounts are expensive, they offer the benefits of its proprietary MassInsights Technology and other trading tools. Access to ParagonEx WebTrader 4.0, MetaTrader 4, and MetaTrader 5 is a significant advantage for its clients. Compared to other brokers, UFX provides its clients with multiple options for processing their payments. These processors help the clients in depositing funds and opening new accounts with the broker.

When autocomplete results are available use up and down arrows to review and enter to select. Touch device users, explore by touch or with swipe gestures. Avoid abusive language and personal attacks, directed either at the broker or the author. Swindled thousands of people out of their hard earned money. UFX bears some hallmarks of a legit broker but the fact that the FCA cancelled their authorisation is a bit dubious. Furthermore, according to their CySEC page, the firm is “Under examination for voluntary renunciation of the authorisation”; however, the reasons are not clear.

Trading Platforms

MassInsights is for social trading and Trading Central for education purposes. UFX is an established online trading brokerage company with many years of experience. They specialize in commodities, ETFs, indices, currency pairs, and stocks.

• The margin requirements vary depending on the instrument the user is trading.
• First, the broker provides the daily market and financial analysis section on its website and the economic calendar that shows a forecast of all the upcoming events.
• Trading with leverage can wipe your account even faster.

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. The broker offers special call support for the UK, Germany, Cyprus, United Emirates, Russia, France, Turkey, Bahrain, Singapore, Spain, Czech Republic, and Italy. The MT5 allows traders to customize trading styles, opening up to 100 charts at a time.

FMA issues UFX broker warning

But their trading platforms when compare with the Asian Trading Boards, is one the best and simplest one even though I still need to explore further. May be the some ufx trading officer see or heard your naive request or asking for withdrawal, actually don’t need to, that trigger their criminal mind to take advantage of your ignorance to abuse it. Out of interest was your vip trading manager mr David Hansson???

However, any transfer fees imposed by banks are the trader’s responsibility. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results.

Win GoPro Hero 11, Instagram Giveaway – HF Markets

CFDs are complex products that acquire a high risk, and many retail investor accounts lose money when trading CFDs. Traders should consider whether they can afford to let their retail investor accounts lose money. Opening an account with UFX is straightforward and in line with other popular brokers. This broker offers a range of account types and a reasonable minimum deposit, making it accessible for any trader, regardless of your investment budget.

Also available are native mobile apps which are easily accessible on Play Store and App Store. This platform comes with many trading tools, charting packages, and a whole lot of useful technical indicators. Yes, UFX is a good and reliable broker because UFX is a CFD and Forex trading broker.

So I got again a new account manager, they try to get you with so frases, I really like you, you are a nice person, I wan’t you to make money. I recently recovered my own investment from these bogus brokers. Can you guide me on what action I should take for these people. This is very scary to newbie trader and how are the newbie to get the licence broker to invest. Don’t use them and trade with a broker that is regulated by the NFA.

UFX are not included in our list of recommended brokers. Our experts have assessed this broker but could not confirm if UFX is safe. This broker is regulated by the Cyprus Securities and Exchange Commission under license number and Vanuatu Financial Services Commission . WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.

They keep on calling from numbers from allover the world. If you are unfortunately a uFx client, you need to abandon them with haste; and seek the grace of God to recover. It may be possible at some point to get some or all of your funds back; but i would not depend on it.

We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. UFX gets a lot of complaints but there are mitigated by an equal number of good comments. On the other hand, UFX gets good reviews and you can’t do better than that. It doesn’t get perfect reviews but there is a nice blend of satisfied customers and that gives some confidence.

And I researched the company on Google, so I have saved the money I didn’t have anyway. Do not invest with ufx is a total scam thieves i lost £ back 2015 is a hell experience I will never forget . I normally never post personal stuff on Facebook however im hoping by sharing this message you will kindly help report/share a scam trading company called UFX which has taken $280,000 from me.

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. The broker offers 2 types of trading platforms, which are web-based and MT5. As we already mentioned, the customer support system is something that needs to be a top priority for any broker.

While it might seem a little steep, the fact is that access to such powerful information can significantly improve your results. You can conduct professional level technical analysis. MT5 allows you to open over 100 charts at the same time and has 21 timeframes.