UFX

Customer reviews reflect the company’s attitude towards them. And traders often speak negatively about UFX. The broker, despite many years of work, resorts to various methods of deceiving investors.

One of the broker’s clients writes that he suffered large losses on the site. The trade was closed by the broker using a stop loss. $6,000 was debited from the trading account, although there was enough money in the account. Technical support admitted that the transaction was closed incorrectly, but refused to return the money. The user believes that this is theft.

The user writes that money is transferred to the trading account quickly, but it will be difficult to withdraw it from there. She invested money there for testing. She managed to earn money, but when the girl decided to withdraw money, the site started talking about technical problems and loss of documents. Often in the chat, technical support ignored the request. She believes that it is better to work through an exchange than through such a broker.

Daniyar writes that if there is money left to withdraw, the trader will have to go through all the circles of hell to get it from there. In most cases, the broker leads to the draining of client deposits so that nothing can be withdrawn.

The UFX trading platform treats clients the same way as most brokers registered offshore do. This is eloquently evidenced by feedback from traders. If you are unable to withdraw money from this scam, then our specialists will be able to help you return the funds.

Terms of cooperation

UFX attracts clients with its ease of registration. A form is filled out on the website and then contact details are confirmed. To withdraw money, you will have to verify your account by uploading scanned copies of identity documents. After this, you can use all the features of your personal account – trade, top up your account, withdraw profit.

Instruments include stocks, indices, contracts, commodities, energy resources, and cryptocurrency. True, only Bitcoin is available among digital assets. The platform is available on any browser. There is also a mobile terminal that allows you to trade anywhere you have access to the Internet. Trading is offered on the author’s terminal and MT5.

The broker offers clients to choose one of six accounts: Micro, Mini, Standard, Gold, Platinum, Islamic. Top-up amount for each of them: $100, $500, $1000, $5000, $10,000. The Islamic account is similar to the Platinum account. The larger the deposit amount, the lower the spread. Each account type has its own characteristics. The most functions are available to Platinum and Islamic account holders.

After replenishing the trading account, clients receive a bonus that must be wagered. The broker invites traders to join the affiliate program. The site indicates four types of partnership: Introducing Broker (designed for people with experience in marketing), Franchising (suitable for all users), Referral Partner (inviting participants via a referral link), opening your own brokerage office.

Most often, clients use the referral program. For each participant attracted, they receive a certain percentage. The broker offers cashback to pay for spreads. Payments are made for open transactions to buy or sell an asset. This is done in order to stimulate traders’ interest in trading. The more actively they trade, the greater the return on the spread.

The broker actively advertises Mass Insight technology. With its help, the website broadcasts the latest economic news, tracks traders’ successful transactions and their strategies. Basically, traders invested in Micro and Mini accounts, because the rest of the deposit amount is too high for many people, and generally inaccessible for beginners.