Score
United Kingdom
|
10-15 years
| http://www.ufxpartners.com/
Website
Rating Index
Influence
C
Influence index NO.1
Dominica 5.04
LicensesLicensed Entity：Reliantco Investments Ltd
License No. 127/10
United Kingdom
WikiResearch
Libya
ufxpartners.com ufx.com
VIP is not activated.
| UFX Review Summary | |
| Founded | 2009 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC (Revoked) |
| Market Instrument | Forex |
| Demo Account | ❌ |
| Leverage | / |
| Spread | / |
| Trading Platform | / |
| Minimum Deposit | / |
| Customer Support | Live chat |
| Contact form | |
| Fax: +44.207.681.1810 | |
| Tel: +44.203.318.9450 | |
UFX is a fx brokerage company registered in Cyprus and founded in 2009. It currently only holds a revoked CySEC license.
| Pros | Cons |
| Long operation time | Revoked regulation |
| Live chat support | Commission fees charged |
| Limited payment options |
UFX is licensed by CYSEC to offer services but currently revoked.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Cyprus Securities and Exchange Commission (CySEC) | Revoked | Reliantco Investments Ltd | Appointed Representative (AR) | 127/10 |
| Trading Instruments | Supported |
| Forex | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Clients will receive $50 for each initial deposit, and then 25% of the initial pip spread from each trade, multiplied by a percentage of the volume. Earn a percentage of the company's trading turnover among the clients. Make up to 35% revenue share.
There is a minimum payout. The monthly earnings will be sent out to clients only if the sum is over $100, otherwise a commission will be carried over to the next month.
UFX accepts payments done via wire transfer, money bookers or PayPal.
investor alert list UFX Global Limited ASIC advises this company could be involved in a scam
Country/Region
Disclosure time
2019-06-03
Disclose broker
Warning regarding unregulated entities
Country/Region
Disclosure time
2010-04-19
Disclose broker
UFX, a retail broker that offers forex and contracts for differences (CFDs) trading services, seems to have quietly closed its doors. According to a note on the company's website, "UFX is no longer providing investment services to customers in this area."
The Forex trading industry has gone a long way in recent years, and many brokers have already earned a solid and favorable image; nevertheless, there is another side to the story. There are a number of untrustworthy Fake Forex brokers on the market that traders should be aware of and avoid at all costs.
In my view, the main advantage is that UFX has been around for a long time, which means they’ve survived multiple market cycles. They also offer live chat support, which makes contacting them easier compared to brokers with only email forms.
From my own research into UFX, I can confirm that it was once regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 127/10, but that license has been revoked. This means it currently operates without active regulatory oversight, which for me is a major red flag. Trading with an unregulated broker like UFX means there’s no investor protection from a financial authority if things go wrong.
From my research, UFX only offers forex trading. That’s quite limiting in my opinion, especially since I usually look for brokers that provide commodities, indices, and cryptocurrencies to diversify my strategies.
UFX does not offer a demo account, which for me is a major negative because I rely on demos to test a broker’s execution and spreads before committing real money. There’s also no mention of an Islamic account, so swap-free trading likely isn’t an option.
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FX9220879122
Nigeria
On 15.JUL.2015 I was trading EUR/ CAD pair at UFX and I made 7571.36 USD profits. The same day I get email from their employee (VikyG@ufx.com), they deleted my profit (7571.36 USD), in connection to section 9.6 terms and conditions. So they claim there was "NO QOUTE" on the market in the time of my trading. NO QUOTE means I couldnt open deal, but I did, so they are wrong!!"
Exposure
FX1694550972
Philippines
unable to withdraw about this site. ive deposited $300
Exposure
胡丹
Saudi Arabia
الشركة تنهب ٦٥ ألف من رأس المال و ترفض ردهم رغم وجود كل الأوراق التى تثبت ذلك
Exposure
FX1280925788
India
Suddenly, I cannot open its official website?! What the hell? I just registered an account for two days! While my account manager comforted me that the official website was temporarily down…
Neutral
FX1047636992
Mexico
My aunt told me that this broker is excellent, but after reading it, I thought that the trading conditions were mediocre. I wondered if he was brainwashed, but when I checked again today, his website couldn't be opened! Did he run off with the money?
Neutral