Score
United Kingdom
|
5-10 years
| http://www.ubankfx.com/
Website
Rating Index
United Kingdom
ubankfx.com United StatesGeneral Information & Regulation
UBFX is a project executed by Finance Managers Co. Limited, in partnership with global financial institutions, banks, prime brokers, and other market makers as liquidity providers. UBFX currently holds a retail forex license from the Vanuatu Financial Services Commission (License number: 14745).
Market Instruments
Investors can access the foreign exchange market, gold, silver, crude oil market, and the index CFD market through UBFX.
UBFX Minimum Deposit
UBFX International offers traders four different types of trading accounts: Standard (no minimum deposit), Islamic (no minimum deposit and no SWAP), Raw Spread (over $20,000 deposit), and Corporate (over $5,000 deposit).
UBFX Leverage
When it comes to trading leverage, the maximum trading leverage offered by UBFX is 1:100. Professional traders may hold that leverage level seems a little conservative. However, inexperienced traders are not advised to use too high leverage, as margin trading is pretty risky.
Spreads & Commissions
The spread for EURUSD is 1.6 pips for standard accounts and 1.6 pips for Islamic accounts. The raw spread account has a spread of 0 pips on EURUSD and a commission of 5 USD per lot. For corporate accounts, the EURUSD spread is 0.5 pips.
Trading Platforms
UBFX AU offers traders UBFX mobile software (Apple & Mobile), MT4 trading software, and MAM multi-account management. The UBFX mobile application is an in-house developed tool for retail market trading activities, split between market and pending orders, stop-loss and take-profit, and powerful real-time charts. The MetaTrader 4 trading software is designed for Forex, Futures MetaTrader 4 trading software is designed for trading Forex, Futures, and CFDs. With MT4, traders can analyze financial markets, perform advanced trading operations or run trading robots (Expert Advisors). The platform supports three trade execution modes, including instant execution, 2 markets, 4 pending orders, and 2 stop orders, as well as trailing stop functionality. Multi-account management software provides a convenient trading page for professional traders and asset managers. Manage multiple trading accounts simultaneously. The trading platform based on cutting-edge technology in multiple areas is both flexible and convenient.
Deposit & Withdrawal
UBFX supports traders to withdraw and deposit funds from their investment accounts via wire transfer (a service fee of $10) and Coin-Gate (a service fee of $15). The minimum withdrawal requirement for all withdrawal methods is $50.
Customer Support
UBFX provides some customer support contact channel, including Facebook, hotline, as well as live chat. Additionlly, there is also a “FQA” section for traders to get some basic answers.
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FX3765457857
Hong Kong
UBFX makes me lose $1,500. I exposed here and hope u guys avoid being cheated, Trading account：18756500833
Exposure
FX2198936827
Hong Kong
Deduct my money for no reason. Why don’t you help me handle the issue? If you don’t help me handle it, I’ll complain about you
Exposure
FX2198936827
Hong Kong
Waste me much money. [d83d][de21][d83d][de21][d83d][de21][d83d][de21]！！！！！！
Exposure
FX3084428210
Hong Kong
I did nothing but lost 300. The withdrawal handling fee is so high
Exposure
橘色气球
Hong Kong
Don't invest here. Severe slippage. How can my account balance became zero with leverage trade? They modify the market on the backstage supporter
Exposure
FX7299211075
Hong Kong
They should be arrested for the fact that you would lose your money no matter the trend is up or down. All they want is to steal our money!
Exposure
会飞的猪（时间10点～17点）
Hong Kong
On July 24th, I bought GBP/JPY and EUR/GBP, and the margin was 400% or so. But my position became liquidated directly on Monday morning. Actually, the range of fluctuation was same as that on 24th. How could it be? I asked for the details of the profits and losses. It kept fending off. One can see the market was not so volatile, which is within the range of that on 24th.
Exposure
蓝胖子30630
Hong Kong
I bought long on AUD/USD on the night of May 8th. On 9th, UBFX caused forced liquidation deliberately through slippage! One can compare the market on UBFX and other 2 platforms. The customer service blamed it on time difference. Take heed on it!
Exposure
FX3964260662
Hong Kong
The broker canceled the trading on crude oil inexplicably.
Exposure
正版孟宪云
Hong Kong
The withdrawal is unavailable for 3 days. The customer service didn’t reply. UBFX even shirked the fault on me. Now I have been blocked by it.
Exposure
FX2587103885
Hong Kong
It is a simply scam platform since it cannot tell its logo! I was informed that my fund had been transferred into BL GLOBAL MARKETS(its regulation is removed). One month ago, I even couldn’t find this platform on MT4. My fund is doomed. It is a rip-off!
Exposure
听雨97244
Hong Kong
There was no opening price nor closing price on crude oil during the first hour, leading to misjudge, while the customer service refused to take responsibility.
Exposure
否极泰来906
Hong Kong
Please investigate UBFX to prevent it from scamming.
Exposure
FX3659143170
Hong Kong
This is a scam platform. Don’t be cheated.
Exposure
FX8039281505
Hong Kong
After scamming me several hundreds of thousands of fund, it absconded.
Exposure
maiki 谭R
Hong Kong
The customer service said that it wasn’t responsibility.I was in the doghouse again since my 4 orders weren’t dealt at the take-profit price of 1500.50.
Exposure
FX6199147438
Hong Kong
Their system is a trap. I set a 1298 stop loss level. But my close position price was unbelievably 775.18. It just freefell from 1304 to 77.18. How could the market be like this? The gold price has never been this for years. I deposited $100 and now it became -$400. This is absurd. The customer service is missing. I think they are ready to flee. Luckily, I didn’t invest a lot. I just wanted to try. They even scam $100.
Exposure
FX8469874967
Hong Kong
Slippage, chuck, the transaction is not smooth, every day they cheat you and give you order advice to let you make orders No supervision, scam platform
Exposure
FX7199414690
Hong Kong
The 0.1 lot order was set up on July 12nd.The rollover of each order is at least $40 or so.The order should be position adding became a loss order.The rollover of 1.5 lot order was $1400.
Exposure