UFX Market scam or not....My expereience

[anup2c]

Hi,

I am a new member at UFX market.I got link from Facebook and joined on last week.First i deposited 200usd and selected mini account.I got a call from customer care support and they said if you are a beginner or experienced it is always better to start with 500 so you can get bonus of 150 also.bonus I always know there may be hidden issue with withdrawal as i got many experience with online casino they wont allow withdrawal until without finishing wagering.The support team ask me how experienced you are I said just beginner.they force me to put another 300 to make my deposit as 500 to get bonus and supporting from broker.I said i will do it later.I have my own strategy for Forex i feel that is secure for me.After few trade i keep going my balance is lower so i deposited another 300 and win to 750.next day i get email from customer care service and ask me to sign the bonus accept bonus.
But i never did that i send personal mail to my account manger saying i don't want to accept the free bonus.i am every day getting phone call from personal broker and they want to teach me some thing.I normally get advice only for my worst trading as i trade only in currency.now i am up 400usd i got call yesterday they want to deposit more to make my account to trade like stock and indices etc...i know there are lot of risk of money so i didn't accept and requested 250usd withdraw.they ask me to submit identity proof. i submitted and support ask me to wait 7-10 days to get my money in my bank account.so i am waiting

below i give you my few tips since i heard lot of complaints from them through forum

1-if you are new member and new to trading better go for 500 normal account
2-never accept bonus
3-personally i wont recommended to follow broker advice
4-strat with currency trading and trade with small lots.let it be market favor to you or not
5-there are lot of free signal service provider just follow them you can be win


i also noted they are regulated now with
International Financial Services Commission


so far so good with ufx.waiting for withdraw i will keep updating

 

[Pharaoh]

The Belize IFC is just a registration body, not a regulator. The only enforcement action they can take is to kick a company out.

Your 5 steps of advice will protect traders from some of the scams that UFX likes to pull on their clients, but not all of them.

It would be far safer to not place one cent with UFX.

 

[anup2c]

The Belize IFC is just a registration body, not a regulator. The only enforcement action they can take is to kick a company out.

Your 5 steps of advice will protect traders from some of the scams that UFX likes to pull on their clients, but not all of them.

It would be far safer to not place one cent with UFX.

can you suggest another website which like ufx market i meant same like trading platform trusted and regulated.

I am from Asian side (Singapore)

 

[anup2c]

please help me to get 100% regulated and trusted trading platform.I love ufx market trading platform means the website design

 

[Master Yoda]

Your logic is exactly what many brokers don't want you to have. You said exactly the rules on how a trader should behave.

UFX is a scam, and you got away from it. By the way, to which of their bank accounts you have deposited?

 

[anup2c]

ufxmarkets.com - i use this platform

 

[Master Yoda]

ufxmarkets.com - i use this platform

my recommendation- don't

 

[anup2c]

Hi,

I was not logging for quiet few days.I want to tell my withdraw was successful with UFX MARKET.I withdraw 300 dollar first ,take 8 days to compete.And my second withdrawal completed today for 100 dollar take 7 days .I dont know whether they improved their service a just pure luck for me

Thnaks

 

[joe1981]

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info: You are now chatting with 'Kim'
Kim: Hello and welcome.
Kim: How can I help you today?
yousif yousif: Hello ufxmarket should withdraw amount of $1,000.00 but it's only been withdraw worth of $700.00. So whan will you guys send my $200.00 to my credit card.
Kim: What is your username?
yousif yousif: yyousif2012@gmail.com
Kim: Just a moment.
yousif yousif: ok
Kim: we have sent you on 29.11.13 2 transfers of $300 and $500.
Kim: we made a pullback on the $200 as you didn't reach the volume and we don't transfer bonus or profits
Kim: Anything else I can help you with?
yousif yousif: so why did you guys pullback
yousif yousif: no you guys said last time sending me 1,000.00
yousif yousif: I have it on my email
yousif yousif: so $200 need to be transfer to my account right now
yousif yousif: are you their
Kim: Just a moment.
Kim: I'm checking for you
yousif yousif: ok
Kim: the email you got is an automatic email that we have received your request for $1000 but still not approved
Kim: we have approved $800
yousif yousif: my email was from you guys just like now how you are talking to me
yousif yousif: Kim
Kim: of course the email is from us confirming we received your request but we haven't approved it at that time
Kim: we approved $800
yousif yousif: so you are not going to pay my $200
Kim: the $200 were bonus and we don't refund it
yousif yousif: no
Kim: because you didn't reach your volume
yousif yousif: 1,456.0
yousif yousif: 456.00 was bonus
yousif yousif: 1000.00 was my
yousif yousif: ok thank you Mr. kim for your time
yousif yousif: I will send everything to my card credit department and they will look after me. fraud department because you guys just fraud me now.
Kim: Sir, you deposited 500$ on 20.11 and another 500$ on 21.11
yousif yousif: ok thank you bye
Kim: you recieved a 30$ welocme bonus (150$) on your first deposit
Kim: and you recived 50$ redeposit bonus

 

[Pharaoh]

Hi,

I was not logging for quiet few days.I want to tell my withdraw was successful with UFX MARKET.I withdraw 300 dollar first ,take 8 days to compete.And my second withdrawal completed today for 100 dollar take 7 days .I dont know whether they improved their service a just pure luck for me

Thnaks

Based on what I've seen, I would lean towards pure luck.