UFXmarkets.com is a scam. Be alert

[Master Yoda]

"We will give your money wings, and make it disappear"

 

[Client Complaint Officer]

Status Update

1. I register ufxmarkets for the first time. 2 days later there was a call from their staff. Asking me i have any trading experiences.
2. I deposited $ 500 and incurred a loss of $400. I agree these were entirely my mistake but read through.
3. I was introduced to a broker aka Shane Arquette. He told me to deposit 6k USD to stabalize my account but i insisted. I deposited 500 usd instead. He gave me a small amount of profit 90 usd
4. A few days later i traded and incur some loses about 200++ usd. He called me to deposit more to stabilize my account. He was constantly giving some pressure on me.I did so with only 800 USD. I asked him should i close the trades? He said is fine. Just leave it open. Later the loss escalated to 500 USD and he gave me some trades one of them profited 50 usd and crude oil which made me incur another lost of 250. I smell something fishy when he called me to trade in large amount. Which my account could be easily wiped off.
5. I couldn't take it anymore and i search through ufxmarkets review. I saw how they scam people by making them lose and deposit more. I quickly close all my trades with the total loss of 800 usd ++.
6. I requested for a withdrawal but need permission of account manager. WTF? Its my money!
7. I sent an email to them regarding my withdrawal but no reply.

Dear forum users

We have discussed this matter with this client and asked him to confirm that the withdrawal request he made was indeed processed. He declined. I would like to stress that the funds he asked to withdraw were sent to him with accordance to standard UFXMarkets practice. Though we have addressed his complaint as soon as it reached us and provided the best possible service, we understand that this client did not enjoy his trading experience with us and we apologize for any inconvenience.

Kind regards
Alex Reynolds
Client Complaints Officer
ccofficer@ufxmarkets.com