Discuss UFX.com aka UFXMarkets.com aka UFXBank.com

[dealer64]

A gang of crooks .. must be avoided .. Luckily I opened an account of only $ 1000. For a month I ask for closure of the account .. and I can not get my money .. now I do not think they'll ever see ... even the Account manager does not even answer my mail .. Promise trading signals with great results .. but then they do not hear more .. or if they do this is to ask to increase deposits to the account .. and the request for withdrawal of funds .. or do not respond or forward such excuses that there are good trades to make.
I have yet to pick up that trade for half a million dollars and other crap .. then suggest trade absurd without any risk management policy .. Be avoided like the 500 's plague .

 

[mteodora]

It seems to be a scam: in their terms and conditions there is a term of "3-5 days for withdrawal" .
My withdrawal from deposit delayed for another week without any explanation - the customer client chat is just useless and account manager doesn't answer the phone:

You are now chatting with 'Goldie CS'
Goldie CS: Hello and welcome.
Goldie CS: How may i help you today ?
mteodora: hello
mteodora: i asked for withdrawal
mteodora: I didn't receive it
Goldie CS: Just a moment
Goldie CS: Your account manager didn't contact you?
mteodora: no!
mteodora: I called him and he didn't answer
Goldie CS: I have informed him about it
mteodora: you told me the same story last week
mteodora: that my manager will contact me and update
mteodora: he didn't and I didn't receive my money!
mteodora: is it a scam or what?!
mteodora: will you tell me forever that my account manager will contact and for how many months do I have to wait to "be contacted"?
Goldie CS: when was the last time you spoke to him?
mteodora: beginning of last week!
Goldie CS: and what did he say?
teodora: that I will receive my money in 2 days!
mteodora: I didn't!
Goldie CS: and what else he told you?
mteodora: nothing else!
Goldie CS: where the money will be going?
Goldie CS: to your bank account or Credit card?
mteodora: to my credit card, the same I made the payment with
Goldie CS: so did your check your CC ?
mteodora: yes!
Goldie CS: did you checked today?
mteodora: yes!
Goldie CS: you will receive them soon
mteodora: how soon????
Goldie CS: this week
Goldie CS: you will see your money this week
mteodora: you told me the same last week!
mteodora: next week you will also tell me "this week"?
mteodora: I want clear explanation what is happening with my money right now!
Chat session has been terminated by the site operator.

at this point the conversation is closed by customer service (?!?!).
Neverending story.

 

[Pharaoh]

Keep contacting them by email, phone, and live chat. Keep updating this thread and let them know about it. Show the world what happens.

 

[amal65]

UFX market a big scammers in the forex world

Hi mteodora
Please read my post regarding this company UFX Markets company and see the attached file on my post.
according to my experience with they and what was happened to my exactly dated on 27/02/2012 they will not allow you to take any money from your account , I only asked them for 2000 dollar , and they arrange me a big trick over the phone by my account manger his name is Kamal Suliman to lost all my all money and my profits which I achieved with them within fifty days
I warn you here through FBI form ,do not repeat my mistake keep contacting them over the phone or by email to get your money back ,I advice you here do not do any trade with them what ever their temptations , they will broke you and they will take all your money, and in the last they will tell you if you need your money back please fund your account again.
Attached here my account manger detail for your kind information.
Kamal Sliman
VIP Account Manger
EXT:249
UK Phone +44-208-1500778
Fax +44=207-6811810
Kamals@ufxmarkets.com
UFXMarkets | Online Forex Trading Broker | Trade Forex, CFD, Commodities and Indices

 

[amourad]

I have logged to UFX Markets website on March 21, 2012 checking it out and registered for a demo account. Next day their sales rep contacted me and convinced me to open a live account and that will allow me having an account manager advising me on trades, and I agreed to deposit US$ 1,000 and see how it will work.
One day later I got a call from me new “account manager” and he welcomed me in the company and gave me a trading advise which gave momentarily a nice profit. Couple of hours after he called me again and said there is an amazing opportunity, but I have to deposit US$ 4,000 more so I can go for it. He kept in doing that over and over until my total deposits in few days reached US$ 22,000. When we reached this level he started advising me on big trades which totally contradicts with my market analysis, if I went for those transaction I would get my account lost in couple of hours. He went for trades with 0 money management basics like using over 50% of the account for one trade.

I stopped taking his recommendations and started trading on my own with smaller amounts, until my account balance reached almost US 28K with the profits of my trades. Then I saw the links to their scams on one of the forums that directs the forex scammed people to this great website. After seeing the reviews posted here on them I have started talking to my account manager Mr. Fuad Malki requesting a withdrawal of US$ 4K, after long debate and a week of waiting I got the $4k into my bank account. After this withdrawal and couple of trades my account balance currently is $24,764, on March 31st I have request a withdrawal of $22K of my account and that is where all the games started. It is 10 days now since I requested the withdrawal and I didn’t get my money, I followed up with them several times by emails and started calling them over and over and each time my account manager try to convince me to enter into a new trade and I insist on the withdrawal until they today 10th of April 2012 where no one is picking up the phone in the company. It seems like they have barred the numbers I am calling from so they don’t have to deal with me.

I know I did a big mistake for not doing a proper due diligence before placing my money with this company, but I am where I am today and I desperately need help as I need this money back for an urgent matter. Will really appreciate any guidance or help getting my money back from this company, please.
At the time of this post my balance is $24,764 which is $18,000 from my initial deposits and $6,764 of profits.

 

[Pharaoh]

Send an email to UFX. Let them know that you have a thread here and will keep it up to date about your withdrawal.

If they don't process the withdrawal within one more week, leave a 1 star review and open an FPA Traders Court Case.

 

[men7aa]

I saw the advertisement and I have deposited 200$, after five minutes I received phone call from a guy called Fady Zidan asking me to increase it the amount so that I can get the bonus which is a limited offer and that I should make use of it. I beleived him and I increased to 3000$. I made one transaction in the morning and in the afternoon Mr. Amin Basioni called me asking me to increase the amount to 10,000$ so that I can work on the oil and gold. I refused that and since then I haven't heared from them. I sent many email and tried to call them but he is always not available. The next thing I did is to replace my credit card with a new one just incase they withdraw any additional money.

 

[firas666]

I have been trying to withdraw my balance for 15 days now and it is still the same story. I have the same account scammer, Kamal Soliman. These people are thieves.

 

[Austrader2012]

UFX Kiss of death complaint.

I have some serious complaints that I feel have not been resolved.

I have asked UFX to stop sending me signals by phone and text. This has not yet been implemented even though I have changed my details online in my profile.

I have asked for money from a kissofdeath scam handled by Oliver trashed my account as the trade plan was not implemented in the way discussed. For someone to claim that they are a professional Dow JonesTrader, suddenly became to busy or unavailable to conclude the trade idea as discussed over the phone. This was after many phone calls to me to urge me to place a hedged news trade 10 minutes before the NFP. This was also the same day I had written to my account manager Mike Lane and asked him how I could withdraw my funds as I had cleared all previous bonus levels and needed to close the account. I did discuss this with Amy, Mikes manager as they said they would like to help me, but they just deny any culpability !
I have also been put under pressure to use a credit card and can only say that as I was saying no, my account manager began testing 3 cards of mine with various amounts without my permission and I am not happy about this either! Looking back in hind sight I wish I did more at the time. 1 Bank I definitely rang at the time. The other cannot find a record of my complaint that early. There is a receipt that I needed to sign as UFX claim they need that signed for the banks. On this document I have made the allegation that the cards may have been fraudulently used.

How would you like to respond to this.

I have also been doing research on UFX. Some review links that claim UFX were covered by the NFA seem to have disappeared.
The rot seems to start at the top though. Barclays ex-CEO avoids implicating UK authorities - Tuesday, July 3, 2012 | 12:11 a.m. - Las Vegas Sun

This one says they are covered by the FSA UK, FSC, CySEC.
UFXMarkets | FX Empire's Overview of ufxmarkets.com

This one says NFA
Broker UFXbank - Forex-Tribe.com - Forex

Here is a response from a NFA representative
- Thank you for this information. I was able to find numerous allegations on the web that the firm is claiming to be an NFA Member, however I am unable to view the firm's actual website. Do you have any evidence that the firm itself is claiming to be an NFA Member?

Thank you for your assistance,


akiesling@nfa.futures.org

There has been no further news from them.

Here is the FSA UK related links
Notices / warnings issued by other foreign regulatory authorities

Unauthorised internet banks

FSA fines Barclays £7.7 million for investment advice failings and secures as much as £60 million in redress for customers


Belgium FSA
UFX Bank - website FSMA

A list of all investor alerts - Finansinspektionen

UFX are not regulated in Australia.

 

[wahidsm]

I am also a victim of ufx market. I am surprised they are using LONDON office without fear. We need to STOP them as soon as possible otherwise more people would become VICTIM. I need your help to get my money $5000. My story is similar to every one . They are using same simple method to earn EASY money in MILLIONS.