Problem Scam - UFX

[ScamXposR]

Glad to hear you recovered a chunk of your funds. Too bad they didn't return all 100%.

 

[mo patel]

hello im based in UK

i opened a personal trading account with 15k usd and did well

after that your sales manager advised i open a corporate account

but he insisted i deposit minimum usd50k

which i did by selling my business that i worked years for

but even after depositing 50k he said my 15k from personal account can not withdraw and keep it has to go to my corporate account

after some bad trades i added further 6k 8k deposits


but the main reason my account was wiped out

as the the minimum contract sizes were huge eg apple 2000 contracts minimum

they set the account so i can only make big trades, huge risk , could not do smaller trades


my personal account was not like this


after all my research even the most professional traders would be wiped out if risk 10-20-% plus on account per trade

so i just had few bad trades and was wiped out tens of thousands


this would not happen if allowed to trade small risks and my own choice of contract sizes

i was asked to hedge my loosing positions which added to further loss

please advise

 

[ScamXposR]

I want to slap the scam Artists at UFX silly. They are beyond evil.

Please, report exactly what happened to your local securities commission.

Also any other authorities you can think of.

Issue a credit card Chargeback if you deposited by card.

You can win your chargeback on the grounds UFX is not regulated to do business in your country.

Sorry you had to learn this hard lesson, ufx is a mega scam, as are all binary options.

 

[mo patel]

I want to slap the scam Artists at UFX silly. They are beyond evil.

Please, report exactly what happened to your local securities commission.

Also any other authorities you can think of.

Issue a credit card Chargeback if you deposited by card.

You can win your chargeback on the grounds UFX is not regulated to do business in your country.

Sorry you had to learn this hard lesson, ufx is a mega scam, as are all binary options.

thx for the info how do i prove they are not regulated in uk?

my bank are asking me to prove this

 

[FxMaster]

thx for the info how do i prove they are not regulated in uk?

my bank are asking me to prove this

One simple question how you guys can take risk with such huge amount?

Now answer of your question is, They are regulated by the Vanuatu Financial Services Commission under licence number 14581.https://www.ufx.com/en-GB/about-us/regulation/ not with any EU.
About Vanuatu: Vanuatu is a South Pacific Ocean nation made up of roughly 80 islands that stretch 1,300 kilometers. The islands offer scuba diving at coral reefs, underwater caverns and wrecks such as the WWII-era troopship SS President Coolidge. Harborside Port Vila, the nation’s capital and economic center, is on the island of Efate. The city is home to the Vanuatu National Museum, which explores the nation’s Melanesian culture. (Source wikipedia)

 

[oscarra]

https://register.fca.org.uk/shpo_searchresultspage?search=UFX&TOKEN=3wq1nht7eg7tr
https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000NMPf4AAH

Check trading/brand names…..usual tricky stuff

However any Bank should know how to check a Financial Register….bunch of Monk's, need their license to be withdrawn

 

[mo patel]

RESOLVED

 

[oscarra]

Evidently, banks also knows to which merchant your funds go, just a question of good will and honesty

 

[FxMaster]

RESOLVED

We always suggest opening a new thread so when you got your funds we can mark that thread as a resolved. This thread can`t be marked as a resolved because you are not a thread starter.

 

[mo patel]

We always suggest opening a new thread so when you got your funds we can mark that thread as a resolved. This thread can`t be marked as a resolved because you are not a thread starter.

not resolved ,

had to put resolved as ufx called me and threatened me to remove thread

said if there legal team get involved i would loose my house so i purt resolved to get them off my back