UFX at their work

Wizard22

Recruit
Messages
5
Thought would post this for two reasons, first reason to to see if any other guys or girls on here have had the same mail or telephone calls from the above named company. The second being to maybe prevent ones from fallling into these broker traps more inclinded to happen with new traders.
Here is the story had a email about the events with intrest rates in the states today about how the market would preform and that massive wins could be had. ( but big losses could result as well my words). Thousands could be made if you traded the right size and placed a trade at the right time. Durning this converstion I reminded this person on the phone that the markek can only do 3 things these being , Go up Go down or Move sideways and anyone who trades most of ther account at one trade because of some news was playing with fire. and to suggest that I should increase my balance by adding more funds to allow big trades is questionable to say the least. Of course this person suggested that I would be mad not place a large trade today and headed me towards Gold. Seems to be a direction they push people either that or Oil. Infact I never placed one trade today in anything. If we take gold as a suggested trade it did rise by 1.1 % less than it did on the 4/12 before retracting. Somtimes one has to remember that news events have been factored in before the event. To suggest that people were taking the afternoon off to get glued to their screens suggests an attempt to mislead some traders, and to say this will be the biggest movement this year is up to no good in my book. My advice is to treat with caution advice from these so called trainers.
Does the above coments ring true with anyone today just intrested to see how widespread it may have been. I have traded stocks for 20 years and have always keep my trade sizes at .5 to 1%. Just my view.
 

Pharaoh

Colonel
Messages
20,127
If you've got money in UFX, I have only one suggestion - try to withdraw it now. Pushing more deposits and suicidal trading is something that many people have reported.
 

Wizard22

Recruit
Messages
5
Agree Pharaoh I had money and withdrew it so the only money I have is a very small amount which amounts to more or less the Bonus. I have no desire to put any money near UFX the main thust of the post was to see if what was being suggested to me was happening to others that had some form of contact with UFX either now or in the past. They do seem to be a company that attempts to ply pressure to new traders and as your loss is their gain it does put into question their advice, a sure fire way to lose money. It is funny how they still feel the need to contact me when all I use the account is to try things ou,t but in having said that I am up by 25% on what was left , now I am not sure what would happen if I tried to withdraw this it would be intresting to see. The main thing is I am not out of pocket with them I did make money but withdrew it all and only left a small part of the bonus.
 
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