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

[khinfoh]

fake signals ... loss 1.5kusd oredi & cannot withdraw my balance 1.5kusd

this ufxbank or ufxmarkets keeps calling me for margin call to top up money by charging my credit card, three times charged 2.5kusd, after that keeps calling me to coach me on trading education but actually guided me to place order position with their wrong signal, five times wrong signal and i lose all my profits plus 1.5kusd capital money, balance is 2.4kusd++ but they said 1kusd is bonus cannot use and refused to answer my request for withdrawal / terminate account, everytime they call will ask for top up or so call @teach@ me how to trade but set up loss money positions, this is scamming, BIG scammer, any regulatory body , please do something about it !!!???

 

[RahmanSL]

"...BIG scammer, any regulatory body , please do something about it !!!???"

Only "regulatory body" that comes to mind who might be able to "do something" are the Mafia, ex-KGB, Triads, Yakuza and some independent "contractors".

My two bits is for you to pester them for immediate and total withdrawal before you loss all your deposit....which, as you described it, you will.

Good luck!

 

[fxsellers]

Hello to all
We are a marketing company, fxsellers.com, working since 2006. As a responsbile company we are required by our law to report any Scam/Fraud to Third parties/Forums/Blogs to save others from scammers and fraud companies / affiliates.

UFX BANK Affiliate program (.ufxpartners.com) is a fraud. These people does not pay to marketing companies. So be aware of them. They might pay you for 1 or 2 traders in first month, but when you send a good traffic and you earn some good commission they will never pay.
We are talking screenshots of affiliate account, and their denying commission correspondence very soon.

Good luck to all our marketing family.
Fxsellers

 

[athenafx]

UFX bank : They keep the word bank in their name but they are not a bank and they are not allowed to do that.

They are well known as scammers.

1/ So they are guilty because they don't pay commissions

2/ YOU are guilty as a forex Pro because you recommend such scammers.

You should send a letter to all your customers then apologize then help them to get out of this mess.

 

[salim3mar]

UFX are professional thieves - WARNING !

Here is how UFX operates

1- they ask you to deposit a very small amount (nothing wrong with that)
2- they assign a PERSONAL MANAGER to manage your small amount and ensure you do well (nothing wrong with that)
3- they manager works hard to get you to deposit more and more - focus is on deposit more versus build account
4- they keep you doing well more or less until they are sure you will deposit no longer then they go for the kill ... they maximize risks andn make you loose all in one ...

I'm convinced that their scam is an elaborate one .. prevent withdrawal, keep luring in, go for the kill !

 

[salim3mar]

I want to share the scam that I was subjected to by UFX. I want ot make sure that they are shut down and brought to justice. These thieves are worse than highway robbers. They are an outfit in Isreal that prey on the rest of the world. If you are in get out (if you can). If you are not in avoid at all cost. If you have been defruaded like me pls share your experience with others and lets see if we can jointly shut them down and bring to the ineterpole.

 

[Pharaoh]

Can you share some more info on this?

 

[salim3mar]

The only purpose of UFX is to steal, lie, decieve - they are highway robbers plain and simple

They hire a bunch of criminals for a short time to lie and decive clients to deposit money and then devise ways to make them loose in one trade ... they will do on phone or any other way ... they are patient though. 100% sure they will be in some jail soon. the challenge is to get out as they do not refund money ... in summary

- an israeli gang - with arab israelis to decieve arab customers
- the address in the Uk does not exist - sw14 2RR ..
- i tracked some members / ex members of this gang ... they are ex casino / so they are equiped to deal with customer phsycology to deposit more and lose more ...

 

[salim3mar]

How the scam works

1- they assign a manager to you regardless of the amount u have. the job of the swindler is to lie to you as much as possible to increase your deposit.
2- the manager help a bit in managing the account to turn some profit but by adding and adding more funds to gain ur trust
3- the manager then puts you in a hole with one big trade and keeps convincing you that you need to widen the stop loss to avoid loosing until the trade looses 10 times its possible gain initially
4- once u wise up to the missrepresentation they start the big time lying and deception and that starts when they see u not using the manager and turning in profits with small risks /...
5- the manager got me while i was driving ) ... he started with one trade then said it did not go through then started rushing me into another instrument that i never traded and he said that it is a small risk ... it turns out that the amount he took was so huge that the spread was as big as my total account almost ... so total account wiped in probably 3 seconds
6- then no answer on phone ... his manager says ooo it is a big risk ... essentially they stop answering ...
7- conclusion - they are thieves - the job of the manager is two folds - firstly to try to convince u to deposit as much as possible and then to find a way to make u loose it ... eventually i got to know that the manager got promoted ... these guys are thieves, scammers and criminals ...

Now i have researched them a lot more (too late for me) it turns out that they have done it to many many other victims ...

 

[Pharaoh]

Someone called you while you were driving and placed trades into your account?

Unless you personally have selected an independent (not working for the broker) account manager and signed an LPOA, you should have told them to not touch your account and that you would place your own trades.

A trade large enough where the spread could wipe you out should never have been placed. If this really happened, it's time to contact the police and your bank to ask about how to file internet-based financial fraud charges.