I invested money with UFX Markets at the end of January and got an account manager Anthony Williams, he said he was going to advise me and help me make good profits. He started with small trades with a take profit of a $100 or $ 200 but with no stop loss which I should of noticed that something was not right. A few of the trades hit the take profit but the trades that did not hit the take profit made my account go into a bad state.
Then Anthony Williams phoned me again and pressurized me into depositing more funds into my account to secure my account and said he had great trades that only come once every few years and we can make a nice profits with these trades. So I deposited more funds into the account but the trades that Anthony Wiiliams provided for me that got my account into trouble, I was told to keep open they will turn and come into my favor.
Again a few of the trades he provided for me hit the trade profit so my account balance looked good but the open trades were doing really bad but Anthony Kept on advising me that they will turn in my favor. The cycle repeated it's self again and to save my account I was dumb enough to do it again then I got upgraded to a VIP account and got a new account manager Daniel Sillars.
Daniel kept on trying to get me to invest funds before he did any trades and said he didn't want to take risks so we needed a healthy safety margin but I kept telling him I can't invest anymore funds. He had the usual lines stating that their was trading conditions only seen once every few years and he could make me nice profits. Then suddenly one morning he phoned me with trades that crashed my account a few days later.
I then tried to withdrew the measly amount that was left after my account was wiped out, which i was then phoned and told that i can not withdraw the money, i told Daniel Sillars that I was going to take steps against UFX because they deliberately crashed my account and i want a senior manager to phone me.
John Andrews then phoned me and it was his task to try resolve this issue apparently but after long negotiations UFX offered me a measly amount and education from John Andrews to drop this matter or as they would put it for customer satisfaction purposes which i declined and informed him I will not be leaving this. During our conversations he also mentioned that all their trades have had accounts crash, seems to be a pre requisite to work for UFX.
Where do I go from here? I have informed my credit card company about what happened and I am waiting to hear back from them.
After doing more research I have read that apparently UFX Bank/Markets have been caught hiring companies to use Black hat SEO techniques to post fake reviews about UFX as well as receive a $100 000 fine from Cysec for an undisclosed reason and see they now registered in Belize which makes you wonder.
