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Problem UFX Scam

I am having an issue with a company
I also faced the same ordeal. When i was trying to get out and withdraw my $47k, the account manager told me that it is not good and he may not be able to get my money back. He pretended to be a good trader, opened some positions and I profited on it. Then after one day, he asked me to open three positions again with no stop loss. I initially put their a stop loss then he called me back and told me not to put stop loss and I should trust him. When I saw that it is losing I asked him that Im ending the trade and I was told not to because it will bounce back and I should just trust him. But it never happened and didnt recover. When my account was about to trade out, he told me to put additional money. I panicked then added more. But I still lost with a total of $75k. I lost all the money that I have. I just dont know if there is a way for me to recover. Is there anyone there who could help me?
 
lately i have been reading a lot of complaint about people pressured to deposit and execute losing trades by account managers,i wonder is it legal to pursue a company for your loss if you clicked buy or sell voluntary by yourself even if you did that based on their advice?
 
If they are recommending trades, that may require them to register as financial advisors in some countries. Check your own country's financial regulators.
 
Yes I am agree. I have been scammed too of $3200 lost my account but then I made a complaint to CySec and then they refunded me. Please make complaint to CySec.
 
Zakirussen said:
Yes I am agree. I have been scammed too of $3200 lost my account but then I made a complaint to CySec and then they refunded me. Please make complaint to CySec.
Click to expand...

A complaint to Cysec is a good idea but lately UFX is shifting almost all its activity to Belize.
 
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