ufxmarkets problems

[ammarasad]

I came to known about ufxmarkets through one of my friends who started with ufxmarkets with 500$ then they convinced him until his total capital becoming $us 3000,started nice with Mr.ibrahim who increased his money to $us 5000 within 4-5days. I talked to Mr. Ibraheem about the point , what he said that only 10% of your capital will be under risk. I started with $us 3100 in 2 days I was $us 3500 ..........
During the first week my friend was upgraded to vip. and again it was ok during the first few hours. then we got ( ufx death kiss) that was when they asked us to open deals in the pair GBP/NZD, it was simply the wrong direction my friend lost all of his capital, he asked me to be careful.. actualy I was losing so I tried to contact some body but I was alone , and I started to receive red alerts that my account will be collapsed . The only thing that I could do was closing the open deal. I saved $us 1200. The other day Mr. ibraheem phoned me telling off that I supposed to increase my capital , but any way we can do it, let us start again and you will gain back what you lost, he said.
Unfortunately I give him the chance to open new deals (I borrowed that $us3100 I want to got it back ), any way during 2 days my capital was $us 1700 then I got the second kiss by opening several deal in corns with Mr. ibraheem. I was in front of the screen following the market but it was going the wrong direction. That day I tried a lot to contact Mr. ibraheem by emails and via live chat but unfortunately I was again alone and the same story was going on ...... wrong direction , red alerts , no response from acc. manager ..... i was losing ... at the end it was only $us 400 left .. and to save some of my capital I closed the deals. 2 days later MR.ibraheem phoned me saying : I am sorry , but we can do it let us start again. This time I did not accept. I opened some deals myself and my capital increased to $us 600 then i withdrawn my money.
Mr.ibraheem made me loss my funds by his wrong advice, which shows his malpractice or destroying company name ?! and as you are responsible in ufxmarkets asking you to correct the situation or I will continue my way complaining you to Cysec. and depict what happen to all forum in internet.
thanks

 

[Pharaoh]

1. The same guy encouraged you to add more money and was recommending trades, right?

2. Did this account manager recommend the lot sizes you used in trading?

3. Were stoplosses recommended or used?

Can you please reply and attach an MT4 statement. Edit your name off of it before posting if you like.

 

[bicanoo1]

UFXMarkets are nothing but Israeli organised crime. They use English or Arabic or what ever name other than their real name to ensure you can never find them. None of their offices around the world are manned I'm not even sure where they really are but I do know they are not in any of the offices they claim to be calling from because they are ALL 'serviced offices' just with a receptionist and a post box.

I pity people (like me and you) who have lost so much from these leaches. If its any conciliation I lost over $185K with these crooks. It is nothing but a very elaborate and well organised crime company that is essentially unregulated. There parent bank is regulated in Cypress (which is a low tax jurisdiction) and no real government control. So they are smart enough to pay taxes. Cypress Government and Cysec aren't interested in my $185k let alone anything under that.

I challenge anyone to come forward and prove me wrong. I would love to hear from anyone with a positive end-to-end experience with these scam artists. Check out the other threads here relating to these sharlitons.

Believe me I've gone through all the legal and formal channels and no one from the CySec commission or form UFX Markets has ever bothered to even acknowledge my complaint let alone do anything about it.. as for the 'complaints' department at UFX Markets? ..well its one woman band and she is only there to stop these posts where she can.

I even hired a fraud detective from the States and she couldn't get anywhere either.. you money is gone gone gone.. post tons of posts, register on WOT and get their site banned on there (WOT-Web Of Trust. It flags the site as a scam before a user enters. http://www.wot.com

If you have anything left do what ever you can to get it back and then if there's anything left, do research and more research and find a good broker.. We have excellent ones here in Australia which are globally recognized and regulated by all major regulatory commissions. Try Halifax here in Sydney.

 

[ammarasad]

thanks for help
yes same person ask to increase my funds and recommend trade,
yes acc manager he s the one specify lot size
no stop loss at all in his ideas
see the attachment

 

[Pharaoh]

How did you deposit your money?

What country are you in?

 

[ammarasad]

How did you deposit your money?

What country are you in?

helo ,,thanks for giving me attention
i deposited my money via my prepaid credit card..i am living in saudi arabia
please help me to let all discover the reality of them and if there is anyway to refund my capital

 

[Pharaoh]

1. Talk to someone in the fraud department at your credit card issuing bank. It's possible that you may be able to dispute some of the charges if UFX's actions in your case meet the bank's definition of fraud.

2. File a complaint with Cysec. They aren't a very responsive regulator, but every complaint made increases the chances of them taking action. Here's the link:

Cyprus Securities and Exchange Commission

3. Ask your bank and local police if there is some method to file an internet-based financial fraud complaint in Saudi Arabia. If you find out about one, share a link to it here so that your fellow citizens will have an easier time finding it.