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UFXmarkets will not give you back your money

Discussion in 'Scam Alerts' started by firas666, Apr 30, 2012.

  1. firas666

    firas666 Recruit

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    I open my account with UFXmarkets two months ago. I got assigned to account manager Kamal Soliman. Upon some serious losses, due to horrible recommendations by Kamal, I decided to withdraw my money (final balance: 2990$). On the platform it says that all withdrawal requests must be submitted to the account manager, so I emailed him asking for my money to be withdrawn to my credit card. He didn't respond. I tried calling him, but the person who answered his extension said he'll call me back. And this has been going on for three weeks now! I have not received one call or email from him. The billing department doesn't answer my calls or emails either. Every other extension I try tells me he will call you back, but he never did.
    Another account manager (his manager supposedly) contacted me and tried to convince me to deposit more money. When I told him I want to withdraw my money he just hung up!
    I don't know what more I could do except file a court case.

    Firas A.
     
    #1 firas666, Apr 30, 2012
    Last edited: Apr 30, 2012
  2. Romeo

    Romeo Sergeant

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    Notify them about this thread. Start a court case here at FPA, so that you can submit all the evidence.
     
  3. forexia

    forexia Private

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    Also, leave them 1 star review in UFXBank/Markets page

    I wonder when this company will finally get the "scam" stamp from FPA.
     
  4. Pharaoh

    Pharaoh Colonel

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    Generally, a full scam finding requires losing a few traders court cases or doing something really wild.

    Based on what I've seen, UFX has been dancing on the edge of getting a scam finding for a long time.
     
    #4 Pharaoh, Apr 30, 2012
    Last edited: Apr 30, 2012
  5. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    I've just sent an email to UFX inviting them to address this issue.
     
  6. Ntama Derick Mathatho

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    I opened the account with UFX Markets, about 3 months ago and made grate loss, I don't blame anyone but my self, so I was thinking of depositing $4000.00 more,looking to forward to invest with them but the information am getting here makes me wonder,I have never tried to withdraw though. thanks for the info.
     
  7. Pharaoh

    Pharaoh Colonel

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    I recommend waiting and seeing if they can resolve some of the complaints here before putting any money with them.
     
  8. Romeo

    Romeo Sergeant

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    When you started trading with them, did they give you some advice on how to trade?
     
  9. forexia

    forexia Private

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    Any updates?
     
  10. Pharaoh

    Pharaoh Colonel

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