Out of business
Updated: Jul 22, 2022•
UBCFX is a forex broker. UBC FX offers the Web Trader, Station and Mobile forex trading platform. UBCFX.com offers over 10 forex currency pairs, indices, cfds, commodities, stocks, gold, silver, bitcoin and other cryptocurrencies for your personal investment and trading options.
Website is down. Company seems to be out of business.
Out of business
Hawke's bay, New Zealand,
Nov 17, 2019,
Scammed out of $100000 NZD by UBCFX
Service use: Live Length of use: over 1 Year
I joined UBCFX thinking I had found a legitimate forex broker. I was assigned an account manager 'John' who became a friend on Whats app over the next few months. I was supposed to receive education and to get trading advice. I first deposited $500US, there were a further few deposits that took me to $100000NZD. the firm said they would credit me up to $100000USD which entitled me to Johns services as a trader, putting trades on for me. The account looked successful then after a few months I asked about a withdrawal...not really possible. Their then followed a number of strange positions resulting in the account getting a negative profit of $88k USD. There were never any stop losses placed and all positions had a buy and sell, one always at a higher loss than its partner. I was given a new account manager, Sebastian Banks, who has since disappeared from whatsapp and my account positions were erased. Fortunately I took phots of my account when full. This firm has scammed me. Initial investigations confirm the scam.
Derby, United Kingdom,
Mar 23, 2019,
Waste of time and effort
Ubcfx have wasted a full year of hard work. As my account cant open or close trades neither can login to withdraw any fund. Don't reply to emails. A complete waste of time