Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 400:1 |
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Minimum to Open Live: | $100 |
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Established: | 2007 |
Address: | T19, 1st Floor, Tana Russet Plaza, Kumul Highway, Port Vila, EH2 1JE, Vanuatu |
Contact: | +44 208-150-0778 |
Regional offices: | |
Regulators: | CySEC #127/10, VFSC #14581 |
Prohibited countries: | Unknown |
Trading platforms: | MT5, Trading Central, UFX Mobile App |
Web Trading: | Yes |
Mobile Trading: | Yes |
Currencies: | (45+) |
Cryptocurrencies: | (1) Bitcoin |
CFD: | (460+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities |
EAs/Robots: | Yes |
News Spike Trading: | Yes |
Scalping: | Yes |
Deposit Methods: | VISA, MasterCard, CASHU, Diners Club, ELV (Elektronisches Lastschriftverfahren), Giropay, iDEAL, Local Bank Transfers, Maestro, Neosurf, Neteller, PaySafe Card, Poli, Qiwi, Skrill, SOFORT, UnionPay, WebMoney |
Withdrawal Methods: | Bank Wire, VISA, MasterCard, CASHU, Diners Club, ELV (Elektronisches Lastschriftverfahren), Giropay, iDEAL, Local Bank Transfers, Maestro, Neosurf, Neteller, PaySafe Card, Poli, Skrill, SOFORT, UnionPay, WebMoney |
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Traders Reviews
Amicable settlement reached with Reliantco Investments Ltd. (UFX), 21/07/20
Service use: Live
Length of use: over 1 Year
Jul 21, 2020 - 1 Star I would give UFX negative stars if I could. I was pressured and harassed into depositing in excess of 40,000 GBP over the course of a few years with them - almost half of which was lost by the 1st account manager placing a trade - without my permission - and risking the whole account (they conveniently replaced him after this incident). They would call me at all hours, each time insisting that I needed to trade "right now" or I would miss some "great opportunity". They gave explicit instructions as what to trade and even told me to take out loans and borrow money to keep trading under their "guidance". In the end, all of the money was lost - their "expert advice" and instructions caused all the losses. It turns out that they are not allowed to give instructions or investment advice (and certainly not tell me to take out loans to "finance" investing with them). I filed a formal complaint with them to have them return the money they caused to be lost and got the runaround for months before being told that they "investigated" my complaint. I was told that they "found" that none of their account managers had done anything wrong and that they would not be returning any of my money.
They claimed that they had actually "given" me over 151,050 USD in commissions and bonuses but were never able to provide any evidence. They also somehow claimed that I "came out with very big profits" even though my balance sheet shows a net loss. I replied to every email they sent me with detailed information, correcting their factually incorrect claims. In reply, they just kept claiming that "no wrongdoing" was found. This is despite them having hours and hours of call recordings where their "account managers" can clearly be heard giving me instructions and orders for what to do in direct violation of their own terms and regulation rules.
Stay away from this company and if you have deposited any money with them, withdraw it ASAP!
I was scammed by UFX
Service use: Live
Length of use: 0-3 Months
Sep 16, 2020 - 1 Star I came across this company in November last year on tweeter and I was curious and gave my details. Then I started to receive constant calls by Ben. I was happy to invest £450, however Ben passed me to another so called account manager James. He would call at 7am and telling there is a great opportunity to make money as Briexit is a historical moment for the market and I shouldn’t miss the opportunity. I told him I don’t have the money to invest, he said all investors borrow money to invest and I should borrow, I would make £5-6K a month and I would be able to pay the money back. I agreed and borrowed. I invested and my account went to £30K profits. However in few days lots Everything. He started calling and said that I should borrow more to recover my losses and we will trade in minimum to take less risks. We opened few trade in gold, but they didn’t move for few days. I asked him to close what we had opened and he said no the price is going to go down and you will make a profit and recover, During the night I lost half of my money and closed it at great lost.
He called again at 7am and he said that why did I closed in lost and now we should try on pound and he made me lose everything. He started calling me again and asking me to borrow more to recover, but at this time I refused to listen to him and I told him I am not in a position to borrow more. In total I lost $20k.
If anyone can help how to sue this company and recover I would appreciate your assistance.
UFX - How to report their scams
Length of use: 3-6 Months
Remember to contact your bank within three months loss of your money. Banks have to pay you out
To Do List – UFX Scam Victim
The first thing to do is to make a formal complaint to UFX through its complaints procedure setting out your case.
UFX Customer Support support@ufx.com
It is only after the complaint been exhausted that you can properly move onto other things
Even though you have approached the bank already to apply for a charge back make a formal request in writing to your bank setting out the circumstances and requesting that it refund your account through the charge bank procedure. Make sure that you respond to the bank each time it writes to you in good time because there are strict time limits
Likewise if a card company is involved, do the same thing.
If you used a credit card it may be that your case is covered by insurance so make a claim to them.
File a complaint with the Financial Ombudsman of Cyprus
See attachment
File a complaint with Cysec
https://www.cysec.gov.cy/en-GB/complaints/how-to-complain/ref/
File a complaint with Action Fraud
https://www.actionfraud.police.uk/reporting-fraud-and-cyber-crime
File a complaint with the FBI using the Whistle Blower form
https://complaint.ic3.gov/
File a complaint with the CFTC using their Whistle Blower form
https://forms.cftc.gov/Forms/Whistleblower.aspx
File a complaint with the SEC using their Whistle Blower form
https://www.sec.gov/whistleblower/submit-a-tip
Follow the eConsumer related links, read and complete the forms:
https://www.econsumer.gov/en/Details#crnt
https://www.wikihow.com/Report-International-Fraud
https://ftccomplaintassistant.gov/#crnt&panel1-1
https://www.consumer.ftc.gov/features/feature-0008-getting-your-moneyback
Write a review on Trust Pilot
https://uk.trustpilot.com/review/ufx.com
Write a review on Forex Peace Army
https://www.forexpeacearmy.com/forex-reviews/5004/ufx-forex-brokers
Make a video describing exactly what happened and provide only the truth and honest opinion then post it on You Tube.
Spread the video around to as many people as possible and get as many views, likes, comments and shares as possible.
Take legal action. Do not use a recovery company, over 99% are scammers.
Nov 18, 2020 - 1 Star UFX - Can you really trust UFX?
Before starting my story, I want to say briefly that such companies and institutions destroy people's money in a month or so in a short time, as it is the first experience of all of you, our stories will definitely be similar and at least we can help each other inspired by these stories.
Initially they make you think that you’re winning then you can see that your money disappears suddenly, they switch you to a professional account.
Their intention is to withdraw as much money as possible from your account into their platform, they work by commission
Please come and Watch my videos on YouTube channel you will see how they manipulate to take money out of you, it’s all recorded there is no lie it’s all true voice of theirs. https://youtu.be/UHpejFJ7qG4 and https://youtu.be/fMCEXcPczR4
My advice to you, please share your story with us, I am establishing a platform on this subject and I will add additional links to the links below, we can all help each other by sharing our stories We would warn other people.
There are many more videos about their misrepresentation and I’ll post many more
Jul 30, 2019 - 1 Star THEY ARE LIAR, THEY SCAMMERS THEY ARE THIEVES as I can not describe them any better
I have been scammed by Reliantco Investments Ltd, they are also called UFX
I was contacted by brokers Mr Izzet Kamer, Mr Levent Demir and Arda Polat who encouraged me to open an account with UFX. The brokers contacted me by telephone and email and encouraged me to invest in various financial trading namely gold, petrol and stock exchange. I was assured by brokers that as long as I do what the brokers ask me to do I shall win and that there will be no losses. The brokers reassured that I will make no loss and a win was guaranteed. In reliance on this representation, I entered into a contract with broker. The representation was an express term of the contract. In fact the representation was false and broker was in breach of the contract in that none of the investments made a return.
As a result of the misrepresentation, I have suffered loss and damage. In the circumstances, and they are liable to me for damages for misrepresentation and breach of contract.
I did not have any knowledge or experience in investments and I did outline this to brokers. The brokers encouraged me to open a professional account and told me to not to worry and to rely on their advice. (you had to have two or a year and half years professional experience and €500000.00 in your account in order to trade professionally in European countries as this is the regulation in European Commission)They opened a professional account in their platform without my consent in order to take more and quickly money from me. Again this is illegal. They also confirmed that they will help and provide all the answers to complete the account and that they will complete the account on my behalf. The brokers have clearly been in breach of their role and provided incorrect and false information in order to complete the professional account.
I can inform you that all the telephone conversations were recorded. As these recordings are crucial evidence in this matter proving that financial advice was given by brokers to me. You give them notice that all the telephone recordings should be preserved as evidence. It is clear from the emails I received from brokers and the telephone conversations that brokers have introduced themselves as a authorised person to give financial advice. I was initially encouraged to make small investments. The brokers first made it look like that I was winning and making money. All the money I won was held in the account brokers opened. Further investment advice was given to me by brokers and I was pushed to make big investments which resulted in losses which was never mentioned by any of brokers.
I realised that they are regulated in another European Economic area (EEA) country and as you are aware in order to regulate certain financial activities the brokers should have been
authorised to carry out the said regulated financial activities. Please confirm with them whether their brokers were authorised to give financial investment advice to amateur investors such as me. As a result of the wrongful advice brokers gave, I suffered a loss totalling in the sum of £48,000.00 In sterling pound. I request full refund of This sum.
I reported them Ombudsman, CySec in Cyprus and found a lawyer ready to take them
To court in Cyprus. As well as I reported them
FSA financial services authority and Police here in London. Police in London said will contact police in Limassol
I’ll also be going to Cyprus next week myself
Regarding Reliantco Investments Limted trading as UFX
Service use: Live
Length of use: 6-12 Months
Oct 24, 2019 - 1 Star UFX is good at extracting money from you, good at making you think you're winning trades on CFD's, good at building your confidence and trust and encouraging/persuading you to invest larger sums with them, good at getting you into hedging and... just when you're in way over your head comes the coup de grace - that huge loss suffered from an "unprecedented shift" in the gold or oil market and for the life of me on examination post UFX I couldn't find any such unprecedented shift. The advice of UFX at that time was to trade out of it and invest more money - simples. That pattern is seen time and time again in the numerous complaints littered over the internet. And if you are in credit and want to withdraw your funds at any time, the chances are that you won't be able to. Be wise, stay away from UFX.
Notice regarding Reliantco Investments Ltd t/a UFX
Service use: Live
Length of use: over 1 Year
Nov 29, 2019 - 1 Star £98,000.00 ‘invested’ and lost through oil and gold trades.
No surprises as the modus operandi was the same as most of the other 149 reviews under the UFX Markets reviews section of this site.
If you would like to join a funded Class Action against Reliantco Investments Ltd please contact me in the forums.
Very bad they kerp following you and steel your money
Service use: Live
Length of use: 0-3 Months
Nasib Naser, jad they are liers
Account Manager
+44.208.1500778 Ext: 1351
NasibN@ufx.com
https://sa-fx.com i filed a case against them
UFX - Truffa - Scam
Service use: Live
Length of use: over 1 Year
I confirm that they are scammers. Anna Mancini is a scammer, do not invest in this garbage compant at all
UFX.com I have lost my savings & the profits from trading SCAM
Service use: Live
Length of use: 0-3 Months
But he advised it was better to have a live platform to trade from, and he was quite happy to open an account with a minimum deposit of $400 USD.
So the account was set up,they traded in USD and they would convert my GBP deposit, and any withdrawals would be in GBP back to my Bank.
We started trading on 25/10/2019 and immediately started making money albeit only $3 or $4 per trade then he insisted that I deposit $5000 USD we could then start to make better profits.
On 05/11/2019 I deposited this money then profits moved up from $3 to $100 per trade this carried on & every trade was a winner,one day $500 another day $1003 .
Then on 11/11/2019 he suggested that I add $10,000 so as I could take bigger profits.
This I did and was working well so he suggested that I move more of my savings to their Bank because interest rates were poor in the UK.
Mr Fox would ring me nearly every morning and sometimes several times during the day.
On 21/11/2019 the equivalent of $30,000 was transferred from my Bank he assured me it would give me more equity to work with then again on 27/11/2019 another $25,000 was transferred the aim was to reach the magical figure of $100,000 of equity then I would become a professional trader.
I was getting there but early December 2 trades had gone the wrong way but I was not immediately worried because the expiration date was 18/12/2019 but they were using up some of my equity and this date was looming he said not to worry he could extend the expiration date,this he did onto 31/03/2020 that reassuring me that all is well but I needed to make another deposit on 20/12/2020 to get me to the magical figure of $100,000.
Everything was going nicely until on the 24/01/2020 Michael Fox rang me and apologised for not being able to ring because of being ill, so to make amends he suggested making a larger trade to make amends and take a bigger profit he said to buy 100,000 barrels of crude oil to take $1000 USD profit I was not comfortable doing this but I went along with the trade because the price was very low,he did comment that the price may go down slightly before climbing to take the profit.
But the price continued to fall and because it was a large trade it was using up all my equity Mr Fox rang again insisting that I have to deposit $10,000 USD to keep my trades safe this was taken from my card and I was worried as I had to go out with my family.
I then get another call from Mr Fox saying the price had dropped again & I needed to deposit another $10,000 but this time they could not take it from my card & needed to make a wire transfer but as I wasn't near my Bank I couldn't make this payment my equity was all used used up & my account was emptied.
$146,878.20 STOLEN
Terrible experience
Service use: Live
Length of use: 0-3 Months
Service use: Other
Length of use: over 1 Year
Por dinero se pueden cometer muchas atrocidades, aparte del hecho en si de robar, están los métodos utilizados: llamar con una intensidad (que ni la primera novia), hacerte creer que vas a ganar dinero, ganarse tu simpatia y confianza...y parece ser que a esta gentuza todo le viene bien; incluso saber que te encuentras en un estado de indefensión ya que por aquel entonces me encontraba cuidando a mí madre enfrentándose a sus últimos días en este mundo. Me preguntaba por ella, me contó que el era huérfano de padre y lo mal que lo pasó su madre porque eran muy jóvenes bla bla, bla bla, bla bla....
El caso es que acabó con todos mis ahorros y con un par de créditos de recuerdo, con el agua al cuello...
Me estafó el dinero y como persona, se sirvió de lo más vil para robarme y por supuesto las consecuencias que a día de hoy tengo en cuanto a mi economía y a mis sentimientos.
Por supuesto mi caso es muy parecido a los que describe el resto de usuarios pero con este detalle rastrero que ilustra un poco más a UFX y a uno de sus brokers, Pedro Pons muy amigo por cierto de Marcelo Moscato.
Aunque podría estar horas enunciando mi opinión sobre estas personas de momento lo dejo ahí, no sin dar las gracias a forexpeacearmy por intentar ayudar a personas que no tienen otro tipo de protección y simplemente actúan de buena fe.