UFX.com Review

1.338 · 154 REVIEWS



Reliantco Investments Ltd

Updated: Sep 17, 2020 · Visit site  · Is this your company?

UFX is a forex broker. UFX offers the Mobile and MT5 trading currency top platforms. UFX.com offers over 45 forex currency pairs, stocks, gold, silver, oil and bitcoin for your personal investment and trading options.



November 2012:  There are now 3 guilty verdicts against this company in the FPA Traders Court.  The FPA recommends against dealing with this company.

The FPA now considers UFX Markets to be a scam.  This company is hereby blacklisted by the Forex Peace Army.  We recommend against opening accounts there.  If you have an account there, we recommend withdrawing all of your funds immediately.


WARNING 2: UFX Bank claimed that they hired a black hat SEO company to do search engine optimization.  They blamed that company for leaving the fake reviews.  The FPA wonders what sort of broker would hire an organization like that and then allow a black hat organization to have direct access company servers.  The FPA wonders just how safe client data would be under those circumstances.

WARNING: This company has repeatedly submitted fake positive reviews for itself from their offices in Israel. They have now decided to leave fake customer testimonials in the FPA's forums. The FPA recommends the highest level of caution dealing with this company.

Click here to read more about UFX's fake reviews and forums posts.

Other websites related to this company include UFX.com, UFXBank.com, and UBinary.com

 Need more info?
Read and Ask HERE.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $100
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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1.338 · 154 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

London, United Kingdom,
Sep 16, 2020,
Registered user

Scamed by this company

Service use: Live

Length of use: 0-3 Months

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.
Horndean, United Kingdom,
Aug 18, 2020,
Registered user

Regarding Reliantco Investments Limted trading as UFX

Service use: Live

Length of use: 6-12 Months

I withdraw the comment and complaint that I made on 24th October 2019 and all complaints I have made against Reliantco Investments Limited, trading as UFX. I confirm htat my complaints have been satisfactorily resolved and I shall not be repeating them.

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.
Warrington, United Kingdom,
Aug 18, 2020,
Registered user

Notice regarding Reliantco Investments Ltd t/a UFX

Service use: Live

Length of use: over 1 Year

I withdraw the comments and complaints that I made on 29 Nov 2019 and all complaints I have made against Reliantco Investments Limited, trading as UFX. I confirm that my complaints have been satisfactorily resolved and I shall not be repeating them.

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.
  1 trader has found this review helpful
Surrey, United Kingdom,
Jul 21, 2020,
Registered user

I would give UFX negative stars if I could AVOID AT ALL COSTS!!!!

Service use: Live

Length of use: over 1 Year

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!
Uae, United Arab Emirates,
Mar 19, 2020,
Registered user

Very bad they kerp following you and steel your money

Service use: Live

Length of use: 0-3 Months

Ufx is scam, please aware from
Nasib Naser, jad they are liers

Account Manager
+44.208.1500778 Ext: 1351

https://sa-fx.com i filed a case against them
Venezia, Italy,
Feb 28, 2020,
Registered user

UFX - Truffa - Scam

Service use: Live

Length of use: over 1 Year

confermo che sono dei truffatori, Anna Mancini è una truffatrice non investite assolutamente con questi rifiuti

I confirm that they are scammers. Anna Mancini is a scammer, do not invest in this garbage compant at all
Northallerton, United Kingdom,
Feb 6, 2020,
Registered user

UFX.com I have lost my savings & the profits from trading SCAM

Service use: Live

Length of use: 0-3 Months

After responding to an advert on Facebook I was then contacted by Mr Michael Fox from UFX.com I wanted to set up a automatic system with a minimum deposit.
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
  3 traders have found this review helpful
London, United Kingdom,
Jan 28, 2020,
Registered user

Terrible experience

Service use: Live

Length of use: 0-3 Months

They lost my money usd 40,000.00 in 2 months with their tips and the money goes to them as a profit. You should go court theystarted to scare and offering you. Be careful don’t use this company. They speak withy you like a family and then started to take all your money etc.
  4 traders have found this review helpful
Farawaniya city Kuwait, Kuwait,
Oct 1, 2019,
Registered user

I have been scammed by UFX broker company under reliantco investment Ltd

Service use: Live

Length of use: 0-3 Months

The story started at21 aug 2019. I saw this ad on Facebook,I signed in just to see what it was all about but then did nothing further.then,so many calls from Jad Jabreen,UFX employee who convinced me to open an account on UFX.then Ghinwa Kasem another employee in UFX called and told me not to worry about losing my money in UFX and I told her I know nothing on forex but she told me they will assist me and will assign an account manager named Amir Hassan and he will do everything instead of you to win money.They swore that deals will be done at very low risk.they did not train me at all and did offer to train me .they made me to deposit an initial $6600 USD and Amir did for me some deals which showed profits just to trust them and he did an initial withdrawals for $25 usd to trust them more.but when I tried to withdraw my money because I read that UFX is a scam they refused and did many call to convince me that this is not true and a senior Employee named Fakher Barakat called me and swore that this is not true and that their competitors are doing this rumors.he convinced me to transfer $60000 to them through the Caj Capital account in commercial bank of Dubai and for 3 days he did a profit of 10 thousand USD $ by doing many deals in one day.then he did a very big and bad deals on oil and NZD/FCH although I told him that it is risky and he assured me and said,don’t worry we are safe.then suddenly my account showed profit loss and he put my account into Hedge . I didn’t even know what that even meant and asked him and he told me that next week you will make $60000usd and just we need to find right exit points blar blast blaa . Now they will stole my money and will need more money .
They now insist on new deposit to steal more money.
They intended to do this hedge to threaten me if I didn’t deposit new money,my account will collapse.
  2 traders have found this review helpful
Madrid, Spain,
Oct 1, 2019,
Registered user

NIce broker

Service use: Live

Length of use: over 1 Year

After investing in various platforms for 10 years, I consider that ufx is one of the great players in the market both technically and functionally.

It is one of the few brokers that i can trade with a 1: 400 leverage . I value very positively the own technologies that this broker has as massinsight that offers live information on the current market situation.

They have the Metatrader 5 platform and an agreement with Trading Central through which you can receive signals and technical analysis from diferent markets.
  3 traders have found this review helpful