Brief Look at UFX
UFX entered the market on November 30, 2020, claiming to be a reliable broker that ensures the security of clients' funds and personal data. UFX also attracts traders with high fees on trades. However, there are some concerning points: UFX is registered offshore, and the minimum deposit required is $100, which is higher than many other brokers. The claim that the company's headquarters are in Tel Aviv is false.
UFX’s clients have reported problems with technical support, as responses are either not received or lack necessary information. They often struggle to withdraw funds from their accounts.
Most traders reviewing UFX give it a minimum rating of 1 star. Additionally, UFX has been caught several times trying to post fake reviews about itself.
Because of these issues and warnings from regulators, UFX has been blacklisted as a broker in 2024.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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