UFX Trading

  • Have you been Scammed?
    Follow this advisory from National Crime Prevention Council (NCPC) or call ScamShield Helpline 1799. More info
B

Butterflyhigh

Junior Member
Joined
Oct 24, 2016
Messages
34
Reaction score
0
Anyone out there have an account with UFX? Any reviews? Is it a scam? I wanted to deposit some money for trading but I'm afraid if there's a risk of losing the money.
 
S

Shiny Things

Supremacy Member
Joined
Dec 13, 2009
Messages
9,588
Reaction score
828
Butterflyhigh said:
Anyone out there have an account with UFX? Any reviews? Is it a scam? I wanted to deposit some money for trading but I'm afraid if there's a risk of losing the money.
Click to expand...

Never, ever, ever, ever give your money to some random FX broker that's not registered in Singapore. UFX seems to be regulated in the UK, but I can't be 100% sure.

Either use a Singaporean-regulated broker, so that you have some sort of recourse if they fall over in a heap or run off with your cash; or use Interactive Brokers and trade futures. There's no reason to start looking at the weird and wonderful world of lightly-regulated FX brokers in weird jurisdictions like Cyprus or Mauritius or Panama.
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top