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UFXBank — Forex Broker

UFXBank:

Company: UFXBank
On-line since: 2009
Country of origin: United Kingdom
Regulation: Unregulated
Payment options: PayPal, Moneybookers, WebMoney, Neteller, Western Union, credit cards and wire transfer
Minimum account size: $100
Minimum lot size: 0.05 lot
Leverage: 1:200
Spreads: 2-4 pips on EUR/USD
Rating:
5.2/10 with 32 votes

Rate broker — UFXBank:
Categories: PayPal Forex brokers
Forex brokers with web platform
Oil trading brokers
Gold trading brokers
WebMoney Forex brokers
Moneybookers Forex brokers
Opinions: See UFXBank reviews.

Advantages:

  • Browser-based trading platform

Disadvantages:

  • Demo account only after speaking with the manager
  • Browser-based trading platform
  • Relatively high spreads

Click here to open an account with UFXBank


Reviews:

4 reviews of UFXBank are presented here. All reviews represent only their author's opinion which is not necessarily based on the real facts.


David Bell from England07/22/2010

I have used UFX for nearly a year and have never had any withdrawal issues

I have never found them to be anything other than fair

recommended


Fatai from UK01/12/2010

I funded my ufxbank acct in November 2009 and I was given 50% deposit bonus as their offer with condition of trading minimum 5,000,000 USD volume.

As at 23/12/2009 I have traded 18,939.557 USD volume(nearly 4 times the required volume).I applied to withdraw my money and my profit but it was refused and they were claiming I have not traded up-to the required Volume.I contested this,which the Ufxbank risk manager(Mr Vincent) admittedly and reply saying they can not process the withdrawal until after new year holiday because of the festive activities.He(Mr Vincent) also apologise and promise to even credit my account equity with 10% of the equity.I told him that the 10% or offer is not important because i need my Money urgent.

On 4/01/2010 I made a withdrawal request and I sent a copy to their finance dept,my ufxbank acct mananger(Ms Amy Walsh) but no respond whatsoever and I did not recieve my fund either.I followed it up with a reminder email on 7/01/2010,no reponse too as well.I have call them several times only for them to either tell me I should contact the finance dept,the finance will direct me to acct manager and that one will direct me to risk dept, or they will give excuse that the finance dept has closed or the acct manager is in a meeting.

I have all my transaction records and conversation records with this broker and its staffs. My questions are do this broker actually exist?? How to charge possibly ghost staffs?? A company with forward mail address?? Also please is it possible to get actual adress of this company from the ''LONDON REGISTERED OFFICE ADDRESS''??

I would not hesitate to contact FSA,NFA,

metropolitan police and National Fraud Authority.

I want other traders/investors to learn from my mistake and do extensive research before opening account with any broker.Please i welcome all suggestion on how I could redeem my fund...cheers

My ufxbank username is gbenga


feras32 from forex05/26/2009

Forex has many advantages, including easy-to-use trading platform and a very sophisticated analysis and recommendations of analysts in the currency market and the trading service for investors over the 24-hour


haider from IRAQ05/26/2009

company UFXBank ther is good sarvis and enjoyable the work with him



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