UFX Reviews 

188
•
TrustScore 1 out of 5

1.1

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Rated 1 out of 5 stars

So eone should train "juniors" that pressure selling is illegal, the bombardment of phone calls is unreal, i have blocked there number they now call from mobiles or no caller ID this is after i hav... See more

Company replied

Rated 1 out of 5 stars

Avoid at all cost unacceptable experience They do not answer any calls the phone may ring for ever or they could pick and hang up immediately. The app is not secure with unauthorised transactio... See more

Rated 1 out of 5 stars

I signed up yesterday at UFX and they are calling me almost every hour since two days to give me an investment advise or explain me "their" investment strategy. I explained to all the calling agents... See more

Company replied

Rated 1 out of 5 stars

Registered with them then checked reviews and unsavour behaviour. Did not invest after reading about their bad dealings . But one man , cannont mention his name from UFX continually phoned back w... See more

Company details

  1. Finance Broker

Information provided by various external sources

UFX uses a cutting-edge CFD trading platform and tools. With UFX you can trade a huge variety of CFD assets like Currencies, Stocks, Indices, Commodities, and ETFs.


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1.1

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TrustScore 1 out of 5

188 reviews

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1.1

All reviews

(188)

1 review in the last 12 months

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Rated 4 out of 5 stars

chrishart6501atgmaildotcom

This is a good trading platform compared to other brokers I had a bad experience with binary tilt it was hard to get withdrawals I had to hire a recovery firm to get my money back. With UFX nothing like that.

June 13, 2018
Unprompted review
Rated 4 out of 5 stars

I got really annoyed by many phone…

I got really annoyed by many phone calls at the beginning but finally decided to give them a shot. It’s been 3 months now and not planning to stop using theit platform, I just hope they will lower the spreads tiny bit

June 7, 2018
Unprompted review
Rated 5 out of 5 stars

Education 10/10

It is first time for me to trade for real, I hold stocks for many years but never had time to follow prices and learn how to do day trading
I have been called some months ago by one of consultants who explained everything to me and since that time I was receiving calls at least once a week, a lot of emails with informations about some stocks, gold or oil what was very helpful to me. After sometime I decided to invest more and check what actually they can offer to me, I feel stupid not doing that since the beginning. I have very friendly consultant who is helping me to improve and have some sum of money ready to take out every month just by trading twice a week

April 11, 2018
Unprompted review
Rated 4 out of 5 stars

Right lets be honest about UFX

Right lets be honest about UFX

I see a lot of negative reviews on here with some common theames;
1. A lot of calls to activate/ increase account
2. Unprofessional team
3. Access to money

let me relay my experience to each of the above negative review themes, I'll tell you my experience, what went bad for me and the reason why.
1. UFX are not alone when it comes to crazy amount of calls to get you to activate your account. Almost ever platform for trading do this. Yes if you were just having a look and are not really serious about trading this will be frustrating. I can tell you I have about 3 calls per day from other platforms constantly trying to get me to create an account with them, it can be annoying. The reason for this is I was exploring different companies and therefore opened myself up to this. You need to remember this is their job to encourage people to join their company. Hard sells are to be expected as well as other sales strategies.

There will be a lot of times they ask you to increase the funds so you can get this or that. If this is the case youre probably trading with such small amounts you'll eventually fail as its not a serious endeavor for you at this stage. They know this and are trying to help, but they cant justify releasing the time of a 1to1 trainer for an account that isnt making them squat. Think about it would you if in their position??????????

2. I have dealt with several people at UFX some very professional, some a little quirky. What I found is the quirks didnt come out until they got to know me. As the relationship grew the interaction became less formal. I think this is a good thing, you need to be at ease with the person youre dealing with. I dont want to talk to a corporate robot reading off a script when in comes to my money. I want someone who understands me and my goal. I found all of the team very friendly, informative, supportive albeit a bit pushy at times. However, being a salesman myself I understand them being pushy, you have to remember its their job.

3. This is my biggest gripe with UFX, the withdraw system does take a long time, you can top up an account in seconds but it takes days to withdraw. The fastest Ive had my money is 4 days, the longest Ive waited for a withdraw was 7-10 days I think. So, agreed this aspect of the company could be better.

I have used UFX for over 12 months. In the beginning I started with a really small amount and was basically playing in the market. I eventually increased my account to $500 to get a trainer. Ethan Ross, great guy lots of fun and very knowledgeable. The problem was I wanted more money from my trades than a low risk strategy. I had a great time with Ethan's guidance making 10,20 sometimes 50% per trade. Ethan kept warning me my style is risky and I'm exposing too much of my account to the market. But I thought yes I know but I think Ive got this. This went well for a few months and I was withdrawing couple hundred out here and there.
Then all Ethan's warnings came true. I lost the lot, I tried to withstand the movement by topping up the account but that got gobbled up too.
Now, I could get on here and say it was UFX's fault, but the truth is it was mine. I let greed and emotions rule my trades this was the problem.
For some this would be enough to scare them off trading for good.

Well, I've looked at what went wrong and believe it or not I am topping up my account with 20 times what I had before. Why? because this way I can trade with only 30% of my account balance and aim to make only 1% of that 30 on each trade. Low risk, good return, requires minimal market volatility to be successful. USE TAKE PROFIT and STOP LOSS and dont get excited when the money comes in.

UFX are a good platform, the problem is probably you, listen to them, do your research and ask them the right questions and you wont be dissapointed I'm sure .

March 30, 2018
Unprompted review
Rated 4 out of 5 stars

good experience

good experience - fast withdrawals - coaching (they promised german speaker but he called only for 2 calls and then i have english) - trading signals from the application on iphone - spreads not the best

March 26, 2018
Unprompted review
Rated 5 out of 5 stars

Investing for long time

Investing for long time, UFX is one of my brokers and I'm being very happy with their service. Best customer support from all platforms that I use, good recommendation

March 23, 2018
Unprompted review
Rated 1 out of 5 stars

Be wary!

Downloaded the app and got a call from an agent within a few minutes so explained I was on the train and couldn't discuss things right now. He just persisted in asking questions and I kept telling him it wasn't convenient. After several minutes I put the phone down and then he tried again sequentially for about 10 mins until I blocked the number. A few hours later another one tried so I explained I wasn't interested in help at present as I just wanted to try the demo version and get a feel for it (I've used
several other platforms). The next day, the same calls but now from a private number. Its too "hard sell" and that's usually means its going to cost you lots you didn't need to pay. My intuition tells me not to use or recommend these guys. Also, they're not Uk based so no FCA protection.

March 21, 2018
Rated 1 out of 5 stars

Don t use UFX - Avoid

Don t use UFX. They called me every day pestering me to up my initial deposit from $350 to $500.
Everyone I said no and not to call me again or offer me free training i didn't want.
Also, despite telling me I had 3 months to hold my positions they closed my positions after 1 month without giving me any notice and lost me over $100 which is 33% of my money.
They still call now and even argue with me when i tell them that I've told them to stop calling.
Avoid.

March 13, 2018
Unprompted review

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