No Demo Web-Based Platform from UFXBank
UFXBank was added to the Forex broker list on my site today. It’s U.K./Cyprus Forex broker with a custom web-based trading platform, which supports some basic charting. The main problem with this broker is that they don’t offer any demo accounts and the new traders should deposit at least $500 to try trading through their platform. Other features of UFXBank:
- 4 pips spreads on EUR/USD
- 1:200 leverage
- Gold trading
- Electronic payments: WebMoney, Moneybookers and PayPal
If you have any questions or comments regarding UFXBank broker, please, feel free to reply below.
Tags: gold, Moneybookers, PayPal, web-based, WebMoney
May 20th, 2009 at 8:15 am
Hello,
The info you have submitted is incorrect. the latest policy in UFXBank is as follows
1. Demo account are allowed after speaking with a trading manager
2. EURUSD is 2 pip spread in the standard account type
If you need any more info i will be happy to sumbit it.
EarnForex is a respected site and we do want the info about our company to be accurate.
Thanks
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May 20th, 2009 at 8:40 am
> 1. Demo account are allowed after speaking with a trading manager
Yeah, but can traders actually trade with virtual money on those demo accounts?
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May 20th, 2009 at 12:31 pm
Of course they can.
Try it and you will see.
You can request a demo account with 10K in it. Our managers will be happy to give you one. also in a few days you will be able to do so without a trading manager directly from the website.
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October 12th, 2009 at 1:15 pm
they are a scam.after 1 month after withdraw request,they REFUND ONLY the initial deposit,no profit 1500usd and no bonus,after I made a complaint to NFA and a shreholder,GREGG repcinziscky retreat from company,the Chicago adress disapeared from ufxbank.com site,and not last,NFA have cancel the authorisation
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October 17th, 2009 at 9:57 am
well David, thousands of other traders will tell you that you are simply trying to make your loses feel better. UFXBank in known for a fast and reliable withdraw procedure. as it looks, you got a bonus and tried to withdraw it without trading – that is a very poor thing to do.
when you get a bonus from any Forex company – you are expected to trade enough and pay spreads – how ells do you think they can profit as well ?
I know for sure that UFX pays withdrawal in enormous amounts and that they are NFA regulated, they are a part of a very big holding company that holds an NFA regulated company and a non regulated company.
I just checked the NFA website and sow it my self – they have the regulation.
it is a shame that traders like you actually have a place to write nonsense like that but I guess that’s a part of the world we live in.
I recommend UFX for trading and for the most loyal customer service I had till now with any broker.
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Andrei Reply:
October 17th, 2009 at 6:58 pm
Thomas, why haven’t you mentioned that you working for UFXBank
? Maybe David have done something wrong, but talking about the company, with which you are directly affiliated, as “they” is something beyond the regular for me…
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January 18th, 2010 at 10:48 pm
Totally shocking. I had a similar experience. They would not even repay my USD 5000 deposit within 20 days. DO NOT USE UFXBANK!
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January 25th, 2010 at 9:56 pm
I had a problem using the site and requested a refund. All my e-mail’s go ignored and it seems like nobody is interested in processing it despite the fact that it took less than 5 minutes to withdraw from my account.
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