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.
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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September 16th, 2010 at 2:08 pm
My savings have been dwindling down since the economy started falling. I needed another way to earn money, as my current job doesn’t pay enough. I was suspicious at first using UFXBank. I tried it out anyway and came away very impressed. At first, my questions wasnt answered properly by their representatives. Then I realized that I needed to lern more about how the scheme actually works. Once I figured out what to do, I deposited 2000 dollars with them. I have now earned 780 dollars from my investment. I think this is a company to deal with. To be honest, i was thinking of switching to another company until profits came rolling in. Ive been trading with them for a year now. If you are interested in earning more than what youre bank provides, then you should try out this online forex broker.
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Robbie Strankay Reply:
February 9th, 2012 at 8:17 pm
Have you been able to withdraw any money from UFXBank? Unless you have taken out more than $2000 dollar out of the account you have earned nothing so far! I have not been able to take out any money at all despite the fact that they say I have $24,822 USD available to take out and I have completed the Bonus program. I need to contact the account manager to take out money, but account manager has not contacted me at all for 3 months to tell me why I cannot access any money! You will probably not be able to take any of the money you deposit back out again no matter how much profit you make because that is how the scheme actually works. If you do loose money on a trade, how do you know the trade is not a fake trade any they are keeping the money from your account? If any one knows how to get money back e-mail me back at Dakin8@mail.com!
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