IF you want to judge the services of any working business, one can judge from their vigilance of the customer support they provide for the users. UFX provides 24 hours customer support to its users and due to the great customer support; it gets overwhelming responses from the users. The platform provides support in different ways that we will discuss here briefly. The negative balance of protection has proved a life-saver for the new traders. Just like other platforms, UFX has also offered the facility of the negative balance of protection to save its users from getting into debt. This feature works in a way that when the traders are at a great loss, it automatically activates the stop loss, and a sell order is executed to save the funds from getting into the negative.
It offers a broad variety of brokerage services geared towards sophisticated active traders, investors, professionals, and institutions. Smaller account holders may be disappointed by higher account minimums, a variety of fees, and fewer customer support options. Tiered accounts offer lower trading costs and added benefits as equity grows, but the majority of retail traders will have a tough time reaching the higher customer tiers. As one of the major U.K.-based forex brokers, LCG offers a wide range of asset classes and a seamless trading experience. The firm’s fees are competitive within the industry and it ranks high on our list for customer service. With these positive attributes along with its apparent focus on functional simplicity, LCG is well-suited to beginning traders.
The broker is very good
Please contact us at so that we can try and assist you with your complaint. One day, for oil price there were more than 40 pips difference f between them and other companies. limefx courses scam When I asked them about this event they gave me a vague answer. Moreover, I found out that they delay in their opening hours on Sunday night to manipulate with the prices..
It also has a great variety of products through an in house trading platform and MetaTrader5. Following our review, we can confirm that UFX is a legit online trading broker with an excellent reputation and experience. Yet, we must inform you that there is a moderate difference between online brokers and automated crypto trading robots. UFX offers a wide range of assets available for trading, including Cryptocurrency CFDs and Single-Stocks. They also have a big choice of accounts to choose from, although the minimum deposit requirements are slightly high.
Trading or investing in cryptocurrencies carries with it potential risks. UFX MassInsights Technology gathers trading insights from real active traders all over the world. MassInsights Technology shows you how other traders are trading and how many are buying or selling a specific asset. When people try the financial markets, they always tend to pick aside. They have to choose from Bearish or bullish, hawkish or dovish, short or long. The word scam stands for fraudulent or deceptive acts or operations.
UFX trading bonuses
The company obtained authorization from the Cyprus Securities and Exchange Commission in 2011 under its Cyprus entity, Reliantco LimeFxs Limited, which uses UFX as its trading name. Even if we try to offer the most up-to-date data, we can’t completely ensure the accuracy and validity of the materials. One time they tried to asked me to send another money to recover my loss then they take it all. Annoyed by many phone calls at the beginning but finally I give it a shot. Identifying a good broker will not be complete without checking the testimonials. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email.
- Account registration is straightforward, with little documentation required.
- While it might seem a little steep, the fact is that access to such powerful information can significantly improve your results.
- Traders have to continue and proceed to the next step of verifying the account by clicking the link sent to the email address.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. In fact, UFX claims on its website that 71% of individual investor accounts lose money when trading CFDs with UFX. However, some European market regulators report that 90% of traders who invest in FOREX and CFD markets lose their LimeFxs.
UFX has a long history of scam complaints at Forex Peace Army. Most traders leaving UFX reviews give this broker the lowest 1 star rating. Additionally, lime fx UFX tried to leave fake reviews for itself at least 6 times. Forex Peace Army believes UFX is a scam broker and warns traders not to trust it.
Is it safe to trade with iForex?
Yes, iForex is a legit platform described in reviews and the website. The client opts for an automated trading experience with complete safety and regulation.
I withdraw the comment and complaint that I made on 24th October 2019 and all complaints I have made against Reliantco LimeFxs Limited, trading as UFX. I confirm htat my complaints have been satisfactorily resolved and I shall not be repeating them. Initially they make you think that you’re winning then you can see that your money disappears suddenly, they switch you to a professional account. They will not allow me to withdraw my earnings without ANOTHER $50k fee. Convincing trades that “You really need to take one or mre sure to be profitable trades” before withdrawing and then the trades wipe out the account is the famous UFX Kiss of Death.
The broker is regulated by Vanuatu’s VFSC and adheres to high business standards. First, a daily market and financial research section and a financial calendar that displays a prediction of all the upcoming events are available on the brokers website. UFX provides numerous account options to its customers for registering an account. The account requirements of each account differ from one another. After successfully uploading the documents mentioned above, the UFX compliance team cross verifies all necessary documents submitted for review.
They also help in the withdrawal process, wherein clients can encash their earnings conveniently. The platform has integrated several gateways to process the payments, including bank transfer or wire transfer, credit cards, and debit cards. Like other brokers, it also supports online payment gateways such as Skrill, ELV, Neteller, giropay, SOFORT, iDEAL, China UnionPay, Neosurf, CashU, WebMoney, Qiwi, Paysafecard, and POLi. The broker also provides information about the reliability of each of these payment services.
Yet compared to other providers, such as Plus 500, the company still has a lot to improve on to make it a top-rated income generator, including crypto trading and the suite of analysis tools. All the trading brokers that offer trading implement certain criteria of trading that users have to follow in return for the services they get from the platforms. Trading conditions come with security, deposits, withdrawals, and spreads. You can start with a free demo account or even with a small minimum deposit of only $ 100. Investopedia is dedicated to providing traders and investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting thousands of data points that we weighed into our star scoring system.
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It provides live streams of market events and traders’ behavior. Besides that, general asset data, charting, news and calendar are the features that any other platform has. If you check any UFX review, you will find negative comments about trading on their web trader.
Before deciding to trade Forex or any other financial instrument, you should carefully consider your LimeFx objectives, level of experience, and risk appetite. While somewhat disappointing, educational materials are available practically everywhere online. On the other hand, proprietary technology like MassInsights is far more difficult to find. It’s also worth far more to beginner and veteran traders alike than just educational materials. Access to Trading Central means that you will receive vital market information that has been gathered and analyzed by leading financial specialists.
Is UFX regulated?
UFX is regulated by CySEC and is fully compliant with the EU-MiFID Directive and ESMA standards: Our European Customer Support Centre operates according to German standards, and is regulated by BaFin, the German Financial Supervisory Authority (license number 80164620).
Nearly every trader on the planet owns a smartphone, but that doesn’t mean that every mobile trading app offers the same forex trading capabilities. A wide range of mobile trading apps are available across the globe – some of which are developed in-house by online brokers, while some are developed by third-party developers. There are no distinctly unique features at UFX besides the MassInsights service which was previously mentioned. This service may be useful for some traders, specifically those who are relatively new to trading.
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However, these features came only after the minimum deposit of $5,000 or more. This broker also offers its proprietary MassInsights Technology, which helps traders in the non-competitive trading conditions. All trades brokered by the company are reported https://limefx.name/ and regulated under the EU directives. The company is a verified financial service provider, having executed over 2.8 million unique trades every year since 2018. The secure trading environment of UFX is also supported by its reliable customer service.
Therefore, in the unlikely event that the broker becomes insolvent, your funds cannot be used to cover any outstanding debts the broker might have. The firm offers two licensed trading applications, which is also available on mobile devices. UFX has also received positive ratings from prominent accounting firm PricewaterhouseCoopers .
What is UFX trading?
UFX.com is a leading online broker that provides trading services in currencies, commodities, indices and CFDs. www.ufx.com https://tw. Since it was founded in 2007, UFX has grown into a leader in the Online Trading industry.