Is The UFX Trading Platform a Scam?

The UFX markets, presently known as UFX, are trading platforms that are available across the world through the web. The company offers numerous trading options for its customers. The basis of the trading platform was laid on the idea of helping both novice and experienced traders to earn some profits from the foreign exchange markets. The organization’s trading platform has offered to trade in more than 40 currencies across the world, commodities, and index pairs. The organization was known and appreciated for its professional outlook. It introduced the revolutionary ParagonEx trading platform which was internet based and required no downloads. The platform was fast and efficient, and it enabled traders to switch between trading options.

The Account Options

The forex trading platform was unique in its approach, and while other trading platforms offered several basic account options, UFX had six account options. The account options offered by UFX were designed to suit the demands of all kinds of traders, from beginners to experts at all levels. The four main types of account offered by them included Mini, Standard, Advanced, and Islamic account. The Islamic account was created to cater to the Muslim investors and it offered an interest-free trading option to its investors. The different types of account had fixed spreads and offered a range of financial options for trading.

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Some of the offerings unique to the trading platform

The trading platform was incorporated in 2007, and didn’t ask for any personal information related to current accounts or proof of address for registration. The trader could get themselves registered instantly, without any hassle of initial paperwork. The organization allowed ease of use by offering complete instructions to its investors on a single screen. The traders got the option of transferring money through credit cards, wire transfers, or by CashU. Although the withdrawal time was slightly longer, ranging from 48 hours to 5 days, based on the method opted for withdrawal.

The organization offers it investor’ two platforms for trading. The first being ParagonEx web trading platform and the second one was the MetaTrader 4 which is a well-known forex trading software used by trading platforms. The ParagonEx offered its users a Single Asset Page option, which delivered all information pertaining to a particular asset. The home platform even used Mass Insight’s technology that is placed on the ride side of the screen to display an extensive live streaming of market activities and the trading pattern by investors.  The MetaTrader 4, on the other hand, is known for its elaborate back testing, advanced charting package, technical signals, and expert inputs.

Many traders might be wondering if UFX is a trustworthy platform or is UFX scam. The platform is backed with excellent customer care that has helped new joiners become traders. The support answers all queries pertaining to trading via e-mail, live chat, or a phone call and is available 24×7 to resolve queries. The brokerage charged is even reasonable enough for these kinds of services. Finally, the organization now considered scam owing to its numerous payment issues and the high initial deposit was not a bad bet for enjoying some quick trading.

1 comment

  1. Zoe Ball
    Reply

    I have been with UFX for the past 3 months and it’s been good so far. Apart from A few Good Profits i’m still in Training and hope to get better profits in the future, I have successfully withdrawn my profits twice with no problems at all which cant be said for my previous Brokers

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