UFX – what we know and have as facts about it; UFX is a trading name of Reliantco Investments Limited, which is authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license number 127/10. In addition, UFX is owned by UFX Global Limited, which is authorized and regulated by the VFSC under register number 14581. These licenses allow it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Terms and Conditions file that Reliantco Investments Limited shall act as an agent and not as a principal on the client’s behalf (reception and transmission of orders). Therefore, the company transfers all risk to its liquidity providers using the Straight Through Processing or STP. This means that there is no conflict of interest between the parties. However, we found some disturbing facts about UFX Global Limited. There are warnings by several authorities about possible scam actions. The Australian Securities and Investment Commission (ASIC) gives a warning that this company could be involved in scam practices such as unsolicited calls and sending emails about investing, financial advice, credit, or loans. In addition, the Financial Markets Authority of New Zealand also has issued a warning against UFX underlining that UFX Global Limited could be involved in a scam.
We also found that there are some posts in the forums about submitting multiple fake positive reviews, using fraudulent practices to pressure customers to deposit more and more, withdrawal issues, and fraudulent practices of deliberately wrong advice.
So far, we have not received any complaints from customers of UFX. If you have any criticism to share with us or feel annoyed by UFX, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and UFX if you wish.