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UFX Review | Why We Think UFX Is a Scam? A Complete Analysis of Regulatory Truth and Financial Risks

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Summary：UFX (also known as UFX Global / Reliantco Investments Ltd.) has been active in the forex industry for many years and maintains high scores on some third-party ratings websites. However, this reputation hides serious compliance deficiencies and financial risks: regulators in multiple countries have issued warnings, revoked licenses, or confirmed unauthorized operations. User community complaints focus on withdrawal difficulties, disconnected customer service, and false advertising. This article systematically analyzes UFX's regulatory record, historical penalties, and user feedback. Through quantitative ratings, we explain why we believe it exhibits characteristics of a scam and is classified as an extremely high-risk platform.


1. Brand Background and Regulatory Overview

UFX (also known as UFX Global and Reliantco Investments Ltd.) claims to have offices in multiple regions and holds a Vanuatu Financial Services Commission (VFSC) license (number 14581), but lacks the support of top regulators and has a relatively low level of oversight. ( turn0search6 , turn0search12 )

  • The Australian Securities and Investments Commission (ASIC) warns : UFX Global Ltd does not have an AFS license, urging investors to exercise caution. ( turn0search0 )

  • The New Zealand Financial Markets Authority (FMA) warns : UFX's registration and operating information is suspected to be false and misleading, may involve fraud, and is unregulated. ( turn0search4 )

2. Community Feedback and Complaints

  • The Forex Peace Army (FPA) has labeled UFX a "SCAM," with three "guilty" rulings in arbitration, encouraging users to immediately withdraw their funds. There have also been numerous instances of the company itself posting fake reviews. ( turn0search2 )

  • Most users leave 1-star negative reviews on FPA, with difficulties in withdrawing funds and disappearance of customer service being common complaints.

III. Regulatory Status Evolution and Delisting

  • The CySEC license has been voluntarily relinquished in 2023 , indicating an unstable regulatory foundation. ( turn0search6 )

  • It was once warned by the FCA as "unauthorized operation" and users cannot obtain FSCS compensation. ( turn0search8 )

  • Most third-party platforms (such as TradersUnited and BrokerChooser) point out that their lack of top-level regulation is a high risk. ( turn0search10 )

IV. Investor Misleading and Product Packaging Risks

  • UFX emphasizes "multi-regulation", "advanced platform" and "investor protection", but has been rejected by the official Securities and Futures Commission as misleading propaganda.

  • There is low regulatory overlap, a high risk of regulatory revocation or failure, and a lack of protection for investor rights.

5. Quantitative Scoring and Weighting Analysis (0–10)

Dimensions Weight Score illustrate
Regulatory compliance 25% 1 No top-level license; ASIC & FMA have issued warnings; CySEC has delisted.
Fund security 20% 2 There are concentrated complaints about the FPA and staff manipulating website comments, and there are complaints about users' funds being blocked.
Information transparency 10% 3 Initial information was vague, and regulation was claimed but failed to be maintained.
Execution quality 10% 3 There is no public slippage/execution data, and there are many complaints about trading being opaque.
Cost Pricing 5% 4 They claim to have low spreads, but without regulation, the authenticity of the costs cannot be verified.
Sales Compliance 10% 2 There is misleading advertising and exaggerated regulatory practices.
User word of mouth 10% 2 The community evaluation is poor and the review-brushing behavior is serious.
Customer Service and Education 5% 3 Poor customer service response and lack of educational materials.
Sustainability 5% 3 Continuing to operate after delisting demonstrates insufficient compliance capabilities.
Comprehensive score — ≈2.3 Extremely high-risk platform

VI. Conclusion and Risk Warning

UFX received an overall rating of 2.3/10 for the following reasons:

  • Regulators in multiple countries have issued warnings, with licenses revoked and the regulatory foundation unstable;

  • Serious customer service and withdrawal issues, and prominent disputes over users' actual funds;

  • There is a clear bias in information disclosure, and a lack of transparency and ongoing compliance.

**Recommendation:** Stay away from UFX and prefer platforms that are regulated by FCA, ASIC, CySEC, etc. and continue to comply with regulations.

VII. Main References and Clickable Links (All Valid)

UFX Review | Why We Think UFX Is a Scam? A Complete Analysis of Regulatory Truth and Financial Risks


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