UITFX Review | Why UITFX Is a High-Risk Scam Broker

1. Platform Background and Company Information

• Full company name : UITFX Limited

• Official website : www.uitfx.com

• WikiFX page : UITFX Review

• WikiFX Rating : No clear score is available yet, but it is classified as an "unregulated high-risk platform."

• Founded : 2021

• Place of registration : Hong Kong (but without SFC foreign exchange license)

• Regulatory status : Not regulated by any major regulatory body.

UITFX advertises itself as "headquartered in Hong Kong," but the Hong Kong Securities and Futures Commission (SFC) has never approved its foreign exchange (forex)/CFD business. Its so-called "internationally compliant platform" is completely sham.

II. Regulatory Investigation: The Truth Behind Hong Kong's Cover

1. Hong Kong SFC verification

• A search on the official website of the Hong Kong Securities and Futures Commission (SFC) revealed no licensing information for UITFX.

• This means that its registration in Hong Kong is only a company registration and does not qualify as a foreign exchange broker.

2. No other mainstream regulation

• No records of UITFX were found in the FCA, ASIC, NFA, or CySEC databases.

• This shows that it has no compliance status in major global financial markets.

3. Regulatory Conclusions

• UITFX operates under the banner of a "Hong Kong platform," but is actually unregulated and is a typical "fake Hong Kong shell company" scam.

3. Third-party evaluation and word of mouth

👉 Overall judgment: UITFX is a typical high-risk platform that pretends to be international but is actually unregulated .

4. User Complaints and Case Analysis

Case 1: Daily Withdrawal Limit

• Investors reported that the platform stipulates a maximum daily withdrawal of US$500.

• Large amounts of funds were forcibly frozen in batches, making withdrawals extremely difficult.

Case 2: Account Freeze

• Some users were told that they had "violated trading rules" after making profits, and their accounts were frozen and their funds could not be retrieved.

Case 3: Customer Service Lost Contact

• Investors contact customer service when they encounter withdrawal problems.

• The initial response was vague, and then there was no contact at all.

Case 4: High leverage inducement

• UITFX provides 1:1000 leverage account.

• Customer service continued to induce investors to increase their positions, which eventually led to a margin call.

👉 Complaint source:

• WikiFX User Reviews

• FX110 Rights Protection Case

5. UITFX’s Typical Fraudulent Platform Tricks

1. Impersonating a Hong Kong company : leveraging Hong Kong's reputation as a financial center to mislead users.

2. Unregulated : No SFC, no FCA, no ASIC.

3. Withdrawal limit : daily withdrawal amount is limited and withdrawal is delayed.

4. Backstage control : Severe slippage, stop loss triggered early.

5. Customer service lost contact : The customer was blocked directly after the problem was exposed.

6. High leverage trap : inducing investors to increase their positions and cause liquidation.

6. Comparison with Compliant Platforms

7. Investment Fraud Prevention Guide

1. Check the regulation : Verify the authenticity on the official SFC or FCA website .

2. Be wary of “Hong Kong name” : registered in Hong Kong does not mean regulated by the SFC.

3. Avoid high leverage : Platforms with leverage exceeding 1:100 are extremely risky.

4. Small amount test : first make a small deposit and test the withdrawal.

5. Check reputation more often : Check real reviews on WikiFX, FX110, and FPA.

8. Rights Protection Methods

If you have been victimized by UITFX:

• Save evidence : chat records, deposit receipts, transaction screenshots.

• Report the crime to your local police : Financial fraud is a criminal matter.

• Report to the SFC : Report that it is misleading investors under the guise of Hong Kong regulation.

• Exposure on third parties : WikiFX, FX110, FPA.

• Joint rights protection : establish group complaints with other victims.

9. Psychological Analysis

• Illusion of authority : Hong Kong's reputation as a financial center makes investors relax their vigilance.

• Regulation traps : Withdrawal restrictions and illegal clauses make it impossible for users to protect their rights.

• Sunk cost : being trapped after depositing money and being afraid to withdraw.

• Trust misleading : Customer service staff impersonate analysts to induce operations.

• False prosperity : Advertising creates the illusion of a “popular platform”.

10. Final Conclusion and Risk Warning

• UITFX was established in 2021 and registered in Hong Kong, but does not have an SFC foreign exchange license.

• WikiFX and several third parties have labeled it as an unregulated, high-risk platform .

• Complaints focus on withdrawal restrictions, loss of customer service, and backend manipulation.

• Compared with compliant securities firms, the gap is huge.

👉Conclusion : UITFX is a high-risk scam platform .

Investment Warning :
Please stay away from www.uitfx.com , otherwise your funds may be lost.