Many friends who are new to the foreign exchange market report that it is difficult to find a reliable platform, and most of them are not able to withdraw their profits. They are being cheated by black platforms and making money and running away. The road to foreign exchange investment is bumpy. FxGecko's top 100 foreign exchange platforms on the Haitou ranking for selection. If you are not in the top 100, you should pay special attention to the main white label relationship and risk warnings of the platform.
Today, an investor asked Xiaobian about the UFX platform, wondering if the supervision of the UFX platform is safe and if the funds can be guaranteed.
According to FxGecko's query, this platform is called UFX, which was established in 2007 and ranks 6379th in the world with a safety score of 30. The platform claims to have a UK FCA foreign exchange license and a Cyprus CySEC STP license. According to the latest query results, the regulatory license of this platform has been revoked and currently does not have the regulatory qualification for foreign exchange trading. The fund security is not guaranteed and there are 28 risk scanning alerts
The supervision of the UFX platform can be summarized as follows:
1. The regulatory information of this platform has been withdrawn by the regulatory authority, and it is impossible to judge its regulatory security.
2. The platform may be a smaller or newer foreign exchange dealer, and regulatory information is less mentioned.
3. There may be some negative information on the platform.
It is recommended to further inquire about the regulatory qualifications, customer reviews, and other information of the platform to fully understand its security and make investment decisions cautiously. If sufficient information is still not available, it may be advisable to consider choosing other foreign exchange trading platforms with higher reputation and safer regulation.
FxGecko comprehensive review: The official website of Youhui is currently unavailable, and there are many complaints about not being able to withdraw funds, which is a serious issue and no longer suitable for retail investors.
The financial market is full of good and bad, and there are investment risks. We should investigate the platform before investing. To prevent lightning and fraud, we should first go to FxGecko.
