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UFX Review
UFX was a Cyprus based forex and CFD broker run by Reliantco Investments Ltd. CySEC withdrew its trading license in October 2024, and UFX is now fully closed.
Min Deposit
N/A
Spreads From
Not applicable, no verified live trading service exists
Max Leverage
Not applicable, no verified live trading service exists
Platforms
MetaTrader 4, ParagonEX WebTrader
Pros
- UFX once held a genuine CySEC license, number 127/10, issued in 2010
- The 2017 fine and the 2024 license exit are both fully documented by CySEC
- It operated openly under one brand for well over a decade before closing
- It once passported into the UK too, so a real FCA register record exists
Cons
- CySEC withdrew Reliantco Investments' trading license on 30 October 2024
- CySEC fined Reliantco 95,000 euros in 2017 for unfair sales and support practices
- UFX stopped serving UK clients back in June 2020, per an FCA notice
- The firm quietly stopped taking any new customers worldwide from 2018
- The old ufx.com domain is now just a parked page with no live broker
- No working UFX website or support channel exists to contact today
UFX was a retail forex and CFD brand that began in 2007. Reliantco Investments Ltd, registered in Limassol, Cyprus, ran the brand and held Cyprus Investment Firm license 127/10 from CySEC starting in 2010. UFX later marketed itself across Europe, Asia, and Latin America.
CySEC fined Reliantco 95,000 euros in December 2017 over unfair account manager conduct, misleading adverts, and weak client suitability checks. UFX quietly stopped taking new clients worldwide during 2018 and stopped serving UK clients on 11 June 2020, under a joint FCA and CySEC notice. Early in 2023, it blocked all new account openings everywhere.
CySEC made the closure official on 30 October 2024, when its board withdrew Reliantco's license after six straight months with no investment activity. The old ufx.com domain is now just a parked page. Do not send money to any site still using the UFX name today.
Max Leverage
Not applicable, no verified live trading service exists
Spreads From
Not applicable, no verified live trading service exists
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
