There are many who are wondering whether UFX is a scam or not. With so many online scams popping up all over the internet, the possibility is certainly there.
There are a few things that you must examine before you can reach a plausible conclusion about whether a trading site or platform is a scam or not. Questions to ask include, does the platform work as advertised or claimed, do they make wild, unrealistic promises that are too good to be true, is the platform operating legally and so on. Now let’s try to answer some of these questions about the UFX trading site.
Does the UFX Platform work as Advertised or Claimed?
UFX operates under the slogan, “where trading makes sense.” It is an online trading platform that claims to be a global trading partner, arming you with one of the industry’s most innovative and cutting-edge online trading platforms.” This claim appears to be true as the UFX Forex Trading Platform uses Mass Insights technology where users receive a live stream of market events and aggregated trading events.
One thing to admire about UFX is that they do not make wild, unrealistic claims of the possible earnings of traders. In fact, the platform creators have included the disclaimer that “trading incurs a high level of risk and can result in the loss of all capital.” This level of transparency and honesty is what is needed on every online trading platform.
UFX is also fully regulated and offers a secure trading platform to users. Traders may choose from any of the 3 trading platforms offered – the ParagonEx Web Trader 4, the UFX trading app, and the MetaTrader world renowned trading platform. UFX operates on the philosophy that trading should be simple and easy enough for trading novices to understand.