UFT Group Review: In the review below, we take an in-depth look at the features uftgroup.vip allegedly offers. This review answers the questions: is uftgroup legit? Is uftgroup reliable? The review covers aspects of its licensing, its account types, its leverages, its withdrawal, and deposit methods. Read through our review to see what we and other experts have to say about the UFTgroup.
Table of Contents
UFT Groups Trading Platform
Although the website looks professional and well-designed, it feels empty as necessary information isn’t provided. At first glance, we discover that this broker support neither the MT4 nor the MT5 trading platform.
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UFT Groups Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea of how a broker might work.
After thoroughly checking, we discovered that this broker has six accounts.
UFT Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The payment section states that clients can fund an account are via Credit card.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. They do this to stop traders from making a withdrawal.
Is UFT Group Licensed?
Licensing is one important part of our reviews. This is because we can trust a regulated broker to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it regulates them.
So determining if they licensed this broker, we had to check several regulatory bodies. We checked the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy, and many others. At the end of our search, we didn’t find any licensing information concerning this broker.
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Accounts
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, they do not impress us with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with uftgroup.vip as they don’t give any information concerning if they are a regulated broker.
Uftgroup.vip is likely a platform run by scammers. Trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading options.
I’ve been working with this company for months and it seemed a trustful company. Always in contact, always nice, making you believe that your reaching incredible profits, giving you a false sense of trust, only to make you believe your money is safe with them. They would leave you withdraw the supposed profits, only to make you trust them and putting more money.
My account manager persuaded me to make an investment that was promised to be safe and profitable in order to obtain a €15,000 bonus from Coinbase. Mr.Stan Jacob, as he claims to name, created a complex narrative about the bankruptcy of the Silicon Valley banks and their need to sell their bitcoins for liquidity. Despite my initial resistance, he convinced me to make a deposit of €30,000 with the promise that it would be possible to get it back within 48 hours. 48h after, I message him asking for a call to help me withdraw my money, he then puts me in a call with a third person, claiming is the representative of Coinbase, and this person says that the rules for obtaining the bonus changed from February to March and now its a minimun of 50000€ deposit to obtain the bonus, and therefore the money and the bonus are blocked and will be unblocked when I complete the total amount, depositing more 20000€.
But finally I get it back with the help of mr nickjover4 at gm ,com and he guide me on step to take with the recovery company