UFXONE

UFXONE is a platform that offers a variety of financial products and was established on April 11, 2023, operating out of London. Although the platform claims to provide a rich array of trading tools and tiered account services, its corporate background and regulatory information remain opaque. It has been listed on the Cyprus Securities and Exchange Commission (CySEC) warning list. Therefore, traders should carefully assess the risks and legality of UFXONE before considering its use. The official website of UFXONE is: https://ufxone.com/

Corporate Background of UFXONE:

The domain for the UFXONE platform was registered on April 11, 2023. The operating address provided on the official website is 44A Churchton Street, London, England SW1V 2LP. We could not find any registration information for this company on the UK government's official website. The corporate background is unclear.

Regulatory Information of UFXONE:

UFXONE has not disclosed its company name or any regulatory information for user verification. Furthermore, the platform has been providing financial services illegally and has been issued a warning by the Cyprus Securities and Exchange Commission (CySEC). Stay away!

UFXONE Account Registration Process:

1. Visit Website: Go to the UFXONE official website and find the “Register” button or link.
2. Fill Out Registration Form: Enter your personal details such as your name, email address, and phone number, and create a password for your account.
3. Verify Identity and Address: Submit identification and address verification documents, including a copy of your passport or driver's license, and a utility bill or bank statement.
4. Choose Account Type: Select an account type based on your trading experience and budget. Different accounts have varying minimum deposit requirements and features.
5. Deposit Funds: Deposit funds via bank transfer, credit card, or electronic wallets.
6. Start Trading: Once your funds are deposited and verification is complete, you can start exploring the UFXONE trading platform and begin trading.

UFXONE Account Types:

UFXONE offers a tiered membership system, including four types of accounts: Basic Member, Gold Member, Gold+ Premium Member, and Gold+ Extra Member. Each tier unlocks more benefits and features as the initial deposit amount increases.

Basic Member

• Minimum Deposit Amount: $200
• Features: Access to all basic trading tools, daily market updates, basic spreads, and mobile trading
• Benefits: Debt protection and use of basic indicators and leverage up to 1:400
• Limitations: No exclusive account representative, one-on-one meetings, advanced research access, or special trading conditions

Gold Member

• Minimum Deposit Amount: $5,000
• Features: Includes all basic member features
• Benefits: Unlocks exclusive account representative and advanced research materials, tighter spreads, 1:400 leverage, limited daily trading suggestions, and alerts

Gold+ Premium Member

• Minimum Deposit Amount: $20,000
• Features: Includes all Gold Member features
• Benefits: Adjustable leverage, special trading conditions, unlimited daily trading suggestions, and alerts, VIP access to webinars, and a 75% bonus on the initial deposit

Gold+ Extra Member

• Minimum Deposit Amount: $50,000
• Features: Includes all Gold+ Premium Member features
• Benefits: Unlimited access to promotional events and a 75% deposit bonus

Common Benefits

All UFXONE account types offer the following benefits:

• Islamic Accounts without Swap Fees
• 24/7 Customer Support
• 50% Margin Call
• 20% Stop Loss
• Scalping Trading Capability
• Access to over 1,000 Tradable Instruments

With this tiered membership system, UFXONE ensures that it meets the needs of different traders, providing the tools and support necessary for success in the financial markets.

UFXONE Trading Platform:

UFXONE Terminal is a web-based trading platform designed for active traders. It features a user-friendly interface and offers over 50 charting tools and 100 indicators for in-depth analysis. The platform is built using HTML5, prioritizing speed, reliability, and security, and employs advanced encryption to safeguard user information.

UFXONE Trading Products:

1. Commodities: Tradable contracts representing physical goods such as agricultural products (corn, wheat, sugar) or metals (gold, silver, copper).
2. Cryptocurrencies: Digital assets encrypted using cryptographic methods, tradable on decentralized networks. UFXONE offers trading for major cryptocurrencies including Bitcoin, Ethereum, and Litecoin.
3. Currencies: Involves foreign exchange trading such as EUR, USD, GBP, etc. Certain currency pairs have specific leverage restrictions.
4. Indices: A basket of stocks representing a segment of the stock market. UFXONE offers trading on popular indices such as the S&P 500, FTSE 100, and Nikkei 225.

For each product category, UFXONE provides information on minimum spreads, margin requirements, minimum trading volume, and maximum exposure, with certain leverage limits for currency pairs.

What Are UFXONE's Spreads, Leverage, and Commissions?

Leverage:

• UFXONE offers leverage up to 1:1000, meaning for every $1 deposited, you can control assets worth up to $1000. Leverage can amplify both profits and losses, so use it cautiously.

Spreads:

• A spread is the difference between the buy and sell price of an asset and varies by asset. For example:
  • The minimum spread for EUR/USD is 1.1 pips
  • The minimum spread for Bitcoin is 67.59 pips

Commissions:

• UFXONE does not clearly state commission fees on its website.

What Are UFXONE's Deposit and Withdrawal Methods?

Traders can fund their UFXONE trading accounts through the following methods:

• Credit or Debit Cards: Visa and Mastercard
• Bank Transfer: Directly transfer from your bank account
• E-Wallets: G Pay and ecoPayz

These options offer flexibility and convenience to meet the needs of different users.

UFXONE Customer Support:

Email:

• support@ufxone.com
• compliance@ufxone.com
• finance@ufxone.com
• complaints@ufxone.com
• dealing@ufxone.com

Phone:

• +447537121731
• +35722007164

Conclusion:

Although UFXONE offers a wide range of trading products and flexible deposit and withdrawal methods, its lack of transparent corporate background and regulatory information requires traders to exercise great caution. Ensuring the legality and safety of the platform is crucial when choosing a trading platform. For those considering using UFXONE, it is recommended to conduct thorough research and make a well-informed decision to ensure the safety of their funds and trading activities. UFXONE is displayed as "Suspected Fraud" on TraderKnows.