Is Ufina Capital Legit or Scam?
Ufina Capital is definitely a scam. While their website might appear convincing and offer seemingly attractive trading conditions, they are not regulated by any reputable financial authority. This raises major red flags and poses a significant risk to any potential investor.
Company Overview
Regulated by: | Unregulated Scam Broker |
Is This Company Safe? | No |
Known Websites: | |
Have Warnings from: | FCA |
Registered in: | UK (allegedly) |
Operating since: | 2023-08-30 |
Trading Platforms: | MT5 |
Maximum Leverage: | 1:300 |
Minimum Deposit: | 250 USD |
Welcome Bonus: | 5%-20% |
Trading Assets: | Forex, Indices, Stocks, Cryptocurrencies |
Free Demo Account: | Unavailable |
How to Withdraw from This Company? | Since this company is unlikely to return your money – contact your bank or financial regulator, or simply reach out to us for professional assistance in recovering your funds. |
Services or Products
Ufina Capital claims to offer forex, indices, stock, and cryptocurrency trading. However, due to their unregulated nature, the legitimacy of these services cannot be verified.
If you have lost money to companies like Hankotrade Fund, or XLTRADE Fund; please report it to us on our report a scam form
Trading Platform & Leverages
They claim to offer the MetaTrader 5 platform, but its legitimacy is questionable, and they lack a demo account for verification. Additionally, they offer high leverage (up to 1:300) exceeding legal limits in many regions and significantly amplifying potential losses.
Spreads and Cost of Trading
Ufina Capital only vaguely describes spreads as “floating” without disclosing actual values, making it difficult to assess their trading costs. They also offer bonuses with high minimum trading volume requirements, making them unattractive and potentially manipulative.
License and Regulations
Ufina Capital is not regulated by any reputable financial authority. This means:
- Your funds are not protected: In case of any dispute or platform closure, recovering your money is highly unlikely.
- No regulatory oversight: The platform operates without any external control, increasing the risk of fraudulent activities.
Legal Warning Against Ufina Capital
The UK’s Financial Conduct Authority (FCA) has specifically warned against Ufina Capital, highlighting its unauthorized operation and the lack of protection for investors.
Deposit and Withdrawal Methods
Ufina Capital accepts deposits via credit/debit cards, wire transfers, and cryptocurrencies. While chargebacks might be possible with credit cards within specific timeframes, recovering funds through wires and crypto is extremely challenging.
Ufina Capital Pros and Cons
Pros | Cons |
None Identified | Unregulated platform |
| Â | Blacklisted by FCA |
| Â | High-risk leverage |
| Â | Unclear spreads and fees |
| Â | Potentially misleading bonuses |
| Â | Difficulty withdrawing funds |
Why Dealing With An Unlicensed Broker Is Risky
Unlicensed brokers like Ufina Capital pose numerous risks, including:
- Loss of funds: Due to the lack of regulations, your money is not protected, and recovering it in case of a scam is highly improbable.
- Manipulation: Unregulated platforms can manipulate markets and trading conditions to benefit themselves at your expense.
- Fraudulent activities: Without regulatory oversight, such platforms are more susceptible to engaging in fraudulent activities like stealing funds or manipulating trades.
- Limited recourse: If you encounter issues, you will have limited legal recourse due to the lack of regulatory bodies overseeing their operations.
Client Feedback
Reviews from users indicate that many have struggled to withdraw funds from Ufina Capital, further solidifying concerns about their legitimacy.
How Can “Reviewsadvice” Help You If You Get Scammed?
While we cannot guarantee recovering lost funds, we can offer the following assistance:
- Provide information: We offer educational resources to help you understand the risks of scams and how to avoid them in the future.
- Guide you through the process: If you’ve been scammed, we can guide you through the appropriate channels to report the incident and potentially recover your funds. However, success cannot be guaranteed or You Can report to us today by the below form.
File A Complaint Against Scammers
Final Thought
Ufina Capital is demonstrably a scam. Their lack of regulation, misleading information, and difficulty with withdrawals are all red flags. Do not invest with them and avoid any interactions with this platform. If you’ve already been affected, seek professional assistance and report the incident to the relevant authorities. Remember, it’s always better to be cautious and verify the legitimacy of a platform before investing your hard-earned money.
