Professional SCAM UGreenFx: customer experience reviews

Broker UGreenFx announces on its website that it consists of a group of qualified and experienced professionals. With experience in trade, finance and business, he created an excellent service. The activities of ugreenfx.com are described as reliable and transparent, and the goals are the most noble. With self-presentation, everything is clear, but can we describe the company in exactly the same words after conducting our own review?

Basic data

A brief description of the UGreenFx broker can be presented in the form of a table:

The website of UGreenFx does not contain a specific date of its establishment, but it appears that the broker received its first award in 2015. But the Whois domain check service has different information:

In reality, the office has existed for almost a couple of years. These awards of financial “experts” could not be found at all. Every word on ugreenfx.com is a lie.

Terms of trade

UGreenFX claims to help traders trade stocks, currencies, and indices. For convenience, 4 tariffs are offered with already defined conditions:

• Standard – deposit from $1000, basic support, regular spreads;
• Silver – $5,000 deposit, better support, low spreads;
• Gold – deposit from $10,000, personalized support, very low spreads;
• Diamond – deposit from $50,000, VIP gifts, personal training.

Ugreenfx.com withdrawal

According to the company’s website, the payment methods available are: VISA, MasterCard, Maestro, bank transfer, Mir, Yandex Money, and QIWI Wallet.
In the “Payment” section, you can see that the minimum deposit when replenishing the investor’s balance is $500. And in the description of account types, the figure is $1,000. Such a disagreement once again proves that the company is fictitious and you should not trust your money to these scammers.
The minimum withdrawal amount for credit cards is 200 USD/EUR, for bank transfers it is 500 USD/EUR.

UGreenFx broker documentation

No matter how we tried to find a brokerage license from UGreenFx, everything was in vain. Although, judging by what we learned about the office earlier, we should not be surprised. These are illegal immigrants who have nothing to do with stock trading.
The “terms and conditions” of the fake broker contain a lot of interesting information. For example, according to the rules of UGreenFx, an account that has not been traded for 2 months is considered “inactive”, and in order to reactivate it, the client will have to provide identification documents again.
In the same document, you can find clauses stating that in order to withdraw funds, the client must meet the trading volume requirement, which is to make a transaction in the amount of 1 lot for every $25 of trade credit granted. This definitely creates more pressure on the investor. A legal Forex intermediary never offers trading credits or “bonuses” of this kind.

UGreenFx trading terminal

UGreenFX offers its clients to use the MetaTrader4 trading platform. Indeed, it is considered one of the best trading platforms and a favorite for the vast majority of investors. Despite the fact that the hero of our review provides a quality environment for work, he still has a huge number of shortcomings. And lack of regulation is the biggest of them.

Conclusions

It seems that the mere fact of the absence of a brokerage license should be enough to understand that ugreenfx.com are scammers. The list of “evidence” also includes strange clauses in the Terms and Conditions, a huge minimum deposit of $1,000, depositing funds to a balance of $500 or more, and lies about the term of work. This office should be forgotten forever!