Expert review of UFT Group broker: feedback on cooperation
Research on UFT Group Company
Many scammers lurk online, posing as financial consultants. They employ various deception strategies, often relying on old yet proven tactics. One such scheme is represented by the UFT Group company.
Public Information
Upon investigating information online, it was discovered that UFT Group is an offshore company. There is no data on the company’s license or owners, but it is claimed that their management structure is named “Tech Marketing” LLC with an address in City of Sofia, Bulgaria.
- South Bank Tower, 55 Upper Ground, South Bank, London SE1 9EY, Great Britain
- Victoria Target Ltd, 198429, PGlobal Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles
The South Bank Tower business center in London, at the provided address, has no association with UFT or Victoria Target. The second address is located in the Seychelles and belongs to another company specializing in marketing.
Website Description
The UFT Group website is typical of fraudulent schemes – standard design, promises, and colorful phrases. It is presented in Russian, English, and German languages but has layout issues. The site looks presentable but is full of “fluff” without specific details.
There is mention of a deposit starting from $250 and a maximum trading account of up to $100,000, named “Unmatched level of service.” Mobile applications for App Store and Google Play are offered, but they are fake.
Contact Information and Operating Scheme
The company provides various locations, including addresses in Cyprus and Azerbaijan. The business center in Limassol is known for virtual offices. Cooperation terms include hidden clauses and disclaimer of responsibility for risks.
Conclusion
UFT Group is an old company utilizing established fraudulent methods. Negative reviews attest to funds being drained from clients. Registering implies agreement to terms, including capital loss. It is advisable to avoid any dealings with UFT Group, recognizing that clients are deprived of capital withdrawal opportunities.
I am deeply disappointed by my experience with UFT Group broker. The service was utterly unsatisfactory, from start to finish. Communication was abysmal and vague, with constantly delayed responses. The trading platform they offer has limited features compared to what I’ve used in the past with other brokers. I also discovered a lot of hidden fees which were not clarified at the outset. Moreover, the trading conditions were nowhere near as profitable as the firm asserted they would be, leading to unimpressive financial results. There was also a lack of transparency and limited range of trading assets. Overall, my experience was terribly frustrating and not beneficial at all. I would certainly not recommend UFT Group broker to others; their service is fraught with inconsistency and intransparency.