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UT Forex

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Operating status: SCAM

Website: https://www.ut-forex.com/

Broker violations and abnormal records
  • 2023-12-27 BrokersView has Reviewed that UT Forex is an Unregulated Broker

    UT Forex claims to be established in Japan named Ueda Totan Forex Co., Ltd. We searched the Japan Financial Services Agency (FSA) but found no matching results.

    The truth is that UT Forex is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.

    UT Forex is a scam.

    UT Forex claims to be established in Japan named Ueda Totan Forex Co., Ltd. We searched the Japan Financial Services Agency (FSA) but found no matching results.The truth is that UT Forex is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.UT Forex is a scam.

Related Complaints

Q&A

Can I transfer my fund to another card on UT Forex? Not the one I used to deposit.

Hafidh Withington
Martinique
2024-01-07
ANSWER We strongly advise you to cease all further dealings with UT Forex, as it is an unlicensed forex broker.UT Forex purports to be a forex brokerage firm operating in Japan's foreign exchange market. However, our research into this company suggested that it is not regulated by the Financial Services Agency (Japan FSA), rendering its offerings unlawful.In the absence of regulatory supervision, their credibility claims cannot be verified and they could vanish without warning. It is risky and potentially harmful to entrust UT Forex with your funds and personal information, as it could lead to financial loss and identity theft. For a safer trading experience, we strongly advise investors to avoid unlicensed brokers like UT Forex and instead opt for fully regulated ones with established reputations.
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