Magical Forex Review Is This Forex Trading System Safe Or Scam

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Magical Forex Review: Is This Forex Trading System Safe Or Scam?

Magical Forex Review: This is a Forex trading system created by a man who calls himself Alex Buzby. He claims be a Forex trader and author of the popular e book ‘My Personal Adventures in Trading Seminars’ and over the years of trading he has learnt the tricks of the trade and the pitfalls to avoid that account of over 90% of traders losing money.

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What You Should Know About Magical Forex by Alex Buzby:

Magical Forex is supposedly a Forex trading system you can use to make money even if you have little cash to invest and no trading experience. Alex Buzby assures the public of a win rate of 60 to 65% after purchasing the trading product for $97. According to the information on the website, the benefit of buying this magical Forex product is that it teaches traders how to enjoy consistent returns using easy to follow techniques. It also teaches tricks to spot which currency pair is ideal for investing on long before other traders can spot the opportunity. Other benefits includes:

  • How to get good spreads and where to get them
  • How to trade with zero risk (impossible)
  • How to become highly efficient and profitable Forex trading machine (sales gimmick)
  • Two exponential moving averages that dictate what a market will do next

However,there are not enough information on the site on how the trading system actually works. All there is to see are promotional materials and promises. They do not give an explanation of their trading methodology, so we do not know what type of experience they have trading the Forex market place

Conclusion Of Magical Forex Review:

Inasmuch as this Forex trading system has similar tactics with other trading system (exit strategies) and has two additional bonuses which it claims to be valued at $99.98, We think this is a strategy to make people buy their product without giving a second thought. Though We can’t say if Magical Forex is a scam or not, the mystery surrounding jt and the owner’s anonymity is a Red-flag. The author has a long way to go in terms of transparency. We advise you to stay away from Magical Forex till the author clarifies the product by filling the sales page with enough content and not mere promotional jargon.

BormanCorp Review: is Bormancorp.com a Scam or Legit Broker?

BormanCorp Review: Scam or Legit Broker? Bormancorp.com is a forex and cfd cryptocurrency broker that offers trading in a huge range of assets spanning commodities, indices, stocks, currency pairs and cryptocurrencies. They have their address at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 and they are owned and operated by Board LTD.

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BORMANCORP TRADING PLATFORM

This broker uses the MT4 trading platform for CFD, Cryptocurrency and Forex trading.

DEPOSIT AND WITHDRAWAL METHODS

The available methods are Bank Wire Transfer, MasterCard, Skrill, WebMoney, Neteller, Giropay, Sofort Banking, Paysafecard. The minimum deposit is $250

Is BORMANCORP LICENSED?

NO! Borman Corp broker is not licensed. Therefore, no regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.

SUPPORT

This broker offers support to its traders, they could be reached through phone calls or emails, whichever you prefer.

CONCLUSION

BormanCorp is an unregulated broker, this is a source of major concern. When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.

To recover your money from Scam Forex, Binary Options and Cryptocurrency brokerage or signals. Fill the form below to get help

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe. They accept traders worldwide.. visit their official website

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Hi All I am a current client of Bormancorp (BMC) and I am here to tell my story of investing with Bormancorp, whether you choose to invest or not that surely remains your decision. My journey began I guess around September when I was looking into options to invest in autotrading options after my prior experience of trading by myself with a different organization was too stressful for me and I could not mix it with my 9 to 5 job. I explored a couple of online options, got several options including Bormancorp, I even closed the window to invest … Read more »

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UFX.com Review Visit site

SCAM CONFIRMATION


November 2020: There are now 3 guilty verdicts against this company in the FPA Traders Court. The FPA recommends against dealing with this company.

The FPA now considers UFX Markets to be a scam. This company is hereby blacklisted by the Forex Peace Army. We recommend against opening accounts there. If you have an account there, we recommend withdrawing all of your funds immediately.

SCAM CONFIRMATION

WARNING 2: UFX Bank claimed that they hired a black hat SEO company to do search engine optimization. They blamed that company for leaving the fake reviews. The FPA wonders what sort of broker would hire an organization like that and then allow a black hat organization to have direct access company servers. The FPA wonders just how safe client data would be under those circumstances.

Other websites related to this company include UFX.com, UFXBank.com, and UBinary.com

Need more info?
Read and Ask HERE .

About UFX.com

UFX is a forex broker. UFX offers the Mobile and MT5 trading currency top platforms. UFX.com offers over 45 forex currency pairs, stocks, gold, silver, oil and bitcoin for your personal investment and trading options.

  • Information
  • Live Discussion
  • Video
  • 3 Widgets
  • More .

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $100
Established: 2007
Address: T19, 1st Floor, Tana Russet Plaza, Kumul Highway, Port Vila, EH2 1JE, Vanuatu
Contact: +44 208-150-0778
Regional offices:
Regulators: CySEC #127/10, VFSC #14581
Prohibited countries: Unknown

Yes

Yes

Trading platforms: MT5, Trading Central, UFX Mobile App
Web Trading:
Mobile Trading:
Currencies: (45+)
Cryptocurrencies: (1) Bitcoin
CFD: (460+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
Deposit Methods: VISA, MasterCard, CASHU, Diners Club, ELV (Elektronisches Lastschriftverfahren), Giropay, iDEAL, Local Bank Transfers, Maestro, Neosurf, Neteller, PaySafe Card, Poli, Qiwi, Skrill, SOFORT, UnionPay, WebMoney
Withdrawal Methods: Bank Wire, VISA, MasterCard, CASHU, Diners Club, ELV (Elektronisches Lastschriftverfahren), Giropay, iDEAL, Local Bank Transfers, Maestro, Neosurf, Neteller, PaySafe Card, Poli, Skrill, SOFORT, UnionPay, WebMoney

Live discussion

Join live discussion of UFX.com on our forum

Video

Your company video here? Contact ad sales

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Consumer Reviews

Service use: Live

Length of use: 0-3 Months

Ufx is scam, please aware from
Nasib Naser, jad they are liers

Account Manager
+44.208.1500778 Ext: 1351

[email protected]
https://sa-fx.com i filed a case against them

Service use: Live

Length of use: over 1 Year

confermo che sono dei truffatori, Anna Mancini è una truffatrice non investite assolutamente con questi rifiuti

I confirm that they are scammers. Anna Mancini is a scammer, do not invest in this garbage compant at all

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 3-6 Months

£98,000.00 ‘invested’ and lost through oil and gold trades.
No surprises as the modus operandi was the same as most of the other 149 reviews under the UFX Markets reviews section of this site.

If you would like to join a funded Class Action against Reliantco Investments Ltd please contact me in the forums.

Service use: Live

Length of use: Have not used

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: over 1 Year

After investing in various platforms for 10 years, I consider that ufx is one of the great players in the market both technically and functionally.

It is one of the few brokers that i can trade with a 1: 400 leverage . I value very positively the own technologies that this broker has as massinsight that offers live information on the current market situation.

They have the Metatrader 5 platform and an agreement with Trading Central through which you can receive signals and technical analysis from diferent markets.

Service use: Other

Length of use: 3-6 Months

DO NOT TRADE WITH UFX.com. Too many people have lost everything to this company. You trade with UFX and 93% of profits go to Paragon X, their trading platform. 2020 profits were approx 60 Million dollars. Your lost money! All looks good in the beginning when you begin to trade. It is nothing but a boiler room in Cyprus because their listed address does not exist (googlemaps) with fake named trading specialists who continually barrage you daily to add more and more funds to your account. Their Paragon X platform goes down so you can’t access it a lot. I am convinced they manipulate it so investors fail. (I’ve spoken with many other people who also lost all their money and they feel the same but of course I can not confirm this as fact). Do your homework on this company. Both Directors have been charged on tax evasion. Look at the SEC case in USA. Paragon x linked to UFX in the UK (Their trading platform) lists a Director ‘Name withheld’ who has approx 30 insolvent companies behind him.
Look at Youtube videos https://www.youtube.com/watch?v=yJ9QjSsiM28. Checkout peacearmy about fraudulent companies. You’ll find UFX there! Their Trust Pilot reviews are shocking (bad) and UFX and been able to have many reviews removed. Its been stated the good reviews, some are fake! They had Mike Tindall (A royal, married to Princess Anne’s daughter Zara Phillips- He is also an England Rugby player) gracing their website in 2020 but he is now off their website. BEWARE. I strongly suggest to stay clear.

Jul 26, 2020 – No Rating Watch this Youtube Video for a July 2020 update on UFX.com https://www.youtube.com/watch?v=yJ9QjSsiM28 (UFX.com review#1 by Steve Gill).

BBC is airing a program on how they scam us. This will air in Aug 2020.

A class action suit will follow headed by international Lawyer Gabriele Giambrone in the Royal Courts of Justice in London. Contact if you wish to join.

I was scamed by UFX. I will get my money back. Get yours back too.

Service use: Live

THEY ARE LIAR, THEY SCAMMERS THEY ARE THIEVES as I can not describe them any better

I have been scammed by Reliantco Investments Ltd, they are also called UFX

I was contacted by brokers Mr Izzet Kamer, Mr Levent Demir and Arda Polat who encouraged me to open an account with UFX. The brokers contacted me by telephone and email and encouraged me to invest in various financial trading namely gold, petrol and stock exchange. I was assured by brokers that as long as I do what the brokers ask me to do I shall win and that there will be no losses. The brokers reassured that I will make no loss and a win was guaranteed. In reliance on this representation, I entered into a contract with broker. The representation was an express term of the contract. In fact the representation was false and broker was in breach of the contract in that none of the investments made a return.

As a result of the misrepresentation, I have suffered loss and damage. In the circumstances, and they are liable to me for damages for misrepresentation and breach of contract.

I did not have any knowledge or experience in investments and I did outline this to brokers. The brokers encouraged me to open a professional account and told me to not to worry and to rely on their advice. (you had to have two or a year and half years professional experience and €500000.00 in your account in order to trade professionally in European countries as this is the regulation in European Commission)They opened a professional account in their platform without my consent in order to take more and quickly money from me. Again this is illegal. They also confirmed that they will help and provide all the answers to complete the account and that they will complete the account on my behalf. The brokers have clearly been in breach of their role and provided incorrect and false information in order to complete the professional account.

I can inform you that all the telephone conversations were recorded. As these recordings are crucial evidence in this matter proving that financial advice was given by brokers to me. You give them notice that all the telephone recordings should be preserved as evidence. It is clear from the emails I received from brokers and the telephone conversations that brokers have introduced themselves as a authorised person to give financial advice. I was initially encouraged to make small investments. The brokers first made it look like that I was winning and making money. All the money I won was held in the account brokers opened. Further investment advice was given to me by brokers and I was pushed to make big investments which resulted in losses which was never mentioned by any of brokers.

I realised that they are regulated in another European Economic area (EEA) country and as you are aware in order to regulate certain financial activities the brokers should have been
authorised to carry out the said regulated financial activities. Please confirm with them whether their brokers were authorised to give financial investment advice to amateur investors such as me. As a result of the wrongful advice brokers gave, I suffered a loss totalling in the sum of £48,000.00 In sterling pound. I request full refund of This sum.
I reported them Ombudsman, CySec in Cyprus and found a lawyer ready to take them
To court in Cyprus. As well as I reported them
FSA financial services authority and Police here in London. Police in London said will contact police in Limassol

I’ll also be going to Cyprus next week myself

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