Ufina Capital Review: We Found Strong Evidence of Fraud
Ufina Capital Review: We Found Strong Evidence of Fraud

No wonder Ufina Capital managed to deceive several unwary users considering how convincing the website looks and how favorable the trading conditions seem. Luckily, the scheme was recently exposed.

If you want to learn how this fraudster preys on potential victims, read our Ufina Capital Review. In case you’ve lost money to this trickster, at the very end you’ll find a form that you can use to book a consultation with us and start the fund recovery process.

Regulated by: Unregulated Scam Broker
Is This Company Safe? No
Known Websites: ufinacapital.pro, ufina.trade  
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.

Legal Info: Is Ufina Capital Regulated?

The legal documentation says that the firm is headquartered in the United Kingdom. However, there is absolutely no evidence to support that claim. As for Ufina Capital warnings, we found out that the UK’s Financial Conduct Authority (FCA) flagged this entity as unauthorized.

If you trade on this platform, “you also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business,” the FCA points out. For that reason, the broker cannot be trusted.

Instead of trusting unlicensed imposters, you should stick to regulated providers operating under the supervision of esteemed financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), CySEC (Cyprus), etc.

Who Are Ufina Capital’s Targets?

According to godaddy.com/whois, the Ufinacapital.pro website domain was created on August 30, 2023. Since then, the financial swindler has mainly been targeting unsuspecting traders who reside in the following countries:

  • Italy;
  • Spain;
  • Romania;
  • Lithuania.

Each of these countries enforces common regulations of the European Securities and Markets Authority (ESMA). The big watchdog is known for heavy financial market regulations, especially when it comes to Forex trading and digital assets. 

One common law stipulates that each financial market participant is required to possess a necessary license or permit. This imposter offers maximum leverage of 1:300 but the legal cap for European retail clients is 1:30. 

There are plenty of phonies such as Ufina Capital and Parenta Financial Services Limited on the FCA’s warning list so be sure to always check what the regulators say about a certain provider before making any deals or investing real money. 

Trader Reviews – Sharing Experiences

We found some Ufina Capital reviews on personal-reviews.com. These are confessions from unfortunate victims who lost money to this unscrupulous platform. 

One such victim claims the “broker helped me deposit a fund here and I want to withdraw them because no one can be found anymore,” which is a common occurrence with anonymous providers. Hence, please avoid trading on unregulated platforms and instead stick to transparent and licensed firms. 

Which Trading Platform Is Available?

Ufina Capital claims to offer the famous MetaTrader 5 platform. However, there is no demo account so we couldn’t confirm whether it is a legit version of MT5. It could contain malware. Even if it is the real deal, we still don’t recommend it because of the broker’s unregulated status.

If you want a pure trading experience, you should stick to licensed providers that support proper third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. 

MT platforms are arguably the best in the industry, enabling traders to utilize innovative tools such as automated & algorithmic trading, advanced charting, live market reports, branch optimization, 20+ timeframes, EAs, a user-friendly interface, etc.

Available Live Account Types

Account Type Elementary  Intermediate Advanced Professional
Minimum Deposit 250 USD 1,000 USD 5,000 USD 25,000 USD
Maximum Leverage 1:100 1:100 1:200 1:300
Spreads Floating Floating Floating Floating
Welcome Bonus 5% 10% 15% 20%

Leverage, Spreads, Commissions, Bonuses

The maximum leverage that Ufina Capital offers is 1:200, which, as we mentioned, is significantly higher than the legal cap for retail clients in the UK (1:30). High leverage can amplify potential profits but also potential losses, and the latter usually occurs.

The spreads were simply described as floating but the concrete pip values weren’t disclosed. That’s not a transparent way to run a brokerage business. Moreover, the firm awards clients bonuses, which, by the way, are banned by the FCA. These pesky incentives come with strings attached. 

“To withdraw funds from an account that has been credited with a trading bonus, the trader must meet a minimum trading volume requirement of (bonus amount + deposit) x25,” the bonus policy stipulates. That’s a pretty insane trading volume requirement and definitely not something you would want in your contract.

Deposit and Withdrawal Process

Ufina Capital states that there are three available payment methods that can be used to fund live trading accounts:

  • Credit/debit cards (MasterCard, VISA);
  • Wire transfers;
  • Cryptocurrencies.

In case you deposited funds via MasterCard or VISA credit/debit cards, you can request a chargeback at the issuing bank within 540 days and reverse the transaction. Wires can be reversed via a recall but this action can only work for transactions yet to be completed.

The reason why scammers prefer crypto payments is that they are extremely hard to trace and undo, plus such a method allows them to remain anonymous and run their schemes.

To reverse crypto transactions, you’re going to need to seek out professional assistance as these types of payments can be a nightmare to undo. Luckily, we have a team of experts that can help you recover your funds.

Key Facts To Consider About Ufina Capital

To sum up, Ufina Capital is nothing but a trading scheme aiming to deceive traders from Italy, Spain, Romania, and Lithuania. The platform, like FXDD, offers extremely risky leverage. 

We do not recommend this platform because it is anonymous, plus blacklisted by the FCA. In case you’ve lost money to the Ufina Capital scam, you must seek our professional help to recover your funds!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

FAQ Section

What is Ufina Capital?

Ufina Capital is an anonymous Forex trading scam blacklisted by the United Kingdom’s FCA regulator.

How Do I Check If a Company is Regulated by the FCA?

Open the FCA’s website, go to the Financial Services Register, enter the provider’s name, and tick the “Firms” box.

Can I Recover Money I Lost in a Financial Fraud?

Yes, you can request a chargeback/recall at the bank. Contact us so we can explain to you how it works.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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