UKFinvest Review (2023)

Is UKFinvest a scam or a legit broker?

UKFinvest is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

UKFinvest is a trading provider that offers a range of over 250 trading instruments including Forex, Commodities, Stocks, Indices, yet mainly offers trading Bitcoins and Cryptocurrency. The broker mentions its high liquidity access and cross-platform trading through unparalleled quick execution and API solutions. However, the broker address mentions beautiful islands of Seychelles, which is a rather good place for vacation, not the financial investment firm.

The point is that Seychelles offers an easy process of financial or investment firm establishment, through a very low list of requirements, small budgets and what is more crucial with no strict overseeing of the brokers’ operation or history. For that reason, offshore zones attract vast non-scrupulous or shady brokerages that aim to attract clients, to grab their funds and disappear.

In regards to UKFinvest, as the company relatively young in the market, still there is no cruel history of fraud or negative reviews form traders. Yet, the lack of regulation is a serious issue, while talking about trading and choosing of the reliable broker. Besides the mentioned implemented security and protection the only thing trader remains is a good word from a broker.

Conclusion

Thus, in order not to fall under unlikely events, we recommend to our readers and traders community carefully check on the broker and choose Forex brokers such as FXPrimus (Read about FXPrimus minimum deposit) and XM.com (Read about XM global) that are strictly overseen by sharp legit authorities that are in charge of smooth and fair offering to investors. For instance, CySEC or FCA Forex Brokers are rated among popular brokers and deliver various benefits towards clients with segregation of funds, participation into compensation schemes besides to its regular reporting on every operation to the authority in terms of misleading.

UKFinvest website is no longer active.