Desk file · 2026 edition · record confidence: medium
UFX
We opened the file on UFX the way we open every file: register first, marketing never. Trading since 2010, run out of Limassol, Cyprus (former), and carrying 1 licence entry on the public record, 0 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| CySEC | 127/10 | Cyprus | T2no longer active | Reliantco Investments Ltd | cysec.gov.cy |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- CySEC, at its meeting of 30 October 2024, decided to withdraw the Cyprus Investment Firm authorisation number 127/10 of Reliantco Investments Ltd because the company had not provided investment services or performed investment activity for the preceding six months (CySEC decision announcement dated 18 November 2024).
- Reliantco Investments Ltd appears in the CySEC register under Former Investment Firms (entry 37610).
- Media reporting (Finance Magnates via TradingView, fxnewsgroup) attributes the UFX brand to Reliantco Investments Ltd and describes the broker as having ceased offering services; earlier directories also list a Belize IFSC authorisation (IFSC/60/256/TS/13) and a Vanuatu licence 14581, neither re-verified against a live primary source.
- The company had been licensed by CySEC since 2010 (licence 127/10 granted December 2010 per Map S. Platis announcement).
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- minDeposit not verified (broker no longer operating a live onboarding site)
- maxLeverage not verified (same reason)
- spreadEurusd not verified (same reason)
- segregatedFunds not verified
- negativeBalanceProtection not verified
- Belize IFSC and Vanuatu VFSC licence numbers not re-verified against primary sources; brand's operating status after the CySEC withdrawal not verified
- founded year: licence granted 2010; brand launch year not independently verified
| Founded | 2010 |
| Head office | Limassol, Cyprus (former) |
| Minimum deposit | not verified |
| Leverage cap | |
| EUR/USD | not verified pips |
| Tier-1 entries | 0 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.