UKG Forex Review: A Bane Offshore Broker

× Alert!
  • - Can't withdraw your funds from this fraudulent company?
  • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
  • - Or is there an excessive delay in processing your withdrawal?
  • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:

Click the button below, fill out the form to recover your lost funds from this scam company

Click Here To Recover Your Stolen Funds

UKG Forex Review: A Bane Offshore Broker

UKG Forex is a clone website that tries to mimic an outstanding UK brokerage firm. Our investigation will show that this is a broker trying to scam investors. The first red flag was on their homepage slide with a Citi FX logo. That clearly shows that the website belongs to another exposed scam. UKGForex is a broker claiming to reside in the UK, which is false. This is an offshore broker. Learn more in this eye-opening UKG FOREX Review for more.

UKG Forex Review

A broker that enjoys the backing of the trading community is what you need. These brokers guarantee your safety and help you learn about trading. Go for the trader-oriented broker that offers you the much-needed support. Please take advantage of their expertise and learn how to trade. You will sharpen your trading skills within no time and start trading on your own. Start the sign-up process today and enjoy professional trading services.

About UKG Forex

On their about us page, UKG Forex claims it’s a commercial brand created by the UKG Group. UKG Capital Ltd is the company that this broker claims to have. This is exactly the kind of talk that drives naïve and newbies to sign up.

Everyone wants to associate with a successful global brand. It’s exactly what naïve investors want to hear, and the broker takes advantage of it. Before jumping in and signing up, there are a few key issues to iron out.

Signing up with UKGForex is easy, and the process takes less than five minutes to complete. The sign-up process is, however, marred by controversy. When verifying the account, the broker demands that you send a copy of your ID.

If this is not clear or enough, the broker asks for your credit card number. This is where we draw the line, as this is not acceptable. We don’t see why the broker needs all this information.

Affiliate and IB partnership

There’s an affiliate and IB partnership service available for marketers. This is one of the many services that the broker offers. It’s also one of the areas that the broker receives complaints from. According to several sources, the broker does not pay commissions for affiliate programs.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

Click Here To Sign Up Now


Even if you direct users to this platform, you won’t get paid. Furthermore, these victims will vent their anger on you for directing them to a clone broker.

Assets and trading instruments

We believe the broker offers common trading assets. There’s no mention on their website regarding the available trading assets. Expect to find commodities, crypto, forex, indices, and stocks.

These clone brokers claim to offer stocks from leading European and US-based companies. This means that the broker offers FAANG stocks to anyone who signs up and deposits. As far as Crypto assets, the broker leaves us all in the dark.

Business team and staff members

UKGForex Staff Members

Michael O’Neil is the CEO of this platform, and this is according to the about us page. Other names on the page include Jeffery Brown, operations manager, and Brendan Robinson, Technical Director.

The last name on the list is Gemma, who, according to the website, is the chief market analyst. If you look closely, Gemma is a well-known actor and has nothing to do with this website. These are clearly false personas that try to give the platform a professional look.

Comments from victims regarding their experience

Most of the victims point the finger at the broker for blocking access to their accounts. The broker is obviously blocking anyone from accessing their funds. And this is a typical scammer’s move which leads to users losing their funds.

Mary Campbell lost all her $10,000 with the broker. She has not received a penny from the broker despite seeing her account balance rising. This is unacceptable, and we hope the broker pays heavily for it.

Domain insights ( review)

Using free domain checker tools, we can ascertain that this is a new website. As of publishing this post, the platform is 18 days old. The website went live on March 20, 2021. After a week of trading, Mary is not able to contact the broker.

Even though the platform has a few members, they should make contact. The Registrant’s name is CCF Group which actually resides in Hong Kong. It makes the website an offshore-led scam brokerage service platform.

Features of UKG Forex

Account plans

UKG Forex Account Types

There are two account types to choose from with this broker. UKG Forex furnishes users with Standard and professional accounts. One problem you will encounter is their link to these accounts.

None of the links work, and you only get to see features of the standard account. Members don’t know the minimum acceptable deposit available on the platform. It shows that the broker wants to take advantage by asking for huge amounts to unsuspecting investors.

Contact and support

Contacting the broker is another problem as we, too, haven’t heard from them. We sent an email asking about the steps of withdrawal. This was over a week ago, and there’s no response. Their online chat service doesn’t work, and it’s a bot that takes your questions.

You will have to leave your contacts and wait for a call. This is another way the broker is harvesting information and selling it to affiliate platforms.

Demo account

The broker calls their demo account the simulation account. What they have done is program the account to work in favor of the user. Once you click on your preferred trade, the platform will come out with winning trades.

You will notice that users make winning trades 9 out of 10 times. It’s another trick to ensure that investors think that they are winning with the platform. Please don’t sign up with any broker based on the results of their demo account.

Deposit and withdrawal options payment options

Payment options on the platform are available to almost anyone on the planet. These payment options include MasterCard, UCB, UnionPay, and Visa. The problem is not the payment options; and the problem is withdrawing funds.

UKGForex is now having a growing reputation for not allowing withdrawals. Despite claims of allowing withdrawals within the hour, this is not the case.

Is UKG Forex Licensed or Registered?

UKG Forex is not a prime broker and does not have any valid license. The claim that they reside in the UK gave us a chance to check their compliance. You can confirm a broker’s compliance in the UK using the FCA register.

The register does not have a broker that is licensed with the above credentials. Even the company itself is not on the Company Registrar in the UK or Europe.

Safety of funds with UKG Forex

As you can see from the evidence above, funds’ safety is not a guarantee with this platform. Segregation of accounts is not possible as this broker is transferring funds to their personal account. Please stay away from this and any other broker who fails to respond to queries.

Scam or Legit UKG Forex

UKG Forex IB Partners

UKG Forex is a scam that will take advantage of naïve investors. We hope that exposing it will limit the number of victims to zero. Our concrete evidence is enough to warrant a full investigation by authorities. We hope authorities will act quickly and issue a warning over this platform.


We won’t recommend a broker that fails to have any valid credentials. Please stay away from UKGForex or else risk losing your funds.

Stay safe and trust industry-backed brokers who have the experience to take your trading to the next level. Your time to start trading with professionals starts today.

We wish you a profitable and safe trading experience.

Leave a Reply

Your email address will not be published. Required fields are marked *

YouTube video

Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.