Hi BG,

Regarding safety of the fund, beside segregated account. I found a broker uwcfx claim that

"Assets protection
By being a licensed European Union investment company, United World Capital is a member of the Investor’s Compensation Fund which protects clients assets in the event of a company failure."

Do you know how does this work? Thank You!

Jeremy

Dear Traders,
This is my experience with United World Capital. Even they are regulated and tell they tell that accept all Scalping EAS, and Scalping and NDD this is not true at all.
Last month th i have opened an ccount with them, everything was good, i was making very good money, just for notice i begin with 250 USD and in about 3 weeks i have my account with more then 5.000 USD. Then the problems begin :
Huge delays in orders, like 1 minute to order open, and off course requotes, resuming nothing less then 20 seconds and average was way above. I call support desk and first they told me that some problems on server, then no problem at all, neither in servers neither in my account, what happened : SIMPLE - THEY WERE DELAYING MY ORDERS because i was making too much money.
I then make a withdrawal request and close account, the withdrawal was made from my account, i have the daily report telling me that withdrawal was made. I contact day after to ask if the withdrawal is ok, which they told me that withdrawal was processed and took 3 to 5 days to arrive in my bank account. Well a 5 days passed, no money in my bank account and i received a email :

Our managers have carefully checked the information concerning a withdrawal operation xxxx from your trading account xxxx xxxxxx EUR. We are sorry to inform that we will not be able to process it, and the funds have been returned to your trading account, because of the following reason(s):

By chapter 5.12 of the client agreement - this chapter is :

The trading strategies based on use of any mistakes in prices and/or entering into transactions at nonmarket
or out of date prices (generally known by the name of “sniping”) are not acceptable for the Company.

What a outrageous excuse after one month of trading for not giving my hard gain money back.

Well they completely don´t know what they are talking about - all my trades were by mistakes of prices or out of date prices, what a lucky trader i am, and what a company they are to not see this everyday and only see this when i ask to withdrawal my money - everyday i was receiving the reports and at the end of reports this appears :

Please report to us within 24 hours if this statement is incorrect. Otherwise this statements will be considered to be confirmed by you.

So this i a completely SCAM - i want alert all of you traders that don´t put your money in this broker, i have proof details of all this and i will take this to all instances, they are regulated and i will contact authorities regarding this, to receive my money back, because this is unnaceptable at all, and they don´t know what they are doing or saying.

UWC is regulated by CySEC - The Cyprus Securities and Exchange Commission, as well as falls under MiFID – the Markets in Financial Instruments Directive.

Hi BG

I wonder how come STP broker like UWC - United World Capital not allow scalping?

STP broker should have restrictions on trading seen there's no conflict of interest?

Thank You!

...and last but not least, also FSA-regulated http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=223657

Where ther's smoke there's FIRE. Is there a real legit broker out there somewhere that a person can use with confidence?

If you listen to the people selling FOREX education and coaching they do not mention any of the problems that you can read in these review postings. Why is that except it infringes on their ability to suck you in and once you've paid your money.... well too bad.

I still believe there's people out there making good money trading forex .... just need to find the combination to reliable information.

Beware of this scam bonus earned 70USD I struggled once I deleted all the money. Because of company policy. I am one of the poorer people, and this I am sorry from them. The broker is a scam and I'll eat you never want to have something in common.