UzmanFX claims to be a safe and profitable broker while presenting neither details about its regulation nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking such important information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

Besides, UzmanFX shows its company address is in Ukraine. But as per the information we hold, Ukraine currently has no regulatory authority that issues licenses for forex trading or regulates entities engaging in forex. The truth is, UzmanFX is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.