Has anyone invested with UKX Capital

FouremUserName

Going out on a limb here, but I think the OP is purely to make the company look credible.

The OP joined in December 2023, but waited until July 2026 to make their first post - asking about an obscure investment platfom.

They then miraculous get their money back with 12 hours of asking.

Google now has a nice list of endorsements from 'the Industry' supported by a happy tale on the MSE forum.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82067563#Comment_82067563

May be true, but doesn't deflect from all the core warnings around dealing with any unregulated platform.

Would a hooky site bother about making its endorsements 'genuine'?

masonic

Anyone who reads this thread and comes away with the notion this is a credible company needs to go to Specsavers.

hopefulcounter

I want to back up gingamamas comments. I was brought into this company (UKX Capital) by a fake video on 6th May purporting to be an episode of BBC Question Time with Fiona Bruce, Nigel Farrage and Andrew Bailey. It said investments were backed up the FCA (which was only true of the first one by debit card) and that investments were small. I invested £161 but soon afterwards they were wanting bigger sums and the conversations became quite aggressive. I put in a further £1000 by transfer. They allowed me to withdraw £140 but, fed up with aggressive demands to invest more, I asked to close my account on 27th May. Instead of which they reinvested my money which eventually made a £600 loss. I waited until this was reduced to £100 and on 19th August asked again to close my account. This was ignored and currently I am £1025 out of pocket, although the money is still shown in my trading account with them. I have reported the matter to Report Fraud.

flaneurs_lobster

Instead of which they reinvested my money which eventually made a £600 loss.

Nothing was invested, and you don't have a 'trading account'.

It's all make-believe, much like the ridiculous video you gave credence to.

leosayer

https://forums.moneysavingexpert.com/discussion/comment/82065871#Comment_82065871

And not forgetting Bernie Madoff's scheme.

In that case, investors who received back more money that they invested were sued by those who lost money.

flaneurs_lobster

The only bit that does intrigue me is how do the scam trading firms manage to explain how an AI-generated video of Farage/Bailey thumping each other** is a good reason to give them your money?

"Here's X &Y fighting because of how much money you can make by clicking HERE"?

And no, I'm not going to go looking.

** other videos of prominent people fighting on the set of Question Time are available.

Albermarle

Plus in what universe do the people on the BBC question Time panel, discuss investment opportunities ??

QrizB

https://forums.moneysavingexpert.com/discussion/comment/82124075#Comment_82124075

At least you've "only" lost £1025. We've seen people on this forum who've lost much more than that.

Almost £40k in this thread, for example.

Youshould watch out for future contact from people who claim they can get your £1025 back, but then ask you to pay fees / taxes / tariffs up-front. They'll be trying to scam you too, just like happened in the thread I've linked above.

Malthusian

I remember an amazing investment opportunity that was supposedly legit because AI Ian Wright had talked about it on 606 or some other football show. If you wondered why a pundit would suddenly start talking about his investments, and why the producers didn't tell him to shut up and go back to the match, you weren't the target market.

Remember that we live in a world where people go up to soap actors in the street and berate them for something their character did. Billions of dollars have been extracted by telling people that Jesus wants them to be rich. Most people do not trouble themselves overmuch with the difference between fantasy and reality.

The primary purpose of the Farage/Bruce/Lewis/Sheeran/whoever videos is to attract the viewer's attention. Like when footballers promote deodorant, Carol Vorderman promoted second mortgages, energy firms dress actors up as Einstein and the FCA hired Arnold Schwarzenegger to tell people to claim PPI compo. There is an element of exploiting trust in the celebrity, but it is primarily because Internet viewing data tells us that when you put these people in a video, people watch for whatever reason.