Ofuyc has been flagged by Commissione Nazionale per le Società e la Borsa for "Fraud and Other Types of Misconduct|General enforcement alerts". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The onboarding at Ofuyc was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Clear documentation|Easy withdrawals
Cons: No integrated tax optimization|No fractional shares
Do not believe the bonus offer from Ofuyc. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited based on a colleague's recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Detailed reporting|Competitive fees
Cons: Email notifications too frequent
I gave Ofuyc a fair chance. After for nearly two years of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: High security standards|Professional team
Cons: No dark mode on mobile|None so far
I was contacted by Ofuyc through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Customer support at Ofuyc seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multiple order types|Demo account available|Instant funding|Good mobile app
Cons: Account statements could be more detailed|Would like more payment methods
My withdrawal request from Ofuyc has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Market news feed|Clean UI
Cons: Limited ETF selection|Inactivity fee applies after 12 months
Several red flags with Ofuyc: (1) They promise unrealistically high returns, (2) They're not registered with Commissione Nazionale per le Società e la Borsa, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
Ofuyc seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Demo account available|Regular platform improvements
Cons: Spreads widen during volatile periods|Cannot customize dashboard fully
The spread at Ofuyc is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a friend recommended them and initially thought the platform was good - until I started trading seriously.
Pros: Responsive team|Smooth onboarding|Regular updates|Economic calendar
Cons: Desktop app not available on Linux|Wait times can be long during peak hours