The Dutch Authority for the Financial Markets (AFM) has issued a consumer warning about Ufunded LLC, stating that the firm is unlawfully providing investment services in the Netherlands by executing client orders in derivative contracts, specifically contracts for difference (CFDs), without an AFM licence. Ufunded operates an invite-only platform and works with at least one partner focused mainly on Dutch consumers, which receives compensation for client referrals. The AFM reports that 1,279 Dutch investors have transferred more than EUR 20 million to Ufunded, and that Ufunded cannot rely on an exception or exemption from the licensing requirement. Under Ufunded’s “funded trading” model, clients pay an access fee of between EUR 1,400 and EUR 32,200 to trade with “start capital” of USD 45,000 to USD 1,035,000 (30 times the fee) using leverage, which the AFM characterises as CFD trading. The AFM also highlights client risks including high leverage and loss limits that can lead to account exclusion and loss of the access fee, the need to pay again to regain access, trading against Ufunded so that Ufunded earns money when clients lose, and strict conditions on profit withdrawals. Ufunded can submit the AFM’s decision for judicial review.
Dutch Authority for the Financial Markets 2026-01-30
Dutch Authority for the Financial Markets warns consumers that Ufunded is illegally providing unlicensed CFD order execution in the Netherlands
The Dutch Authority for the Financial Markets (AFM) warns against Ufunded LLC for providing investment services in the Netherlands without a licence. Ufunded's invite-only platform targets Dutch consumers, offering leveraged trading in CFDs with significant risks, including high leverage and restrictive profit withdrawal conditions. The AFM notes that 1,279 Dutch investors have transferred over EUR 20 million to Ufunded, which cannot claim any licensing exemptions.