Overview UFX
UFX is a CFD and forex trading broker that was established in 2007. The broker offers to trade over 45 forex currency pairs, commodities, CFDβs, indices, shares, commodities, and cryptocurrencies.
UFX head office is registered in the Republic of Vanuatu.
UFX Reputation and Regulation
UFX has been operating for a long year. The broker is owned and operated by UFX Global Limited. They are regulated by the CySEC (Cyprus Securities Exchange Commission) since 22nd December 2010 with this 127/10 registration number. The UFX head office is registered at Govant Building, Kumul Highway, P.O. Box 1276 Port Vila, Vanuatu.
UFX traders are protected by the CIF (Investor Compensation Fund). Maximum coverage is β¬20,000 under 2014/49/EU.
It operates under the MiFID (Financial Instruments Directive) 2014/65/EU and 4th AMLD (Anti-Money Laundering Directive).
Pros
Operating since 2007 and regulated by multiple regulatory
Offers 6 different types of account including Islamic & demo account
Offers top-notch trading tools including MassInsight technology and Trading Central
Special support for their clients in multiple languages
Cons
Doesnβt provide MT4 trading platform
The broker doesnβt offer any welcome bonus
UFX account types
The UFX offers 6 different accounts: Micro, Mini, Standard, Gold, Platinum, and Islamic accounts.
Each account offers different benefits and advantages. Each account has its own terms and specialty.
Micro account
This account minimum deposit is $100
The minimum trading volume is $250
Mini account
This account minimum deposit is $500
The minimum trading volume is $5,000
You will get VIP trading support
Spreads start at 4 pips (EUR/USD)
Standard account
This account minimum deposit is $1000
The minimum trading volume is $10,000
You will get VIP trading support
Spreads start at 3 pips (EUR/USD)
Traders will get an exclusive update
Gold account
This account minimum deposit is $5000
The minimum trading volume is $50,000
You will get VIP trading support
Traders will get an exclusive update
Traders can choose the MT5 trading platform
Spreads start at 2 pips (EUR/USD)
Platinum account
This account minimum deposit is $10,000
The minimum trading volume is $100,000
You will get VIP trading support
Traders will get an exclusive update
Traders can choose the MT5 trading platform
Islamic account
This account minimum deposit is $10,000
The minimum trading volume is $100,000
So, you have to have at least $100 to start trading with the UFX, and the MT5 account starts with a minimum $5000 deposit.
All accounts offer leverage of 1:30. But, pro traders can get leverage up to 1:400.
Also, they offer a demo account to practice and test their service. You will receive $100,000 virtual money after opening an account.
UFX trading platforms
The broker offers 2 types of trading platforms, which are web-based and MT5. Both are available for mobile devices.
MT5 is one of the most popular trading platforms. It has unique features and benefits. This platform makes trading easier for traders.
The MT5 allows traders to customize trading styles, opening up to 100 charts at a time. You will get 80 indicators and 21 different timeframes.
It offers updated news from international agencies, fundamental analysis, and VPS.
Mobile trading
Presently more than 70% of traders want to trade with the smartphone. UFX wants to make its clients happy. The broker offers mobile trading opportunities. It offers MassInsightsβ’, Technology, and many advanced trading tools. The trading app is freely downloadable from the Apple app store and googles play store.
Deposit and withdrawal option
UFX offers a penalty of payment methods for their clients. The broker supports any credit/debit cards, WebMoney, Skrill, Payoneer giropay, iDEAL, Neteller, SOFORT, ELV, CashU, Qiwi, POLi, Neosurf, China UnionPay, Paysafecard, and bank transfer.
These payment methods depend on the client’s country of residence. Also, deposit and withdrawal fees are different for each method.
Educational assets and research
UFX provides valuable market analysis and offers high-quality educational resources.
Traders who make a minimum $1000 deposit get exclusive benefits from the Trading Central. It is an industry-leading provider of market analysis, investment research, and financial research.
UFX doesnβt offer educational materials or assets, but a good economic calendar is available for its clients.
Also, they provide limited free research daily.
Promotion and Contest
UFX offers bonuses and contests regularly such as rebate bonus, deposit bonus, redeposit bonus, happy hour bonus, pip spread bonus, PMB, refer a friend bonus, and more. Some of them only for new clients and some of them all new and old clients.
Trading assets
A wide range of trading assets and instruments available for UFX clients. A trader can trade over 45 currency pairs, 7+ indices, 10 ETF funds, 29+ stocks, including the most popular soft drink CocaCola, and other 7+ commodities.
awards
The broker won many awards from industry experts like:
The Year of 2016
- Best Forex Trading Tools from MassInsightsβ’ Technology (UK Forex Awards)
- FX Broker of the Year (2013 – 2016) The European Global Banking and Finance Awards
- Best Trader Loyalty Programme & Best Trading Platform from FX Report
You will find more info on their official website.
Client support
The broker is very responsible for their clients. The BaFin (German Financial Supervisory Authority) regulates the EU support center, license no 80164620.
They offer support 24/5. You can reach them via website live chat support, phone call, email, and they provide additional support via social media.
Client support is available in multiple languages, including English, Polish, Hindi, Indonesian, Danish, Arabic, Swedish,Β German, Vietnamese, Dutch, Romanian, Chinese, Hungarian, Italian, Finnish, French, Czech, Malay, Japanese, Russian, Norwegian, Turkish, Portuguese, and Spanish.
The broker offers special call support for the UK, Germany, Cyprus, United Emirates, Russia, France, Turkey, Bahrain, Singapore, Spain, Czech Republic, and Italy.
General Information
| π Broker Name : | UFX |
| π’ Company Name : | Reliantco Investments Limited |
| π Foundation Year : | 2009 |
| π Regulated by : | MiFID |
| π’ Headquarters : | United Kingdom |
| π Broker Type : | ECN/STP |
| π± Base Currency : | EUR, GBP, USD |
| π’ US Traders : |
Trading Preference
| π° Min. Deposit : | 500 USD |
| π° Max. Leverage : | 1:400 |
| π° Minimum Spreads : | |
| π Demo Account : | |
| π Mini Account : | |
| π Standard Account : | |
| π VIP Account : | |
| π Premium Account : | |
| π Segregated Account : | |
| π Islamic Account : | |
| π Managed Account : | |
| π Pamm Account : | |
| π Affiliate Account : |
Payment Options
| π° Deposit Methods : | Credit Card, Neteller, QIWI, Skrill, Wire Transfer |
| π° Withdrawal Methods : | Credit Card, Moneybookers, Neteller, QIWI, Skrill, Wire Transfer |
Trading Features
| π° Trading Platforms : | MetaTrader 4, ParagonEX |
| π° Fixed Spreads : | |
| π Commission on Trades : | |
| π Hedging : | |
| π Scalping : | |
| π Automatic Trading : | |
| π Mobile Trading : | |
| π Web Trading : | |
| π₯ Signals : | |
| πͺ VPS Services : | |
| π§ Email Alert : |
Trading Instruments
| π Forex/Currencies : | |
| π Commodities : | |
| π CFDs : | |
| π Indices : | |
| π ETFs : | |
| π Stocks : | |
| π Crypto Currency : |
Promotion
| π No Deposit Bonus : | |
| π Deposit Bonus : | |
| π Contest : | |
| π Other's Promotion : |
Get Latest UFX Promotion
Support
| π₯ 24-Hours Support : | |
| π₯ Support During Weekends : | |
| π Web Form : | |
| π¬ Live Chat : | |
| π€ Call-Back : | |
| βοΈ Support Language : | Arabic, Chinese, Dutch, English, French, German, Indonesian, Italian, Japanese, Portuguese, Russian, Spanish, Turkish |
Contact Information
| π Website : | https://www.ufx.com |
| π§ E-mail : | [email protected] |
| π Telephone : | +44 208-150-0778 |
| π· Fax : | No |
| π Address : | Reliantco Investments Limited Makarios III Avenue & Avgyriou Eftalioti Street Zavos Business Center, 3rd Floor, 3085 Limassoll, Cyprus |
The platform is fast and the website looks very professional