Gold and Platinum accounts can access SMS trading alerts and the MetaTrader 4 platform. The firm has been in the industry since 2010 so that is a check on pros side.

The United Arab Emirates, Kuwait, Saudi Arabia, and Qatar are some of the Middle East countries where the broker is legally operational. Please note that UFX is not available in Canada and the United States. Here is a comprehensive review of the UFX broker on trading CFDs and forex pairs in 2021. I am really satisfied with their services and I am trading with them for past few months Ya I have some problem with their withdrawl services but their customer service help me a lot. Our UFX review team is pleased to recommend this broker to all forex traders, regardless of your level of expertise.

Fund Deposit & Withdrawal

There is a good range of account types available with UFX, and the Mini account requires just a $500 deposit. The minimum trading volume is $5,000 and there is a good selection of benefits. These include daily market reviews, access to a video library, daily recommendations, 24 hour live support, and the services of a personal trader. All these benefits as well as VIP trading support and exclusive updates if you open a Standard account with a minimum deposit of $1,000. The minimum trading volume for a Standard account is $10,000.

UFX provides multiple resources across its platform and website. The information ranges from an economic calendar and headlines powered by FXStreet, to its proprietary MassInsights technology that analyzes client sentiment data. In 2014, the company rebranded from UFX Markets to UFX, to match its brand with the three-letter domain name it had acquired. In addition to this, the brand also has an entity regulated in Vanuatu, under UFX Global, regulated by the Vanuatu Financial Services Commission . Get the latest market intelligence from the world of commodities.

The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. Trading any financial instrument involves a significant risk of loss.

We have covered allot in this UFX review, If you want to see how UFX compares side by side with other brokers check out our UFX Vs pages. UFX are regulated by Cyprus Securities and Exchange Commission . This means UFX fall under regulation from a jurisdiction that can hold Retail foreign exchange trading a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes. The UFX phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual UFX team by calling in varying languages.

The website may get reimbursement from the services or brands mentioned on this site. Things like cashback are available on your real-money trades. There are also various competitions taking place to reward traders for their patronage. Leverage is low on stocks, and the spreads range from a few pips to several dozen pips, or several hundred pips. Scalping is allowed with this broker; however, keep in mind that UFX has a one-minute minimum time to close a deal after it has been opened. You can even read reviews of Xforex Online Broker and AvaFx online broker. Marko has been a digital nomad for over 5 years, and is currently based in Europe.

Ufx Awards

UFX has also developed proprietary technology that offers you all the information you need to be an effective trader. Combined with outstanding platforms and a variety of accounts, this broker provides a unique trading environment to hone your strategies, regardless of your level of experience.

Our UFX review team discovered that UFX offers five different retail account types tailored to your trading style and experience. They also offer an Islamic account and a professional account. UFX has been facilitating trade on the financial markets for over 14 years. UFX offers clients Forex trading, CFDs trading, and Social trading. All funds deposited to UFX are held in segregated tier 1 bank accounts for security.

For a Mini/Micro UFX trading account, the minimum deposit is $100. However, to open a demo account with UFX, you don’t need to make a deposit. The other accounts include Mini, Standard, Gold, and Platinum, which require $500, $1,000, $50,000, and $100,000 deposits respectively. Opening an account with UFX is straightforward and in line with other popular brokers. This broker offers a range of account types and a reasonable minimum deposit, making it accessible for any trader, regardless of your investment budget. When opening a trading account with UFX, you will need to sign up here.

The UFX asset list, at this reading, totals out at nearly 250 items, including 51 currency pairs, 8 commodities, 7 indices, 171 stocks, and 12 ETFs. Lastly, Dennis de Jong, the firm’s Managing Director, wants to establish a dialogue directly with you by posting his plans for UFX for the coming year right on the website. Find another forex brokerage house CEO willing to state publicly his commitment and confidence for inquiring eyes to see. UFX offers the Mobile and MT5 trading currency top platforms. UFX.com offers over 45 forex currency pairs, stocks, gold, silver, oil and bitcoin for your personal investment and trading options. Also, take note that mostly account types offer fixed spreads and a wide range of financial instruments to trade.

HYCM offers over 200 forex and CFD instruments trading on forex, indices, commodities, stocks, ETFs, and cryptocurrencies. Registered clients can use a free demo account to practice trades. Foreign Exchange and Contracts for Difference (“CFDs”) are complex financial forex products that are traded on margin. Trading Forex & CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, Forex & CFDs may not be suitable for all investors because you may lose all your invested capital.

Minimum Deposit: $1000

Chance favors the prepared trader and everything you need to make an informed decision is listed right here. MassInsights offers a live stream of market events and aggregated trader behavior. You’ll be able to see what assets are trending among other traders. The platform also shows information such as when an asset abruptly changes direction in trend, increasing volatility, spikes in open positions, and volume growth. You only need to fill in some basic information at first to set up a demo account. Subsequently, you can go through the rest of the process to start trading live.

There are multiple trading platforms for mobile and desktop-based trading. Stocks, commodities, indices, currency pairs and ETFs are available. All in all, there are hundreds of financial instruments to trade with wide-ranging spreads and solid leverage. Whether you’re an amateur or a professional trader, this UK-based platform certainly What is UFX Forex Broker makes a strong case for CFD trading. In terms of services, according to our UFX review, it is one of the Best Forex Brokers to handle the trading activities of clients for a wide range of financial instruments. These instruments have been categorized under multiple classes of assets, with forex pairs and CFDs being the primary assets.

Broker Review

For every trade you make UFX will award you a certain amount of cashback, depending on the type of asset. UFX allots you a trading target, once you’ve made your first deposit. Once this target has been reached you will be able to redeem your cashback award.

With UFX, traders can also trade commodities, market indices, individual stocks, and ETFs. As a forex broker, UFX helps trade more than 60 currency pairs. It also supports trading seven different types of market indices. It further supports the trading of ten ETF funds, seven types of commodities, and twenty-nine types of stocks. ParagonEX, the trading platform offered to clients of UFXMarkets, was developed by the company’s CEO and is designed to provide clients with the most up-to-date charts, news and data feeds. Customers can access extensive resources about the markets and trading, including videos with daily market outlooks, market commentaries and trading ideas.

• For beginners and experts alike, UFXMarkets is a broker deserving of consideration.
• UFX Autochartist provides the world’s first Market Scanner available for MT4 using a non-trading Expert Advisor script.
• We offer several options including revenue sharing, CPA, and hybrid commission structures.
• This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website.
• If they violate any regulatory rules their regulated status can be stripped.
• The firm also provides cutting-edge software and attributes like MassInsight technology and Trading Central.

It comes with a user-friendly interface, excellent performance, and an extensive range of charting and analytical tools. Customizable charts, multiple timeframes, charting tools, and indices are all available via the web trader, offering an outstanding trading experience. When making a withdrawal, you will have to supply a valid photo ID and proof of address. When withdrawing to a credit card, you will also have to provide a copy of the front and back of the card you used to make the deposit. Our team of UFX review experts was pleased to find that this broker offers plenty of payment options for you. If you are eligible, the minimum deposit for a professional account with UFX is $1,000. To open a UFX professional account, you will need to prove that you are a professional trader, which will include answering a few questions to prove your knowledge.

Reviews

This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide Foreign exchange autotrading on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.