UFX Review

UFX is a CFD and forex trading broker that was established in 2007. The broker offers to trade over 45 forex currency pairs, commodities, CFD’s, 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 €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

Doesn’t provide MT4 trading platform

The broker doesn’t 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 MassInsights™, 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 doesn’t 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 MassInsights™ 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,  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.