While UFX has a lot to offer traders with a bit of knowledge, we don’t feel it is ideal for complete beginners. There is no education center like many of the other popular Forex brokers, just a round of questions and answers in the FAQs section.
The corporation is the widely popular developer of MT4 and MT5 platforms for mobile, desktop, and web-pages. Also, demo account holders have a chance to get a bonus too – Practice Mode Bonus up to USD 60 is available to demo users. UFX offers Pip Spread Bonus, Rebate Bonus Happy, Hour Bonus and other promotions.
To get access to the MT5 trading platform, UFX asks for a minimum deposit of $5,000, while other brokers offer this platform for a much lower minimum deposit. Islamic accounts require a $10,000 deposit, the same as for the Platinum account. MT5 access does not seem to be available in the Islamic account despite the high minimum deposit. The company’s trading platform provides trading services via straight-through processing and electronic communication network protocols. The global headquarter of UFX is located at The Govant Building, Kumul Highway, P.O.Box 1276, Port Vila, Vanuatu. The company also has offices in London, UK, and Limassol, Cyprus.
A secure trading environment and reliable customer service are key offerings at UFX. The brokerage offers tradable assets across five categories. 68.34% of retail traders operate accounts at a loss, slightly better than the average, and a positive performance. UFX is a CFD broker, which began, as its name suggests as a Forex broker, in 2007. It is an STP broker, that eur is it matches a client’s order with an order from a liquidity provider, and it provides fixed spreads. A number of Forex/CFD brokers started offering cryptocurrencies as CFDs, in addition to their other markets. UFX offers a relatively wide range of cryptocurrency CFDs and has the distinction of making the ParagonEx platform available for cryptocurrency CFD trading.
Please note that UFX possess a minimal amount requirement for both withdrawals and deposits. Currencies forex The MT4 platform suite that the broker offers is from MetaQuotes Software Corporation.
Does Ufx Have Fees?
It is not a United Kingdom Financial Conduct Authority regulated firm. UFX provides numerous account options to its customers for registering an account. The account requirements of each account differ from one another. As per UFX review, the brokerage firm is transparent and reliable as it provides all the essential information on its official website. The head office of UFX is situated at Govant Building, near Kumul Highway, P.O. Box 1276, Port Vila, Vanuatu.
Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. UFX is regulated by Cyprus Securities and Exchange Commission . One of the most important criteria for traders when choosing a broker like UFX is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money. All money funded to UFX is placed into a segregated tier 1 bank account. this means your money in not held by UFX directly but a tier 1 bank.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Powered by MassInsights technology, ParagonEx Web Trader 4.0 is a web-based, proprietary trading platform offered by UFX. The system can be accessed via any web browser and as such, does not require any download. The platform consists trading strategy of a single asset page, which shows all the information you need on a particular asset. UFX has a relatively wide range of cryptocurrency CFDs available to trade, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum and Ethereum Classic. These are available on the ParagonEx crowd trading platform, for a minimum deposit of $100.
It is free to use and adopted by almost every other broker in the industry. Online trading communities have explored the depths of this platform, helping brokers and their clients leverage the power of its advanced trading tools. The advanced charting package and a wide range of technical indicators provided by MetaTrader 4 can support not only multiple types of orders but also automate their trading. The trading platform is designed to cater to new as well as expert traders. It also provides investment advice on different markets and through multiple languages. On top of that, the platform has a fully-customizable UI for the convenience of its users.
Top Fx Brokers
It is free to download, and it is compatible with PCs, laptops, smartphones and tablets. Apart from operating on the MetaTrader4 platform, the company also offers a proprietary trading platform known as ParagonEx, which has charts powered by NetDania. After submitting this application, an online verification process is conducted under the standard What is UFX Forex Broker operating procedure. New traders may receive calls from the UFX back office as a part of the strict AML/KYC policy adhered by all CySEC regulated brokers. In this process, the company asks for a copy of valid ID proof and a valid proof of address. For proof of ID, traders must submit a copy of their valid passport or valid driver’s license.
It is a platform for trading markets consisting of boxes for each individual market, with access to the chart, orders and other information. This platform has over 50 technical indicators, time frames from tick to monthly and 12+ chart price types. UFX Partners will helps to generate unlimited income and maximize revenues from the web site with minimal effort. UFX Partners offer one of the most generous affiliate programs in the online financial industry, with Competitive CPA, Revenue Sharing, and Hybrid commissions. Increase earnings as a Forex affiliate, with a combination of a base CPA and an ongoing revenue share. Get paid for each customer reference and continue earning money from that referral each time they make a trade.
While conducting our review of UFX, our team of experts learned that this broker doesn’t offer social trading. This broker truly caters to traders who want to be in complete control of their trading. Therefore, instead of trying to do multiple things mediocrely, they’ve opted to cater to one type of trader with outstanding services. While other major forex brokers might offer more currency pairs, you’ll find that UFX offers more than enough profitable opportunities. Furthermore, they offer all the most popular currency pairs, which is more than sufficient for most traders.
Related Ufx Vs Comparisons
One of the firms that participated in ratcheting up the level of quality of both order execution and customer service was UFX.com (formerly UFXMarkets.com). A group of industry professionals decided to band together and offer a new approach in 2007 that would incorporate the tools and service levels that they had come to expect. Apparently, the team got it right early on, because UFX began to grow by leaps and bounds, quickly amassing a global contingent of happy customers. Reviews and testimonials were highly favorable, followed by a host of industry awards that secured the reputation of this broker for the years to follow.
- UFX is a leader in the retail trading industry and offers its services to clients all over the world.
- If the amount exceeds the total deposit, the funds will be transferred to the trader’s bank account, which can take up to 10 business days for the transaction to complete.
- Before trading online with a broker such as UFX you should be sure they’re legitimate online agent.
- We should say something about negative balance protection with UFX.
- This also means it operates within the strict standards laid down in MiFID .
- They have now decided to leave fake customer testimonials in the FPA’s forums.
Also, there are far better brokers on our list, make sure to check them out! But this one is not bad at all… The broker offers a reasonable range of forex pairs. Also, UFX provides clients with a variety of CFDs across ETFs, Single-Stocks, and Cryptocurrency CFDs. Also, the broker further enhanced its research in 2017 by adding content from Alliance Signals. If you don’t know it’s a trading name of signals based in Switzerland, as well as additional content in the form of daily market analysis videos and online articles.
Ufx Withdrawal Fees
This research is developed by Trading Central, who is a leading independent third-party research company for investors. However, this high-value content is available to UFX clients only at or above a minimum deposit of $1,000. New accounts make more substantial deposits to get access to this data. The Daily Market Review feature is one of the key examples of how UFX offers profound daily trading recommendations. It also maintains and updates an economic calendar based on the clients’ trading criteria. A limited and free of cost research is also offered to beginners daily, based on their trading needs.
While the top-tier accounts are expensive, they offer the benefits of its proprietary MassInsights Technology and other trading tools. Access to ParagonEx WebTrader 4.0, MetaTrader 4, and MetaTrader 5 is a significant advantage for its clients. For traders looking for broad access to the markets, UFX is a winner.
The especially capable online application is also a web-based versatile tool that requires no software installation or online download. ParagonEx has an extensive range of financial graphs and also displays real-time financial market news. Further, ParagonEx WebTrader 4.0 Software was awarded many prestigious awards by industry reviewers for its supremely refined user interface and advanced trading tools. CFDs are complex products that acquire a high risk, and many retail investor accounts lose money when trading CFDs. Traders should consider whether they can afford to let their retail investor accounts lose money. In terms of research and education, it supports the clients by providing an exclusive database of trading videos and market research articles.