UFX Markets – Forex Broker review

UFX Markets review and Rating
UFX Markets review

Name: UFX Markets review

Description: UFX or former UFX Markets is founded in 2007 and is based in the Republic of Vanuatu. UFX comes under the jurisdiction of the Vanuatu Financial Services Commission. Its proprietary MassInsights Technology also sustains the broker. MassInsights Technology, providing a live stream of market events on top of aggregated trader behaviour based on its clients.

54%
54 of 100 1 review
  • Support - 30%
    30%
  • Platform - 60%
    60%
  • Insights - 70%
    70%
  • Leverage - 60%
    60%
  • Commission - 50%
    50%

Summary

UFX is not publicly traded and does not operate a bank. UFX offers traders access to over 500 instruments, including 49 currency pairs and CFDs on 30 cryptocurrencies, eight indices, 45 ETFs, 373 single stocks, five commodity contracts, and ten expirable futures contracts. UFX has provided support for several methods of payment methods. They include transfer by credit cards, eWallets, and bank wire transfer. UFX offers MT4 and MT5 platforms. It also provides its own proprietary web-based trading platform, ParagonEX. Read UFX Markets forex broker review, rating, regulation, and detailed information for their services below.

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User Review
3.67 (3 votes)
Comments Rating 0 (0 reviews)

Pros

  • Choice of Many Accounts
  • Islamic and Demo Accounts
  • Use of MassInsights Technology
  • Fast registration process
  • Regular market news videos
  • User-friendly platform

Cons

  • Only One Bonus Available
  • Not currently regulated
  • Charting tools for Platinum Accounts only

UFX Markets clearly put thought into the design of their website and the usability of their trading platform. The brokerage offers competitive spreads which, though not the lowest we’ve seen, are certainly reasonable. UFX’s minimum spread for trading EUR/USD is 4.0 pips – which is relatively high compared to the average EUR/USD spread of 0.70 pips. 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.

Company Reliantco Investments Limited
Founded in 2009
Offices in United Kingdom
Payment options CashU, Credit/debit cards, Skrill, SOFORT, Wire transfer
Demo platforms MetaTrader 4, UFX Web Platform
Account currencies United States dollar
Currency pairs
AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD BTC/USD
CAD/CHF CAD/JPY CHF/JPY
EUR/AUD EUR/CAD EUR/CHF
EUR/GBP EUR/JPY EUR/NOK
EUR/USD GBP/AUD GBP/CAD
GBP/CHF GBP/JPY GBP/NZD
GBP/USD NZD/CAD NZD/CHF
NZD/JPY NZD/USD USD/CAD
USD/CHF USD/JPY USD/NOK
USD/SEK
Regulated by CySEC, 127/10
Website available in Arabic, Chinese, Czech, Dutch, English, French, German, Italian, Japanese, Romanian, Russian, Slovenian, Spanish, Turkish
Support available in Arabic, English, Italian, Portuguese, Russian, Spanish, Turkish
Support methods Email, Live chat, Office, Phone, Web form
Trading server time zone GMT
  • Free education
  • Segregated accounts
  • Affiliate program
  • Islamic accounts available

Account Types

Mini Account

Minimum account size $500
Minimum position size 0.05 lot
Spread type Fixed
Spread on EUR/USD, pips 4
Scalping Forbidden
Trading instruments
Forex 1:200
Gold & silver 1:200
Oil 1:200
Indexes 1:200
Cryptocurrencies 1:10
Trading platforms MetaTrader 4, UFX Web Platform
Digits after the dot in quotes 4
Number of currency pairs 45
Special notes Trading chat.
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Automated trading

Micro Account

Minimum account size $100
Minimum position size 0.01 lot
Spread type Fixed
Spread on EUR/USD, pips 4
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:200
Gold & silver 1:200
Oil 1:200
Indexes 1:200
Cryptocurrencies 1:10
Trading platforms MetaTrader 4, UFX Web Platform
Digits after the dot in quotes 4 or 5
Number of currency pairs 45
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Automated trading

Standard Account

Minimum account size $1,000
Maximum account size $4,999
Minimum position size 0.1 lot
Spread type Fixed
Spread on EUR/USD, pips 3
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:200
Gold & silver 1:200
Oil 1:200
Indexes 1:200
Cryptocurrencies 1:10
Trading platforms MetaTrader 4, UFX Web Platform
Digits after the dot in quotes 4 or 5
Number of currency pairs 45
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Automated trading

Gold Account

Minimum account size $5,000
Maximum account size $9,999
Minimum position size 0.25 lot
Spread type Fixed
Spread on EUR/USD, pips 2
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:200
Gold & silver 1:200
Oil 1:200
Indexes 1:200
Cryptocurrencies 1:10
Trading platforms MetaTrader 4, UFX Web Platform
Digits after the dot in quotes 4 or 5
Number of currency pairs 45
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Automated trading

Platinum Account

Minimum account size $10,000
Minimum position size 0.5 lot
Spread type Fixed
Spread on EUR/USD, pips 2
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:200
Gold & silver 1:200
Oil 1:200
Indexes 1:200
Cryptocurrencies 1:10
Trading platforms MetaTrader 4, UFX Web Platform
Digits after the dot in quotes 4 or 5
Number of currency pairs 45
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Automated trading
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