Demo Account Guide
Demo Account Guide
R
HOME / UFX REVIEW

UFX Review

Broker Information Security Popularity Payment Spec Instruments Score
Security A
Popularity E
Payment A
Spec B
Instrument A
A
E
A
B
A
score 56
UFX
  Regulation 100  
BaFin
CySEC
ESMA
VFSC
  Security 88  
Segregated accounts
Established more than 10 years
  Instrument 100  
Forex
Crypto
Index
Oil
Gold
  Platform 50  
MetaTrader 4
Web
  Payment 100  
Credit/debit card
Crypto
Neteller
WebMoney
Skrill
UnionPay
Qiwi
Giropay
Wire
  Features 56  
Education
Lamm
Manage
  Spec 88  
Hedging
Scalping
Fixed Spread
Swap

💲 Min Deposit $100

Year Established 2009

💼 Regulation

💡 Min Position 0.01 lot

🌐 Website www.ufx.com

🌎 Country CyprusVanuatuGermanySpainSwedenEuropean areaFrance

Max Leverage 1:200

🏆 Trading contests

🔎 LAMM

📁 Segregated accounts

📈 Managed accounts

📖 Free education

UFX is a well-established broker since 2009. UFX has headquarters in Cyprus, Vanuatu, Germany, Spain, Sweden, European area and France. UFX to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by CySEC 127/10, VFSC 14581, BaFin 126477, CNMV 3039, Finansinspektionen (Sweden) 29373 and ESMA.


Extensive Review

Founded in 2007, UFX is one of the international leaders in the online trading industry. As a fully licensed and regulated broker, they try to adhere to the highest ethical standards, customer protection, and trading security. They are regulated by the Vanuatu Financial Service Commission under license number 14581. In 2014, the company rebranded from UFX Markets to UFX.

As an STP broker, UFX does not take opposing trades to clients. The company offers fixed and stable spreads. When trading in UFX, traders can enjoy their proprietary platform, MassInsights Technology. It has won multiple awards for its user-friendly trading tools and quick execution speeds.

UFX's platform offers some features, including MassInsights, Assets, Calender, Detailed Asset, and Trading Central. With these features, traders will get a comprehensive live stream of market events and aggregated trader behavior to show them what matters in real-time. Only in one page, traders can see many features such as Advanced Charts, Historical Data, Open Rates, Available Leverage, and Daily Range. All is there to help clients make an informed move.

Traders can also trade on the go by their mobile trading platform. It is available for both iOS and Android, or login and trade directly. UFX has partnered with Trading Central, the leading provider of rich financial research to offer traders a unique trading experience. But, note that Trading Central is only available for UFX traders who deposited $1,000 or more in their accounts. Besides, MetaTrader 5 is also available for traders who register in UFX. It offers a superior range of features, an intuitive and easy-to-use interface, as well as rock-solid stability and blazing performance.

Furthermore, traders can select trading accounts suitable for their needs. UFX provides 6 types of trading accounts, including Micro Accounts, Mini Accounts, Standard Accounts, Gold Accounts, Platinum Accounts, and Islamic Accounts. Traders will get the cheapest minimum deposit in Micro Accounts ($100). On the other hand, the most expensive deposit is available in Platinum Accounts and Islamic Accounts, which amount to $10,000. Meanwhile, only traders in Gold and Platinum Accounts can access the MT5 platform.

UFX provides 5 classes of assets, including ETFs, indices, currencies, commodities (corn, crude oil, palladium, platinum, silver, gold, natural gas), and stocks.

Based in Port Vila, Vanuatu, UFX excels at the funding process. Most traders say that funding on UFO is very fast, depends on the payment method chosen. UFX accepts many different payment methods, so traders can choose the form of payment most convenient for them.

The funding methods include Neteller, Mastercard, Visa, Visa Electron, Maestro, Dinners Club, Local Bank Transfer, Skrill, Sofort, ELV, Giropay, iDeal, Neosurf, China UnionPay, CashU, Qiwi, and many more. Traders' funds are always held in segregated accounts. They take traders' privacy seriously and keep all personal data safe within their secure database, and never share any trader information with 3rd parties.

Traders can increase their income by following UFX's partnerships program. They have several partnership options that can all be scaled to meet the needs of traders' specific business. Opportunities are available for Introducing Brokers, Franchises, Partner Referrers, and White Labels.

On the Introducing Broker, clients' website traffic and marketing expertise can earn payments for every new trader that they refer to UFX. This broker designs user-friendly solutions in harmony with the needs of both clients and their traders, providing a valuable source of income based on creating successful connections.

Each program has its own privilege. When clients join the UFX success story with Franchises program, clients will gain access to a comprehensive support system, including KPI-focused BackOffice software, fully vetted payment methods, experienced marketing professionals, personalized training courses for management and sales teams, and a dedicated personal liaison.

Overall, traders looking for a simple trading solution alongside integrated news and analysis tools may find UFX as an ideal choice. UFX also provides a wide range of account options, despite its relatively high spreads and fixed spreads.

Account Information

Apart from the forex demo account, this broker offers Mini, Micro, Standart, Gold and Platimun. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by UFX is up to 1: 200. Meanwhile, you can open an account with a starting capital of $100.

pin

Min Deposit

$100

pin

Max Leverage

1:200

pin

Spread

Fixed

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $500

💡 Min Position 0.05 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Pending orders

💸 Commission

Instruments Traded

Besides lots of currency pair, UFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Mini account, UFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:200

Indexes

Indexes
1:200

Crypto

Crypto
1:10


💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Pending orders

💸 Commission

Instruments Traded

Besides lots of currency pair, UFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Micro account, UFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:200

Indexes

Indexes
1:200

Crypto

Crypto
1:10


💲 Min Deposit $1000

💡 Min Position 0.1 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Pending orders

💸 Commission

Instruments Traded

Besides lots of currency pair, UFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standart account, UFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:200

Indexes

Indexes
1:200

Crypto

Crypto
1:10


💲 Min Deposit $5000

💡 Min Position 0.25 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Pending orders

💸 Commission

Instruments Traded

Besides lots of currency pair, UFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Gold account, UFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:200

Indexes

Indexes
1:200

Crypto

Crypto
1:10


💲 Min Deposit $10000

💡 Min Position 0.5 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Pending orders

💸 Commission

Instruments Traded

Besides lots of currency pair, UFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Platimun account, UFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:200

Indexes

Indexes
1:200

Crypto

Crypto
1:10

Payment Methods

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

QIWI : Qiwi is an e-wallet or electronic payment service provider from Rusia that is introduced in 2007. The service is mainly used by individuals and businesses in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the US, and the UAE.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

CashU : If you live in the Middle East, CashU is one of the most popular online payment services there. CashU is a digital wallet that allows clients to pay or transfer money online instantly and offer users its own pre-paid MasterCard with no absolutely additional fees attached. Introduced in July 2002, CashU has targeted the Middle East and North African markets where it serves close to 2.3 million customers. This is the reason why many of the forex brokers that are expanding in the North African and Middle East market accept CashU as one of their payment methods.

UFX also provides payment with paysafecard, iDEAL, giropay, UnionPay, SOFORT, POLi, Crypto and Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, UFX offers you MetaTrader 4 and UFX Web Platform.

Customer Support

Do you have any question or find any trouble related to UFX? If you do, you should reach UFX's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Czech
German
English
Spanish
French
Italian
Japanese
Dutch
Romanian
Russian
Slovenian
Turkish
Chinese

Office Support

Email Support

Call Support

Chat Support



FAQ About UFX

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if UFX is a good broker for you or not by reviewing the criteria. In general, UFX provides trading service in Forex , Gold & silver , Oil , Indexes and Crypto . As for the payment methods, you can choose between WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, CashU, QIWI, iDEAL, SOFORT, Crypto, giropay, paysafecard and POLi. The customer support is available via Email, Web form, Phone, Live chat and Office.


The starting capital in UFX is $100.


UFX is regulated by CySEC 127/10, VFSC 14581, BaFin 126477, CNMV 3039, Finansinspektionen (Sweden) 29373 and ESMA. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


UFX is a brokerage company offering trading services for clients since 2009 with offices in Cyprus, Vanuatu, Germany, Spain, Sweden, European area and France.



Testimonials
Canada
T Trance
Sep 30 2020
 
Please don't trust UFX. They are a big scammer. I... More
Argentina
T Thomas J
Sep 28 2020
 
I'm one of many UFX victims. I got called by... More
Pakistan
B Bandi
Sep 23 2020
 
I've been scammed by ufx online trading company, I lose... More
Germany
H Habibi Malik
Sep 22 2020
 
I wish I can give this broker 0 star. They... More
Ukraine
H Hummush
Sep 19 2020
 
Annoyed by many phone calls at the beginning but finally... More
India
B Benjamin
Sep 18 2020
 
I was encouraged to put more more money in, lost... More
Please log in to leave a comment.