ufx forex broker review

UFX Review

Min. Deposit: £100

 

ABOUT UFX

UFX Global is a leading online straight-through-processing (STP) brokerage firm that provides customers with a trading platform for Forex and Contracts for Differences (CFDs). CFDs are derivative securities that allow traders to speculate on the price of assets without actually holding them in their accounts. This unique trading platform is owned by Reliantco Investment Limited, a Cyprus Investment Firm authorized and regulated by the Cyprus Securities Exchange Commission (CySEC). Its license number is 127/10, and it has been in operations since December 22, 2010.

UFX provides its customers platforms for trading forex and CFDs on indices, stocks, commodities, shares, ETFs, and cryptocurrencies. UFX is available in most major countries and languages. It is a good platform for newbies and professionals in the trading world to do their business. UFX aims to satisfy its customers’ trading needs with one of the best technologies and competitive spreads.

UFX REGULATIONS

UFX is under the jurisdiction of the Vanuatu Financial Services Commission (VFSC), with license number 14581. Hence traders’ monies are safe, even if UFX goes bankrupt. UFX has earned lots of recognition from top industry reviewers over the years for its outstanding impacts and innovations in the brokerage market.

 

It is a fully licensed and regulated broker, a recognized leader in the online trading community. The company adheres to the highest ethical standards, rules, and regulations guiding its operations.

PLATFORMS AND TOOLS

UFX offers its traders access to three (3) trading platforms:

ParagonEx Web Trader 4.0: This alternative trading platform is web-based and developed by UFX to trade multiple classes of assets. This trading platform is very versatile, which requires no software download or installation. The ParagonEx Web Trader 4.0 used by UFX is the latest version, and it incorporates the innovative MassInsights™ technology to provide traders with information about the prevailing trends in the market. It also provides a complete live stream of market events and trader behavior. This platform integrated charts and enables real-time news feed, so traders can see what is going on in the market at any given time.

MetaTrader4 (MT4): The MT4 is the most popular forex and CFD trading platform in the industry. It has advanced charting features, a large library of technical indicators, and it supports automated trading through the use of Expert Advisors (EAs). MT4 is widely used in the online trading space due to its wide range of advanced trading tools.

UFX Trading App: Trading is highly mobile these days, and traders need not worry about missing out on trading opportunities. The UFX trading app avails traders the chance to trade directly from their smartphones and mobile devices. The app is free of charge and can be downloaded on Google Playstore or Apple store.

UFX’S LATEST AWARDS

This broker has remained consistent since inception, and there is no surprise it has been duly recognized with the following awards:

  • 2016 & 2017 – Best Forex Trading Tools – MassInsights™ technology – (UK Forex Awards)
  • 2016 & 2017 – FX Broker of the Year – (The European Global Banking and Finance Awards)
  • 2016 – Best Trader Loyalty Programme – UFX Rewards – (FX Report Awards)
  • 2016 – Best Trading Platform – MassInsights™ technology – (FX Reports Awards)

UFX’S EDUCATIONAL MATERIALS

UFX offers high-quality educational and market analysis for its clients. This broker provides its users with a range of innovative tools and features like the BitcoinTrader that makes it easy for new users to make trades automatically without difficulties.

UFX provides an economic calendar on the website, which shows a forecast of upcoming events and daily market and financial analysis. The broker also offers the MassInsight technology that streams market events live.

However, research on UFX is exclusive to traders with a minimum deposit of $1,000 and above. This is probably because research is provided in partnership with Trading Central, a leader in independent third-party research.

Contact is available 24/7 via phone, e-mail, and mail and has a very quick response time.

UFX’S TRADING INFORMATION

UFX offers traders financial instruments to trade that span six categories: currencies, commodities, cryptocurrencies, futures, stocks, and ETFs. These include over 484 different instruments and over 49 currency pairs.

UFX offers the ParagonEx Web Trader 4.0, MT4, and the UFX Trading app, which allows users to trade via their phones, mobile devices, and laptops.

The broker allows you to execute a minimum trade of $125. This varies depending on the account the trader opened. However, the maximum trade requirements vary depending on the trader and the instrument. Trading is made easy for both beginners and professional users with the easy-to-use interface and step by step navigation guides.

UFX offers six types of live trading accounts:

·       Micro Trading Account

Minimum deposit of $100
24-hour live support
Video library access
Daily recommendations
Daily reviews

·       Mini Trading Account

Minimum deposit of $500
24-hour live support
Video library access
Daily recommendations
Daily reviews
Personal Coach

·       Standard Trading Account

Minimum deposit of $1000
24-hour live support
Daily recommendations
Daily reviews
Exclusive updates
Personal Coach
Video library access
VIP support

·       Gold Trading Account

Minimum deposit of $5000
24-hour live support
Daily recommendations
Daily reviews
Exclusive updates
MT4 platform Access
Personal Coach
SMS Alerts
Video library access
VIP support

·       Platinum Trading Account

Minimum deposit of $10,000
All features of the Gold account

·       Islamic Trading Account

Minimum deposit of $100
24-hour live support
Video library access
Daily recommendations
Daily reviews
Personal Coach

The Islamic account is an interest-free account, in accordance with the Islamic Sharia law.

UFX’S CUSTOMER SERVICE

UFX customer support is available 24/5 through live chat, web contact form, email, and telephone. With support representatives in over 23 countries and multiple languages, it is not difficult to understand why they have won lots of awards in the industry. The broker has outstanding customer service, fast responses, and even faster resolutions. UFX also provides an FAQ section that provides more valuable information for the traders.

UFX is a leading online broker specializing in currencies, commodities, stocks, and indices. It is certainly a good platform to start with if you want to start online trading.

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