UFX Reviews

UFX отзывы

About UFX

UFX attempts to meet all of its clients’ trading demands by offering consistent and competitive spreads on cutting-edge trading platforms. Because the broker operates on a straight-through processing (STP) business model, it does not take opposing positions on its clients’ trades.

The headquarters of the company is located at 139 Makarios Avenue, Zavos Business Centre, 3rd floor, 3021 Limassol, Cyprus. Its Czech Republic branch is located at Na Hebenech II 1718/8, building B, 140 00 Prague 4.

Thomas Johansen, the CEO, joined the company in 2014. He also works with Investing-Academy as an account manager. Thomas formerly worked as the Vice President of Institutional Sales at Deutsche Bank.

Platforms

The broker offers traders two main types of trading platforms: ParagonEx Web Trader 4.0 and MetaTrader 4 (MT4).

MetaTrader 4

The MT4 platform is the industry’s most popular forex and CFD trading platform. It has been accepted by the majority of market brokers. The platform is especially popular among online traders since it provides a variety of sophisticated investment tools.

MT4 includes an excellent charting program as well as a wide library of technical indicators. It offers a variety of order types as well as automated trading using Expert Advisors. The platform is also available in a variety of languages, and the user interface can be tailored to the needs of the trader. 

WebTrader 4.0 by ParagonEx

An alternative platform is ParagonEx WebTrader 4.0. This point of sale is a one-stop web platform and does not require you to download or install any software on your desktop.

It has built-in charts and supports real-time news feeds. Version 4.0, adopted by UFX, is the latest version of ParagonEx WebTrader and uses the innovative MassInsightsTM. technology to provide traders with information about prevailing trends in the markets.

UFX отзывы

Markets and assets

You can trade a wide variety of assets with UFX, including 58 currency pairs, 8 market indexes, over 40 ETFs, over 500 stocks, and 5 commodities. This is an excellent range, implying that there are numerous possibilities for first-time investors. The main problem is a lack of cryptocurrency, which is becoming increasingly popular. 

Spreads and commissions

UFX does not charge a commission on every trade. However, the broker charges a rollover fee (also known as an overnight swap). When a trader’s position is open after 00:00 GMT, the rollover cost is estimated.

Spreads in the Forex market are estimated at 2-4 pips, depending on the account. Standard accounts are charged 2 pips, Gold, Platinum, and Islamic accounts 3 pips, and Micro and Mini accounts 4 pips.

Accounts that do not trade for 45 days incur a $100 inactivity fee as well as a 0.1 percent hedge fee.

Mobile trading

Traders can trade the financial markets straight from their cellphones or mobile devices using the UFX mobile investment app. It also includes MassInsightsTM technology and a slew of cutting-edge capabilities, such as simple stock quotes.

The mobile investing solution is free and may be downloaded immediately from the Apple App Store to an iPhone or from the Google Play Store to an Android device (APK). It’s even available as an iPad app. 

Trading account replenishment methods

UFX accepts a variety of payment methods to enable fund deposits and withdrawals. This includes credit card transfers, e-wallets, and bank transfers.

We take Visa, Mastercard, Diners Club, Maestro, and American Express as well as other major credit cards. Neteller, Skrill, Sofort, ELV, iDEAL, CUP, Qiwi, WebMoney, Paysafecard, Neosurf, Giropay, CashU, bitcoin payments, and POLi are among the e-wallets available to traders.

Please keep in mind that UFX has minimum deposit and withdrawal requirements. The minimum deposit amount is $100, and the minimum withdrawal amount is $25.

Fund transfers are free and can take up to 10 business days. Day traders must be aware that their payment method or bank may levy a fee. 

Demo account

The broker offers a $10,000 virtual cash demo account. You can use a demo account to hone your trading strategy. It provides full access to all professional tools, including live streaming of market events and aggregated trader behavior.

Regulation and licensing

In terms of regulatory control, UFX is overseen by the Cyprus Securities and Exchange Commission (CySEC). The broker is governed by license number 127/10.

In terms of UFX’s reputation, the broker has been recognized by top industry reviews for its superior services and product offerings.

UFX отзывы

Account Types

New members have a choice of six different live account types:

Micro

  • Access to the video library
  • 24-hour real-time support
  • Daily Market Review
  • Daily Recommendations
  • A $100 deposit is required.
  • The minimum trading volume is $250.

Mini

  • VIP trading assistance
  • A $500 deposit is required.
  • The minimum trading volume is $5,000.

Standard

  • Exclusive updates
  • A $1,000 deposit is required.
  • The minimum trading volume is $10,000.

Gold

  • A $5,000 deposit is required.
  • The minimum trading volume is $50,000.

Platinum

  • A $10,000 deposit is required.
  • The minimum trading volume is $100,000.

Islamic

  • A $10,000 deposit is required.
  • The minimum trading volume is $100,000.

The broker also offers a professional account. This unlocks additional benefits such as lower leverage limits and an account manager. However, clients will lose their eligibility for the Investor Compensation Fund (ICF).

Customer Service

UFX customer support is available 24/7 on the broker’s website. The team can help with any complaints that traders have when registering, logging in or even users who want to delete their account.

In terms of localized phone support, UFX has a support representative in three different countries:

  • +357 2503-0314 Cyprus
  • +49 303-080-8240 in Germany
  • +420 228-881-495 Czech Republic

UFX has also received numerous awards, such as “Forex Broker of the Year” and “Best Forex Trading Tools – MassInsightsTM Technology”.

UFX from the United States, United Kingdom, or Canada cannot be used by traders.

Conclusion

UFX Global has a huge asset offering of over 500 stocks, making it attractive to beginner day traders. The brokerage also has 24/7 customer support, a demo account, access to Trading Central, and six account types.

Leave a Reply

Your email address will not be published.