FXOpen vs UFX

FXOpen vs UFX Comparison Table 2023
FXOpen Review 2023	UFX Review 2023
Review 3.7	UFX Review 2023 has closed.
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.	UFX are forex trading specialists that also offer popular stocks, ETFs, indices, and commodities. Offering tight spreads and one of the best ranges of major and minor pairs, they are a great option for aspiring FX investors.
Comment by Reviewer
"FXOpen is a good, reliable all-round broker with competitive pricing that will especially suit high-volume traders who can benefit from fee discounts."	"We do not recommend UFX. We have received numerous complaints about Account Managers forcing deposits and trades, and the website also no longer functions properly. Avoid."
Pros
No requotes Phone dealing News trading 600+ instruments True ECN model Scalping permitted Multiple payment methods Bonuses and trading contests Unlimited demo account Copy trading (global traders) Low minimum deposit (global traders) MT4, MT5, TradingView & TickTrader platforms	Regulatory oversight Full range of investments Multiple payment methods offered Low minimum deposit Demo account
Cons
Inactivity fee Withdrawal fees apply for some methods No access to all instruments on some accounts	No copy trading No MT4 integration
Awards
Best ECN Broker 2012 - Masterforex-V Best Forex Broker in Australasia 2011 - World Finance Magazine Best Islamic Forex Broker 2011 - IB Times Trading Awards Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards Best Trading Platform 2010 - Falcon Awards	Best Forex Trading Tools - MassInsights™ Technology - UK Forex Awards Winner 2016 & 2017 FX Director of the Year - Dennis de Jong - The European 2016 & 2017 FX Broker of the Year - The European 2016 & 2017 Best Trader Loyalty Programme - UFX Rewards - FX Report Awards 2016 Best Trading Platform - MassInsights™ Technology - FX Report Awards 2016
Instruments
Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares	ETFs, Commodities, Forex, Stocks, Indices, CFDs
Demo Account
Yes	Yes
Minimum Deposit
$1	$100
Trading Platforms
MT4 MT5 TradingView	TradingCentral
Payment Methods
Airtm Alipay Boleto Credit Card Debit Card Mastercard Netbanx Asia Neteller Skrill Trustly Visa WebMoney Wire Transfer Yandex Money	American Express Bitcoin Payments Cashu Credit Card Debit Card Diners Club Giropay iDeal Maestro Mastercard Neteller Paysafecard POLi QIWI Skrill Sofort Visa WebMoney Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
FCA, CySEC, ASIC	CySEC
Margin Trading
Yes	Yes
STP Account
Yes	Yes
ECN Account
Yes	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade are supported, two of the highest-rated and easiest to use third-party copy trading platforms on the market.
Social Trading
Yes	No
Trade Signals
Yes
VPS Hosting
Yes	No
Tournaments
Yes	Yes
Demo Competitions
Yes	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10	$100
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP AUD JPY CHF HKD RUB	USD
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange S&P 500	Australian Securities Exchange Borsa Italiana Dow Jones FTSE UK Index London Stock Exchange Nasdaq New York Stock Exchange
Commodities
Gasoline Gold Oil Silver	Corn Gold Natural Gas Oil Palladium Platinum Silver
CFD Trading
FXOpen offers CFDs on multiple assets including forex, stocks, commodities, indices, cryptocurrencies and ETFs. Leverage and spreads vary by instrument, with spreads starting from zero and fast order execution.	Invest in various markets without owning the underlying asset. Also trade with leverage.
Leverage
1:30 (EU), 1:500 (Global)	1:30
FTSE Spread
0.8	Variable
GBPUSD Spread
0.2	3 - 5 pips
Oil Spread
4.0	5 - 8 pips
Stocks Spread
N/A	Variable
Forex Trading
FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts.	Trade over 60 forex pairs with advanced analysis tools.
GBPUSD Spread
0.2	3 - 5 pips
EURUSD Spread
0.2	2 - 4 pips
EURGBP Spread
0.2	4 - 5 pips
Assets
50+	65+
Cryptocurrency
FXOpen offers CFDs on 40 cryptocurrency pairs, including cross-pairs with BTC as well as pairs with various fiat currencies such as GBP, USD and JPY. Crypto CFDs are tradeable with leverage of 1:2. Only pro traders can access crypto derivatives in the UK.	Crypto trading not offered
Spread
Variable
Coins
BTC BCH ETH LTC ETC EOS DSH XRP IOT XMR NEO
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	UFX Review 2023 has closed.
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