UFX Review and Tutorial 2018

United States not accepted.

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UFX Facts & Figures

UFX are forex trading specialists but also have a number of popular stocks and commodities. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders.

InstrumentsForex, Crypto
Demo AccountYes
Min. Deposit$100
Min. Trade$1
Regulated ByCySec
MT4 IntegrationYes
Mobile AppsiOS, Android
Trade SignalsNo
Islamic AccountNo
Forex
GBPUSD Spread5 pips
EURUSD Spread3 pips
EURGBP Spread4 pips
Assets65+
Risk Warning – Your capital is at risk

UFX Global is a leading forex and Contract for Differences (CFDs) trading platform that is owned by Reliantco Investments Limited. The company was established in 2007 and is based in the Republic of Vanuatu. The company’s head office is situated at Govant Building, Kumul Highway, P.O. Box 1276 Port Vila, Vanuatu. The broker operates on a Straight-through-Processing (STP) business model and as such does not take opposing market positions to that of their clients’ trades. With their state of the art trading platforms, UFX aim to meet all their clients trading needs, while at the same time offering stable and competitive spreads.

Regulation & Reputation

In terms of regulatory oversight, UFX comes under the jurisdiction of the Vanuatu Financial Services Commission. The broker is regulated under the license number 14581. As for the reputation that UFX has earned over the years, the broker has been recognized by leading industry reviewers for its outstanding services and product offerings. Since 2012, UFX has been winning recognition for its services to the industry.

Trading Platform

As for the trading platfroms provided by UFX, the broker offer traders two main types of trading platforms, ParagonEx Web Trader 4.0 and the MetaTrader 4 (MT4) platform.

UFX Trading Platforms

For those who prefer to trade on the move there is a mobile trading option.

Mobile Trading

Traders who are highly mobile now no longer need to worry about missing out on trading opportunities. With the UFX mobile trading app, traders can now trade the markets directly from their smartphones or mobile devices. It also comes with MassInsights™ Technology and numerous advanced trading tools. The mobile trading app is available free of charge and can be downloaded directly from the Apple App Store or Google Playstore.

UFX Mobile app

Trading Accounts

As for the trading accounts that are available at UFX, you have a choice of 6 different types of trading accounts.

Bonuses & Promos

While UFX does not offer any kind of trading bonuses to its clients, it does have a loyalty program called the “Cashback” program. The more you trade, the more you will earn in terms of rewards. In addition, UFX also hold regular trading competitions where traders can participate in and win attractive prizes. Some of the prizes offered included a Lotus Elise sport car.

Assets & Instruments

With UFX, traders can trade in Currency pairs, commodities, ETFs, market indices and stocks. There are 60+ currency pairs, 7 types of market indices, 10 ETF funds, 29 types of stocks and 7 types of commodities.

Customer Support

Customer support at UFX is available 24/5 through live chat, web contact form and the telephone. In terms of localized telephone support, UFX has a support representative in 23 different countries. With such wide support coverage around the globe, it is easy to understand how UFX has won so many awards such as “FX Broker of the Year” and “Best Value Forex Broker”.

Deposit & Withdrawal

To facilitate the funding and withdrawal of funds, UFX has provided support for several methods of payment methods. They include transfer by credit cards, eWallets and bank wire transfer. Major credit cards such as VISA, Mastercard, Diners, Maestro and American Express are accepted by UFX. For eWallets, traders can use popular wallets such as Neteller, Skrill, Sofort and Poli. Take note that UFX have a minimum amount requirement for both deposits and withdrawals. For deposits, the minimum amount is $50 and $70 for withdrawals.

Is UFX suitable for day trading?
If you are looking to day trade and are looking for a suitable broker, the first thing that you should consider is whether the platform and instruments offered are suitable for day trading. In the case of UFX, it is a suitable broker for day trading as CFD contracts can be opened or closed at any time.

UFX Awards

Some of the latest awards won by UFX include the following:

2017

2016

FAQs

What is the minimum deposit requirement to open a trading account?

The minimum deposit requirement at UFX is $100 for the Micro trading account.

How fast can my withdrawal request be processed?

The processing time for withdrawals depends on the methods used. However, the typical time required to process a withdrawal request is 3 business days.

Is UFX a reliable broker?

Yes, UFX is a reliable broker as it has been operating since 2007. In addition, it is regulated by the Vanuatu Financial Services Commission.

What kind of trading platform does UFX have?

There are 2 types of trading platforms available at UFX, the MetaTrader 4 and the ParagonEx Webtrader.

Does UFX charge a withdrawal fee?

No, UFX does not impose any fee for withdrawals. However, traders can still be liable for any fees imposed by the banks.

Accepted Countries

UFX accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use UFX from United States, Canada.

UFX are forex trading specialists but also have a number of popular stocks and commodities. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders.