Our UFX review team discovered that UFX offers five different retail account types tailored to your trading style and experience. UFX has also developed proprietary technology that offers you all the information you need to be an effective trader. Combined with outstanding platforms and a variety of accounts, this broker provides a unique trading environment to hone your strategies, regardless of your level of experience. Although their different accounts have high minimum deposit requirements, the broker offers a broad range of resources, bonuses, and mouth-watering promotions. UFX trading platforms, Metatrader4 and ParagonEX, are very efficient.
What is the minimum deposit at UFX?
- It is advisable to thoroughly research and consider these factors before engaging with UFX forex broker.
- New accounts require verification via a copy of the trader’s ID and one proof of residency document.
- Bank wire withdrawals can take up to 3 business days to reach your account, while e-wallet can take up to 5 business days.
- This is generally at times of very high volatility and rapid price movements.
While conducting our review of UFX, our team of experts learned that this broker doesn’t offer social trading. This broker truly caters to traders who want to be in complete control of their trading. Therefore, instead of trying to do multiple things mediocrely, they’ve opted to cater to one type of trader with outstanding services. Our UFX review team was pleased to discover that this broker offers an extensive number of trading instruments across a variety of asset classes, thereby offering you plenty of opportunities to make a profit.
What sets ParagonEx apart and our UFX review team found impressive is the integration of MassInsights. Another of UFX’s proprietary trading technologies, this system provides valuable information on a variety of assets that will help you make better trading decisions. Customizable charts, multiple timeframes, charting tools, and indices are all available via the web trader, offering an outstanding trading experience. In today’s competitive financial technology landscape, companies and firms started expanding their platform ecosystem and offered services to cater to the diverse needs of the market. On UFX traders can utilise fundamental data analysis to perform stock evaluation related to current economic environments, a company’s competitors, and a company’s financial health.
UFX withdrawal fees and options
For example, any hedging positions you have open might be charged an administration fee of 0.1% of the total volume per day. Any fees charged by your bank or payment processor, however, are your responsibility, which is to be expected. Our UFX review team has concluded that this is a broker who takes your safety seriously. The high level of regulation also makes this one firm that we are happy to recommend to any trader.
The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. UFX have shown consistent levels of good service as well as fast response times with informative and relevant replies.One of the key points about UFX customer service is that it is available 24/7 and in a variety of different languages. UFX is regulated by the Financial Conduct Authority, meaning that it must always take the relevant steps to ensure its users’ money is safe.
Account types
UFX offers a variety of trading platforms and account types to cater to different trading preferences. However, potential traders should exercise caution ufx com forex trading due to the broker’s questionable regulatory standing and limited educational resources. It is advisable to thoroughly research and consider these factors before engaging with UFX forex broker.
- The mobile platforms mirror the functionalities of the desktop versions, ensuring a seamless trading experience across devices.
- The representatives we spoke to were quick to respond, eager to help, and very knowledgeable.
- The stream also notifies you of important market updates and news as they occur to ensure you are up to date with the financial markets at all times.
- Our UFX review team is pleased to recommend this broker to all forex traders, regardless of your level of expertise.
A Contract for Difference (CFD) is an agreement between an investor and a CFD broker to pay the difference between an asset’s opening and closing prices, such as a UK stock. No underlying assets are exchanged on a CFD trade, it is purely a speculative deal on the up or down price movement on an aggreed financial asset between the trader and CFD broker. The Gold account comes with a minimum deposit requirement of $5,000 and a minimum trading volume of $50,000.
The UFX team is made up of IT specialists, experienced financial professionals, and hedge fund managers, which gives them a unique perspective. This broker knows exactly what you need as a trader to increase your chance of making a profit. This broker provides you with a wide range of trading opportunities across a variety of asset classes, making it an excellent choice if you are looking to expand your portfolio. Our main concern with this broker is their inadequate regulation. UFX is one of the least regulated brokerage companies in the industry. However, we’ll give them the benefit of the doubt since they’ve been in the industry for many years.
UFX Portfolio and fee reports
The commodities you can trade are among the most popular, namely crude oil, gold, platinum, silver, and natural gas. If you want to expend your trading portfolio, you can’t go wrong with UFX’s commodity offering. The Platinum account features a minimum deposit requirement of $10,000 and a minimum trading volume of $100,000. Otherwise, the Platinum account is identical to the Gold account.
While reviewing UFX, our team of experts found that this broker offers fraction pip pricing. The broker quotes prices with up to five or three decimals, depending on the currency pair. This means, generally, that spreads and quotes will be far more accurate. ParagonEx Web Trader is a proprietary forex trading platform developed by UFX. A very user-friendly platform, ParagonEx offers all the tools you need to trade effectively.
You’ll also find some options that are a little more exotic, like the USD/TRY. MT5 allows you to open over 100 charts at the same time and has 21 timeframes. It comes with more than 80 indicators and allows expert advisors or automated trading. When making a withdrawal, you will have to supply a valid photo ID and proof of address. When withdrawing to a credit card, you will also have to provide a copy of the front and back of the card you used to make the deposit.
Discover his trading journey, Pipcoin scandal, and FSCA comeback in 2025. Although UFX was initially licensed by CySEC under Reliantco Investments Ltd., the firm was penalized with fines totaling €100,000 for violations related to transparency and failure to maintain adequate compliance records. Established in 2007 in Cyprus, the UFX broker is the financial product of Reliantco Investment Limited. UFX has also partnered with Trading Central, which is one of the most important providers of financial research. UFX is a straight-through-processing or STP broker, which means this broker passes on your order directly to their liquidity provider without going through a Dealing Desk.
However, the other fees and costs are in line with what other popular brokers charge. The Standard account has a minimum deposit of $1,000 and a minimum trading volume of $10,000. With this account, you get access to everything the Mini account provides, as well as Exclusive updates.
If you want to test this broker’s services, our UFX review team is happy to report that an unlimited free demo account is available. The UFX team constantly strives to provide an excellent trading experience by developing outstanding proprietary research tools, a top-quality trading platform, and much more. The broker offers telephone support services in twenty-three different countries. Their commitment to providing high-quality customer support is the main reason they’ve been able to win many awards over the years. To make sure traders have an easy time depositing and withdrawing their funds, the broker supports various methods of payment.