For those traders that prefer the highly popular and downloadable Metatrader4 system, it is also supported. The latest technology has also been used to ensure the utmost security, privacy, integrity and, if necessary, recovery of data. The entire back office is a STP (Straight Through Processing) shop with ECN connections for high-speed order executions at the best market price. No dealing desk ensures that UFX is always working on your behalf on trades. With state-of-the-art trading platforms, UFX aims to meet all its clients’ trading needs while offering stable and competitive spreads.
- UFX provides six different account types, Micro, Mini, Standard, Gold, Platinum & Islamic, and Risk-Free Demo account options.
- To open a trading account with Markets.com, you’ll need to make an initial minimum deposit of $100.
- If you are interested in trading CFDs, Markets.com offers traders access to 2179 CFDs, while UFX offers access to 619 CFDs; so Markets.com offers 1560 more CFDs than UFX.
- Gold, Platinum, and Islamic accounts are charged 2 pips; Standard at 3 pips; and Micro and Mini at 4 pips.
- Similarly, billion-dollar hedge funds and Investment banks use it.
- Finally, we found FOREX.com to provide better mobile trading apps.
Our broker ratings are also informed by the experience of our researchers during the evaluation process. UFX Global is a leading forex and CFD trading platform that is owned by Reliantco Investments LTD. In this 2023 review, we explain how to trade on UFX’s mobile app and explore the breadth of financial products, alongside any payments, fees, leverage and demo accounts. Six distinct account types are available, but none provides traders with a great choice. To get access to the MT5 trading platform, UFX asks for a minimum deposit of $5,000, while other brokers offer this platform for a much lower minimum deposit. Islamic accounts require a $10,000 deposit, the same as for the Platinum account.
With over 100 charts displayed across 21 timeframes, this trading platform can ensure that UFX clients do not lose money when trading forex. There are over eighty technical indicators to track every detail of the market. The trading platform also ufx com forex trading pacifies the high risk of investing in forex pairs by offering important news reports that improve the financial decisions of UFX clients. Advanced traders may receive alerts on trading signals which decode the trends and patterns in the market.
A responsive chat service from UFX should be a positive support experience for all UFX users, saving you from waiting days for an email response. While learning, you can also use global trading times to practice making live buy or sell trades using UFX. This hands-on experience can help you gain confidence and become more comfortable with trading.
However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms. UFX is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as UFX, one of the most critical factors to consider is the broker’s regulatory body and regulatory status.
Account Requirements
Finally, we would like to express our gratitude for the numerous opportunities provided to us, whether through internships, networking events, or guest lectures. These experiences have broadened our horizons and allowed us to gain invaluable insights from industry. We, the students of UFX Academy, would like to express our deepest gratitude for the transformative educational experience you have provided us.
UFX is a brokerage operational since 2010, is a broker that is fueled by its proprietary MassInsights Technology. All trades are reported to an EU verified trade register, resulting in 2.8 million unique trades submitted to the CME in 2018. A secure trading environment and reliable customer service are key offerings at UFX. 68.34% of retail traders operate accounts at a loss, slightly better than the average, and a positive performance. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
FP Markets Awarded Best Forex Trading Tools 2023 by FXScouts
In this review, UFX has been evaluated based on industry standards for being a forex trade specialist. UFX Global has a large asset offering of 500+ stocks, which makes it appealing to aspiring day traders. The brokerage also has 24/7 customer support, a demo account, access to Trading Central, and six account types. Yet compared to other providers, such as Plus 500, the company still has a lot to improve on to make it a top-rated income generator, including crypto trading and the suite of analysis tools. Compared to other brokers, UFX provides its clients with multiple options for processing their payments.
Opening an Account
We use dedicated people and clever technology to safeguard our platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. CFDs are leveraged products that incur a high level of risk and can result in the loss of all your capital and may therefore not be suitable for all investors. No further information is given on how long it takes for funds to reflect into an account whether it is being deposited or withdrawn.
Best Platforms
It offers over 500 tradable instruments in Forex, commodities, stocks, indices, and more. In our analysis of 23 international regulators across 62 of the best forex brokers, Markets.com is considered Highly Trusted, with an overall Trust Score of 96 out of 99. CFD trading on UFX allows traders to speculate on the price movements of various financial instruments against the broker UFX, without actually owning real assets. With CFDs, UFX traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
However, the typical time needed to process a withdrawal payment is 3-10 business days. This unlocks further benefits such as lower leverage restrictions and an account manager. However, clients will lose their eligibility for the Investor Compensation Fund (ICF). My dad invested with a guy called Dave Clarkson who was a senior account manager. My dad opened the account in march/April 2019 and Dave asked my father to trust him that he would make him money. My Dad only did one trade with guidance from this guy then he took over the account and my dad ceased hearing from him until he had drained the account to nothing.
The broker operates a Straight-through-Processing (STP) business model and, as such, does not take opposing positions to that of its clients’ trades. UFX is regulated by the Cyprus Securities & Exchange Commission (CySEC), with license number 127/1. UFX offers the full MetaTrader suite (MT4 and MT5) as well as its proprietary UFX Trader app. Though spreads at UFX are wider than the industry average, the broker does offer a growing selection of markets. That being said, and its own proprietary platform, as well as a growing selection of markets. That being said, UFX recently renounced it’s only regulatory license.
UFX Available Support Types
To open a trading account with FOREX.com, you’ll need to make an initial minimum deposit of $100. Determining the legitimacy of a forex broker (and avoiding forex scams) can be a real challenge. If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds. That being said, not all regulator licenses carry the same weight. Leveraged trading, in particular, is a high-risk activity that can result in losses. However, trading on a reliable trading platform such as UFX will significantly reduce your level of risk.
