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UFX Broker Review

UFX Broker

UFX is a CySEC regulated forex broker. This broker highlights their dedication to provide only the best of services to their clients. UFX forex broker offers a wide variety of account types, competitive trading conditions, adherence to strict regulatory conditions and many other benefits that are supposedly going to help traders in their trading endeavours.

In this forex broker review we will be going over several important elements that we believe are crucial to all traders regardless of their trading experience. We will be mentioning the availability of the customer support service as well as the payment options that are on offer with UFX forex broker.

Account Features

There are a whooping six account types available with UFX:

  • Micro/mini
  • Mini
  • Standard
  • Gold
  • Platinum
  • Islamic

The account types all differ according to particular criteria which we will list below so it can be easier for you to make a decision on which one to open:

Micro/Mini:

  • Minimum Deposit – $100
  • Minimum Trading Volume – $250
  • Daily Market Reviews
  • Video Library
  • Daily Recommendations
  • 24h Live Support

Mini:

  • Minimum Deposit – $500
  • Minimum Trading Volume – $5,000
  • Daily Market Reviews
  • Video Library
  • Daily Recommendations
  • 24h Live Support
  • Personal Trading Coach

Standard

  • Minimum Deposit – $1,000
  • Minimum Trading Volume – $10,000
  • Daily Market Reviews
  • Video Library
  • Daily Recommendations
  • 24h Live Support
  • Personal Trading Coach
  • VIP Trading Support
  • Exclusive Updates

Gold

  • Minimum Deposit – $5,000
  • Minimum Trading Volume – $50,000
  • Daily Market Reviews
  • Video Library
  • Daily Recommendations
  • 24h Live Support
  • Personal Trading Coach
  • VIP Trading Support
  • Exclusive Updates
  • SMS Trading Alerts
  • Access to MT4 Platform

Platinum

  • Minimum Deposit – $10,000
  • Minimum Trading Volume – $100,000
  • Daily Market Reviews
  • Video Library
  • Daily Recommendations
  • 24h Live Support
  • Personal Trading Coach
  • VIP Trading Support
  • Exclusive Updates
  • SMS Trading Alerts
  • Access to MT4 Platform

Islamic

  • Minimum Deposit – $1,000
  • Minimum Trading Volume – $10,000
  • Daily Market Reviews
  • Video Library
  • Daily Recommendations
  • 24h Live Support
  • Personal Trading Coach

As you can see, UFX does not offer a Demo account which is something we are quite disappointed with considering the enormous benefits from using a Demo account. We strongly suggest this broker upgrade their service in the near future.

Trading Software & Assets

UFX review has shown that this broker has several platforms for traders:

ParagonEx Web Trader 4.0

This trading platform is completely web based and does not require any downloads, plugins or additional setups. All that is needed to have it up and running is to have an device with internet connectivity and basically any web browser you prefer. This particular software is an upgrade from the previous version of UFX’s web trader and as the website points out, there are many new features that were added to the delight of many forex traders.

UFX Trading App

This is a proprietary app design specifically for the traders whose aim is to be able to trade on the go. This is an important aspect of many traders lifestyles as this has become a standard of the trading industry. All the great features and tools that are available on the web trader are also available with this trading app for your mobile device. The UFX Trading App can be downloaded for both Android & iOS – completely free.

MetaTrader 4

We believe that this specific platform does not need any special introduction as it is one of the most popular trading platforms in the world. It offers many outstanding benefits and trading tools that are paramount for maximizing chances for profit. The MetaTrader4 is only available to traders who open the Platinum account.

Support Information

As we already mentioned, the customer support system is something that needs to be a top priority for any broker. UFX has several ways to offer support to their clients. Those traders who prefer to have a more personal contact are welcome to use the provided phone numbers. The website states that, although, the broker does not have offices in all of the countries they operate, UFX did provide a phone line for 24 countries.

Online chat is another great option for those who wish a more speedy answer to their question but do not feel the need to have a verbal conversation with the customer support. There is also the option of submitting a web form that can be found on the ‘Contact Us’ section of the website.

Banking & Company Information

This forex broker was founded in 2007 and quickly became regulated which shows its commitment to upholding strict standards for financial investments. UFX is regulated by the Cyprus Securities and Exchange Commission under the license number 127/10.

UFX offers an abundance of ways for traders to place their deposits or withdraw their profits. Payments are possible through the following means:

Neteller, Withdraw Your Funds, Sofort, ELV, iDEAL, CUP, Qiwi, WebMoney, paysafecard, Bitcoin, MasterCard, Neosurf, Visa, Maestro, Skrill, giropay, POLi, Visa Electron, Diners Club, Bank Transfer and CashU.