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UFX Guide – Read our In-Depth UFX Review

This UFX review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this UFX review does not apply to US users.

This UFX review contains the most recent information about UFX.

If you're a new entrant in the world of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You will acquire adept at all of the concepts of broker as you continue trading. For starters, you need to choose the ideal broker who will be clear with you always.

In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan will generate hefty returns. UFX is just one such platform which will take you and your investment to great heights. It is crucial to understand about UFX before you trust them with your money.

UFX review

Our entire UFX Review covers everything you will need to learn about trading with UFX. A fantastic broker can multiply your initial investments and give you favorable profits. If you would like to earn profits, you must trade with a broker service that aligns with your investing goals.

There is no sure-fire way to ensure profits; thus, you must carefully assess your broker before you choose them. It is a common misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, initially, can set your investments in danger.

UFX is a broker that has found its way successfully into the brokerage world. In this review, we've tried to collate some of the important facets of UFX. This review will allow you to understand whether UFX is a fantastic fit for your investments or not. We've tried to breakdown all the qualities and charges for your convenience.

UFX Review, Table Of Contents

Who are UFX?

UFX is a forex broker headquartered in Republic of Vanuatu and provides a variety of instruments for online trading. Since its start in 2007, UFX has emerged as a top player in the industry of online brokerage. UFX has a highly competitive and full-featured trading site that's focused on forex, indices, metals, stocks and commodities.

Over the past 14 years, UFX has grown into one of the leading online brokers.

After establishing in 2007, their consumer base has become as big as 10,000+ clients.

UFX is the favorite of many dealers because of its negative balance protection. Our UFX review discovered that they are an superb choice for automated trading options. It's best suited for investors who are searching for an assortment of assets. Social and automated trading solutions are the heart at UFX.

Technology plays a substantial role at UFX. UFX offers trading on MT4, Web Trader, Tablet & Mobile apps. UFX is fair, transparent, and also a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.

The trader resource department at UFX is quite insightful for new dealers since it permits them to have a closer look at the financial markets. UFX caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.

Benefits of trading with UFX?

Trading with UFX comes with many benefits. These benefits are what sets UFX ahead of all other online agents. You need to check all the advantages listed so you have a better comprehension of UFX.

The agent goes to great lengths to understand what dealers want. As a result, the service cost is low, fast, and convenient. The agent also provides a variety of platforms for all types of traders. UFX helps to ensure that the individual needs of all online traders are duly met.

UFX also features excellent trading conditions that are available to just an elite class of institutional customers. The tight spreads and quick executions are a fantastic benefit for the traders. The technology embraced by UFX is of the highest caliber, ensuring that it is fast, dependable, and effective.

UFX acknowledges the significance of owning a fast order execution. A fast execution enables users to trade without worrying about slippage safely. It will also aid the traders to grab the maximum profitable opportunities.

Automated trading is another important facet of UFX. A new dealer can learn from industry experts utilizing the automatic trading option. The tight spread starts from as low as 0.0 pips, though they are available for just razor accounts.

UFX has over 100 trading instruments to support all kinds of traders. These instruments are dynamic and suitable for both new and experienced traders. The dealers can put aside all their worries when trading using UFX.

UFX overview

Year Founded: 2007

Regulated By: Cyprus Securities and Exchange Commission (CySEC)

Hedquarters: Republic of Vanuatu

Minimum Deposit: $500

Number Of Clients: 10,000+

Your capital is at risk

If you feel that UFX is not right for you then at the bottom of this UFX review you wil find a lot of alternatives to UFX.

Everything you ought to know about trading with UFX

UFX is a lively platform that offers various techniques of trading online. These instruments cover the financial markets substantially. Most of the broker platforms offer less methods than UFX

If you would like to exchange with UFX, you will need a minimum deposit of $500. This deposit is compulsory if you wish to begin trading with UFX. This 2021 UFX review will guide you clearly about trading with them.

UFX is as versatile as any other brokerage platform. UFX is excellent for traders who want a manageable range of cheap services. The programs supplied by UFX are third party, white-label offerings. All traders may choose out of MT4, Web Trader, Tablet & Mobile apps.

Together with everything, UFX has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade must be kept open. The agents offer premium client service that rewards customers with advantages.

Many less reputable brokers attempt to pressurise consumers into larger funding for premium services. UFX, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater advantages will become available.

UFX accounts are available all over the world and provides quality service everywhere they have clients. There are only a select few countries where UFX accounts are not available. Traders in the following countries cannot open or use a UFX account:

Is UFX Safe To Trade With?

Established in 2006, UFX has been in operation for 14 years, they are headquarted in Republic of Vanuatu.

UFX is regulated by Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that make sure that trading platforms have steps in place to maintain investor's assets procured. This usually means that UFX users do not need to worry about their money since it is segregated and safely stored in established banks. SSL encryption simplifies each user's private information as well.

You are able to make use of an option for Two Factor Authentications (2FA) with UFX for increased security. An SMS for the verification code will be sent to a phone. You will be asked to enter this code to log into your account.

Another concern with fiscal brokers with respect to security might be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is more widespread in the example of Market Maker brokers who compete with customers on the platform.

Pro's & Con's Of Trading With UFX

Every online trading platform has a few pros and cons UFX review would be complete without showing both sides. This UFX review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

UFX Pro's

  • UFX is trusted by 10,000+ clients
  • UFX offers Negative Balance Protection
  • UFX doesn't charge withdrawal fees
  • UFX doesn't charge deposit fees
  • UFX offer trading on MT4, Web Trader, Tablet & Mobile apps
  • UFX offer 100 trading instruments
  • UFX trades major forex pairs
  • UFX trades minor forex pairs
  • UFX trades exotic forex pairs
  • UFX offers trading on cryptocurrencies
  • UFX can communicate in

UFX Con's

  • UFX does not offer Guaranteed Stop Loss
  • UFX charge inactivity fees
  • UFX charge CFD fees

UFX Review - Compare Brokers Similar To UFX

UFX Alvexo Exness Interactive Investor
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $500 $0 $1 $1
Year Founded 2007 1993 2008 1995
Headquarters Republic of Vanuatu Cyprus Cyprus UK
Regulated By Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), licenced in Australia and Hong Kong for stockbroking and corporate finance activities Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ? e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF) Financial Conduct Authority (FCA)
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Losses can exceed deposits Losses can exceed deposits

UFX Review - Regulation And Licencing In More Detail

UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).

UFX, as a business, has a powerful collection of rules for ensuring fair trading onto its own platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).

As per the organization's privacy regulations, customer data is to not be shared with some other institutions or individuals. This includes credit history and other financial information.

UFX Review - Awards

    At the time of writing this UFX review, they had not received any awards.

UFX Review - Minimum Deposit Required

The minimum deposit that you need to begin on UFX is $500. This is an adequate amount for those just beginning. You can create more advanced deposits as you go along. But, ensure you know how to make the most of your cash before investing larger sums.

UFX Review - Commission And Fees Explained

UFX is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.

But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily three types of penalties for this objective.

The first kind of fees to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you are spending a spread, financing rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.

Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are people who are billed when you maintain a leveraged position for more than a day.

Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They are billed for operations like depositing money, not investing for lengthy periods, or withdrawals.

In general, UFX does not charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who often exchange, such as weekly or daily trading.

However, non-trading fees charged by UFX are comparatively greater. As a result, you're billed more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of resources.

This UFX review breaks down each of the applicable non-trading fees for you in detail.

Compare broker fees against UFX

UFX Alvexo Exness Interactive Investor
Minimum Deposit $500 $0 $1 $1
Withdrawal Fees No variable Yes No
Inactivity Fees Yes No We do not charge an inactivity fee as such, but our standard quarterly fee will be collected regardless of activity on the account.
Deposit Fees No Yes No
CFD Fees Yes $10- $30

UFX Review - Withdrawal Fees Explained

UFX doesn't charge withdrawal fees

Withdrawal of cash is possible at any time from your UFX account. You can withdraw up sums to the amount of your account balance, keeping aside the perimeter used. One thing to remember is that you don't always have to have any money on your accounts.

In addition, the withdrawn money will be moved directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn money is going to be sent into the card. UFX will ask you to offer other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you are choosing to withdraw in.

UFX Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your mind when open an account with UFX. An inactivity fee is an amount charged to registered traders who haven't engaged in purchasing or selling for a while. The period regarded as inactive is decided by the broker.

The inactivity fee also differs from 1 broker to another and isn't standardized. If a traders account doesn't have a purchasing or selling transaction, it is claimed by the broker as an inactivity fee. The traders have to pay this fee under terms and conditions that they had consented while registering.

UFX charges an inactivity fee when you don't make any trades for a while.

Even if no charges are indicated by UFX, it's better that you close the account if you're inactive. Inactivity fees are not just charged by broker companies but also many financial services.

For additional trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is subjected to a lot of conditions and needs to be revealed clearly by the broker beforehand.

UFX Review - Deposit Fees Explained

When you move money in your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this operation.

UFX doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the UFX trading platform is easy. You just have to complete a single-user profile questionnaire to begin depositing money into your trading account. You will have to give an identity proof and proof of residency to deposit large sums.

UFX Review - Compare Broker Deposit Methods

UFX Alvexo Exness Interactive Investor
Minimum Deposit $500 $0 $1 $1
Credit Card

What Can You trade With UFX?

Note: UFX provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may differ depending on the country of residence of the client.

UFX has a wide variety of over 100 instruments available for you to trade with.

If trading currency pairs is of interest to you then UFX offer over 50 forex pairs.

Compare UFX, Alvexo, Exness & Interactive Investor below.

UFX Alvexo Exness Interactive Investor
Platforms MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, ProTrader, Tablet & Mobile apps
Instruments Available 100 34 100 100
Forex & Crypto
Forex Pairs Available 50 110 15
Offers Major Forex Pairs? Yes Yes Yes
Offers Minor Forex Pairs? Yes No Yes
Offers Exotic Forex Pairs? Yes Yes Yes
Offers Cryptocurrencies? Yes Yes No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? Yes Yes No
Trade Energies? Yes Yes Yes
Trade Agricultural? Yes Yes Yes
Indiced & Stock CFDs
Stocks Offered 372 0 0 0
Trade UK Shares? Yes Yes No
Trade US Shares? Yes Yes No
Trade German Shares? Yes No No
Trade Japanese Shares? Yes No No

Your capital is at risk

Your capital is at risk

Losses can exceed deposits

Losses can exceed deposits

Alternatives To UFX

If, after reading this UFX review, UFX does not quite meet your requirements check out these UFX alternatives.

We have scoured the web to find the best alternatives to UFX. Click on the links below to learn more.

Frequently Asked Questions about UFX

Can I try UFX before I buy?

Yes, you can most certainly try UFX before you buy. UFX provides demo accounts for the convenience of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.

If you sign up for a demo account on UFX, you will set out using a decent amount of virtual money. It is to establish a feeling of safety and confidence in you until you choose to spend your own money.

With this virtual UFXdemo account, you are able to experiment in any way, to whatever length you desire. You can also start positions, examine different trading approaches, and more.

UFX specifies on its official website which you can exchange real time stocks with your demo account.

Is UFX safe?

It is possible to drop all your worries since we believe that UFX is completely safe to use. It is in compliance with the rules of Cyprus Securities and Exchange Commission (CySEC).

Nevertheless, UFX does not provide assured stop-loss protection.

Why does UFX ask for my passport?

The reason that UFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, UFX has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, UFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with UFX?

The process to start trading withUFX is perhaps simple enough to be a cakewalk. You need to begin by signing up on the UFX website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with UFX is $500. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with UFX.

The best way to kickstart your trading career with UFX is to open a demo account facility before risking any real money

What funding methods do UFX accept?

There are a number of ways to fund your account with UFX. The process is effortless and quick, with different payment methods at your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to bear in mind that PayPal isn't available in every place. The monies UFX

Is my money safe with UFX?

Yes, your cash is safe and secure with UFX. As you already know, UFX works with proper conformation to. It's established plenty of steps to guard all its investors.

UFX safeguards its clients' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.

If you want to further safeguard your account, you can enable Two-Step Verification also. It takes an SMS affirmation that you get your accounts.

Is UFX trading good?

Yes, trading via UFX is a nice and good experience indeed. It's an excellent and intuitive platform with useful features for your ease. Moreover, you could also obtain access to a huge collection of educational tools and assistive substance to kickstart your trading expertise.

If you remain skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform on your own.

Which Countries does UFX support?

UFX operates around the world. However, due to regulations there are some countries that UFX does not accept clients resident in

Is UFX legit?

UFX is a legit company headquarted in Republic of Vanuatu since 2007. They are regulated by Cyprus Securities and Exchange Commission (CySEC). UFX is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is UFX a good broker?

UFX is a great broker, and its users can vouch for this. The highlight of the platform is its fast order execution on trades.

You'll discover the clean layout of the platform along with the admirable features a pleasure to work with.

Is UFX a trustworthy broker?

Yes, UFX is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for UFX?

The minimum deposit to open a live account with UFX is $500

How long do UFX withdrawals take?

Normally, withdrawal of money from UFX is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from UFX to show in your bank account.

Are UFX regulated?

UFX are regulated by Cyprus Securities and Exchange Commission (CySEC)

Is UFX a market leading broker?

UFX is indisputably one of the business leaders. It supports over 10,000+ registered customers and over 14 years of expertise on its record. They're one of the world's leading trading platforms and a prominent figure in the Fintech revolution.

It simplifies this status to its incredible platform and wide range of tools plus resources so that you may put money into capital markets.

Is UFX a con?

No, UFX is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that UFX is not a scam.

Can you make money with UFX?

Through UFX, many traders earn a lot of cash. However, typically, through continual trading, you also can create between 2% - 10% profit a month.

This may seem like a small number, but within the year, this adds to a significant number of gains. While UFX supply you all the tools to make money, they can't guarantee you will profit.

Does UFX have fees?

Yes. To start trading with UFX, you have to deposit $500. Particular commissions while trading additionally apply. Any processing fees from your bank might have to be incurred by you.

When was UFX founded?

UFX was founded in 2007 in Republic of Vanuatu. UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).

How many people use UFX?

UFX is a globally recognised broker with 10,000+ clients.

Where is the UFX head office?

UFX has its head office in Republic of Vanuatu

Does UFX offer negative balance protection?

Yes, UFX has Negative Balance Protection. It's specially offered when the market volatility prevents clients from allowing their account go into the red. In a situation like this, UFX offers the ability to reset a clients account balance to zero.

You can go through the important terms and conditions on UFX's website to understand their policies.

Does UFX offer guaranteed stop loss?

UFX regrettably, does not provide guaranteed stop loss. UFX gives a chance for its traders to close their trade in their specified price. Aside from that, UFX doesn't offer guaranteed stop loss.

Does UFX allow scalping?

Yes, UFX do permit scalping. Many traders across the world select UFX due to their scalping services. They offer trading on MT4, Web Trader, Tablet & Mobile apps which allow this.

Does UFX allow hedging?

Yes, UFX does allow hedging.

Can you trade energies with UFX?

Yes, you can trade energy stocks with UFX

Can you trade agricultural shares with UFX?

Yes, you can trade agricultural stocks with UFX

Can you trade cryptocurrency with UFX?

Yes, you can trade cryptocurrency with UFX

Can you trade metals with UFX?

Yes, you can trade metals with UFX

Can you trade UK Shares with UFX?

Yes, you can trade UK shares with UFX

Can you trade US Shares with UFX?

Yes, you can trade US shares with UFX

Can you trade Japanese Shares with UFX?

Yes, you can trade Japanese shares with UFX

Can you trade German Shares with UFX?

Yes, you can trade German shares with UFX

Does UFX accept bank transfers?

No, UFX does not accept bank transfers.

Does UFX accept credit cards?

No, UFX does not accept credit cards.

Does UFX accept PayPal?

No, UFX does not accept PayPal.

Does UFX accept Skrill?

No, UFX does not accept Skrill.

Does UFX accept Payoneer?

No, UFX does not accept Payoneer.

Does UFX accept Neteller?

No, UFX does not accept Neteller.

Does UFX offer Live Chat customer support?

No, UFX does not offer customer support through live chat.

Does UFX offer phone customer support?

No, UFX does not offer customer support over the telephone.

Does UFX offer email customer support?

No, UFX does not offer customer support through email.

What languages can UFX communicate in?

UFX has the ability to communicate and support customers who speak:

Does UFX have a wikipedia page?

No, UFX does not have an official wikipedia page.

Does UFX offer demo accounts?

Yes, UFX offers demo accounts so you can learn their systems before risking any real money.