ETFinance
UFX
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Overview
ETFinance was founded in 2018 and is headquartered in Cyprus, while UFX was established in 2007 and is based in Republic of Vanuatu. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. ETFinance serves 10,000+ clients worldwide; UFX has 10,000+. The minimum deposit is $215 at ETFinance and $500 at UFX.
| Feature | ETFinance | UFX |
|---|---|---|
| Min. Deposit | $215 | $500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2018 | 2007 |
| Country | Cyprus | Republic of Vanuatu |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ETFinance and UFX, directly affecting your bottom line as a trader. ETFinance has a lower barrier to entry with a minimum deposit of $215 (vs $500 at UFX). UFX charges withdrawal fees while ETFinance does not, giving ETFinance an edge for frequent withdrawers. ETFinance charges deposit fees; UFX does not. The two brokers are broadly comparable on fee structure.
| Feature | ETFinance | UFX |
|---|---|---|
| Min. Deposit | $215 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
ETFinance offers MT4, MT5, cTrader, while UFX supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. UFX supports social and copy trading features, which ETFinance does not offer. ETFinance edges ahead on platform breadth and functionality in our scoring.
| Feature | ETFinance | UFX |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,iOS,MacBook,iPhone | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ETFinance and UFX compare. ETFinance runs regular live webinars; UFX does not. Both provide video tutorials. ETFinance publishes daily market commentary; UFX does not. Both integrate third-party research tools. ETFinance maintains an archive of past webinars for on-demand viewing. ETFinance scores higher overall in education and research.
| Feature | ETFinance | UFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ETFinance accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while UFX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | ETFinance | UFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ETFinance and UFX offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | ETFinance | UFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |