FreshForex
UFX
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while UFX was established in 2007 and is based in Republic of Vanuatu. FreshForex holds licences including SVGFSA 20623 IBC 2012, while UFX is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. FreshForex serves 710,000+ clients worldwide; UFX has 10,000+. The minimum deposit is $1 at FreshForex and $500 at UFX.
| Feature | FreshForex | UFX |
|---|---|---|
| Min. Deposit | $1 | $500 |
| Regulation | SVGFSA 20623 IBC 2012 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2004 | 2007 |
| Country | Russia | Republic of Vanuatu |
| Clients | 710,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and UFX, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $500 at UFX). UFX charges withdrawal fees while FreshForex does not, giving FreshForex an edge for frequent withdrawers. Overall, FreshForex scores higher on fees in our assessment.
| Feature | FreshForex | UFX |
|---|---|---|
| Min. Deposit | $1 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, a proprietary platform, while UFX supports MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. UFX edges ahead on platform breadth and functionality in our scoring.
| Feature | FreshForex | UFX |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | 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 FreshForex and UFX compare. FreshForex runs regular live webinars; UFX does not. Both provide video tutorials. FreshForex publishes daily market commentary; UFX does not. UFX integrates third-party research tools (Autochartist); FreshForex does not. FreshForex maintains an archive of past webinars for on-demand viewing. FreshForex scores higher overall in education and research.
| Feature | FreshForex | UFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while UFX supports 2 (bank transfer, credit/debit card). FreshForex uniquely supports Skrill and Neteller among the two brokers. FreshForex scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | UFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FreshForex and UFX offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and UFX supports 2, giving UFX broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | UFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |