fx central clearing
UFX
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
fx central clearing was founded in 2015 and is headquartered in Portugal, while UFX was established in 2007 and is based in Republic of Vanuatu. fx central clearing holds licences including Financial Conduct Authority (FCA), while UFX is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. fx central clearing serves 30,000+ clients worldwide; UFX has 10,000+. The minimum deposit is $250 at fx central clearing and $500 at UFX.
| Feature | fx central clearing | UFX |
|---|---|---|
| Min. Deposit | $250 | $500 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F234 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2015 | 2007 |
| Country | Portugal | Republic of Vanuatu |
| Clients | 30,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fx central clearing and UFX, directly affecting your bottom line as a trader. fx central clearing has a lower barrier to entry with a minimum deposit of $250 (vs $500 at UFX). UFX charges withdrawal fees while fx central clearing does not, giving fx central clearing an edge for frequent withdrawers. fx central clearing applies inactivity fees on dormant accounts; UFX does not. The two brokers are broadly comparable on fee structure.
| Feature | fx central clearing | UFX |
|---|---|---|
| Min. Deposit | $250 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
fx central clearing 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 fx central clearing does not offer. fx central clearing edges ahead on platform breadth and functionality in our scoring.
| Feature | fx central clearing | 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | 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 fx central clearing and UFX compare. fx central clearing runs regular live webinars; UFX does not. Both provide video tutorials. fx central clearing publishes daily market commentary; UFX does not. Both integrate third-party research tools. fx central clearing maintains an archive of past webinars for on-demand viewing. fx central clearing scores higher overall in education and research.
| Feature | fx central clearing | UFX |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fx central clearing accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while UFX supports 2 (bank transfer, credit/debit card). fx central clearing uniquely supports PayPal and Skrill and Neteller among the two brokers. fx central clearing scores higher on deposit and withdrawal flexibility.
| Feature | fx central clearing | UFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 fx central clearing and UFX offer live chat support. Both provide phone support. Email support is available at both brokers. fx central clearing supports 8 languages and UFX supports 2, giving fx central clearing broader global reach. Both brokers are comparable on support quality.
| Feature | fx central clearing | UFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |