Skilling
UFX
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Overview
Skilling was founded in 2016 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. Skilling serves 5,000+ clients worldwide; UFX has 10,000+. The minimum deposit is $100 at Skilling and $500 at UFX.
| Feature | Skilling | UFX |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2016 | 2007 |
| Country | Cyprus | Republic of Vanuatu |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Skilling and UFX, directly affecting your bottom line as a trader. Skilling has a lower barrier to entry with a minimum deposit of $100 (vs $500 at UFX). UFX charges withdrawal fees while Skilling does not, giving Skilling an edge for frequent withdrawers. Overall, Skilling scores higher on fees in our assessment.
| Feature | Skilling | UFX |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Skilling offers MT4, MT5, cTrader, while UFX supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Skilling edges ahead on platform breadth and functionality in our scoring.
| Feature | Skilling | 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, Web Trader, 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 Skilling and UFX compare. Skilling runs regular live webinars; UFX does not. Both provide video tutorials. Skilling publishes daily market commentary; UFX does not. Both integrate third-party research tools. Skilling maintains an archive of past webinars for on-demand viewing. Skilling scores higher overall in education and research.
| Feature | Skilling | 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. Skilling 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 | Skilling | 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 Skilling 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 | Skilling | UFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |