ufx Review

99
  • Straight Through Processing (STP) protocols
  • Negative Balance Protection
  • One of the Best Brokers in the Foreign Exchange industry
Visit ufx

Regulated

Founded: 2007
Languages:
Welcome Bonus:
Supported Apps:

Overview

Formed in 2007, UFX has become one of the best brokers in the Foreign exchange industry. The company is often regarded as one of the major players that catapulted the forex industry to the relevance it holds in the current economy.

Since its inception over a decade ago, UFX has garnered several accolades for its state-of-the-art approach towards the industry as well as its excellent service. The users of UFX’s services are so used to its web-based inventive trading platform ParagonEx that even the choice of any other platform would seem repugnant.

ParagonEx delivers its services via STP/ECN protocols ensuring a swiftness in order execution that is not often found on dealing desks. The spreads are fixed but industry-grade and vary on the basis of the type of account. This kind of segregation is beneficial for people looking for long-term high deposits.

UFX also provides you with the option of trading with the old and reliable MetaTrader 4 (MT4) platform. The platform also offers a technology called MassInsightsTM Technology that allows users of the platform to take advantage of the emerging market sentiment and trends with resourceful visuals.

The asset list of UFX consists of 7 indices, 8 commodities, 12 ETFs, 51 currency pairs, and 171 stocks amounting to a total of close to items. To top all this, their management is actively working to make your trading experience convenient and reliable. However, users from the US cannot use UFX at this time.

 

Benefits

Apart from offering a range of services and a rich platform for traders, UFX offers six types of user accounts. They include Islamic, Platinum, Gold, Silver, Mini, and Micro/Mini. The minimum deposit amount to open a new account is $500 (for Mini account) and up depending on the account you prefer, but the company also provides a demo account if you need to test the waters before you make the jump.

The deposits are kept safely in European banks of the highest regard. The web-based platforms are sturdy and secure and are capable of dealing with your trading problems. They also have aremarkable support team that helps users stuck in a problem.

UFX offers cashback rewards, among other bonuses, to loyal traders on its platform. The trade executions are speedy and, thus, prevent leakage or re-quotes. They also have a lot of resource for people willing to learn the craft of trading. UFX leverage can be as high as 400:1 for certain assets and its spreads compete among the best in the industry.

 

Features

The trading platform at UFX consists of a mix of old & trusted, and new & ambitious. For traders who prefer on the older systems that they have entrusted over the years, the firm offers support for the downloadable MetaTrader 4 platform.

However, the company would much prefer if you employed its proprietary award-winning platform, ParagonEx. One of the major selling points of the platform is that you don’t need to download it as the application is web-based. They also enable their users to be aware of what the market is thinking via its MassInsightsTM Technology and allow them to be ahead of the curve.

UFX employs Straight Through Processing (STP) protocols, and Electronic Communication Network (ECN) connections to ensure the order-executionis done at a high-speed in order to leverage the best market price.

MassInsightsTM Technology is another one of UFX’s standout features that display a reversal in an asset’s direction. UFX also has a Volatility Spotted feature as well that measures the SELL/BUY movement of assets and notifies any unusual activity to the users. These two features work in tandem to provide you with a sharper take on the market movements and, thus, help you make a better choice.

Other features include additional displays like Going Up, Volume Growth, and Going Down as well as a live-posting of an economic calendar of market news and events. Moreover, UFX also uses negative balance protection, fixed spreads, and funds are preserved in separate accounts.

 

Cfd Trade

UFX provides an extensive range of trading options concerning Contract for difference (CFD) trade that includes commodities, indices, ETFs, stocks, and currency pairs. Additionally, it offers the options with considerable leverage and flexible spreads.

 

Forex Trade

UFX already employs the most frequently used Forex trading platform, MetaTrader 4. The platform is known for its accessibility and features across the industry. One should be cautious, however, that the platform is restricted to users of the accounts UFX Platinum and Gold.

One of the major standoutfeatures of its Forex trading is that UFX offers a loyalty program that provides cash back for every trade. The foreign exchange trades can also be performed by its proprietary ParagonEx platform. Their educational tools consist of guides, both advanced and beginner, for people interested in Forex trading.

 

Crypto Trade

UFX allows for trade deposits to be made in the form of Bitcoin, Bitcoin Gold, Ethereum, Bitcoin Cash, Litecoin, Ripple and several other major and exotic crypto-currencies,thus, potentially saving traders a disproportionate amount of fees to retain and use their accounts.Bitcoin assets are also offered to traders interested in the digital currency.

 

Social Trade

Plus500

AvaTrade

UFX

Spread from:

$9.00

$7.00

$40.00

Usual overnight fee:

$0.00

$0.00

$0.00

Commission:

$0.00

$0.00

$0.00

Complete cost of a 100k trade:

$9

$7

$40

(+$31 saving) (+$33 saving)

 

Support Services

For newbies, UFX assigns a personal account manager in order to bring them up-to-date on the subject of trading and enhance their experience. The platform has a customer service in the form of live chat, a 24x7 email chat, and, if you prefer the old way, they also have about two dozen phone numbers across the globe toll-free.

Furthermore, the company has an all-inclusive educational center that offers important features such as daily market review, a financial calendar,daily video reviews, trading ideas, educational tutorials, analysis, and news commentary.

 

Conclusion

It can be said that UFX is one of the few trader-friendly brokers in the industry but that would be an understatement. Its wide array of features, stocks, and indices for Forex, crypto, and CFD trading is one of the best of the industry.

There is no doubt in my mind that its trading platform, coupled with the fact that they have so much to offer to newcomers, and a great customer service makes it one of the, if not the best option for a trader. Try a demo and see for yourself!

 


What We Like

 

What We Like Less

 

 

DISCLAIMER

topcryptotrade.com aims to provide useful and reliable information about all of the online crypto websites we review.

Terms may change frequently, and despite our best efforts it is possible that some information may be out of date, therefore we recommend consulting the provider's official website for exact pricing. To maintain this website as a free resource, we utilize links that provide us with compensation for referring you.

We are independently owned and the opinions expressed here (Except user's opinions) are our own.

 

 

Looking for more information?

Visit ufx

The Featured Services Have Been Recommended By: