Our Review Aims to Help Potential Investors in Making an Informed Decision when Choosing a Brokerage House

Starting off the bat with REGULATIONS: UFX is a Trade mark of Reliantco Investments Limited. It is a Cyprus Investment Firm authorized and regulated by CySEC (Cyprus Securities and Exchange Commission with license number 127/10. Their headquarters are in Limassol Cyprus, 139 Makarios Avenue, Zavos Business Center, 3rd Floor, 3021.

UFX is one of the oldest Brokerage House, founded in 2007 that won over the years many awards. Their mission is to empower and assist traders with powerful tools and cutting-edge online software.

UFX

For beginner traders UFX provides educational material, video tutorials, eBooks and 1-on-1 trading sessions on a DEMO. Keep in mind that those are just few of the basic features every broker provides. However, what makes UFX stand out from the crowd is the devotion and determination to help traders succeed. Experienced traders have the benefit of getting market updates in real time enhancing their trading strategy.

TERMS AND CONDITIONS

In a competitive financial market only a few brokers stand out in terms of services, trading experience and professionalism. I’ve done my research for the past two months digging all sorts of reviews.

Make sure you read terms and conditions before you start trading. Doing that will help you understand the risk involved and avoid future complains. However, you will need to agree and understand that for any transactions executed through the company’s trading platform, the Company is merely acting as the agent in matched principal trading arrangement”.

As a retail trader you need access to liquidity and a trading platform where UFX have the best deals out there. If you decided to follow a trading carrier or simply grow your capital UFX can help you achieve that and more.

Experienced traders will agree with me on this one!

When choosing a regulated broker, the first thing you want a low trading costs.

What you have to look for is mainly the spreads, swaps, rollover and leverage. Together we identified UFX as a regulated STP (Straight-Through-Processing) broker.

UFX provides five trading accounts, making it accessible for any level of investment

Micro account.

The minimum deposit on this account is $100.
It offers 24-hour support, access to a video library, as well as recommendations and daily reviews.

Mini account

This account requires a minimum deposit of $500. It also offers support 24 hours a day. It also provides traders with a video library, as well as recommendations and daily reviews. In addition, it offers a personalized training in trading.

Standard account

On this account, the minimum deposit is $1000.
In addition to the features of the Mini account, he offers training in VIP trading.

Gold account

This account requires a minimum deposit of $5000.
In addition to the features of other accounts, it gives access to the MT4 platform.
In addition, the platform offers a more significant: it sends you alerts by SMS.

Platinum UFX account

To open a Platinum account, you need a minimum deposit of $10000.
It also gives access to all the features offered by UFX.

Last but not least, Islamic account

This account facilitates trading for those who respect the rules of Shariah regarding interests. The account starts from a investment of $10000 and provides most of the benefits from all other accounts.

UFX

Now let’s talk UFX trading cost

Depending on the account type and instruments, spreads may differ. Starting from 2 pips on major currency pairs and as low as 50 pips on exotic pairs.

On commodities spreads are starting from 5 pips for Oil, 15 pips for Natural Gas and 50 pips for Gold. For indices spreads of 50 pips on S&P 500 and 450 pips on Dow Jones, on stocks spreads starting from 80 pips and cryptocurrencies spreads from 1 pip.

From a leverage point of view, UFX is compliant with the changes to European standards but splits beautifully in two categories.

Retail accounts with UFX benefits from leverage of 1:30 on major currency pairs, 1:10 on Oil and 1:20 for Gold. The professional accounts on the other hand still gets a leverage up to 1:400.

Swaps and rollovers are basically the interest rate retail traders will pay for open positions over night, those can be positive or negative swaps.

Trading Platforms and Payment Methods

UFX

UFX provides its traders with four platforms, tailor-made for both beginners and experience traders. ParagonEx Web Trader 4.0 is ideal for beginners and traders with limited time.

Easy, fast and secure payments with UFX, providing traders with many funding options most used one credit or debit card.

Concluding UFX Broker Review

Firstly, UFX is a STP regulated broker that provides education and advance trading strategies with 24h live support.

Secondly, a leverage of 1:400 will apply only for “professional” traders.

Overall the brokerage house can provide tight spreads and potentially the lowest trading cost.  

Various funding methods that are fast and secure, excellent Web Trader platform UFX deserves to be on Our Top List.

Like always I wish you Happy Trading and Every Success!

 

 

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