UFX Guide – Read our In-Depth UFX Review
This UFX review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this UFX review does not apply to US users.
If you are a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You will acquire proficient at all of the concepts of brokerage since you continue trading. For starters, you need to choose the right broker who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan will create hefty returns. UFX is one such stage that will take you along with your investment to great heights. It's crucial to know about UFX until you trust them with your cash.
Our entire UFX Review covers everything you will need to learn about trading with UFX. A good broker can multiply your initial investments and provide you favorable profits. If you would like to make profits, you must trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully analyze your broker before you choose them. It's a common misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
UFX is a broker that has paved its way successfully to the broker world. Within this review, we've tried to collate a number of the vital facets of UFX. This review can help you to understand whether UFX is a fantastic fit for your investments or not. We have attempted to breakdown all of the features and fees for your convenience.
UFX Review, Table Of Contents
- Who are UFX?
- Benefits Of Trading With UFX
- Everything you should know about trading with UFX
- Is UFX Safe To Trade With?
- Pro's & Con's Of Trading With UFX?
- Compare Brokers Similar To UFX
- Regulation And Licencing In More Detail
- UFX Awards
- Minimum Deposit Required For A Live Account With UFX
- UFX Commission And Fees Explained
- Compare broker fees against UFX
- UFX Withdrawal Fees Explained
- UFX Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With UFX?
- Alternatives To UFX
- Frequently Asked Questions About UFX
Who are UFX?
UFX is a foreign exchange broker headquartered in Republic of Vanuatu and provides a range of instruments for trading. Since its inception in 2007, UFX has emerged as a leading player in the industry of online brokerage. UFX includes a highly aggressive and full-featured trading website that is focused on currency, indices, metals, shares, commodities.
Over the past 14 years, UFX has grown into one of the leading online brokers.
After establishing in 2007, their client base has become as big as 10,000+ clients.
UFX is the favorite of many traders because of its negative balance protection. Our UFX review found that they're an superb alternative for automated trading solutions. They're best suited for investors that are looking for an assortment of assets. Social and automated trading solutions are the heart at UFX.
Technology plays a substantial role at UFX. UFX offers trading on MT4, Web Trader, Tablet & Mobile apps. UFX is honest, transparent, and also a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The educational section at UFX is quite insightful for new dealers as it allows them to have a closer look at the financial markets. UFX caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.
If you feel that UFX is not right for you then at the bottom of this UFX review you wil find a lot of alternatives to UFX.
Everything you ought to know about trading using UFX
UFX is a lively platform that provides various methods of trading online. These tools cover the financial markets substantially. Most of the broker platforms provide fewer methods than UFX
If you want to exchange with UFX, you'll require a minimum deposit of $500. This deposit is required if you wish to begin trading with UFX. This 2021 UFX review will direct you clearly about trading with them.
UFX is as versatile as any other brokerage platform. UFX is great for traders who want a manageable range of low-cost services. The programs supplied by UFX are third party, white-label offerings. All traders may pick out of MT4, Web Trader, Tablet & Mobile apps.
Together with everything, UFX has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a transaction has to be kept open. The agents offer premium client service that rewards clients with benefits.
Many less reputable brokers attempt to pressurise users into bigger financing for superior services. UFX, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the further advantages will become available.
UFX accounts are available around the world and provides excellent service everywhere they have clients. There are only a select few countries where UFX accounts are not available. Traders in the following countries cannot open or use a UFX account:
Is UFX Safe To Trade With?
Established in 2007, UFX has been open for 14 years, they have a head office in Republic of Vanuatu.
UFX is regulated by Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that mandate that trading platforms have steps in place to maintain investor's assets secured. This usually means that UFX users don't need to worry about their money since it is segregated and safely kept in established banks. SSL encryption simplifies each user's personal information as well.
You are able to make use of an option for Two Factor Authentications (2FA) with UFX for heightened safety. An SMS with the verification code will be sent to your phone. You will be asked to enter this code to log into your accounts.
Another concern with financial brokers with respect to security might be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is much more widespread in the case of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With UFX
Every online trading platform has a few pros and cons UFX review would be complete without showing both sides. This UFX review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- UFX is trusted by 10,000+ clients
- UFX offers Negative Balance Protection
- UFX doesn't charge withdrawal fees
- UFX doesn't charge deposit fees
- UFX offer trading on MT4, Web Trader, Tablet & Mobile apps
- UFX offer 100 trading instruments
- UFX trades major forex pairs
- UFX trades minor forex pairs
- UFX trades exotic forex pairs
- UFX offers trading on cryptocurrencies
- UFX can communicate in
- UFX does not offer Guaranteed Stop Loss
- UFX charge inactivity fees
- UFX charge CFD fees
UFX Review - Compare Brokers Similar To UFX
|UFX||Admiral Markets||Interactive Brokers||Bell Direct|
|Headquarters||Republic of Vanuatu||UK||United States||New Zealand|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA)||Financial Markets Authority (FMA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Losses can exceed deposits||Your capital is at risk|
UFX Review - Regulation And Licencing In More Detail
UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).
UFX, as a company, has a powerful set of rules for ensuring fair trading onto its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
UFX Review - Awards
- At the time of writing this UFX review, they had not received any awards.
UFX Review - Minimum Deposit Required
The minimum deposit you need to begin on UFX is $500. This is a decent amount for those just starting out. It's possible to make more complex deposits as you go along. However, ensure that you understand how to make the most of your money before investing larger sums.
UFX Review - Commission And Fees Explained
UFX is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an internet broker is not necessarily affected by the number of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three types of fees for this purpose.
The first sort of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you are spending a spread, funding rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are those that are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake in your account. They are charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, UFX does not charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who regularly exchange, for example weekly or daily trading.
But, non-trading fees charged by UFX are relatively lower. As a result, you are billed more for non-trading actions on your trading account, such as deposits and withdrawal. These are not about the purchase and sale of assets.
This UFX review breaks down each of the applicable non-trading charges for you in detail.
Compare broker fees against UFX
|UFX||Admiral Markets||Interactive Brokers||Bell Direct|
|Withdrawal Fees||No||No||10 USD||variable|
UFX Review - Withdrawal Fees ExplainedUFX doesn't charge withdrawal fees
Withdrawal of money is possible at any time from your UFX account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't necessarily need to have any cash in your accounts.
Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn cash will be sent into the card. UFX will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you're choosing to draw in.
UFX Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your mind while open an account with UFX. An inactivity fee is an amount charged to registered traders who have not participated in buying or selling for a while. The period considered inactive is decided by the broker.
The inactivity fee differs from 1 broker to another and is not standardized. If a traders account does not have a purchasing or selling trade, it's maintained by the agent as an inactivity fee. The traders need to pay this fee under conditions and terms that they had consented while enrolling.
UFX charges an inactivity fee if you don't make any trades for a while.
Even if no charges are implied by UFX, it's better that you close the account if you're inactive. Inactivity fees are not just charged by broker firms but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you have selected. The inactivity fee is exposed to a lot of circumstances and needs to be revealed clearly by the broker beforehand.
UFX Review - Deposit Fees Explained
When you transfer money in your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this operation.
UFX doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the UFX trading platform is simple. You simply need to finish a single-user profile survey to begin depositing money into your trading account. You'll have to provide an identity proof and proof of residency to deposit substantial amounts.
UFX Review - Compare Broker Deposit Methods
|UFX||Admiral Markets||Interactive Brokers||Bell Direct|
What Can You trade With UFX?
Note: UFX provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered can differ based on the country of residence of the client.
UFX has a wide variety of over 100 instruments available for you to trade with.
If trading currency pairs is of interest to you then UFX offer over 50 currency pairs.
Compare UFX, Admiral Markets, Interactive Brokers & Bell Direct below.
Alternatives To UFX
If, after reading this UFX review, UFX doesn't fulfill your requirements check out these UFX alternatives.
We've scoured the internet to find the best alternatives to UFX. Click the links below to learn more.
Frequently Asked Questions about UFX
Can I try UFX before I buy?
Yes, you can most certainly try UFX before you buy. UFX offers demo accounts for the ease of inexperienced traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demonstration account on UFX, you may set out with a decent amount of virtual money. It is to establish a feeling of security and confidence in you before you decide to invest your own money.
With this virtual UFXdemo account, you are able to experiment at all, to whatever period you wish. You can also start positions, test different trading approaches, and more.
UFX specifies on its official site that you are able to exchange real time stocks in a demo account.
Is UFX safe?
You can drop all your worries since we believe that UFX is totally safe to use. It's in compliance with all the rules of Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, UFX does not provide assured stop-loss protection.
Why does UFX ask for my passport?
The reason that UFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, UFX has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, UFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with UFX?
The process to start trading withUFX is perhaps simple enough to be a cakewalk. You need to begin by signing up on the UFX website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with UFX is $500. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with UFX.
The best way to kickstart your trading career with UFX is to open a demo account facility before risking any real money
What funding methods do UFX accept?
There are multiple methods to fund your account with UFX. The process is effortless and quick, with different payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to bear in mind that PayPal isn't available in every country. The monies UFX
Is my money safe with UFX?
Yes, your money is safe and protected with UFX. As you already know, UFX works with proper conformation to. It's established lots of steps to guard all its own investors.
UFX safeguards its customers' personal and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further safeguard your account, you can empower Two-Step Verification as well. It requires an SMS affirmation that you get your account.
Is UFX trading good?
Yes, trading via UFX is a nice and decent experience indeed. It's a great and intuitive platform with helpful features for your ease. In addition, you could even gain access to a huge collection of educational resources and assistive material to kickstart your trading experience.
If you are still skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries does UFX support?
UFX operates across the world. However, due to regulations there are some countries that UFX does not accept clients resident in
Is UFX legit?
UFX is a legit company headquarted in Republic of Vanuatu since 2007. They are regulated by Cyprus Securities and Exchange Commission (CySEC). UFX is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is UFX a good broker?
UFX is a great broker, and its users can vouch for this. The highlight of this platform is its quick order execution on transactions.
You'll find the clean layout of the platform along with the commendable features that a pleasure to work with.
Is UFX a trustworthy broker?
Yes, UFX is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for UFX?
The minimum deposit to open a live account with UFX is $500
How long do UFX withdrawals take?
Normally, withdrawal of money from UFX is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from UFX to show in your bank account.
Are UFX regulated?
UFX are regulated by Cyprus Securities and Exchange Commission (CySEC)
Is UFX a market leading broker?
UFX is currently among the industry leaders. It has over 10,000+ registered customers and over 14 years of experience on its own record. They are among the world's top trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad selection of resources plus tools so you may put money into capital markets.
Is UFX a con?
No, UFX is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that UFX is not a scam.
Can you make money with UFX?
Using UFX, several traders make a lot of cash. But on average, through continual trading, you also can make between 2% - 10% profit a month.
This may seem to be a little number, but over the year, this adds to a substantial number of gains. Even though UFX provide you all the tools to make money, they can't guarantee that you will profit.
Does UFX have fees?
Yes. To begin trading using UFX, you need to deposit $500. Particular commissions while trading additionally apply. Any processing fees from your bank might have to be incurred by you.
When was UFX founded?
UFX was founded in 2007 in Republic of Vanuatu. UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).
How many people use UFX?
UFX is a globally recognised broker with 10,000+ clients.
Where is the UFX head office?
UFX has its head office in Republic of Vanuatu
Does UFX offer negative balance protection?
Yes, UFX has Negative Balance Protection. It is especially offered while the industry volatility prevents clients from letting their account go into the red. In a situation like this, UFX provides the ability to reset a customers account balance to zero.
You can go through the critical terms and conditions on UFX's website to comprehend their policies.
Does UFX offer guaranteed stop loss?UFX unfortunately, doesn't offer guaranteed stop loss. UFX provides a chance to its dealers to close their trades in their given price. Aside from that, UFX does not provide guaranteed stop loss.
Does UFX allow scalping?Yes, UFX do permit scalping. Many traders across the world choose UFX for their scalping services. They offer trading on MT4, Web Trader, Tablet & Mobile apps which allow this.
Does UFX allow hedging?
Yes, UFX does allow hedging.
Can you trade energies with UFX?
Yes, you can trade energy stocks with UFX
Can you trade agricultural shares with UFX?
Yes, you can trade agricultural stocks with UFX
Can you trade cryptocurrency with UFX?
Yes, you can trade cryptocurrency with UFX
Can you trade metals with UFX?
Yes, you can trade metals with UFX
Can you trade UK Shares with UFX?
Yes, you can trade UK shares with UFX
Can you trade US Shares with UFX?
Yes, you can trade US shares with UFX
Can you trade Japanese Shares with UFX?
Yes, you can trade Japanese shares with UFX
Can you trade German Shares with UFX?
Yes, you can trade German shares with UFX
Does UFX accept bank transfers?
No, UFX does not accept bank transfers.
Does UFX accept credit cards?
No, UFX does not accept credit cards.
Does UFX accept PayPal?
No, UFX does not accept PayPal.
Does UFX accept Skrill?
No, UFX does not accept Skrill.
Does UFX accept Payoneer?
No, UFX does not accept Payoneer.
Does UFX accept Neteller?
No, UFX does not accept Neteller.
Does UFX offer Live Chat customer support?
No, UFX does not offer customer support through live chat.
Does UFX offer phone customer support?
No, UFX does not offer customer support over the telephone.
Does UFX offer email customer support?
No, UFX does not offer customer support through email.
What languages can UFX communicate in?
UFX has the ability to communicate and support customers who speak:
Does UFX have a wikipedia page?
No, UFX does not have an official wikipedia page.
Does UFX offer demo accounts?
Yes, UFX offers demo accounts so you can learn their systems before risking any real money.