UFX Guide – Read our In-Depth UFX Review
UFX Rating: 4.73 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You will acquire proficient at all of the concepts of brokerage since you continue trading. For starters, you have to select the ideal broker who'll be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program will generate hefty returns. UFX is one such stage which will take you along with your investment into great heights. It's important to understand all about UFX until you trust them with your cash.
UFX Review – Quick Overview
UFX Telephone Number:
UFX Email Address:
Cyprus Securities and Exchange Commission (CySEC)
Republic of Vanuatu
Number Of Clients:
10,000+ UFX users and traders
UFX Facebook Likes:
UFX Twitter Followers:
UFX Instagram Followers:
Your capital is at risk
|UFX Telephone Number:|
|UFX Email Address:|
|Regulated By:||Cyprus Securities and Exchange Commission (CySEC)|
|Hedquarters:||Republic of Vanuatu|
|Number Of Clients:||10,000+ UFX users and traders|
|UFX Facebook Likes:||0|
|UFX Twitter Followers:||0|
|UFX Instagram Followers:||0|
Your capital is at risk
Our full UFX Review covers all you will need to learn about trading using UFX. A good agent can multiply your initial investments and provide you favourable profits. If you want to earn profits, you should trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully assess your agent before you select them. It is a common misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
UFX is a broker which has forged its way successfully to the brokerage world. Within this review, we've attempted to collate some of the vital facets of UFX. This review can allow you to know whether UFX is a good fit for your investments or not. We've attempted to breakdown all the features and charges 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?
- UFX Risk Disclaimer
- 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?
- UFX Customer Support
- Alternatives To UFX
- Frequently Asked Questions About UFX
Who are UFX?
UFX is a forex broker headquartered in Republic of Vanuatu and provides a variety of tools for online trading. Since its start in 2007, UFX has emerged as a leading player in the field of online broker. UFX includes a highly aggressive and full-featured trading site that's focused on currency, indices, metals, stocks , commodities.
Over the past 14 years, UFX has grown into one of the leading online brokers.
After establishing in 2007, their consumer base has become as large as 10,000+ clients.
UFX is the favourite for 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 who are searching for an assortment of assets. Social and automated trading options are the heart at UFX.
Technology plays a significant role at UFX. UFX offers trading on MT4, Web Trader, Tablet & Mobile apps. UFX is fair, transparent, and a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.
The educational department at UFX is quite insightful for new traders since it allows them to have a closer look at the financial markets. UFX caters to all sorts of traders and are a must-have broker for 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 should know about trading using UFX
UFX is a dynamic platform that offers various techniques of trading. These tools cover the financial markets considerably. Most of the broker platforms offer fewer methods than UFX
If you wish to trade with UFX, you'll need a minimum deposit of $500. This deposit is mandatory if you wish to start trading with UFX. This 2021 UFX review will guide you clearly about trading with them.
UFX is as versatile as any other brokerage platform. UFX is great for traders that want a manageable range of low-cost services. The programs provided by UFX are third party, white-label offerings. All traders can pick from MT4, Web Trader, Tablet & Mobile apps.
Along with everything, UFX has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction has to be kept available. The brokers provide premium customer service which rewards clients with advantages.
Many unethical brokers attempt to pressurise consumers into larger financing for superior services. UFX, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater advantages will become available.
UFX accounts are available globally and provides excellent service everywhere they have customers. There are some select few countries where UFX accounts are not available. Traders in the following countries cannot open or use a UFX account:
BR, KR, IR, IQ, SY, JP, US
Is UFX Safe To Trade With?
Established in 2007, UFX has been in operation for 14 years, they are headquarted in Republic of Vanuatu.
UFX is regulated by Cyprus Securities and Exchange Commission (CySEC). These figures have rules that ensure that trading platforms have steps in place to keep investor's resources secured. This means that UFX users don't need to worry about their money as it is segregated and safely kept in banks that are established. SSL encryption secures every user's private information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with UFX for increased safety. An SMS with the confirmation code will be sent to your mobile phone. You will be required to input this code to log in to your accounts.
Another concern with financial brokers is in regards to security might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is much more widespread in the example of Market Maker brokers who compete with customers on the stage.
UFX Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With UFX
Every online trading platform has some pros and cons UFX review would be complete without having a balanced approach. 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 inactivity fees
- UFX doesn't charge deposit fees
- UFX doesn't charge CFD fees
- UFX offers social trading
- 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 English, and Chinese
- UFX does not offer Guaranteed Stop Loss
- UFX has high minimum deposit requirements
- UFX charge withdrawal fees
- UFX doesn't offer copy trading
- UFX doesn't offer trailing stop
UFX Review - Compare Brokers Similar To UFX
|Rating||4.73 / 10||6.85 / 10||6 / 10||5.85 / 10|
|Headquarters||Republic of Vanuatu||Vanuatu||Mauritius||St. Vincent and the Grenadines|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Vanuatu Financial Services Commission (VFSC)||VFSC (15008)||Unregulated|
|Find Out More|
|Risk Warning||Your capital is at risk||Foreign exchange trading carries a high degree of risk.||Trading in financial markets including but not limiting to foreign exchange on margin, cryptocurrencies, CFD trading on stocks etc, carries a high level of risk, and may not be suitable for all investors.||Trading leveraged products such as Forex and Cryptos may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice.|
UFX Review - Regulation And Licencing In More Detail
UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).
UFX, as a business, has a strong set of rules for ensuring fair trading on its own platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer information is never to be shared with some other institutions or individuals. Including credit history and other financial information.
UFX Review - AwardsAt the time of writing this UFX review, and despite UFX’s impressive offering, the company has surprisingly not garnered any other awards to date.
UFX Trading Platforms
UFX are a professional trading platform that has been trading for over 14 years. They offer a large range of options in their user accounts.
Below we take the main parts of any professional online trading platform and compare UFX with AccentForex, NordFX, and Hugos Way
UFX Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on UFX is $500. This is an adequate amount for those just beginning. You can make more advanced deposits as you cooperate. But, ensure that you understand how to make the most of your money before investing larger amounts.
UFX Review - Commission And Fees Explained
UFX is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an online broker isn't necessarily influenced by the number of customers they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three different types of fees for this purpose.
The first sort of charges to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In such instances, you are paying a spread, financing speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those who are charged when you hold a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake in your account. They're charged for services like depositing cash, not investing for lengthy periods, or withdrawals.
In general, UFX does not charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who often exchange, for example daily or weekly trading.
But, non-trading fees charged by UFX are comparatively lower. As a result, you're billed more for non-trading activities in your trading account, such as withdrawal and deposits. These aren't about the purchase and sale of resources.
This UFX review breaks down every one of the relevant non-trading charges for you in detail.
Compare broker fees against UFX
UFX Review - Withdrawal Fees Explained
UFX charges a withdrawal fee when you make a bank transfer. Each time you move money back into your bank account, these withdrawal charges become applicable.
Withdrawal of cash is possible at any time from the UFX account. It's possible to draw sums up to the amount of your account balance, keeping aside the margin utilized. One thing to remember is that you don't necessarily need to have any cash on your account.
Moreover, the withdrawn money will be moved directly to the account you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn money is going to be sent to the card. UFX will ask you to provide 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 applicable. The conversion fee will be dependent on the money you are opting to withdraw in.
UFX Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind when open an account with UFX. An inactivity fee is an amount charged to registered dealers that haven't participated in buying or selling for a while. The period considered inactive is decided by the broker.
The inactivity fee differs from one agent to another and isn't generalized. If a dealers account does not have a buying or selling transaction, 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 registering.
UFX doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no charges are implied by UFX, it is best that you close the account if you are inactive. Inactivity fees are not just charged by broker firms but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is subjected to many circumstances and needs to be revealed clearly by the broker beforehand.
UFX Review - Deposit Fees Explained
When you move money into your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of 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 money on the UFX trading platform is simple. You just need to complete a single-user profile survey to start depositing money into your trading account. You will need to give an identity proof and evidence of residency to deposit large sums.
UFX Review - Compare Broker Deposit Methods
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 may 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, AccentForex, NordFX & Hugos Way below.
Reviewing The UFX Mobile App
Note: UFX's mobile app has a lot of functionality and is being constantly developed. What follows was correct at the time of writing this UFX review.
Understand the capabilities of the mobile apps of UFX, AccentForex, NordFX & Hugos Way below.
UFX Customer Support
In this UFX review we understood the options for customer service including response times, and the UFX trading platform problems solution effectiveness. UFX supports many languages including English, and Chinese.
UFX Live Chat Support
We have tested the live chat on UFX, and it was very effective. We sent messages through the UFX livechat via their website and app and recieved a response within 20 seconds. Sometimes there was no response.
We have tested communication with UFX support in multiple languages and in various countries. UFX were capable of resolving our client's problems.
UFX Phone Support
We called UFX and the call was answered extremely promptly. The call was answered within less than five to ten minutes.
The UFX phone support team was able to successfuly answer our queries and problems via phone. We tested the multilingual UFX team by making calls in various languages. UFX made an effort to ensure all of our questions were answered.
The overall support via phone from UFX was okay.
UFX Email Support
We sent several email to UFX and the response times were all acceptable. The fastest email response from UFX was 4 hours, while the slowest response was 12 days! There were times when there were no responses. Response times to support may differ for you with UFX, but this was our experience sending out 10 emails at various times.
The team was able to resolve and answer our queries. The overall average of email support provided by UFX was good.
Alternatives To UFX
If, after reading this UFX review, they do not quite meet your requirements check out these UFX alternatives.
We've scoured the internet to find the best alternatives to UFX. Click on the hyperlinks below to find out more.
Frequently Asked Questions about UFX
Can I try UFX before I buy?
Yes, you can most definitely try UFX before you buy. UFX offers demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demo account on UFX, you will set out with a decent amount of virtual money. It is to establish a feeling of security and confidence in you before you choose to invest your own money.
With this virtual UFXdemo account, you are able to experiment in any way, to whatever period you desire. You might also start positions, examine different trading strategies, and more.
UFX specifies on its official website that you are able to exchange real time stocks with your demo account.
Is UFX safe?
You can drop all your worries since we believe that UFX is perfectly safe to use. It is in compliance with all the rules of Cyprus Securities and Exchange Commission (CySEC).
Even so, 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 account with UFX is $500. You should have a good understanding of the details 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 various payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to keep in mind that PayPal isn't available in all place. The currencies UFX
Is my money safe with UFX?
Yes, your cash is safe and secure with UFX. As you know, UFX works with good conformation to. It has established plenty of measures to protect all of its investors.
UFX protects its clients' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further protect your accounts, you can empower Two-Step Verification also. It requires an SMS affirmation that you access your accounts.
Is UFX trading good?
Yes, trading through UFX is a nice and good experience indeed. It is a great and intuitive platform with useful features for your ease. In addition, you could even gain access to a huge selection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, you can open a eToro demo account and assess the credibility of the platform for yourself.
Which Countries does UFX support?
UFX operates around the globe. However, due to regulations there are some countries that UFX can't accept clients resident in BR, KR, IR, IQ, SY, JP, US
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 own users may vouch for this. The highlight of this platform is its quick order execution on trades.
You'll find the clean layout of the platform and 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 supports over 10,000+ registered customers and over 14 years of expertise on its own record. They are among the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and wide range of tools plus resources so that you can 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?
Through UFX, several traders earn a lot of cash. However, typically, through consistent trading, you can create between 2% - 10% profit a month.
This may seem to be a little number, but within the entire year, this adds to a significant number of gains. Even though UFX supply you all of the tools to make money, they cannot guarantee that you will gain.
Does UFX have fees?
Yes. To begin trading using UFX, you have to deposit $500. Particular commissions while trading additionally applies. Any processing fees from your bank might need 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 agent with 10,000+ customers.
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's especially offered when the market volatility keeps clients from letting their accounts go in the red. In a situation like this, UFX provides the ability to reset a clients account balance to zero.
You are able to go through the important terms and conditions on UFX's website to comprehend their policies better.
Does UFX offer guaranteed stop loss?UFX regrettably, does not provide guaranteed stop loss. UFX provides a chance to its traders to close their trade at their specified price. Apart from this, UFX does not provide guaranteed stop loss.
Does UFX allow scalping?Yes, UFX do allow 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?
Yes, UFX accepts bank transfers for depositing money.
Does UFX accept credit cards?
Yes, UFX accepts credit cards for depositing money.
Does UFX accept PayPal?
No, UFX does not accept PayPal.
Does UFX accept Skrill?
No, UFX does not accept Skrill.
Does UFX accept Payoneer?
Yes, UFX accepts Payoneer for depositing money.
Does UFX accept Neteller?
No, UFX does not accept Neteller.
Does UFX offer Live Chat customer support?
Yes, UFX offers customer support through live chat.
Does UFX offer phone customer support?
Yes, UFX offers customer support over the telephone.
Does UFX offer email customer support?
Yes, UFX offers customer support through email.
What languages can UFX communicate in?
UFX has the ability to communicate and support customers who speak: English, and Chinese
Does UFX have a wikipedia page?
No, UFX does not have an official wikipedia page.
Does UFX offer demo accounts?
Yes, UFX offers virtual portfolio accounts so you can learn their systems before risking any real capital. New traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of UFX's features before getting a live account.