XM vs UFX, 2024 Update
XM Rating
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UFX Rating
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77.29% of retail investor accounts lose money when trading CFDs with this provider. |
Your capital is at risk |
XM vs UFX Guide |
Read our In-Depth XM vs UFX Review - 2024 Update
Our comprehensive analysis of XM and UFX has been refreshed for 2024 from industry experts boasting years of expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of XM vs UFX does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, and United States of America.
UFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare XM vs UFX
Each online trading platforms has some advantages and disadvantages, so a complete review of XM and UFX should not be regarded as thorough without embracing an objective perspective.
Examine UFX and XM in order to understand how these platforms stack up to one another before you decide to open an account. Conducting a side-by-side comparison helps to place factors in perspective to ensure that you're aware of what you should anticipate.
So you are looking for a reputable broker and are choosing between XM or UFX. Who is better in 2024?
This XM vs UFX comparison contains the most recent information so you can easily compare UFX against XM.
If you're a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You will get adept at all of the concepts of broker as you continue trading. For starters, you need to choose the right agent who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to create hefty returns. XM and UFX are just two such companies which will take you and your investment into great heights. It is important that you compare XM vs UFX until you trust them with your cash.
Our XM vs UFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and UFX side by side.
Our entire XM vs UFX Review covers all you need to know about trading using either XM or UFX. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire way to guarantee profits; therefore, you should carefully assess your broker before you choose them. It's a frequent misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
XM and UFX are both brokers which have forged their way successfully into the brokerage world. Within this review, we've attempted to collate some of the important facets of both XM and UFX. This review will help you to know whether either UFX or XM is a good match for your own investments or not. We've tried to breakdown all the qualities and fees for your advantage.
Benefits of XM and UFX Compared
XM has a minimum deposit of $5 while UFX offers a $500 minimum deposit.
Why smaller minimum deposits are good and how XM and UFX compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
XM allows you to trade around 100 financial instruments while UFX allows you to trade around 100 financial instruments available.
The more instruments you can trade on the XM and UFX trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of XM or UFX.
XM and UFX Contact Details
Being able to contact your broker simply is a sign of a professional broker. XM and UFX have the following contact details and social medias that you can use.
Broker | XM | UFX |
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Telephone Number | +357 250 29933 | |
support@xm.com | ||
Address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus | |
XM Twitter Account | UFX Twitter Account | |
XM Facebook Page | UFX Facebook Page | |
XM Instagram Account | UFX Instagram Account | |
XM LinkedIn Page | UFX LinkedIn Page | |
YouTube | XM YouTube Channel | UFX YouTube Channel |
Find Out More |
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UFX and XM Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of XM and UFX we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
XM vs UFX - Awards
Broker | XM | UFX |
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Awards |
XM have won many industry awards over the years they have been running as a financial broker. We show the most notable awards for XM below.
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At the time of writing this UFX review, and despite UFX’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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XM vs UFX - Frequently Asked Questions
XM vs UFX - Headquarters And Year Of Founding
XM was founded in 2009 and has its head office in Cyprus.
UFX was founded in 2007 and has its headquaters in Republic of Vanuatu.
What is the minimum deposit for UFX or XM
The minimum deposit for XM is $5.
The minimum deposit for UFX is $500.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both XM and UFX are a good option.
XM vs UFX - Regulation And Licencing In More Detail
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both XM and UFX have a powerful collection of rules for ensuring fair trading onto their own platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare XM vs UFX Commission And Fees
XM and UFX are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. That is, an internet broker is not necessarily influenced by the number of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three types of penalties for this purpose.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In these cases, you're spending a spread, financing rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those who are charged when you hold a leveraged position for longer than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They are billed for operations like depositing money, not investing for long periods, or withdrawals.
Generally, neither XM or UFX charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly exchange, for example daily or weekly trading.
But, non-trading fees charged by XM and UFX are relatively higher. As a result, you're billed more for non-trading activities in your trading account, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This XM vs UFX review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For XM And UFX
What Languages Do XM And UFX Support?
Being able to communicate completely with your trading platform is a key element when comparing brokers to find the best broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you can find the languages that both XM and UFX offer communication in.
How Many Clients Do XM and UFX Have?
Both XM and UFX are well established with their customer base. It is important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients XM and UFX are active on their platform
Broker | XM | UFX |
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Clients / Users | 3,500,000+ | 10,000+ |
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What Payment Methods Do XM and UFX Accept?
XM and UFX both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at XM and UFX
What Can You Trade With XM and UFX?
XM offers 100 trading instruments whilst UFX offers 100.
Below you will find a full breakdown of what both XM and UFX offer.
XM Review
XM vs UFX:
Table Of Contents
- Compare XM vs UFX
- Benefits of XM and UFX Compared
- UFX and XM Mobile App Comparison
- XM vs UFX - Awards
- XM vs UFX - Frequently Asked Questions
- What is the minimum deposit for UFX or XM
- XM vs UFX - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And UFX
- What Languages Do XM And UFX Support?
- How Many Clients Do XM and UFX Have?
- What Payment Methods Do XM and UFX Accept?
- What Can You Trade With XM and UFX?