UFX EN CFD

UFX CFD Broker Review

UFX’s aim is to have an online trading platform that is cutting-edge and innovative. At UFX, there is a dedicated team of financial professionals, IT specialists, and hedge fund managers, who have created a platform for the financial markets. UFX pride itself on its excellence, determination, and devotion.

UFX is a popular online broker. They have become famous for their MassInsights technology. This technology helps traders to identify trends and market sentiment by aggregating their clients’ trades. With UFX, traders can trade an extensive variety of financial instruments, which includes global shares, currencies, oil, metals, commodities, and indices.

Since its establishment in 2007, UFX CFD trading platform has quickly become one of the most popular platforms out there. It boasts more than 100,000 traders. They have famous athletes like Mike Tindall among their brand ambassadors.

UFX CFD offers trading options with fixed spreads, no commission, leverage up to 400:1, no fees on deposits or withdrawals (on some methods of deposits/withdrawals). The CySEC and MiFID both regulate UFX.

The UFX CFD trading platform is user-friendly and easy to understand. Users can quickly see the market sentiment of UFX traders. UFX also provides their traders with an online learning academy, as well as that they offer personal coaching and training for beginners and advanced traders.

Tradeable Assets

UFX is an international broker. It has a broad-based array of asset choices: around 50 currency pairs, Bitcoin, various CFDs on commodities, stocks, several ETFs, and stocks.

Account Types

UFX provides their clients with six account types, to suit the needs of traders of all levels of experience and preferences. The accounts all offer fixed spreads and a broad range of financial instruments to trade. There are Micro lots available for trade on Micro and Mini accounts.

Micro/Mini

Minimum Deposit: {currency}100
Minimum Trading Volume: {currency}250
Includes: Daily market reviews and recommendations, 24-hour live support, and access to the video library

Mini

Minimum Deposit:{currency} 100
Minimum Trading Volume: {currency}5,000
Includes: Daily market reviews and recommendations, 24-hour live support, and a personal trading trainer

Standard

Minimum Deposit: {currency}1,000
Minimum Trading Volume: {currency}10,000
Includes: VIP trading support and exclusive updates, daily market reviews, access to a video library, daily recommendations, 24-hour live support, and a personal trading trainer

Gold

Minimum Deposit: {currency}5,000
Minimum Trading Volume: {currency}50,000
Includes: VIP trading support and exclusive updates, daily market reviews, access to a video library, daily recommendations, 24-hour live support, and a personal trading trainer

Platinum

Minimum Deposit: {currency}10,000
Minimum Trading Volume: {currency}100,000
Includes: VIP trading support and exclusive updates, daily market reviews, access to a video library, daily recommendations, 24-hour live support, and a personal trading trainer

Islamic

Adheres to the principles of Islamic law regarding banking activity
Minimum Deposit: {currency}1,000
Minimum Trading Volume: {currency}10,000
Includes: Daily market reviews and recommendations, 24-hour live support, and a personal trading trainer

Type of Broker

UFX is a reliable and well-regulated FX & CFD STP broker

Regulation

UFX was founded in 2007. It’s the trading name of Reliantco Investments Limited, a company licensed and regulated since 2011 by the Cyprus Securities and Exchange Commission (CySEC).

Platforms

UFX provides its clients with an option of two trading platforms: its proprietary ParagonEx Web Trader, and MetaTrader 4, the most widely used forex software.

Its platforms are accessible through any web browser and without needing to download, ParagonEx 4.0, places the most popular assets front and center. There is also a Single Asset Page option that provides traders with all the information they need on a particular asset.

The UFX CFD in-house platform is the MassInsights™ Technology, which you can find located on the right side of the screen. It’s a unique trading technology, offering a complete live stream of market events and aggregated trader behaviour.

Promotions

At the time of writing this review, UFX CFD offers traders a chance at joining competitions as a way to say thank you to its traders, new and old. Trading competitions at UFX CFD add another layer of excitement to an already fantastic online trading experience.

Deposits Options

UFX offers a range of payment methods: wire transfer, credit/debit card, Skrill, Neteller, Paysafecard, SOFORT, ELV, iDEAL, CUP, Qiwi, WebMoney, Neosurf, Giropay POLi CashU, and Bitcoin.

Withdrawal Methods

You can make withdrawals at UFX by using a credit card, bank transfer, and eWallet. UFX does not charge fees on money transfers. However, you need to keep in mind that withdrawals take from 3 to 10 business days to process.

Customer Support

The customer support department can be reached around-the-clock either through their website or one of their global support representatives in 24 countries. They are also reachable through Viber and Whatsapp between certain hours.

Languages

UFX caters itself to the international market by offering 24 languages.

Address

1 Poultry, London EC2R 8AJ, UK

Ease of Use

UFX designed a platform that is intuitive and user-friendly. Customers can use their drop-down menus to access the different site options. the signup process is easy and straightforward. Traders can follow the trades in real time.

Why Trade at UFX

UFX has multiple trading platforms. Customers trading with UFX have access to a wide range of markets, with hundreds of financial instruments, tight spreads, and solid leverage.

While UFX has a lot to offer traders with a bit of knowledge, we don’t feel it is ideal for complete beginners. There is no education center like many of the other popular Forex brokers, just a round of questions and answers in the FAQs section.

To see how UFX CFD trading ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.