Our main concern with this broker is their inadequate regulation. UFX is one of the least regulated brokerage companies in the industry. However, we’ll give them the benefit of the doubt since they’ve been in the industry for many years. For the period they’ve been operational, they’ve proven to be a truthful online trading broker. The broker also offers additional trading content and research insights from iSignals and Alliance Signals. They also provide research content in the form of videos, guides, and articles to give users additional and more useful market analysis.
Presently more than 70% of traders want to trade with the smartphone. It offers MassInsights™, Technology, and many advanced trading tools. The trading app is freely downloadable from the Apple app store and googles play store. Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. UFX Markets referrals are rewarded, with a clear and straightforward concept compensating up to 10 levels of referral.
- The platform is available in its latest 4.0 version, equipped with innovative MassInsights™ Technology for high-quality information on prevailing trends in the trading markets.
- Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.
- In reply, they just kept claiming that “no wrongdoing” was found.
- You should consider whether you are fully aware of the risks involved and the high probability of losing your money.
- Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals.
- To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis.
Most importantly, their trading platforms support mobile trading. A wide range of trading assets and instruments available for UFX clients. A trader can trade over 45 currency pairs, 7+ indices, 10 ETF funds, 29+ stocks, including the most popular soft drink CocaCola, and other 7+ commodities.
Cryptocurrency Websites Like UFX.com
Also https://forexhero.info/s a high level of customer service compared to other brokers, and all traders are assigned a dedicated Account Manager to assist with any queries regarding their account or using the platform. Although Markets.com offers only one live account, spreads start at 0.6 pips (EUR/USD), with no commissions and a minimum deposit requirement of only 100 GBP. Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals.
As you can see, UFX does not offer a Demo account which is something we are quite disappointed with considering the enormous benefits from using a Demo account. We strongly suggest this broker upgrade their service in the near future. We use dedicated people and clever technology to safeguard our platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Founded in 2007, UFX is one of the leading forex and CFD brokers in the industry.
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They also help in the withdrawal process, wherein clients can encash their earnings conveniently. The platform has integrated several gateways to process the payments, including bank transfer or wire transfer, credit cards, and debit cards. Like other brokers, it also supports online payment gateways such as Skrill, ELV, Neteller, giropay, SOFORT, iDEAL, China UnionPay, Neosurf, CashU, WebMoney, Qiwi, Paysafecard, and POLi. The broker also provides information about the reliability of each of these payment services. There are no fees charged on the processing of funds; however, clients may face varying processing times depending on the AML stipulations and the volume of funds.
Spot gold went flat at $1,207.81 per ounce while bullion went up 1.1 percent before the week ended as some investors tried to drive the price beyond the $1,210 point of resistance. Low prices of crude oil and the dwindling economy caused investors to worry that the Venezuelan government may fail to settle foreign debts leaving bonds trading at amounts generally linked to default. He underscored the importance of avoiding unpredictable currency moves and will allow markets decide if said moves are parallel to economic fundamentals.
However, we do believe that in the future, the ufx com forex trading platform will offer bonuses to its clients regularly. Aside from regulation, the UFX broker also offers trade settings, innovative trading features, risk administration, company strategy, risk disclosure, AML policy, website security, with terms and conditions. I was contacted by brokers Mr Izzet Kamer, Mr Levent Demir and Arda Polat who encouraged me to open an account with UFX. The brokers contacted me by telephone and email and encouraged me to invest in various financial trading namely gold, petrol and stock exchange. I was assured by brokers that as long as I do what the brokers ask me to do I shall win and that there will be no losses.
Compared to other forex brokers, the UFX spreads for the EUR/USD pairs range from 2.0 to 4.0 pips. The swap rates are applied only on leveraged overnight positions. More details on these swap rates are explained on the UFX website. The platforms also provide precise information on the trading costs. The company offers its services on equity and index CFDs trading, which is why corporate actions of stock splits and dividends are also applicable. The company charges a $100 fine on the inactivity of more than 45 days and for no trading activity under 45 days.
This review aims to provide this information by assessing all aspects of UFX, from its customer support efficiency and trading instruments to its various trading accounts and competitive spreads. In this review, UFX has been evaluated based on industry standards for being a forex trade specialist. UFX provides traders a wide range of more than 500 instruments for trading, comprising currency pairs, commodities, indices, stocks, and ETFs. Users of UFX also have the flexibility to trade cryptocurrencies if accounts are synchronized via auto-cryptocurrency trading platforms like Bitcoin Trader. Further, UFX offers fixed spreads through all accounts, which are comparatively higher than its competitors.
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
UFX is a global brand governed by the VFSC and the Cyprus Securities Exchange Commission . It is not a United Kingdom Financial Conduct Authority regulated firm. The head office of UFX is situated at Govant Building, near Kumul Highway, P.O. Box 1276, Port Vila, Vanuatu.
Ufx.com has a rating of 1.2 stars from 5 reviews, indicating that most customers are generally dissatisfied with their purchases. The broker is regulated by Vanuatu’s VFSC and adheres to high business standards. As per UFX review, the brokerage firm is transparent and reliable as it provides all the essential information on its official website.
But, if you are a beginner in trading with UFX, you can also read, do your own research and analyze other UFX reviews before start trading with this broker. After submitting this application, an online verification process is conducted under the standard operating procedure. New traders may receive calls from the UFX back office as a part of the strict AML/KYC policy adhered by all CySEC regulated brokers. In this process, the company asks for a copy of valid ID proof and a valid proof of address. For proof of ID, traders must submit a copy of their valid passport or valid driver’s license. For proof of residency, the traders can submit copies of their utilities for the past three months.
Online trading communities have explored the depths of this platform, helping brokers and their clients leverage the power of its advanced trading tools. The advanced charting package and a wide range of technical indicators provided by MetaTrader 4 can support not only multiple types of orders but also automate their trading. The trading platform is designed to cater to new as well as expert traders. It also provides investment advice on different markets and through multiple languages. On top of that, the platform has a fully-customizable UI for the convenience of its users. The company also offers a set of trading platforms and tools for its clients.
Customer support is offered on very personal level
If the remedy hadn’t come, this would ruin my future as a senior citizen. You can also trade on UFX through several crypto robots other than Bitcoin Trader. Furthermore, the broker has an informative FAQ section that provides some valuable information. @mbate zintgraff – Do you have the Transaction ID of your order? I have one Crypton Exchange from the Utopia p2p where you can buy Bitcoin and other cryptos.
To get access to the MT5 trading platform, UFX asks for a minimum deposit of $5,000, while other brokers offer this platform for a much lower minimum deposit. Islamic accounts require a $10,000 deposit, the same as for the Platinum account. MT5 access does not seem to be available in the Islamic account despite the high minimum deposit. Yet, we must inform you that there is a moderate difference between online brokers and automated crypto trading robots.
UFX allows its customers to trade a variety of assets like commodities, stocks, currency pairs, indices, and ETFs. Customers have a flexible choice of application, like the in-house designed and developed UFX Web Trader platform and MetaTrader 5. The firm also provides cutting-edge software and attributes like MassInsight technology and Trading Central.