UFX Rated 3/5

UFX Guide - Read our In Depth 2023 UFX Review

This detailed UFX review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex, CFDs, Social Trading.
*This content does not apply to US users.

Learn more about UFX.

Benefits of Trading with UFX

UFX Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 500
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 UFX users and traders
๐Ÿ“† Founded 2007
๐ŸŒ HQ Republic of Vanuatu
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Cyprus Securities and Exchange Commission (CySEC)
๐Ÿšซ Excluded Countries UFX is not available in the following countries : DZ, BZ, IL, JO, LY, MU, SD, SY, TN, US, YE, PK, BE

Open UFX's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is UFX?

UFX are a worldwide financial trading platform and broker. founded in 2007

Over 16 years later UFX now serves over 10,000 retail investors Forex trading, CFDs trading, and Social trading.

UFX are a global broker. UFX have a head office in Republic of Vanuatu.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this UFX review and assess how well the UFX platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like UFX. Choosing or shortlisting a trading platform like UFX can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like UFX.

As a result, selecting the right trading platform like UFX requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like UFX available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like UFX requires thorough due diligence and careful consideration. Some UFX trading features can be complex when trading on mobile or using the UFX online trading platform. Beginners and inexperienced traders must take the time to learn how to use the UFX trading tools properly. In our review of UFX we explain the pros and cons. What UFX offer, countries UFX are available in. Who UFX are regulated by and more.

UFX Review Screenshot

When it comes to online trading with brokers like UFX, carefully review UFX as your broker can make or break your success. Choosing the right broker is essential to ensure your UFX investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your UFX review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of UFX. You must also ensure the UFX broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, UFX needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with UFX into easily digestible information in this UFX review. We want to ensure you have all the knowledge necessary to use the UFX trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with UFX are the key to successful trading, so we've provided this detailed UFX review. So, take a seat, grab a cup of coffee, and dive in to learn about UFX and how it can benefit you or if UFX is not for you.

Online investing with UFX can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with UFX, evaluating the UFX platform is important. Evaluation includes researching the UFX management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with UFX. That's why it's essential to understand the UFX company policies and practices before making any investment decisions. By doing your due diligence and understanding UFX platform, you can make informed investment choices that align with your financial goals. So take the time to research UFX thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this UFX review you need to determine if UFX is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to UFX, so you can make a more informed decision and compare other brokers against UFX.

If you want to look at some UFX alternatives that might better fit your needs, we list and compare some of the best UFX alternatives further down this UFX review.

Don't be fooled by the misconception that online trading is easy with UFX. It can be challenging and requires significant research and understanding of the UFX trading tools and features. You must know what you are doing when trading with UFX. That's why we've compiled this detailed UFX review with some important information that will hopefully make you more informed when online trading with UFX.

UFX Review Table of Contents

UFX review
UFX is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about UFX. UFX is a multi asset platform with 100+ tradable Assets. Assets available on UFX include Forex, CFDs, Social Trading.

UFX trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex, CFDs, Social Trading are considered financial assets.

Features of UFX

UFX review
What you should know

UFX offer three ways to trade: Forex, CFDs, Social Trading. The assets and products available to you on the UFX trading platform depends on the region of the world, you are in and the UFX entity you have an account.

With UFX you will need a minimum deposit of $500. You can sign up for a demo account to acquaint yourself with UFX platform.

UFX are able to accommodate various levels of traders whether you are experienced or a beginner.

Are UFX safe?

When considering UFX for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as UFX, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2007, and in operation for 16 years UFX have a head office in Republic of Vanuatu.

UFX is regulated. This means UFX are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

UFX withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like UFX are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. UFX are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of UFX and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. UFX has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, UFX will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like UFX, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If UFX violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with UFX?

All payments made to UFX by traders are securely held in a segregated bank account.

UFX uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should UFX use them?

UFX partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their UFX clients' funds.

UFX clients can have greater confidence in their financial security when working with a Tier 1 bank because UFX are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in UFX deposited in a Tier 1 bank?

Depositing funds with UFX ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if UFX were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that UFX is a secure and safe platform.

Please be aware that trading in financial assets with UFX carries a risk of loss. UFX trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs, Social Trading due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

UFX emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about UFX, let's closely examine its features.

To better understand the UFX trading platform, you can create two separate accounts - one with real money and the other a UFX demo account. A UFX demo account provides a risk-free environment for experimenting with the UFX platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in UFX trading decisions.

Open a demo account Visit UFX

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How UFX as a Company Compare Against Other Brokers

Broker UFX IC Markets Roboforex eToro
Year Established 2007 2007 2009 2007
Head Office Republic of Vanuatu Australia Belize Cyprus, UK
Regulation Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ UFX users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit UFX Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

UFX review
UFX Pros and Cons

What we like about UFX

  • Used by over 10,000 UFX users and traders
  • Established in 2007
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $500

What we don't like about UFX

UFX review
UFX Regulation and Licensing in more detail

UFX is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of UFX going into insolvency. UFX compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like UFX to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for UFX traders.

UFX is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like UFX you should be sure they're legitimate online agent.

Is UFX Global?

Yes, UFX is global as UFX is available in over 182 countries.

UFX is a global trading platform in the sense that it operates in 182 countries including nations in Africa, Asia, Oceania, and Europe. Major countries UFX covers include the UK, Germany, South Africa, Thailand, China and Australia. UFX has a total of more than 10,000 users.

UFX review
UFX Fees Explained

  • UFX doesn't charge withdrawal fees.
  • UFX does charge a fee for inactive accounts.
  • UFX doesn't charge deposit fees.

UFX Costs To Check

Modern brokers like UFX provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, UFX may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall UFX trading profitability.

How UFX Fees Compare Against Other Brokers

Broker UFX IC Markets Roboforex eToro
Min Deposit 500 200 10 50
Withdrawal Fees No No Yes Yes
Inactivity Fees Yes No No Yes
Deposit Fees No Varies No No
CFD Commission Fees Yes Yes No Yes

UFX Minimum Deposit

UFX requires a minimum deposit of 500 GBP/USD/EUR when opening an UFX trading account.

A minimum deposit is the minimum amount of money required by UFX to open a new online brokerage account with them.

Don't be scared off by brokers like UFX charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like UFX, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

UFX Withdrawal Fees

UFX doesn't charge withdrawal fees.

UFX Withdrawal rules may vary across different brokers when it comes to transferring funds from your UFX or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with UFX may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the UFX withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from UFX. Researching and comparing UFX withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing UFX funds frequently or dealing with large sums of money. Awareness of these UFX fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your UFX funds.

For example, UFX allows you to withdraw your funds to Credit cards, Bank Transfer, American Express, Neteller, Bitcoin, WebMoney, POLi, UnionPay, CashU, QIWI, SOFORT, Giropay, Payoneer.

UFX Inactivity Fees

UFX does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by UFX terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all UFX fees and services. It's recommended that you check the UFX website before signing up. If you decide to close your UFX account, it's important to do so with the UFX broker customer support and obtain confirmation that no remaining UFX fees are due.

Brokers like UFX must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

UFX Deposit Fees

UFX does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

UFX Commission Fees

UFX does charge commission on CFD instruments.

Brokerage firms like UFX may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the UFX trading account level held by the trader.

UFX may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing UFX terms and conditions to understand the commission fees and any other charges that may apply is essential.

UFX review
What can you trade with UFX?

It's essential to note that the trading instruments offered under the UFX brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the UFX trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with UFX over 100 instruments in fact.

If you want to trade currency pairs on global Forex markets, UFX offer over 50 currency pairs.

UFX Compared To Other Brokers

Compare UFX with IC Markets and Roboforex below.

Your capital is at risk

How UFX Trading Options Compare Against Other Brokers

Broker UFX IC Markets Roboforex eToro
Instruments Available 100 2250 100 5000
Platforms MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 372 2100 0 2042
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit UFX
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

UFX review
Trading on UFX web platforms and other applications

UFX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

UFX also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See UFX's platforms

Is the UFX Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the UFX trading platform to protect you on PC and mobile UFX platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using UFX web trading platforms.

UFX Trading Platform Options

After logging into your UFX account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that UFX does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

UFX does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options UFX gives you.

UFX review
UFX MetaTrader 4 (MT4)

UFX MetaTrader 4

UFX MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on UFX offers traders comprehensive features and tools to enhance their trading performance. The UFX MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the UFX platform to their needs. One of the standout features of MT4 is its charting functionality, which allows UFX traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give UFX traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 UFX trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the UFX MetaTrader 4 (MT4) trading platform. MT4 is a platform available with UFX, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The UFX MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. UFX allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with UFX in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. UFX MetaTrader 4 is compatible with the latest macOS. UFX allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on UFX

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade UFX MetaTrader 4 on iOS Devices

You can download the UFX app or trade with UFX through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. UFX customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade UFX MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and UFX offers its clients access to the MetaTrader 4 platform on these devices. With the UFX MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing UFX traders to stay on top of their trades and react quickly to changes in the market. With the UFX MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade UFX MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on UFX are a powerful bundle of three major indicators designed to help traders make informed decisions. UFX MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help UFX traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing UFX traders to potentially stay one step ahead.

UFX MetaTrader 4 Advanced Trading Tools

The UFX MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give UFX traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, UFX provides traders with everything they need to succeed. The UFX MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing UFX traders to analyze the market at any level of complexity.

Trade UFX MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

UFX MetaTrader 4 AutoChartist

Autochartist on the UFX platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for UFX MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, UFX traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save UFX users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. UFX traders can navigate the platform and find the information they need to make informed trading decisions.

UFX Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for UFX traders of all experience levels.

UFX Trading benefits

  • UFX Allows hedging
  • UFX Offers STP
  • UFX Offers Negative Balance Protection

UFX Trading Accounts Offered

Below we give an overview of the account types that UFX offer. Whatever you are looking to trade, the varying UFX account types will be able to provide you with what you need.

  • UFX Demo account
  • Micro account
  • UFX Mini account
  • UFX Standard account
  • UFX STP account
  • UFX Islamic account

Can I try UFX?

UFX provides a demo account that enables individuals to explore trading before investing their funds. By creating a UFX practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the UFX demo account can help individuals to make informed decisions before investing their money.

Open a demo UFX account to practice and trade.

Your capital is at risk

UFX withdrawal and funding methods

It's essential to remember that the payment methods provided by UFX vary based on the UFX entity and the UFX client's country of residence. To view the UFX payment options available, you can log into your UFX member's area.

UFX offers various funding payment methods listed in your UFX dashboard if available in your region. To learn more about the UFX funding and withdrawal options available in your area, you can explore the UFX website.

UFX provides several payment methods for funding your UFX account. You may utilize any of these deposit options if they are available in your region. UFX ensures that users have multiple payment methods to choose from, making it more convenient for verified UFX account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the UFX user's location. learn more about UFX funding and withdrawal methods.

UFX Payment Methods

Some UFX payment methods are local and are available only to specific regions. UFX account holders should check which payment methods are provided in your region.
  • UFX accepts Credit cards
  • UFX accepts Bank Transfer
  • UFX accepts American Express
  • UFX accepts Neteller
  • UFX accepts Bitcoin
  • UFX accepts WebMoney
  • UFX accepts POLi
  • UFX accepts UnionPay
  • UFX accepts CashU
  • UFX accepts QIWI
  • UFX accepts SOFORT
  • UFX accepts Giropay
  • UFX accepts Payoneer
Broker UFX IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer Yes No Yes No
Neteller Yes Yes Yes Yes

*please note available UFX and other broker payment methods depend on the clients country of residence.

How can I start trading with UFX?

To open a trading account with UFX, individuals can sign up on the UFX website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for UFX account validation and making a deposit. Once completed, UFX users can download the trading platform of their choice.

It's important to note that UFX requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps UFX maintain a trustworthy financial environment for its 10,000 users. Detailed information on the UFX trading platforms is available on their website.

Your capital is at risk

Performing trades with UFX

When using UFX, the minimum trade size is typically $125 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded. With STP execution on the UFX platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Like other brokers, UFX margin requirements can differ depending on the traded instrument.

UFX offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about UFX, and see all of the UFX account features on the official UFX website.

CFD Trading on UFX

We will show you an example of the basics of using UFX leverage.

CFD trading on UFX allows traders to speculate on the price movements of various financial instruments against the broker UFX, without actually owning real assets. With CFDs, UFX traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

UFX provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, UFX leverage profits and losses are magnified when trading. For instance, using CFDs, you use the UFX trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, UFX leverage magnifies both profits and losses in trading.

Trading CFD trades on the UFX platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced UFX traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Limiting Your Risk When Trading with UFX Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like UFX. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a UFX trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, UFX trading losses are always limited to the current balance of funds in the trader's account.

Even if an UFX trader experiences a significant loss, they will never owe more money than what is available in their UFX account balance.

It's important for UFX traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that UFX losses are limited to the funds available in your UFX account when negative balance protection is in place.

Limit Risk When Trading with UFX Stop Loss, UFX Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as UFX . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for UFX traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an UFX trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide UFX traders with an effective way to manage risk and protect their investments in volatile markets.

Education Resources at UFX

To trade effectively with UFX, it's important to have a good understanding of the UFX trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with UFX and externally.

UFX . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with UFX. Familiarizing yourself with the UFX trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using UFX. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with UFX involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like UFX, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with UFX. Explore the UFX platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with UFX, before live trading.

Customer Support at UFX

As part of our UFX review, we review customer service options, response times and problem resolution effectiveness on the UFX trading platform. The UFX trading platform supports multiple languages, which includes Arabic, English, French, Portuguese, and Russian.

UFX Available Support Types

UFX has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.

UFX customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

Your customer service experience with UFX has to be positive for you to effectively trade the financial markets on the UFX platform. UFX should answer all of your questions and your UFX platform issues are solved. When an UFX customer has any queries regarding UFX, the UFX customer support team should take these issues seriously and offer a quick and effective solution. UFX has a great client support team, so we have rated their customer service highly.

Livechat Support at UFX

We experienced fast and responsive support from UFX

At UFX, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from UFX should be a positive support experience for all UFX users, saving you from waiting days for an email response.

We also tested communicating with UFX support in various languages and countries. The UFX help centre quickly resolved our customer issues.

Email Support at UFX

As part of our review process, we wanted to test the email support offered by UFX. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows UFX has excellent email support overall.

The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by UFX. If you're looking for a broker with reliable email support, UFX is worth considering.

Phone Support at UFX

Our experience with UFX phone support was positive. When we called, the team answered our call promptly, in less than a minute.

During the call, we tested the multilingual UFX team by speaking in different languages, and they made an effort to answer our queries in each language.

The phone support team successfully resolved our questions and issues over the phone. Overall, we found the phone support from UFX good.

See how UFX Support Compares Against Other Brokers

Broker UFX IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages Arabic, English, French, Portuguese, and Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit UFX Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with UFX

As UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).

As a new client of UFX, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with UFX in your region. During the UFX account opening process, you will be asked to provide UFX with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with UFX have the following documents available.

  • UFX require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for UFX compliance. This must be dated within the last six months.
  • If you plan to fund your UFX account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the UFX platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under UFX Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring UFX's platform.

However, remember that you won't be able to make trades on UFX until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the UFX KYC compliance process as soon as possible to avoid any delays in accessing the UFX platform's features.

It is important to note that UFX may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the UFX platform and features immediately. However, you must pass the verification process to start live trading with UFX, which can take up to a few business days.

To start the process of opening an account with UFX you can visit the UFX trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.ufx.com/ on September 26, 2023.

Is UFX A Good Broker?

We have spent over 5 years examining UFX in depth. Although we found some very useful aspects of the UFX platform that would be useful to some traders. We feel that a alternative to UFX may better suit you.

  • UFX have a good track record of offering Forex, CFDs, Social Trading.
  • UFX has a history of over 16 years.
  • UFX has a reasonable sized customer support of at least 10.
  • UFX are regulated by the Cyprus Securities and Exchange Commission (CySEC). UFX is subject to strict regulatory oversight from its respective jurisdiction, which holds UFX (the broker) accountable for misconduct. This regulatory framework helps ensure that UFX operates fairly and transparently and provides UFX customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and UFX.
  • UFX have regulation from reputable regulators.
  • One of the advantages of using UFX is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from UFX are particularly important as UFX traders want to receive their money quickly. With the efficient UFX payment processing system, traders can enjoy faster access to their UFX funds.
  • UFX have an international presence in multiple countries. Including local UFX seminars and training.
  • UFX can hire people from various locations in the world who can better communicate in your local language.

UFX Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

UFX not quite right?

If after reading this UFX review, UFX does not fulfill your needs check out these UFX Alternatives.

Click here to view the best UFX Alternatives

We have spent years researching the best alternatives to UFX. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective UFX alternatives available today. If you are unsatisfied with UFX or want to explore other options, we recommend checking out our carefully curated list of highly-rated UFX alternatives. Follow the links below to learn more about these UFX broker alternatives and choose the one that best suits your trading needs.

Related UFX Vs Comparisons

Throughout our comprehensive UFX review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing UFX against other popular brokers in the industry, check out our UFX Vs pages. Our team has compiled a series of detailed UFX comparison articles, pitting the UFX platform against some of the best-rated UFX competitors in the market. Dive into our informative UFX Vs pages below to find out how UFX stacks up against other leading brokers.

UFX review
UFX Frequently Asked Questions

Read our detailed UFX FAQ Section updated for 2023.

Can I try UFX?

UFX offer a demo account so you can try the UFX platform with virtual trading before you put down a payment. Virtual trading with UFX is zero risk. Learn more here

What funding methods do UFX accept?

Please note that the list of payment methods below depends on the UFX Entity and the client's Country of Residence.

UFX offer the following funding payment methods Credit cards, Bank Transfer, American Express, Neteller, Bitcoin, WebMoney, POLi, UnionPay, CashU, QIWI, SOFORT, Giropay, Payoneer, among other payment methods.
Learn more here

Your capital is at risk

Is UFX safe?

UFX have over 10,000 users. UFX are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to UFX accounts by traders are held in a segregated bank account. For added security,UFX use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with UFX is risky, and because the market is so volatile, losses could happen at any time.

Your capital is at risk

Is UFX trading good?

UFX is considered good and reputable to trade with UFX. UFX is used by over 10,000 traders and UFX users. UFX offers Forex trading, CFDs trading, and Social trading. Minimum deposit with UFX is 500.

Is UFX trading Legit?

UFX was founded in Republic of Vanuatu in 2007. UFX has been facilitating trade on the financial markets for over 16 years. UFX offers clients Forex trading, CFDs trading, and Social trading. All funds deposited to UFX are held in segregated bank accounts for security. UFX is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is UFX a good broker?

UFX allows Forex trading, CFDs trading, and Social trading. UFX is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.

Is UFX trustworthy broker?

UFX is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to UFX, money is in a segregated bank account that is separate from UFX company's funds. As a regulated broker, UFX cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by UFX. Instead, your UFX funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with UFX. Also UFX is regulated in its local jurisdictions including major financial regulators like Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for UFX?

The minimum deposit to trade with UFX is 500.

How long do UFX withdrawals take?

Withdrawing money from UFX processing time varies depending on the method but averages 1-5 days.

Is UFX regulated?

UFX is regulated by the Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of UFX maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is UFX a market maker?

UFX is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by UFX even if no buyer or seller is lined up.

How can I start trading with UFX?

When opening a trading account with UFX, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on UFX trading platforms, you can follow the link provided below: Learn more about signing up with the UFX trading platform here. This will provide useful information and insights into the various trading platforms offered by UFX, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with UFX?

Yes your money is safe with UFX.

Overall, strict financial regulation is essential for ensuring that trading platforms like UFX operate fairly, transparently, and responsibly, which ultimately benefits all UFX stakeholders involved.

Trading platforms like UFX must have strict financial regulation for several reasons:

  • Protecting UFX Investors: Strict financial regulation ensures that investors who use the UFX trading platform are protected against fraudulent or unethical behavior by the UFX platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the UFX platform.
  • Maintaining UFX Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the UFX trading platform. Regulatory procedures reduce the likelihood of the UFX platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing UFX Transparency: Regulations require trading platforms like UFX to maintain detailed records and disclose UFX client information. Financial regulatory requirements enhances transparency and helps to build trust between the UFX platform and its investors.

UFX is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as UFX, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, UFX ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like UFX.

Is UFX a con?

UFX is regulated and well established, having been in business for over 16 years. UFX is not a con.

Can you make money with UFX?

Although traders have had great success with UFX, trading on the financial markets with UFX is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does UFX have fees?

UFX doesn't charge withdrawal fees. UFX does charge a fee for inactive accounts. UFX doesn't charge deposit fees.

When was UFX founded?

UFX was founded in 2007.

How many people use UFX?

UFX is used by over 10,000 registered UFX users.

What is UFX Headquarters country?

UFX has its head quarters office in Republic of Vanuatu .

Does UFX offer negative balance protection?

UFX offers negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does UFX offer guaranteed stop loss?

UFX does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does UFX allow scalping?

UFX does not offer scalping.

Does UFX allow hedging?

UFX offers hedging.

Does UFX offer CFD trading?

UFX offers CFD trading.

Does UFX offer STP?

UFX offers STP trading.

How many people use UFX?

UFX is used by over 10000 UFX users and traders.

Is UFX an ECN broker?

UFX does not offer ECN trading.

Does UFX offer a demo account?

UFX offers a demo account.

Does UFX offer an Islamic account?

UFX offers an Islamic account.

What are the funding methods for UFX?

Please note that funding methods and options available with UFX can be found in the UFX Members area and depend on the UFX clientโ€™s country of residence. Please check your specific available payment methods on the UFX website. UFX accept the following funding methods : Credit cards, Bank Transfer, American Express, Neteller, Bitcoin, WebMoney, POLi, UnionPay, CashU, QIWI, SOFORT, Giropay, Payoneer.

UFX review written by Andrew Blumer and Mark Hansen

We hope you found our review of the UFX brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

UFX review written by Mark Hansen of Comparebrokers.co