UFX Review year Read this review before you trade!

The broker offers telephone support services in twenty-three different countries. Their commitment to providing high-quality customer support is the main reason they’ve been able to win many awards over the years. To make sure traders have an easy time depositing and withdrawing their funds, the broker supports various methods of payment. Some of these methods include bank wire transfers, credit cards as well as eWallets.

Accounts are swiftly opened via an online application, the standard operating procedure. As a CySEC regulated brokerage, UFX adheres to a strict KYC/AML policy. New accounts require verification via a copy of the trader’s ID and one proof of residency document.

This brokerage offers a broad range of research and education resources. Some resources provided by UFX include FXStreet-powered headings and a dependable economic calendar. Their fixed spreads are high and vary from one type of account to another. Traders can also trade precious metals including copper, platinum, and gold. UFX’s offerings are ideal for long-term investors and speculators.

The EUR/USD, the most liquid currency pair, ranges between 2.0 pips and 4.0 pips. A $100 inactivity is charged every 45 days for accounts with no trading activity for 45 days, and a 0.1% hedging fee is additionally levied. If you’re a trader looking for long-term growth, capital protection, and peace of mind, it’s essential to choose a broker that remains regulated and accountable. For now, the smarter move is to explore platforms that are transparent about their operations and continue to meet the regulatory standards of major financial authorities. UFX offers users a built-in tab to monitor one’s portfolio and to search for specific stocks.

Fees

The gold and platinum accounts have fixed spreads of 2 pips on the same pair. This platform comes with many trading tools, charting packages, and a whole lot of useful technical indicators. The best thing about UFX is that they offer customer support in multiple languages based on the preference of customers. Most importantly, UFX is easy and straightforward to use, and this makes them ideal for first-time traders.

Over the years, they’ve successfully established themselves as highly reputable. They have a perfect marketing approach, and their customer support appears to be highly-knowledgeable. This broker provides limited free research daily, inspired by marketing needs. UFX provides six unacceptable account options for traders to consider. With a revoked CySEC license, multiple international warnings, and an unclear operational status, UFX is no longer a broker that offers the same level of security and transparency. In its prime, UFX was seen as an innovative platform backed by regulatory oversight and unique trading tools.

Trading Platform

• The mobile platforms mirror the functionalities of the desktop versions, ensuring a seamless trading experience across devices.
• Having a news feed means that such features can be executed as soon as big events across the world occur.
• This platform comes with many trading tools, charting packages, and a whole lot of useful technical indicators.
• MassInsights Technology represents the biggest asset UFX has to offer.

However, potential traders should exercise caution due to the broker’s questionable regulatory standing and limited educational resources. It is advisable to thoroughly research and consider these factors before engaging with UFX forex broker. It’s a great platform for experienced traders because it has a lot of analysis tools and indicators.Expert advisors and signals can also be used to automate trading.

Financial Conduct Authority (FCA) – United Kingdom

Their accounts have varied minimum deposits with Micro and Islamic trading accounts having the lowest minimum deposits of $100. The Mini, Standard, Gold, and Platinum trading accounts have minimum deposits of $500, $1,000, $5,000, and $10,000 respectively. There are no distinctly unique features at UFX besides the MassInsights service which was previously mentioned. This service may be useful for some traders, specifically those who are relatively new to trading. The absence of the MT4 trading platform and lack of support for automated trading solutions represent a critical oversight.

UFX Web Trading

UFX offers traders the ability to use charting tools with over 60 technical indicators. Many traders use the chart patterns available on UFX alongside news events in order to help determine when to buy and sell stock or share. CTrader is a full-featured trading platform that Forex and CFD firms can provide to their clients.The platform is jam-packed with features that cater to every type of investment preference imaginable. MT5 is considered one of the best trading platforms on the market for good reason. It is highly customizable and comes with programming that you can use to build indicators and EAs. What sets ParagonEx apart and our UFX review team found impressive is the integration of MassInsights.

UFX trading fees

A UFX stop order is an order that a trader places to buy or sell a stock once the price of that stock reaches a pre-determined price, known as the ‘stop price’. When this specific stop price is reached, a stop order will then become a market order. A UFX stop-limit order is an order to buy or sell a stock combining the features of a stop order and a limit order. Once the stop price of a trade is reached, a stop-limit becomes a limit order that will then be executed at a pre-determined price.

The UFX webtrader is built around this broker’s proprietary MassInsights Technology, providing a live stream of market events on top of aggregated trader behavior based on its clients. With a user-friendly interface, simple trade placement, and seven unique sentiment-based alerts, it creates an excellent environment for new traders. Unfortunately, the MT4 trading platform is unavailable, while the MT5 requires a $5,000 deposit. During our UFX review we could not find support for autotrading services, making this a less-than-ideal option for more advanced traders. Having a news feed means that such features can be executed as soon as big events across the world occur. The Mini account has a minimum deposit of $500 and a minimum trading volume of $5,000.

UFX is a legit brokerage, in full compliance with its European regulator. Reliantco Investments, the owner of UFX, is a Cyprus Investment Firm authorized and regulated by the Cyprus Securities Exchange Commission (CySEC), under license number 127/10, since December 22nd 2010. At the time of this UFX review, there were no bonuses or promotions available, in compliance with EU law. MassInsights Technology represents the biggest asset UFX has to offer. More index CFDs would be welcome, as the current selection is limited.

• If the account has less than $100, after 45 days, UFX can charge a lower administrative fee but will close the account 10 days after sending you a notification.
• You can also easily trade on your mobile device with UFX as this broker offers a mobile version of their ParagonEx trading platform and MT5.
• Some of these methods include bank wire transfers, credit cards as well as eWallets.

The broker is known for its proprietary MassInsights Technology, which offers real-time market analysis. Now operating without oversight from major regulatory bodies, traders are questioning whether UFX remains a viable broker—or if it’s become a risk too big to ignore. Stocks and ETFs are traded directly on an exchange meaning that they may be subject to brokerage commissions, which can vary depending on the exchange. A UFX limit order is an order placed by a trader to buy or sell a specific stock but with a certain restriction on the maximum price that will be paid for the stock or the minimum price that will be received after the stock is sold.

Yes, our UFX review found that this broker is regulated by the Cyprus Securities and Exchange Commission. It’s also registered with many other European regulatory authorities, including the UK FCA, which makes it highly reliable and trustworthy. UFX is a reliable and highly reputable broker that is committed to providing you with everything you need for an excellent trading experience.

As a Mini account holder, you will receive access to everything the Micro/Mini account offers along with VIP trading support. Simple swipes help switch between the variety of functions and areas of the UFX app and there is the capability of setting price alerts and accessing training videos or forums. UFX also offers useful functions such as alerts and notifications as well as portfolio and fee reports in order to help access your trade results.

Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… However, the broker also developed its proprietary trading platform called ParagonEx web trader. Being in the market for almost two decades, the UFX broker doesn’t miss on its service suite. It offers comprehensive features, services, and products, claimed to provide its traders with personalized experience. UFX provides access to multiple trading instruments including stocks, commodities, currency pairs, market indices, and ETFs. Non-trading fees can include various fees or charges that one has to pay which are not related to buying or selling assets on an exchange.

UFX is one of the most reputable online trading brokers we have today. The Cyprus-based ufx broker online trading broker was founded back in 2007. Its activities are regulated and monitored by the Cyprus Securities and Exchange Commission commonly referred to as CySEC.