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UFX Review

  • Regulated by: CySEC
  • Safety: segregates client funds
  • Trust Rating: B
Open UFX's Website

Losses can exceed deposits. Your capital is at risk.

UFX offer three ways to trade: Forex, CFDs, Social Trading.

To open a live account, you’ll need a minimum deposit of at least $500. Alternatively, UFX offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by CySEC (Licence: 127/10). UFX puts all client funds in a segregated bank account and uses tier-1 banks for this. UFX have been established since 2007, and have a head office in Republic of Vanuatu.

Before we dive into some of the more detailed aspects of UFX’s spreads, fees, platforms and trading features, you may want to open UFX‘s website in a new tab by clicking the button below in order to see the latest information directly from UFX.

Open a demo account Visit UFX

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

UFX screenshot


  • Segeregates client funds
  • Established in 2007
  • Regulated by CySEC
  • Min. deposit from $500


What are UFX's spreads & fees?

Like most brokers, UFX take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum fixed spreads listed on UFX’s website. The colour bars show how competitive UFX’s spreads are in comparison to other popular brokers featured on BrokerNotes.

UFX variable spread is not available. If you believe this is incorrect please fill in our form

As you can see, UFX's minimum spread for trading EUR/USD is 4.0 pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with UFX vs. similar brokers.

See all Spreads

How much does UFX charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with UFX at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $40. Here's a rough breakdown of the fees and how this compares against AvaTrade & Plus500.

UFX AvaTrade Plus500
Spread from: $40.00 $7.00 $6.00
Typical overnight fee: $0.00 $5.00 $9.40
Commission: 0 0 0
Total cost of a 100k trade: $40 $12 $15.4
$28 less $24.6 less
Visit UFX Visit AvaTrade Visit Plus500

All fees/prices are for informational purposes and are subject to change. Last updated: March 21, 2018.

General Fees

  • UFX does charge inactivity fees
  • UFX doesn't charge withdrawal fees


  • UFX does charge commission on CFD shares

What can you trade with UFX?

FX / Currencies UFX AvaTrade Plus500
# of forex pairs offered 49 59 61
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs UFX AvaTrade Plus500
# of commodities offered 0 16 17
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs UFX AvaTrade Plus500
# of Stocks offered 372 99 1816
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See UFX's Instruments See AvaTrade's Instruments See Plus500's Instruments

What's the UFX trading experience like?

1) Platforms and apps

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

UFX Screenshot See UFX's Platforms

UFX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See UFX's platforms

Trading Features:

  • Allows hedging
  • Offers STP
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

UFX allow you to execute a minimum of trade of $125. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As UFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, UFX offer margin up to 0.5% on currencies.

UFX also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by UFX here.

Finally, we’ve listed some of the popular funding methods that UFX offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
  • American Express

3) Client support

UFX support a wide range of languages including Arabic, English, French, Portuguese, and Russian

UFX have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.

4) What you’ll need to open an account with UFX

As UFX is regulated by CySEC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore UFX’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with UFX you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.ufx.com/ on March 21, 2018.