UFX offer five ways to trade: Stocks, Indices and CFDs, Currencies, Commodities, ETFs.
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.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are UFX's spreads & fees?
The spreads displayed below are based on the minimum 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.
EUR/USD4 PIPS $0 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPY4.0 PIPS $0 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USD5 PIPS $0 per lot
The average spread for GPB/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 31.13 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$0.00||$0.00||$0.00|
|Total cost of a 100k trade:||$40||$0||$0|
|+$40 saving||+$40 saving|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with UFX?
|FX / Currencies||UFX|
|# of forex pairs offered|
|Major forex pairs||Yes|
|Minor forex pairs||Yes|
|Exotic forex pairs||Yes|
|# of commodities offered|
|Indiced & Stock CFDs||UFX|
|# of Stocks offered||372|
|See UFX's Instruments|
What's the UFX trading experience like?
1) Platforms and apps
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
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.
Finally, we‘ve listed some of the popular funding methods that UFX offers its traders on the right.
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.
CFDs are leveraged products and can result in the loss of your capital. All information collected from https://www.ufx.com/ on November 21, 2017.