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UFX Summary

Trust Rating AWhat's this?

How BrokerNotes Trust Rating is Calculated:

Our trust rating takes into account a range of factors that influence a brokers reliability and reputation, These factors include how the broker is regulated, whether they use segregated bank accounts, their years in business, banking tiers, customer support offered, and much more.

 
  • Regulated by CySEC and MiFID
  • used by over 100,000 traders
  • Over 9 years in business (established in 2007)
  • Uses investment grade Lloyds Banks for client funds
  • Client deposits are held in segregated bank accounts
Visit UFX Website Open a practice account
Losses can exceed deposits. Your capital is at risk.

BROKERNOTES

#1 FEATURED BROKER
AvaTrade logo
  • Regulated by the Central Bank of Ireland
  • Used by 200,000+ traders
  • Over 11 years in business
Visit AvaTrade to start trading

UFX Review

UFX
Trust Rating A
  • Regulated by CySEC and MiFID
  • used by over 100,000 traders
  • Over 9 years in business (established in 2007)
  • Uses investment grade Lloyds Banks for client funds
Visit UFX to start trading
UFX
4.1 5 43

UFX Review

UFX is a popular online broker, famous for their MassInsights technology which helps to identify trends and market sentiment by aggregating the trades of their clients. With UFX you can trade a wide variety of financial instruments including global shares, currencies, commodities, oil, metals, and indices.

UFX were established in 2007 and have quickly become one of the most popular brokers, boasting over 100,000 traders and have popular athletes like Mike Tindall among their brand ambassadors.

UFX offer fixed spread, no commission trading, leverage up to 400:1, no fees on deposits or withdrawals options (on certain deposit/withdrawal methods) and are regulated by CySEC and MiFID.

UFX offer a user friendly trading platform that is easy to understand and quickly allows the user to see the market sentiment of UFX traders. UFX also provide an online learning academy and offer personal coaching and training for both beginners and advanced traders.

UFX screenshot

UFX Spreads from (view all)

See all UFX spreads

  • Website

    Min. Deposit: $500

  • Services Offered:

    Forex

    Min. Trade: $125

  • Instruments:

    Forex, CFDs, Spread Betting, ETFs, StockBrokerage (not ETF, CFD), BitCoin

    Max. Trade: no limit

  • Excluded countries:

    Algeria, Belize, Israel, Jordan, Libyan Arab, Jamahiriya, Mauritius, Sudan, Syrian, Arab Republic Tunisia, United States, Yemen, Pakistan, Belgium

    Margin: 1%-2%

  • Platforms:

    WebTrader, MT4, adaptations suitable for iPhone and Android devices

    Leverage: Forex: on deposit of $100 1:20 on deposit from $150 1:400 Currencies: 1:400 Indices:1:20

  • Apps:

    iPhone, iPade, Apple Watch, Android, Tablet, Blackberry, Windows Phone, Web Based

    Commission: None

  • Payment & Withdrawals

    Payment methods Payment methods Payment methods Payment methods

UFX Pros & Cons

One of the main strengths of UFX is their unique MassInsights technology which providers traders with a live stream of market events and aggregated trader behaviour to easily understand market sentiment of UFX Traders.
UFX offer all the risk management features you would expect from a quality broker including, guaranteed stop losses, limit orders and trailing stops. UFX have price alerts, allow hedging and offer the MT4 platform so traders can use EA if that is their trading strategy.
UFX support over 20 languages and offer swap free accounts for Islamic traders.
However if you are looking for a broker that allows scalping, you will have to look elsewhere as they do not support scalping on their platforms.
If having floating spreads and a DMA account is also important to you, UFX may not be the best broker for you. They also do charge an inactivity fee and do not offer a VPS service, so if these are deal breakers for you, UFX would not be a suitable broker for your situation.

  • No deposit or withdrawal fees
  • Has guaranteed stop losses & limit orders
  • Allows one click trades
  • Has trailing stops
  • Offers price alerts
  • Allows Hedging
  • Allows EA integration and automated trading
  • Offers Islamic accounts
  • Available in 20+ languages
  • Charges inactivity fee
  • Does not offer variable spreads
  • Does not allow Scalping
  • Does not offer VPS services
  • Does not offer DMA Accounts

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Financial spread bets and CFD trades are leveraged products, which means you could lose more than your deposits. If you’re hazy on exactly what that means, you shouldn’t trade.