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.
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.
Forex, CFDs, Spread Betting, ETFs, StockBrokerage (not ETF, CFD), BitCoin
Algeria, Belize, Israel, Jordan, Libyan Arab, Jamahiriya, Mauritius, Sudan, Syrian, Arab Republic Tunisia, United States, Yemen, Pakistan, Belgium
WebTrader, MT4, adaptations suitable for iPhone and Android devices
iPhone, iPade, Apple Watch, Android, Tablet, Blackberry, Windows Phone, Web Based
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.