3.45 5 63
  1. Home
  2. Compare Forex brokers
  3. UFX review

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 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.

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.

PROS

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

CONS

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.

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

See all Spreads

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:

UFX
Spread from: $40.00 $0.00 $0.00
Typical overnight fee: $0.00 $0.00 $0.00
Commission: 0
Total cost of a 100k trade: $40 $0 $0
+$40 saving +$40 saving
Visit UFX Visit Visit

All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.

General Fees

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

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • the roll over fee for long positions on EUR/USD is $Not available
  • the roll over fee for short positions on EUR/USD is $Not available

Commissions

  • UFX does charge commission on CFD shares

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
Cryptocurrencies Yes
Commodity CFDs UFX
# of commodities offered
Metals Yes
Energies Yes
Agricultural Yes
Indiced & Stock CFDs UFX
# of Stocks offered 372
UK Shares Yes
US Shares Yes
German Shares Yes
Japanese Shares Yes
See UFX'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

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.

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

Funding methods:

  • Credit cards
  • Bank Transfer
  • 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.

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.