image UFX VISIT UFX image Markets.com VISIT MARKETS.COM image Forex.com VISIT FOREX.COM
About

UFX is regulated by CySEC. UFX have provided Stocks, Indices and CFDs, Currencies, Commodities, ETFs trading services since 2007.

Markets.com is regulated by CySEC, Financial Services Board. Markets.com have provided Forex, Shares, Indices, Commodities, ETF and CFD trading services since 2008.

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 11 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 10 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC, Financial Services Board
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters 26 Makarios III Avenue, Mesa Geitonia, Limassol Cyprus 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, NICOSIA CYPRUS London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting No No No
Social Trading Yes No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 49 56 80
Commodities Offered 0 0 12
Stocks Offered 372 2000 220
Bitcoin Yes Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes Yes Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs Yes Yes Yes
IPO No No Yes
See all instruments

74.3% of retail investor accounts lose money when trading CFDs with UFX.

See all instruments

73% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

70% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No Yes No
MT4 Mac No No No
WebTrader Yes Yes Yes
Mirror Trader No No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms MassInsights Safecap FOREXTrader PRO

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes No Yes
Available Languages

Arabic, English, French, Portuguese, and Russian

Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish

English, Chinese, and Arabic

See platform & features

74.3% of retail investor accounts lose money when trading CFDs with UFX.

See platform & features

73% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

70% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by UFX and Markets.com

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account Yes No No
Standard account Yes Yes Yes
ECN Account No No Yes
Islamic account Yes Yes Yes
Zero spread account No No No
VIP account No Yes No
Fixed spreads Yes Yes Yes
Variable spreads No Yes Yes
See account options

74.3% of retail investor accounts lose money when trading CFDs with UFX.

See account options

73% of retail investor accounts lose money when trading CFDs with this provider

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping No Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No No No
Direct market access No No Yes
STP broker Yes No Yes
Market maker Yes Yes Yes
Min trade $125 0.01 Lot Varies
Max trade None None 5 million
Min deposit $500 $100 $50

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes Yes Yes
Signal trading Yes Yes No

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No Yes No
Neteller Yes No No
Skrill No No No
Payment processing time Varies Varies Varies
Withdrawal processing time Varies Varies 1-2 business days
See all funding options

74.3% of retail investor accounts lose money when trading CFDs with UFX.

See all funding options

73% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE BE
Contact email Send Email Send Email Send Email
phone number 44.208.150.0778 357-2-203-0583 Yes
Live Chat Yes Yes Yes
Website https://www.ufx.com/ https://www.markets.com http://www.forex.com
Forex Spreads
EUR/USD 4.00 1.00
GBP/USD 5.00 0.30 1.00
USD/JPY 4.00 0.20 0.90
AUD/USD 5.0 3.0 1.2
Cryptocurrency Spreads 2000.0 12.0 N/A
View all FX spreads

74.3% of retail investor accounts lose money when trading CFDs with UFX.

View all FX spreads

73% of retail investor accounts lose money when trading CFDs with this provider

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 600 2 250.0
Nasdaq 100 350 1.50 130.0
Euro Stoxx 50 N/A 2 4.0
ASX 200
S&P 500 150 1 50.0
FTSE 100 N/A 2 150.0
Google 20.0 1.25 N/A
Facebook N/A 0.2 N/A
View all spreads

74.3% of retail investor accounts lose money when trading CFDs with UFX.

View all spreads

73% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee Yes Yes No
Commission Yes No No
Deposit Fee No No No
Withdrawal Fee No No No
View All Fees

74.3% of retail investor accounts lose money when trading CFDs with UFX.

View All Fees

73% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from https://www.ufx.com/. Last updated on 01/07/2019.

All information collected from https://www.markets.com. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

UFX was founded in 2007 and is regulated by CySEC. UFX is a STP broker which means they do not take opposing trades to yours, this means their success is bound by your success.
They offer fixed and stable spreads across a multitude of markets around the globe using state of the art technology, including their award winning proprietary platform. Their focus on customer service has led to a number of industry awards and can be contacted 24 hours a day Mon to Fri. UFX processes are encrypted and secure, to ensure your funds are always safe.

For more information about trading with UFX, we have put together an indepth UFX review with all the pros and cons about this broker.

Markets.com provide an in-house trading platform that is powerful yet friendly for the user. They give you access to all the popular markets including stocks, currencies, commodities and indicies. Markets.com are regulated by multiple authorities in Europe and provide a secure and transparent service, helping to make them one of the fastest growing Forex and CFD provider. They also provide 24 hour customer support five days a week and have zero commissions and fees on top their platforms.

Setting up an account is simple and take less than 3 minutes - simply sign up and verify your details. They make trading easy for traders by providing a variety of tools including stop loss, take profit, entry limit and entry stop orders. You can stay up to date and trade on the go with their user friendly apps and depositing and withdrawal fund incur no extra fees or commission.

For more information about trading with Markets.com, we have put together an indepth Markets.com review with all the pros and cons about this broker.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

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UFX or Markets.com?

Who is accepts Scalping?

If you want a broker that allows you to scalp as a trading strategy, Markets.com may be more suitable. UFX and Markets.com offer similar trading methods.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Markets.com to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

UFX is regulated by CySEC, while Markets.com is regulated by CySEC, Financial Services Board.

Forex.com are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

UFX has been around for 12 years, while Markets.com have been around for 11 years. Our third alternative broker, Forex.com, have been around for 20 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both UFX and Markets.com use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on UFX or Markets.com in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

UFX is a privately owned company, while on the other hand Markets.com is still a publicly listed company.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

UFX are based in 26 Makarios III Avenue, Mesa Geitonia, Limassol Cyprus, while Markets.com are based in 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, NICOSIA CYPRUS.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both UFX and Markets.com offer forex trading. Markets.com have a slightly larger variety of currency pairs with 56 pairs, compared to 49 offered by UFX. Also, if you’re looking to trade cryptocurrencies, UFX offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both UFX and Markets.com allow you to trade commodities like gold, silver and crude oil.

UFX also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both UFX and Markets.com offer this. Markets.com also offer the new & improved MT5 platform. Our alternative broker, Forex.com, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Markets.com, for example, offer a mini account, standard account and VIP account.

For Muslim traders, UFX offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

UFX does not allow scalping but allows hedging. While Markets.com also allows scalping and hedging. You can trade with EAs (expert advisors) on both UFX and Markets.com.

In terms of risk management tools, both brokers offer negative balance protection to prevent you owing your broker more than you’ve deposited.

UFX also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

UFX accept Neteller while Markets.com accept Paypal.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, UFX charges 4.00 points, while Markets.com charges points. Therefore, Markets.com is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: UFX or Markets.com?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Markets.com is more reliable based on our criteria above. UFX has a wider range of instruments to trade. Markets.com offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.