Choosing the right broker for your trading needs is one of the most important decisions you’ll make before trading with real money. After all, your success depends greatly on the quality of the tools you’re using. Read this UFX Review to learn more about one of the world’s fastest-growingForex and CFD brokers.
General Information about UFX
UFX Global is the legal holder of the trade name UFX whose headquarters are in Vanuatu. It is licensed and authorized by the Vanuatu Financial Services Commission (license: 14581). In Europe, UFX is operated by Reliantco Investments Limited, which is regulated in Cyprus by CySEC (licence number:127/10).
As afully regulated Forex and CFD broker that has to follow strict MiFID rules to protect its trading community, UFX carries out stringent Know Your Customer and Anti-Money Laundering procedures before accepting new members. Moreover, its traders’ money is always held in segregated accounts at top-tier banks, which ensures that clients’ funds are safe and can be used only for trading.
UFX is an STP (Straight-ThroughProcessing) broker, which means that it plays only an intermediary role when its traders open and close trading positions. This means there is no conflict of interest, as UFX’s interests are aligned with those of its traders.
Since 2007, UFX has offered an excellent trading experience via several robust and professional trading platforms with unique, proprietary features like the powerful live market data feed MassInsights™ which offers real-time aggregated information about what other traders are doing. You can trade more than 500 financial assets acrossthe different asset classes ofcurrencies, commodities, indices, stocks, and ETFs.
UFX offers six account types, each suited to the needs of different types of traders. Every account has its own benefits and characteristics when it comes to educational resources, trading signals, support services, trading platforms, and size of initial deposit.
Of all the accounts, two provide the widest range of popular features: the Gold and Platinum accounts. For Muslim traders, there is an Islamic account, a swap-free option that adheres to Sharia law.
Minimum Deposit & Funding Methods
You don’t need a lot of money to start trading with UFX, as the broker requires a minimum deposit of just USD 500. Depending on the type of trading account you choose, the minimum deposit will vary. It is also possible that the minimum deposit will change accordingto the method of funding you select.
When you deposit with UFX, numerous payment methods are accepted. You can use the most popular debit cards and credit cards, wire transfers, CashU, Skrill, Neteller, Sofort, ELV, iDEAL, CUP, Qiwi, WebMoney, Paysafecard, GiroPay, and more. Also, note that UFX doesn’t charge fees on deposits.
Once your account is funded, you will be able to access up to three simple and intuitive yet professional trading platforms: a web-based platform called Web Trader, a mobile-based platform and the popular MetaTrader 5 platform.
Remember to take advantage of UFX’s unique trading technology based on the overall behaviour of its community of traders: MassInsights™. This live feed is available directly on the platform and displays information about the latest changes in market sentiment, allowing you to benefit from the wisdom of the masses through actionable insights into how the markets are moving.
Compiling this UFX reviewshowed us that this broker’s interests are completely aligned with its traders’ needs. Having operated for more than 10 years, UFX is a reliable, regulated and professional broker providing a terrific all-roundtrading experience.