No matter the platform used, UFX will notify traders if they try to trade in these conditions. In case of any issue or question, traders can access customer care support through a live chat on the Retail foreign exchange trading UFX website. Also, there is an option of contacting customer support through 24 toll-free numbers or email. This platform also features MassInsight Technology and other advanced trading tools.
- New accounts require verification via a copy of the trader’s ID and one proof of residency document.
- More details on these swap rates are explained on the UFX website.
- Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset.
- This insurance policy ensures that you are covered up to EUR 20,000 if the broker goes bankrupt.
- Of course, these are still available on demand within the platform.
- Our team of UFX review experts was pleased to find that this broker offers plenty of payment options for you.
Most importantly, their trading platforms support mobile trading. The broker also offers additional trading content and research insights from iSignals and Alliance Signals.
Founded in 2007, UFX has evolved as a leading forex trading platform. As of 2021, UFX offers its broker services as a Straight-through-Processing operator. With this business model, the broker does not take any market positions opposing the trading positions of its clients. It provides its clients with best-in-class trading platforms, which help them meet their trading goals and gain profits in a short time. The company is also known for offering competitive spreads on the exchanges. As this UFX Markets review demonstrates, the company is very focused on user friendly interface, simplicity, and usability of the platform.
Is My Money Safe With Ufx?
It is a digital process conducted online on the official website of the company. Traders need to fill an online application that states their personal information and contact information. Be it a beginner or an trading strategy expert; every trader should consider using the services of a trusted forex intermediary. In 2021, currency traders need the proper assistance of reputed brokers in helping them sell or buy foreign currencies.
UFX offers competitive spreads, good leverage and good live chat support as well as personal account managers to help the clients to the best of their abilities. UFX Markets accepts 18 different payment methods and charges no commission or fees, except for the spread. UFX, a Cyprus-based online brokerage privately owned by Reliantco Investments Limited, has been in the business since 2007. The UFX trading service is operated under a registered license number authorized by the securities commission in Cyprus. Further into the review, the broker has been analyzed based on its trading platform offerings and types of accounts. From providing a feature-rich demo account to having the most advanced trading accounts, the company covers almost every need of its clients. While the top-tier accounts are expensive, they offer the benefits of its proprietary MassInsights Technology and other trading tools.
Asian countries such as Thailand, Singapore, India, and Hong Kong, are also legally available for the company. It is also operational in European countries such as France, Norway, Germany, Sweden, Denmark, Luxembourg, and Italy. The United Arab Emirates, Kuwait, Saudi Arabia, and Qatar are some of the Middle East countries where the broker is legally operational. Please note that UFX is not available in Canada and the United States. Yes, our UFX review found that this broker is regulated by the Cyprus Securities and Exchange Commission.
How Can I Start Trading With Ufx?
They also launched a new version of the platform ParagonEx 4.0. The broker-owned platforms are web-based and can be opened in any browser. As already known, the MT4 offers many conveniences to traders like automated trading, free trading signals, hedging, etc. Regarding UFX’s in-house platform, it is considered very intuitive and suitable for trading. The platform gives clear instructions on trade executions; it is not overwhelmed with useless distracting feeds and has a clear interface which makes you focus on your trades. The accompanying UFX mobile app is also a part of the standard offer for both platform types.
In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss. The MT4 platform has become easily the most popular fx currency and CFD trading platform in the business. It’s been embraced by approximately 80 percent of the brokers on the marketplace.
Does Ufx Allow Scalping?
The best thing about these apps is; they are easy to navigate and come with a broad range of useful features. When it comes to charting, the apps offer unique experiences and come with multiple drawing tools and indicators. Furthermore, UFX offers trading information and research insights from Alliance Signal and iSignals. What is UFX Forex Broker The content is in the form of articles and videos to give traders more market analysis. UFX supports a wide range of methods of payment methods to facilitate the deposits and withdrawals of funds. Commissions – UFX does not charge any commission but instead receive compensation in the form of market spreads.
UFX’s offerings are ideal for long-term investors and speculators. The quickest and easiest way to contact customer support is through live chat, which is available 24/5. UFX has decided to reward loyal clients with a cashback programme and it is claimed it is currently the only offer of its type given in the world of Forex trading. For every trade you make UFX will award you a certain amount of cashback, depending on the type of asset. UFX allots you a trading target, once you’ve made your first deposit. Once this target has been reached you will be able to redeem your cashback award.
What Is The Minimum Deposit At Ufx?
UFX is owned by Reliantco Investments Ltd and was originally founded in 2007. However, it didnâ€™t become an EU regulated broker until 2011. With its center of operations located in Cyprus, it is licensed and regulated by CySEC. As such, it also operates under the guidelines set by the Markets in Financial Instruments Directive. Certainly worth knowing, if youâ€™re looking for a trustworthy CFD broker. It has recently received some prestigious awards including European 2015 FX broker of the Year, the UK Forex Awards 2015 Best Value Forex Broker, and Best Forex Customer Service. UFX provides very competitive trading conditions with fixed spreads and no surprises.
After knowing all these details, you’ll know if it is safe or not to trade with UFX. The UFX website is mobile-responsive, which means that it works flawlessly on any mobile device, regardless of the platform. You can also easily trade on your mobile device with UFX as this broker offers a mobile version of their ParagonEx trading platform and MT5.
Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. The UFX platform is available to use on multiple devices incldingWindows PC, IOS devices like iPhones and iPads, Android devices and online through a Web Browser. This UFX review was written by industry experts with over 20 years of financial experience in Forex, CFDs, Social Trading. If you are the owner of this platform you can manage this account. Besides cashback promo, the broker offers free $50 for the phone verification. UFX experts are widely recognized and very helpful, and although there are ongoing disputes in reviews online, their quality is undeniable. In addition to this, this technology offers Forex calendar, alarms on assets with significant increases of volume, strong up and down movements.
The MetaTrader 4 and MetaTrader 5 mobile applications are available on iOS and Android devices. ParagonEx WebTrader 4.0 is a web app that runs perfectly through browser applications such as Google Chrome and Safari on mobile devices. MT5 allows you to open over 100 charts at the same time and has 21 timeframes. It comes with more than 80 indicators and allows expert advisors or automated trading. CySEC also imposes that all the brokers they regulate join the Investor Compensation Fund. This insurance policy ensures that you are covered up to EUR 20,000 if the broker goes bankrupt.
Standard Trading Account
All money funded to UFX is placed into a segregated tier 1 bank account. this means your money in not held by UFX directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate Currencies forex your money. Also UFX is regulated by Cyprus Securities and Exchange Commission . We sent messages to UFX livechat through their app and website and recieved a response within 3 minutes.