UFX Overview
Website: www.ufx.com
Telephone: +44.208.150.0778
Regulation: CySEC
Minimum Deposit: $25
Spreads From: 4 PIPs
Max Leverage: 400:1

UFX Broker Review

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Overview/ background

UFX is a UK-based brokerage that specializes in contracts for difference. It is owned and operated by Reliantco Investments Limited with CySEC regulation. The company is registered in Limassol, Cyprus. Additionally, UFX enjoys all the benefits of MiFID to passport its services across Europe. The company was registered in 2014. UFX is an award-winning broker, with multiple prestigious titles to its credit. These include: European Financial FX Director of the Year in 2014 and 2015, European FX Broker of the Year in 2014 and 2015, UK Forex Winner 2015, and the UK Forex Winner for Best Forex Customer Service.

 

Account Types

Multiple account types are available to traders, including a Mini Account, a Standard Account, a Gold Account, a Platinum Account and an Islamic Account. There are unique benefits available to traders with each of these accounts. UFX has structured each account to offer different packages, based on trading preferences. For example, the Mini Account requires a minimum deposit of $500 and a minimum trading volume of $5,000. The Standard Account requires a minimum deposit of $1,000 with a minimum trading volume of $10,000. The Gold Account requires a minimum deposit of $5,000 and it sports a $50,000 minimum trading volume.

Platinum Account holders are required to make a deposit of at least $10,000 and the trading volume is $100,000. Islamic Accounts require a minimum deposit of $1,000 with a minimum trading volume of $10,000. With all these accounts, traders can enjoy things like a personal trading trainer, 24-hour life-support, daily recommendations, daily market reviews, and a video library. Only Standard, Gold and Platinum Account holders enjoy VIP trading support and exclusive updates. There are other benefits available to the higher end trading account holders such as access to the MetaTrader4 platform and SMS trading alerts.

 

Trading Platform/ software

UFX makes it easy for you to trade CFDs wherever you are. You can download the trading platform, enjoy Web-based trading, or go mobile. All the trading platforms are user-friendly and easily accessible. The no-download ParagonEx Web Trader 4.0 is particularly exciting for CFD traders. This is an upgrade on the Web Trader Platform with many novel features. If you are a mobile trader, you will enjoy the UFX trading app. It is free to download and it is perfectly suited to all makes of iOS and Android devices. UFX also features the MT4 platform. This is a cut above the rest, and only the finest brokerages offer MetaTrader4. Some of the many features include trading resources, advanced technical analysis, automated trades and charting. Note that only premium account holders can access this platform.

 

Deposit options

Deposit options include Visa, Sofort, MasterCard, Maestro, Diners Club International, American Express, POLi, Neteller and Skrill. Each of these payment methods is guaranteed secure. UFX runs SSL technology to ensure that no third-party interception of any personal information is possible. Funding options span the full spectrum of credit cards, debit cards, bank transfers, e-wallets and even Bitcoin. Other popular payment options include: Paysafecard, WebMoney, Qiwi, CashU, NeoSurf, ELV, local bank transfer and CUP.

 

Markets

The range of available assets includes popular categories such as currencies, commodities, stocks, indices, and ETFs

Commodities: silver, gold, crude oil, and natural gas

Indices: the DAX, the S&P 500, Dow Jones Industrial Average and the NASDAQ Composite Index.

ETFs (Exchange Traded Funds): DIA, GDX, USO, XLV, QQQ and others.

Currency Pairs: EUR/USD, GBP/USD, USD/JPY, GBP/JPY, EUR/GBP and others.

Stocks: Apple (AAPL), Google (GOOG), Facebook (FB) and others.

Leverage on stocks is 20:1, 400:1 on currencies and commodities, 50:1 or 100:1 on exchange traded funds, and 50:1 on indices.

 

Bonuses

UFX offers several bonuses including competitions and the rewards cashback program. It is best to contact customer support for details on the prevailing bonuses and promotional offers.

 

Customer Support

There are several ways to get in touch with customer support representatives at UFX. These include Viber or WhatsApp at +447700021284 between 6 AM GMT and 7 PM GMT. Other options include anytime assistance with global support representatives in multiple countries across Europe, the Middle East, Asia, and Russia. Traders also have the option of completing an online contact form. UFX support is available in 24 languages, including German, English, French, Polish, Dutch, Spanish, Portuguese, Norwegian, Danish, Swedish, Turkish, Romanian and others.

 

Safety

Trading at UFX is 100% safe. First of all, there are 2 layers of firewall protection to prevent unauthorized access of your accounts. Additionally, there are 2 separate server farms in different areas, Verisign SSL security for enhanced protection, armed guards protecting the servers and additional client verification and identification practices.

 

Ease of Use

We found UFX to be extremely user-friendly, with easily accessible options for trading, accounts, events, promotions, funding, tradable assets, and contact options. The trading platforms are particularly user-friendly, especially the mobile trading platform and MetaTrader4.

 

Final Thoughts

UK traders will be delighted with UFX. It offers a full range of easy to understand CFD trading options with competitive spreads, generous leverage, and a wide range of tradable assets. The trading platforms accommodate clients across the spectrum, with web, mobile and full download functionality. Security is paramount, and double layer firewalls and encryption technology guarantee that the integrity of your personal information is always safeguarded.

Pros
  • Fully regulated operations (CySEC, MiFID)
  • Hundreds of tradable assets
  • Islamic account option available
  • Strong social media presence with excellent customer support
Cons
  • No information on bonus offers
  • Limited CFD trading information
UFX Overview
Website: www.ufx.com
Telephone: +44.208.150.0778
Regulation: CySEC
Minimum Deposit: $25
Spreads From: 4 PIPs
Max Leverage: 400:1