UFX Review

Established: 2007
Located in Belize
Regulation: MiFID
Platforms: MT4 & proprietary
Minimum Deposit: $50
Minimum Withdrawal: $70
Leverage: 400:1
Assets: Share, commodity & index CFDs and forex pairs.
Accounts: 5 – Mini (min. dep. $100) to Platinum (min. dep. $10,000)
Payment Methods: Major credit cards, Skrill, Neteller, Sofort, Webmoney, Qiwi and CashU plus wired bank transfers.

 

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A veteran on the Forex horizon, UFX has been around since 2007 and one of the first to receive European regulatory status from the Cyprus authorities 3 years later and from MIFID in 2013.

The company offers daily market reviews and 24-hour support. They also maintain a large video library, personal coaching and – for Platinum members – SMS text5 alerts.

For the more experienced traders, MT4 is available, and for those requesting them – Islamic accounts that abide by usury and banking regulations.

Newcomers can also request a demo account for a limited period, and besides the 30% welcome bonus, $50 bonus incentives are also available. Spreads are fixed and timely margin calls provided to the investor.

Support is in 15 languages and the company website supports 25 languages.

Advantages:

  • Wide selection of accounts
  • Islamic accounts
  • Mass Insight technology

Disadvantages:

  • Bonus incentives

Conclusion:

UFX offers all the integrated services one would expect of a top line brokerage. Its proprietary platform is easy and straightforward.