UFX

UFX is a Forex broker founded in 2007 in Vanuatu and provides online trading services worldwide with the exception of the USA and some other countries where restrictions apply.

Is UFX a regulated broker?

UFX is a trademark of the broker UFX Global Limited, based in the offshore Republic of Vanuatu and regulated by the Vanuatu Financial Services Commission (VFSC). All customer funds are stored in special segregated accounts separately from the company's funds in top-level banks.

What is the maximum leverage in UFX?

The UFX broker allows you to use leverage up to 1:400.

Trading instruments

UFX offers a wide range of different trading tools. Most of these instruments are CFDs on stocks, while almost 400 American and European companies are available for trading stocks. In addition, the broker also has a pretty good set of currency pairs for trading, including more than 50 major, minor and exotic currencies. In addition to stocks and Forex, UFX offers trading on a number of major stock indices, metals, energy carriers, as well as CFDs on commodities.

Trading Platforms

All assets can be traded both on the broker's own trading platform, ParagonEx Web Trader, and on the widely used MT5 platform.

What types of accounts does UFX offer?

As for trading accounts, UFX offers its clients six different options to choose from: Micro, Mini, Standard, Gold, Platinum and Islamic, which differ in minimum deposits - from $ 100 to $ 10,000 and the size of fixed spreads - 2 points on EURUSD on Gold and Platinum accounts, 3 points on Standard account and 4 points on Mini.

UFX reserves the right to charge a $100 deactivation fee if the client's account has been inactive for three months.

What is the minimum deposit in UFX?

The minimum deposit in UFX is $100. International bank transfers, Visa, MasterCard and China UnionPay payment cards, Skrill, Neteller, Sofort, Giropay, CashU, QIWI, WebMoney, as well as Maestro, Diner's Club and American Express credit cards are accepted to replenish the account. Deposits in cryptocurrency are not accepted.

Conclusions

UFX is an offshore STP broker with Forex and CFD trading, founded in 2007 in Vanuatu and regulated by VFSC. It uses fairly high fixed spreads without commissions, allows scalping, but with the condition that the duration of the transaction will be at least one minute. Also, UFX does not provide cryptocurrencies for trading and does not accept Bitcoin as a deposit.

Before choosing a broker, we recommend that you read the reviews of UFX, as well as see our rating of Forex brokers.