Online brokerage companies have made it very easy and convenient for brokers to trade in their own homes. Gone are the days when you have to physically fill out forms and go out to trade. With online brokers, you can do all these things with just your mobile phones or computers.
Traders who are particularly interested in Foreign Exchange Trading are finding it easier and quicker to transact and invest because of online brokers. With just a quick search, traders will find numerous online brokers that promise to fulfill all your needs as an investor. However, too many choices just make it more difficult for investors to choose.
UFX is a straight-through-processing or STP broker founded in Cyprus in 2007. STP is a process employed by various financial institutions to speed up transactions. It’s one of the reasons for UFX’s popularity among traders.
Devotion, determination, and excellence are the core values UFX lives by. They make sure to help clients with their investment goals by providing them with cutting edge tools as well as reliable customer support.
Over the years, UFX has won many awards and recognitions for its services. This includes UK Forex Awards, FX Report Awards, The European Global, and Banking Awards among many others. Their customer service is another area where they excel. UFX is just where trading makes sense.
Regulated BrokerVariety of CoinsAvailable via App
when trading CFDs with this provider
As an online broker, you only want to protect what you have. UFX understands the value of your hard-earned money. Thus, they employed extensive measures to provide the safety and security that you deserve.
UFX is fully regulated by the Cyprus Securities and Exchange Commission or CySEC. Furthermore, UFX is also under strict regulation of Markets in Financial Instruments Directive (MiFID II) of the European Union. UFX is also regulated by individual countries’ supervising authorities. You can find a full list on the official website of UFX.
Consequently, these regulating bodies oversee UFX’s and other brokers’ performance and standards to provide safety to their clients. They have the right to impose penalties or suspend licenses whenever a violation is committed.
The UFX website makes use of Verisign Secured Socket Layer or SSL technology to ensure clients’ maximum safety. Furthermore, layered backup systems are also used for added protection. Payments made through the website are also secure. They use 3D secure payment processing to carry out safe transactions every time.
Note that there is a high risk of trading foreign exchange. Due to its inherent unpredictability, you should never assume a secure amount of profit, and also consider some profitable losses along with it.
With UFX, clients can trade currencies, commodities, indices, stocks, Exchange Traded Funds (ETF). Currently, UFX offers over 60 currency pairs for trading. Furthermore, they offer 10 ETF, 29 stocks, 7 market indices, and 7 commodities.
Moreover, they also have fixed spreads. They are also a straight-through-processing broker which allows for faster execution of trades.
UFX charges its fees through a rollover or overnight swap. This pertains to the interest difference between the two currencies being traded. The amount varies depending on currency pairs.
Rollover fees will be paid at 0:00 GMT which is the end of the trading day. Note that interest is computed daily. UFX doesn’t charge rollover commissions.
When it comes to Withdrawal Fees, UFX doesn’t charge any. However, clients may be charged by their respective banks depending on their policies. Moreover, UFX doesn’t charge deposit fees as well but requires a minimum deposit.
UFX understands that their clients’ needs vary depending on their goals. Thus, they make sure to offer a wide range of trading accounts to fit their clients’ concerns.
They currently offer 6 types of accounts namely Micro/Mini, Mini, Standard, Gold, Platinum, and Islamic.
Micro/Mini is their account with the least minimum required initial deposit ($100). It’s perfect for beginners who don’t want to shell out a lot of cash. It includes Daily Market Reviews, Video Library, Daily Recommendations, and 24-h live support.
Clients can also unlock all of UFX’s features with their Gold and Platinum accounts. These include all of Micro/Mini’s features as well as VIP Trading Support, Exclusive Updates, and access to MT5 platform.
UFX wants to make sure that transactions go smoothly using their platform. That’s why they provided numerous avenues for clients to make deposits and withdrawals.
They currently accept major credit cards (Mastercard, Visa, Visa Electron, Maestro, Diner’s Club). Bank wire transfers are also available for those who want a more traditional approach. This can be made online, via phone or cash deposit to your nearest bank branch.
Other payments available include Skrill, Neteller, Sofort, ELV, Giropay, iDEAL, Neosurf, China Unionpay, CashU, Qiwi, Webmoney, polI, and Paysafe card.
With all these funding methods, clients can easily fund their accounts according to their preference without any hassle.
Withdrawals in UFX accounts are also made easy. Clients can withdraw via Credit Card, eWallet or Bank Wire. The minimum withdrawal amount is $25.
To do this, simply login to your account via desktop or mobile app. Under “Personal Menu” on the upper right corner, select “Withdraw Funds”.
UFX has made sure that opening an account would be a smooth-sailing journey:
Different clients have varying needs. Thus, they require different trading platforms to carry out their trades. At the moment, they currently offer Web Trader, Mobile Trading Platform, Metatrader 5, and Trading Central.
For the Web Trader platform, they make use of MassInsights™ Technology. This is a revolutionary technology that transforms how clients trade on their computers. Some of its elements are as follows: Trending, Turnaround, Volatility Spotted, Increase in Openings, Volume Growth, Financial Events Calendar, and Market News.
All of these don’t require installations or additional downloads. Clients just need to go to UFX’s website to gain access.
Meanwhile, their Mobile Trading Platform allows traders to hold the markets right at the palm of their hands. It’s the same impressive MassInsights™ Technology just made smaller and compact. The UFX app can be downloaded from the App Store or Google Play.
MetaTrader 5 is an all-in-one platform that allows for more flexible trading. It makes use of Virtual Private Server or VPS to allow your account to continue trading even when your computer is turned off. It’s ideal for day-to-day traders who need constant access.
MT5 is an overall comfortable and powerful platform that gives you pro-level technical and fundamental analyses, as well as trading signals that prompt you whenever important patterns arise.
Lastly, UFX has managed to partner with Trading Central™. This allows clients to gain access to valuable investment resources and analysis straight from market experts. This feature is available for accounts with over $1000 deposit.
No one wants to go into online trading without having to see it for themselves first. That’s why UFX has made it possible for potential clients to try a demo.
With the demo account, clients have $10,000 as capital. This allows users to trade stocks, currencies, and commodities using their powerful platform, without committing any amount.
UFX clients have the advantage of social trading. This feature allows traders to discover how others trade, allowing clients to copy them as per their discretion. It’s perfect for those who want to learn as they trade.
All investors and traders want to have access to the latest market news at any moment. This crucial information often determines a trader’s success.
Accounts with over $1000 have access to Trading Central™. They are an award-winning investment decision support that takes advantage of technology and innovation to provide the best research and analytics for investors.
As previously mentioned, some UFX accounts are entitled to MetaTrader 5 use. With MetaTrader 5, clients have access to a VPS. This enables users to continuously trade even when their computers are turned off or from a remote location.
Clients can stay on top of important economic events and news with UFX’s economic calendar. Their calendar is quick-updating and highly interactive.
UFX values the importance of education and information. They provide clients access to important information with Trading Central™. This allows clients to receive daily market news, as well as important analytics straight from top experts in the field.
The company also understands the volatility of the trading markets. That’s why they include the CySEC Knowledge Test on their website as part of their strict adherence to its standards. This is to ensure potential clients are knowledgeable enough about the risks and ins and outs of trading.
UFX’s customer support is simply unrivaled. Support and assistance are available 24/5 via live chat. You may also reach them via phone call in all their 23 countries of operations.
Just visit their website for the list of contact numbers. For more information or questions about their services, you may send them an email.
Security and safety are the top advantages you’ll get with UFX. Their extremely safe platforms are fully encrypted. So, any transactions or tradings made within their platforms are only seen by you.
Although UFX hasn’t been around for as long as other online brokers, their unstained reputation in the online brokerage industry just goes to show that you’re dealing with a reliable and reputable company. Over the 13 years they have operated, they have garnered various awards and recognitions.
Furthermore, while most online brokers offer MetaTrader 4, UFX is one step ahead with MetaTrader 5 – a more advanced version. They also give clients access to exclusive tools like Trading Central™.
Nowadays, it’s difficult to tell apart various online brokers. Because of the overwhelming number of companies in the industry, it’s almost impossible to decide which one will a client benefit more from.
UFX has the advantage in most areas. They have managed to employ MassInsights™ Technology across all their trading platforms. Because of this, their platforms’ interface is much more intuitive, powerful, and seamless.
Furthermore, Trading Central™ access is another unique feature of UFX. They are known for setting the standard for market research and analytics.
A combination of AI market research, news sentiment, and fundamental analysis have made Trading Central™ a premium investment support for many online brokers worldwide.
UFX is an overall reliable online broker for foreign exchange trading investors. Apart from being reliable, they offer clients the most up-to-date and powerful tools to help them in their trading journey. It ticks all the boxes when it comes to choosing a good online broker. It’s safe, secure, great for both beginners and experienced traders.
Due to leverage, these tools, in general, pose a high risk of losses. Thus, potential clients should understand how trading works as well as accept the possible losses they may incur.
Regulated BrokerVariety of CoinsAvailable via App
when trading CFDs with this provider
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