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UFX Broker Review
Last Updated On May 8, 2023
3.60
/ 5
| 🏦 Min. Deposit | USD 100 |
| 🛡️ Regulated By | CySEC |
| 💵 Trading Cost | USD 20 |
| ⚖️ Max. Leverage | 30:1 |
| 💹 Copy Trading | No |
| 🖥️ Platforms | MT5 |
| 💱 Instruments | Forex, Commodities, ETFs, Metals, Stock CFDs, WTIs |
Most retail CFD accounts lose money. Your capital is at risk.Last Updated On May 8, 2023
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Our verdict on UFX
UFX is a Cypriot market maker broker, founded in 2007 and regulated by CySEC. With five different accounts types, not including the swap-free option, and support for MT5 as well as the proprietary UFX platform, it’s a shame that trading conditions are not better here.
Spreads are wide, even on the more expensive accounts, and on the Micro Account (100 USD minimum deposit) you can expect a fixed spread of 4 pips on the EUR/USD. Forex education is also lacking, as well as any kind of in-house market research, though UFX do offer both Trading Central and it’s own MassInsights trend and volatility tool.
| 🏦 Min. Deposit | USD 100 |
| 🛡️ Regulated By | CySEC |
| 💵 Trading Cost | USD 20 |
| ⚖️ Max. Leverage | 30:1 |
| 💹 Copy Trading | No |
| 🖥️ Platforms | MT5 |
| 💱 Instruments | Forex, Commodities, ETFs, Metals, Stock CFDs, WTIs |
Overall Summary
Deposit & Withdrawal Methods
Supported Platforms for UFX
Account Information
Trading Conditions
Company Details
Deposit & Withdrawal Methods
Supported Platforms for UFX
Pros
- Great platform choice
- Fast and free withdrawals
- Good range of accounts
Cons
- Wide spreads
- Limited education
- Limited market analysis
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Most retail CFD accounts lose money. Your capital is at risk.
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