On-line since: 2007
Country of origin: Cyprus
Regulation: Cyprus Securities and Exchange Commission
Payment options: credit and debit cards, wire transfer, e-wallets as Skrill, Neteller, SOFORT, ELV, iDEAL, CUP, Qiwi, WebMoney, paysafecard, Neosurf, Giropay POLi CashU, and Bitcoin.
Minimum account size: from $100 to $10000
Minimum lot size: from 0.05 to 1
Leverage: up to 1:400
Spreads: from 2 to 4 pips

UFX is the global leader in the online trading industry. The company was founded in 2007. In 2011 the broker received the licence number 127/10 from the Cyprus Securities and Exchange Commission CySEC. The broker strives to ensure that all his clients make a profit by trading in the financial markets.

Risk Warning:

The broker warns that when trading CFDs, a client can quickly lose his money due to leverage. That is why the broker strongly recommends clients to think about all the risks.

Company’s values:

  • Loyalty
  • Ambition
  • Excellence

Company’s services:

The company provides a platform for trading. There are many trading instruments, in particular currencies (about 50 pairs), various CFDs, indices and shares, as well as a number of ETFs.

Terms of trade:

UFX offers 6 different account types to meet the needs of each client. All account types have fixed spreads and a wide range of trading instruments. To open an account, you need to deposit $100. Clients can choose a trading platform: unique ParagonEx Webtrader or MetaTrader 4.

Support service:

For more information, clients can contact support by phone, email, or live chat.

Feedback from traders:

Many traders noted the good work of the support service, but not everyone agrees with this. There are no delays in withdrawing funds. Also, traders often write about scams.

Advantages:

  • The company is regulated by the state
  • Variety of trading accounts
  • Choice of trading platforms
  • Broker does not charge commission

Disadvantages:

  • high spreads

Add your review

Comments about broker

Charlie trader
review UFX
19-05-22

I can't trade at UFX's platform, As the platform didn't execute on time, and always I got 5 to 20 pips slippage from my desired position. I think their price quote is delayed than the live market. So it is a losing machine for me, and till now, I had lost $320. So I am disappointed to deal with UFX and warn others about their lacking platform.

Narina trader
review UFX
18-08-21

I wanted to withdraw $1000 and was denied. UFX had deleted my gain trade records. After couple weeks of going back and forth with them, I was only able to withdraw only around $700. I would like to recommend all traders to be carefull. I had a lot of problem with UFX. As likes slow execution, constantly requotes in the news time. If I ask their support, they told unacceptable excuses. I am totally disappointed and sucked. If you want to lose your money then you could be opened an account with them.

Bianca trader
review UFX
07-04-21

The customer support team of UFX is approachable and they answer all inquiries promptly and with clarity. I think that having an established rapport with their clients is a good thing as it assures us that we are dealing with a reliable broker.

Forhia trader
review UFX
02-12-20

Last month I signed up at UFX and deposited $1000. The main cause to trade with them, they advertise that their spreads are very low like below 2 pips. When I start trading, put some orders, and then noticed that their spread is 8 pips on the usdjpy pair. I checked two other platforms I had up and their spreads were 3 pips. These people are liars. Stay away from UFX broker!

Owen trader
review UFX
20-11-20

I am trading with them since last year and this is the first time they took all my 90% of my profits. Can't wait to close my account. Their customer support is not helpful and slow, and they also execute trades against me. There are occasional requotes. They don´t solve customers problems immediately, sometimes you must wait for 2 or 3 days. It is horribly. They just care about their benefit and ignored clients' demands. So I left them to find another broker. Always no connections and requotes. Please, stay away! Now I am with two other brokers so far i am satisfied. Not as bad as UFX. They cancelled my profitable trades today. According to them, all the profits I acquired were influenced of the economic announcement.

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