UFX Quick reference
The broker is owned by UFX Global Limited, which is registered in the Republic of Vanuatu. For payment services it uses another company registered in the UK. Since 2011 it successfully extends the license of Cypriot CySEC - one of the most respectable regulators of the European Union. It complies with EU financial standards.
- over 50 currency pairs,
- CFD on raw materials,
Accounts and trading conditions
The minimum deposit is from 100 of USD, but most of the options open with $ 500.
There is no commission - the broker makes money on spreads. Their size is fixed, it varies among different types of accounts.
If the account has not been used for 3 months - UFX will charge $ 50 for deactivation.
The broker provides 6 types of accounts, including Islamic. Their features have been collected in a convenient comparison table.
Popular all over the world, MetaTrader 5 and its own patented UFX Web Trader that does not require installation and is accessible from any browser.
Deposit and withdrawal of money
- bank transfers;
- MasterCard, Visa and Visa Electron, Maestro, Diners Club debit and credit cards;
- electronic systems and wallets WebMoney, QIWI, Skrill, Sofort, iDEAL, Neteller, Cashu, POLi and other popular.
Two nuances must be taken into account:
- account verification is required,
- withdrawal is made exactly in the same way as money deposit. This rule was enacted to fight against money laundering, but it can create inconvenience to law-abiding traders.
Do we recommend?
Absolutely. UFX has been operating in the financial markets since 2007, since 2011 it has been retaining a valid license from one of the most captious and reliable regulators - CySEC. And that is very valuable.
In order not to be disappointed with the broker, we recommend that you carefully study all the conditions, read the notes, and just to be sure also ask your manager or technical support the most significant points.
There are many conditions and nuances, plus you can come across features for traders from different countries. And mentally get ready that you can be tired of bureaucracy - that is the payment for official work and increased security.