How Reliable Is Ufx Forex Broker? The Answer’s One Click Away
When a UFX customer has any queries regarding UFX the UFX customer support team should take these issues seriously and offer a eur quick and effective solution. UFX have a great client support team, which is why we have rated their customer service highly.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. UFX can be ranked above all other financial trading industries when it comes to trading applications. The broker also offers MassInsight technology, which comes as an extra feature in the platform.
It offers a live stream of news announcements, market sentiments, market openings, and market events. For traders depositing more than 1,000$ initially in their accounts, UFX provides the Trading Central as a leading financial research providing platform. UFX provides traders a wide range of more than 500 instruments for trading, comprising currency pairs, commodities, indices, stocks, and ETFs. Users of UFX also have the flexibility to trade cryptocurrencies if accounts are synchronized via auto-cryptocurrency trading platforms like Bitcoin Trader. Further, UFX offers fixed spreads through all accounts, which are comparatively higher than its competitors. The firm has been in the industry since 2010 so that is a check on pros side. I should praise two features that UFX is offering for traders; fixed spreads and MassInsights Technology.
- Many complained about the account manager who works against their benefit.
- Main advantages of UFX include a personal manager, safe trading, as well as IFSC and CySEC license.
- In 2021, currency traders need the proper assistance of reputed brokers in helping them sell or buy foreign currencies.
- UFX Markets referrals are rewarded, with a clear and straightforward concept compensating up to 10 levels of referral.
- The FPA recommends the highest level of caution dealing with this company.
- UFX Partners offer one of the most generous affiliate programs in the online financial industry, with Competitive CPA, Revenue Sharing, and Hybrid commissions.
Further, UFX offers a wide choice of accounts, which includes Micro, Mini, Standard, Gold, Platinum, and Islamic accounts. The minimum deposit requirement for the Micro/Mini account is $250. The Islamic account, popularly known as swap-free accounts, follows Islamic Sharia law and hence are interest-free accounts. top forex brokers who offer variable spreads keeping beginners as well as experienced traders in mind. UFX provides you personalized account managers who provide expert advice and help you manage your accounts, funds, etc.
The Legitimacy Of Ufx
Additionally, UFX support center is owned by the Central Markets Limited that owns FCA license. Note that the content on this site should not be considered investment advice. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive a commission from the companies we feature on this site. UFX offers top-notch software trading tools like MassInsight technology and Trading Central. First, a daily market and financial research section and a financial calendar that displays a prediction of all the upcoming events are available on the brokers website. Yet further, the apps also come equipped with MassInsights Technology and abundant cutting-edge trade soft-tools.
The EUR/USD, the most liquid currency pair, ranges between 2.0 pips and 4.0 pips. A $100 inactivity is charged every 45 days for accounts with no trading activity for 45 days, and a 0.1% hedging fee is additionally levied. UFX provides traders plenty of choices when it comes to payment processors. Traders may select between bank wires, credit/debit cards, Skrill, Neteller, SOFORT, ELV, giropay, iDEAL, Neosurf, China UnionPay, CashU, Qiwi, WebMoney, POLi, and paysafecard. This broker provides comprehensive information about each service but fails to not associated fees and processing times. Per AML stipulations, the UFX account name and the payment processor must be identical.
In 2021, it is likely to stay more attractive for established traders in the forex and CFD markets. If you are interested in trading with UFX, please take out some time to read and research the whole UFX review. But, if you are a beginner in trading with UFX, you can also read and analyse other UFX reviews before start trading with this broker. These offices are helping UFX provide their services and customer support to clients from multiple countries. We hope that this UFX review might be useful for you before you start trading with it.
Unfortunately, UFX uses this promise of research to lure new accounts with more substantial deposits. The Daily Market Review features daily trading recommendations, based on Trading Central research. Education is not offered by UFX, another critical error by this market-maker focused on the retail sector. There are no distinctly unique features at UFX besides the MassInsights service which was previously mentioned.
UFX’s web trader has user friendly environment and MassInsights™ Technology to support investors. UFX is a member of an Investor Compensation Fund that secures the claims of all retail clients should the firm not be able to return directly or indirectly held client funds. Over the years, they’ve successfully established themselves as highly reputable. They have a perfect marketing approach, and their customer support appears to be highly-knowledgeable. Their MassInsights technology is capable of analyzing trader feeling data.
Forex Broker Comparison:
It comes with the features and functionalities of the mini account. There is a loyalty program called “Cashback,” which rewards the traders based on the high Currencies forex volumes of trades they execute. UFX also holds recurring competitions among its traders, which offer attractive prizes such as a Lotus Elise sports car.
You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world. Nowadays, it is a very rare occurrence to receive a personalized service. However, UFX is doing things a little different by offering all customers access to complimentary training services, tailored to suit your own needs. And this personal support doesnâ€™t disappear as soon as you become competent. We didnâ€™t really have enough time to get the full value of this feature, but weâ€™re pretty sure itâ€™s a useful service.
They specialize in commodities, ETFs, indices, currency pairs, and stocks. I have been in trading business for almost 30 years and the latest 15 years of this period has been devoted to foreign exchange trading. Traders can choose between credit cards, eWallets and bank wire transfer. Some of the major credit cards accepted include VISA, Diners, Mastercard, American Express and Maestro.
Is Ufx A Scam?
According to UFX review, the firm also contains a wide variety of commodities through an in-house trading application as well as via MetaTrader5. Backing our analysis, we can conclude that UFX is a reliable online trading broker with an outstanding reputation. It has a track record of offering splendid financial trading proficiency. UFX trading platform also provides a broad range of forex pairs and has effectively increased its variety of CFDs across Single-Stocks, ETFs, and Cryptocurrency CFDs. The MetaTrader4 software comes with an advanced charting package and a large library of technical pointers. The software also backs multiple orders, automated trading via skilled advisors, and supports multiple languages for users to effectively customize the interface.
It is allowed to select the WebTrader, desktop MT4 and also mobile trading platform. As a lucrative account type, Gold account features SMS trading alerts and also access to the top-tier MetaTrader 4 platform. To get even more personalized approach, consider choosing Platinum. Our UFX review admits that the minimum deposit here is $10,000, though this amount seems to be justified.
As every other Cypriot broker, they are registered with CySEC, one of Europe’s most famous regulators. The company is also regulated by the MiFID Directive which means that they meet the EU standards. The company is relatively new in the business, but still, it made some headlines of one or the other kind. The firm offers numerous account types like a Islamic account for traders to comply with the Sharia law.
Ufx Markets Review: Unique Approach And Great Trading Conditions
When it comes to eWallets, customers can use various wallets including Poli, Skrill, Neteller, and Sofort. We should also mention that the broker has a minimum What is UFX Forex Broker deposit and withdrawal amounts of $50 and $70 respectively. UFX offers multiple trading platforms to take care of the trading needs of various traders.
UFX also offers its services to traders in many countries including, South Africa, Saudi Arabia, Czech Republic, European Union, etc. UFX has risk management features like stop loss limits, price alerts, negative balance protection, and limit orders. The firm offers two licensed trading applications, which is also available on mobile devices. UFX mobile trading brings mental peace and tranquillity to traders as it eliminates the thought of missing the trading prospects. All content on this website including articles, data, website design and environments(collectively the „Content“), is the property of Hercules.Finance or its partnered companies‘.
UFX trading platform provides its customers with an advanced, trusted platform for trading forex, CFDs on indices, shares, commodities, ETFs, futures, crude oil, and cryptocurrencies. UFX broker has earned an optimistic reputation ever since its inception in 2007. To make sure traders have an easy time depositing and withdrawing their funds, the broker supports various methods of payment. Some of these methods include bank wire transfers, credit cards as well as eWallets. For the EUR/USD pair, this broker provides a fixed spread of 4 pips for the mini and micro accounts and three pips for the standard account.
With Negative balance protection means traders cannot lose more money than they have deposited. When you send in a withdrawal request to UFX, this will be honored. If they violate any regulatory rules their regulated status can be stripped. Stocks, currency and other commodities Foreign exchange autotrading and instruments will be purchased by UFX even if no buyer is lined up. Take time to look around the UFX platforms and train yourself to think more systematically and logically about the markets. It’s a new skill-set for many, but it is what the market requires of you.
Worst Forex Brokers In South Africa
Apart from operating on the MetaTrader4 platform, the company also offers a proprietary trading platform known as ParagonEx, which has charts powered by NetDania. UFX, formerly known as UFX Markets, was established in 2007 by a group of industry professionals. In 2011, the company was regulated by the Cyprus Securities and Exchange under Reliantco Investment Limited entity.