68.34% of retail traders operate accounts at a loss, slightly better than the average, and a positive performance. Research is exclusively provided in partnership with Trading Central, a leader in independent third-party research, but it is solely available to traders with a minimum deposit of $1,000 and above. 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.
MetaTrader 5
UFX is a solid, albeit overpriced broker operating out of Cyprus. While the asset selection is adequate for retail traders and most advanced traders alike, the trading conditions provided are unacceptable. Proper research requires a $1,000 minimum deposit, and an Islamic account is only granted above $10,000. The MT4 trading platform was not supported at the time of this UFX review, and traders who wish to use the MT5 version are asked to deposit $5,000.
Forex fees
UFX offers multiple trading platforms to take care of the trading needs of various traders. In addition to being web-based, ParagonEX is easy to use and is mobile compatible. ParagonEX does not require downloading or installing any software. Staying true to its promise, UFX offers six (6) trading accounts tailored to the needs and preferences of the trader. The brokerage firm also caters to the religious requirements of Islam traders as it offers a swap-free account.
UFX Features
If you want to try your hand at trading ETFs, then UFX is the broker for you as they have quite a significant offering. With 42 ETFs to choose from, including EWN, XLP, GDX, and FEZ, you have plenty of opportunities to make a profit. This broker offers major pairs, such as the GBP/USD and USD/JPY, as well as various crosses, like the EUR/CAD and CAD/JPY.
What is the minimum deposit with UFX?
Once approved, your account will be converted into a swap-free one. Its regulator, CySEC, revoked its license as the company failed to provide information on its investment operation activity. In this UFX Broker Review for 2025, we’ll explore what’s left of UFX’s offering, break down its current regulatory situation, and help you determine whether it’s still safe to trade with—or best left avoided.
- Although UFX was initially licensed by CySEC under Reliantco Investments Ltd., the firm was penalized with fines totaling €100,000 for violations related to transparency and failure to maintain adequate compliance records.
- For example, if you deposited $500 via credit card, and want to withdraw $750, only $500 will be sent to your credit card.
- To make sure traders have an easy time depositing and withdrawing their funds, the broker supports various methods of payment.
- All this information is available right in your ParagonEx Web Trader, which makes this trading platform incredibly powerful.
These may include low minimum investment, zero commission investing, fractional shares, no foreign exchange fees, unlimited instant trades, tutorials, and a practice portfolio for newcomers to get used to trading with. UFX offers a variety of education resources for both beginner and seasoned traders. Users are also able to set price alerts and notifications for executed orders, margin calls, or important news events. Opening an account with UFX is straightforward and in line with other popular brokers.
UFX Portfolio and fee reports
New accounts require verification via a copy of the trader’s ID and one proof of residency document. UFX offers traders the ability to use charting tools with over 60 technical indicators. Many traders use the chart patterns available on UFX alongside news events in order to help determine when to buy and sell stock or share. CTrader is a full-featured trading platform that Forex and CFD firms can provide to their clients.The platform is jam-packed with features that cater to every type of investment preference imaginable. MT5 is considered one of the best trading platforms on the market for good reason. It is highly customizable and comes with programming that you can use to build indicators and EAs.
However, the broker also developed its proprietary trading platform called ParagonEx web trader. Being in the market for almost two decades, the UFX broker doesn’t miss on its service suite. It offers comprehensive features, services, and products, claimed to provide its traders with personalized experience. UFX provides access to multiple trading instruments including stocks, commodities, currency pairs, market indices, and ETFs.
Unfortunately, the MT4 trading platform is unavailable, while the MT5 requires a $5,000 deposit. During our UFX review we could not find support for autotrading services, making this a less-than-ideal option for more advanced traders. Having a news feed means that such features can be executed as soon as big events across the world occur. The Mini account has a minimum deposit of $500 and a minimum trading volume of $5,000. As a Mini account holder, you will receive access to everything the Micro/Mini account offers along with VIP trading support. Simple swipes help switch between the variety of functions and areas of the UFX app and there is the capability of setting price alerts and accessing training videos or forums.
- Our main concern with this broker is their inadequate regulation.
- The absence of the MT4 trading platform and lack of support for automated trading solutions represent a critical oversight.
- Our UFX review team has concluded that this is a broker who takes your safety seriously.
- Please note that our UFX review team discovered that this broker only offers MT5 for Gold accounts and above.
UFX also offers useful functions such as alerts and notifications as well as portfolio and fee reports in order to help access your trade results. These can be crucial as they allow one to receive push notifications when a specific position hits a certain price. This means you are able to move in or out of a stock without needs to be constantly watching market movements at your desk. CFD trading is a high risk trading method using leverage from a CFD broker to speculate on the price movements of assets such as stocks, forex, commodities and even cryptocurrencies.
UFX CFDs
Market orders are at their best use when the primary goal of a trader is to execute their trade immediately. Users have the option of trading in pounds, euros, or dollars.All accounts allow users to trade in pounds, euros, and dollars. Yes, our UFX review found that this broker is regulated by the Cyprus Securities and Exchange Commission. It’s also registered with many other European regulatory authorities, including the UK FCA, which makes it highly reliable and trustworthy.
If you’re a trader looking for long-term growth, capital protection, and peace of mind, it’s essential to choose a broker that remains regulated and accountable. For now, the smarter move is to explore platforms that are transparent about their operations and continue to meet the regulatory standards of major financial authorities. UFX offers users a built-in tab to monitor one’s portfolio and to search for specific stocks. By doing so you are able to view a company’s share price and financial details, such as revenues, price earnings, and price to earnings ratio.One of the most notable features of UFX is its customisability and search functions.
UFX review Deposit and withdrawal
It’s a great platform for experienced traders because it has a lot of analysis tools and indicators.Expert advisors and signals ufx com forex trading can also be used to automate trading. MT4 is a CFD forex trading platform, whereas MT5 is a multi-asset trading platform that covers both centralised and non-centralised financial markets, including stocks, futures, and FX trading instruments.MT5 is more efficient and speedier than MT4. Six distinct account types are available, but none provides traders with a great choice. To get access to the MT5 trading platform, UFX asks for a minimum deposit of $5,000, while other brokers offer this platform for a much lower minimum deposit. Islamic accounts require a $10,000 deposit, the same as for the Platinum account.