UFX Global is one of the leading figures in the forex and CFDs trading. Founded in 2007 as UFX Markets. Since then the company has become regulated under one of the better regulatory bodies in the world and grown continuously. Cyprus entity Reliantco Investments Limited operates under the UFX name. A 2014 rebranding saw UFX Markets change their name to the shorter current name UFX.
With over 500 instruments, including 49 currency pairs, 30 cryptocurrency CFDs, 8 indices over 370 single stocks and 45 ETFs you really are spoiled for choice with UFX. With several account types and platforms to pick from you are in control.
Regulations and Security
UFX gained regulation from the Cyprus Securities Exchange Commission (CySEC) in early 2011. Later on, UFX gained regulated by Vanuatu Financial Services Commission from their entity in Vanuatu. Through the regulation of CySEC UFX is also regulated by MiFID, allowing them to be used by all traders in the European Union. UFX is vastly recognized for its exceptional service and customer care.
Your security comes high on the list of priorities for UFX, as they use the latest SSL encryptions to secure each transaction and account. UFX is widely known and rewarded for their great emphasis on handling of their clients’ privacy and security.
Banking
Sticking to their roots in excellent customer service, UFX makes depositing and withdrawing your money a breeze with a variety of choices. For money transfers, you can choose from Credit/Debit Cards, Maestro and AMEX, wire transfers, and eWallets like Neteller, Skrill Sofort and Poli. There is a minimum requirement for both deposits set at $50 USD and withdrawals set at $70 USD. All the options process rather quickly with wire transfers taking the longest.
Accounts
UFX offers a variety of accounts for traders, composed of: Demo Account, Micro Trading Account, Mini Trading Account, Standard Trading Account, Gold Trading Account, Platinum Trading Account and Islamic Account for Muslim traders. The regular accounts (Micro, Mini, Standard, Gold, Platinum) are separated by your initial deposit. With each increasing of your initial deposit, the features offered change as well.
- Demo Account: No deposit necessary. Use virtual currency to gain familiarity and establish a trading strategy. Risk-free.
- Micro Trading Account: Min. deposit of $100. Comes with the basics.
- Mini Trading Account: Min. deposit of $500. Basics + a Personal Coach
- Standard Trading Account: Min. deposit of $1,000. Mini offers + exclusives updates, VIP support.
- Gold Trading Account: Min. deposit of $5,000. Standard + MT4 Platform, SMS Alerts.
- Platinum Trading Account: Min. deposit of $10,000. All features of Gold.
- Islamic Account: Min. deposit of $100.
All accounts come with competitive and great spreads and a leverage offering of 400:1 (for non-EU citizens). The deposit-based system works by crediting people with more invested with more tools to grow their capital.
TRADING PLATFORMS
In terms of trading platforms, UFX has two main offerings, ParagonEx Web Trader 4.0 and the go-to of trading platforms MetaTrader4 (MT4). MT4 is the industry’s most selected and reliable platform, adopted by nearly 75% of the brokers in the industry. What makes MT4 so desirable is the wide selection of advanced trading tools, charting packages, and large library of technical indicators. Even with the emergence of MetaTrader5 people stuck with MT4 as their main trading platform.
UFX’s personal proprietary platform ParagonEx WebTrader 4.0, is a web-based platform that requires no downloads. The latest upgrade titled 4.0 comes with integrated charts and an award-winning system that with a modern and silique look. UFX put the focus on making their platform one that is easy to use.
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