If you’re looking for a broker to start trading with, this UFX Review is a must-read to learn more about one of the most popular regulated Forex and CFD brokers in the industry. We’ll explore what kind of broker UFX is, which financial assets you can trade, the range of available trading platforms, the funding methods it supports, and more.
Is UFX a trustworthy broker?
Established back in 2007, UFX is a regulated Forex and CFD broker based in Cyprus that offers its traders access to the most important financial markets though powerful, robust and reliable trading platforms.
Regulated by the Cyprus Securities and Exchange Commission or CySEC (Licence number 127/10), UFX has to follow strict rules to protect its clients’ funds and offers a straightforward and transparent trading experience. For instance, UFX puts all its traders’ funds in segregated accounts at tier-1 financial institutions. This ensures that its clients’ funds are only used for trading.
What can you trade at UFX?
As a UFX member, you will be able to trade the hottest financial assets across different classes: Forex, commodities, indices, ETFs, and stocks. If your trading strategy is based on stocks, you’ll have more than 410 to choose from, including US, UK, German, French, Spanish, Czech, Finnish, Swedish, Norwegian, Danish, Turkish and Polish stocks.
Which trading platforms can you use at UFX?
As UFX understands the need to monitor the markets at all times, it offers different trading platforms that will help you keep a constant eye on your portfolio. There are three main platforms you can trade on: the web desktop platform, the mobile platform, and the MetaTrader 5 trading platform.
With the web-based platform, called UFX Web Trader, you don’t need to download anything, as you use your web browser to trade in real time. Based on ParagonEx technology, this platform is reliable and robust with fast executions, short load time and an intuitive interface for a simpler trading experience. This one is perfect for newbies in the trading world. You can also use your phone’s browser to keep trading from the palm of your hand or use the native mobile apps for iOS and Android.
If you’re looking for a more advanced trading platform, you can use MetaTrader 5 (MT5) and take advantage of the world’s most popular all-in-one trading system. With its range of unique features, MT5 offers pro-level technical and fundamental analyses, allowing traders to implement semi-automated trading strategies in a flexible environment that suits most trading styles.
How do you start trading with UFX?
Opening an account with UFX couldn’t be easier. You just need to provide a few documents to pass compliance checks and complete the KYC (Know Your Customer) and AML (Anti Money Laundering) procedures. You can choose between 6 different accounts depending on your trading style and needs, as well as the size of your initial deposit. Each type of account offers different benefits.
To fund your account, you can use a credit or debit card (Visa, MasterCard, Visa Electron, Maestro, Diners Club International), Sofort, GiroPay, China UnionPay, wire transfers, eWallet or a pre-paid card like Skrill, Neosurf, and Neteller.
Why should you start trading with UFX?
UFX is a fully licensed Straight-Through Processing (STP) broker offering access to the biggest and most lucrative markets. As a regulated company, it needs to adhere to the strictest rules to provide trading services. And as an STP broker, UFX only plays the role of intermediary between its clients’ trading orders and its liquidity providers, so there is no conflict of interest.
In addition to its three powerful and easy-to-use trading platforms, UFX also provides great tools and features, Trading Central signals, and a proprietary live market data feed called MassInsights™, enabling traders to make more informed decisions.
Researching and writing this UFX review showed us that UFX is a reliable broker that is dedicated to its traders’ success.