UFX Review

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. You’ll also find some options that are a little more exotic, like the USD/TRY. MT5 allows you to open over 100 charts at the same time and has 21 timeframes. It comes with more than 80 indicators and allows expert advisors or automated trading. When making a withdrawal, you will have to supply a valid photo ID and proof of address.

It’s also worth far more to beginner and veteran traders alike than just educational materials. MetaTrader 5 is ufx broker a highly popular trading platform that provides a wide range of benefits. It comes with a user-friendly interface, excellent performance, and an extensive range of charting and analytical tools. Bank wire withdrawals can take up to 3 business days to reach your account, while e-wallet can take up to 5 business days.

A UFX market order is an order to buy or sell a stock at a market’s best available price in that current moment. A market order will usually complete an execution, but it does not guarantee a specified price. 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.

UFX Limit Order

The platform also shows information such as when an asset abruptly changes direction in trend, increasing volatility, spikes in open positions, and volume growth. It should be noted that the minimum deposit changes based on account type. This UFX review explores a highly reputable, well-regulated STP broker. UFX is a leader in the retail trading industry and offers its services to clients all over the world. 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.

Our UFX review team is pleased to recommend this broker to all forex traders, regardless of your level of expertise. One essential aspect for any top-quality broker is customer support, so our team tested UFX to see how their staff fared. We’re pleased to report that this broker’s customer service team is outstanding. The representatives we spoke to were quick to respond, eager to help, and very knowledgeable.

UFX Charting Tools

• Stocks and ETFs are traded directly on an exchange meaning that they may be subject to brokerage commissions, which can vary depending on the exchange.
• The broker offers telephone support services in twenty-three different countries.
• Unfortunately, UFX uses this promise of research to lure new accounts with more substantial deposits.
• 68.34% of retail traders operate accounts at a loss, slightly better than the average, and a positive performance.

Common non-trading fees include the withdrawal fee, deposit fee, account fee, or inactivity fee. It’s a great broker that offers an outstanding trading experience. Our team of experts concluded that UFX was one of the top forex brokers they reviewed. From a user-friendly proprietary trading platform to the excellent analytical technology this broker has developed, you will truly have all the tools you need to succeed as a trader at your fingertips.

Traders can use the data they find on UFX to determine a stock’s intrinsic value. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. If you are interested in trading indices, then UFX has more than enough options for you to diversify your trading portfolio.

UFX Market Orders

In 2023, UFX’s regulatory standing took a major hit when its CySEC license was revoked, sparking concerns across the trading community. You need to check that the account you open with UFX is covered by a major financial regulator that offers you protection in your country. CFD providers typically charge a financing rate for holding a trader’s position overnight. UFX offers Islamic accounts that are compliant with Shariar law. For novice and new traders, copy trading is a fantastic solution.You have the option of starting slowly and learning how to trade properly.This means that you can study while also earning if you are new to Forex trading. All this information is available right in your ParagonEx Web Trader, which makes this trading platform incredibly powerful.

Fees

UFX is an established online trading brokerage company with many years of experience. They specialize in commodities, ETFs, indices, currency pairs, and stocks. The UFX website is mobile-responsive, which means that it works flawlessly on any mobile device, regardless of the platform. You can also easily trade on your mobile device with UFX as this broker offers a mobile version of their ParagonEx trading platform and MT5.

UFX Trading Account Funding

MT5 access does not seem to be available in the Islamic account despite the high minimum deposit. With over 15 years in the online trading industry, UFX once positioned itself as a reliable forex broker offering cutting-edge technology and diverse asset access. Known for its MassInsights™ technology and tiered account types, UFX drew attention from beginner and experienced traders alike. The caliber and reputation of UFX can be evaluated on the features that it offers its users. Some of its key features include order execution tools, live news feeds, fundamental research tools, scanning tools, charts, and live support from UFX staff.Alternatively, one can analyse the trading features themselves that UFX might have to offer.

Also, withdrawals to credit cards can only be made in the amount you deposited. For example, if you deposited $500 via credit card, and want to withdraw $750, only $500 will be sent to your credit card. This broker also reserves the right to charge a maintenance fee of $100 for inactive accounts every 45 days. An inactive account is one that has not had any sort of movement for 45 days. For example, any hedging positions you have open might be charged an administration fee of 0.1% of the total volume per day. Any fees charged by your bank or payment processor, however, are your responsibility, which is to be expected.

Retail trading accounts

A secure trading environment and reliable customer service are key offerings at UFX. 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.

A Contract for Difference (CFD) is an agreement between an investor and a CFD broker to pay the difference between an asset’s opening and closing prices, such as a UK stock. No underlying assets are exchanged on a CFD trade, it is purely a speculative deal on the up or down price movement on an aggreed financial asset between the trader and CFD broker. The Gold account comes with a minimum deposit requirement of $5,000 and a minimum trading volume of $50,000. With this account, you will receive everything that is included in the Standard account as well as access to the MetaTrader 5 platform. UFX offers various types of trading accounts including Micro, Mini, Standard, Gold, Platinum, and Islamic trading accounts.

• As a CySEC regulated brokerage, UFX adheres to a strict KYC/AML policy.
• It comes with more than 80 indicators and allows expert advisors or automated trading.
• UFX offers Islamic accounts that are compliant with Shariar law.
• UFX is a legit brokerage, in full compliance with its European regulator.
• 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 allows traders to trade in stocks, commodities, currency pairs, market indices as well as ETFs. Currently, there are twenty-nine types of shares, over sixty currency pairs, ten ETFs, seven types of commodities, and seven market indices. For example, new traders are offered a bonus of up to $50 when they sign up. The company also holds trading competitions on a regular basis where traders can win various prizes including a Lotus Elise car.

While reviewing UFX, our team of experts found that this broker offers fraction pip pricing. The broker quotes prices with up to five or three decimals, depending on the currency pair. This means, generally, that spreads and quotes will be far more accurate. ParagonEx Web Trader is a proprietary forex trading platform developed by UFX.

This platform also shows a financial events calendar with notifications for upcoming economic events. The stream also notifies you of important market updates and news as they occur to ensure you are up to date with the financial markets at all times. After reviewing the UFX forex broker, our team of professionals concluded that this broker truly shines in terms of the research tools they provide.