In this UFX Review, we are going to take a look at the offer that this broker prepared for its traders. UFX is regulated by the CySEC in Cyprus. UFX operates on the financial market since 2011. When it comes to trading platforms, the broker features MassInsights WebTrader and MetaTrader 4. The UFX minimum deposit is 100 USD.
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
Basic information from this UFX Review
| Website address: | https://www.ufx.com |
| Operated by: | Reliantco Investments Limited |
| Licensed and authorised by regulatory bodies: | CySec |
| Supported languages: | English, German, Spanish, French, Italian and Portuguese |
| Customer support available via: | E-mail, phone, live-chat |
| Available deposit methods: | Debit and Credit Cards, Skrill, Neteller, Poli, Sofort |
| Available withdrawal methods: | Most likely the same as the deposit methods |
| Minimum deposit: | 100 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 3 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (49), stocks (800), commodities (7), indices (7) |
| Demo: |  |
| Mobile app: | |
| MetaTrader 4: | |
| Other trading platforms: | MassInsights WebTrader |
| Social trading: |  |
UFX Fees (typical spreads)
We have scanned fees (typical spreads) that UFX charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| 5* | 3* | 8* | 4* | 5* | 4* |
*Typical spreads were recorded on 07.06.2019 at 08:11 for the standard account. UFX spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: HotForex, ForexTime, Pro24FX and LMFX
Frequently Asked Questions
🧐 Is UFX a Scam?
UFX is a broker licensed and regulated by the CySec. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that UFX is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the UFX minimum deposit?
In order to start trading with UFX, you have to deposit at least 100 USD.
📵 What deposit and withdrawal methods UFX supports?
⚖️ Would you recommend me choosing UFX?
We don’t have our own personal experience with UFX. However, because the broker is regulated by the CySec, there is a high chance that it is not a scam. With that being said, it still does not mean that UFX is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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 ¹ Variable spreads, spreads recorded for the EUR/USD on 06.09.2023 at 11:42 GMT.
