If you are a mobile trader, you will enjoy the UFX trading app. It is free to download and it is perfectly suited to all makes of iOS and Android devices. This is a cut above the rest, and only the finest brokerages offer MetaTrader4. Some of the many features include trading resources, advanced technical analysis, forex analytics automated trades and charting. Note that only premium account holders can access this platform. The UFX Markets broker company is focused on the ease of use for the traders as end customers. The approach is personal and really simple, with a clean look and easily accessible and practical platform.
- Platinum Account holders are required to make a deposit of at least $10,000 and the trading volume is $100,000.
- This broker also offers its proprietary MassInsights Technology, which helps traders in the non-competitive trading conditions.
- To sum it up, UFX is a promising broker but certainly has room for betterment.
- At the time of this UFX review, traders had access to the MetaTrader 5 platform and market research features of Trading Central.
- However, these features came only after the minimum deposit of $5,000 or more.
- In 2021, it is likely to stay more attractive for established traders in the forex and CFD markets.
Whereas maximum forex brokers provide customers a choice of numerous simple types of account, The broker provides six, to suit the requirements of traders of all stages of preferences and experience. All account categories provide fixed spreads and inclusive variety of financial instruments to trade.
The only concern is that you will have to deposit at least 5,000 USD in order to get an access to MetaTrader platform. For all its features, UFXMarkets review gives to this broker 3 out of 5 stars. In this review, there are several underlying facts about the broker that highlighted its operational and regulatory status. UFX, a Cyprus-based online brokerage privately owned by Reliantco Investments Limited, has been in the business since 2007. The UFX trading service is operated under a registered license number authorized by the securities commission in Cyprus. Further into the review, the broker has been analyzed based on its trading platform offerings and types of accounts.
What Is Ufx Forex Broker
You simply enter your email, telephone number and input a password. Thanks to Mass Insights technology, it is possible to see an aggregation of all trades in real time. The interactive nature of this social trading platform is its most redeeming feature. There are of course unique features available to each of these account types. For example, daily market reviews, a video library, daily recommendations, 24-hour live support and personal trading trainers are available to all account holders. Only Standard, Gold and Platinum accounts have access to VIP trading support and exclusive updates.
Opening an account with UFX is straightforward and in line with other popular brokers. This broker offers a range of account types and a reasonable minimum deposit, making it accessible for any trader, regardless of your investment budget. UFX has also developed proprietary technology that offers you all the information you need to be an effective trader.
Combined with outstanding platforms and a variety of accounts, this broker provides a unique trading environment to hone your strategies, regardless of your level of experience. UFX Global is a top trading platform for Contracts of Differences and fx trading that’s owned by Reliantco Investments Limited. The business was launched in 2007 and is currently located in the Republic of Vanuatu. The broker works on a Straight-through-Processing business model simple trading strategies and consequently doesn’t take opposing marketplace positions to those of their customers’ trades. Using their state of the art trading platforms, UFX goal to fulfill each of their customers trading demands, while at precisely the exact same time offering competitive and stable spreads. You can use drop-down menus to access things like the trading platform, accounts, events calendar, promotions, funding, assets, partnership and business information.
Ufx Markets Online Forex Broker
With access to the right online environment, buying and selling currency pairs can be a rewarding experience for traders of all levels of experience. When you decide to trade in the Forex market, you first need to decide on the platform where you’ll open a forex broker account. UFX, for example, is one of the world’s leading Forex brokers, enabling traders to buy and sell a wide range of currency pairs, CFDs, and stocks, quickly, easily and securely. Over 500 trading instruments are offered to clients giving them a wide range of options. The two platforms available are intuitive, powerful and accessible to traders of all experience levels. The MT5 platform is a popular choice for both beginner and professional traders who use EAs, customised apps and complicated trading systems.
All traders, no matter the account type, have access to 24-hour live support, theUFX video library, daily market reviews and recommendations. For Mini account traders and higher, a personal trading coach is also available. Unfortunately, the MT4 is only accessible to traders with a Gold account or higher. The minimum amount required to start trading is $100 for the micro account, which is suitable for beginners.
It has several integrated charts that offer critical market analysis, helping clients not lose money when trading volatile instruments. The platform is available in its latest 4.0 version, equipped with innovative MassInsights™ Technology for high-quality information on prevailing trends in the trading markets. This advanced technology has received multiple awards for its industry-leading efficiency. This account offers Muslim traders the same benefits as a Micro/Mini account but has a minimum deposit of $10,000 and a minimum trading volume requirement of $100,000. The spreads on this account are the same as those offered on the Platinum account.
The platforms features can also be expanded by developing plugin apps with the MQL5 language using the built in editor. There are also numerous custom indicators, scripts and trading robots for MT5 available online. All UFX newcomers are provided with the services of a personal account manager. Available to help beginners learn the basics of trading, as well as to answer questions from more experienced traders.
For trade on Mini and Micro accounts Micro lots are also presented. The firm has been in the industry since 2010 so that is a check on pros side. I should praise two features that UFX is offering for traders; fixed spreads and MassInsights Technology. There are few forex brokers who offer fixed spreads and UFX is one of them. Besides, I should add that 3 pips spread for EURUSD is high even for fixed spread accounts.
The alternate trading platform that UFX has made accessible to its customers is your ParagonEx WebTrader 4.0. This trading system is a flexible platform that’s online and requires no software installation or download. This technology is so innovative that it’s received a lot of awards from leading industry leaders. The MT4 platform has become easily the most popular fx currency and CFD trading platform in the business.
Ufx Broker Review
The Daily Market Review feature is one of the key examples of how UFX offers profound daily trading recommendations. It also maintains and updates an economic calendar based on the clients’ trading criteria. A limited and free of cost research is also offered to beginners daily, https://forexhero.info/ based on their trading needs. Unlike several other brokers, every UFX trader gets access to responsive customer support, available 24-hours on all five business days. The company does not provide real-time support to the clients on the days when the markets are closed.
Customer service is available 24 hours a day, throughout the trading week and options include live chat, toll-free phone numbers or email. It is obvious that UFX takes the education of its customers very seriously as there is a good range of educational material available. There are daily video reviews, financial calendar, daily market reviews, educational tutorials, and analysis. CFDs are complex products that acquire a high risk, and many investors lose money when trading CFDs with the company. Anyone should take risks only if they can risk capital, or else they are more at risk of losing money.
More From Fraud Brokers
UFXMarkets is regulated by the NFA as an Introducing Broker and undergoing full regulation license processes in Luxemburg, which addresses the European market. Most of us would never even consider an FX broker unless we were convinced of its accountability and honesty in financial statements and interactions with the customer. The services they provide, many Forex brokers do not, and those that do offer similar services usually have minimum deposits in excess of $500. Clients have access to Forex tutorials, daily outlook videos, daily market updates, trade recommendations, tips, strategies, and access to dealing room experts. Advanced traders also receive live market updates and trade signals via SMS text messages.