UFX Trader Apps on Google Play

UFX Trading is a global firm for trading that has taken command of its reputation since it was established in 2007. Before moving on to decide whether the UFX Forex broker is a scam or not, let’s find out everything that you need to know about this broker in this UFX review. To get started, load the UFX.com login page and ensure that your Personal Menu is set to Demo. You will then be credited with virtual cash, allowing you to trade UFX’s list of assets. I see people complaining about number of calls, completely understandable but that’s exactly the reason why I’m gonna use them forever!!

Version 4.0, adopted by UFX, is the latest version of the ParagonEx WebTrader and uses the innovative MassInsights™ Technology to provide trades with information about prevailing trends in the markets. We’ve researched the MetaTrader offerings of 60+ forex brokers and found that 81% of brokers offer the more famous version of MetaTrader, MT4, while only 63% offer the newest version, MT5. We have in-depth guides on MetaTrader if you’d like to learn more; check out our guide to MT4, or read our in-depth guide to MT5. Here’s how UFX fares in providing clients with the most common types of educational content. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers.

It is important to be aware of the potential for loss and to only invest what you can afford to lose. However, remember that you won’t be able to make trades on UFX until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the UFX KYC compliance process as soon as possible to avoid any delays in accessing the UFX platform’s features. ufx com forex trading UFX customer service supports multiple languages from all over the world. Having a broker that
can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues. UFX has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.

UFX Spreads and Fees

The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. While using UFX, we found the trading outlet is a versatile web-based platform and requires no software download or installation on your desktop.

  • My dad invested with a guy called Dave Clarkson who was a senior account manager.
  • However, some trading accounts do not provide access to these platforms and automated trading solutions.
  • Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account.
  • Finally, we would like to express our gratitude for the numerous opportunities provided to us, whether through internships, networking events, or guest lectures.
  • Automated trading robots were designed to automatically scan the crypto market and place market orders.

Historical data shows that over 60% of retail traders lose money trading CFDs and forex pairs. And one of the main reasons for factoring in their loss is the need for a reliable forex trading broker. Millions of people worldwide use Android mobile devices and tablets, and UFX offers its clients access to the MetaTrader 4 platform on these devices.

Does Markets.com or UFX offer lower pricing?

UFX delivers an average spread of 3 when trading the EUR/USD within a standard account. The all-in cost of trading the EUR/USD with an active account is 2. We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 (standard) and 0.87 (all-in). Following our review, we can confirm that UFX is a legitimate online trading broker. The broker is regulated by the Vanuatu Financial Services Commission (VFSC) under license number and ensures the safety of funds for clients.

If you have experience trading with UFX please share your personal review of the broker and what you think are strong and weak points. While UFX does not offer trading bonuses to its clients, it does have a loyalty scheme called the “Cashback” program. Note, higher leverage rates can lead to larger losses so beginners should be careful. Gold, Platinum, and Islamic accounts are charged 2 pips; Standard at 3 pips; and Micro and Mini at 4 pips. In addition, the broker has partnered with Trading Central to provide expert analysis and market insights. There is also a mobile trading option for those who prefer to trade on the move.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, UFX trading losses are always limited to the current balance of funds in the trader’s account. When using UFX, the minimum trade size is typically $125 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded. With STP execution on the UFX platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Which trading platform is better: IC Markets or UFX?

The broker offers a phone support line for the following countries. Furthermore, the broker offers MassInsight technology that presents a live stream of market events and aggregated trader behavior. Accounts are swiftly opened via an online application, the standard operating procedure.

UFX Guide – Read our In Depth 2024 UFX Review

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Part of our testing process involves in-depth research into commissions and fees. Yes; in case you were wondering, 78% of the brokers reviewed on BrokerNotes.co offer copy trading. To learn more about social copy trading (and to see our picks for the best forex brokers for copy trading), check out our guide to copy trading. UFX offers fixed spreads across all account types, which are a bit higher than some of its competitors.

A futures contract is a standardized agreement between two parties to take delivery of a currency at a future date and a predetermined price. In the futures market, futures contracts are bought and sold based on a standard size and settlement date on public commodities markets, such as the Chicago Mercantile Exchange (CME). Highway Media Group would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

Forex Brokers We Recommend

MT5 access does not seem to be available in the Islamic account despite the high minimum deposit. To compare the trading platforms of both IC Markets and UFX, we tested each broker’s trading tools, research capabilities, and mobile apps. Finally, we found IC Markets to provide better mobile trading apps.

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. The broker is also known to offer advanced trading tools and features such as MassInsight technology and Trading Central. Compared to the trading spreads offered by other brokers, the company provides inexpensive options to its clients. Compared to other forex brokers, the UFX spreads for the EUR/USD pairs range from 2.0 to 4.0 pips. More details on these swap rates are explained on the UFX website.

I’ve blocked multiple numbers from them, yet they always manage to use a new one. I’m afraid to answer my phone now because there’s a high probability it will be UFX. Overall, a terrible experience and a mistake to ever create an account. When the Traders Union answered what is UFX, they emphasized its focus on active trading with fixed spreads and high leverage, but passive strategies are also supported. Traders can emulate successful trades and use expert advisors for automation. UFX offers commission-free trading but it does charge an inactivity fee of $50 should the trading account become and remain dormant for up to three months.

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