Updated May 29, 2020

UFX is a Forex and CFD broker that started in 2007. This broker is based in the Republic of Vanuatu.
UFX can be said to be an international leader in its field
In addition, UFX is regulated and complies with the requirements of financial regulators around the world.
On UFX you can find several kinds of platforms that meet the needs of most users.
Finally, it should be noted that UFX is at the forefront of technology and has a very high level of services.

UFX is she reliable where is she a scam?

The UFX platform already has 10 years of experience behind it and is known to investors online.
In addition, UFX has very good regulation.
First, it is regulated by the Cyprus Securities Commission, CySEC. As a result, it complies with the MiFID, that is, it operates in accordance with the rules of the European Union.
But UFX is also regulated by the Belize International Financial Services Commission, IFSC, for countries outside the European Union.
As a result, investor deposits are monitored and controlled.
For example, Forex brokers must hold at least 1 million euros as proof of financial stability. In addition, the funds of the customers of the company must be separated. And there is a compensation fund of up to 20000 euro per person.

Is UFX a secure platform?

In addition to its very good regulation, UFX also offers a very high level of security with stable and reliable platforms.
She has received many awards for her safety but also for her services.
For example, in 2015, she received the "Best Forex Broker 2015" award, as well as the "European FX Broker 2015" award.

In 2016 she won the awards:
Best Forex Trading Tools - MassInsights ™ Technology (UK Forex Awards) FX Brokerage Program of the Year (The European) Trader Loyalty Program - UFX Rewards (FX Report Awards) Best Trading Platform - MassInsights ™ Technology (FX Report Awards) ).

 In 2017 UFX still won awards:
Best Forex Trading Tools - MassInsights ™ Technology (UK Forex Awards) FX Broker of the Year (The European).
We can, therefore, consider UFX as a reliable platform with a very good reputation.

Does UFX have good customer support?

First of all, UFX has one of the best customer support in the market, covering customers located in 23 different countries.
In addition, this support is available 24 hours a day and 5 days a week.
He offers his services in English, French, Romanian and Arabic.
More specifically, this customer service can be done by email, live chat, WhatsApp, Viber and also by phone. This telephone service is located in the 23 countries that UFX covers.

https://www.youtube.com/watch?list=PL7kyjJaQZnSrPUD0b0vst6CrGb9SzIhno&time_continue=1&v=tByJmOgPTSs

Which countries does UFX accept?

UFX offers its services to many countries, including the following:
Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates United States, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

However, traders who can not use UFX are nationals of the United States and Canada.

What are the types of platforms on UFX?

UFX offers traders three kinds of platforms, which are MetaTrader 4 (MT4), ParagonEX Web Trader as well as UFX Mobile.

Meta Trader 4:
The Meta Trader 4 platform is the best known in the world of trading and used by more than 80% of traders. It is appreciated thanks to its user-friendly interface and the sophisticated tools it offers. For example, a set of charts and technical indicators.
UFX also offers automated trading on its platform through expert advisors (EA).

ParagonEX Web Trader
The ParagonEX Web Trader platform does not require any software download or installation.
Through their web browser, traders can exchange with ease.
In addition, on this platform, traders benefit from updates of market events as well as strategies of aggregated traders. This unique technology is called MassInsights.

UFX Mobile Trading
Thanks to UFX's mobile trading, traders can trade anywhere and so do not miss any opportunity.
The UFX Mobile App is compatible with iOS and Android and takes advantage of all the features available on UFX, including MassInsights.

What kinds of accounts exist on UFX?

UFX only requires a small initial contribution of $ 100 to open a trading account.
But apart from this beginners account, UFX offers several kinds of accounts:

The UFX Micro Trading account
The minimum deposit on this account is 100 USD.
It offers 24-hour support, access to a video library, as well as recommendations and daily reviews.

The Mini UFX trading account
This account requires a minimum deposit of $ 500. It also offers support 24 hours a day. It also provides traders with a video library, as well as recommendations and daily reviews. But in addition, it offers personalized training in trading.

The standard UFX trading account
On this account, the minimum deposit is 1000 USD.
In addition to the features of the Mini account, he offers training in VIP trading.

The UFX Gold trading account
This account requires a minimum deposit of 5000 USD.
In addition to the features of other accounts, it gives access to the MT4 platform.
In addition, the platform offers a more significant: it sends you alerts by SMS.

The Platinum UFX trading account
To open a Platinum account, you need a minimum deposit of 10000 USD.
It also gives access to all the features offered by UFX.

The Demo account
It allows you to familiarize yourself with trading without risking your money.
So, once you are seasoned, you will be able to trade on any other account.

The Islamic account
Finally, UFX also offers an Islamic account.
This allows those who wish to, to respect the rules of Shariah concerning interests.
The minimum deposit is 1000 USD.

What are the commissions and spreads on UFX?

UFX offers fixed spreads and features of the selected account type.
For example, for Mini accounts, the minimum spread is 4 pips for the EUR / USD pair.
For the Standard account, the minimum is 3 pips. For Gold and Platinum accounts, the minimum spreads are 2 pips.

Are withdrawals billed on UFX?

UFX imposes a minimum amount for withdrawals which is 70 USD.
However, these withdrawals are not invoiced.
It should be noted that the waiting time for withdrawals is approximately 3 working days.

What are the payment methods on UFX?

On UFX, it is possible to make deposits using, credit cards, Neteller, Qiwi, Skrill or bank transfer.
For withdrawals, the means are the same with the addition of the possibility of passing through Money Bookers.

Which assets can we trade on UFX?

UFX is a platform that offers several types of assets.
There are 7 commodities, 10 ETFs, 7 types of stock indexes and 29 types of stocks.
As far as currencies are concerned, UFX offers more than 60 pairs.

What are the leverage effects on UFX?

UFX offers leverage on its platform, up to 1: 400.
This level is considered high, although some platforms go as far as proposing leverage effects greater than 1: 500.

Are there any bonuses on UFX?

You can get a 30% bonus on UFX for first deposits up to $ 10,000.
In addition, we find UFX a loyalty program called "Cashback".
This is a reward system based on the importance of trading: the more you trade, the more rewards you get.
In addition, UFX organizes competitions where traders can win interesting prizes such as sports cars for example.
UFX has also developed a sponsorship system of $ 100 per friend who has deposited between $ 100 and $ 1000.
Or, a 10% bonus on new accounts, if the amount is between 1000 and 10000 USD. These bonuses require a trading volume of $ 1 million for each $ 100 bonus.
You will also find all kinds of other promotions on UFX which is considered a generous platform.

Conclusion

UFX is a broker that does not offer social trading.
But apart from this inconvenience, we can say that UFX is a platform with very good financial regulation. In addition, it is also stable and secure.
In addition, UFX uses the latest technologies that allow traders to be aware in real-time of market developments
All these reasons make it a very good platform that has a solid reputation.