UFX Broker Review

Author By Jeffrey Cammack
Updated: September 7, 2022
Overall Rating
3.60 3.60 / 5
🏦  Min. DepositUSD 100
🛡️  Regulated By
💵  Trading Cost 
USD 20
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertMost retail CFD accounts lose money. Your capital is at risk.
Last updated on September 7, 2022
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

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Our verdict on UFX

UFX is a Cypriot market maker broker, founded in 2007 and regulated by CySEC. With five different accounts types, not including the swap-free option, and support for MT5 as well as the proprietary UFX platform, it’s a shame that trading conditions are not better here.

Spreads are wide, even on the more expensive accounts, and on the Micro Account (100 USD minimum deposit) you can expect a fixed spread of 4 pips on the EUR/USD. Forex education is also lacking, as well as any kind of in-house market research, though UFX do offer both Trading Central and it’s own MassInsights trend and volatility tool. 

🏦  Min. DepositUSD 100
🛡️  Regulated By
💵  Trading Cost 
USD 20
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Regulation
1110.503.5/ 5
Trading Conditions
1110.503.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
10.50001.5/ 5
Assets Available
1110.503.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Welcome Bonus

Account Information

Base Currencies
EUR, GBP, USD, AUD, NZD, CAD, CHF
Number of FX Pairs
50
Crypto Pairs
0
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
EUR/USD
2.00 pips
GBP/USD
3.00 pips
USD/JPY
3.00 pips
Negative Balance Protection

Company Details

Company Name
Reliantco Investments Ltd
Founded
2007
Website
Website Language
English
Support Language
English
Office Locations
Cyprus, Czech Republic

Pros

  • Great platform choice
  • Fast and free withdrawals
  • Good range of accounts

Cons

  • Wide spreads
  • Limited education
  • Limited market analysis
AlertMost retail CFD accounts lose money. Your capital is at risk.
Visit Broker
Overall Rating
3.60 3.60  / 5
Site Icon Data provided by UFX
Regulator License
Regulator License

UFX Trading Cost Comparison

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