According to research in South Africa, UFX (formerly UFX Markets) is owned and operated by UFX Global Limited. This international brand is regulated through the Cyprus Securities and Exchange Commission (CySEC) under its Cyprus entity. UFX requires a minimum deposit of $100 to open a live trading account.
UFX at a glance
| 🔍 Broker's Name | UFX.com |
| 📍 Headquartered | Cyprus and London |
| 📅 Year Founded | 2007 |
| ⚖️ Regulating Authorities | The Cyprus Securities Exchange Commission (CySEC The Vanuatu Financial Services Commission (VFSC) The German Financial Supervisory Authority (BaFin) |
| ☪️ Islamic account (swap-free) | Yes |
| 📒 Demo account | Yes |
| 🏛 Institutional Accounts | Yes |
| 💼 Managed Accounts | Yes |
| 📊 Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | $100 |
| 💳 Deposit Options | Neteller Withdraw Your Funds Sofort ELV iDEAL CUP Qiwi WebMoney paysafecard MasterCard Neosurf Visa Maestro Skrill giropay POLi Visa Electron Diners Club Bank Transfer CashU |
| 💳 Withdrawal Options | Neteller Withdraw Your Funds Sofort ELV iDEAL CUP Qiwi WebMoney paysafecard MasterCard Neosurf Visa Maestro Skrill giropay POLi Visa Electron Diners Club Bank Transfer CashU |
| 📱 OS Compatibility | Web, Mobile, IOS, Andriod |
| 📉 Platform Types | MassInsights™ Technology Web Trader Mobile Trading Platform Trading Central |
| 📈 Tradable assets offered | ETFs Indices Currencies Commodities Stocks |
| 🚏 Languages supported | English, العربية, Deutsch, Español, Italiano, Polski, Türkçe, Français, Русский, Română, Čeština, Nederlands, Português, Dansk, Indonesia, MagyarMelayu, Norsk, Suomi, Svenska, Tiếng, Việt, हिन्दी, 中文, 日本語. |
| ☎ Customer Service Hours | 24 hours a day, 7 days a week. |
| ⭐ Open an account | Click Here |
|---|
Min Deposit
USD 100
Regulators
CySEC, VFSC, BaFin
Trading Platform
Proprietary Platform
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
UFX Review Revealed – 23 Key Point Quick Overview
- UFX at a glance
- Who is UFX?
- UFX Safety and Security
- UFX Minimum Deposit
- UFX Leverage
- UFX Account Types
- UFX Market Instruments
- UFX Fees, Spreads, and Commissions
- UFX Withdrawals and Deposits
- UFX Trading Platforms
- How to open a UFX account
- UFX Customer Support
- UFX Education
- UFX Research
- UFX Awards
- UFX Review of Pros and Cons
- UFX vs Turnkey vs Turnkey Forex – A Comparison
- UFX’s Top Countries by Similar Web
- UFX Popularity Trends
- UFX Customer Reviews
- UFX Conclusion
- UFX Disclaimer
- Frequently Asked Questions
Who is UFX?
UFX was founded in 2007 and is one of the leading Forex and CFD brokers in the industry. The company obtained authorization from the Cyprus Securities and Exchange Commission (CySEC) in 2011 under its Cyprus entity, Reliantco Investments Limited, which uses UFX as its trading name.
In 2014, the company rebranded from UFX Markets to UFX, to match its brand with the three-letter domain name it had acquired. The UFX brand also has an entity regulated in Cyprus.
UFX is a legit and reliable broker and the most efficient way to trade on its proprietary MassInsights Technology fuels UFX. All trades are reported to an EU-verified trade register for a secure trading environment and reliable customer service.
UFX has earned a positive reputation over the years by providing a reliable, safe and advanced trading environment.
UFX Safety and Security
One of the best benchmarks to measure the safety of a broker like UFX is to establish which regulating authorities are watchdogs over its actions. Reliantco Investments, the owner of UFX, is a Cyprus Investment Firm authorized and regulated by the Cyprus Securities Exchange Commission (CySEC), under license number 127/10, since December 2010.
UFX is an international brand regulated by the Vanuatu Financial Services Commission (VFSC) under license number 14581, hence traders’ funds are safe in case UFX goes bankrupt. UFX is transparent and provides all the necessary information on its website, including trading conditions, risk management, company policy, risk disclosure, AML policy, site security, and terms and conditions.
The broker promotes the security of both traders’ information and funds through actions such as two layers of firewall, SSL secured website, armed guards protecting servers, and more.
UFX Minimum Deposit
In order to trade with UFX a minimum deposit of $100 is required to open a live trading account. UFX offers traders various other trading options, including a demo and an Islamic account.
| Micro/Mini Account | Mini Account | Standard Account | Gold Account | Platinum Account | Islamic Account | |
| 💳 MInimum Deposit | $100 | $500 | $1000 | $5000 | $10 000 | $10 000 |
UFX Leverage
UFX’s Maximum leverage is capped at 1:30 due to the company’s compliance with strict CySEC regulations.
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit and increase your potential loss.
Leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
Min Deposit
USD 100
Regulators
CySEC, VFSC, BaFin
Trading Platform
Proprietary Platform
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
UFX Account Types
Often, the number and type of accounts a trader can open with a broker company differs depending on the country in which it operates and the regulatory authorities under which jurisdiction it falls. In the case of UFX six distinct account types are available – The Micro/Mini, Mini, Standard, Gold, Platinum, and Islamic account. The minimum deposit requirement for the Micro/Mini account is $100.
The Islamic account, also known as a swap-free account, is in accordance with Islamic Sharia law and is, therefore, an interest-free account.
UFX Market Instruments
UFX offers fixed spreads across all account types and operates as an STP (Straight-Through-Processing) broker so that traders can benefit from a significantly higher speed of execution, better trading conditions, and the removal of conflict between the trader and the broker. UFX offers the following tradeable assets:
📊 ETFs
📊 Indices
📊 Currencies
📊 Commodities
📊 Stocks
UFX Fees, Spreads, and Commissions
Due to its global presence, UFX may offer various account types that may differ according to the regulated entity to which it complies, therefore clients may experience different fee structures too, according to their country or place of residence.
Cost depends on different factors, like spread and margins. The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
Trading costs at UFX are on the high side, with spreads for the EUR/USD ranging between 2.0 and 4.0 pips. Swap rates on leveraged overnight positions apply. A $100 inactivity is charged every 45 days, and a 0.1% hedging fee is also levied.
UFX Withdrawals and Deposits
UFX provides traders with plenty of choices when it comes to payment processors, which include:
| 💳 Neteller | 💳 CUP |
| 💳 Credit/debit cards | 💳 Qiwi |
| 💳 Skrill | 💳 WebMoney |
| 💳 SOFORT | 💳 paysafecard |
| 💳 ELV | 💳 Mastercard/Visa |
| 💳 iDEal | 💳 Neosurf |
| 💳 giropay | 💳 Dinersclub |
| 💳 POLi | 💳 CashU |
Per AML stipulations, the UFX account name and the payment processor must be identical.
UFX Trading Platforms
The decision about which platform to choose will always depend on what a client would like to trade. The UFX web trader is built around MassInsights Technology. It has a user-friendly interface, simple trade placement, and seven unique sentiment-based alerts which creates an excellent environment for new traders.
How to open a UFX account
The UFX review process of opening a new account is fully digital, hassle-free, and fast. Similarly to a bank, if you want to register a forex trading account with UFX for the first time, you will be required to go through a basic “know your customer” process. This will allow UFX to make sure that your submitted personal details are correct and that the safety of your funds and your account details are ensured.
After the initial registration, you will normally be emailed your login details that will correspond to a login on a trading platform matching your type of account.
UFX accounts can be swiftly opened via an online application and a standard operating procedure. As a CySEC-regulated brokerage, UFX adheres to a strict KYC/AML policy. New accounts require verification via a copy of the trader’s ID and proof of residency.
UFX Customer Support
Potential traders need to make sure the broker they choose will offer support whenever they may need it, in order to help customers easily find the exact answers to their questions and offer them the best user experience.
In the case of UFX, traders have access to UFX customer support 24/5. The UFX European customer support center is regulated by the German Financial Supervisory Authority (BaFin) under license number 80164620. Support may be reached via the web form, phone, email, or the live chat option.
UFX Education
Before starting to trade, potential clients of UFX should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. If UFX’s website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge.
Substantial education is not offered by UFX, although it provides limited free research daily, inspired by marketing needs. UFX provides daily market and financial analysis on its website and an economic calendar that shows a forecast of all the upcoming events.
Furthermore, UFX offers MassInsight technology that presents a live stream of market events and aggregated trader behavior.
UFX Research
To be able to trade with confidence and success, potential traders should do as much possible research about trading before commencing, but also preceding every daring deal. This will ensure that you don’t lose money unnecessarily but make their trade as profitable as possible.
UFX offers research exclusively in partnership with Trading Central, a leader in independent third-party research, but it is only available to traders with a minimum deposit of $1,000 and above. A Daily Market Review features daily trading recommendations, based on Trading Central research. An economic calendar is also available.
UFX Awards
Being an awarded company instills extra confidence in traders. UFX can show several awards accumulated during its years in business
UFX Review of Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-reputed broker with millions of users | Wide spreads across all account types for Forex |
| Choice of many accounts | No MT4 on offer |
| Islamic and demo accounts | High minimum deposit |
| Use of MassInsights technology | |
| Robust charting in the web platform |
UFX vs Turnkey vs Turnkey Forex - A Comparison
| 🥇 UFX | 🥇 Turnkey Forex | 🥇 Trading.com | |
| 💳 Minimum Deposit | $100 | $10 | $15 |
| ⤴ Maximum Leverage | 1:30 | 1:500 | 1:30 |
| 💻 MetaTrader 4 Platform | No | ☑ Yes | ☑ Yes |
UFX's Top Countries by Similar Web
| 📌 % of Traders | |
| 🌍 India | 21.14% |
| 🌍 Dominican Republic | 8.78% |
| 🌍 Sri Lanka | 7.87% |
| 🌍 Pakistan | 7.71% |
| 🌍 Venezuela | 5.17% |
| 🌍 Others | 49.34% |
UFX Popularity Trends
According to Google Trends, here is an overview of how frequently the search term – “UFX” is entered into Google’s search engine over a given period of time.
UFX Customer Reviews
The website is easy to use and…
The website is easy to use and navigate, which makes it accessible to all people. I haven’t had any problem using them. I’ve never had to contact customer service, so can’t comment on that – Karen
Easy to use platform
I have a lot of friends who are in the business of trading and they got me on board recently. I still have a lot to learn and I am taking my time, making small investments. I will say that the platform is easy to use, especially for someone like me. – Conrad
suspicious
Registered with them then checked reviews and unsavory behavior. Did not invest after reading about their bad dealings. But one man, who cannot mention his name from UFX continually phoned back when I hung up and sent emails. I have now blocked both. Be very careful with these people. I have had to change my review twice do to them complaining about the truth being posted – Hars
UFX Conclusion
Overall, UFX can be summarily described as a worthwhile company for certain traders, as it is a solid broker operating out of Cyprus. Its asset selection is adequate for retail traders and the most advanced traders. An educational section is absent and proper research requires a $1,000 minimum deposit, while an Islamic account is only granted above $10,000.
UFX Disclaimer
UFX warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors. Before deciding to trade the products offered by UFX, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
UFX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable. Therefore UFX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Min Deposit
USD 100
Regulators
CySEC, VFSC, BaFin
Trading Platform
Proprietary Platform
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Frequently Asked Questions
Is UFX a regulated broker?
Yes, UFX is an Internationally recognized broker regulated through; the Cyprus Securities Exchange Commission (CySEC, the Vanuatu Financial Services Commission (VFSC), and the German Financial Supervisory Authority (BaFin) to name a few.
How many instruments can I trade with UFX?
UFX offers the following tradeable market instruments:
ETFs
Indices
Currencies
Commodities
Stocks
Which platforms are supported by UFX?
UFX has its own proprietary trading platform as well as the MassInsight Technology trading platform.
For which type of trader is UFX best suited?
UFX offers a fair trading environment for most types of traders. UFX provides a demo account for traders to practice trading in live conditions that are mimicked.
What is the overall rating for UFX?
UFX holds a rating of 1.6 out of 5.
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