UFX Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this UFX.com Review.
In 2007, UFX trading company is founded, The UFX forex broker also functions in acquiescence with the MiFID or Markets in Financial Instruments Directive. Altogether should put your mind as simple if you’re seeing a trading career with this specific broker. UFX Markets is operated by means of ReliantCo. Investments Ltd., and it is regulated and licensed by means of the CySEC or Cyprus Securities and Exchange Commission.
It provide trading in comprehensive based collection of asset choices: about 50 currency pairs, numerous CFDs on indices, commodities, and stocks, along with a number of ETFs.
UFX Trading Platform
The UFX forex broker provides different trading platforms include the MetaTrader 4 or MT4 Trading platform and and the ParagonEX WebTrader Trading platform, All of the trading platforms are available to download for mobile trading.
UFX MT4 Platform
Traders using UFX forex broker can also use the MT4 trading platform, which is the most widely used in the world and offers traders a variety of valuable tools and features to facilitate researching, formulating, placing and tracking trades in a variety of international financial marketplaces. The MetaTrader 4 platform is included by most brokers in addition to their own proprietary platforms (and others) for the convenience of clients who want to use different platforms separately or in conjunction with one another.
UFX Trading App
The UFX Apps and trading markets are accessible using a variety of the most popularly used electronic handheld devices that include iPhones, Blackberry and Androids. The UFX Apps is free for both Android and IOS, You can download The UFX App for Android from Google Play and download The UFX App for iPhone from Apple app store.
UFX Account Types
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. For trade on Mini and Micro accounts Micro lots are also presented.
Furthermore, for Muslim investors there is a special Islamic account presented, which is swap-free.
UFX Demo Account
When clients open an online trading account, they are able to use an unlimited free The UFX Forex demo account that comes loaded with $100,000 of virtual money for traders to use for practicing currency trading before actually risking real money in a real world trading market.
To open a demo trading account with UFX Trading you just need to visit the broker’s website and sign up free then you will receive free instructions by email.
UFX Minimum Deposit
UFX minimum deposit is 50 dollars, though in order to relish all important services, the essential minimum deposit is 500 dollars. In contrast, easyMarkets or another Cyprus-based brokerage, necessitates 25 dollars from dealers to open an account.
The max. Leverage level provided by this broker is equal to 1:400, which is measured high, though most FX brokers provide similar or greater ratios.
UFX Spreads and Commission
Like most online brokers, the UFX broker does not charge commissions for trades, hidden fees or other charges. The broker makes money by charging traders a slight forex spread that is included on all trading activities based on real time market values transacted by the client through the broker. Spreads start as low as 1 pips (points in percentage) for forex trades (depending on currency traded).
Traders should be aware that trading during volatile times created by adverse global events or financial news is much more risky and broker spreads tend to be wider.
UFX Margin Requirements
UFX margin requirements is fixed, The amount of margin that you are required with UFX to put up for each currency pair varies by the leverage. For example, If you use 50:1 leverage then you may be required to put up €200 to hold a €10,000 position.
The UFX broker offers different promotions, but be aware of investing big money for more promotion money add to your UFX Trading account as online trading contacins risk of losing your capital.
UFX Deposit and Withdrawal Options
The process of Deposit and Withdrawals can be done through the normal methods counting credit cards, bank transfer, Moneybookers, Neteller, Skrill, Webmoney, Sofort, CashU, Qiwi and other online payment method.
For deposits the lowest amount of US $50 is essential, and for withdrawals the lowest amount of US$70 is essential.
UFX Deposit Fees
The UFX Deposit fee is Zero, It means you will not pay any money as UFX deposit fees.
UFX Deposit Time
The UFX Deposit time is between 1 through 3 business day and it depends to the methods you deposit your UFX.com trading account.
UFX Withdrawal Methods
UFX withdrawal methods is various, Clients can using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
UFX Withdrawal Fees
The UFX Withdrawal fees starts from Zero up to $20, The UFX withdrawal fees depends to which country and methods you want to receive funds.
UFX Withdrawal Time
The UFX Withdrawal time is between 3 through 5 business day and it depends to the methods you Withdrawal from your UFX account.
UFX Withdrawal Problem
If you have any UFX Withdrawal Problem then you can contact the broker directly and if it dose not solve the problem then you can contact the regulators to solve your UFX Withdrawal Problems, You can also submit your UFX withdraw problems in the comment form below of the UFX reviews by ForexSQ.com forex trading website.
UFX is regulated and licensed broker in Cyprus, The UFX is a trading name of Reliantco Investments Limited, a Cyprus Investment Firm authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) with license number 127/10, incorporated and located at 139 Makarios Avenue, Zavos Business Center, 3rd Floor, 3021 Limassol, Cyprus.
UFX Customer Service
The UFX customer service are provided by its helpful staff of multilingual professionals who are available via online chat, email, fax or telephone during market hours 24/5 and provide support services in a variety of languages.
For login to UFX broker you can visit the broker website, After sign up you can check your email for free instructions and do UFX login.
UFX Trading Hours
UFX Trading hours of operation coincide with the global financial markets. Online CFDs and Forex trading hours starts from Sunday 5 p.m. to Friday 5 p.m., GMT time.
UFX Bitcoin Trading
At UFX you can buy or sell Cryptocurrencies like Bitcoin but you can not deposit or withdrawal with Cryptocurrencies like Bitcoins, So UFX BTC chart is available for trading but you can not deposit or withdrawal with a Cryptocurrency.
UFX Live Chat
To get a fast support you can use UFX Live chat, The UFX Live Support is also available to support clients, To use UFX customer support just visit the broker’s website.
UFX Review Conclusion
However the UFX forex broker is regulated but invest the amount you can afford to lose it as online trading contains risk of losing your money.