UFX broker review and test – Is it a scam or not?

Review:Regulation:Platforms:Minimum deposit:Spreads:
4.2 out of 5 stars (4.2 / 5)CySEC (Cyprus)MetaTrader 5, Trading Central, App, MassInsights Technology$ 100From 2 pips
UFX broker logo

Trading is and has remained a difficult job for the newcomers, due to a lack of direction and knowledge. However, this review will help people to decide which platform is better for investment and trading purposes keeping in view the safety with the help of its comprehensive analysis. UFX is one of the online brokers that help its clients to achieve profits.

In this article, we want to share our experiences with UFX. The broker claims to be one of the best in the industry. Learn about the trading conditions, offers, trading platforms, and fees of UFX. Should you really invest money in this company? – Find out in our review below.

MetaTrader 4/5 is one of the best trading platforms
Official website of the broker UFX

What is UFX? – The broker presented

UFX is a Cyprus trading broker that is working for quite a long time to offer multiple ranges of trading opportunities for traders and investors. You can find the company at the address 139 Makarios Avenue, Zavos Business Center, 3rd Floor, 3021 Limassol, Cyprus. The platform is safe and regulated that offers investment opportunities in the world’s big companies.

UFX has the prestige to win multiple trading awards in return for its services rendered to the people. Multiple types of accounts are offered in this platform that helps users to invest and earn accordingly. It has unrivaled customer support to assist users all over the world. The interface of the platform is cool and easy to use. UFX has the best deposits and withdrawals method and has a great customer support team. The platform offers a diverse range of bonuses, promotions, cashback, and loyalty awards to its users also.

Facts of the broker UFX:

  • Based in Cyprus and regulated there
  • Awarded trading platform
  • Competitive conditions
  • Accepts international clients
  • More than 5 years in the trading business
  • STP (Straight-Through-Processing) Broker

The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:

Broker:Review:Advantages:Free account:
1. Capital.com
5 out of 5 stars (5 / 5)
➔ Read the review
# Spreads from 0.0 pips
# No commissions
# Best platform for beginners
# No hidden fees
# More than 3,000+ markets
Live account from $ 20:
Open your free account

(Risk warning: 76% of retail CFD accounts lose money)

Review and test the UFX trading platforms

All the trading brokers try to provide a unique, easy, and diverse interface for the trading platform. A good and easy-to-use interface is the most important thing for brokers. UFX has made the best possible interface to give an excellent trading atmosphere to its users. It is designed amazing that a new trader can do very well on it.

UFX trading platform
UFX trading platform

Overview of the UFX platform

At the top left side of the platform, the users can access assets like currencies, commodities, indices, stocks, and EFTs. There is also an option of the portfolio, where users can see their holdings and overall value. Transaction history can also be viewed as the economic calendar as well. At the bottom of the left side, there is an option of support, where people can contact customer support.  The top side of the main page has equity, balance, P&L, positions, free margin, and the option of used margin. People can also access the trading central. There is an option of deposit at the top right corner of the platform. The live price bars and charts can be viewed from the main page.

Different assets, indices, companies along with the buy/sell rates and the spread can be seen. Users of the UFX can also view 24 hours changes in the market price along with the 24 hours high and low market price.

Following are the other platforms offered by the UFX:

Mass insight tech

Mass insights tech helps the users to perform better with the help of AI-based techniques and methods in trading.

MassInsights platform UFX
MassInsights platform UFX

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 76% of retail CFD accounts lose money)

MT5

MT5 is the most advanced form of trading platform that helps users in getting multiple benefits at the same time. Users of MT5 get instant news, feedback, and expert analysis. Hence, it greatly helps the new traders in trading.

UFX MetaTrader 5 platform
UFX MetaTrader 5 platform

Trading Central

Trading Central helps the traders to get the latest updates and analyses from the top experts. All the details and analysis are done in a pure simple way to help the new traders. Trading Central helps in the fast execution of orders.

UFX Trading Central
UFX Trading Central

Mobile trading app

UFX has made a great contribution in facilitating the traders. Just like all other platforms, UFX has launched mobile trading on mobile apps on the apple store and android store as well. The mobile application is easy to use and is full of the latest features. The size of the file is 9 Mb and has 500K+ downloads. It shows the popularity of UFX among the users.

UFX mobile app
UFX mobile app

Languages supported by the UFX trading platforms:

Following are the languages offered by UFX for users of different countries.

Japanese, Vietnamese, Danish, Indonesia, Hungarian, Czech, Malay, Chinese, Romanian, German, Arabic, Swedish, Norwegian, Finnish, Italian, French, Polish, Russian, Portuguese, Hindi, Dutch, Turkish, Spanish, English.

Learning to trade with UFX

UFX has fulfilled its promise of imparting technical knowledge of trading among users.  The platform has helped a lot in this field by making new traders into professional traders within a short span of time. The features and facilities like an economic calendar, elective professional clients, video lectures to train the news traders have made significant positive results. In this way, UFX has done a lot in educating the new traders by empowering them with the necessary tools required for trading. SMS alerts, recent updates are given to certain account types to have full interaction with the market and information about their trades.

How to open your account

The process of opening the account is simple due to its easy-to-use interface. The users need to enter their first and last name, email, set password, any promotional code to get a discount, country selection, and by entering phone number. Traders have to continue and proceed to the next step of verifying the account by clicking the link sent to the email address.

Open a free account with UFX
Open a free account with UFX

The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:

Broker:Review:Advantages:Free account:
1. Capital.com
5 out of 5 stars (5 / 5)
➔ Read the review
# Spreads from 0.0 pips
# No commissions
# Best platform for beginners
# No hidden fees
# More than 3,000+ markets
Live account from $ 20:
Open your free account

(Risk warning: 76% of retail CFD accounts lose money)

Negative balance protection

The negative balance of protection has proved a life-saver for the new traders. Just like other platforms, UFX has also offered the facility of the negative balance of protection to save its users from getting into debt. This feature works in a way that when the traders are at a great loss, it automatically activates the stop loss, and a sell order is executed to save the funds from getting into the negative.

Deposits and withdrawal

UFX provides a great facility to its users by providing multiple deposit methods and instant deposits. The withdrawal time is also standard around 2 to 5 business days.

UFX payment methods
UFX payment methods

Deposit methods offered by UFX

UFX provides a great facility to the users that are available worldwide so that traders don’t have to face any issue regarding the depositing of funds.

Payment methods

Following are the payments methods offered by UFX:

  • Visa
  • MasterCard
  • Maestro
  • American express
  • Diners club
  • Skrill
  • Neteller
  • Poli
  • Sofort banking
  • Visa electron
  • SOFORT
  • Giropay
  • Elv
  • iDEAL
  • cashU
  • webmoney
  • Qiwi
  • Bitcoin
  • Paysafecard

The minimum deposit for different account types:

  • Minimum deposit is $100 (Micro/Mini)
  • Minimum deposit is $500 (Mini)
  • Minimum deposit is $1000 (Standard)
  • Minimum deposit is $5,000 (Gold)
  • Minimum deposit is $ 10,000 (Platinum)
  • Minimum deposit is $10,000 (Islamic)

Withdrawal method

UFX has a very clear and transparent policy of making swift withdrawals after careful consideration and verification of the user’s account.

Following are the withdrawal conditions for the withdrawal:

  • Withdrawal will be deposited into the same banking method
  • Credit cards charges will be 2.5 %
  • Wire transfer charges around 3%

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 76% of retail CFD accounts lose money)

Support and services

IF you want to judge the services of any working business, one can judge from their vigilance of the customer support they provide for the users. UFX provides 24 hours customer support to its users and due to the great customer support; it gets overwhelming responses from the users. The platform provides support in different ways that we will discuss here briefly.

Email

UFX users can ask their queries at this email. All the queries are addressed within 24 hours time.

Live chat

A live chat is an option is available on the main page, where traders can ask direct questions during the live chat.

Mobile phone

UFX provides has a very long network working in many countries. It has given mobile phone numbers of the different countries offices, where traders can ask queries about their relevant questions and get their issues addressed.

Following is the list of phone numbers of countries.

  • Italy users can contact us on +39 069-480-0290
  • Czech- republic can contact us on +420 228-881-495
  • Spain users can contact us on +34 910-754-783
  • Singapore users can contact us on +65 3138-8923
  • Bahrain users can contact us on +973 1619-9863
  • Turkey users can contact us on +90 212-900-4747
  • Russia users can contact us on +7 499-638-5977
  • France users can contact us on +33 18-721-0417
  • Germany users can contact us on +49 303-080-8240
  • United Emirates users can contact us on +800 035-702-407
  • Cyprus users can contact us on +357 2222-2171
  • United kingdom users can contact us on +44 20 8150 0778

Social media accounts

Social media has become the most influential tool in the modern world. It helps in growing the business by connecting with users

Accepted and restricted countries

UFX has a wide operating network and has the vision to expand the network all over the world also.

Accepted countries

Following is the list of accepted countries for UFX:

  • Hungry
  • Norway
  • Sweden
  • Czech republic
  • Poland
  • Denmark
  • Singapore
  • Canada
  • Spain
  • Bahrain
  • Turkey
  • Finland
  • Russia
  • China
  • France
  • Romania
  • United Arab emirates
  • Germany
  • United Kingdom
  • Cyprus
  • and some more

Restricted countries

  • United State of America

Extra features of UFX

  • Economic calendar
  • Franchise
  • Parented referrers
  • Affiliate program
  • Elective professional
  • Daily market review
  • Regulated trading platform
  • Multiple trading accounts
  • Video lecture series

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 76% of retail CFD accounts lose money)

Conclusion on our UFX review: Easy to use trading platform

UFX is a secure, efficient, reliable, and regulated trading platform that is providing access to different markets to traders. The platform has instant withdrawal and deposit methods with different payment methods. It has a very unique and easy interface that helps new traders by providing trading education. Customer support of the platform is efficient and provides a quick response. UFX offers multiple offers and promotions from time to time. Hence, this platform is an ambitious one to start the trading journey and investing money in big companies.

UFX review

Review of the broker UFX.

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UFX broker logo
Regulation
Offers
Platform
Support
Deposit
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Summary

UFX is a regulated online broker with a good variety of offers for traders.

4.2

Overall, UFX is a reliable online broker with average trading conditions. 4.2 out of 5 stars (4.2 / 5)

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Experienced traders since 2013

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 76% of retail CFD accounts lose money)

FAQ – The most asked questions about UFX : 

Is UFX a scam?

Nο. UFX is nοt a scam brοkеr. Fοllοwing οur rеviеw, wе can cοnfirm that UFX is a lеgitimatе οnlinе trading brοkеr. Thе brοkеr is rеgulatеd by thе Vanuatu Financial Sеrvicеs Cοmmissiοn (VFSC) undеr licеnsе numbеr 14581 and еnsurеs thе safеty οf funds fοr cliеnts.

Hοw dο I οpеn an accοunt with UFX?

In οrdеr tο οpеn an accοunt οn UFX, yοu will havе tο cοmplеtе a short sign up prοcеss οn thеir οfficial wеbsitе. Yοu will thеn havе tο insеrt yοur full namе, еmail, phοnе numbеr and crеatе a passwοrd and thеn, yοu will havе tο vеrify yοur accοunt with dοcumеnts prοving yοur idеntity and addrеss.

Is UFX an autο trading rοbοt?

Nο, UFX is nοt an autοmatеd trading rοbοt but a lеading οnlinе brοkеr that is οffеring fοrеx and CFD trading. Autοmatеd trading rοbοts wеrе dеsignеd tο autοmatically scan thе cryptο markеt and placе markеt οrdеrs. Autο trading rοbοts such as Bitcοin Tradеr placе οrdеrs thrοugh οnlinе brοkеrs likе UFX.

Arе thеrе risks whеn trading with UFX?

Yеs, any invеstmеnt invοlvеs a cеrtain lеvеl οf risk. Lеvеragеd trading, in particular, is a high-risk activity that can result in lοssеs. Hοwеvеr, trading οn a rеliablе trading platfοrm such as UFX will significantly rеducе yοur lеvеl οf risk.

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Last Updated on January 27, 2023 by Arkady Müller