General Information & Regulation
UFX is a brokerage operational since 2010. 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 22nd 2010. It operates under the Financial Instruments Directive 2014/65/EU or MiFID II and the EUs 4th Anti-Money Laundering Directive.
Market Instruments
Investors can trade popular financial instruments on the UFX market, including Forex currency pairs, commodities, stocks, stock indices, and exchange-traded funds.
Minimum Deposit
UFX offers five different trading accounts: Micro (minimum deposit of $100), Mini (minimum deposit of $500), Standard (minimum deposit of $1,000), Gold (minimum deposit of $5,000), Platinum (minimum deposit of $10,000), as well as an Islamic account for Muslim traders (minimum deposit of $10,000).
UFX Leverage
UFX, as a Cyprus-regulated broker, offers different trading leverage for retail and professional traders. For retail traders, the maximum leverage for forex instruments is capped at 1:30. While for the professionals, the maximum leverage for major forex trading is up to 1: 400.
Spreads & Commissions
The UFX Mini Account offers the spread of 5 pips on USDJPY, 10 pips on AUDCAD, 210 pips on Gold, 750 pips on Silver, 550 pips on German DAX30, and 142 pips on Alibaba share. For the Standard Account, the spread is 4 pips for USDJPY, 9 pips for AUDCAD, 195 pips for Gold, 700 pips for Silver, 500 pips for DAX30, and 138 pips for Alibaba. For the USDJPY spread is 3 pips, the AUDJPY spread at 7 pips, the Gold spread at 165 pips, the Silver spread at 600 pips, the German DAX30 spread is 300 pips, and the Alibaba stock spread is 134 pips. For the platinum account, the spread is 3 pips for USDJPY, 7 pips for AUDCAD, 150 pips for Gold, 550 pips for Silver, 300 pips for German DAX30, and 130 pips for Alibaba stock.
Trading Platforms
UFX offers traders a web-based trading platform, a mobile trading platform, and an MT5 trading platform. The web trading platform opens your browser and starts trading with lightning speed, no download or installation required. The mobile trading platform supports native mobile apps for iOS and Android, and traders can also log in and trade through their mobile browsers. MT5 is the latest all-in-one trading platform that offers a range of superior features, intuitive, easy-to-use interface, rock-solid stability, and superb performance. 21 timeframes and over 80 technical indicators that can be easily tracked down to the smallest detail.
Deposit & Withdrawal
UFX supports a variety of convenient deposit and withdrawal methods, mainly VISA, MasterCard, Maestro, Diners Club, local bank transfers, Skrill, NETELLER, ELV, GiroPay, iDEAL, CASHU, QIWI, WebMoney, POLi, etc.
Customer Support
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 webform, by calling or utilizing the live chat option
