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UFX review
UFX


On-line since: 2007
Country of origin: Cyprus
Regulation: IFSC and CySEC
Payment options: MasterCard, Visa, Visa Electron, Maestro, Diners Club, Skrill, Cashu, WebMoney, QIWI, NETELLER, Sofort, ELV, Giropay, Neosurf, iDEAL, China UnionPay, POLi
Minimum account size: $500
Minimum lot size: 0.01 lot
Leverage: 1:400
Spreads: fixed

About the company:

UFX offers its services on Forex since 2007. The company doesn’t declare itself as an executing broker and is not linked to the stock market directly. UFX conducts intermediate operations, delivering orders from its clients to a broker which provides more favourable conditions of execution.

Clients of UFX can choose various trading instruments which include currency pairs, stocks, CFDs on futures, commodities, and indices. Moreover, the broker renders PAMM and MAM services. The company uses straight through processing (STP) in its work.

There is ParagonEx trading platform designed by UFX available to its clients. The company also suggests MetaTrader4 trading platform which is familiar to many traders. Besides, UFX recommends its UFX Trading application available for iOS and Android.

UFX 7/10 (votes 3093)
Comments Interested in other brokers?
Author of UFX: Adrifx | Date 2018-04-02
I have a standard account with UFX but I will close it. My problem with them is that the platform has delays in execution, and the spread is not fixed as mentioned. I traded for the past 4 months with UFX and called their support team many times and they are very rude. I am a day trader and using medium term positions. I trade currency pairs USD/CHF and USD/JPY. I lost my first deposit of 500$ after the first month, and since then I deposited again 500$ with the hope to make back my lost funds, but this is not possible because of the delays.
Author of UFX: Lolu | Date 2018-02-14
UFX is a big scam, I made profit, all they do is adjust my account and simple say ..Off market Traders. They stopped replying to my emails and would not talk to me on live chat. Whenever I call them, their admins are busy in meetings. They stole 2000USD from my account. Stay away from this broker.
Author of UFX: JonsalyTL | Date 2017-11-27
There is something terribly wrong with UFX Broker. I executed a trade upon news announcement, and the market moved 25 pips and a full 10 seconds, before I got filled. Last week my stop was about 36 pips away from the price and they still took out my stop. This happened several times. Rollover cost and commissions too high compared with others. This is a bad sign that the broker is starting to play tricks on you! So no recommendation from me at all!
Author of UFX: fxkaruthat | Date 2017-11-27
At the first time, I trading in UFX because their spreads are fixed. But I often failed even lose my profit because these brokers often do change the rebate in the last minute and without prior notice. It really got me crazy because it is very difficult and inflexible. So I often lose my profit and besides I always had trouble to make the withdrawal of profit. Last time, I could not make a withdrawal but the customer did not even provide settlement support I needed, they think it's because I am a newbie in trading. I think to close my account if I don't get fix rebate and profit in this trading.
Author of UFX: Khodani | Date 2017-10-25
UFX $50 Phone Verification Bonus is the most bogus offers I ever seen. The Withdrawal requirements impossible to fill up for a traders. Especially c. Fulfilling a minimum trade volume of 1 000 000 USD. I have a bad experience with this. Already I have been traded 9700 trade volume and make profit $1245. So cant able to withdraw my profit from a mini account. So I have asked the support and they told me fill up the trade volume. UFX thinks client are irritated, so they didn't describe it anywhere. I think it is broker's tricks to deposit from the client. Also I have experienced the slow execution, slippage problems on their MT4 platform a. So I am disappointed about UFX companies!
Author of UFX: Moses | Date 2017-08-08
So many issues with UFX platform, I had $800 in my account with this broker and all went off without making any profit at all. Platform keeps freezing whenever I want to close my open positions, I know platform freezing is a usual problem common to brokers, but i don't why it always happens whenever I want to close my positions. It later occurs to me that UFX has a way of manipulating their platform so that the trades can be against me. I won't recommend this broker.
Author of UFX: Onanal | Date 2017-06-08
I have been a dealing room client since last year. Through my excellent relationship with my personal dealer who I can contact 24 hours always via chat or phone, i have successfully built my account up starting with $120.05 where i have made substantial profits. I believe that most of the negative comments are coming from people who have lost money but don't realize that they participate in a very risky market and they lack in education. It only took minutes to open an account and start trading with them. Their spread is reasonable and even though I'm a day trader, but most of the time I close a winning position with like +20 pips profit, so a 1 pip difference has no effect to me. Thanks to them I started getting steady profit month by month and I have returned more than 30% of my starting investment to them.
Author of UFX: fxgalakjih | Date 2017-05-24
UFX offers nice trading Margin, they give welcome bonus so then I made deposit and I had a nice profit the first months almost 300$. But I think I can not continue trading in the future even though their spreads are fixed but when the value of minimum deposit so high as much as $500 that mean when I get profit, I must add more capital again to start a new deposit. The broker is manipulating the prices by giving many bonus but take more deposit to low profit. I hope they improve the strategy so I'll make deposit again because I enjoy the platform that work smooth.
Author of UFX: kentfx | Date 2017-05-02
I’ve joining them almost for 1 year and for the 10 month nothing being so suspicious but then when I request for withdrawal it delayed my request up to 3 weeks and this issue never happened before this. Besides, not only for withdrawal request but their platform also have a problem with the execution that delayed for 15 second that make all my instant order miss the price that I want. Sometimes their spread widen too much that always hit my stop loss and miss my take profit. The saddest thing is when I want close my profit position manually it will freeze like they don’t give me a chance to gain profit. I’ve report this to their support team and they don’t even replying my queries. I’ve to live chat with them that waste my time almost 30 minutes to wait for them to respond but at the end they give me with unprofessional answer.
Author of UFX: igor | Date 2017-03-21
That was last month when I received a call from their representative and after a brief discussion, I decided to try them not because I was forced to, but because I wanted to invest my money online... I transmitted my money worth 610 US dollars thru my Diners club. At first, I was having a hard-time to manage my account because I know nothing about Forex trading. But after a month of trading, I finally know how to handle my trading account and to avoid hitting by a margin call. My first profit for my long position of nzdusd is 28.10 usd, and that was last Thursday. In terms of payout, I don't have an experience yet. For now, I want to accumulate my earnings. My target is to withdraw more than 200 usd.
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