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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 2573)
Comments Interested in other brokers?
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.
Author of UFX: TraderMcomedy | Date 2017-03-09
There is absolutely nothing good I can say about UFX. I registered with Mini account and I paid $500 . When I start trading I found they stop hunt put on false trades, spike the market. Beside this I can’t cancel my pending order after news spike and it was finally eat out by the retracement. During the 3 months trading with them I lost $430 .it is quite impossible to trade against the broker. I wouldn't recommend either one.
Author of UFX: Michaud | Date 2017-02-27
I’ve traded with UFX for 1 year, and I really satisfy with this broker. During my trading career, I have traded with many brokers and I found UFX be the best among them. UFX has good customer service, and the live chat response is always immediate to my questions. Once, I have problem in making profit, because I traded when there has some technical issues. At that time, I worried my profit would not be accepted, so I called their customer service to help this matter. Luckily, their customer told me that my profit was accepted, and they supported to transfer money when I asked to withdraw. Thus, this broker always supports me to have good trades, no matter what I trade small or large accounts. At the beginning, I started with them only 100$, but now my profits is $1000. Additionally, I have a good insight into the markets by their experts’ daily analysis, whereas other brokers provide information and outlooks that are simply propaganda. This broker also has low spread and execution of trades is fast and trading platform works without problems. By the way, I am satisfied with the trading at UFX and I would recommend this broker to traders!
Author of UFX: Weh | Date 2017-01-31
It's almost 2 years since I am trading with them and so far until now everything was smooth. During brexit there were some big spread & gaps but everything is back to normal after some days. i am still staying with them because they supported any kind of trading strategy, good support team, auto withdraw everything is good. UFX is a fantastic broker.
Author of UFX: Jajar | Date 2016-10-31
I have had a real cool experience with UFX. I have traded with them for 2 years, used both their mobile and desktop app, enjoyed their crowd data and made profits. I am starting to think that some of the comments here are impartial because I am trading with UFX for a long time with no hint of a problem. I have done more then 20 withdrawals from my account, every withdrawal was done on time and accurately. No withdrawal commissions like other companies and zero surprises.
Author of UFX: sheh Dhims | Date 2016-10-06
On July 5, 2016, I transferred my funds worth $3500.00 in my trading account through Neteller and a week after, the money was not still credited in my account. I called their staff about my concern and they simply told me to wait because the payment system had an internal problem and affects my transaction. So, I patiently waited. It took 3 weeks to clear the issue. The staff sends an apology letter to me which I accepted eventually. The problem doesn't end there, last month, that was Sept 6, 2016 when I decided to get some of my earnings worth $48 and it turns out impossible because the minimum withdrawal was $70. Trading with them was very stressful. They have a lot of hidden rules. New rules are impose when you want to withdraw your funds.
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