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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 3097)
Author of UFX: Reka | Date 2021-05-27
My experience at UFX was not what I expected. I was looking forward to a smooth trading experience but this is not what I got because of their faulty platform. Most of the time, it would freeze or crash so my trading activities are affected.
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Author of UFX: Jayson | Date 2020-11-24
They have a lot of trading instruments, but the platform crashes a lot and it stops during a trade. Traded with UFX for just a month, and after the a month of trading on the platform, I had no choice than to withdraw my little balance and close my account. It's impossible to perform my trading strategies with requotes and slippages. I'm very disappointed with them. Maybe I'm still lucky, not all of my money is lost because of this broker. My brother's money has already lost $3500.
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Author of UFX: Ratih | Date 2020-07-01
There were a lot of reasons why I lost, which include, software freezing, order fulfillment problems, pips increasing unexpectedly. I made a withdrawal with $850, when I earned profit $500. Then, I waited in 1 week without getting money, so I checked it again by calling their support. Their support told me that my request was still waiting for processing. They have some technical difficulties and withdrawal of money is not so fast as I wanted.
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Author of UFX: Ratih | Date 2020-07-01
There were a lot of reasons why I lost, which include, software freezing, order fulfillment problems, pips increasing unexpectedly. I made a withdrawal with $850, when I earned profit $500. Then, I waited in 1 week without getting money, so I checked it again by calling their support. Their support told me that my request was still waiting for processing. They have some technical difficulties and withdrawal of money is not so fast as I wanted.
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Author of UFX: Jonarthen | Date 2020-04-29
I've been lost $350 in a Micro account with UFX broker. I have experienced their variable spreads and fake price quotes on their platform, So I can't make a profit in scalping trading. Also, their payment service through Skrill is full of harassment in my forex trading life. That's why I am so shocked by UFX brokers!
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Author of UFX: cassie | Date 2020-03-27
I no longer trust UFX brokers. Finally they refused the $700 withdrawal request. They just refused. Until now I have not gotten my money. UFX broker told me that I heavily, broke the rules. All my orders were closed after 5 minutes. I didn't break any rules. UFX kept insisting that I did to get back the money that I earned from them.
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Author of UFX: Juliana | Date 2019-12-23
Not a reliable broker, with totally unprofessional customer support. Their analysis and forex news are misleading and also incorrect. When I checked my account, I discovered that some of my earnings yesterday got cancelled. I received an email about it, but the explanation seems unconvincing. UFX told me that I heavily, broke the rules. How? All my orders were closed after 5 minutes. I didn't break any rules. UFX kept insisting that I did to get back the money that I earned from them.
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Author of UFX: Soraya_pieter | Date 2019-09-18
It was my biggest mistake that I traded with UFX broker. Last month they cancel my profit of $150 trading during economic news release but did not cancel my loss of $200 trading during the same period. This is one issue, my another issue with them that is they stated they approve withdrawals within 8 working hours, but they approved my withdrawal last withdrawal of $100 after 27 business days. So that I'm really uncomfortable and worry about this broker.
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Author of UFX: Raphael | Date 2019-03-14
I've losing trading experience with UFX broker. I had $350 invest in a Micro account. but I've lost it, as the spread isn't fixed, I have experienced the variable spreads and their price isn't same with real-time currency quotes. So I was getting a loss every day by the scalping strategy. Also, I have faced financial problems, such as they had cancelled my withdrawal request so many time through Skrill account. Also, I've found the slow execution of platform, slippage problems on their MT4 platform and their server went down frequently. So I am shocked and hate UFX companies!
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Author of UFX: Ioeveaw | Date 2018-12-23
I tried UFX about 2 months. One of the worst broker I've ever traded. End to the last months I was trading on GBPUSD pair and I made $214.15 profits. Next day I get email from their customer support they deleted my profit of $214.15, in connection to section 9.6 terms and conditions. But I did not take any bonuses from them and when I asked for the prove they started ignoring me. I don't know what more I could do except file a court case.
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