UFX Review 2018

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UFX Review

UFX is a leading international online forex and CFD broker that was established in 2007. The broker operates with an STP (Straight-Through-Processing) business model and is MiFiD compliant as well as being regulated by several financial regulatory agencies around the world. They use several state of the art trading platforms that are able to cater to different categories of traders. They offer traders a wide selection of assets to trade with and aim to provide their traders with the highest level of quality services. With numerous awards of excellence behind the UFX brand, traders can rest assured that UFX will make every effort to ensure that their traders can stay 100% focused on their trading objectives.

UFX Video Review

UFX Reliability – Is UFX a scam?

Having already been operational for a decade, the UFX brand is relatively well known among the online trading community. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and as such is MiFID compliant. This means that UFX is authorized to offer its services across the 30 member states of the European Economic Area (EEA).

In addition to being regulated by CySEC, UFX is registered with several of the leading financial regulatory bodies in Europe. They are also regulated by the Belize International Financial Services Commission (IFSC) for their operations outside of the EEA. This mean UFX clients’ money are safe since their deposits are being monitored and controlled by these regulatory authorities.

Apart from providing their clients with a well regulated trading environment, UFX has also ensured that their clients can trade the financial markets with reliable and stable trading platforms. This is done by providing proven trading platforms such as the MetaTrader 4 platform and ParagonEX WebTrader.

Their customer support service is also considered one of the best in the industry with localized coverage up to 23 different countries. To date, no other forex broker has such a broad coverage around the globe. Hence, it is not surprising to find that UFX have won numerous awards recognizing the quality of the services that it has been able to offer to traders. For example, UFX won the award for “2015 Best Value Forex Broker” and “The European 2015 FX Broker of the Year”. If the issue of whether UFX is a reliable broker, all these factors when taken into consideration will definitely reassure anybody who has any doubts about UFX’s reputation.

Trading Platforms

UFX offers their traders a choice of 3 main types of trading platforms. They include the popular MetaTrader 4 (MT4) platform, the ParagonEX WebTrader and the UFX Mobile trading apps.

  • MetaTrader 4

This is the industry standard trading platform and is used by brokers and traders all over the world. The platform is popular due to its user friendly interface as well as wide range of sophisticated trading tools that comes intergrated with the platform. In addition, the platform also supports automated trading with the use of Expert Advisors (EAs).

  • ParagonEX WebTrader

The ParagonEx 4.0 WebTrader requires no software download and installation. Traders can just trade the market simply by using their web browser. And with UFX’s unique MassInsights™ technology, traders can trade the markets based on real time updates of market events and aggregate traders’ behaviour.

  • Mobile Trading Apps

With UFX’s mobile trading solution, traders can rest assured that they won’t miss out on any trading opportunity even when they are away from their desktop computers. The mobile trading app is available for both iOS and Android powered devices and comes with features such as MassInsights™ Technology and advanced asset charts & trading tools.


Account Types

UFX has made it very affordable for traders to open a live trading account with them by requiring only a low minimum initial deposit of just $500 for their beginner trading accounts. But for traders who have different trading needs than those of a beginner trader, UFX has 4 other different types of trading accounts for them to choose from.

Mini Trading Account

  • 24 hour live support
  • Access to video library
  • Daily Market recommendations
  • Daily marketreviews
  • Minimum deposit of $500
  • Personal trading trainer

Standard Trading Account

  • All features of mini trading account
  • Exclusive market updates
  • Minimum deposit of $1,000
  • VIP trading support

Gold Trading Account

  • Access to MT4 platform
  • All features of mini trading account
  • Minimum deposit of $5,000
  • SMS trading alerts

Platinum Trading Account

  • Minimum Deposit of $10,000
  • All features of Gold Trading Account

Islamic Trading Account

  • For traders wanting to abide by Shariah law regarding interest

Minimum deposit of $1,000

Commission & Spreads

The spreads which UFX offers to their traders are fixed and is based on the type of trading account that the trader is trader from. For the Mini trading account, the minimum spread starts from 4 pips for the EUR/USD currency pair. For the Standard account, the spreads start at 3 pips and 2 pips for the Gold and Platinum accounts.

Customer Support

UFX understands that the support provided by the customer service team is extremely important to traders. Hence they have made it very easy for their clients to contact customer support on a 24 hour basis. In addition, their clients can reach the support team through several methods such as email, live chat, Whatsapp, Viber and the telephone. Telephone support is further enhanced with the provision of localised telephone numbers across  23 different countries.


  • Choices of trading accounts
  • Localised support
  • Multiple Trading Platforms
  • Regulated Broker
  • State of the Art Technology


  • Higher than average spreads
  • Minimum initial deposit higher than average
  • No deposit Bonus
  • Social Trading unavailable


UFX, regulated by several financial regulatory agencies, is able to offer their traders a safe and secured trading environment. In addition, they use the latest technology to ensure that their traders stay updated with the dynamic conditions in the markets in real time.


Company Information

Broker DetailsInfo
Regulated byCySEC
Headquarters CountryCyprus
Foundation Year2010
Publicly TradedNo
Number Of Employees200

Deposit Options

Credit Card, Neteller, QIWI, Skrill, Wire Transfer

Withdrawal Options

Credit Card, Moneybookers, Neteller, QIWI, Skrill, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$500
Max. Leverage1:400
Mini AccountYes
Demo AccountYes
Premium AccountYes
Islamic AccountYes

UFX Trading Features

Suitable For

Trader LevelYes/No
Day TradingYes
Weekly TradingYes
Swing TradingYes
Social TradingNo

Customer Service

24 Hours SupportYes
Support During WeekendsYes

Customer Support Languages

Arabic, Chinese, Dutch, English, French, German, Indonesian, Italian, Japanese, Portuguese, Russian, Spanish, Turkish

Trading Services

Supported Trading PlatformsMT4, ParagonEX
Fixed SpreadsYes
Educational ServiceYes
Email AlertsYes

Supported Instruments

Instrument TypeYes/No


plus500-awards-2016 plus500-awards-2015 ufxcom-awards-2014


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UFXUser Reviews

Rate this broker
  • 5.0
    My review on UFX
  • 4.0
    Real Time Updates in trading conditions
    Leon Gaertner
  • 5.0
    Authorized and Regulated Broker
    Edward Burkholder
  • 4.0
    Attractive Rewards for loyal traders
    Lee Barber
  • 5.0
    Several choices of Advanced Trading Platforms
    Douglas Juarez
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