UFX is one of the most reputable online trading brokers we have today. The Cyprus-based online trading broker was founded back in 2007. Its activities are regulated and monitored by the Cyprus Securities and Exchange Commission commonly referred to as CySEC.

Initially, the company went by the name of UFX Markets but later rebranded to UFX in 2014. The brokerage company also has an entity in Vanuatu. The Vanuatu actuality is monitored by a body known as the Vanuatu Financial Services Commission (VFSC)

Over the years, UFX has won multiple awards. For instance, in 2017, the company was named the FX broker of the year in Europe. Other awards won by UFX include:

• Best trader loyalty program (2016)
• Best trading platform (2016 and 2017)
• Best forex trading tools (2016 and 2017)

The best thing about UFX is that they offer customer support in multiple languages based on the preference of customers. Most importantly, UFX is easy and straightforward to use, and this makes them ideal for first-time traders.

UFX offers various types of trading accounts including Micro, Mini, Standard, Gold, Platinum, and Islamic trading accounts. Their accounts have varied minimum deposits with Micro and Islamic trading accounts having the lowest minimum deposits of $100. The Mini, Standard, Gold, and Platinum trading accounts have minimum deposits of $500, $1,000, $5,000, and $10,000 respectively.

UFX’s leverage depends on the type of asset but can go up to 400:1. They also offer competitive fixed spreads, which vary from one type of account to another. The broker also provides fast trade executions to make sure there are no slippages as well as re-quotes.

UFX offers bonuses and promotions to their customers regularly. For example, new traders are offered a bonus of up to $50 when they sign up. The broker also provides $5,000 trading cashback. The company also holds trading competitions on a regular basis where traders can win various prizes including a Lotus Elise car.

UFX allows traders to trade in stocks, commodities, currency pairs, market indices as well as ETFs. Currently, there are twenty-nine types of shares, over sixty currency pairs, ten ETFs, seven types of commodities, and seven market indices.

Traders can also trade precious metals including copper, platinum, and gold. Some offered commodities include natural gas, wheat, and Brent. UFX’s offerings are ideal for long-term investors and speculators.

This broker is regulated by the Cyprus Securities and Exchange Commission (CSEC) under license number 14581 and Vanuatu Financial Services Commission (FSC).

The broker also claims to act by the rules and regulations of the Markets in Financial Instruments Directive (MiFID).

UFX offers multiple trading platforms to take care of the trading needs of various traders. Their most popular trading platform is ParagonEX. In addition to being web-based, ParagonEX is easy to use and is mobile compatible. ParagonEX does not require downloading or installing any software.

UFX also offers Metatrader4 trading platform. This platform comes with many trading tools, charting packages, and a whole lot of useful technical indicators.

The online brokerage firm also offers mobile-friendly ParagonEX and Metatrader4 mobile applications. Their mobile web trader comes with all the features in the desktop trader. Also available are native mobile apps which are easily accessible on Play Store and App Store.

The best thing about these apps is; they are easy to navigate and come with a broad range of useful features. Additionally, the apps come in simple designs. When it comes to charting, the apps offer unique experiences and come with multiple drawing tools and indicators.

UFX is a Straight Forward Processor (STP) broker. This implies that they include commissions in their spreads. Their fixed spreads are high and vary from one type of account to another.

For the EUR/USD pair, this broker provides a fixed spread of 4 pips for the mini and micro accounts and three pips for the standard account. The gold and platinum accounts have fixed spreads of 2 pips on the same pair. The spreads for the crosses can go as high as 50 pips.

To make sure traders have an easy time depositing and withdrawing their funds, the broker supports various methods of payment. Some of these methods include bank wire transfers, credit cards as well as eWallets.

UFX supported credit cards include MasterCard, VISA, American Express, Maestro, and Diners. When it comes to eWallets, customers can use various wallets including Poli, Skrill, Neteller, and Sofort. We should also mention that the broker has a minimum deposit and withdrawal amounts of $50 and $70 respectively.

UFX offers reliable customer support from Monday to Friday, 24 hours a day. They provide customer support via phone and live chat. Customers can also reach them through web contact forms.

The broker offers telephone support services in twenty-three different countries. Their commitment to providing high-quality customer support is the main reason they’ve been able to win many awards over the years.

This brokerage offers a broad range of research and education resources. Some resources provided by UFX include FXStreet-powered headings and a dependable economic calendar.

Their MassInsights technology is capable of analyzing trader feeling data. The technology relies on changes in trading activities, turnarounds, and volatility to come up with detailed sentiment data.

The broker also offers additional trading content and research insights from iSignals and Alliance Signals. They also provide research content in the form of videos, guides, and articles to give users additional and more useful market analysis.

UFX is an established online trading brokerage company with many years of experience. They specialize in commodities, ETFs, indices, currency pairs, and stocks.

Over the years, they’ve successfully established themselves as highly reputable. They have a perfect marketing approach, and their customer support appears to be highly-knowledgeable.

UFX trading platforms, Metatrader4 and ParagonEX, are very efficient. Unlike other brokerage companies that have complicated trading platforms, UFX trading platforms are straightforward, unique, and unbelievably easy to use. Most importantly, their trading platforms support mobile trading.

The online trading broker accepts traders from various countries including France, UAE, Italy, South Africa, Australia, India, Denmark, Kuwait, Hong Kong, UK, Saudi Arabia, Thailand, Sweden, Germany, Qatar, Singapore, and many other countries. At the moment, they don’t accept traders from Canada and the United States.

UFX appears to be an excellent brokerage company. Although their different accounts have high minimum deposit requirements, the broker offers a broad range of resources, bonuses, and mouth-watering promotions.

Our main concern with this broker is their inadequate regulation. UFX is one of the least regulated brokerage companies in the industry. However, we’ll give them the benefit of the doubt since they've been in the industry for many years. For the period they've been operational, they’ve proven to be a truthful online trading broker.