UFX Review and Tutorial 2019

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UFX Global is a top forex and Contract for Differences (CFDs) trading system that’s possessed by Reliantco Investments Limited. The business was launched in 2007 and is currently located in the Republic of Vanuatu. The business ‘s head office is located at Govant Building, Kumul Highway, P.O. Box 1276 Port Vila, Vanuatu. The broker works on a Straight-through-Processing (STP) business design and consequently doesn’t take opposing marketplace positions to the of the customers ‘ trades. With their state of the art trading platforms, UFX aim to meet all their clients trading needs, while at the same time offering stable and competitive spreads.
Regulation & Reputation
In terms of regulatory oversight, UFX comes under the jurisdiction of the Vanuatu Financial Services Commission. The broker is regulated under the license number 14581. As for the reputation that UFX has earned over the years, the broker has been recognized by leading industry reviewers for its outstanding services and product offerings. Since 2012, UFX has been winning recognition for its services to the industry.
Trading Platform
As for the trading platfroms provided by UFX, the broker offer traders two main types of trading platforms, ParagonEx Web Trader 4.0 and the MetaTrader 4 (MT4) platform.
MetaTrader 4 Platform
The MetaTrader 4 or MT4 platform is the most popular forex and CFD trading platform in the industry. It has been adopted by around 80% of the brokers in the market. The platform is also well liked by traders in the online trading community as it offers them a wide range of advanced trading tools. For example, the MT4 comes with an advanced charting package, as well as a large library of technical indicators. It supports multiple order types and automated trading through the use of expert advisors. The platform is also able to support multiple langauges, so traders can customize the user interface to their native language.
ParagonEx WebTrader 4.0
The alternative trading platform which UFX has made available to its clients is the ParagonEx WebTrader 4.0. This trading platform is a versatile platform that is web-based and requires no software download or installation. It has intergrated charts and supports real time news feeds. The version 4.0 adopted by UFX is the latest version of the ParagonEx WebTrader and uses the innovative MassInsights Technology to provide trades with information about the prevailing trends in the markets. This technology is so advanced that it has received numerous awards from leading industry reviewers.
For those who prefer to trade on the move there is a mobile trading option.
Mobile Trading
Traders who are highly mobile now no longer need to worry about missing out on trading opportunities. With the UFX mobile trading app, traders can now trade the markets directly from their smartphones or mobile devices. It also comes with MassInsights Technology and numerous advanced trading tools. The mobile trading app is available free of charge and can be downloaded directly from the Apple App Store or Google Playstore.
Trading Accounts
As for the trading accounts that are available at UFX, you have a choice of 6 different types of trading accounts.
Micro Trading Account
Minimum deposit of $100
24 hour live support
Video library access
Daily recommendations
Daily reviews
Mini Trading Account
Minimum deposit of $500
24 hour live support
Video library access
Daily recommendations
Daily reviews
Personal Coach
Standard Trading Account
Minimum deposit of $1000
24 hour live support
Daily recommendations
Daily reviews
Exclusive updates
Personal Coach
Video library access
VIP support
Gold Trading Account
Minimum deposit of $5000
24 hour live support
Daily recommendations
Daily reviews
Exclusive updates
MT4 platform Access
Personal Coach
SMS Alerts
Video library access
VIP support
Platinum Trading Account
Minimum deposit of $10,000
All features of the Gold account
Islamic Trading Account
Minimum deposit of $100
24 hour live support
Video library access
Daily recommendations
Daily reviews
Personal Coach
Bonuses & Promos
While UFX does not offer any kind of trading bonuses to its clients, it does have a loyalty program called the “Cashback” program. The more you trade, the more you will earn in terms of rewards. In addition, UFX also hold regular trading competitions where traders can participate in and win attractive prizes. Some of the prizes offered included a Lotus Elise sport car.
Assets & Instruments
With UFX, traders can trade in Currency pairs, commodities, ETFs, market indices and stocks. There are 60 currency pairs, 7 types of market indices, 10 ETF funds, 29 types of stocks and 7 types of commodities.
Customer Support
Customer support at UFX is available 24/5 through live chat, web contact form and the telephone. In terms of localized telephone support, UFX has a support representative in 23 different countries. With such wide support coverage around the globe, it is easy to understand how UFX has won so many awards such as “FX Broker of the Year” and “Best Value Forex Broker”.
Deposit & Withdrawal
To ease the financing and withdrawal of capital, UFX has given service for many procedures of payment procedures. They comprise transfer by charge cards, eWallets and bank wire transfer. Major credit cards like VISA, Mastercard, Diners, Maestro and American Express are accepted by UFX. To get eWallets, traders may use popular pockets like Neteller, Skrill, Sofort and Poli. Please notice that UFX possess a minimal sum requirement for both withdrawals and deposits. For deposits, the minimum total is $50 and $70 for withdrawals.
Is UFX appropriate for day trading?
If you’re seeking to day trade and are on the lookout for a suitable broker, the very first thing which you ought to consider is if the system and tools provided are acceptable for trading. In the instance of UFX, it’s a suitable broker for afternoon trading since CFD contracts could be closed or opened at any moment.
UFX Awards
A number of the Most Recent awards earned by UFX comprise the following:
2017
Greatest Forex Trading Tools — MassInsights Technology (UK Forex Awards)
FX Broker of the Year (The European)
2016
Greatest Forex Trading Tools — MassInsights Technology (UK Forex Awards)
FX Broker of the Year (The European)
Finest Trader Loyalty Programme — UFX Rewards (FX Report Awards)
Finest Trading Platform — MassInsights Technology (FX Report Awards)
FAQs
What’s the minimum deposit requirement to open a trading account?
The minimum deposit requirement in UFX is 100 for your Micro trading accounts.
How quickly can my lack request be processed?
The processing period for withdrawals is dependent upon the processes used. On the other hand, the normal time necessary to process a withdrawal petition is just 3 business days.
Is UFX a dependable broker?
Yes, UFX is still a trusted broker as it’s been working since 2007. Additionally, it’s governed by the Vanuatu Financial Services Commission.
What type of trading platform really does UFX have?
There are just two kinds of trading platforms accessible at UFX, both the MetaTrader 4 along with also the ParagonEx Webtrader.
Can UFX cost a withdrawal fee?
No, UFX doesn’t impose any charge for withdrawals. But, traders may nonetheless be responsible for any penalties levied by the banks.
Accepted Countries
UFX prevents traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar along with most other states.
Traders Can’t utilize UFX in United States, Canada.