UFX Broker Review

UFX is an award-winning trading platform with many other titles under their belt, such as European Financial FX Director of the Year in 2014 and 2015, European FX Broker of the Year in 2014 and 2015, UK Forex Winner 2015, and the UK Forex Winner for Best Forex Customer Service. They are a UK based broker platform, that is owned and operated by Reliantco Investments Limited with CySEC regulation. The company is registered in Limassol, Cyprus. Additionally, UFX enjoys all the benefits of MiFID to passport its services across Europe. They were founded in 2014

They pride themselves on being a platform that will appeal to all levels of traders, even novice traders. They claim to cut through the jargon and get right to the point. Traders can trade at any time they wish to with confidence. Their approach is to build relationships with their users, by providing support and assistance at all times when needed. They offer trading coaches and one to one sessions. They are fully regulated Forex broker, VAT registered with a company number also.

UFX: The Better Trader

The company further sell their credentials to potential traders by stating a competitive advantage they have over other trading sites, with their “better broker” business model which launched in 2016. They also commit themselves to a high level of customer service and realize that transparency is the key. Their business model is based on the following:

  • Build and develop the trading platform around our customers’ wants and needs.
  • Deliver a better experience and make online trading comfortable and convenient.
  • Foster a unique, inclusive performance culture that attracts and trains the best.
  • Reinvest in our business, with a primary focus on organic growth.

 

What Trading Platforms Are On Offer?

All platforms are user friendly. UFX have designed four which will allow traders to trade at any time.

Mass Insights Trading: Allows users to see how other traders are trading. It will give an insight into which way the market could potentially head or is currently heading. Key information such as how many traders are buying or selling an asset will be at your disposal. This will allow users to go with the more dominate activity or against it. This key information is gathered from traders all over the world.

Web Trader: Is accessible via the Internet, with no download needed.

Mobile Trading Platform: Is an app downloaded to the user’s mobile or cell phone, that allows the user to trade on the go. It is free to download and it is perfectly suited to all makes of iOS and Android devices.

MT4: MetaTrader 4 Platform for Serious Traders: Said to be the most comprehensive trading tool on the market. Used worldwide by a high number of traders. This is an upgrade from the web trader platform. Some of the features include trading resources, advanced technical analysis, automated trades and charting. However, only premium account holders can access this platform.

Accounts For Users

There are six accounts on offer, starting from the Micro/Mini Account at the lower end, Mini Account, Standard Account, Gold Account, and Platinum Account at the top end.  There is also an Islamic Account. These accounts allow users to make a choice on the account type that they would like, based on their activity preferences. For example, the Micro/Mini Account allows users to deposit a minimum on $100.00 and trade up to $250.00. The Mini Account allows users to deposit $500.00 and trade up to $5,000. The Standard Account allows users to deposit $1,000 and trade up to $10,000. The Gold Account allows users to deposit $5,000 and trade up to $50,000. The Platinum Account allows users to deposit up to $10,000 and trade up to $100,000. Finally, the Islamic Account allows users to deposit $1,000 and trade up to $10,000.

These accounts also allow users to benefit from a personal trading trainer, twenty four hour support, daily recommendations, daily market reviews, and a video library. For accounts opened that are Standard, Gold and Platinum holders have access to VIP trading support and exclusive updates. There is also access to the Meta Trader 4 platform and SMS trading alerts for the higher-level accounts.

Depositing And Withdrawing Funds

Depositing money into an account with UFX is very simple, all major debit and credit cards are accepted. Visa, Sofort, MasterCard, Maestro, Diners Club International, American Express, POLi, Neteller and Skrill. In addition, there are e-wallet options, and payment options that are used in individual countries. One of the advantages of this platform is, the many ways for a trader to easily deposit into their account.  Withdrawals can be made directly into a bank account. There is also an online chat with further support available.

Markets and Activity

There are several markets that traders can work across. Commodities include silver, gold, crude oil, and natural gas. Indices include DAX, the S&P 500, Dow Jones Industrial Average and the NASDAQ Composite Index. ETFs include BNO, DIA, EPO and EEM.  Stocks include Apple, Google, Facebook and Abertis.

Bonus/Promotions

There is a challenge offered to traders. The challenge is endorsed and backed by a Football sportsman Andres Iniesta. Another promotion is, if you decide to trader with UFX’s MassInsights technology you could meet the UFX’s French ambassador Emmanuel Petit. UFX also have their own internal competitions and awards.

Customer Support

There is an option to have an online chat. Phone lines are also available in a number of European, north American and Eastern countries. You can also send a text message via Whatsapp or Viber at +447700021284 from 6:00 GMT to 19:00 GMT.

The Appeal of UFX

The main appeal of this trading platform is the ease of use, and security in place. There is a double layer of enhanced security you can be sure that your details will be safe. They also have a good reputation due to the number of awards and titles that they have won. The site is detailed enough to allow users a full understanding of trading, as well as the risks that can be involved. There are many options to trade also with apps or Internet. The trading platform also is available in a wide variety of countries.

Leave a Reply

Your email address will not be published. Required fields are marked *