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 ufx broker data. The best thing about these apps is; they are easy to navigate and come with a broad range of useful features. When it comes to charting, the apps offer unique experiences and come with multiple drawing tools and indicators. A $1,000 minimum deposit is necessary to receive access to proper research at UFX. However, the broker does not offer comprehensive educational materials or courses to help traders enhance their knowledge and skills.
⚖️ UFX vs. Other Brokers (Comparisons)
You only need to fill in some basic information at first to set up a demo account. Subsequently, you can go through the rest of the process to start trading live. For example, UFX holds all client funds in segregated accounts, meaning that your money is kept separate from the broker’s operational funds. Therefore, in the unlikely event that the broker becomes insolvent, your funds cannot be used to cover any outstanding debts the broker might have. Discover liquidity zones, charts, and strategies to improve spreads, execution, and trading accuracy. As of 2025, UFX broker is no longer regulated by the Cyprus Securities and Exchange Commission (CySEC), and its operations have become a point of concern for several global financial watchdogs.
What is the minimum deposit with UFX?
- If you are eligible, the minimum deposit for a professional account with UFX is $1,000.
- The online brokerage firm also offers mobile-friendly ParagonEX and Metatrader4 mobile applications.
- This broker offers a range of account types and a reasonable minimum deposit, making it accessible for any trader, regardless of your investment budget.
- For a Mini/Micro UFX trading account, the minimum deposit is $100.
- Education is not offered by UFX, another critical error by this market-maker focused on the retail sector.
This broker offers 7 of the most popular indices, including the S&P 500, the DAX 30, and the WIG20. Please note that our UFX review team discovered that this broker only offers MT5 for Gold accounts and above. To open a UFX professional account, you will need to prove that you are a professional trader, which will include answering a few questions to prove your knowledge.
Our UFX review team discovered that this broker does not offer any educational or training materials whatsoever. Access to Trading Central means that you will receive vital market information that has been gathered and analyzed by leading financial specialists. It’s the ideal tool to enable you to make well-informed decisions, ensuring an incredible trading experience. Besides providing access to Trading Central, this firm has also developed proprietary analytical technology to ensure you have all the information you need to trade effectively. If you want to try your hand at trading ETFs, then UFX is the broker for you as they have quite a significant offering. With 42 ETFs to choose from, including EWN, XLP, GDX, and FEZ, you have plenty of opportunities to make a profit.
The brokerage firm also caters to the religious requirements of Islam traders as it offers a swap-free account. The UFX broker provides its traders with access to various trading platforms. For a Mini/Micro UFX trading account, the minimum deposit is $100. However, to open a demo account with UFX, you don’t need to make a deposit. The other accounts include Mini, Standard, Gold, and Platinum, which require $500, $1,000, $50,000, and $100,000 deposits respectively. While conducting our review of UFX, our team of experts learned that this broker doesn’t offer social trading.
UFX does not offer trading bonuses, but this is because they are not allowed to. Brokers regulated by EU-based agencies are not permitted to offer incentives by law. However, note that you can only withdraw money using the same system you used to fund your account. So, if you deposited via Skrill, you can only withdraw to Skrill.
By doing so you are able to view a company’s share price and financial details, such as revenues, price earnings, and price to earnings ratio.One of the most notable features of UFX is its customisability and search functions. UFX offers trading financial instruments to its 10,000 customers. MassInsights offers a live stream of market events and aggregated trader behavior. You’ll be able to see what assets are trending among other traders.
What is the minimum deposit at UFX?
Using a web browser, investors and trading can follow bid-ask spreads, place take profit orders, or place stop loss orders, and track any positions that have been executed. While somewhat disappointing, educational materials are available practically everywhere online. On the other hand, proprietary technology like MassInsights is far more difficult to find.
Opening an account with UFX is straightforward and in line with other popular brokers. This broker offers a range of account types and a reasonable minimum deposit, making it accessible for any trader, regardless of your investment budget. UFX is a brokerage operational since 2010, is a broker that is fueled by its proprietary MassInsights Technology. All trades are reported to an EU verified trade register, resulting in 2.8 million unique trades submitted to the CME in 2018.
UFX Trading Research Tools
Unfortunately, UFX uses this promise of research to lure new accounts with more substantial deposits. The Daily Market Review features daily trading recommendations, based on Trading Central research. Education is not offered by UFX, another critical error by this market-maker focused on the retail sector. Trading costs at this market maker are on the high side, with spreads for the EUR/USD ranging between 2.0 and 4.0 pips. Details are listed on the company’s website, and the trading platform should provide precise trading costs. Since equity and index CFDs are offered, corporate actions like dividends and stock splits apply.
- There are no distinctly unique features at UFX besides the MassInsights service which was previously mentioned.
- You only need to fill in some basic information at first to set up a demo account.
- UFX, established in 2007, has been a notable player in the online trading industry, offering a range of financial instruments including Forex, CFDs, and ETFs.
- A $1,000 minimum deposit is necessary to receive access to proper research at UFX.
- It’s operated by Reliantco Investment Limited, a Cyprus-based and CySEC-regulated financial company.
To open an Islamic account, you must reach the UFX customer support with necessary documentations to supplement your account opening request. Once approved, your account will be converted into a swap-free one. Its regulator, CySEC, revoked its license as the company failed to provide information on its investment operation activity.
If this occurs, UFX will execute the order at the next best price. Continue reading our in-depth UFX review to discover more about how you can start trading with this broker. This broker is regulated by the Cyprus Securities and Exchange Commission (CSEC) under license number and Vanuatu Financial Services Commission (FSC). Ref Wayne rose from Soweto to forex fame, but his wealth faced backlash. Discover his trading journey, Pipcoin scandal, and FSCA comeback in 2025. Although UFX was initially licensed by CySEC under Reliantco Investments Ltd., the firm was penalized with fines totaling €100,000 for violations related to transparency and failure to maintain adequate compliance records.
This broker knows exactly what you need as a trader to increase your chance of making a profit. This broker provides you with a wide range of trading opportunities across a variety of asset classes, making it an excellent choice if you are looking to expand your portfolio. 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.
These may include low minimum investment, zero commission investing, fractional shares, no foreign exchange fees, unlimited instant trades, tutorials, and a practice portfolio for newcomers to get used to trading with. UFX offers a variety of education resources for both beginner and seasoned traders. Users are also able to set price alerts and notifications for executed orders, margin calls, or important news events.
This broker truly caters to traders who want to be in complete control of their trading. Therefore, instead of trying to do multiple things mediocrely, they’ve opted to cater to one type of trader with outstanding services. Our UFX review team was pleased to discover that this broker offers an extensive number of trading instruments across a variety of asset classes, thereby offering you plenty of opportunities to make a profit. UFX’s trading platform also provides detailed asset analysis on a single page, including everything from Advanced Charts with historical data to Daily Ranges and more. You can also access Trading Central directly from the platform, as well as an economic calendar, which makes for an excellent trading experience.
UFX, established in 2007, has been a notable player in the online trading industry, offering a range of financial instruments including Forex, CFDs, and ETFs. Over the years, the broker has garnered attention for its proprietary trading platform, ParagonEx, and its MassInsights™ technology. However, recent developments have raised concerns about its regulatory standing and operational transparency. This review delves into the various aspects of UFX, providing an in-depth analysis to assist potential traders in making informed decisions. UFX offers a variety of trading platforms and account types to cater to different trading preferences.
When withdrawing to a credit card, you will also have to provide a copy of the front and back of the card you used to make the deposit. You will be able to fund your account via Visa or MasterCard credit cards, as well as Maestro and Diners Club International. You can also do so through local bank transfers and quite a few e-wallets, including Skrill, Neteller, Giropay, iDEAL, Neosurf, China Union Pay and many more. If the account has less than $100, after 45 days, UFX can charge a lower administrative fee but will close the account 10 days after sending you a notification. UFX was founded in 2007 and has since grown to become an award-winning firm in the retail trading industry, serving customers from across the globe.