Our Review of UFX
UFX.com is an online trading broker, specializing in Forex Currency Pairs, Commodities, Stocks, Indices, and ETFs.
Based in Cyprus, under the Reliantco Investments Ltd. umbrella, UFX.com is fully regulated by the Cyprus Securities Exchange Commission (CySEC), and is also compliant with the Markets in Financial Instruments Directive (MiFID).
UFX.com uses its in-house developed ParagonEx 4.0 Trading Platform, which hosts a long list of useful and easy to understand features. Advanced filter options let traders choose from most popular assets, asset types, and favorites. It's a browser-based trading platform, and does not require any download or installation.
Each asset also offers its own comprehensive information page, with customizable charts, open rates, available leverage, related upcoming events, and a popularity gauge showing the BUY vs. SELL ratios. The BUY/SELL ratio information coincides with UFX's MassInsights™ Technology, a live stream displaying important information on asset movement, market conditions, and trader behavior.
It differs from what a lot of brokers are doing with Social Trading by not telling traders how to trade, but showing them how other traders are trading to help them make more calculated decisions. The ever-scrolling stream also displays upcoming market events and trading signals through 3rd party provider, Alliance-Signals.
UFX offers mobile support for iOS and Android smartphones with the UFX Trader App, and offers the same features as its desktop counterpart.
UFX also supports the MT4 trading program. However, traders who choose to trade with MT4 via UFX should be aware it lacks the comprehensive MassInsights™ features of UFX's own trading platform.
UFX offers over 100 assets to choose from, sprawling over major currency pairs, commodities, stocks, indices, and ETFs. The broker is continuously adding more tradable assets, offering one of the most diverse asset selections on the market.
UFX offers Micro, Mini, Standard, Gold, Platinum, and Islamic trader account types, with up to 400:1 leverage and fixed spreads. All account types offer personalized trading consultations with one of UFX’s Trading Consultants.
The broker offers around-the-clock support.
UFX does not offer a traditional deposit bonus, but does offer a cashback program in the form of UFX Rewards. Each asset on UFX's trading platform offers its own amount of cashback, added to your trading balance when you open a position. By offering trading targets, traders are encouraged to open positions to accumulate as much cashback as possible.
Overall, UFX.com ticks all the boxes with a fully regulated trading environment, a wide array of tradable assets to choose from, competitive trading conditions, and an advanced trading platform which offers a lot of information.