Edited by Alison Heyerdahl August 20, 2024

Author Chris Cammack

UFX Broker Review

3.70

/ 5

Min deposit

USD 100

Regulated By

CySEC

Trading Cost

USD 20

Leverage

30:1

Copy Trading

Platforms

MT5

Instruments

Commodities, Stock CFDs, ETFs, Forex, Metals (

WTIs

)

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Most retail CFD accounts lose money. Your capital is at risk.

Our Verdict on UFX

UFX is a Cypriot market maker broker, founded in 2007 and regulated by CySEC. With five different accounts types, not including the swap-free option, and support for MT5 as well as the proprietary UFX platform, it’s a shame that trading conditions are not better here.

Spreads are wide, even on the more expensive accounts, and on the Micro Account (100 USD minimum deposit) you can expect a fixed spread of 4 pips on the EUR/USD. Forex education is also lacking, as well as any kind of in-house market research, though UFX do offer both Trading Central and it’s own MassInsights trend and volatility tool.

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Pros

Great platform choice
Fast and free withdrawals
Good range of accounts

Cons

Wide spreads
Limited education
Limited market analysis

UFX Overall Summary

Trust Rating

Trading Conditions

3.5

Platforms

4.5

Education

1.5

Beginner Friendly

Assets Available

3.5

Analysis Research

Deposit & Withdrawal

4.5

Overall Rating

3.70

/ 5

Base Currencies

EUR, GBP, USD, AUD, NZD, CAD, CHF

Number of FX Pairs

Crypto Pairs

Copy Trading

Hedging Allowed

Yes

Scalping Allowed

Islamic Account

Yes

Account Name

Commission

EUR/USD

2.00

GBP/USD

3.00

USD/JPY

3.00

Negative Balance Protection

Company Name

Reliantco Investments Ltd

Founded

2007

Website

www.ufx.com

Website Language

English

Support Language

English

Office Locations

Cyprus, Czech Republic

Support Email Address

Contact form on website

Deposit & Withdrawal

Supported Platforms

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris manages the relationships with our partners to provide the best Forex trading experience possible for our users. Previously Head of Content at FxScouts since 2019, Chris ensured all content met our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.

Alison Heyerdahl

Head of Content

Alison joined the team as a writer in 2021. She is the Head of Content for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in Forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers.

Ida Hermansen

Financial Writer

Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.

Stefan de Clerk

Financial Writer

The newest member of our team, Stefan has a degree in Marketing and more than a decade of experience writing quality content in both finance and tech. Stefan's deep fascination with how factors like geopolitical events, big data and market sentiment influence the financial markets drives his passion for Forex trading. He believes that if you want to feel the pulse of the world economy, trade Forex, and if you want to trade Forex, you need well-researched, unbiased and objective information.

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