UFX Review
- The company is well-regulated.
- UFX offers several choices of trading platforms, including the MT4 platform.
- UFX provides commission-free trading services.
- The firm offers many bonuses and compensation.
- UFX provides users with sophisticated trader sentiment technology (MassInsights), which is used to power the ParagonEx Web Trader.
- The company offers a simple and straightforward user interface.
- The MT4 platform is available only with high initial deposit.
- UFX offers only fixed spreads.
- UFX’s spreads are high compared to those offered by other brokers.
UFX is an international brokerage firm that offers trading in a wide array of asset choices. The company was founded in 2007 as a brand of Reliantco Investments Limited. UFX’s parent company, Reliantco Investments Ltd is licensed and overseen by the well-known Cyprus Securities and Exchange Commission. The company received its license in 2011. UFX has won many awards in recent times, including the 2015 European FX Broker of the Year, the UK Forex Awards 2015 Best Value Forex Broker, and the European 2015 Financial FX Director of the Year.
The company’s trading platform provides trading services via straight-through processing (STP) and electronic communication network (ECN) protocols. The global headquarter of UFX is located at The Govant Building, Kumul Highway, P.O.Box 1276, Port Vila, Vanuatu. The company also has offices in London, UK, and Limassol, Cyprus. UFX provides traders with a unique trading technology known as MassInsights. The feature offers them a complete live stream of happenings in the market as well as aggregated trader behavior. In addition, users receive calendar event notifications and market news in real time. All of UFX’s trading processes are encrypted and 100 percent secure, so you won’t have to worry about the security of your trading activities.
Trading Platforms
UFX has several platforms designed to cater to varying trader tastes. These include:
ParagonEx Web Trader 4.0
Powered by MassInsights technology, ParagonEx Web Trader 4.0 is a web-based, proprietary trading platform offered by UFX. The system can be accessed via any web browser and as such, does not require any download. The platform consists of a single asset page, which shows all the information you need on a particular asset. Other features include advanced charts functionality, essential information such as open rates, daily ranges, and available leverage, all of which enable you to consider your options carefully before you open a trading position.
MetaTrader 4 Trading Platform
UFX offers traders of all levels access to one of the world’s most popular trading platforms, the MetaTrader 4, which can be downloaded in a matter of minutes. The application offers some of the lowest spreads available in addition to customized trading analyses, as well as a personal VIP account manager. Furthermore, traders who prefer to use this platform to execute their trading activities stand to benefit from a fully customized interface automated trading features, and comprehensive technical analysis tools.
Mobile Trading Platform
To help ensure that traders do not miss out on any trading opportunity, UFX provides them with a mobile trading app that allows them to trade on the go. The mobile platform offers all of the features that are available on the web trader version including MassInsights, which provides a live stream of market activities and aggregated trader behavior, advanced asset charts and trading tools. In addition, the program offers the ability to track your balance, as well as all open and closed positions. UFX’s mobile trading app can be downloaded to Android and iOS devices from Google Play and the Apple App Store.
Trading Markets
UFX offers trading in a variety of financial instruments. These include:
- Currency pairs
- CFDs
- Indices
- Stocks
- ETFs
- Cryptocurrency
Customer Support
UFX offers personalized customer support services to its clients through various channels. All new clients are provided with services of a personal account manager, which is intended to assist beginners in learning the basics of trading. UFX provides support services 24/7 through email, toll-free numbers, and live chat. Customer support services are provided in over twenty different languages. Clients who wish to contact support can do so on decentralized numbers, which include:
- United Kingdom +44 208 150 0778
- Cyprus +357 2503 0315
- United Emirates +800 035 702 407
- Germany +49 303 080 8240
- France +33 18 721 0417
- Russia +7 499 638 5977
- Turkey +90 212 900 4747
- Romania +40 31 814 2263
- Bahrain +973 1619 9863
- China 400 818 680
- Singapore +65 3138 8923
- Spain +34 910 754 783
- Poland +48 53 295 10 89
- Canada +1 647 362 92 29
- Norway +47 21 93 97 70
- Denmark +45 89 88 28 27
- Sweden +46 10 888 5176
- Finland +358 7 532 51281
- Czech Republic +420 22 888 22 70
- Hungary +36 1 808 9418
Also, you can contact customer support representatives via:
- live chat
- contact form
- email [email protected]
Security and Fairness
UFX is a strictly regulated broker. In its attempt to adhere to the highest professional and ethical standards, the organization has been licensed in several jurisdictions. UFX is licensed and regulated by the Vanuatu Financial Services Commission (VFSC) under license number 14581. Similarly, its parent company, Reliantco Investments Ltd, is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Also, since CySEC is a party to the European MiFID regulations, all CySEC regulated companies are allowed to operate in any EU member state. Hence, UFX’s strong presence in the European continent. The company’s regulatory status means that it employs fair-customer treatment rules as well as enable clients to access investor protection schemes in a bid to safeguard their funds.
Conclusion
UFX is a well-regulated and reliable broker, which has been in the business of offering financial trading services for a very long time. Its long history in the industry attests to its ability and reliability. Also, the broker has several awards in the process, which indicates that it is well received by traders not just in Europe, but across the globe. Its one-to-one customer support services have to be some of the best that the industry has to offer. It is evident by its mode of operation that the company means well for members of the public.
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