About UFX Company
UFX Company is a broker owned by UFX Global Limited, registered in the Republic of Vanuatu. A separate company registered in the UK is used to provide payment services. Since 2011, the broker has successfully renewed the license of the Cypriot CySEC – one of the most prestigious regulators in the European Union. The company complies with the financial standards of the European Union.
Trading Instruments
- Over 50 currency pairs
- Commodities CFDs
- Stocks
- Indices
- ETFs
Accounts and Trading Conditions
The minimum deposit is from $100, but most features are available with a deposit of $500. There are no commissions – the broker earns on spreads. The spread size is fixed and may vary across different account types. If the account is inactive for 3 months, UFX charges $50 for deactivation. The broker offers 6 types of accounts, including Islamic accounts. Their features are presented in a comparative table.
Trading Platforms
UFX provides the globally popular MetaTrader 5, as well as its proprietary UFX Web Trader platform, which does not require installation and is accessible from any browser.
Deposits and Withdrawals
- Bank transfers
- MasterCard, Visa, Visa Electron, Maestro, Diners Club debit and credit cards
- WebMoney, QIWI, Skrill, Sofort, iDEAL, Neteller, Cashu, POLi, and other popular electronic systems and wallets
When withdrawing funds, two important nuances should be considered: the need for account verification and withdrawal is made using the same method as the funds were deposited. This rule is introduced to prevent money laundering but may cause inconvenience for law-abiding traders.
Conclusion
For successful trading with UFX, we recommend carefully studying all terms and notes. It is advisable to clarify the most significant points with a manager or support service. Note that conditions and nuances may vary for traders from different countries. Be prepared for possible bureaucracy – it is part of the official work related to licensing and security.