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UFXMarkets overview

Our opinion No
License FSA UK, FSC, CySEC
Trading software MetaTrader4, ParagonEx Trader
Trading conditions
Minimum deposit – 100$
Leverage: up to 1:200
Demo: Yes
Spread: 2 pips
Commissions: 0
Address
Reliantco Investments Limited Makarios III Avenue & Avgyriou Eftalioti Street Zavos Business Center, 3rd Floor 3085 Limassol Cyprus, Phone.: +7-499-638-59-77, support@ufxmarkets.com
Official website

www.ufxmarkets.com

Table Of Contents

  1. What is UFXMarkets Forex Broker
  2. What is UFXMarkets Trading Platform distinguished by
  3. UFXMarkets Broker Rating

The given UFXMarkets Forex Broker Review provides information about one of the well-known brokers on the Forex market, its technical features and working trading platforms, advantages and special offers to its customers.

What is UFXMarkets Forex Broker

UFXMarkets Forex Broker was established in 2007 and is registered in Limassol, Cyprus. In 2011 UFXMarkets Forex Broker was sold to Reliantco, a Cyprus Investment Company that is regulated by CySEC (Cyprus Securities and Exchange Commission).

Being a European-based company registered with the largest regulatory bodies in Europe (the Financial Services Authority (FSA) in the United Kingdom, the Federal Financial Supervisory Authority (BaFin) in Germany, the Banque de France etc.) the UFXMarkets Broker does not work with US traders. However the company can cooperate with clients all over the world.

Despite being at the market of financial services since 2007 UFXMarkets Forex Broker has received most of its accreditations only recently.

Along with currency trading services UFXMarkets provides a great number of trading tools among which there are binary options, futures, metals (gold, silver) and energies.

UFXMarkets operates in multiple languages, offers a wide range of additional services such as client support by telephone, e-mail or in chat. The Forex Broker provides free education to its clients. As educational services UFXMarkets prepares video reviews, various tutorials, glossaries as well as personal coaching via remote assistance etc. The UFXMarkets Broker also provides information support by offering trade analyses, charts, market overviews and financial calendars.

Available account currencies are USD, EUR, GBP, CHF, JPY. Total number of currency pairs makes up 45. The broker also provides various withdraw methods, including UFXMarkets debit cards.

What is UFXMarkets Trading Platform distinguished by

UFXMarkets provides access to MetaTrader and ParagonEx trading platforms.

The Broker offers Micro, Mini, Standard and Advanced accounts. Trading with UFXMarkets can start from 100 USD with leverage 200:1. Advanced accounts are offered in Gold or Platinum levels. Owners of advanced accounts can benefit from fixed spreads, one-click trading as well as VIP dealing offers and customized reports. Besides, owners of advanced accounts (Gold or Platinum) are able to get access to direct placing of trades from trading signals via ParagonEx trading platform.

Owners of UFXMarkets accounts who have iPhone or Android devices can trade via downloaded Trade UFX mobile trading application.

For secure trading protection UFXMarkets applies advanced SSL (Secure Socket Layer) by VeriSign. It helps authenticate account owners and protect data transfer.

UFXMArkets Forex Broker does not work on commission basis. Being a market maker broker it works with bid/ask spread compensation.

UFXMArkets can also offer Islamic accounts with no interest charges that complies with Sharia law in the sphere of banking activity.

UFXMarkets Broker Rating

Among UFXMarkets pros users name 24-hour client support, wide range of account types, Islamic accounts, 200:1 leverage, more than 45 currency pairs, various withdrawal methods, and possibility to use mobile apps for continuous trading, as well as mobile and e-mail alerts, and daily video posts.

Moreover as UFXMarkets Broker reduced its minimal amount to 100 USD (according to broker data in 2013 minimal account made up 500 USD) it became more attractive to small and middle size traders all over the world.

The company also offers free, one-on-one coaching to Platinum members.

One of the biggest and most important cons of UFXMarkets Forex Broker is that it cannot cooperate with US citizens as clients due to American federal trading regulation.

Additional info

UFXMarkets
In the FOREX market since 2007
Free training
Has offices in several countries
A wide range of financial instruments
Services UFXMarkets
Popular platform MetaTrader4
Mobile training
Technical and fundamental analysis , economic calendar
24 hour support
Various bonuses and promotions
Bonuses for funding the account
A flexible system of depositing and withdrawing funds
Official site
Advantages UFXMarkets
Minimum deposit – 100$
Personal manager
Leverage 1:200
Guaranteed stop order that will protect against losses
Low , fixed spreads , which will not change depending on market conditions
Create an account in UFXMarkets

Reviews of UFXMarkets

unlucky
Review for a Broker:

UFXMarkets

 # Reply
I opened the account 4 years ago. I started with 1000 dollars, and my deposit became bigger in a short period of time. It was on UFX Markets, by the way. My manager offered me to fund more. I did and my account reached 6000 dollars soon. I decided to make the first withdrawal. My manager urged me not to do that, but to trade more. Then some more offers followed like increasing stop-loss etc. My account melted. Somewhere in between my manager disappeared for two weeks. Then he offered to do selling on EUR/USD pair. I wanted to close the trade when EUR increased, but he explained to me that EURO will fall soon after some events connected with US economy. Of course, I was unlucky. I regret I followed his recommendations. Now my account is 0, I don’t have even those 1000 dollars from the very beginning. I do not recommend to anyone to deal with this broker!
max777
Review for a Broker:

UFXMarkets

 # Reply
Ok, I like UFXMarkets. Why? There are plenty of reasons:
- clear and transparent quotations (comparing to other brokers)
- slippage at Ping 50 Ms
- it's easy to understand the market, you should just take into account political and economic situation
- polite customer service
- all the information about the broker is available on their site
- no problems with withdrawal
- I know personally traders who make good profit at UFXMarkets

So if you have problems, it's your fault. Improve your education, devices for trading, learn more about brokers...
joy
Review for a Broker:

UFXMarkets

 # Reply
I don’t know as for the permanent version, but the demo version is worth trying. You will not regret if you get acquainted with their trading platform.
Stewart
Review for a Broker:

UFXMarkets

 # Reply
Ufxmarkets is the best broker for me. Actually, you could rely on any broker here, but this one can be recommended without hesitation.

They really pay 30% bonus to those who put 3000 dollars. Due to this I could earn 9000 dollars in a month.

Withdrawal is comparatively quick. Quite big amount of money came in just 4 days.
Hero
Review for a Broker:

UFXMarkets

 # Reply
I am just very happy. I have opened a trading account and invested 100$. I always trade payrolls. Once I have risked all my funds in a single deal. You may call me crazy, but I always do everything to get more money! As a result I have hit the jackpot and earned a lot of money! Other brokers would never give me such opportunity.
Jack
Review for a Broker:

UFXMarkets

 # Reply
One of the best brokers I've ever worked with... The most important for me is their decent attitude to the customers and top service of course. I recommend working with these guys...
Nora
Review for a Broker:

UFXMarkets

 # Reply
They've lost my $500 deposit! Before I opened up my account they used to call me ten times a day and convince me of their professionalism. They showed me a bunch of awards their company won and finally I decided to open up an account... That’s when it started. I called the support and talked to different people there. They convinced me that gold would grow and offered me to buy it. I did so and during two days gold was going down and down. I've lost $500! I never got a call from them again. I had hard time getting someone to talk to me, but they did not acknowledge their mistakes. They told me things happen and asked me to make another deposit! Guys, stay away from this shitty company. They should be legally persecuted! Only God knows how many people they have treated the same way they did with me.
Alexander
Review for a Broker:

UFXMarkets

 # Reply
I have been trading with UFX for 5 months and I have never dealt with any kind of problems. Speaking about deposit siphon off… I do not understand how this can happen, if the trading companies do not recommend any deals; they even inform you about it. UFX is regulated by CYSEC. So, dear friends, do not believe, when people tell you about the deposit siphon off. Before I registered in UFX, I read such reviews and was afraid to trade, but after my first conversation with the manager of my account and after my first deal all the doubts disappeared. They immediately warned me about risks of trading on financial markets and recommended to start low. I do not always take their recommendations and once I had to pay a dear price for it. But I do not blame anyone, because it was my own greediness to blame. What’s the use of blaming anyway? They taught me how to trade and did it for free. They also send free emails about market opportunities and have kindness and patience in communication. We have to learn how to acknowledge our own faults without blaming the broker!
Margaret
Review for a Broker:

UFXMarkets

 # Reply
UFX Bank is an excellent broker. I like working with them as the customer service is awesome: they immediately answer all my questions. Their representatives are very polite. Moreover, there are no hidden payments as everything is written upfront. And what I really like about UFX Bank is their urge to help clients in any situation, and always keep them informed about all updates and changes of their platform. With their everyday tips and useful pieces of advice you may be sure that you won’t get lost in the trading software. It’s very easy to use it! I have never experienced that before, so I really recommend you working with them.

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