|License||FSA UK, FSC, CySEC|
|Trading software||MetaTrader4, ParagonEx Trader|
Minimum deposit – 100$
Leverage: up to 1:200
Spread: 2 pips
|Address||Reliantco Investments Limited Makarios III Avenue & Avgyriou Eftalioti Street Zavos Business Center, 3rd Floor 3085 Limassol Cyprus, Phone.: +7-499-638-59-77, email@example.com|
Table Of Contents
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.
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.
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.
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.