UFX Crypto Broker Review

24 Oca UFX Crypto Broker Review

UFX provides 24 hours customer support to its users and due to the great customer support; it gets overwhelming responses from the users. The platform provides support in different ways that we will discuss here briefly. The negative balance of protection has proved a life-saver for the new traders. Just like other platforms, UFX has also offered the facility of the negative balance of protection to save its users from getting into debt.

UFX provides a great facility to the users that are available worldwide so that traders don’t have to face any issue regarding the depositing of funds. Order is executed by the STP-system (Straight Through Processing). That means the broker gives the orders directly to liquidity providers without any dealing desk. MassInsights is for social trading and Trading Central for education purposes.

ParagonEx Web Trader

Find another forex brokerage house CEO willing to state publicly his commitment and confidence for inquiring eyes to see. All trades brokered by the company are reported and regulated under the EU directives. The company is a verified financial service provider, having executed over 2.8 million unique trades every year since 2018. The secure trading environment of UFX is also supported by its reliable customer service.

Further, ParagonEx WebTrader 4.0 Software was awarded many prestigious awards by industry reviewers for its supremely refined user interface and advanced trading tools. The UFX asset list, at this reading, totals out at nearly 250 items, including 51 currency pairs, 8 commodities, 7 indices, 171 stocks, and 12 ETFs. Lastly, Dennis de Jong, the firm’s Managing Director, wants to establish a dialogue directly with you by posting his plans for UFX for the coming year right on the website.

• An inactive account is one that has not had any sort of movement for 45 days.
• The trading platform gives you insights into the real money trading options that are available to you.
• The live price bars and charts can be viewed from the main page.
• More details on these swap rates are explained on the UFX website.
• To open a UFX professional account, you will need to prove that you are a professional trader, which will include answering a few questions to prove your knowledge.

The broker is regulated by Vanuatu’s VFSC and adheres to high business standards. Traders are requested not to get confused with UFX Markets (a scam broker which is blacklisted by Forex Peace Army). Once the information is provided, the user is allowed to log in to the trading software, to provide UFX with a piece of more detailed information to verify a trader’s identity. After successful registration, traders can fund their accounts through any of the funding methods and then start trading.

Support and services

You will be required to enter your email address, telephone number, and select a password. Once you’ve done so, simply click your acceptance of the T&C to get started. Once you have verified your account, you will be directed to the trading platform. This is where you will find a wide range of assets such as gold, crude oil, EUR/USD, USD/JPY, S&P 500, DAX 30, AAPL, Facebook, Google and the like.

Unfortunately, UFX uses this promise of research to lure new accounts with more substantial deposits. The Daily Market Review features daily trading recommendations, based on Trading Central research. Education is not offered by UFX, another critical error by this market-maker focused on the retail sector.

ExposureDoes UFX Just Closed Quietly?

When it comes to eWallets, customers can use various wallets including Poli, Skrill, Neteller, and Sofort. We should also mention that the broker has a minimum deposit and withdrawal amounts of $50 and $70 respectively. To make sure traders have an easy time depositing and withdrawing their funds, the broker supports various methods of payment. Some of these methods include bank wire transfers, credit cards as well as eWallets. UFX is a licensed and regulated (license #14581 Vanuatu Financial Services Commission) cryptocurrency trading platform. Operating under the umbrella of UFX Global, UFX provides a CFD trading platform with a host of technological insights, and a wide range of assets including cryptocurrency.

There is also an option of the portfolio, where users can see their holdings and overall value. Transaction history can also be viewed as the economic calendar as well. At the bottom of the left side, there is an option of support, where people can contact customer support. The top side of the main page has equity, balance, P&L, positions, free margin, and the option of used margin. There is an option of deposit at the top right corner of the platform.

Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose ufx broker money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms.

It doesn’t get perfect reviews but there is a nice blend of satisfied customers and that gives some confidence. On top of that, UFX is registered with most European regulators, which adds an extra security layer. Potential clients without sufficient knowledge should seek individual advice from an authorized source.

UFX – What Does it Offer?

The broker quotes prices with up to five or three decimals, depending on the currency pair. This means, generally, that spreads and quotes will be far more accurate. MT5 is considered one of the best trading platforms on the market for good reason.

All trades are reported to an EU verified trade register, resulting in 2.8 million unique trades submitted to the CME in 2018. A secure trading environment and reliable customer service are key offerings at UFX. 68.34% of retail traders operate accounts https://forexhero.info/ at a loss, slightly better than the average, and a positive performance. UFX is a fully licensed and regulated cryptocurrency trading platform. The Mass Insights™ platform and resource section is unique, user-friendly and fully engaging.

The minimum trading volume is $5,000 and there is a good selection of benefits. These include daily market reviews, access to a video library, daily recommendations, 24 hour live support, and the services of a personal trader. All these benefits as well as VIP trading support and exclusive updates if you open a Standard account with a minimum deposit of $1,000. Next step up is the Gold account with a minimum deposit of $5,000.

Its activities are regulated and monitored by the Cyprus Securities and Exchange Commission commonly referred to as CySEC. The Forex trading industry has gone a long way in recent years, and many brokers have already earned a solid and favorable image; nevertheless, there is another side to the story. There are a number of untrustworthy Fake Forex brokers on the market that traders should be aware of and avoid at all costs. There’s a large inactivity fee of $100 that kicks in after 45 days of inactivity. Support is there but they ask you to leave a message, so there’s no live support (or at least there wasn’t at the time of our visit). Unfortunately you cannot trade Bitcoin or other cryptocurrencies at UFX.com.

UFX offers bonuses and contests regularly such as rebate bonus, deposit bonus, redeposit bonus, happy hour bonus, pip spread bonus, PMB, refer a friend bonus, and more. Some of them only for new clients and some of them all new and old clients. UFX provides valuable market analysis and offers high-quality educational resources.

• To get access to the MT5 trading platform, UFX asks for a minimum deposit of $5,000, while other brokers offer this platform for a much lower minimum deposit.
• In this review, UFX has been explored from different angles, revealing its biggest benefits as well as its hidden shortcomings.
• All this information is available right in your ParagonEx Web Trader, which makes this trading platform incredibly powerful.
• It is an industry-leading provider of market analysis, investment research, and financial research.
• The company is a verified financial service provider, having executed over 2.8 million unique trades every year since 2018.
• This latest Web Trader version makes use of Massinsights Technology to provide you with a unique experience.

The firm also provides its unique “MassInsights™ Technology”, which keeps you abreast of market trends and where the action is. The back office uses STP (Straight Through Processing) protocols and ECN connections for high-speed order executions to ensure the best market price. The staff is never working at cross purposes with your interests. The latest in 128-bit SSL encryption technology ensures the utmost security, privacy, and integrity of all pertinent data. The profits made from trading currency pairs and CFDs are highly lucrative. Forex trading is one of the most profitable options for investors.

Withdrawals will typically be over the same route as used for deposit, except for services where an account does not exist. In these cases, funds will be transferred to an individual bank account, but it must be in the same name as on the account. While UFX has a lot to offer traders with a bit of knowledge, we don’t feel it is ideal for complete beginners. There is no education centre like many of the other popular Forex brokers, just a round of questions and answers in the FAQs section. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor.