UFXBank Review

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UFXBank
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Overview

UFXBank is a one of the largest online forex retail broker, based in UK and Cyprus. They were recently approved by the NFA, so you can be more confident when trading with this broker.The last three years have seen UFX triple in size making it one of the fastest-

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Details

Broker UFXBank
Website URL www.ufxmarkets.com
Founded 2007
Headquarters Cyprus
Support Number 44 208 150 0778
Support Types 24hours
Languages English, French, Spanish, German, Italian, Arabic, Turkish, Portuguese, Dutch, Swedish, Greek, Danish, Norsk, Russian, Romanian, Chinese
Trading Platform ParagonEX, MT4
Minimum 1st Deposit $100
Minimum Trade Amount 0.01 lots
Bonus Get 30% Bonus on Opening Trading Account
Leverage 1:100
Free Demo Account Yes
Regulated Yes
Regulation FSA UK, FSC, CySEC
Deposit Methods Credit Card, Debit Card, Money Bookers, Cash u, Wire Transfer
Withdrawal Methods Credit Card, Debit Card, Money Bookers, Cash u, Wire Transfer
US Traders Allowed No
Mobile Trading Yes
Overall Score 2.8

Screenshots

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Full Review

UFXBank is a one of the largest online forex retail broker, based in UK and Cyprus. They were recently approved by the NFA, so you can be more confident when trading with this broker.The last three years have seen UFX triple in size making it one of the fastest-growing brokerages in the industry.UFXBank is partnering with Deutche Bank and Saxo Bank in order to provide unlimited liquidity to clients. The borker’s mission is to offer traders, the best trading solutions, so there is no surprise that UFXBank supports more than 80 currency pairs, with fixed spreads, the average being 2 pips for the majors, CFD, metals and indices.

 

If you chose UFXBank, then you will enjoy fast process for registration. The broker offers several payments methods in order to fund your accounts – including major credit cards, paypal, neteller, webmoney, moneybookers, and wire transfer.  Traders are able to withdraw their money within several business days and the broker imposes no commission on withdrawing funds.

 

You can start trading with the broker with as low as $500.

 

For those who are searching wide range of trading platform, UFXBank is the right choice for them. Traders can choose UFXBank own trading platform – ParagonEX which Is a web based platform. Some of the nice features include both trade entries and exits can be easily entered by using their “Freeze rates” button, giving the trader 3 seconds to open and close positions without the dreaded requotes that so often happen with other brokers’ platforms.

 

The broker allows scalping and hedging strategies and up to 1:200 leverage.

 

UFXBank provides forex trading and market analysis in text and video formats, wide ranging resources such as daily outlook videos, trading tips, market reviews and even one-on-one personal training.

 

Customer Service

 

The customer service and supports teams has long been known for its reliability and helpfulness, winning several awards throughout the years. You can contact them vie email, phone calls and live chat.

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