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UFXMarkets Reviews and User Ratings

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  • Overview
  • Information
  • Video
  • Specification
  • Review score

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UFXMarkets General Information


Broker Name
UFXMarkets
Established
2007
Country
Cyprus
Min Deposit
$100
Max Leverage
1:200
Regulation
CySEC, IFSC, MiFID
Email
info@ufxmarkets.com
Telephone
+44.203.608.1558
Fax
+44.203.608.1559
Website Language
English, Chinese, French, Russian, Spanish, Arabic, German, Italian, Japanese, Czech, Dutch, Romanian, Slovenian, Turkish
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Bank Transfer, Skrill, CashU, Maestro, Sofort, Poli
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Bank Transfer, Skrill, CashU, Maestro, Sofort, Poli

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Description


UFXMarkets Background

UFXMarkets is a Cyprus-based investment bank licensed and regulated by CySEC and MiFID. In business since 2007, UFX Markets has created an enjoyable trading experience for new traders and professional traders alike by tapping a team of veteran traders. The broker offers a special proprietary platform and a wide range of account options to choose from so they can cater to every trading strategy. UFX Markets clearly put thought into the design of their website and trading platform. The platform is much simpler than the standard MetaTrader4, offering only one window. Instead of restricting information, this allows traders to focus on the current execution without distraction. Instructions are given at the top of the screen and a handy left navigation section is available to switch between Forex, commodities, indices and other trading options. The broker offers a wide range of learning tools for new traders, among the most helpful of which was a daily Forex news video. The video gave key information without forcing traders to waste time reading articles.

Features of UFXMarkets

The company offers five different types of accounts based on dollar amount. The Micro, Mini, and Standard accounts are the best place for new traders to start. All have small increases in benefits to help traders moving from novice to professional. The Advanced Account offers the lowest spreads and an online space for traders to benefit from other user’s knowledge. An Islamic Account is available for traders who require it

Conclusion

Overall, UFX Markets is a good choice for short-term traders who enjoy making quick trading decisions on a clutter-free platform.

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Video


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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros and Cons


PROS:
  • UFX Markets has round the clock chat and email support.
  • Phone support is offered in 4 countries.
  • Representatives were kind and knowledgeable.
  • UFX Markets’s solid education support is a big pro for the company.
  • Accounts could be opened quickly and the broker offers extremely competitive spreads.
CONS:
  • Unfortunately, American federal trading regulations restrict this broker from accepting U.S. citizens as clients.
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Account Type


  • Minimum Account Size: $100
  • Spread: High/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: ParagonEx Trader, MT4

  • Minimum Account Size: $500
  • Spread: High/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: ParagonEx Trader, MT4

  • Minimum Account Size: $1000
  • Spread: High/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: ParagonEx Trader, MT4

  • Minimum Account Size: $5000
  • Spread: High/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: ParagonEx Trader, MT4

  • Minimum Account Size: $10000
  • Spread: High/ Fixed
  • Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
  • Trading Platforms: ParagonEx Trader, MT4

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UFXMarkets Review Score


UFXMarkets Reviews and User Ratings
9.1 Total Score
5 reviews
Add your review
Web Design
9.4
Reliability
8.8
Platform
9.2
Customer Support
9.4
Withdrawal
9.0
Broker Name
UFXMarkets
Established
2007
Country
Cyprus
Min Deposit
$100
Max Leverage
1:200
Regulation
CySEC, IFSC, MiFID
Email
info@ufxmarkets.com
Telephone
+44.203.608.1558
Fax
+44.203.608.1559
Website Language
English, Chinese, French, Russian, Spanish, Arabic, German, Italian, Japanese, Czech, Dutch, Romanian, Slovenian, Turkish
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Bank Transfer, Skrill, CashU, Maestro, Sofort, Poli
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Bank Transfer, Skrill, CashU, Maestro, Sofort, Poli
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
UFXMarkets Reviews and User Ratings
9.1 Total Score
5 reviews
Add your review
Web Design
9.4
Reliability
8.8
Platform
9.2
Customer Support
9.4
Withdrawal
9.0

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5 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    MorningTeaPerson
    June 9, 2016 at 1:25 pm
    4.8
    Web Design
    100
    Reliability
    90
    Platform
    100
    Customer Support
    100
    Withdrawal
    90

    I just adore the professionalism and the reliability of the customer support team UFX Markets. In one of the misunderstanding I had with them, the CSR was able to handle everything with a cool head and to my surprise they acted like a software provider, taking over my desktop to ensure that the issues with their platform had been fixed. Kudos to your bloody fine work!

    Helpful(0) Unhelpful(0)You have already voted this
  2. Reply
    Swain Mccrow
    December 4, 2015 at 10:10 am
    4.4
    Web Design
    90
    Reliability
    90
    Platform
    80
    Customer Support
    90
    Withdrawal
    90

    When I first joined UFX Markets I was piqued by the fact that they processed thousands of transactions each month meaning it was a good place to start trading. True enough, UFX Markets delivered as good place to start, but not exactly stay. I decided to move on to greener pastures after several months as I wasn’t really satisfied with the transactions I had with UFX Markets.

    Helpful(0) Unhelpful(0)You have already voted this
  3. Reply
    FoxyLady11
    October 11, 2015 at 1:25 pm
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    In my experience, UFX Markets is a highly reliable and reputable forex broker, as I have had a great number of deals with them already in the past year and they have not failed me once. All of my trades are executed according to the letter and all my earnings and losses are perfectly shown on record. UFX Markets is just a dear to work with.

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  4. Reply
    The Red White and Blue
    April 5, 2015 at 4:25 pm
    4
    Web Design
    80
    Reliability
    70
    Platform
    80
    Customer Support
    90
    Withdrawal
    80

    What kind of two-bit Forex broker wouldn’t allow Americans to trade with them; you’re talking about alienating a great chunk of the world economy by not allowing them to trade on the platform. I just don’t get why there are a number of Forex brokers who do not allow Americans to trade with them, that’s just downright racist man.

    Helpful(0) Unhelpful(0)You have already voted this
  5. Reply
    DoraTheTrader
    August 2, 2014 at 9:41 am
    4.7
    Web Design
    100
    Reliability
    90
    Platform
    100
    Customer Support
    90
    Withdrawal
    90

    I appreciate convenience wherever possible and being a trader by profession, I have to express my admiration for the number of ways UFX Markets provided for their clients to deposit or withdraw funds to and from their accounts. When my Credit Cards were having problems, I was easily able to use PayPal for my transactions and as I learned MoneyBookers, WebMoney, Netteller, and Diner’s Club could have been used for deposits and withdrawals. Talk about the height of convenience.

    Helpful(0) Unhelpful(0)You have already voted this

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