UFX

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About company:

Founded in 2007, UFX is the trade name of Reliantco Investments Limited, which has been licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) since 2011.

UFX (formerly UFXMarkets, UFX Bank) is an international broker offering a wide range of assets: about 50 currency pairs, various CFDs on commodities, indices and stocks, and ETFs.

Trading conditions

UFX provides six account types that offer fixed spreads and a wide range of financial instruments to trade. Micro lots are available for trading on Micro and Mini accounts. Moreover, there is a dedicated Islamic account available for Muslim investors.

The minimum initial deposit for UFX clients is $ 100, however, in order to use all the necessary services, the minimum deposit is $ 500. The spreads are fixed and depend on the classification of the accounts. UFX does not charge commissions as it is rewarded through a spread. But the broker charges a $ 50 inactivation fee if the client's account has been inactive for three months.

Trading platforms

UFX offers its clients two trading platforms to choose from: the patented ParagonEx Web Trader and the well-known MetaTrader 4.

ParagonEx is available from any web browser, no download required. There is also a "Separate Asset Page" option that provides traders with all the information they need about a particular asset.

Account security

CySEC requires brokers to comply with certain rules. Thus, all companies regulated by CySEC, including UFX, must have at least 1 million euros in cash as proof of financial stability. Client and company money is kept in separate accounts. UFX is also one of the companies representing the Investors' Compensation Fund, which in case of failure to fulfill obligations are obliged to pay compensation in the amount of not more than 20,000 euros per person.

In 2016, French footballer and commentator Emmanuel Petit became the official face of the UFX broker in France.

FAQ - BROKER QUESTIONS UFX

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Can the broker UFX be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. UFX received a rating of 1 out of 5 on our resource.