UFX
- Trust score
- 3/10
- Legal simplicity
- 4/10
- Min. deposit
- 100
Features
- Islamic (swap-free) accounts
- MAM account access
- Segregated client accounts
- Affiliate program
- Wide range of trading instruments
Pros
- No specific advantages are documented for UFX.
Cons
- No specific drawbacks are documented for UFX.
Updated:
UFX is a forex and CFD broker founded in 2007 and based in Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC). It serves clients worldwide except the United States and a small number of restricted countries. The broker offers CFDs on close to 400 stocks, more than 50 currency pairs, and six account types, including Islamic accounts, through MetaTrader 5 and its proprietary ParagonEx Web Trader platform.
UFX is a Vanuatu-based offshore forex and CFD broker offering Islamic accounts, MAM trading, and a wide range of instruments.
UFX is an offshore forex and CFD broker founded in 2007 and based in Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC). It operates as a Straight-Through Processing (STP) broker, serving clients worldwide except the United States and a small number of other restricted countries.
Regulation and Fund Safety
UFX Global Limited holds a VFSC licence, an offshore regulator with lighter oversight than tier-1 bodies such as the FCA or ASIC. Client funds are held in segregated accounts at top-tier banks, separate from the company's own capital.
Leverage
UFX offers leverage of up to 1:400. Leverage magnifies both profits and losses, so higher ratios carry higher risk and require careful position sizing.
Trading Instruments
Most of UFX's offering is CFDs on close to 400 American and European stocks. The broker also lists more than 50 major, minor, and exotic currency pairs, plus major stock indices, metals, energy commodities, and other commodity CFDs.
Trading Platforms
UFX clients trade through the broker's proprietary ParagonEx Web Trader or through MetaTrader 5 (MT5).
Account Types and Spreads
UFX offers six account types — Micro, Mini, Standard, Gold, Platinum, and Islamic — with minimum deposits ranging from $100 to $10,000. Fixed EUR/USD spreads vary by account: 4 points on Mini, 3 points on Standard, and 2 points on Gold and Platinum. Islamic accounts are swap-free. Scalping is permitted provided each trade is held for at least one minute.
Minimum Deposit and Payment Methods
The minimum deposit is $100. UFX accepts international bank transfer, Visa, Mastercard, China UnionPay, Skrill, Neteller, Sofort, Giropay, CashU, QIWI, WebMoney, Maestro, Diners Club, and American Express. UFX does not accept cryptocurrency deposits.
Fees
UFX earns through its fixed spreads rather than separate commissions. Accounts left inactive for three consecutive months are charged a $100 deactivation fee.
UFX Trust and Safety Score
In our rating system, UFX scores 3/10 for trust and 4/10 for legal simplicity, reflecting its status as an offshore-regulated broker rather than one licensed by a tier-1 authority.
Key Facts
| Broker Name | UFX |
|---|---|
| Year of Foundation | 2007 |
| Headquarters | Vanuatu |
| Regulation | VFSC |
| Trading Platforms | MT5, ParagonEx Web Trader |
| EUR/USD Spread | 3 pips (varies 2-4 points by account) |
| Demo Account | Available |
| Minimum Deposit | $100 |
| Base Currency | USD |
| Maximum Leverage | 1:400 |
| Assets | Currency pairs, indices, metals, stocks, energy commodities |
| Islamic Accounts | Available |
| Segregated Accounts | Available |
| Scalping | Permitted (minimum 1-minute trade duration) |
| Inactivity Fee | $100 after 3 months |
| Cryptocurrency Deposits | Not accepted |
| Support Hours | 24/5 |
Is UFX Right for You?
UFX suits traders who want stock CFDs alongside forex, a choice of six account tiers, and Islamic account support. Its offshore VFSC licence offers less regulatory protection than a tier-1 regulator, so risk-averse traders should weigh that against the broker's $100 inactivity fee.
