Official website Open account





  • Islamic accounts
  • MAM-terminal
  • Segregated accounts
  • Affiliate program
  • Wide selection of trading instruments


  • The broker has no advantages.


  • The broker has no flaws.


Trade Forex Review: UFX – A Detailed Analysis of This Forex Broker

Introduction to UFX

UFX is a well-established Forex broker founded in 2007 in Vanuatu. The company offers online trading services to clients worldwide, with the exception of the United States and some other restricted countries. In this comprehensive review, we will delve into various aspects of UFX, including its regulatory status, leverage offerings, trading instruments, platforms, account types, minimum deposit requirements, and more.

Regulatory Oversight

UFX operates under the umbrella of UFX Global Limited, based in the offshore Republic of Vanuatu. The broker is regulated by the Vanuatu Financial Services Commission (VFSC). One noteworthy aspect is that all customer funds are stored in segregated accounts, kept separate from the company’s operational funds and held in top-tier banks. This regulatory oversight and segregated account structure are essential factors to consider when evaluating the safety and security of a Forex broker.

Leverage at UFX

Leverage plays a crucial role in Forex trading, as it can amplify both profits and losses. UFX offers its clients the opportunity to utilize leverage up to an impressive 1:400. Traders should exercise caution and understand the risks associated with high leverage before using such levels in their trades.

Trading Instruments

UFX boasts a diverse range of trading instruments. The majority of these instruments consist of Contracts for Difference (CFDs) on stocks, with access to nearly 400 American and European companies for stock trading. Additionally, UFX provides an extensive selection of currency pairs, including more than 50 major, minor, and exotic currencies. Beyond stocks and Forex, UFX offers trading opportunities in major stock indices, metals, energy commodities, and a variety of other CFDs on commodities.

Trading Platforms

Clients of UFX have the flexibility to trade across a variety of platforms. The broker’s proprietary trading platform, ParagonEx Web Trader, is one option. Additionally, UFX supports the popular MetaTrader 5 (MT5) platform, offering traders a familiar interface and a wide range of features.

Types of Accounts

UFX caters to traders with different preferences by providing six distinct account types to choose from. These accounts include Micro, Mini, Standard, Gold, Platinum, and Islamic accounts. The accounts vary in terms of minimum deposit requirements, ranging from $100 to $10,000, as well as the size of fixed spreads. For instance, Gold and Platinum accounts offer fixed spreads of 2 points on EURUSD, while the Standard account has 3 points, and the Mini account comes with 4 points.

It’s important to note that UFX may charge a $100 deactivation fee if a client’s account remains inactive for three consecutive months. Traders should be aware of this policy when considering their trading activities.

Minimum Deposit

To get started with UFX, traders can open an account with a minimum deposit of $100. The broker accepts various payment methods, including international bank transfers, Visa, MasterCard, China UnionPay payment cards, Skrill, Neteller, Sofort, Giropay, CashU, QIWI, WebMoney, Maestro, Diner’s Club, and American Express credit cards. However, it’s important to note that UFX does not accept cryptocurrency deposits.

Additional Insights

UFX is classified as an offshore Straight-Through Processing (STP) broker, providing Forex and CFD trading services. The broker was founded in 2007 in Vanuatu and is regulated by the VFSC. UFX offers relatively high fixed spreads without commissions and permits scalping, provided that the duration of each transaction is at least one minute. It’s worth mentioning that UFX does not facilitate trading in cryptocurrencies and does not accept Bitcoin as a deposit method.

General Information about UFX

To summarize, here is a table providing key details about UFX:

Broker Name UFX
Year of Foundation 2007
Headquarters Vanuatu
Regulation VFSC
Trading Platforms MT5, ParagonEx Web Trader
EURUSD Spread 3 pips
Demo Account Available
Minimum Deposit $100
Base Currencies USD
Maximum Leverage 1:400
Assets Currency pairs, indices, metals, stocks
Deposit Replenishment Bank Transfer, Visa/MasterCard, UnionPay, Skrill, Neteller, Sofort, CashU, QIWI, WebMoney, Maestro, Diner’s Club, American Express
Withdrawal Fee Not specified
Payment for Inaction Applicable (Deactivation fee)
Islamic Accounts Available
Segregated Accounts Available
PAMM Accounts Not specified
Partner Account Available
Scalping Permitted (with minimum duration)
Automatic Trading Available
Mobile Trading Available
Web Terminal Available
Social Trading Not specified
Signals Not specified
VPS Not specified
Deposit Bonuses Not specified
Contests Not specified
Support Hours 24/5


In conclusion, UFX is a well-established Forex broker offering a wide range of trading instruments, including stocks, currencies, indices, and commodities, on multiple trading platforms. The broker’s regulatory oversight, segregated account structure, and diverse account types cater to traders with varying preferences. However, traders should be aware of the broker’s policies, such as the inactivity fee, and consider their trading strategies and needs when evaluating UFX as a potential broker. It’s advisable for traders to read reviews and consult additional sources before making their final decision.