One of the biggest challenges when it comes to online trading is finding the right platform for your needs. After all, you cannot succeed in trading if you do not have the right tools. You also need the right resources to broaden your knowledge and boost your trading performance. With that in mind, keep reading this UFX Review, as you might discover a broker that’s the perfect fit for your financial strategy.
A major plus
UFX offers a generous cashback program that allows you to earn money on every trading position you open. It means that the more you trade, the more you earn. UFX also offers swap-free accounts for Muslim traders. Its various trading platforms are advanced and professional yet simple and intuitive. On its own trading platform, UFX also provides a powerful live feed – MassInsights™ – that analyzes market sentiment in real time.
On the flip side
UFX trader accounts must be in USD only. Also note that the popular MT4 platform is available only to Gold and Platinum account holders.
Who runs UFX?
The legal holder of the trade name UFX is UFX Global, which is headquartered is in Vanuatu at the following address: The Govant Building, Kumul Highway, P.O. Box 1276, Port Vila, Vanuatu. UFX is operated by Reliantco Investments Limited.
What about regulation and trader protection?
The global UFX brand is licensed and authorized by the Vanuatu Financial Services Commission (license number 14581). In Europe, Reliantco Investments Limited has been regulated in Cyprus by CySEC since 2007 (license number 127/10).
Being a regulated broker, UFX has to observe MiFID rules, and identify its clients as part of Know Your Customer and Anti-Money Laundering procedures. When it comes to its traders’ money, the company also applies strict rules and holds funds in segregated accounts at top-tier banks to be sure that its traders’ capital is safe and secure.
What is different about UFX?
Many brokers act as the counterparty of their clients’ trades and can be described as market makers. UFX, on the other hand, is an STP broker. STP stand for Straight-Through-Processing, which means that UFX only plays an intermediary role between its traders and its liquidity providers, which avoids any conflict of interest.
UFX has developed a proprietary technology called MassInsights™, allowing traders to use the power and wisdom of the masses. The live feed offers actionable insights on how the markets are moving and what they are likely to do next. This feature gives traders constant access to market news, live updates, and the most significant market movements.
Writing this UFX review showed us that UFX is dedicated to providing the best services and tools to its traders, and to helping them take advantage of optimal trading conditions. Moreover, UFX is an STP broker, which means that its interests are aligned with its traders’ goals, as it doesn’t need to hedge its traders’ positions.