Overview of CFD trading platforms: UFX

The lack of a unified method of choosing a reliable financial broker, which would allow to identify and analyze the strengths / weaknesses of trading platforms, significantly complicates the activities of not only beginners, but also experienced traders. Using various “lucrative”, at first glance, offers (bonuses, contests, a high payout percentage on successful transactions, etc.), fraudsters attract prospective clients to lure as much money as possible from them. At the same time, a company can start its activities as a decent broker, thanks to which even very careful traders who are willing to invest in a project that interests them more than one hundred (and sometimes a thousand) dollars get into their “networks”. The UFX broker presented in this review is in many respects classified as reliable and decent representatives of the industry. But, despite this fact, there are quite a lot of negative reviews about it in the network. Angry user comments (or freelancer reviews ordered by competitors) make you wonder whether it is worth registering on this trading platform account or is it better to look for other offers from brokers? For a reasoned answer to this question, it is necessary to study in detail the main indicators of UFX activity, including an objective description of the resource presented.

What steps does the UFX administration take to attract users

Established in 2007, UFX is a Cypriot company whose founders are a team of real professionals who are well versed in online trading, investment, programming and legal support for forex brokers. The company’s website ideally combines the classic methods of trading traditional assets with the latest technology, new ways to make a profit and the highest standards of service for their customers. The presented trading platform in terms of functionality is suitable for both experienced traders and beginners.

Security

Developed for companies such as UFX, the application in conjunction with modern platforms guarantee instant processing of tasks, the safety of personal data and protection from the effects of adverse external factors. The higher the volume of trade, the more compensation the trader receives from his losing trades (few brokers use this method of stimulating users).

One of the main ways to protect deposits is to place clients’ money in separate accounts in reliable banking institutions. For security of transactions the special protected protocol is applied.

Regulation

If someone has any doubts about the safety and reliability of the broker, they will surely be dispelled by the most convincing evidence – the presence of institutions that control the work of the trading platform. These are the Cyprus Securities and Exchange Commission (CySEC) and the Financial Regulatory Authority. Practice shows that for experienced traders this is quite enough to register a login to UFX, without delving into the other nuances of the broker’s activities.

Training

The broker’s web site has a personal training program with an introduction to the basics of online trading, professional terminology and the provision of a personal tutor. Thanks to such care for its users, the company, without any problems, prepares qualified specialists who are well-versed in the basic nuances of the global financial market.

In the process, UFX customers use economic news, track trends, analyze market trends and reversal patterns, which helps them to make accurate predictions that allow them to earn good money. An additional advantage is the demo accounts provided by the UFX administration, which allow us to see in practice how a broker works, what can be done to increase profit, etc. At the same time, a trader does not need to spend personal savings.

Analysis of UFX trading performance

In addition to the demo account on the broker’s website, you can open:

● Micro.

● Mini.

● Standard.

● Golden.

● Platinum account.

The main differences between them are the number of services provided, the availability of contests / bonuses, as well as the amount of the minimum deposit that the trader must make.

Trading Terms

● The minimum deposit is $ 100.

● Account currency – US dollar.

● The minimum transaction size is 0.01.

● Bonuses – 30% of the deposit amount.

● Technical support – round the clock, 7 days a week.

● Affiliate program – there is.

● Cash back – provided.

How to deposit or withdraw money

Quite often reviews about UFX, which are easy to find on the network, pay a lot of attention to methods of depositing / withdrawing money. Such interest can be explained by the fact that most similar companies limit themselves in this respect to 2-3 ways, and UFX takes a strong leading position:

● Debit and credit cards of banking institutions (MasterCard and Visa / Maestro).

● Skrill.

● WebMoney.

● CashU.

● Neteller.

● Sofort.

● Giropay.

● QIWI.

● Neosurf.

● POLi.

● China UnionPay.

Trading Instruments

The reviews compiled about UFX focus on the fact that by the number of available assets, in contrast to the above methods of depositing / withdrawing money from the account, the broker in question lags significantly behind many of its competitors. In this case, CFD contracts are available to traders using commodities, indices and stocks. But practice shows that in most cases the listed trading instruments are quite enough to make profitable transactions and get a stable income.

Based on the above information, we can conclude that this company is not a fraudulent project. It is hard to imagine how the creators of the resource are waiting for more than 10 years, while ensuring the full-fledged work of the trading platform to wait for the moment when the time comes for the fraud.