UFX Review

On Feb 27, 2016

UFX is an online trader founded in 2007. It is fully licensed and in line with European Union regulations. Since the EU has pretty strict regulations, that essentially means that UFX is compliant across the globe.
UFX review
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  • UFX review
  • Website: ufx
  • Age: Established in 2007
  • Extra: Mobile Version Available
  • Easy to Use
     
  • Price
     
  • Reliability
     
  • Customer Service
     
 

  • Review Summary:

  • UFX is an online trader founded in 2007. It is fully licensed and in line with European Union regulations. Since the EU has pretty strict regulations, that essentially means that UFX is compliant across the globe.

     

 

There are a lot of online brokerages that make big promises. A few years ago, I was unlucky enough to get ripped off by a company that I thought I could trust. That was a wakeup call that I will never forget.

After dealing with a fraudulent trader, I did a lot of research to make sure that I found an honest company that could give me the resources and services I needed to make money. After a few weeks of searching, I found UFX. 

The past couple of years with UFX have been great. I'm making money and having fun. Best of all, I'm not worried that I'm getting ripped off, again.

About UFX

UFX is an online trader founded in 2007. It is fully licensed and in line with European Union regulations. Since the EU has pretty strict regulations, that essentially means that UFX is compliant across the globe.

Top Features of UFX

While there are a lot of features that I like about UFX, some stand out to me as more important than others. I'll write about some of those features here to help you better understand why I'm such a big fan of UFX and its services. Hopefully, you will gain some insight from this.

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Educational Video Library

As far as I'm concerned, educational resources is the feature that separates mediocre trading sites from truly great trading sites. If a company doesn't give you access to excellent educational resources, then it's unlikely that you will have the information you need to make smart trades. If you do have the information you need, then you are probably getting it from a third party provider. What's the point in using two services when a company like UFX offers the information that you need to succeed?

UFX.com - The number 1 forex trading broker in the UK

No matter how many years of experience you have in trading, you still have a few things to learn. That's where the UFX video library comes in. This is a tremendous resource that will teach you fundamental and advanced lessons.

It means a lot to me that UFX is willing to share its resources with clients. It shows that the company is interested in helping its clients make money. In the short term, this probably means that UFX makes less money. In the long run, though, it means that the company can attract serious clients who are interested in investing their money for real. 

If you are ready to put in the work, this video library will lead you to success.

Bonuses and Promotions

Who doesn't like getting free money?

UFX offers plenty of opportunities for you to get bonus cash in your account. It starts immediately with a 30 percent sign-up bonus. UFX will match 30 percent of your initial deposit up to $10,000. That's completely free money that you can use to get used to the system and start applying the lessons that you learn from the video library.

UFX.com - The number 1 forex trading broker in the UK

UFX also offers some redeposit bonuses for clients who have been using the service for a while. These promotions seem to change fairly often, so you should visit the company's website to see what it currently offers.

Competitions at UFX give you a chance to add money to your account while pitting your skills against other traders. If you are a successful trader, then there is a good chance that you will win some of these competitions. Even if you are new, it's worth trying a few competitions. It will help you get used to the action and give you competitive boost that you need to learn more about trading.

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Mobile Apps

I travel a lot, so I prefer trading platforms with mobile options. UFX has mobile apps for Apple and Android devices.

UFX.com - The number 1 forex trading broker in the UK

Wide Range of Assets

You may have seen some online traders that force their clients to focus on a small range of assets. Perhaps they only deal in stocks, or they only let you put money in forex. Personally, I find that boring. I'm the kind of person who likes to constantly acquire new skills. I can't do that if I'm always putting money into the same assets.

When you use UFX, you can invest your money in commodities like gold, silver, natural gas, and crude oil. You can also invest in currencies, stocks, indices, and ETFs.

If you like to stay challenged, you will appreciate this level of diversity. Without it, trading can get a little stale.

UFX Prices

UFX doesn't charge for its services. Instead, it collects the money from unsuccessful trades. The company does, however, have several account options that you might want to consider. Each account requires a minimum deposit. Generally speaking, the more you deposit, the more services you get.

I've listed the account minimum deposits and most important features below. Please note that I'm not including features that I wrote about in the previous section. These are just features that are unique to each account level.

Mini Account
Minimum deposit: $500

Features
 
Minimum trade volume of $5,000

Standard Account
Minimum deposit: $1,000

Features
 
Minimum trade volume of $10,000
Investment features that align with Islamic law.

Islamic Account
Minimum deposit: $1,000

Features
 
Minimum trade volume of $10,000
VIP trading support
Exclusive updates

Gold Account
Minimum deposit: $5,000

Features
Minimum trade volume of $50,000
VIP trading support
Exclusive updates
SMS trading alerts
Access to MT4 trading platform

Platinum Account
Minimum deposit: $10,000

Features
Minimum trade volume of $100,000
VIP trading support
Exclusive updates
SMS trading alerts
Access to MT4 platform

Criticisms of UFX

UFX doesn't accept clients in the United States. This probably doesn't matter to most people. Since my job takes me to the U.S. fairly often, though, it is something that I think about. Unfortunately, there aren't many online traders that do accept U.S. clients. The U.S. government has made it incredibly difficult for its people to trade online. I'm not sure why they do it. When I'm there, they're always talking about the freedom to do this and the freedom to do that. But I can't even get online to check my account!

The good news is that I have found a way around this. I don't know if it's completely legal or not, but it works. If you ever have to travel to a country that does not let you access UFX or another trading site, then you just have to use a virtual private network (VPN). There are tons of companies with low prices. Look around to find one that matches your needs.

UFX.com - The number 1 forex trading broker in the UK

Once you have a VPN, you can trick the UFX website into thinking that you are practically anywhere in the world. UFX might not let you access some parts of the site when you are in the U.S., but it doesn't have to know where you are. When you are under the cloak of a VPN, the site thinks that you are still in your home country.

I suppose this could work for U.S. residents who want to use UFX. Like I said, though, I don't know whether it is legal or not. Since I'm not a resident and I'm only there a few weeks out of the year, I don't worry about it too much.

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Customer Support for UFX

As a global company, UFX has created several support options to make sure its clients are properly cared for. Personally, I prefer contacting customer service through email. But that's just because I hate waiting on hold. I don't have time for that.

UFX.com - The number 1 forex trading broker in the UK

If you are someone who prefers making phone calls, though, you won't have any problems with UFX. The company has over 18 phone numbers so you can use a local number to reach customer services. That means you never even have to think about paying long distance or international calling fees.

In my experience, customer support is quick and courteous. I rarely have questions for them, but they are always quick to respond with the correct answer.

Pros of Using UFX

  • Strong educational materials
  • Plenty of bonuses and promotions
  • Mobile app
  • Wide range of assets to trade
Cons of Using UFX

  • Doesn't accept clients from the United States 

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Conclusion UFX

I've been investing online for about five years. Over those years, I have learned a lot about making successful trades. I have also learned quite a bit about what to expect from an online broker. Unfortunately, I had to learn that lesson the hard way. Once you have been ripped off by an unscrupulous website, your outlook changes.

Considering that I have plenty of experience and I am a little bit paranoid about who I give my business, I think that my recommendation should go a long way. UFX is one of those rare companies that seems to truly care about its clients. If you are interested in taking your online investments to the next level, I would highly recommend visiting the UFX website. After you have toured the site, I bet you will agree that UFX is a great online trader that can help you make money.

 
UFX
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