The UFX trading platform was created in 2007 and quickly became one of the leading brokers in the entire Forex industry. UFX reached the European Union and MIFID in 2011. In 2013 UFX was recognized by the International Financial Services Commission of Belize because of their superior ethical standards, customer service/protection as well as superb security of user funds.
With a variety of accounts to choose from, ranging in minimum deposits, there is an option for everyone’s budget. Some accounts available are the Micro, which requires a minimum deposit of $100, the Standard, which requires $1000 and the Platinum, which requires $10,000. There are also the Mini and Gold accounts which fall in between the others in terms of minimum deposits.
UFX also offers an Islamic account, which gives those actively practicing Islam and/or residing in predominantly Islamic countries a chance to participate while still adhering to Islamic law regarding bank activity and interest.
All accounts, regardless of level, have access to 24-hour live chat customer support as well as exclusive daily market reviews. UFX also provides daily recommendations of popular trades to customers. Another unique feature of UFX is the personal trading training, available to all accounts as well. Added features for Gold and Platinum account holders are text alerts and exclusive access to the MT4 trading platform.
UFX has also created a demo account, where potential customers can practice trading. This gives customers a chance to practice trading on the Forex market as well as learn how to be more successful. A demo account is a good place for new traders to practice without the potential of losing their own funds.
UFX recently implemented the UFX Rewards Cashback Loyalty Program. There are several different targets that customers work to unlock. Every trade you make offers the opportunity for cash back.
UFX has also recently added the MassInsights™ Stream. This technology allows users to access to a live stream of market and trader behavior. The stream displays the information in an easy-to-read manner. The technology is able to highlight trend activity on individual assets, which is also displayed in the stream. Other features of MassInsights™ Stream include displays such as “Volume Growth”, “Going Up” and “Going Down”. A calendar of market events and news is also available for customers to peruse.
Customer service is a huge priority for UFX. Chat service is provided 24 hours a day, five days a week, and local phone support is accessible in over 15 countries. There is also an email option. The UFX website itself is available in over 25 languages, making it very user-friendly for people of all nationalities.
One thing to keep in mind is while UFX doesn’t have regular maintenance fees, they do reserve the right to charge $50 USD every six months on any open account.
Overall, UFX is a versatile broker and the trading platform is very user-friendly. Is UFX scam trading site? The answer to that is no, it is a legitimate trading platform.
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