UFX Markets is a relatively new Forex broker, offering a unique trading platform and a unique approach to trading. With a minimum deposit of only $100, the company offers Demo accounts to see if you enjoy the platform and general options. UFX Markets looks like a promising company, with rising customer base and traffic largely based in India. They look to fight their way to the top with great conditions and a unique system. The company offers great trading conditions, such as fixed spreads starting at 2 pips, maximum leverage of 1:200, and instructions advising on best choices to execute trades. As you will see from this UFX Markets review, they also offer a wide range of currency pairs as well as different UFX account types which are easily switched between.
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UFX Markets Software and Platform
UFX Markets has a really unique look to their platform and go well around the standard MT4 approach of stacking windows for currencies and tools. UFX platform is a refreshing, clear and uncluttered single window with no obvious distractions. The platform is easy to use and innovative, with navigation between Forex, commodities, and other options on the left, and a list of above mentioned instructions on the top. UFX founders have done well in recognizing the irrelevant feeds and charts and went for the clean look instead. Of course, these are still available on demand within the platform. UFX Markets mobile app is also available across different devices, making sure you are never out of touch with your trades.
Available Account Types for UFX Markets Users
One of the best traits we’ve found is the availability of different accounts and the ease of switching between them. UFX accounts are: Micro, Mini, Standard, Advanced, and Islamic accounts.
- Micro Account: with $100 minimum deposit, Micro Account is tailored for novice traders to get a hang of the platform and boost their skills
- Mini Account: requires a minimum deposit of $500 and comes with regular market updates. A good pick for medium-sized traders
- Standard Account: $1,000 minimum deposit, featuring all earlier mentioned benefits in addition to better spread and extra support
- Advanced Account: reserved for clients depositing at least $5,000. Advanced Account comes with the lowest spreads, personal trading assistance, and access to dealing room
UFX experts are widely recognized and very helpful, and although there are ongoing disputes in reviews online, their quality is undeniable.
Ease of Use
The UFX Markets broker company is focused on the ease of use for the traders as end customers. The approach is personal and really simple, with a clean look and easily accessible and practical platform. With competent staff, the platform as well as the general understanding of the trade for beginners seems really simplified and laid out. With reasonable and competitive spreads, and UFX instructions, it’s rather easy to get your way in Forex trading. However, we advise never to take the advice for granted, always double checking your strategies and never blindly following the instructions.
Starting with Mini accounts, UFX analysis tools become easily accessible. These include fundamental and technical analysis, as well as daily and weekly reviews. Most importantly, you can get an account manager helping you choose the services you use and get the best out of your account, charts and the platform itself.
UFX Markets Referrals and Compensation Policy
UFX Markets referrals are rewarded, with a clear and straightforward concept compensating up to 10 levels of referral. Although there’s a high minimum deposit, the program is really valuable, especially for the experienced traders. The first level or the personal referral brings in 15% commission, while level two and three referrals (meaning your friend refers a next in line trader) bring in 1% and level four to ten referrals bring in 0.05% commission. We consider this a great business move and these UFX Markets bonuses are a great incentive for new traders to join and promote the broker.
The Customer Support offers proper service, with 24 hours/day active live chat and e-mail support as well as an active phone line support in four countries – England, Egypt, Singapore, and Hong Kong.
- Support available via email and Live Chat
- Active phone lines for England, Hong Kong, Singapore, and Egypt
- Live Chat is a better option if you need a prompt answer
Although the chat service is highly accurate and quick, the e-mail support does seem somewhat slower with only one web form for all the customer enquiries.
Why Choose UFX Market?
As this UFX Markets review demonstrates, the company is very focused on user friendly interface, simplicity, and usability of the platform. The company looks very promising with an innovative approach instructing traders how to act and conduct trades so to avoid any practical mistakes. This, of course, does not promise perfect results and is something to be careful with. UFX offers competitive spreads, good leverage and good live chat support as well as personal account managers to help the clients to the best of their abilities. UFX Markets accepts 18 different payment methods and charges no commission or fees, except for the spread. There’s also a wide scope of 45 currency pairs, with all popular and more exotic currency pairs, and with one-click trading it’s a perfect choice especially for traders who enjoy the thrill of making quick decisions.