UFX Markets Review

UFX Markets Review

Author
  • Website
  • Trading Platforms
  • Support

Company Information

UFXMarkets, owned by UFX Trade Limited, was founded in 2007 by a team of financial experts and professionals. UFXMarkets is a full service online trading arena, providing trading services in currencies, commodities and indices.
UFXMarkets offers clients an abundance of trading options with over 45 currency pairs and a wide range of stocks, indices, and commodities. Platforms include the popular MetaTrader 4 and the ParagonEX Trader.

Accounts

There is a range of different accounts at UFXMarkets including a micro account, mini account, standard account, a gold account and a demo account. It also accommodates its Muslim clients with an Islamic Forex account that allows traders to maintain their accounts over night without accruing interest in keeping with Islamic Sharia laws.

Traders choosing to open a mini account must deposit $500 and are eligible for 1:200 leverage; standard accounts start with $1000 and receive a welcome bonus of 30%. The Platinum or VIP account requires a deposit of $10,000 and traders receive the lowest spreads in the market. New traders opening a demo account are given $10,000 in virtual money and can trade any of the instruments risk free.
All account holders can access the various trading tools offered by the broker, which include Forex market reviews, trading widgets and Autochartist with real-time chart patterns, trading opportunities, and Fibonacci patterns.

Features

UFXMarkets has a wide range of educational tools geared towards both beginner and advanced Forex traders including a vast video library and 1-on-1 coaching and a choice of different articles.
Updated market news is presented live at UFXMarkets with a click on the picture of the video camera which is present on every web page. There is an economic calendar which can be customized to a trader’s personal needs.
An interesting feature is the Refer- a-Friend program wherein both trader and referred party are rewarded. When a referred friend or family member makes his/her first deposit and starts trading, the referrer will receive a 10% bonus and the new account holder will receive a 30% Welcome Bonus.
Customer service is available 24/6 with chat, email and phone responses. The UFXMarkets website is available in Arabic, Chinese, Czech, English, French, German, Italian, Japanese, Russian, Spanish, Swedish, Turkish, Thai and Romanian