|Regulated:||Regulated by the FSC|
|Min Trade Amount:||0.01 Lots|
|Bonus:||30% Welcome Bonus!|
|Free Demo Account:|
|Trading Platform:||MT4, ParagonEX Trader|
|GTD Stop Loss:|
UFXMarkets is a Belize-based brokerage brand founded in 2007. The company is licensed in Belize by the International Financial Services Commission with license number 51.
Special Offers and Bonuses
Several offers and bonuses are available on UFXMARKETS.
a) There is a 30% welcome bonus up to a maximum of $5000 for account deposits made for the first time. Deposits must start from $500 to qualify for this bonus.
b) There is a Refer-a-Friend bonus which is given to those who refer live account holders to the UFXMARKETS platform. The maximum payable amount under this program is $1000. The more traders who open live accounts are referred, the more the referrer gets.
c) Redeposit bonuses are also available. Exact amounts must be negotiated with the respective account managers.
Types of Trading Accounts
The following account types are obtainable on UFXMARKETS:
a) Micro Account: Micro accounts attract a minimum deposit of $100 to $499, with leverage of 200:1. The minimum trade size is $1,000 volume (0.01 lots). Traders can use expert advisors and hedging as a trading strategy.
b) Mini Account: The mini-account allows traders to open an on-line brokerage account with minimum deposit of $500 to $999. The leverage requirement is 200:1, and this account also comes with a minimum trade size of 0.05 lots.
c) Standard Account: Standard account holders can trade as many as 63 assets whilst enjoying the benefits of a full customer support package. The minimum deposit on this account type is $1,000 to $4,999. Leverage is also set at a maximum 200:1. Traders get access a personnel coaching service and 24 hour live customer support. Traders get all the benefits and features of the Mini account, plus being able to trade a minimum of 0.1 lots as trade size.
d) Gold Account: The Gold account type gives traders VIP level customer support, and allows them to open accounts with a minimum deposit of $5,000 to $9,999. Traders get to enjoy all the benefits of our Standard account plus the services of a personal account manager. Traders also get much reduced fixed spreads. The minimum trade volume is 0.25 lots with a leverage of 200:1.
e) Platinum Account: The Platinum account type allows traders to gain access to special packages such as the use of the Autochartist software. The minimum deposit is $10,000 and spreads offered are the lowest available in the market. The minimum trade volume is 0.5 lots, with a 200:1 leverage.
f) Islamic Account: This is the account type which conforms with Islamic principles of investment, being a swap free account. Traders get the same benefits as Mini account holders, with a minimum deposit of $1,000 and a minimum trade volume of 0.1 lots.
Trading Platform Features
Platforms are the gateway to the forex market, and UFXMARKETS offers the following platforms to its clients:
a) MT4: UFXMARKETS provides its clients with the MetaTrader 4 platform.
b) The ParagonEX Trader
Commissions and Spreads
When trading currencies on UFXMARKETS, traders can expect to get the following spreads shown in this table below. As we can see, the spreads are different for each account type.
All platforms come with interactive charting packages. In addition, UFXMARKETS has developed a number of tools which can be applied to the charts. These tools include the Autochartist Plug-in for MT4, and trading widgets such as the Fibo calculator, currency calculator, pip calculator and currency converter.
Education and Demo Accounts
UFXMARKETS has an extensive forex trading course for beginners and advanced traders. This course is available on the UFXMARKETS website. There is also a facility for 1-on-1 tutorials with an in-house forex expert.
In addition, there is a platform tutorial which teaches new traders how to use the UFXMARKETS platforms on a step-by-step basis. The educational suite is rounded off by a video library of lessons as well as a forex glossary so new traders can understand the forex lingo.
Traders on UFXMARKETS also get access to a demo account which is free and unlimited. This is irrespective of the account type or platform used.
The customer service desk of UFXMARKETS can be reached through the following means:
UNITED KINGDOM >>> Phone: +44.203.608.1558 and +44 2081500778
FRANCE >>> Phone: +33.97.518.0057
GERMANY >>> Phone: +49.303.080.8240
ITALY >>> Phone: +39.029.475.0321
RUSSIA >>> Phone: +7.499.638.5977
TURKEY >>> Phone: +90.212.414.1731
ROMANIA >>> Phone: +40.31.814.2263
UAE >>> Phone: +800.035.702.407
BAHRAIN>>> Phone: +973.1619.9863
JAPAN >>> Phone: +81.34.578.0016
HONG KONG >>> Phone: +852.5808.2484
SINGAPORE >>> Phone: +65.3158.1715
b) Online Email contact form
c) Live Chat – available 24/5
Deposit and Withdrawals
Deposits and withdrawals can be performed on the UFXMARKETS platform using bank wires, credit cards and e-payment methods.
a) Bank wires: Available to traders worldwide, traders can transfer funds using direct deposits, online banking or telegraphic transfers.
b) Credit cards: UFXMarkets accepts Visa, Delta, MasterCard, Diner’s Club. Funding is instant. Visa Electron is a debit card issued by VISA which permits the trader to deposit and withdraw funds that are already in your account.
c) Skrill: With Skrill, several payment options can all be connected to the Skrill account; bank account, credit card, debit card can all be connected. Skrill therefore serves as a Digital Wallet.
d) CashU: This is an e-payment method used in Arabic-speaking areas. Used widely in the Middle East and North Africa.
e) Poli and Sofort are other e-payment methods that allow traders to deposit funds with their cards.
The minimum and maximum deposit limits on UFXMARKETS are dictated by the transaction methods used.
There are no minimum or maximum withdrawal limits except the ones imposed for certain methods of transaction. Withdrawals are sent to the same method of transaction used for the deposit of initial funds received. The recipient’s name on withdrawal requests must match that of the account holder as well names supplied on personal and residence identification documents.
UFXMARKETS has a very good educational base for those who are new to forex. The company has also been able to setup different account types, allowing traders to identify which account types will be better suited to their trading styles. Traders should take up this opportunity to make the best of the opportunity provided by UFXMARKETS.