UFX South Africa

UFX Global may be a leading forex and Contract for Differences (CFDs) trading platform that’s owned by Reliantco Investments Limited. the corporate was established in 2007 and is predicated within the Republic of Vanuatu.

Regulation & Reputation

In terms of regulatory oversight, UFX comes under the jurisdiction of the Vanuatu Financial Services Commission. The broker is regulated under the registration number 14581. As for the reputation that UFX has earned over the years, the broker has been recognized by leading industry reviewers for its outstanding services and merchandise offerings. Since 2012, UFX has been winning recognition for its services to the industry.

Trading Platform

As for the trading platfroms provided by UFX, the broker offer traders two main sorts of trading platforms, ParagonEx Web Trader 4.0 and therefore the MetaTrader 4 (MT4) platform.

MetaTrader 4 Platform

The MetaTrader 4 or MT4 platform is that the hottest forex and CFD trading platform within the industry. it’s been adopted by around 80% of the brokers within the market. The platform is additionally well liked by traders within the online trading community because it offers them a good range of advanced trading tools. for instance , the MT4 comes with a complicated charting package, also as an outsized library of technical indicators. It supports multiple order types and automatic trading through the utilization of expert advisors. The platform is additionally ready to support multiple langauges, so traders can customize the interface to their language .

ParagonEx WebTrader 4.0

The alternative trading platform which UFX has made available to its clients is that the ParagonEx WebTrader 4.0. This trading platform may be a versatile platform that’s web-based and requires no software download or installation. it’s intergrated charts and supports real time news feeds. The version 4.0 adopted by UFX is that the latest version of the ParagonEx WebTrader and uses the innovative MassInsights™ Technology to supply trades with information about the prevailing trends within the markets. This technology is so advanced that it’s received numerous awards from leading industry reviewers.

Mobile Trading

Traders who are highly mobile now not got to worry about missing out on trading opportunities. With the UFX mobile trading app, traders can now trade the markets directly from their smartphones or mobile devices. It also comes with MassInsights™ Technology and various advanced trading tools. The mobile trading app is out there freed from charge and may be downloaded directly from the Apple App Store or Google Playstore.

Trading Accounts

As for the trading accounts that are available at UFX, you’ve got a choice of 6 differing types of trading accounts.

Micro Trading Account

• Minimum deposit of $100
• 24 hour live support
• Video library access
• Daily recommendations
• Daily reviews

Mini Trading Account

• Minimum deposit of $500
• 24 hour live support
• Video library access
• Daily recommendations
• Daily reviews
• Personal Coach

Standard Trading Account

• Minimum deposit of $1000
• 24 hour live support
• Daily recommendations
• Daily reviews
• Exclusive updates
• Personal Coach
• Video library access
• VIP support

Gold Trading Account

• Minimum deposit of $5000
• 24 hour live support
• Daily recommendations
• Daily reviews
• Exclusive updates
• MT4 platform Access
• Personal Coach
• SMS Alerts
• Video library access
• VIP support

Platinum Trading Account

• Minimum deposit of $10,000
• All features of the Gold account
• Islamic Trading Account
• Minimum deposit of $100
• 24 hour live support
• Video library access
• Daily recommendations
• Daily reviews
• Personal Coach

Bonuses & Promos

While UFX doesn’t offer any quite trading bonuses to its clients, it does have a loyalty program called the “Cashback” program. The more you trade, the more you’ll earn in terms of rewards. additionally , UFX also hold regular trading competitions where traders can participate in and win attractive prizes. a number of the prizes offered included a Lotus Elise sports car .

Assets & Instruments

With UFX, traders can trade Currency pairs, commodities, ETFs, market indices and stocks. There are 60+ currency pairs, 7 sorts of market indices, 10 ETF funds, 29 sorts of stocks and seven sorts of commodities.

Customer Support

Customer support at UFX is out there 24/5 through live chat, web contact form and therefore the telephone. In terms of localized telephone support, UFX features a support representative in 23 different countries. With such wide support coverage round the globe, it’s easy to know how UFX has won numerous awards like “FX Broker of the Year” and “Best Value Forex Broker”.

Deposit & Withdrawal

To facilitate the funding and withdrawal of funds, UFX has provided support for several methods of payment methods. They include transfer by credit cards, eWallets and bank wire transfer. Major credit cards like VISA, Mastercard, Diners, Maestro and American Express are accepted by UFX. For eWallets, traders can use popular wallets like Neteller, Skrill, Sofort and Poli. note that UFX have a minimum amount requirement for both deposits and withdrawals. For deposits, the minimum amount is $50 and $70 for withdrawals.

Is UFX suitable for day trading?

If you’re looking to day trade and are trying to find an appropriate broker, the primary thing that you simply should consider is whether or not the platform and instruments offered are suitable for day trading. within the case of UFX, it’s an appropriate broker for day trading as CFD contracts are often opened or closed at any time.

UFX Awards

Some of the newest awards won by UFX include the following:

2017 : Best Forex Trading Tools – MassInsights™ Technology (UK Forex Awards)
FX Broker of the Year (The European)
2016 :Best Forex Trading Tools – MassInsights™ Technology (UK Forex Awards)
FX Broker of the Year (The European)
Best Trader Loyalty Programme – UFX Rewards (FX Report Awards)
Best Trading Platform – MassInsights™ Technology (FX Report Awards)

FAQs

What is the minimum deposit requirement to open a trading account?

The minimum deposit requirement at UFX is $100 for the Micro trading account.

How fast can my withdrawal request be processed?

The time interval for withdrawals depends on the methods used. However, the standard time required to process a withdrawal request is 3 business days.

Is UFX a reliable broker?

Yes, UFX may be a reliable broker because it has been operating since 2007. additionally , it’s regulated by the Vanuatu Financial Services Commission.

What quite trading platform does UFX have?

There are 2 sorts of trading platforms available at UFX, the MetaTrader 4 and therefore the ParagonEx Webtrader.

Does UFX charge a withdrawal fee?

No, UFX doesn’t impose any fee for withdrawals. However, traders can still be responsible for any fees imposed by the banks.

Accepted Countries

UFX accepts traders from Australia, Thailand, uk , South Africa , Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia , Kuwait, Luxembourg, Qatar and most other countries.