An unbaised review of UFXMarkets

Here you can get to know what professional forex traders think about UFXMarkets (formerly known as UFX Bank).

7.75 / 10 stars

Before starting currency trading at UFXMarkets

Below you find some important points that suggest you consider before starting to trade forex with UFXMarkets.

Payment methods: For local bank transfers within UK, deposits can usually be made in 1 day. For international bank transfers, allow 2-3 days. The quickest options are otherwise by credit card, debit card, Paypal, Money Bookers, Neteller, WebMoney, CashU or Western Union. This way, you can get started with UFXMarkets in a few minutues.

Downloading software? UFXMarkets’s Trading Platform is online based, so you don’t need to download anything! Quick and simple.

Sign-up bonus: There is no sign-up bonus for UFXMarkets at the moment.

Trade currencies by UFXMarkets?

Currencies and other instruments: UFXMarkets has a wide range of currencies, commodities, indices and binary options – all with competetive spreads.

Execution of currencies: UFXMarkets’s platform execute currencies very quickly. You can use the ‘freeze rate’ option and buy a currency pair with only one click. This way, you are guaranteed to buy for the same rate as you see on the screen.

Spread (buy and sell quotes): From 3 pips spread on major currency pairs, such as USD/EUR. Spread for crude oil is only 5 pips and for exotic currencies like USD/SEK it’s 20 pips.

Support: UFXMarkets has 24-hour chat and phone support from Sunday night until Friday evening.

Resources (tools, charts): You can get forex news and the latest market commentaries in real time delivered by SMS.

What do you get as a customer of UFXMarkets?

Currency pairs: In total, 39 currency pairs are included to trade with on opening an account with UFXMarkets. For your convenience and flexibility, you can also trade five commodities, 9 indices and a wide range of binary options.

If you want to trade US Dollar, there are 9 currency pairs to trade with: NZD/USD, USD/CAD, USD/HKD, USD/ILS, USD/NOK, USD/ZAR, USD/DKK, USD/SEK and USD/TRY.

For Euro traders, there are 11 currency pairs to trade with: EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/HKD, EUR/ILS, EUR/JPY, EUR/NOK, EUR/NZD, EUR/SGD and EUR/ZAR.

If you want to trade with Pounds Sterling, there are the following currencies availible: GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NOK, GBP/NZD and GBP/ILS.

For Yen traders, there are 6 available currency pairs: SGD/JPY, CAD/JPY, AUD/JPY, EUR/TRY, CHF/JPY and NZD/JPY.

Other currency pairs: AUD/CAD, AUD/NZD, NZD/CAD, NZD/CHF, USD/SEK and CAD/CHF.

Indices to trade: NSQ/USD (nasdaq composite index), DOW/USD (dow jones index), SP5/USD (SP5 index), DAX/USD (DAX index), CAC/EUR (Paris CAC 40 index), CTN/USD (Credit Suisse First Boston Technology Index), NKK/USD (Nikkei Index) och OI1/USD (Oil index).

Commodities to trade: XAU (gold), XAG (silver), GAD/USD (gasoline), CRN/USD (whete) och OIL/EUR (crude oil)

Leverage: You can leverage your account up to 200 times at UFXMarkets.

Daily Market Analysis: You receive daily access to a wide range of real time commodity- and forex market videos from UFXMarkets.

About UFXMarkets

Financial security: UFXMarkets are regulated by FSA in UK. The firm has secured a capital of 80 million Sterling. All money is insured by the Investor Compensation Fund for up to 20 000. It can be used if the company against all expectation would go bankrupt.

Software and graphics at UFXMarkets

Most traders are very satisfied with the UFXMarkets fast multi-platform. It is easy to operate and adjust.

>> Go to UFXMarkets’s website to find out more
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