UFXBank Review

UFXBank Review

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UFXBank is a UK based broker and comprises of a solid team of industry pros, having over 50 years combined experience in the Foreign Exchange world. The platform used at UFXBank was originally created and developed by the CEO himself providing the most up to date charts and feeds to the customers. UFXBank understands the high risk involved in trading the Forex market so much that it provides a daily market update with trade videos and trading tips in order to help the clients be prepared for the trading day and succeed. Benefits of opening an account with this broker are as follows:
  • Daily market update and trading tips, which includes signals, market reports etc.. (very helpful for both new and experienced traders)
  • One-on-one chat with trading experts
  • Live market alerts via text message
  • Browser-based trading platform
  • Selection of advanced trading tools at your disposal
  • Access to the commodities market
  • Good selection of payment option Safety is always a paramount concern in the minds of traders.

Most of us would not even consider a firm unless convinced of its accountability and honesty in financial statements and interactions with the customer. To that end, UFXBank implements the industry standard 128-bit SSL encryption system, along with multiple backup facilities at server farms which are protected by armed guards at all times, as well as a sophisticated system of firewalls in order to prevent any unauthorized access to client or company information. UFX Bank is also a member of the NFA.

Company: UFXBank
On-line since: 2007
Regulation: Member of the NFA, full regulation is soon to come (note: regulation does not always equal to trustworthy)
Payment options: Bank wire, Credit/Debit cards, Paypal, Moneybookers, Western Union, WebMoney, Netseller
Minimum account size: $500
Minimum lot size: 0.05
Lot Leverage: 1:200
Spreads: 3 pips on EUR/USD

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