The UFX Bank website is easy to navigate, however much of the information I normally review is difficult to find or non-existent on the site. I was unable to find details about their trading platform, demo accounts and execution types and was also unable to find detailed information about account terms regarding spreads,, leverage and minimum/maximum positions. Finally, I also encountered discrepancies in the information being provided on some pages. For example the deposit page does not list Paypal as a funding method, yet the FAQ’s indicate that deposits can be made via Paypal. With so many forex brokers available I think I will pass on any that are so stingy with information and/or have outdated information on their site.
Company Name: UFXBank
Online Since: 2009
Country: United Kingdom
Regulated: Unregulated
Payments/Withdrawals: Moneybookers, WebMoney, Neteller, credit cards, wire transfer, CashU
EUR/USD Spread: 2-4 pips
Minimum Account Size: $100
Leverage: up to 1:200
Minimum Position: 0.05 lot
Platform(s): Proprietary web based platform
Mobile trading: ??
Demo Account: ??
Support: Live chat, email, phone
Training: No
Managed Accounts: No
Languages Supported: Arabic, English, French, Italian, Portuguese, Russian, Spanish, Turkish
Trade what?: Forex
ECN/STP: ?? – I doubt it
Advantages: Browser based platform
Disadvantages: Unregulated, Metatrader 4 not supported, high spreads
Partner Programs: Refer a friend, Affiliates, Introducing broker, Regional Partner
Learn more about UFX Bank here
