UFXBank

Screenshot
Min. Deposit:
$100
Bonus:
Up to 50%
Regulator:
FSA
US Clients:
Yes

Quick Facts

Contact Information:
UFXBank
Dalton House, 90 Windsor Avenue, SW19 2RR, London
Tel: +44 203 318 9450
Founded:
2007
Broker Type:
ECN
Licensed/Regulated By:
FSA
Platform Types:
ParagonEX Trader
Languages:
English, Arabic, Spanish, Portuguese, Mandarin, French, Italian, Turkish, Russian
Minimum Deposit:
$100
Leverage:
1:200
Other instruments:
Commodities, Binary Options
Mini Account:
Yes, $100
Pip Spread:
EUR/USD 2
USD/JPY 3
GBP/USD 3
AUD/USD 3
EUR/GBP 4
USD/CHF 3
EUR/CHF 4
USD/CAD 4
Payment Methods:
Credit Cards, Moneybookers, PayPal, CashU, Bank Transfer, Neteller, Wire Transfer
Demo account information:
Bonus information:

Background

UFX Bank is a UK-based brokerage house made up of a team of financial professionals who share a wealth of experience stemming from their many years in the finance industry in various capacities.

UFX Bank is a great place to start for people looking to learn about any form of financial trading from currency market trading to commodities trading to stock indices. This is because UFX provides an abundance of forex news and analysis and forex charts and graphs in order to help decipher the sometimes seemingly confusing world of financial trading.


Features

One of UFX Bank's strongest attractions is the large bonuses they offer to new depositing traders. For example, during the final weeks of 2010, they were offering to add 50% of new traders' deposit amounts to their account balance.

The standard UFX Bank bonus for new traders is a 30% deposit bonus but they often offer seasonal promotions so it's worth it to contact their customer support representatives to see what they're offering today.

UFX Bank also offers traders the opportunity to invest in other financial instruments such as commodities, indices as well as call and put binary options on commodities, stocks, indices and forex pairs. With a low deposit minimum of only $100 for a micro account, UFX Bank welcomes all traders from those just starting out to those with years of experience.


Platforms

UFX's trading platform is powered by ParagonEX, one of the most well-established financial technology companies in the industry. Their platform is completely Web-based so there is no need to download anything.

The ParagonEX trader platform is sleek and easy-to-use with convenient access to charts, steaming news updates and a variety of financial instruments to invest in. You can easily go from executing trades to analyzing candlestick charts and reading the latest online forex news with the click of a button.


Deposits and Withdrawals

UFXBank offers the widest variety of payment methods including credit cards, Webmoney, Moneybookers, Paypal, CashU, Western Union and Neteller so you can rest assured you can easily deposit and withdraw funds with this broker.


Customer Support

The UFX Bank philosophy is to "put the client first throughout their trading experience". UFX Bank offers world-class customer support online, over the phone and via e-mail. Their representatives speak a variety of languages so if you have any issue, they are usually able to solve it expediently. UFX Bank prides itself in offering "Trading experts" to help new forex traders learn the ropes and offer experienced traders insight and tips in order to help them increase their trading profits.


Conclusion

UFXBank is perfect for those interested in starting to trade forex and as well as experienced traders looking for a new broker to handle their trades. The firm's Web-based platform ensures all are able to use it and their multi-language support available for a wide variety of languages allows traders to receive answers for any questions they may have in their native language 24/7.


Summary

Screenshot
Min. Deposit:
$100
Bonus:
50% Bonus
Regulator:
FSA
US Clients:
Yes

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