Risk Management Index
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
License Type:Appointed Representative(AR)
Regulated in Country/AreaCyprus
Regulatory License No.：127/10
Email Address of Licensed Institution :email@example.com
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :139, Makarios III Avenue, Zavos Business Center, 3rd Floor, CY-3021 Limassol
Phone Number of Licensed Institution :+357 25 030 314
Most visited countries/areas
The data are from WIKI Research 2021.06.12 updated
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Basic Information & Regulators
UFX is an award-winning online Forex and CFD broker that currently holds an authorized representative license from the Cyprus Securities and Exchange Commission (license number: 127/10).
Safety Analysis of UFX
UFX holds an authorized representative license from the Cyprus CySEC, a top-tier regulatory body that provides a certain level of security to the brokers falling under its supervision. However, the minimum deposit required for accounts with this broker appears to be too high, and investors are advised to use UFX with caution.
Investors can trade popular financial instruments on the UFX market: Forex currency pairs, commodities, stocks, stock indices, and exchange-traded funds.
Leverage & Accounts of UFX
UFX offers traders five different types of accounts, namely Micro/Mini Accounts (minimum deposit of $100), Mini Accounts (minimum deposit of $500), Standard Accounts (minimum deposit of $1,000), Gold Accounts (minimum deposit of $5,000), Platinum Accounts (minimum deposit of $10,000) and an Islamic account for Muslim traders (minimum deposit of $10,000).
Spreads & Commissions
The UFX Mini Account has a spread of 5 pips on USDJPY, 10 pips on AUDCAD, 210 pips on Gold, 750 pips on Silver, 550 pips on German DAX30, and 142 pips on Alibaba share. For the Standard Account, the spread is 4 pips for USDJPY, 9 pips for AUDCAD, 195 pips for Gold, 700 pips for Silver, 500 pips for DAX30, and 138 pips for Alibaba. For the USDJPY spread is 3 pips, the AUDJPY spread at 7 pips, the Gold spread at 165 pips, the Silver spread at 600 pips, the German DAX30 spread is 300 pips, and the Alibaba stock spread is 134 pips. For the platinum account, the spread is 3 pips for USDJPY, 7 pips for AUDCAD, 150 pips for Gold, 550 pips for Silver, 300 pips for German DAX30, and 130 pips for Alibaba stock.
Trading Platforms Available of UFX
UFX offers traders a web-based trading platform, a mobile trading platform, and an MT5 trading platform. The web trading platform opens your browser and starts trading with lightning speed, no download or installation required. The mobile trading platform supports native mobile apps for iOS and Android, and traders can also log in and trade through their mobile browsers. MT5 is the latest all-in-one trading platform that offers a range of superior features, intuitive, easy-to-use interface, rock-solid stability, and superb performance. 21 timeframes and over 80 technical indicators that can be easily tracked down to the smallest detail.
Deposit and Withdrawal of UFX
UFX supports a variety of convenient deposit and withdrawal methods, mainly VISA, MasterCard, Maestro, Diners Club, local bank transfers, Skrill, NETELLER, ELV, GiroPay, iDEAL, CASHU, QIWI, WebMoney, POLi, etc.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.