UFXBank.com provides a unique white label experience of the ParagonFX web-based trading platform. The website for this broker is very clear and user friendly. It remains “usefully cluttered” with all the information and links a trader needs to navigate the site quickly. This site is very cleanly designed and makes finding the information you are looking for easy to find.
Live chat is a great feature and most of the leading brokers have added this feature. Responsiveness to this form of communication is another matter. When contacting UFXBank by chat, my question was answered in less than 30 seconds by a very knowledgeable operator. Chat is actually answered by the brokers themselves. I asked 5 questions all of which were answered immediately. The operator was not fumbling through a book looking for answers which means there is some experience on the part of the operator. This was a great start for my review of this company.
Major Advantages of Trading with UFXBank.com
- National Futures Association (NFA) regulated
- 80 currency pairs including some metals
- There is the option to also trade on binary with no need of opening another account
- Signal Service and daily reviews and recommendations
- Live trading help with experienced professional trader
- Immediate response to questions
- Excellent traders library and knowledge base
- Wide range of deposit and withdrawal options
- Fiduciary Relationship with 2 of the world’s largest banks
- Low ($100) account opening deposit
- Free Demo trading account
- Secure Web-based Platform powered by an industry leader
- Metatrader Support
- No Commissions and fixed spreads
- 3 second prize freeze during trades
Major Disadvantages of Trading with UFXBank.com
- Relative newcomer to the industry
- 3-10 day withdrawal cycle
- No US Traders accepted
- Inability to trade from charts
- No one click trades
UFX Bank Bonus
30% Cash back bonus on initial deposit (up to $5000)
Who is UFXBank.com
They are a UK based, NFA approved forex broker with a young but experienced staff of trading professionals providing top notch customer experiences on a well tested, industry standard trading platform. Deutche Bank and Saxo Bank provide the liquidity for this broker. They have been operating since 2007 providing world class customer service and trading experiences.
UFXBank offers an extensive library of articles and videos. They provide a daily video update, weekly ask the trading professional video and daily recommendations. SMS updates and trading signals are available to clients. Real time data feeds and responsive charting with over 80 currency pairs, they are also one of the few forex brokers who also allow for trading in metals and oil. This company is positioned to become one of the best trading platforms on the web.
Company Stats
- Headquarters in the United Kingdom and Cyprus
- Technical and Customer support by chat, email, call back, phone
- Language Support in 9 languages
- Operating since 2009
- Major Currency Spread EUR/USD: 3 GBP/USD: 5 USD/JPY: 4
- $100 Account Opening Deposit
What UFXBank.com customers are saying:
Gevin recently wrote, I originally had some withdrawal problems but they were quickly worked out and last week my withdrawal went very smoothly.
At the broker review site 35pip, Kevin recently how comfortable he is working with the platform and the trading concepts they offer are simple and time tested. Customer service is great and they are continually improving the customer experience.
UFXBank has a trading platform, which is very efficient and easy to trade trade. The withdrawal process was bit difficult in the early but now the withdrawal system is working efficiently, says Carissa, a long time user of this broker.
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