Trusted
Try Now!
CFD Service. 80.6% lose money
Trusted
Trusted
Trusted
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

UFXMarkets Review

UFXMarkets is a Cyprus-based brokerage brand that has been in service since 2007. Just like other brokers, they also use the well-known MetaTrader 4 trading platform. Alternatively, they also offer the ParagonEx web-based platform. Unfortunately, many users complain that closing trades using their platform can be a challenge as it becomes unresponsive when there are sudden market movements.

UFXMarkets platform
Accounts can be started with as little as $100 for a minimum deposit while the spreads which are tiered depending on the type of account that is used. The maximum margin that can be used is 1:200 while the number of assets that can be traded is just around 90.

In terms of customer support, this broker needs to keep up with the competition because based on the majority of user reviews, their support agents are mostly unreachable and this can be a major disadvantage for those who value customer service. In general, this broker has unimpressive features and services that badly need improvements.