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.
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.