UFXBank review

UFXBank boasts more than 40 currency pairs and even facilitates commodities trading. With a minimum deposit of only $100, UFXBank is one of the best options for low budget traders and beginners. Note that the leverage provided by UFXBank is capped at a low of 100:1. Also, the higher the leverage you opt for, the greater the risk you bear. Some other key features of the online trading platform are:

Great Selection of Payment Options

UFXBank accepts deposits through multiple modes, including PayPal, NeTeller, WebMoney, MoneyBookers and WesternUnion. UFX also recognizes payments with all the major credit cards, including Visa, Mastercard and DinerClub. UFX does not support American Express at present.

Dedicated Customer Care

UFX provides 24-hour customer support and offers a wide range of customer features and trading tools. Upon registering with UFX, clients have ready access to the broker’s professional support staff, who are available through the day. The experts provide in-depth analysis as well as advice on executing trades. UFXBank also provides the option of online chatting with a UFX representative or requesting a call back to learn about the benefits and risks of forex trading even before you become a client.

Comprehensive Beginner Support

UFXBank has a unique approach to catering to the needs and requirements of beginners. UFX provides multiple channels of commentary and analysis during each trading day, where most of this information is proprietary. UFX maintains excellent trading staff, who personally explains the causes of market movements and the best options for exploiting them profitably. The broker takes feedback from traders seriously, and with the recent integration of the industry-leading MT4 trading platform, traders are going to have an even easier time executing deals.

Superior Safety

Besides being regulated by the NFA, UFXBank implements multiple layers of protection to safeguard traders from software malfunctions, unauthorized access and fraud. To protect private client information and sensitive account data, UFX Bank deploys the 128-bit RSS encryption technology. UFX maintains multiple servers at different locations to backup client data and protect against failure, fire, earthquakes and other natural hazards. These server farms are well guarded, with access open to only authorized individuals.

UFXBank provides several features to market participants at all levels, from forex tutorials and trade recommendations to daily outlook videos and market updates. Additionally, Gold and Platinum clients can access several privilege features, such as market signals and live market alerts sent via SMS.