AvaTrade vs UFX - Compare Trading Brokers

AvaTrade vs UFX | Online Brokerage Comparison

AvaTrade vs UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$100MT4, ParagonEx450+CySEC

AvaTrade vs UFX Comparison

Both brokers offer MetaTrader 4 (MT4), though UFX has a higher minimum deposit to use this platform. AvaTrade additionally provides FX Options trading on the AvaOptions platform. UFX additionally offers ParagonEx, which is a user friendly platform with a crowd trading news feed. This shows market news, which can be referenced to the actions and sentiments of the crowd of other trader to it.

AvaTrade integrates social and copy trading on MT4 via DupliTrade. Social trading allows the trader to inform their trading with the views of individual traders, and copy trading lets them automate their trading by copying the trades of traders in their account. Crowd trading and social trading do not involve automation, but they differ in the level of granularity, in that social trading can focus down onto the individual trader, while crowd trading reflects crowd behavior. But each can be used to inform trading decisions.

AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.

UFX is regulated by the CySEC in Cyprus.

Quick comparison

Both brokers offer MT4. UFX provides ParagonEx with a crowd trading news feed. AvaTrade offers FX Options trading on AvaOptions.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for UFX $100.

  • AvaTrade offers CFD trading and in the UK, spread betting. AvaTrade provides an Economic Calendar on its web site, AutoChartist (for a $500 minimum deposit) and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading.
  • UFX provides CFD trading on six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4. At UFX there is a one minute minimum time after a position has been opened until it can be closed.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Metals and Cryptocurrencies, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Soft Commodities, Stocks, ETFs, Metals, Cryptocurrencies, Bonds and Options, with 200+ available. On AvaOptions, AvaTrade provides 40+ FX Options CFDs.
  • UFX offers Forex, Indices, Energy, Soft Commodities, Stocks, ETFs and Precious Metals, with 450+ available.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Bitcoin Gold, DASH, EOS and Stellar.

Spreads and leverage

  • AvaTrade can offer variable Forex spreads from 0.9 without a commission charge while UFX can offer fixed Forex spreads from 2 without a commission charge.

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for UFX (CySEC regulated) is .

Platforms

AvaTrade offers MT4 and AvaOptions as well as apps. UFX provides MT4, ParagonEx and apps.

Why AvaTrade or UFX ?

Traders wishing to use MT4 can find this platform at either broker, though UFX has a higher minimum deposit to use this platform. Traders wanting a user friendly platform with a crowd trading news feed, can find this at UFX.

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, AvaTrade also provides MT4 spread betting
  • Each offers MT4
  • AvaTrade has a lower minimum deposit to use MT4
  • UFX offers ParagonEx for which it has the same minimum deposit as AvaTrade
  • UFX's ParagonEx has a crowd trading news feed
  • AvaTrade has FX Options trading on the AvaOptions platform

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