AAAFx vs. UFX Broker Comparison

AAAFx vs. UFX Broker Comparison

AAAFx versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP55+HCMC
$100MT4, ParagonEx450+CySEC

AAAFx and UFX Comparison

UFX offers fixed spreads, which can be lower with account types requiring a higher minimum deposit. AAFX can provide very low spreads with a commission charge. With ParagonEx, UFX has support for crowd trading, where the behavior of the crowd is aligned with news about markets and market events. This is not trading automation, rather is intended to help inform the trader as they make their trading decisions. AAAFx is an ECN broker, which supports trading automation with MT4 and ZTP (which can run robots) and copy trading (and social trading) via ZuluTrade. UFX though also provides MT4. AAAFx is regulated by the HCMC in Greece and UFX is regulated by the CySEC in Cyprus.

ParagonEx vs ZTP

These are the web traders offered by each broker. UFX's ParagonEx has the MassInsights feed, which provides crowd trading information and is for discretionary trading. ZTP is for discretionary trading, but also supports trading automation via ZuluScripts. Both platforms have a range of charting tools to support discretionary trading. ParagonEx also has apps available, as well as the web trader.

Quick comparison

AAAFX is an MT4 ECN broker, and also offers a web trader. UFX provides crowd trading on ParagonEx, and also provides MT4.

Minimum deposit and account types

The minimum deposit for AAAFx is $300 or €250 or £200 or ¥35,000 or AU$370. The minimum deposit for UFX is $100.

  • AAAFx offers CFD trading. AAAFx provides an Islamic account. For deposits higher than $100,000, AAAFx offers Institutional accounts, which have lower commission charges. AAAFx provides support for social and copy trading via ZuluTrade.
  • 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

  • AAAFx offers 55+ covering Forex, Metals, Commodities, Indices, Cryptocurrencies and Bonds.
  • UFX offers 450+ covering Forex, Metals, Commodities, Indices, Stocks and ETFs.

Cryptocurrency CFDs

  • AAAFx provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Spreads and leverage

  • Spreads at AAAFx are variable and typical spreads are from 0.3 for EUR/USD, 1 for UK100, 0.34 for Gold and 0.035 for US Oil.
  • Spreads at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

Maximum leverage for AAAFx is . The maximum leverage for UFX is .

Commissions

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • UFX does not charge a commission.

Online trading platforms

AAAFx makes available ZTP and MetaTrader4 (MT4) along with the ZuluTrade platform. These platforms allow for trading automation.

UFX provides the ParagonEx web trader, the UFX Trader App for mobile and MT4. UFX supports crowd trading on the ParagonEx platform, with a news feed which includes news about market events and the reactions of traders to them.

Why AAAFx or UFX ?

Traders who want to trade via a web trader designed for the trader who executes their own trades can find one at either broker. UFX provides additional information in the form of its crowd trading news feed, which provides information about the aggregate behaviour of the crowd of traders. By linking with ZuluTrade, the trader can find a social trading news feed, which has information about and from individual traders. Additionally ZuluTrade provides copy trading, where the trades of other traders are copied into the trader's account. AAAFx itself supports automated trading with robots via MT4 and its web trader ZTP.

Summary

  • UFX provides STP fixed spreads which can be lower with different account types, depending on the minimum deposit.
  • AAAFx provides tight ECN spreads, with a commission charge.
  • UFX offers crowd trading on ParagonEx
  • AAAFx supports trading automation with MT4 and ZTP
  • AAAFx offers social and copy trading via ZuluTrade
  • UFX also provides MT4
  • AAAFx is HCMC regulated, UFX is CySEC regulated

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