FXGiants vs UFX Comparison

FXGiants vs UFX Broker Comparison

FXGiants versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC
$100MT5, ParagonEx450+CySEC

FXGiants and UFX Comparison

FXGiants offers a range of account types covering instant execution types and STP/ECN trading. UFX provides fixed spread trading and on the ParagonEx platform offers a crowd trading news feed, which seeks to augment news about markets and other market events with data about the reactions of the crowd of traders to them. FXGiants additionally offers MT4, while UFX additionally provides MT5 (the successor to MT4). FXGiants allows scalping, UFX does not.

FXGiants is regulated by the FCA in the United Kingdom and the ASIC in Australia while UFX is regulated by the CySEC in Cyprus.

Quick comparison

FXGiants offers MT4. UFX provides ParagonEx with crowd trading. UFX additionally offers MT5. FXGiants provides STP/ECN accounts.

Minimum deposit and account types

The minimum deposit for FXGiants's ECN accounts is $500. The minimum deposit for UFX is $100.

  • FXGiants offers five account types, the Micro account, the Premium account, the 0 Fixed Spread account, the STP/ECN No Commission account and the STP/ECN 0 Spread account. Only the STP/ECN accounts provide market execution, the others are instant execution. The Micro and Premium accounts have two types, Live Fixed or Live Floating Spread. The 0 Fixed Spread account offers fixed spreads from 0 plus a commission charge. The STP/ECN 0 Spread account offers variable ECN spreads from 0, with a commission charge. FXGiants provides economic news and an economic calendar on its website.
  • The minimum deposit for FXGiants's Micro account is $100, the minimum deposit for the Premium account is $2,500, the minimum deposit for the 0 Fixed Spread, STP/ECN No Commission and STP/ECN 0 Spread accounts is $500. FXGiants allows scalping and EAs. FXGiants provides economic news and an economic calendar on its website. All accounts have a minimum trade size of 0.01 lots.
  • UFX provides 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 offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account. At UFX there is a one minute minimum time after a position has been opened until it can be closed.

Markets

  • FXGiants provides 200+ covering Forex, Indices, Energy, Soft Commodities, Stocks, Metals and Cryptocurrencies.
  • UFX offers 450+ covering Forex, Indices, Energy, Soft Commodities, Stocks, Metals and ETFs.

Cryptocurrency CFDs

  • FXGiants offers Bitcoin, Ethereum, Litecoin and Ripple.

Spreads and leverage

FXGiants offers Forex spreads from 0 plus a commission charge. UFX provides Forex spreads from 2 (fixed) without a commission charge, while FXGiants offers Forex spreads from 1.8 (fixed) and 0.5 (variable) without a commission charge.

Maximum leverage for FXGiants (FCA regulated) is . Maximum leverage for UFX is .

Commissions

  • FXGiants charges a commission of $13 per lot round trip for its ECN Zero account and does not charge a commission for its ECN No Commission account. It also charges a commission from $18 per lot round trip on its 0 Fixed Spread account.
  • UFX does not charge commissions.

Online trading platforms

FXGiants provides MT4. UFX offers ParagonEx and MT5. Both provide mobile apps.

Why FXGiants or UFX ?

Traders who want to trade on MT4 can do so at FXGiants. Those who want to trade on MT5, the successor to MT4 can find this platform at UFX (however UFX has a minimum deposit of $5000 to use this platform). Those who want to trade on a user friendly platform with a crowd trading news feed, can find this at UFX (for the same minimum deposit as FXGiants, $100).

Comparison summary

  • Both brokers offer CFD trading
  • Each provides MT4
  • UFX additionally offers ParagonEx
  • On ParagonEx, UFX has a crowd trading news feed

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