UFX vs Z.com Trade Comparison

UFX vs Z.com Trade Broker Comparison

UFX versus Z.com Trade
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ParagonEx450+CySEC
$50MT475+FCA

UFX and Z.com Trade Comparison

UFX offers fixed spreads, while Z.com Trade provides variable spreads. Z.com Trade's ECN accounts offer low Forex spreads, with a commission charge. UFX does not offer this kind of trading (ECN), but does provide crowd trading. Z.com Trade also has a Classic account with variable spreads without a commission charge.

Z.com Trade allows scalping. UFX does not allow scalping though, because it does not allow positions to be held shorter than one minute. UFX has more instruments available than Z.com Trade. UFX provides the ParagonEx platform (with crowd trading), in addition to MT4. UFX is regulated by the CySEC in Cyprus while Z.com Trade is regulated by the FCA in the United Kingdom.

Quick comparison

UFX offers crowd trading on ParagonEx and MT4. Z.com Trade is an ECN MT4 broker.

Why choose one over the other ?

It depends on the type of trading the trader wants to do. UFX is suited to those who wish to augment the discretionary trading experience, where the trader makes the trading decisions, with data from the crowd. It does this by providing a news feed which has market news data referenced to what other traders (the crowd) are doing with this news.

Z.com Trade is focused on providing an environment conducive to automated traders, as it offers MT4, ECN trading conditions and infrastructure such as the use of Equinix infrastructure, to aid in high speed order transmission. In addition it does not restrict trading styles.

However discretionary traders can use MT4 as well, and if they do not wish to trade with a commission charge account, can use Z.com Trade's Classic account, with variable spreads without a commission charge (this uses Equnix servers like Z.com Trade's other accounts). It should be added that UFX offers MT4 as well, but it is not an ECN broker.

Account types and minimum deposit

The minimum deposit for UFX is $100. The minimum deposit for Z.com Trade is $50.

  • 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 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.
  • Z.com Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges. The Classic account does not have a commission charge. Z.com Trade allows scalping, hedging and EAs. Z.com Trade uses Equinix's LD4 (London) Data Centre. All account types have a minimum trade size of 0.01 lots.
  • Z.com Trade offers an 'Educational and Analytical Portal' which provides trading strategies and signals, educational courses, the capacity to chat with an analyst, a technical and fundamental analysis feed, market analysis and news updates.

Markets

  • UFX offers 450+ covering Forex, Indices, Cryptocurrencies, Precious Metals, Energy, Soft Commodities, Stocks and ETFs. UFX provides 45+ Forex pairs.
  • Z.com Trade offers 75+ covering Forex, Indices, Cryptocurrencies, Precious Metals and Energy. Z.com Trade provides 55+ Forex pairs.

Cryptocurrency CFDs

  • UFX offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Bitcoin Gold, Ethereum Classic, Monero, EOS, OmiseGO, Iota, Zcash, Aventus, QTUM, NEO, YOYOW, ETP, Santiment, Streamr, Eidoo and QASH.
  • Z.com Trade offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Spreads at UFX are fixed under normal market conditions, but can 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.
  • On Z.com Trade's Classic account, spreads are variable from 1.0 for EUR/USD. On Z.com Trade's ECN accounts, spreads are variable, with a typical spread of 0.1 for EUR/USD, 1.5 for UK100, 0.09 for Gold and 0.03 for US Crude Oil.

The maximum leverage for UFX is . The maximum leverage for Z.com Trade is .

Commissions

  • UFX does not charge commissions.
  • Z.com Trade does not charge commissions on its Classic account for Forex, or for Indices or Commodities. For Forex on its ECN account it charges commission of $4 per lot per side, and $2.5 per lot per side on its ECN Plus account.

Platform

Both brokers offer MT4. UFX also provides the ParagonEx platform with MassInsights crowd trading. These platforms are available on desktop, tablet and mobile.

Comparison summary

  • UFX provides fixed spreads under normal market conditions
  • Z.com Trade offers variable spreads without a commission charge on its Classic account
  • Both brokers provide STP trading conditions
  • Z.com Trade offers low Forex spreads with a commission charge on its ECN accounts
  • Z.com Trade allows scalping, UFX does not
  • UFX has a minimum deposit of $100, Z.com Trade has a minimum deposit of $50
  • UFX offers more markets to trade
  • Z.com Trade is an ECN broker
  • UFX is regulated by the CySEC, Z.com Trade is regulated by the FCA

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