UFX vs Z.com Trade Comparison

UFX vs Z.com Trade Broker Comparison

UFX versus Z.com Trade Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT5, 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 can 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 markets available to trade than Z.com Trade. UFX provides the ParagonEx platform (with crowd trading), in addition to MT5.

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 MT5. 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 MT5 as well, however for a considerably higher minimum deposit than Z.com Trade's MT4 minimum deposit ($5000 vs $50).

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

Cryptocurrency CFDs

  • Z.com Trade offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

UFX can offer Forex spreads from 2 (fixed) without a commission charge. Z.com Trade can provide Forex spreads from 1 without a commission charge and can additionally offer low Forex spreads plus a commission charge.

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.

Online trading platforms

Z.com Trade offers MT4. UFX provides the ParagonEx platform with MassInsights crowd trading and MT5. These platforms are available on desktop, tablet and mobile.

Why UFX or Z.com Trade ?

Those who wish to trade on a user friendly web trader can find ParagonEx at UFX. ParagonEx also has a crowd trading news feed, which contains information about the reactions of the crowd of other traders to the news. Traders who want to trade on MT5 can do so at UFX. Traders who want to trade on MT4 may use Z.com Trade which has a lower minimum deposit for MetaTrader and is also an ECN broker.

Comparison summary

  • Both brokers provide CFD trading
  • Z.com Trade offers MT4
  • UFX provides ParagonEx with crowd trading
  • UFX additionally provides MT5
  • Z.com Trade is an ECN broker

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