FOREX.com vs UFX - Online Brokerage Comparison

FOREX.com vs UFX Comparison

FOREX.com vs UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50Advanced Trading Platform, MT4, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$100ParagonEx, MT5450+CySEC

FOREX.com and UFX Comparison

UFX offers the user friendly ParagonEx web trader and MetaTrader 5 (MT5). FOREX.com provides a user friendly web trader, its Advanced Trading Platform and MetaTrader 4 (MT4).

UFX's ParagonEx has support for crowd trading. This is a news feed with information about the aggregate behavior of other traders to market news and events. This differs from social trading as it does not reference individual traders. It is designed to help inform trading decisions, with crowd behavior.

However FOREX.com also aims to assist the trader making decisions by having a tool on its Advanced Trading Platform which automates to process of charting analysis (it provides trading signals on the chart, based on templates the trader can use or build). It is possible to view crowd trading as providing signals, but the difference is that signals on FOREX.com's platform are based strategy rules for example buying and selling based on indicators. FOREX.com also provides a Reuters news feed.

FOREX.com is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CFTC in the United States, the IIROC in Canada, the SFX in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan.

UFX is regulated by the CySEC in Cyprus.

Quick comparison

FOREX.com and UFX support traders who execute their own trades and provide tools to enhance this experience. FOREX.com additionally provides MT4, while UFX additionally offers MT5, allowing trading strategies to be automated via MetaTrader EAs.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for UFX is $100.

  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.
  • 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 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

  • FOREX.com offers Forex, Indices, Energy, Soft Commodities, Stocks, Metals and Cryptocurrencies, with 300+ available.
  • UFX offers Forex, Indices, Energy, Soft Commodities, Stocks, Metals and ETFs, with 450+ available.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Spreads and leverage

FOREX.com offers Forex spreads from 0.8 (variable) without a commission charge. UFX provides Forex spreads from 2 (fixed) without a commission charge.

The maximum leverage for FOREX.com (FCA regulated) is . The maximum leverage for UFX is .

Online trading platforms

FOREX.com offers the Advanced Trading Platform, Web Trader, MT4 and apps. UFX provides ParagonEx, MT5 and apps.

Why FOREX.com or UFX ?

Traders who want to trade on MT4 can do so at FOREX.com. Those who want to trade on a user friendly web trader may also do so at either broker. FOREX.com additionally offers its Advanced Trading Platform which lets the trader use and build charting signals. UFX's ParagonEx platform has a crowd trading news feed.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • Both provide user friendly web trader
  • FOREX.com offers as well its Advanced Trading Platform, with programmable chart signals
  • UFX provides a crowd trading news feed
  • FOREX.com has a lower minimum deposit

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