FXOpen vs UFX - Online Brokerage Comparison

Compare FXOpen vs UFX

FXOpen versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$100MT5, ParagonEx450+CySEC

FXOpen and UFX Comparison

However FXOpen is an ECN broker, which offers three accounts types, STP, ECN and Crypto. UFX is a fixed spread broker, which offers account types with improved features, including lower spreads, for higher minimum deposits.

FXOpen offers MT4. For this kind of trading, as well as offering no dealing desk trading conditions, FXOpen uses Equinix infrastructure, for high speed order transmission. For discretionary (non-automated) trading, UFX offers ParagonEx. ParagonEx has crowd trading, that is it has a feed which references the aggregate behavior of traders to market changes. Essentially, the trader gets information about the behavior of the crowd, to help inform their own trading decisions. Crowd trading is not auto or copy trading, it is a way to potentially enhance discretionary trading, where the trader makes their own decisions. UFX does however also offer MT5, for a higher minimum deposit.

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis. UFX is regulated by the CySEC in Cyprus.

Quick comparison

FXOpen is an ECN broker offering MT4. UFX is a fixed spread broker offering ParagonEx with a crowd trading news feed and additionally provides MT5.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for UFX is $100.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's 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

  • FXOpen offers Forex, Indices, Energy, Metals and Cryptocurrencies, with 65+ available.
  • UFX offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks and ETFs, with 450+ available.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, DASH, Ripple, IOTA, Ethereum Classic, Bitcoin Cash, NEO, EOS, Monero, Namecoin, Peercoin, Emercoin and OMNI.

Spreads and leverage

FXOpen can offer Forex spreads from 0 plus a commission charge. UFX can provide Forex spreads from 2 (fixed) without a commission charge.

The maximum leverage for FXOpen (FCA regulated) is . The maximum leverage for UFX is .

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • UFX does not charge commissions.

Online trading platforms

FXOpen provides MT4, available for desktop, mobile and tablets. UFX provides MT5. In addition UFX offers the ParagonEx platform which has the MassInsights crowd trading feed.

Why FXOpen or UFX ?

Traders who want to trade on MT4 may do so at FXOpen. Traders who want to trade on MT5 can do so at UFX. Those who wish to trade with an ECN broker may do so at FXOpen. Those who want to trade on a user friendly web trader can do this at UFX. This platform (ParagonEx) also has a crowd trading news feed, letting the trader use information about the crowd of other traders.

Comparison summary

  • Both brokers provide CFD trading
  • FXOpen offers MT4
  • UFX provides MT5
  • UFX offers PragonEx, with crowd trading
  • FXOpen is an ECN broker

Search this site

Translate