FXTM vs. UFX - CFD Broker Comparison

FXTM vs. UFX Broker Comparison

FXTM versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$10MT4, MT5250+FCA, CySEC, FSCA, FSC
$100MT5, ParagonEx450+CySEC

FXTM and UFX Comparison

FXTM offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5). UFX provides ParagonEx along with MT5. ParagonEx offers a crowd trading news feed. To use MT5, UFX has a higher minimum deposit. For ParagonEx, UFX has a lower minimum deposit. However FXTM offers a lower minimum deposit overall, as it has a Cent account with a minimum deposit of $10.

Both FXTM and UFX are regulated by the CySEC in Cyprus. FXTM is also regulated by the FCA in the United Kingdom and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Quick comparison

FXTM provides MT4 and MT5 and offers ECN in addition to other trading accounts. UFX provides ParagonEx with crowd trading and also offers MT5.

Minimum deposit and account types

The minimum deposit for FXTM is $10. The minimum deposit for UFX is $100.

  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 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.

Markets

  • FXTM offers Forex, Indices, Energy, Metals and Stocks, with 250+ available.
  • UFX offers Forex, Indices, Energy, Metals, Stocks and ETFs, with 450+ available.

Spreads and leverage

On FXTM's Standard account, Forex spreads are from 1.3 without a commission charge. On FXTM's ECN account, Forex spreads are from 0.1 plus commission (on FXTM's Pro account spreads are from 0 without a commission charge). On UFX's Platinum account, Forex spreads are from 2 (fixed).

Maximum leverage on FXTM (FCA or CySEC regulated) is . Maximum leverage for UFX is .

Commissions

  • FXTM charges a commission from $2-$10 per lot per side, depending on the equity in the account and the volume traded.
  • UFX does not charge commissions.

Online trading platforms

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

Why FXTM or UFX ?

Those who want to trade on MT5 may do so at either broker, though FXTM has a considerably lower minimum deposit to use this platform. FXTM additionally offers MT4. Traders who want to trade on a user friendly web trader with a crowd trading news feed can find this platform at UFX. Both broker let the trader trade with small trade sizes, though FXTM's are smaller (0.0001 lots vs 0.0025 lots).

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT5
  • FXTM additionally provides MT4
  • UFX offers the ParagonEx platform
  • On ParagonEx, UFX provides crowd trading
  • FXTM offers a Cent account
  • UFX's Micro account also allows small trade sizes
  • FXTM has a lower minimum deposit

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