ITRADER vs UFX broker comparison

ITRADER vs UFX Broker Comparison

ITRADER versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4200+CySEC
$100MT4, ParagonEx450+CySEC

ITRADER and UFX Comparison

These brokers are both regulated by the CySEC in Cyprus. ITRADER offers MT4 while UFX offers the ParagonEx trading platform, with crowd trading features, along with MT4 for some account types.

Quick comparison

UFX offers ParagonEx with a crowd trading news feed. ITRADER provides MT4 (as does UFX).

Account types and minimum deposit

  • The minimum deposit for ITRADER is $250. ITRADER provides three account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. An Islamic account is available upon request.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.
  • 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.

Markets

  • ITRADER offers Currency Pairs, Indices, Commodities, Stocks and Cryptocurrencies.
  • UFX offers Currency Pairs, Indices, Commodities, Stocks and ETFs.

ITRADER provides 200+ CFDs, UFX provides 450+ CFDs.

Cryptocurrency CFDs

  • ITRADER offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash ABC, Ethereum Classic, Bitcoin Gold, Monero, DASH, IOTA, Zcash, QTUM, NEO, Cardano, Bitcoin SV, Lisk, Siacoin, Tether, NEM, Stellar, Verge, WAVES, TRON and Golem.

Leverage and spreads

Maximum leverage for ITRADER is . Maximum leverage for UFX is .

  • ITRADER offers variable spreads which can vary depending on account type. On ITRADER's Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. On ITRADER's Platinum account, EUR/USD spreads are from 0.7, UK100 from 1, Gold from 0.37 and US Crude Oil from 0.03.
  • Spreads at UFX are fixed under normal market conditions but 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.

Platform

ITRADER provides MT4 and UFX provides MT4 (for some account types) and the ParagonEx platform. Both platforms are available for desktop, tablet and mobile. UFX provides 50+ technical indicators, time frames from tick to 1 month and candlestick, OHLC, line, hollow candles, Heikin-Ashi, Bar Forest, area, HLC, coloured bar HLC, dot chart and line dot charts.

Both brokers offer micro lot trading. UFX provides the MassInsights crowd trading feed, which shows aggregated trader behavior for markets along with market events.

Summary

  • ITRADER offers variable spreads which can be lower with account types requiring a higher minimum deposit
  • UFX offers fixed spreads which can be lower with account types requiring a higher minimum deposit
  • Both provide MT4
  • UFX also offers ParagonEx with crowd trading
  • Both are regulated

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