ITRADER vs UFX Broker Comparison

ITRADER vs UFX Broker Comparison

ITRADER versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4200+CySEC
$100MT5, ParagonEx450+CySEC

ITRADER and UFX Comparison

ITRADER is a MetaTrader 4 (MT4) broker. UFX offers ParagonEx which has a crowd trading news feed. However for some account types, UFX additionally provides MetaTrader 5 (MT5).

ITRADER is regulated by the CySEC in Cyprus. UFX is regulated by the CySEC in Cyprus.

Quick comparison

UFX offers ParagonEx with a crowd trading news feed. ITRADER provides MT4, while UFX additionally offers MT5.

Minimum deposit and account types

The minimum deposit for ITRADER is $250. The minimum deposit for UFX is $100.

  • 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 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

  • 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 can offer Forex spreads from 0.7 (variable) without a commission charge, while UFX can provide Forex spreads from 2 (fixed) without a commission charge.

Online trading platforms

ITRADER provides MT4 and UFX provides MT5 (for some account types) and the ParagonEx platform.

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

Why ITRADER or UFX ?

Traders who want to trade on MetaTrader 4 (MT4) may do so at ITRADER. Traders who want to trade on MetaTrader 5 (MT5), the successor to MT5, can do so at UFX, however UFX has a higher minimum deposit to use MetaTrader. UFX additionally offers the ParagonEx platform which offers a crowd trading news feed (for this platform UFX has a lower minimum deposit).

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
  • ITRADER offers MT4
  • UFX provides MT5
  • UFX additionally offers ParagonEx with crowd trading

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