UFX Cryptocurrency CFD Trading

UFX offers Cryptocurrency CFDs on ParagonEx

UFX Cryptocurrencies
Online BrokerCryptocurrenciesMinimum DepositIslamic AccountMarkets
Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, NEO, Monero, Dash, Bitcoin Gold, EOS, IOTA, Ethereum Classic, OmiseGO, Zcash, Aventus, QTUM, YOYOW, ETP, Santiment, Streamr, Eidoo, QASH$100450+

CFD Broker UFX Has A Wide Range Of Cryptocurrency CFDs To Trade On ParagonEx

UFX has a relatively wide range of cryptocurrency CFDs available to trade, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum and Ethereum Classic. These are available on the ParagonEx crowd trading platform, for a minimum deposit of $100. An Islamic account is offered as well, for which the minimum deposit is $1000.

What is the current range available ?

Currently, 20+ cryptocurrency CFDs are available. These include: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, NEO, Monero, Dash, Bitcoin Gold, EOS, IOTA, Ethereum Classic, OmiseGO, Zcash, Aventus, QTUM, YOYOW, ETP, Santiment, Streamr, Eidoo, QASH.

What are Bitcoin Cash, Bitcoin Gold and Ethereum Classic ?

Bitcoin Cash and Bitcoin Gold are forks of Bitcoin, creating new cryptocurrencies. Ethereum Classic is a continuation of the Ethereum blockchain from which Ethereum forked.

What is UFX ?

UFX is a CFD broker, which began, as its name suggests as a Forex broker, in 2007. It is an STP broker, that is it matches a client's order with an order from a liquidity provider, and it provides fixed spreads. A number of Forex/CFD brokers started offering cryptocurrencies as CFDs, in addition to their other markets. UFX offers a relatively wide range of cryptocurrency CFDs and has the distinction of making the ParagonEx platform available for cryptocurrency CFD trading.

What is ParagonEx ?

PargonEx is available as a web trader and an app. It is a platform for trading markets consisting of boxes for each individual market, with access to the chart, orders and other information. This platform has over 50 technical indicators, time frames from tick to monthly and 12+ chart price types.

But in addition, it has a feed on the side. This is called MassInsights, and is a crowd trading feed. That is, it gives news about markets, such as change in volume or volatility. For news events, it shows reactions of traders to this news, as well information about how the news lived up to expectations. It aims to capture and filter crowd behavior and bring this to the platform.

What is UFX's minimum deposit ?

UFX's minimum deposit is $100 to use ParagonEx. UFX.

Does UFX have different account types ?

UFX provides a range of account types, which have different minimum deposit requirements. There is a Micro/Mini, a Mini, a Standard, a Gold, a Platinum and an Islamic account.

The minimum deposit for the Micro/Mini account is $100, the minimum deposit for the Mini account is $500, the minimum deposit for the Standard and Islamic accounts is $1000, the minimum deposit for the Gold account is $5,000 and the minimum deposit for the Platinum account is $10,000.

All account types offer Daily Market Reviews, a Video Library, Daily Recommendations and 24hr Live Support. All accounts except for the Micro/Mini account provide a Personal Trading Coach. All account except for the Micro/Mini, Mini and Islamic accounts offer VIP Trading support and Exclusive Updates. Gold and Platinum provide SMS Trading Alerts and MT4.

Do spreads vary at UFX ?

Spreads at UFX are fixed, but they may change in out-of-hours trading or extreme market conditions. The actual fixed spread however can be different depending on the account type.

What is the minimum trade volume ?

The minimum trade volume varies between account types. For the Micro/Mini account it is $250 (i.e. a quarter of a micro lot), for the Mini account it is $5000 (5 micro lots), for the Standard account and Islamic accounts it is $10,000 (a mini lot), for the Gold account it is $50,000 (half a lot) and for the Platinum account it is $100,000 (1 standard lot).

Does the trader own the cryptocurrency ?

The trader does not own the cryptocurrency (and hence no wallet is needed). These are trades using contracts for difference (CFDs) which are derivative contracts based on the price of the underlying cryptocurrency asset. It is also possible to go long or short.

What other markets does UFX provide ?

UFX offers trading in Forex (45+ pairs), Indices, Precious Metals, Energy, Soft Commodities, Stocks and ETFs, in addition to Cryptocurrencies.

Is there a commission charge ?

UFX does not charge commissions.

What us the maximum leverage ?

Maximum leverage for Cryptocurrency CFDs is 2:1.

Is there a bid/ask spread ?

There is a bid/ask spread.

Can UFX accept US clients ?

UFX cannot accept US clients.

UFX is regulated 

UFX is a trading name of Reliantco Investments Limited, a Cyprus Investment Firm authorized and regulated by the Cyprus Securities Exchange Commission (CySEC), license number 127/10. Its address is: 139 Makarios Avenue, Zavos Business Center, 3rd Floor, 3021 Limassol, Cyprus.