24Option vs UFX - Online Brokerage Comparison

24Option vs UFX | CFD Broker Comparison

24Option vs UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps250+CySEC, IFSC
$100MT5, ParagonEx Web Trader & Apps450+CySEC

24Option vs UFX Comparison

These brokers each offer a web trader and apps. 24Option provides MetaTrader 4 (MT4) while UFX offers MetaTrader 5 (MT5), the successor to MT4.

The web traders at both brokers are user friendly, but UFX also has a crowd trading news feed on its ParagonEx platform. This has updates about markets and market events and contains information about the reaction and sentiment of other traders (the 'crowd') to this news. Thus this is a crowd trading news feed and the trader can use this information to inform their own trading decisions.

Both UFX and 24Option provide Trading Central, which has information such as analysis and signals to help the trader make trading decisions.

24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. UFX is regulated by the CySEC in Cyprus.

Quick comparison

Both brokers offer web traders and apps. 24Option additionally provides MT4, while UFX additionally offers MT5. UFX has a crowd trading news feed on its web trader.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. The minimum deposit for UFX is $100.

  • 24Option offers a Basic account, a Gold account, a Platinum account and a VIP account. The minimum deposit for Basic is $250, the minimum deposit for Gold is $5000, the minimum deposit for Platinum is $10,000 and the minimum deposit for VIP is $50,000. The higher account types have lower spreads and extra features. 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • 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

  • 24Option offers Forex, Indices, Energy, Soft Commodities, Stocks, Metals and Cryptocurrencies, with 250+ available.
  • UFX offers Forex, Indices, Energy, Soft Commodities, Stocks, Metals and ETFs, with 450+ available.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Ethereum Classic, Bitcoin Gold, Stellar and Monero.

Leverage

Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for UFX (CySEC regulated) is .

Online trading platforms

Both brokers have a web trader and apps. 24Option additionally provides MT4. UFX additionally offers MT5.

Why 24Option or UFX ?

Human traders who want to use a user friendly web trader can do so at either broker. UFX has the additional feature on its platform (ParagonEx) which is a crowd trading news feed, adding the reactions and sentiments of the crowd of other traders to the set of information a trader can use to make trading decisions. Traders who want to trade on MT4 can find this platform at 24Option, while those who wish to trade on MT5 can find this platform at UFX.

Comparison summary

  • Both offer CFD trading
  • Each provides web traders and apps
  • 24Option additionally offers MT4
  • UFX additionally provides MT5
  • UFX has a crowd trading news feed on its ParagonEx trading platform

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