UFX vs USGFX Comparison

Compare UFX vs USGFX

UFX vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT5, ParagonEx450+CySEC
$100MT5, MT460+ASIC

UFX vs USGFX Comparison

UFX is a fixed Forex spread broker, while USGFX is a variable Forex spread STP/ECN broker. Neither though charges Forex commissions.

Both offer MT5, though USGFX is primarily an MT4/MT5 broker, while UFX's main platform is ParagonEx, which is a discretionary trading platform with extra support for the trader in making decisions, by the provision of crowd trading information. Crowd trading is in essence data about the aggregate behavior of other traders, allied to market events. USGFX, while supporting automated trading with robots, also aims to support discretionary trading, by providing access to social and copy trading.

UFX is regulated by the CySEC in Cyprus. USGFX is regulated by the ASIC in Australia.

Quick comparison

Both offer MT5. USGFX additionally offers MT4 and is an STP/ECN broker, while UFX provides crowd trading on ParagonEx.

Minimum deposit and account types

The minimum deposit for UFX is $100. The minimum deposit for USGFX is $100.

  • 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • UFX offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and ETFs, with 450+ available.
  • USGFX offers Forex, Indices, Energy, Metals and Cryptocurrencies, with 60+ available.

Cryptocurrency CFDs

  • USGFX offers Bitcoin.

Spreads and leverage

UFX can offer Forex spreads from 2 (fixed) without a commission charge, while USGFX can provide Forex spreads from 1.3 (variable) without a commission charge.

The maximum leverage for UFX is . USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

Commissions

  • UFX does not charge commissions.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Online trading platforms

UFX provides the ParagonEx platform which has the MassInsights crowd trading feed and MT5. USGFX offers MT4 and MT5.

Why UFX or USGFX ?

Traders may trade on MT5 at either broker though USGFX has a lower minimum deposit to use this platform. At USGFX traders may also trade on MT4. UFX offers its ParagonEx platform which has a crowd trading news feed, though USGFX also has a range of tools to assist traders and supports social and copy trading.

Comparison summary

  • UFX offers a web trader with crowd trading
  • UFX also provides MT5
  • USGFX also offers MT5, and additionally provides MT4
  • USGFX supports social and copy trading
  • UFX can offer more markets to trade than USGFX
  • USGFX has a lower minimum deposit to use MT5

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